Steel News

Three ArcelorMittal Stainless Sites Achieve Zero Accident Milestones

27 July 2009 - ArcelorMittal celebrated the recent achievement of safety milestones by ArcelorMittal Ústí in the Czech Republic, ArcelorMittal Firminy in France, and ArcelorMittal Sersheim in Germany.

Severstal Names New CEO for Severstal International, Severstal NA

24 July 2009 - OAO Severstal announces the appointment of Sergei Kuznetsov as CEO of Severstal International and Severstal North America, replacing Gregory Mason, who will be leaving the company.

Nucor Reports 2nd Quarter, First Half Results

24 July 2009 - Nucor reports a consolidated net loss of $133.3 million on consolidated net sales of $2.48 billion for the second quarter, and a consolidated net loss of $323.0 million on consolidated net sales of $5.13 billion for the first six months of 2009.

ALJ Announces Modifications to KES Senior and Subordinated Debt Terms

23 July 2009 - ALJ Regional Holdings operating subsidiary KES Acquisition amends terms of its senior credit facility and the junior indebtedness evidenced by its 8% subordinated secured notes.

Allegheny Technologies Reports 2nd Quarter Results

23 July 2009 - Allegheny Technologies reports a net loss of $13.4 million (including special charges) on sales of $710.0 million for the second quarter and a net loss of $7.5 million (including special charges) on sales of $1.54 billion for the first six months of 2009.

Steel Dynamics Reports 2nd Quarter 2009 Results

23 July 2009 - Steel Dynamics reports a net loss of $16 million on net sales of $792 million for the second quarter, and a net loss of $104 million on net sales of $1.61 billion for the first six months of 2009.

AK Steel to Make Pension Trust Fund Contribution

22 July 2009 - AK Steel’s board of directors has authorized the company to make a $110-million contribution to its pension trust fund, double the company's $55 million required funding for the balance of 2009.

AK Steel Reports 2nd Quarter Results

22 July 2009 - AK Steel reports a net loss of $47.2 million on net sales of $793.6 million for the second quarter, and a net loss of $120.6 million on sales of $1,715.8 million for the first six months of 2009.

Gerdau Ameristeel to Redeem 10 3/8% Senior Notes due at 2011

20 July 2009 - Gerdau Ameristeel announces its intentions to fully redeem its $405 million 10 3/8% Senior Notes due 2011 on August 31, 2009.

Mesabi Trust Declares No Distribution

20 July 2009 - Trustees of the Mesabi Trust have decided to not distribute any royalty income for the quarter ended July 31, 2009, due in part to a significant decrease in iron ore shipments combined with the extended shutdown of mining operations at Northshore Mining Co.

L.B. Foster to Deliver Gerdau Ameristeel Sheet Piling for New Orleans Flood Walls

20 July 2009 - L.B. Foster will provide steel sheet piling manufactured by Gerdau Ameristeel to the U.S. Army Corps of Engineers for construction of T-wall type flood walls in the New Orleans area.

Worthington Reports 4th Quarter, Full-Year Results

16 July 2009 - Worthington Industries reports a net loss of $13.7 million on net sales of $471.6 million for the quarter and a net loss of $108.2 million on net sales of $2.6 billion for the year ended May 31, 2009.

Arbitrator Orders AK to Keep Ashland Plant Operating

16 July 2009 - An independent arbitrator orders AK Steel to abandon plans to shut down its Ashland, Ky., plant and look instead at cutting production elsewhere.

ALJ Releases 2nd Quarter Revenue Performance

10 July 2009 - ALJ Regional Holdings, the parent company of Kentucky Electric Steel, reported revenues of $19.4 million for the quarter and revenues of $85.9 million for the nine months ended June 30, 2009.

AK Steel to Increase Base Prices for Carbon Steel Products

10 July 2009 - AK Steel says it will increase spot market prices for its carbon steel products effective with all new orders for August and September shipments.

Allegheny Technologies Makes Voluntary Contribution to Pension Plan

10 July 2009 - Allegheny Technologies makes voluntary $350-million cash contribution to the company’s U.S. defined benefit pension plan, significantly improving the plan’s funded position.

Baosteel Moves up to No. 3 Position for 2008 Crude Steel Output

10 July 2009 - Baosteel moves up to the number-three position in World Steel Association’s recently announced ranking of top steel producers for 2008.

Cliffs Natural Resources Provides Update on North American Business Unit

03 July 2009 - Cliffs Natural Resources provides update for its North American Business Unit, including 2009 North American Iron Ore contractual obligations for volume and the company’s expectations for North American Coal sales volumes.

AK Steel Announces August 2009 Surcharges

02 July 2009 - AK Steel will add a $75 per ton surcharge for electrical steel products shipped in August 2009.

Nucor Praises Congressman Arcuri for Voting Against House Cap and Trade Bill

02 July 2009 - Nucor notes its appreciation to U.S. Representative Michael Arcuri (D-NY) for supporting the local manufacturing sector by opposing House Cap and Trade Bill (H.R. 2454), which narrowly passed the House of Representatives this week by a three-vote margin.