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Latest News
CCR Technologies Completes Caster Upgrade at Nucor Auburn
13 April 2005 - CCR Technologies Inc. recently completed modernization of Nucor Steel Auburn’s continuous billet caster. CCR’s scope of supply comprised all equipment beyond the CCR straighteners.
Stelco Reports Fourth Quarter and Full Year Results
12 April 2005 - Stelco Inc. released its 2004 Audited Consolidated Financial Statements together with Management's Discussion and Analysis, which outlines the corporation's financial results and condition. Stelco also released its Annual Information Form (AIF). In its statements, Stelco reported net earnings of $1 million for the fourth quarter, and net earnings of $65 million for the year ended December 31, 2004.
Ohio Coatings Company Announces President
12 April 2005 - Jim Tennant has been named President of Ohio Coatings Company (OCC), effective April 1, 2005.
California Steel Reports First Quarter Results
12 April 2005 - California Steel Industries, Inc. reported net income of $22.1 million on sales revenues of $339.3 million for the quarter ended March 31, 2005.
Cleveland-Cliffs Will Not Extend Offer for Portman
11 April 2005 - Cleveland-Cliffs Inc announced that its Cleveland-Cliffs Australia Pty Limited subsidiary will not extend its offer for all of the shares in Portman Limited beyond April 19, 2005. The offer will close on Tuesday, April 19, 2005, at 7:00 p.m. (Perth time) and cannot be extended further.
AK Steel Adds Titanium Surcharge for Stainless Grades
11 April 2005 - AK Steel is adding a titanium component to its stainless steel raw material surcharge due to a nearly five-fold rise in cost since the beginning of 2004.
Mittal Steel and ISG Clarify Election Deadline
11 April 2005 - Mittal Steel Co. NV and International Steel Group Inc. have clarified the deadline for ISG stockholders to submit forms of election regarding the stock and cash consideration they elect to receive for their shares of ISG common stock. The election relates to the proposed merger of ISG with a wholly owned subsidiary of Mittal Steel.
Mesabi Trust Announces First Quarter Royalty
11 April 2005 - Trustees of the Mesabi Trust declared a distribution of $0.33 per Unit of Beneficial Interest of Mesabi Trust. The royalty, which is payable on May 20, 2005 to Mesabi Trust unitholders of record at the close of business on April 30, 2005, compares to $0.05 per Unit for the same period last year.
Timken to Increase Seamless Tubing Prices
08 April 2005 - The Timken Corp. announced it will increase prices on seamless tubular steel products effective with shipments from July 1, 2005 until further notice.
Additional Areas Meet Air Quality Standards for Fine Particle Pollution
08 April 2005 - The Environmental Protection Agency has added twenty-one counties in 12 areas across nine states to the list of counties that meet the nation’s new, more protective air quality standards for fine particle pollution (PM2.5).
California Steel Completes Galv Line Automation Project
08 April 2005 - California Steel Industries, Inc. (CSI) recently completed a five-year, $265-million modernization program focused on the company's No. 2 Continuous Galvanizing Line.
Metals Manufacturer Fined $89,100 for Safety and Health Hazards
08 April 2005 - The U.S. Labor Department's Occupational Safety and Health Administration (OSHA) has fined Engineered Materials Solutions Inc., Attleboro, Mass., $89,100 following an Oct. 10, 2004, accident in which an employee suffered crushing injuries after being dragged into a metal-forming machine.
Cleveland-Cliffs Comments on Pellet Price Settlement
08 April 2005 - Cleveland-Cliffs Inc. commented on the recent settlement of iron ore price by Eastern Canadian producers.
Stelco Details Game Plan for Financial Reporting, Annual Meeting
07 April 2005 - Stelco Inc. has provided an update regarding the filing of financial statements and the timing of its Annual General Meeting of shareholders.
ISG Restarts Burns Harbor Plate Mill
07 April 2005 - International Steel Group Inc. has successfully restarted the 110-inch plate mill at its Burns Harbor, Ind., facility.
EPA Changes PM 2.5 Designations for Counties in Indiana and Ohio
07 April 2005 - The U.S. Environmental Protection Agency (EPA) is changing the air quality attainment designation for two Indiana and five Ohio counties.
Cleveland-Cliffs Increases Interest in Portman to 73%
06 April 2005 - Cleveland-Cliffs Inc.’s Cleveland-Cliffs Australia Pty Limited subsidiary has extended its offer for all of the shares in Portman Limited by two weeks. The deadline is now Tuesday, April 19, 2005 at 7:00 p.m. (Perth time).
Schnitzer Steel Reports 94% Increase in 2nd Quarter Income
06 April 2005 - Schnitzer Steel Industries, Inc. reported net income of $36.0 million on revenues of $215.7 million for its fiscal 2005 second quarter that ended February 28, 2005.
Carpenter Raises Stainless and Specialty Alloy Prices
06 April 2005 - Carpenter Technology Corp.’s Specialty Alloys Operations will increase base prices by 4 to 7% on all stainless alloys, and by 6 to 10% on all premium-melted alloys.
Reliance Steel and Aluminum Updates Earnings Outlook
06 April 2005 - Reliance Steel & Aluminum Co. is updating its guidance regarding earnings estimates for the first quarter ended March 31, 2005.
