Steel News

EPA Cites ISG Cleveland for Clean-Air Violations

04 November 2004 - U.S. Environmental Protection Agency Region 5 has cited ISG Cleveland Inc. (formerly an LTV Steel Co. Inc. facility) for alleged clean-air violations at the company's iron and steel production plant at 3060 Eggers Road, Cleveland, Ohio.

More Starts up LimeJet Technology on Charter Steel EAF

04 November 2004 - Charter Steel recently started up Moré SRL’s LimeJet, a pneumatic lime injection technology, in their 100-ton DC EAF.

Gerdau Ameristeel Announces 3rd Quarter Results

03 November 2004 - Gerdau Ameristeel Corp. reported net income of $144.3 million on net sales of $807.9 million for the quarter, and net income of $271.3 million on net sales of $2.2 billion for the nine months ended September 30, 2003.

EMJ Reports Strong 2nd Quarter Results

02 November 2004 - Earle M. Jorgensen Co. (EMJ) reported net income of $26.7 million on sales of $389.3 million for the second fiscal quarter, and net income of #48.6 million on revenues of $750.9 million for the first six months ended September 29, 2004.

Oregon Steel Mills Announces Record 3rd Quarter Results

02 November 2004 - Oregon Steel Mills, Inc. reported record net income of $50.3 million on record sales of $348 million for the third quarter of 2004.

Republic Starts up New Saw Line in Canton

02 November 2004 - Republic Engineered Products Inc. announced the startup of a new saw line for bars produced at its Canton plant. The $285,000 investment boosts annual cutting capacity at the Canton facility by 40,000 tons.

Gerdau Ameristeel Closes North Star Steel Acquisition

02 November 2004 - Gerdau Ameristeel Corp. has completed its acquisition of the North Star Steel assets from Cargill, Inc. The deal includes the fixed assets and working capital of four long steel product minimills in St. Paul, Minn.; Wilton, Iowa; Calvert City, Ky.; and Beaumont, Texas; three wire rod processing facilities in Beaumont, Texas; Carrollton, Texas; and Memphis, Tenn.; and a grinding ball facility in Duluth, Minn. Integration of these operations will provide Gerdau Ameristeel's customers with expanded geographical coverage and a broader range of products.

Ipsco Reports Continued Strong Earnings in Third Quarter

01 November 2004 - Ipsco Inc. announced net income of $144.5 million on sales of $641.9 million for the third quarter, and net income of $242.2 million on sales of $1,673.0 million for the nine months ended Sep. 30, 2004.

MultiServ Logs Two Multi-Year Contracts

01 November 2004 - Worldwide industrial services and products company Harsco Corp. announced that its MultiServ mill services division has been awarded multi-year contracts totaling more than $15 million in projected new revenues over their duration for on-site mill services at two specialty steel plants in the U.S. and UK.

VAI to Expand Hadeed DR Plant and Meltshop

01 November 2004 - As the leader of two international consortia, VAI has received an order from Hadeed (Saudi Iron and Steel Co.), Saudi Arabia, for the enlargement of hot metal and steel-producing capacity at its Al-Jubail complex.

New Blast Furnace to Strengthen ThyssenKrupp Stahl Duisburg Location

01 November 2004 - ThyssenKrupp Stahl AG has announced a new blast furnace concept that will make a lasting improvement to both the environment and the job situation in the industrial city of Duisburg.

JFE and ThyssenKrupp Steel Achieve Milestones with Comprehensive Agreement

01 November 2004 - JFE Steel Corp. and ThyssenKrupp Steel (TKS) have accomplished several important achievements as a result of the comprehensive cooperation agreement for automotive steel and its related research and development, which was signed in April 2002.

Posco Celebrates Growing Success with Six Sigma

01 November 2004 - Posco recently held its third Six Sigma Festival, with all executives and employees sharing results of various Six Sigma activities. About 500 people participated in the festival, which was broadcast live over the Internet from Posco website.

Stelco and Local 8782 Welcome Agreement with DaimlerChrysler

31 October 2004 - Stelco Inc. and United Steelworkers of America (USWA) Local 8782 jointly announced that they have reached agreement with DaimlerChrysler to extend the deadline for providing assurances regarding security of steel supply. The deadline, originally set for October 31, 2004, has now been moved to November 18, 2004.

Gerdau Ameristeel to Purchase Gate City Steel and RJ Rebar

29 October 2004 - Gerdau Ameristeel has entered into an agreement to purchase substantially all the assets of Gate City Steel, Inc. and RJ Rebar, Inc., headquartered in Indianapolis, Ind.

Gibraltar Steel Changes Name to Gibraltar Industries

28 October 2004 - Gibraltar’s stockholders have approved a proposal to change the name of the corporation to Gibraltar Industries, Inc. from Gibraltar Steel Corp., effective immediately. Gibraltar will retain its existing Nasdaq stock symbol, ROCK.

Cleveland-Cliffs Reports Record Net Income for 3rd Quarter

28 October 2004 - Cleveland-Cliffs Inc reported third-quarter 2004 net income of $87.5 million on total revenues and other income of $409.7 million.

Gibraltar Reports 3rd Quarter Results

28 October 2004 - Gibraltar reported net income of $16.2 million on sales of $279 million for the third quarter, and net income of $41.0 million on sales of $748 million in the first nine months of 2004.

Import Gains Outpace Steel Consumption Increases

28 October 2004 - Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported September imports of steel into the United States were the highest import levels in four years — 3,467,000 net tons, including 2,714,000 net tons of finished steel.

Ryerson Tull to Acquire Integris Metals

28 October 2004 - Ryerson Tull, Inc. has signed a definitive agreement to purchase Integris Metals, Inc., a joint venture between Alcoa Inc. and BHP Billiton.