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Latest News
AK Steel Reports Financial Results for First Quarter of 2012
26 April 2012 - AK Steel reported a net loss of $11.8 million on net sales of $1,508.7 million for the first quarter of 2012.
United States Steel Reports 2012 First Quarter Results
25 April 2012 - United States Steel Corp. reported a net loss of $219 million on net sales of $5.172 billion for the first quarter of 2012.
AK Steel's Coshocton Works Recognized for Outstanding Safety Performance
25 April 2012 - The Ohio Bureau of Workers' Compensation, Division of Safety and Hygiene has recognized AK Steel's Coshocton Works for operating 2,952,729 hours without a lost-time injury between February 20, 2008 and August 5, 2011.
Timken Breaks Ground on Faircrest Expansion
24 April 2012 - The Timken Co. celebrated the start of work on a $225 million expansion of its Faircrest Steel Plant that will feature the addition of a new ladle refiner and large-bloom continuous caster.
SMS Concast to Supply Vertical Bloom Caster for Timken Faircrest
23 April 2012 - SMS Concast AG has been awarded jointly with SMS Concast America Inc. of Pittsburgh, Pa., a major contract from The Timken Co. to supply a three(four)-strand UHQ vertical bloom casting facility for Timken’s Faircrest steel plant in Canton, Ohio.
Metals USA Reports First Quarter 2012 Results
20 April 2012 - Metals USA Holdings Corp. reported net sales for the first quarter of 2012, ended March 31, of $525.3 million, up 22% from net sales of $432.3 million recorded for the first quarter of 2011. Net income was $16.3 million, compared to first quarter 2011 net income of $12.4 million.
Steel Dynamics Reports First Quarter 2012 Results
20 April 2012 - Steel Dynamics, Inc. announced first quarter net income of $46 million, or $0.20 per diluted share, on net sales of $2.0 billion. By comparison, prior-year first quarter net income was $106 million, or $0.46 per diluted share, and sequential fourth quarter 2011 net income was $30 million, or $0.14 per diluted share.
Nucor Reports First Quarter 2012 Results
20 April 2012 - Nucor Corp. announced consolidated net earnings of $145.1 million, or $0.46 per diluted share, for the first quarter of 2012, compared to net earnings of $159.8 million, or $0.50 per diluted share, for the first quarter of 2011 and net earnings of $137.1 million, or $0.43 per diluted share, in the fourth quarter of 2011.
Ryerson to Open New Illinois Service Center
19 April 2012 - Ryerson Inc. announced that it will open a new bar processing depot and full line service center in DeKalb, Ill. The 150,000-square-foot facility is expected to begin operations in June 2012.
Reliance Increases 2012 First Quarter Outlook
19 April 2012 - Reliance Steel & Aluminum is updating its guidance regarding the company’s earnings estimates for the first quarter ended March 31, 2012.
Severstal, RÜTGERS Group Set up Coal Tar Conversion JV
19 April 2012 - OAO Severstal and RÜTGERS Group signed an agreement to establish a joint venture named RÜTGERS SEVERTAR, which will manufacture vacuumized pitch, industrial oils, and naphthalene.
February Steel Shipments Down 1.1% from January
18 April 2012 - U.S. steel mills shipped 8,407,343 net tons for the month of February 2012, a 1.1% decrease from the 8,497,932 net tons shipped in the previous month, according to the latest release from AISI.
Metals Service Center Growth Levels Off in March
18 April 2012 - March service center shipments of aluminum and steel were only slightly changed in both the United States and Canada, with inventory positions also remaining nearly constant in both countries, according the latest report from the Metals Service Center Institute.
USW Requests Investigation into Incident with Picketer, Cascade Steel Security Guard
16 April 2012 - The United Steelworkers has demanded an investigation of the Cascade Steel security guard who struck and injured a USW member who was picketing early Thursday morning, April 12, at Cascade Steel in McMinnville, Ore.
OSHA Reaches Settlement with Republic to Include Additional Safety Measures, Training at Mills
13 April 2012 - The U.S. Department of Labor has reached a settlement agreement with Republic Steel Inc. resolving citations issued by the department's Occupational Safety and Health Administration in May 2011 for violations found at the company's facility in Lorain, Ohio.
ALJ Releases Second Quarter Revenue Performance
12 April 2012 - ALJ Regional Holdings, the parent company of Kentucky Electric Steel, reported revenue of $44.6 million for the second quarter and revenue of $83.4 million for the six months ended March 31, 2012.
Two MMK Projects Qualify for Implementation under Kyoto Protocol
12 April 2012 - MMK is introducing electric arc furnace production of slab steel, and is upgrading agglomerate production and load-feeding at its blast furnaces.
Severstal Acquires Remaining Interest in Severstal Liberia Iron Ore
11 April 2012 - OAO Severstal has completed the transaction to acquire the remaining 38.5% minority interest in Severstal Liberia Iron Ore Ltd. from its partner, Afferro Mining Inc.
Severstal Projects Approved to Receive Financing under Kyoto Protocol
10 April 2012 - The Ministry of Economic Development has approved several of ОАО Severstal’s environmental projects to receive financing under the Kyoto Protocol.
Finished Steel Imports up 13% in March
05 April 2012 - The U.S. imported a total of 3,144,000 net tons of steel in March, up 22% from February final data, according to the latest report from AISI. Finished steel imports were up 21% over the same period.
