Steel News

AIST Presents 2011 Energy Achievement Award to ArcelorMittal Dofasco

15 November 2011 - AIST’s Energy and Utilities Technology Committee (EUTC) presented the 2011 Energy Achievement Award to ArcelorMittal Dofasco Inc. for its Hot Mill Reheat Furnace Heating Optimization Project.

U. S. Steel Tubular Products Announces 2011 Chief Roughneck Award

14 November 2011 - U. S. Steel Tubular Products, Inc. announced Michael C. Linn, Executive Chairman of Linn Energy, LLC, as the recipient of its Chief Roughneck Award for 2011.

Esmark Announces 2011-2012 Scholarship Recipients

11 November 2011 - Esmark, Inc. announced this week the recipients of the company’s 2011-2012 Helen Bouchard Esmark Scholars.

AK Steel Announces Carbon Steel Price Increase

09 November 2011 - AK Steel announces plans to increase current spot market base prices for all carbon flat-rolled steel products effective immediately with new orders.

Cliffs Natural Resources Reports on Sustainability Progress

04 November 2011 - Cliffs Natural Resources has released its third sustainability report, which provides a comprehensive look at Cliffs' business and describes the company's goals, progress and outcomes in four key areas of corporate responsibility: corporate governance, environment, community and economic value.

First Heat in 100 Years for Southside Chicagoland Steel

03 November 2011 - A. Finkl & Sons, with the help of Great Lakes Mechanical Services and SMS Diemag, recently celebrated the first heat of a new steel-forging furnace in over 100 years on the southside of Chicago.

Carpenter Technology Reports First Quarter Results

01 November 2011 - Carpenter Technology Corp. reported net income attributable to Carpenter of $23.8 million ($0.53 per share) on net sales of $414.1 million for the quarter ended September 30, 2011.

U.S. Steel Chairman Elected to National Safety Council Board

01 November 2011 - The National Safety Council announced the election of U.S. Steel Chairman and CEO John P. Surma and three other new members to its Board of Directors.

CMC Reports Fourth Quarter and Full-Year Results

31 October 2011 - Commercial Metals Company reported a net loss of $120.3 million $1.04 per diluted share on net sales of $2.3 billion for the fourth quarter, and a net loss of $129.6 million on net sales of $7.9 billion for the full year ended August 31, 2011.

Timken Posts Strong Quarter, Raises Full-Year Forecast

28 October 2011 - Timken reported $111 million income from continuing operations on sales of $1.3 billion for the third quarter and $345.2 million income from continuing operations on sales of $3.9 billion in the first nine months of 2011.

Universal Stainless Reports Strong Third Quarter 2011 Results

27 October 2011 - Universal Stainless & Alloy Products reported net income of $3.9 million on record sales of $67.3 million for the third quarter, and net income of $13.9 million on sales of $190.4 million for the first nine months of 2011.

Allegheny Technologies Announces Third Quarter 2011 Results

27 October 2011 - Allegheny Technologies reported net income of $62.3 million on sales of $1.35 billion for the third quarter, and net income of $182.6 million on sales of $3.93 billion for the first nine months of 2011.

New Equipment Enables ThyssenKrupp Stainless USA to Produce Widths to 72 Inches

27 October 2011 - ThyssenKrupp Stainless USA has started up a hot strip annealing and pickling line and a second Sendzimir cold rolling mill at its Alabama plant.

AK Steel Reports Third Quarter 2011 Results

26 October 2011 - AK Steel reported a net loss of $3.5 million on net sales of $1,585.8 million for the third quarter and net income of $38.3 million on net sales of $4859.8 million for the first nine months of 2011.

U. S. Steel Reports 2011 3rd Quarter Results

26 October 2011 - United States Steel Corp. reported third quarter 2011 net income of $22 million, or $0.15 per diluted share, compared to a second quarter 2011 net income of $222 million, or $1.33 per diluted share, and a Q3 2010 net loss of $51 million, or $0.35 per diluted share.

Carpenter Selects Alabama as Site for Premium Products Facility

24 October 2011 - Carpenter Technology Limestone County, Ala., as the location for its recently announced new 400,000 square foot state-of-the-art manufacturing facility.

Nucor Reports Q3, Nine Months Results

21 October 2011 - Nucor reported consolidated net earnings of $181.5 million on consolidated net sales of $5.25 billion for the third quarter, and consolidated net earnings of $641.1 million on consolidated net sales of $15.194 billion for the first nine months of 2011.

CMC Receives Notice of Intention to Nominate Directors

20 October 2011 - Commercial Metals Co. (CMC) has received notice from Carl Icahn, and affiliated entities, of their intention to nominate three candidates for election to CMC's Board of Directors at the company's 2012 Annual Meeting. The notice also contains the intention to make certain proposals at the meeting.

Steel Dynamics Reports Third Quarter 2011 Results

18 October 2011 - Steel Dynamics, Inc. announced net income of $43 million on net sales of $2.0 billion for the third quarter, and net income of $248 million on net sales of $6.14 billion for the nine months ended September 30, 2011.

Steel Dynamics Names Millett as President and CEO, Effective 2012

17 October 2011 - The Steel Dynamics, Inc. Board of Directors has appointed Mark D. Millett to the position of President and Chief Executive Officer of the company, effective January 1, 2012. At that time, Keith Busse will become Chairman of the company's board of directors.