Steel News

Volkswagen Honors U.S. Steel as Top Global Supplier

30 June 2009 - United States Steel was the only steel company selected by Volkswagen to receive its ‘Group Award 2009’.

ThyssenKrupp Nirosta Installs Innovative Acid Recovery System at Krefeld Cold Mill

26 June 2009 - ThyssenKrupp Nirosta is ramping up a new, enhanced technology to recycle spent mixed acid from its Krefeld cold rolling mill’s annealing and pickling lines.

Republic Responds to Court Order for Resumption of Shipments to American Axle

25 June 2009 - Responding to a circuit court order to resume steel shipments, Republic says it appreciates the Court’s recognition that Republic is entitled to demand adequate assurance of performance from American Axle.

Commercial Metals Company Reports Third Quarter Loss

24 June 2009 - Commercial Metals Co. reported a net loss of $13.1 million on net sales of $1.3 billion for the quarter and net earnings of $13.6 million on net sales of $5.3 billion for the nine months ended May 31, 2009.

SMS Meer Commissions Three-Roll Precision Block for Timken Bar Mill

23 June 2009 - Timken and SMS Meer jointly commission Timken’s Harrison Steel Plant bar mill, which was recently expanded with a new three-roll precision sizing mill and bar finishing end.

Gerdau Ameristeel Amends Term Loan Covenants

23 June 2009 - Gerdau Ameristeel reaches agreement with lenders for temporary relaxation of the covenants its Term Loan Facility, which currently has US$ 2.6 billion of borrowings outstanding.

Steel Dynamics Expects to Report Small 2nd Quarter Loss

22 June 2009 - Steel Dynamics updates its outlook for the second quarter of 2009, saying that it now expects to report a loss of $0.10 to $0.15 per diluted share, after taking into account the recent issuance of common stock and convertible securities.

AK Steel to Increase Prices for all Carbon and Stainless Steel Products

19 June 2009 - AK Steel announces plans to increase spot market prices for all carbon and stainless flat rolled steel products.

Steel Dynamics Underwriters Exercise Over-Allotment Options

19 June 2009 - Underwriters of Steel Dynamics’ announced offerings  of notes and stocks have exercised their full overallotment options.

Successful Audit Certifies NLMK’s Compliance to ISO 14001-2004

17 June 2009 - Novolipetsk Steel successfully passes the annual certification audit of its Environmental Management System, confirming its compliance with ISO 14001-2004.

Nucor Adjust Second-Quarter Guidance

17 June 2009 - Nucor updates its second-quarter guidance, saying that it now expects to report a smaller-than-expected loss in the range of $0.55 to $0.65 per diluted share, based on increased orders.

New Auto-Steel Partnership Toolkit helps Automakers Boost Fuel Economy with AHSS

16 June 2009 - The Auto/Steel Partnership releases its latest update to the Advanced High-Strength Steel Applications Design and Stamping Process Guidelines, a comprehensive manual designed to help with the specification and application of specific grades of AHSS parts.

Outokumpu Invests in Projects to Combat Climate Change

11 June 2009 - Outokumpu describes winning entries from last year’s competition to combat climate change, and makes plans to invest five million euros in an environmental target addressing climate change.

Pig Caster Commissioned at Nucor’s PIZO Joint Venture

11 June 2009 - Economy Industrial commissions new 20 ton/hour pig caster at PIZO, a joint venture of Heritage Environmental and Nucor.

Universal Stainless Achieves AS 9100 Certification at Bridgeville, Dunkirk

11 June 2009 - Universal Stainless & Alloy Products achieves AS 9100 certification at its primary Bridgeville facility and its Dunkirk Specialty Steel mill.

Worthington Industries Completes Tender Offer for Notes

10 June 2009 - Worthington Industries completes its previously announced cash tender offer for the $138.0 million of its 6.70% Notes due December 1, 2009.

Steel Dynamics Announces Pricing of Stock, Notes

09 June 2009 - Steel Dynamics has priced its public offerings of common stock and 5.125% convertible senior notes due 2014.

Gerdau Ameristeel to Idle Sayreville Plant, Close Perth Amboy Rolling Mill

09 June 2009 - Gerdau Ameristeel is suspending production at its Sayreville, N.J., steel mill and closing its rolling mill in neighboring Perth Amboy, N.J., and has also entered discussions with the USW regarding the potential closure of its Sand Springs, Okla., steel mill.

AK Steel Announces July 2009 Surcharges

05 June 2009 - AK Steel will add a $70-per-ton surcharge to invoices for electrical steel products shipped in July 2009.

Allegheny Technologies Reports Results of Tender Offer

04 June 2009 - Allegheny Technologies announces the final results of its cash tender offer to purchase its outstanding 8.375% Senior Notes due 2011.