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Producers
The latest news on the companies producing steel or raw materials used in the iron- and steelmaking process.
Latest News
Carpenter Technology Reports First Quarter Results
29 October 2008 - Carpenter Technology reported net income of $25.8 million on net sales of $413.7 million for the fiscal first quarter ended September 30, 2008.
Schnitzer Steel Reports Record 4th Quarter, Annual Results
29 October 2008 - Schnitzer Steel Industries reported record net income of $126 million on record revenues of $1.3 billion for the fiscal fourth quarter and record net income of $249 million on revenues of $3.6 billion for the year ended August 31, 2008.
Cliffs to Idle Three Iron Ore Pellet Furnaces
29 October 2008 - Cliffs Natural Resources is initiating production curtailments on two small pellet furnaces at Northshore Mining and on a small pellet furnace at United Taconite, two of the company’s six North American iron ore mines.
U. S. Steel Reports Record 3rd Quarter Results
29 October 2008 - United States Steel reports net income of $919 million on net sales of $7.3 billion for the third quarter, and net income of $1.82 billion on net sales of $19.3 billion for the nine months ended September 30, 2008.
Timken Reports Record Third-Quarter Earnings
28 October 2008 - Timken reports income from continuing operations of $130.4 million on record third-quarter sales of $1.48 billion for the third quarter, and net income of $303.8 million on sales of $4.45 billion for the first nine months of 2008.
Gerdau Ameristeel Announces Acquisition of Metro Recycling
28 October 2008 - Gerdau Ameristeel announces its acquisition of Metro Recycling, a scrap processor headquartered in Guelph, Ont.
Severstal Resources Reports Results of Takeover Bid
27 October 2008 - Severstal Resources’ offer to purchase the outstanding common shares of PBS Coals Limited expired last Friday, October 24, 2008.
Cliffs Updates 2008 Full-Year Outlook
24 October 2008 - Cliffs Natural Resources updates its 2008 full-year outlook in conjunction with a definitive joint proxy statement/prospectus for the company’s proposed merger with Alpha Natural Resources.
GE Provides $200-Million Asset-Based Loan to Severstal Warren
24 October 2008 - GE Commercial Finance Corporate Lending provides a $200-million asset-based credit facility to Severstal Warren for ongoing working capital needs.
Universal Stainless Reports 3rd Quarter Results
24 October 2008 - Universal Stainless & Alloy Products reports net income of $2.7 million on sales of $57.6 million for the third quarter, and net income of $12.7 million on sales of $178.0 million for the first nine months of 2008.
Worthington Industries Announces Layoffs, Facility Closings
24 October 2008 - Worthington Industries will reduce its workforce by nearly 300 through a combination of layoffs and closure of the company’s Louisville steel processing facility and its Renton, Wash., metal framing facility.
Allegheny Technologies Reports Third Quarter Results
23 October 2008 - Allegheny Technologies Inc. reported net income of $144.1 million on sales of $1.39 billion for the third quarter, and net income of $455.0 million on sales of $4.20 billion for the nine months ended September 30, 2008.
Steelworkers Ratify Four-Year Contract with ArcelorMittal
22 October 2008 - Members of the United Steelworkers overwhelmingly ratify a new four-year contract with ArcelorMittal in a mail-in secret ballot vote that concluded Tuesday.
AK Steel Reports Record 3rd Quarter Net Income
22 October 2008 - AK Steel reports record quarterly net income of $188.3 million on net sales of $2,157.6 million for the third quarter, and record net income of $434.6 million on record sales of $6,185.6 million for the first nine months of 2008.
Nucor Reports Record 3rd Quarter Results
17 October 2008 - Nucor reports record consolidated net earnings of $734.6 million on record consolidated net sales of $7.45 billion for the third quarter, and record consolidated net earnings of $1.73 billion on record consolidated net sales of $19.51 billion for the first nine months of 2008.
Cleveland-Cliffs Is Now Cliffs Natural Resources
16 October 2008 - Cleveland-Cliffs officially changes its name to Cliffs Natural Resources, and formally adopts ‘Cliffs,’ the one-word name by which it is commonly known.
GE Corporate Lending Increases Project Financing for Severstal Columbus
16 October 2008 - GE Commercial Finance Corporate Lending increases senior secured financing for Severstal Columbus, formerly known as SeverCorr, by $100 million.
Steel Dynamics Reports Strong Third Quarter Results
16 October 2008 - Steel Dynamics reports net income of $193 million on net sales of $2.6 billion for the third quarter, and record net income of $546 million on record net sales of $6.9 billion for the first nine months of 2008.
Cleveland-Cliffs Adopts Shareholder Rights Plan
15 October 2008 - Cleveland-Cliffs directors adopt a shareholder rights plan intended to protect the company and its shareholders from potentially coercive takeover practices or takeover bids.
Worthington Industries Announces New President
14 October 2008 - Worthington Industries appoints George P. Stoe as President, in addition to his current duties as Chief Operating Officer.
