Steel News

OSHA Issues Citations to AK Steel

07 October 2010 - The U.S. Department of Labor's Occupational Safety and Health Administration (OSHA) has issued AK Steel five willful and three other-than-serious citations for failing to record occupational injuries at its Middletown facility. The company is facing proposed penalties of $53,000.

Severstal Sparrows Point Initiates Renewable Energy Program

06 October 2010 - Severstal North America recently initiated a renewable energy program at its Sparrows Point facility in partnership with Renewable Energy Management of Baltimore, who will construct and operate a renewable energy facility that will produce renewable liquid fuel.

Latrobe Specialty Steel Announces Price Increase

06 October 2010 - Latrobe Specialty Steel will raise prices by an average of 5% on all air-melt grades, including tool steel and high speed steel. The increase takes effect with all new orders received beginning October 5.

AK Steel Announces November 2010 Surcharges

05 October 2010 - AK Steel says it will add a $350 per ton surcharge to invoices for electrical steel products shipped in November 2010.

Standard Rail from Steel Dynamics Approved by U.S. Railroads

05 October 2010 - Standard Strength rail produced at Steel Dynamics, Inc.’s Columbia City, Ind., mill has been tested and approved by four U.S.-based Class I railroads and by Amtrak, the National Railroad Passenger Corp. SDI's Structural & Rail Division has begun rail shipments to Class I railroads.

Essar Steel Algoma, Cliffs Reach Interim Agreement for Iron Ore Supply

04 October 2010 - Essar Steel Algoma reaches an agreement with Cleveland Cliffs setting an interim price commencing October 1, 2010, for the provision of iron ore pellets.

Worthington Reports 1st Quarter Fiscal 2011 Results

30 September 2010 - Worthington Industries, Inc. reported net earnings of $23.3 million on net sales of $616.8 million for its fiscal 2011 first quarter ended August 31, 2010.

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

29 September 2010 - Quad Infotech has started the implementation of its [QMOS] MES system at Gerdau Ameristeel's Sayreville's plant, which will allow Sayreville to coordinate its steelmaking and rolling operations from the scrap yard through to bundling and shipping operations.

Siemens Modernizes Qatar Steelworks

29 September 2010 - Siemens VAI Metals Technologies has won an order to modernize Qatar Steel Co.'s steelworks in Mesaieed, Qatar, with the goal of expanding billet production capacity by up to 30% while reducing specific consumption values and waste gas emissions.

Steel Dynamics to Buy Joist-Making Assets from Commercial Metals

29 September 2010 - Steel Dynamics, Inc. has agreed to acquire from affiliates of Commercial Metals Co. certain facilities and assets of CMC's former steel-joist manufacturing operations. These assets will become a part of SDI's wholly owned subsidiary, New Millennium Building Systems.

AK Steel Marks 100 Years of Research and Innovation

23 September 2010 - AK Steel celebrates this month 100 years of innovation at its research facility in Middletown, Ohio.

Schnitzer Steel Acquires SOS Metals Island Recycling of Maui, Hawaii

23 September 2010 - Schnitzer Steel Industries has acquired substantially all of the assets of SOS Metals Island Recycling of Maui, Hawaii.

Cliffs Announces Asia Pacific Iron Ore Infrastructure Upgrades

22 September 2010 - Cliffs Natural Resources Inc.’s Board of Directors has approved a capital project at its Koolyanobbing Complex in Western Australia that is expected to allow the Complex to produce about 11 million tonnes annually.

United States Steel Kicks Off Annual United Way Campaign

22 September 2010 - United States Steel Corp. kicked off its Pittsburgh-area 2010 United Way employee campaign by hosting its annual Party on the Plaza event on Sept. 21 outside the U. S. Steel Tower. The event is the largest one-day fundraising event for the United Way of Allegheny County.

U.S. Steel Chairman Named to Trade Advisory Committee

21 September 2010 - United States Steel Chairman and CEO John P. Surma has been appointed by President Obama to a two-year term on the Advisory Committee for Trade Policy and Negotiations.

ArcelorMittal Reaffirms Q3 EBITDA Guidance

20 September 2010 - ArcelorMittal Chairman and CEO Lakshmi Mittal reaffirmed at a recent investor day the company’s previously announced EBITDA guidance for the third quarter, between US$2.1 billion and US$2.5 billion.

AK Steel to Increase Stainless Product Prices

20 September 2010 - AK Steel says it will increase transaction prices for specialty flat-rolled stainless steel products in the 200, 300 and 400 series, as well as duplex and precipitation hardening grades.

AK Steel Supports WTO Case against China

17 September 2010 - AK Steel applauds the United States' filing of a complaint against China for violating the rules of the World Trade Organization (WTO) in imposing antidumping and countervailing duties against imports of grain-oriented electrical steel from the United States.

Steel Development, Ansteel Form JV to Build U.S. Mills

17 September 2010 - Steel Development Co., LLC and Anshan Iron and Steel Group Corp. (Ansteel) have executed a Joint Venture Operating Agreement along with partners from the U.S., Italy, Japan, Germany, and Canada to build a steel mill in Mississippi that will produce reinforcing bar and other bar products.

Nucor Selects St. James Parish for Iron Making Facility

16 September 2010 - Nucor Corp. has selected St. James Parish, Louisiana, for the construction of a planned $750 million iron making facility, subject to receipt of all requisite environmental permits. The new facility will be owned and operated by Nucor Steel Louisiana, LLC, a wholly owned indirect subsidiary of Nucor.