Steel News

Cleveland-Cliffs Signs Three Iron Ore Supply Agreements

29 September 2008 - Cleveland-Cliffs signs three new five-year supply agreements from its North American Iron Ore segment.

ThyssenKrupp Steel Makes Additional Investment in Particulates Reduction

26 September 2008 - ThyssenKrupp Steel invests an additional 30 million euros to equip its sinter plant in Duisburg-Schwelgern with additional filters to capture particulates and dust-containing off-gases.

Cleveland-Cliffs’ Babbitt Mine Earns Sentinels of Safety Award

25 September 2008 - Cleveland-Cliffs’ wholly owned Northshore Mining-Babbitt Mine is recognized for outstanding safety performance in 2007 with the industry’s Sentinels of Safety Award in the Large Open Pit category.

Worthington Reports Record 1st Quarter Results

24 September 2008 - Worthington Industries reports net earnings of $68.6 million on net sales of $913.2 million for the three months ended August 31, 2008, the highest quarterly net sales and net earnings in company history.

U. S. Steel, Worthington to Expand Specialty Processing Joint Venture

24 September 2008 - United States Steel and Worthington Industries announce plans to expand and modify their current Worthington Specialty Processing joint venture with the addition of U.S. Steel’s ProCoil steel processing subsidiary and Worthington’s Worthington Steel Taylor subsidiary.

Steel Dynamics Increases Share Repurchase Authorization Again

23 September 2008 - Steel Dynamics’ Board of Directors approves a further increase of 5 million shares to its existing share repurchase program.

Schnitzer Steel Acquires Puerto Rican Metals Recycler

19 September 2008 - Schnitzer Steel Industries signs definitive agreement to acquire Ponce Resources, a Puerto Rican ferrous and nonferrous scrap metal processor.

European Steelmakers, Rio Tinto to Collaborate on Green Ironmaking Process

19 September 2008 - Rio Tinto will collaborate with ULCOS, a consortium of the major European steelmakers, on development of a new environmentally friendly ironmaking process through the Isarna project.

Timken Invests $14 Million in Thermal Treatment Facility

19 September 2008 - Timken invests $14 million in a new thermal treatment facility for the production of heat-treated steel bars and tubes at its steel plant in Canton, Ohio.

EPA to Help Chinese Coal Mines Find Ways to Reduce Greenhouse Gas Emissions

18 September 2008 - The U.S. EPA commits more than $1 million to assess the economic and technical feasibility of recovering and using methane from coal mines in China as part of its Methane to Markets partnership.

Allegheny Technologies Announces Strategic Investment Program

18 September 2008 - Allegheny Technologies announces a new $1.16-billion, four-year strategic investment in its Flat-Rolled Products segment that has been approved by the company’s Board of Directors, but is subject to satisfactory resolution of several open issues.

Allegheny Technologies Comments on Share Repurchases

17 September 2008 - Allegheny Technologies Chairman, President and CEO reports on the company’s purchase of shares in the third quarter through ATI’s share repurchase program.

Cleveland-Cliffs’ Tilden Mine Certified Compliant to ISO 14001

17 September 2008 - Cleveland-Cliffs’ Tilden Mine is certified compliant to the ISO 14001 standard for Environmental Management Systems.

Universal Stainless to Continue Operations at Bridgeville Facility

16 September 2008 - Universal Stainless & Alloy Products agrees with Local 9531 of the United Steelworkers to continue operations at the company's Bridgeville facility while the parties continue negotiations for a new labor agreement.

Nucor Increases Third Quarter Earnings Guidance

16 September 2008 - Nucor increases its third-quarter earnings guidance based on improved performance, strong contributions from acquisitions, and a lower-than-expected LIFO charge prompted by lower scrap prices.

BlueScope Steel Calls for Global Response on Carbon

15 September 2008 - BlueScope Steel calls on Australia’s Federal Government to ensure that its Carbon Pollution Reduction Scheme maintains the continued viability of Australia's iron and steel industry against international competitors.

Timken Product Wins Innovation Award from Brammer

12 September 2008 - European distributor Brammer awards Timken the Innovation of the Year Award for its StatusCheck wireless condition monitoring system.

Cleveland-Cliffs to Make Offer for Outstanding Shares in Portman

11 September 2008 - Cleveland-Cliffs announces its intention to make an off-market takeover offer for all remaining shares in Portman Limited as a last and final cash offer with a price of A$21.50 per Portman Share.

CMC Implements QMOS on South Carolina Rolling Mill

11 September 2008 - CMC-South Carolina becomes the third Commercial Metals rolling mill to implement Quad InfoTech’s QMOS mill operation system.

U. S. Steel Employees Ratify New Collective Bargaining Agreements

11 September 2008 - United Steelworkers-represented employees ratify two new four-year collective bargaining agreements with United States Steel and its U. S. Steel Tubular Products subsidiary.