Steel News

Nucor Lauds Passage of Currency Manipulation Legislation

13 October 2011 - Nucor Corp. commends the U.S. Senate for passing the bipartisan Currency Exchange Rate Oversight Reform Act of 2011 (S.1619), which provides sanctions on China or any other nation that manipulates its currency.

Universal Stainless Announces Vice President of Business Development

12 October 2011 - Universal Stainless & Alloy Products, Inc. announced the appointment of Jeffrey D. Daw to the position Vice President of Business Development.

Commercial Metals Company Announces Restructuring Actions

10 October 2011 - Commercial Metals has announced a number of restructuring actions, including the closure or sale of its CMC Sisak mill in Croatia, additional workforce reductions, closure of five rebar fabricating locations, and rationalization of eight construction services locations.

ALJ Announces 2011 Revenues; Refinancing and Expansion of Senior Financing

07 October 2011 - ALJ Regional Holdings, the parent company of Kentucky Electric Steel, reported revenues of $45.9 million for the fourth quarter and revenues of $162.1 million for the 2011 fiscal year. The company also announced the refinancing and increase of the senior financing agreement of Kentucky Electric Steel.

SunCoke Energy on Track for November Start-up in Middletown

06 October 2011 - SunCoke Energy, Inc. reaffirmed that start-up plans are on track for its new Middletown, Ohio, metallurgical cokemaking facility.

Horsehead and Nucor Expand, Extend Recycling Services Agreement

05 October 2011 - Horsehead Corp. has entered into a 10-year agreement with Nucor Corp. that will expand and extend the existing commercial relationship between the companies.

AK Steel Acquires Iron Ore, Met Coal Interests

05 October 2011 - AK Steel has formed a joint venture with Magnetation for the production of iron ore concentrate. In a separate transaction, AK Steel also acquired all of the stock of Solar Fuel Company, which has significant reserves of low volatile metallurgical coal.

ArcelorMittal Helps Automotive Customer in Recovery Effort

03 October 2011 - As Honda's largest North American steel supplier, ArcelorMittal USA decided to support the automaker following the devastating earthquake and resulting tsunami that hit the northeast coast of Japan in March 2011.

Union-Represented Employees at ATI Ladish Forging Ratify New Labor Agreements

03 October 2011 - Allegheny Technologies reports that union-represented employees at ATI Ladish Forging in Cudahy, Wis., have ratified six-year agreements covering approximately 650 employees.

Steel Dynamics Renews, Increases Revolving Credit Facility

30 September 2011 - Steel Dynamics has amended, restated and expanded its senior secured revolving credit facility from the prior $924 million level to a renewed five-year $1.1 billion facility.

United States Steel to Kick Off Annual United Way Campaign

30 September 2011 - United States Steel will kick off its Pittsburgh-area 2011 United Way employee campaign with its annual Party on the Plaza event on Friday, Sept. 30, 2011.

Worthington Reports First Quarter 2012 Results

29 September 2011 - Worthington Industries reported net earnings of $25.7 million on net sales of $602.4 million for its fiscal 2012 first quarter ended August 31, 2011.

Kobe Steel, Anshan Steel to Consider Automotive Steel Sheet JV in China

28 September 2011 - Kobe Steel has signed a nonbinding letter of intent with China's Anshan Iron and Steel Group to explore a possible joint venture in China for the production of cold-rolled advanced high strength steel sheet for automobiles.

Timken and USW Local 1123 Enter Early Contract Discussions

27 September 2011 - The Timken Company and United Steelworkers of America Local 1123 have agreed to enter early discussions about the current labor agreement.

Nucor Prevails in Class Action Case

26 September 2011 - The Eighth Circuit Court of Appeals has confirmed that a national class action brought against Nucor-Yamato not only was inappropriate, but there was no evidence of plant-wide discrimination at the Blytheville, Ark., plant.

EPA Recognizes Nucor Jewett for Environmental Stewardship

21 September 2011 - The EPA recognizes Nucor Steel’s Jewett, Texas, facility for its achievements in reducing mercury and lead as part of its participation in the EPA’s National Partnership for Environmental Priorities.

Republic Steel Celebrates 125 Years of SBQ Excellence

21 September 2011 - Celebrating 125 of leadership in special bar quality steel manufacturing, Republic has announced it will return to the name Republic Steel, reflecting its heritage of SBQ leadership and innovation.

ArcelorMittal Princeton Receives 2010 Large Surface Mine Safety Award

19 September 2011 - Extra Energy's Virginia Point Surface Mine, wholly owned by ArcelorMittal, has been awarded the 2010 Large Surface Mine Safety Award by the Virginia Division of Mines, Minerals and Energy. ArcelorMittal's Twin State Mining's Highwall Miner #55 won the same award in the Small surface mine category.

Severstal North America Reports Favorable Ruling in Jefferson Court Case

16 September 2011 - Severstal has provided an update regarding the lawsuit between Severstal Columbus, LLC and Jefferson Iron and Metal Brokerage, Inc. regarding interpretation of their scrap procurement contract.

Nucor Announces Third Quarter Earnings Guidance

16 September 2011 - Nucor Corp. is forecasting results in the range of $0.45 to $0.55 per diluted share for its third quarter ending October 1, 2011.