Steel News

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.

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.