Steel News

Worthington Reports Third Quarter Fiscal 2012 Results

30 March 2012 - Worthington Industries, Inc. reported net sales of $611.3 million and net earnings of $25.9 million, or $0.37 per share, for its fiscal 2012 third quarter ended February 29, 2012. In last year's third quarter, the company reported net sales of $569.4 million and net earnings of $26.3 million, or $0.35 per share.

Commercial Metals Reports Improved Second Quarter Earnings

29 March 2012 - Commercial Metals Co. reported net earnings of $28.9 million, or $0.25 per diluted share, on net sales of $2.0 billion for the second quarter ended February 29, 2012. This earnings performance is a significant improvement over the net loss of $46.2 million, or $0.40 per share, reported in last year's second quarter with sales of $1.8 billion.

Severstal North America Debuts New Culvert Mobile App

29 March 2012 - Severstal North America introduced its new Culvert mobile application, which is designed to help corrugated steel pipe professionals work faster and smarter. It is available for Apple iOS and Android devices.

AK Tube Plants Recognized for Safety Performance

29 March 2012 - The Columbus, Ind., and Walbridge, Ohio, plants of AK Tube LLC have each received the "Safety Award of Merit" from the Fabricators and Manufacturers Association, International (FMA), a leading trade organization that serves the metal forming and fabricating industry.

Allegheny Technologies Reports Management Changes in Engineered Products Segment

22 March 2012 - Allegheny Technologies Incorporated announced the promotion of Michael L. Cleppe to the position of President, Engineered Products Group, effective April 1, 2012. His promotion is the result of the recent announcement of David M. Hogan’s retirement.

Steel Dynamics Provides First Quarter Earnings Guidance

19 March 2012 - Steel Dynamics provided first quarter 2012 guidance, indicating that earnings are expected to be in the range of $0.15 to $0.20 per diluted share. Estimated earnings reflect expenses, net of interest cost savings, associated with the company's financing activities which occurred in January.

ATI Launches New Customer-Focused Enterprise Website

19 March 2012 - Allegheny Technologies has launched a new enterprise website that brings together information on ATI’s products and services into a single, searchable site.

Nucor Announces Guidance for First-Quarter Earnings

16 March 2012 - Nucor Corp. expects Q1 results to be in the range of $0.30 to $0.35 per diluted share, performance consistent with the qualitative guidance presented in the company’s fourth quarter of 2011 earnings release and conference call.

AK Steel Announces Carbon Steel Price Increase

15 March 2012 - AK Steel announced plans to increase current spot market base prices for all carbon flat-rolled steel products.

Evraz Completes Preliminary Studies on New Facilities That Can Recover Vanadium from Slag

15 March 2012 - Evraz Stratcor, Inc., an EVRAZ subsidiary, has completed engineering work and cost estimates on proposed new facilities at its Hot Springs, Ark., plant that can recover vanadium from steelmaking slag.

United States Steel Announces Pricing of Senior Notes Offering

13 March 2012 - United States Steel Corp. announced the pricing of its public offering of $400,000,000 aggregate principal amount of 7.500% Senior Notes due 2022 at 100% of the principal amount.

Government of Canada Supports Ivaco Rolling Mills Upgrade

13 March 2012 - Government of Canada funding will help support the expansion of Ivaco Rolling Mills that will allow the company to increase its production of steel billets by 225,000 tons annually and to produce different grades and higher quality steel billets.

UAW Members Ratify Early Labor Agreement for Zanesville Works

13 March 2012 - AK Steel announced that members of the United Auto Workers (UAW), Local 4104, have ratified a new three-year labor agreement at the company's Zanesville, Ohio, Works.

Allegheny Technologies Announces Retirement of Engineered Products Segment VP

09 March 2012 - Allegheny Technologies Incorporated announced the retirement of David M. Hogan, Executive Vice President, Engineered Products Segment, effective April 1, 2012.

Premier Alliance to Implement Automated Demand Response at California Steel

08 March 2012 - Premier Alliance Group’s recently acquired Energy Division, Greenhouse Holdings, has been contracted to implement Southern California Edison’s Automated Demand Response (Auto-DR) program for California Steel Industries at its 450-acre Fontana, Calif., facility.

RG Steel Sparrows Point to Restart Galvanizing Line

06 March 2012 - RG Steel announced plans to restart the No. 2 Galvanizing Line at RG Steel Sparrows Point in early April.

ThyssenKrupp Steel USA Reaches out to Community Stakeholders

05 March 2012 - ThyssenKrupp Steel USA recently issued a communication to community stakeholders regarding an expected fine and other requirements through a consent order to be officially signed this month by the Alabama facility’s Team and the Alabama Department of Environmental Management (ADEM).

Carpenter Completes Latrobe Acquisition

01 March 2012 - Carpenter Technology has completed its acquisition of Latrobe Specialty Metals following approval by the U.S. Federal Trade Commission. As part of the FTC approval, Carpenter entered into a consent decree to transfer specified assets and technical knowledge to Eramet S.A. and its subsidiaries, Aubert & Duval and Brown Europe.

Timken to Build New Office Complex in Stark County

29 February 2012 - Timken announces plans to invest $42 million in Stark County, Ohio, to build a new two-story office complex connected to its existing facility near the Akron-Canton airport.

Severstal Plans US$1.7 Billion Target Capital Investment Program for 2012

28 February 2012 - OAO Severstal announced plans to invest US $1.7 billion in 2012, including further modernization and improvement of its operations, raising standards for health & safety, and development of new projects both in Russia and internationally.