Steel News

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.

Carpenter Powder Products Plans Facility Expansion in Sweden

15 September 2011 - Carpenter Technology has announced a major expansion of its Carpenter Powder Products facility in Torshälla, Sweden.

Evraz North America Announces Executive Vice President

15 September 2011 - Evraz North America announced the appointment of Kimberly Fields, a former General Electric executive, as Executive Vice President for its Flat Products Group.

ArcelorMittal Coatesville Supports Building of One World Trade Center

14 September 2011 - ArcelorMittal Coatesville has supplied more than 10,000 tons of plate and custom flame-cut parts from plate in various grades since 2007 for the new structure known as the One World Trade Center.

Steel Dynamics Provides Third Quarter Earnings Guidance

13 September 2011 - Steel Dynamics is expecting to report third quarter earnings in the range of $0.18 to $0.22 per diluted share, a decrease from the previous quarter due primarily to a substantial drop in anticipated third quarter flat rolled earnings.

AK Steel Announces Carbon Steel Price Increase

01 September 2011 - AK Steel announced plans to increase current spot market base prices for all carbon flat-rolled steel products, effective immediately with new orders.

Timken Announces New Vice President of Rail Business

31 August 2011 - The Timken Co. announced the appointment of Brian J. Ruel to the position of Vice President of Rail, effective Oct. 1.