Steel News

Nucor Awards Tenova HYL Contract for World’s Largest DR Plant

17 February 2011 - Nucor has signed a contract with Tenova HYL for the world’s largest single DR module ever to be constructed. The 2.5 million ton per year, Louisiana-based Energiron ZR plant will supply DR to Nucor’s other steelmaking facilities.

Chinese Boron-Added Plate Held Subject to Antidumping Order

17 February 2011 - The Department of Commerce has issued an affirmative preliminary circumvention ruling determining that Chinese imports of cut-to-length carbon steel plate that include insignificant amounts of boron are subject to the antidumping duty order on CTL plate.

ALJ Announces 1st Quarter Earnings, Repurchase of Preferred Shares

16 February 2011 - ALJ, the parent company of Kentucky Electric Steel, reported net income of $662,510 on net sales of $32.674 million for the fiscal first quarter ended December 31, 2010.

Worthington Industries, Gestamp to Form Wind Tower JV

16 February 2011 - Worthington Energy Group has signed a memorandum of understanding with Gestamp Renewables group to create a 50-50 joint venture that will focus on producing towers for wind turbines being constructed in the North American market.

California Steel Industries Reports Q4, Full Year 2010 Results

11 February 2011 - California Steel Industries reported a net loss of $5.5 million on net sales of $227.9 million for the fourth quarter, and net income of $25.4 million on net sales of $1.08 billion for the year ended December 31, 2010.

Republic Engineered Products Expands Capacity at Lackawanna, Canton

11 February 2011 - Republic Engineered Products announced that its new $20-million precision sizing mill at Lackawanna rolling operation is fully operational. The company also has begun using additional capacity at its Canton FlexCast Facility to produce 9.75- X 7.50-inch blooms.

AK Steel Announces Carbon Steel Price Increase

11 February 2011 - AK Steel announces plans to increase current spot market base prices for all carbon flat-rolled steel products.

Carpenter Technology Announces Columbium Surcharge

10 February 2011 - Carpenter Technology will implement a columbium (Cb / Nb) surcharge effective with shipments beginning March 1, 2011.

Siemens to Supply Manufacturing System, Planning Solution to ArcelorMittal Galati

09 February 2011 - Siemens VAI Metals Technologies concluded a contract with ArcelorMittal to install an integrated Manufacturing Execution System, including production planning and scheduling software, in its Galați plant in Romania.

Cliffs Announces Promotions to Support Global Reorganization

09 February 2011 - Cliffs Natural Resources Inc. has announced a number of global commercial, operating and administrative management promotions in support of the company's previously announced global reorganization.

AISI Welcomes ThyssenKrupp Steel USA as New Member

08 February 2011 - The AISI Board of Directors welcomed ThyssenKrupp Steel USA as a producer member during its quarterly meeting held February 3 in Washington, D.C.

U. S. Steel Announces Management Changes in North America, Europe

04 February 2011 - United States Steel announced several management changes at its North American and European operations, including the appointment of Malisa J. Sommers to the position Managing Director – Transportation and President of Transtar, Inc., U. S. Steel's transportation subsidiary.

Timken to Invest $35 Million at Faircrest Steel Plant

02 February 2011 - Timken has announced plans to invest approximately $35 million to install a high-volume, in-line forge press at its Faircrest rolling mill facility in Canton, Ohio.

Sunoco Reaches Settlement with ArcelorMittal on Coke Pricing Litigation

01 February 2011 - Sunoco says it will move forward with the planned separation of SunCoke Energy now that it has reached an agreement with ArcelorMittal resolving the lawsuit over coke pricing for the Jewell facility.

Nucor Announces New Development in St. James Parish Project

28 January 2011 - The Louisiana Department of Environmental Quality has issued an air quality permit for Nucor Corp.’s direct reduced iron making facility that will be located in St. James Parish, La. The facility could ultimately lead to construction of a coke plant, blast furnace, pellet plant and steel mill.

Nucor Reports 4th Quarter, Full Year 2010 Results

28 January 2011 - Nucor Corp. reported a consolidated net loss of $11.4 million on consolidated net sales of $3.85 billion for the fourth quarter and consolidated net earnings of $134.1 million on consolidated net sales of $15.84 billion for the full year 2010.