Steel News

Universal Stainless Reports Strong Second Quarter 2011 Results

01 August 2011 - Universal Stainless & Alloy Products reported net income of $5.5 million on sales of $63.3 million for the second quarter, and net income of $9.97 million on sales of $123.1 million for the first six months of 2011.

Severstal Columbus Signs $350 Million Revolving Credit Facility

29 July 2011 - Severstal Columbus has signed a $350 million syndicated revolving credit facility, proceeds of which will be used, among other things, to refinance an existing $150-million revolving credit facility.

Carpenter Technology Reports Fourth Quarter Results

29 July 2011 - Carpenter Technology reported net income attributable to Carpenter of $25.5 million on net sales of $483.6 million for the fourth quarter, and net income attributable to Carpenter of $71.0 million on net sales of $1.675 billion for the full year fiscal 2011.

Timken Posts Second Quarter Earnings

29 July 2011 - The Timken Co. reported $121.5 million income from continuing operations on sales of $1.3 billion for the second quarter of 2011.

Allegheny Technologies Announces Second Quarter 2011 Results

28 July 2011 - Allegheny Technologies reported net income of $64.0 million on sales of $1.35 billion for the second quarter, and net income of $120.3 million on sales of $2.58 billion for the first six months of 2011.

Timken, Partners Break Ground on Wind Energy R&D Center

27 July 2011 - Timken, Stark State College and the Stark County Port Authority officially broke ground this week on a Wind Energy Research and Development Center, America's first R&D center for large wind-turbine gearbox systems.

USW Members Reject New Contract at ATI

27 July 2011 - United Steelworkers members have rejected a four-year contract with Allegheny Technologies that would have covered represented employees at ATI Allegheny Ludlum and ATI’s Albany, Ore., titanium operations.

AK Steel Reports Second Quarter 2011 Results

27 July 2011 - AK Steel reported net income of $33.1 million on net sales of $1,791.9 million for the second quarter and net income of $41.8 million on net sales of $3,373.0 million for the first six months of 2011.

U.S. Steel Reports 2011 Second Quarter Results

26 July 2011 - United States Steel reported net income of $222 million on net sales of $5.12 billion for the second quarter, and net income of $136 million on net sales of $9.98 billion for the first six months of 2011.

Nucor to Support 20 Veterans through CDS Warrior SALUTE Program

25 July 2011 - Nucor Corp. has entered into a partnership with Continuing Developmental Services, Inc. and the CDS Warrior SALUTE Program that will allow it to support 20 veterans throughout 2012 with services such as therapy and vocational training.

Nucor Reports 2nd Quarter Results

22 July 2011 - Nucor announced consolidated net earnings of $299.8 million on consolidated net sales of $5.11 billion for the second quarter, and consolidated net earnings of $459.6 million on consolidated net sales of $9.94 billion for the first six months of 2011.

Steel Dynamics Reports 2nd Quarter 2011 Results

19 July 2011 - Steel Dynamics reports net income of $99 million on net sales of $2.1 billion for the second quarter.

Steel Dynamics Names Rinn Executive VP of Metals Recycling

15 July 2011 - Steel Dynamics announces the appointment of Russell B. Rinn as Executive Vice President of Metals Recycling and President and Chief Operating Officer of OmniSource Corp.

Severstal North America to Receive $730 Million Loan from DOE

14 July 2011 - Severstal North America has received a conditional commitment for a $730 million loan from the U.S. Department of Energy.

ALJ Releases Third Quarter 2011 Revenue Performance

11 July 2011 - ALJ Regional Holdings, the parent company of Kentucky Electric Steel, reported revenues of $43.3 million the third quarter and revenues of $116.2 million for the nine months ended June 30, 2011.

Steel Dynamics, ThyssenKrupp Steel USA Receive Industry Awards

07 July 2011 - Steel Dynamics, Inc. was recently honored as "Steel Producer of the Year" as part of American Metal Market's second annual Awards for Steel Excellence, while ThyssenKrupp Steel USA was named as the winner for “Best Greenfield Technology”.