Steel News

Nucor Reports 4th Quarter, Year-End Results

27 January 2010 - Nucor reports consolidated net earnings of $58.9 million on consolidated net sales of $2.94 billion for the fourth quarter and a consolidated net loss of $293.6 million on consolidated net sales of $11.19 billion for the full year 2009.

United States Steel Reports 4th Quarter, Full-Year Results

27 January 2010 - United States Steel Corp. reported a net loss of $267 million on net sales of $3.35 billion for the fourth quarter, and a net loss of $1,401 million on net sales of $11.05 billion for the full year 2009.

Severstal North America to Restart Facilities

26 January 2010 - As part of its North American 2010 operating plan, OAO Severstal plans to restart certain facilities that had been previously idled. Severstal Warren is scheduled to return to service its blast furnace, steelmaking, and hot strip mill facilities late in the first quarter of 2010.

AK Steel Reports 4th Quarter, Full-Year 2009 Results

26 January 2010 - AK Steel reported net income of $39.8 million on net sales of $1,319.9 million for the fourth quarter and a net loss of $74.6 million on net sales of $4,076.8 million for the full year 2009.

U. S. Steel Expands Weathered Metal Series for Architectural Applications

26 January 2010 - In a joint project with Precoat Metals, United States Steel Corp. has launched its Weathered Metal Series, which adds weathered copper and weathered galvanized steel to its offering.

AK Steel Names General Manager for Global Electrical Steel Sales

26 January 2010 - AK Steel has named Lisa A. Vensel General Manager of Electrical Steel Sales, effective on February 1. She will be responsible for the company's global sales of its electrical steel products.

AK Steel Supports Emergency Relief Efforts in Haiti

25 January 2010 - AK Steel donates $100,000 through its foundation to help support emergency relief efforts in Haiti. The company's donation was split equally between Doctors Without Borders and the American Red Cross.

ArcelorMittal Kryvyi Rih Recognized for Environmental Protection

21 January 2010 - ArcelorMittal Kryvyi Rih has been named Environment Protection Leader 2009 within the “Ecology, environment, and nature management Ukraine” national project, for consistently introducing modern environmentally friendly technologies and equipment.

Nucor Foundation Reaches New Milestone in Support of Education

20 January 2010 - Nucor’s Nucor Foundation celebrates a new milestone support of education by awarding $4.4 million in scholarships to nearly 2000 students.

Latrobe Specialty Steel Wins AIST Award for VIM-VAR Expansion

19 January 2010 - The Association for Iron & Steel Technology will present Latrobe Specialty Steel with its 2009 Project Excellence award for the company’s VIM-VAR expansion project.

Kobe Steel Begins Production using ITmk3 Process

18 January 2010 - The world's first commercial plant using Kobe Steel’s ITmk3 process successfully began production of iron nuggets in the United States on January 12. Production is expected to reach the facility's annual design capacity of 500,000 tonnes in mid-2010.

Severstal to Restart Martins Ferry Coating Line

18 January 2010 - Severstal NA recently announced that the Martins Ferry, Ohio, coating line of Severstal Wheeling will return to operation on January 25. The number of recalled employees will vary from week to week based on order entry levels.

Harsco Receives Two Mill Services Contracts in the U.S.

18 January 2010 - Harsco Corp. is the recipient of two multiyear specialty metal processing services contracts, including one at a new operating location for Harsco, worth as much as $70 million over their duration. Both contracts are with specialty metals producer ATI Allegheny Ludlum.

Steel Dynamics Starts Production of Mesabi Nuggets

14 January 2010 - Steel Dynamics produces its first batch of iron nuggets at its Mesabi Nugget facility at Hoyt Lakes, Minn., marking the world's first commercial production of nuggets using the ITmk3 process developed by Kobe Steel Ltd.

AK Steel Increases Price for Carbon Steel Products

13 January 2010 - AK Steel announces an additional $60 per ton increase to spot market prices for carbon steel products immediately for all new orders.

Crucible, Latrobe Specialty Steel Distribution to Partner on CPM Marketing

13 January 2010 - Crucible Industries entered into partnership with Latrobe Specialty Steel Distribution for the sales and marketing of Crucible Particle Metallurgy.

Nucor’s Rutkowski to Retire

12 January 2010 - Nucor Executive Vice President of Business Development Joseph A. Rutkowski will retire at the end of February after 21 years of service with the company. Effective March 1, 2010, R. Joseph Stratman will assume responsibility for business development activities while continuing his role as EVP of Beam and Plate Products.

Gerdau Ameristeel Defers Early Adoption of International Financial Reporting Standards

11 January 2010 - Gerdau Ameristeel will defer early adoption of IFRS until periods beginning on or after January 1, 2010.

Schnitzer Steel Reports Q1 Results

08 January 2010 - Schnitzer Steel Industries reports diluted earnings per share from continuing operations of $0.23 for its fiscal 2010 first quarter ended November 30, 2009. This compares with diluted loss per share from continuing operations of $1.16 during the first quarter of fiscal 2009.

Nucor CEO Recognized by Harvard Business Review

08 January 2010 - Harvard Business Review recognizes Chairman, CEO, and President Dan DiMicco and Nucor's management team in its ranking of "The Best-Performing CEOs in the World" in the January-February 2010 edition.