Steel News

Quad Infotech Implements [QMOS] MES system at Gerdau Ameristeel Sayreville

21 April 2011 - Quad Infotech has completed the implementation of its [QMOS] MES system at Gerdau Ameristeel’s Sayreville facility for seamless coordination of its steelmaking and rolling operations throughout the entire operation.

Steel Dynamics Reports Significantly Stronger First Quarter 2011 Results

19 April 2011 - Steel Dynamics reported first quarter net income of $106 million on net sales of $2.0 billion.

Timken Increasing Capacity Across its Steel Plants

19 April 2011 - The Timken Company announced it will increase its annual steelmaking capacity by 120,000 tons across its steel manufacturing facilities in Canton, Ohio.

Tenova Core to Supply Walking Beam Furnace for Gerdau Ameristeel

18 April 2011 - Gerdau Ameristeel has contracted Tenova Core to design and supply a 140 tonnes/hour walking beam reheat furnace at Gerdau’s Calvert City, Ky., facility.

Steel Dynamics, LaFarga Create Copper Wire Rod Venture

18 April 2011 - Steel Dynamics, Inc. and LaFarga Group are creating a new partnership that will utilize recycled copper scrap to produce higher-margin copper wire rod.

Steel Dynamics Names Millett President and COO

15 April 2011 - Steel Dynamics, Inc.’s board of directors has approved the appointment of Mark D. Millett to the new position of President and Chief Operating Officer, effective immediately. Richard P. Teets Jr. will continue as Executive Vice President and President and COO of Steelmaking.

ThyssenKrupp Starts Coated Production

15 April 2011 - ThyssenKrupp Steel USA recently started production of its first coated prime coil on hot dip galvanizing line (HDGL) number 1. The HDGL lines are the last of the carbon steel start-up’s mills to begin production.

Mesabi Trust Declares Distribution

14 April 2011 - The Trustees of Mesabi Trust have declared a distribution of five cents per Unit of Beneficial Interest payable on May 20, 2011 to Mesabi Trust unitholders of record at the close of business on April 30, 2011.

Cliffs Wins Approval for Consolidated Thompson Acquisition

14 April 2011 - The Minister of Industry has approved Cliffs Natural Resources’ proposed acquisition of Consolidated Thompson Iron Mines Limited, under the Investment Canada Act, on the basis that the transaction is likely to be a net benefit to Canada.

RG Steel Announces Executive Appointments

13 April 2011 - RG Steel President and CEO V. John Goodwin announced four key executive appointments including Chief Financial Officer, Chief Commercial Officer, Chief Administrative Officer, and Chief Operating Officer.

Siemens to Supply Static Var Compensation System to CMC Steel Texas

13 April 2011 - CMC Steel Texas has placed an order with Siemens Industry, Inc. to supply a turnkey SVC Plus static var compensation system for the company’s steel minimill in Seguin, Texas.

Cliffs Reaches Negotiated Settlement with ArcelorMittal USA

12 April 2011 - Cliffs Natural Resources has reached a negotiated settlement with ArcelorMittal USA and related parties regarding price reopener entitlements for 2009 and 2010 and pellet nominations for 2010 and 2011.

CMC Enters Two Year Sale of Accounts Receivables Facility

12 April 2011 - Commercial Metals Co. and several of its subsidiaries have entered into a facility with Wells Fargo Bank, N.A to provide for a two-year sale of accounts receivables.

Latrobe Specialty Steel to Expand in Wauseon

08 April 2011 - Latrobe Specialty Steel will use a Contingency Grant recently awarded by the Ohio Department of Development to purchase and install technologically advanced hydrogen atmosphere furnaces at its Wauseon, Ohio, facility.

ALJ Releases Second Quarter Revenue Performance

08 April 2011 - ALJ Regional Holdings, the parent company of Kentucky Electric Steel, reported revenues of $40.3 million for the second quarter and revenue of $73.0 million for the six months ended March 31, 2011.

CMC Announces New President and Chief Operating Officer

08 April 2011 - Commercial Metals Company announced the promotion of Joe Alvarado to the position of President and Chief Operating Officer.

AK Steel Announces May 2011 Surcharges

05 April 2011 - AK Steel says it will add a $390 per ton surcharge to invoices for electrical steel products shipped in May 2011.

Schnitzer Reports Strong 2nd Quarter Fiscal 2011 Financial Results

05 April 2011 - Schnitzer Steel Industries reported $1.10 diluted earnings per share from continuing operations for its fiscal 2011 second quarter ended February 28, 2010, a 77% increase from $0.62 diluted earnings per share for the year-ago second quarter.

ArcelorMittal USA Receives Fourth ENERGY STAR Award

04 April 2011 - ArcelorMittal USA has earned the 2011 ENERGY STAR® Award for Sustained Excellence, marking the company's fourth consecutive year of receiving the award.

RG Steel Plans for Restart of Former Severstal Facilities

04 April 2011 - RG Steel completes its stock purchase of three U.S. assets from Severstal US Holdings, LLC. Employees are being recalled to the Sparrows Point facility, with the blast furnace scheduled to become operational in May.