Steel News

Republic Joins Mercury Switch Recovery Program

22 May 2007 - Republic Engineered Products has joined a national coalition of automobile manufacturers, steel industry associations and environmental groups in the effort to implement the voluntary National Vehicle Mercury Switch Recovery Program, which encourages the removal of mercury switches from scrap automobiles before they are crushed or shredded.  

U.S. Steel Announces Redemption of Senior Notes

22 May 2007 - United States Steel has called for full redemption on June 20, 2007, all of its outstanding 9.75% Senior Notes due 2010.

Mittal Steel to Upgrade Burns Harbor Continuous Heat Treat Line

22 May 2007 - Arcelor Mittal announced plans to upgrade the Continuous Heat Treating Line at its Burns Harbor facility, helping to further expand the company's supply of cold rolled advanced high strength steel.

Sunoco Celebrates Start of Construction at Haverhill II Coke Plant

22 May 2007 - Sunoco held a brick-laying ceremony at its second SunCoke Energy Heat Recovery Coke manufacturing plant in Haverhill, Ohio, which will eventually supply coke to both Severstal North America and WCI Steel.

Williams Scotsman Launches Stainless Product for European Modular Building Industry

21 May 2007 - Williams Scotsman International announced the launch of Tecno Inox S/S, a new line of stainless steel products for the modular building marketplace, through its wholly-owned subsidiary, Wiron.

Arcelor Mittal Reports First Quarter 2007 Results

21 May 2007 - Arcelor Mittal reported net income of $2.3 billion on sales income of $24.5 billion for the three months ended March 31, 2007.

SMS Meer to Supply Finishing Center for Pervouralsk

21 May 2007 - OAO Pervouralsky Novotrubny Works, part of the ChTPZ Group, Russia, has placed an order with SMS Meer for a complete finishing center for their existing pipe plant.

Umformtechnik Transferred to ThyssenKrupp Steel

21 May 2007 - The ThyssenKrupp Umformtechnik group has been transferred to the ThyssenKrupp Steel segment, effective October 1, 2006.

Danieli Corus to Design Greenfield Blast Furnace for AMK

18 May 2007 - Alchevskiy Metallurgicheskiy Kombinat (AMK) has awarded Danieli Corus an order for design and supply of a greenfield blast furnace installation at its facility in southeastern Ukraine.

Parsytec to Supply Surface Inspection for USS Kosice Hot Dip Galvanizing Line

18 May 2007 - Parsytec AG has received an order from the Slovakian steelmaker USS Ko&scaron;ice to equip their brand-new hot dip galvanizing line (HDG Line No. 3) with Dual Sensor surface inspection technology.

March Steel Shipments Down 5.1% from Last Year

18 May 2007 - U.S. steel mills shipped 9,331,000 net tons of steel in March 2007, according to the latest report from the American Iron and Steel Institute.

SMS Meer to Supply Wire Rod and Bar Mill for Hmisho Trading

18 May 2007 - Hmisho Trading Group, Syria, has placed an order with SMS Meer for the supply of a new combined wire rod and bar mill that will incorporate technology for the endless rolling of bars.

MacSteel Service Centers USA Opens New Tucson Facility

18 May 2007 - MacSteel Service Centers USA has opened a new $10-million metals processing and distribution service center in the Century Park research Center in Tucson, Ariz.

Quanex to Review Strategic Alternatives for Building Products Group

17 May 2007 - Quanex’s Board of Directors has initiated a review of strategic alternatives for its Building Products group, which consists of Engineered Products and Aluminum Sheet Products.

U.S. Steel Prices $1.1 Billion Senior Unsecured Notes

17 May 2007 - United States Steel prices $300 million of 5.65% Senior Notes due 2013, $450 million of 6.05% Senior Notes due 2017, and $350 million of 6.65% Senior Notes due 2037.Part of the proceeds of the offering will be used to fund a portion of the company’s recently approved acquisition of Lone Star Steel.

Arcelor Mittal Announces Further Details on Legal Merger Process

17 May 2007 - The Boards of Directors of Mittal Steel and Arcelor announced further details about the process for the legal merger into Arcelor that was agreed in the context of Mittal Steel’s exchange offer completed on August 1, 2006.

SMS Meer to Supply CRS Straightener for Peiner Träger Section Mill

16 May 2007 - Peiner Träger, a member of the Salzgitter Group, places an order with SMS Meer for a straightener with CRS technology for its medium section mill.

Dofasco Redeems Medium-Term Notes

16 May 2007 - Dofasco has completed redemption of all of its issued and outstanding 7.55% Series B Notes due October 1, 2008, and all of its issued and outstanding 4.961% Series A Notes due June 15, 2017 — in each case plus accrued but unpaid interest.

North American Galvanizing Announces 3-for-2 Stock Split

16 May 2007 - North American Galvanizing & Coatings’ Board of Directors declares a 3-for-2 stock split of its common stock in the form of a 50% stock dividend.

Olympic Steel Makes Management Changes

16 May 2007 - Olympic announced that Esther Potash will assume the role of Chief Information Officer, and Frank Ruane will assume the position of Vice President – Purchasing & Materials Management.