Steel News

U. S. Steel Reports 4th Quarter, Full-Year 2008 Results

28 January 2009 - United States Steel reports net income of $308 million on net sales of $4,565 million for the fourth quarter, and net income of $2,130 million on net sales of $23.817 billion for the full year 2008.

Steel Dynamics Reports 4th-Quarter Loss, Full-Year Income

27 January 2009 - Steel Dynamics reports a net loss of $83 million on net sales of $1.2 billion for the fourth quarter, and record net income of $463 million on record net sales of $8.1 billion for the full year of 2008.

Timken to Supply Steel Bars to Mexican Aerospace Manufacturer

22 January 2009 - Timken will supply hot-rolled steel bars to Frisa Aerospace, a manufacturer of seamless rolled rings for applications in the aerospace, chemical and energy industries.

Allegheny Technologies Reports Full Year 2008 Results

22 January 2009 - Allegheny Technologies Inc. reported net income of $110.9 million on sales of $1.11 billion for the fourth quarter, and net income of $565.9 million on sales of $5.31 billion for the full year 2008.

Republic Relocates Cold Finished Division Headquarters

20 January 2009 - Republic Engineered Products relocates its Cold Finished Bar Products headquarters to its Massillon, Ohio, manufacturing facility, the largest of the Cold Finished Division’s three locations.

Mesabi Trust Declares Distribution

19 January 2009 - Trustees of the Mesabi Trust declare a distribution of eleven cents per Unit of Beneficial Interest for the fourth quarter of 2008, which compares to a distribution of fifty-one and one-half cents per Unit for the same period last year.

Allegheny Technologies Announces Management Changes

19 January 2009 - Allegheny Technologies announces the appointment of Carl R. Moulton to the position of Vice President, International, as well as the departure from the company of Douglas A. Kittenbrink, Executive Vice President, Corporate Planning and International Business Development, effective March 1, 2009.

ALJ Releases First Quarter Revenue Performance

15 January 2009 - ALJ, the parent company of Kentucky Electric Steel, reports revenues of $40.0 million for the three months ended December 31, 2008.

Steel Industry Reaches New Milestone in Energy Efficiency

15 January 2009 - AISI reports the U.S. steel industry has reduced its energy intensity per ton of steel shipped by approximately 33% since 1990, representing a new industry milestone in energy efficiency.

Timken Named to Forbes Platinum 400 List

14 January 2009 - Timken is named to this year’s Forbes Platinum 400, the magazine’s 11th compilation of the list and Timken’s fourth time to be included on it.

USW Members Ratify New Labor Agreement at AK Tube

13 January 2009 - Members of United Steelworkers of America Local 1915 ratify a new labor agreement with AK Tube LLC covering hourly production and maintenance workers at the company’s Walbridge, Ohio, facility.

Schnitzer Steel Reports 1st Quarter Results

12 January 2009 - Schnitzer Steel Industries reports a net loss of $34 million on revenues of $499 million for the fiscal 2009 first quarter ended November 30, 2008.

California Steel Announces Organizational Change

12 January 2009 - California Steel Industries announces the departure of its Vice President, Commercial.

AISI Elects AK Steel’s Wainscott as New Chairman

12 January 2009 - The American Iron and Steel Institute Board of Directors elects AK Steel Chairman, President and CEO James L. Wainscottto serve as Chairman of AISI following the resignation of Steel Dynamics from the Institute. 

Severstal North America to Continue Temporary Workforce Reductions

09 January 2009 - Under pressure from declining customer orders and an ongoing commitment to minimize operating costs, Severstal North America says it will continue its temporary voluntary and involuntary layoff program.

Falling Orders Prompt Salaried Workforce Layoffs at AK Steel

09 January 2009 - AK Steel will implement a salaried workforce layoff plan that it said will likely affect salaried employees in all of the company’s plants and offices.

Russula to Provide Water Treatment Plant for Ahmsa Steckel Mill, Reheat Furnace

07 January 2009 - Russula will supply a complete new water treatment plant for Altos Hornos de Mexico’s Project Fenix Steckel Mill and reheat furnace.

AK Steel Announces February 2009 Surcharges

06 January 2009 - AK Steel will add a $165 per ton surcharge to invoices for electrical steel products shipped in February 2009.

U. S. Steel Tubular to Exit DOM Tubular Products Business

06 January 2009 - United States Steel subsidiary U. S. Steel Tubular Products announces plans to close the drawn-over-mandrel lines at its Texas Operations Division and exit the DOM tubular products business.

Ruukki Service Center Fire Not Expected to Result in Delivery Delays

06 January 2009 - Rautaruukki does not expect the recent fire at its Hyvinkää, Finland, steel service centre to cause any significant disruptions to deliveries.