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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
Allegheny Technologies Reports 2nd Quarter Results
24 July 2008 - Allegheny Technologies reports net income of $168.9 million on sales of $1.46 billion for the second quarter, and net income of $310.9 million on sales of $2.80 billion for the first six months of 2008.
AK Steel to Make Early Contribution to Pension Trust Fund
24 July 2008 - AK Steel will make an early $75-million contribution to its pension trust fund.
AK Steel Project to Further Expand Electrical Steel Production
23 July 2008 - AK Steel’s board approves an additional $21-million capital investment to further expand the company's production capabilities for high value-added, grain-oriented electrical steels.
Nucor Chief to Support U.S. Manufacturing Council
23 July 2008 - Nucor Chairman, President and CEO Dan DiMicco is named to the U.S. Manufacturing Council.
Acquisitions Boost Steel Dynamics Sales, Earnings
23 July 2008 - Boosted by its recent acquisitions (The Techs, OmniSource, and Recycle South), Steel Dynamics reports net income of $210 million on net sales of $2.4 billion for the second quarter, and net income of $353 million on net sales of $4.3 billion for the first half of 2008.
AK Steel Reports 2nd Quarter Income
23 July 2008 - AK Steel reports net income of $145.2 million on record net sales of $2,236.6 million for the second quarter, and net income of $246.3 million on record sales of $4,028.0 million for the first six months of 2008.
Timken Raises 2nd-Quarter, Full-Year Earnings Estimates
22 July 2008 - The Timken Co. is raising its estimate for second-quarter 2008 earnings to approximately $0.92 per diluted share, a solid improvement over the company’s previous earnings estimates.
Latrobe Specialty Steel Announces End of Labor Dispute
22 July 2008 - Latrobe Specialty Steel welcomes the news that United Steelworkers Local 1537 has approved the recently negotiated collective bargaining agreement, bringing an end to the ongoing twelve-week work stoppage.
Mesabi Trust Declares Distribution
21 July 2008 - Trustees of Mesabi Trust declare a distribution of one dollar per Unit of Beneficial Interest for the second quarter, which compares to a distribution of thirty-one cents per Unit for the same period last year.
Gerdau Ameristeel Adds New Member to Board
21 July 2008 - Gerdau Ameristeel appoints former Cummins Vice President Rick J. Mills to its Board of Directors.
PSI to Supply Manufacturing System for ArcelorMittal Dofasco
21 July 2008 - Dofasco contracts PSI to supply a complete manufacturing execution system for all production areas, from hot rolling to finishing, at its Hamilton, Ont., facility.
Severstal Extends Tender Offer for Esmark Shares
21 July 2008 - OAO Severstal extends the expiration for its tender offer to purchase outstanding shares of Esmark to Monday, August 4, 2008.
Nucor Reports Record 2nd Quarter, Six-Month Results
18 July 2008 - Nucor announces record consolidated net earnings of $580.8 million on record consolidated net sales of $7.09 billion for the second quarter, and record consolidated net earnings of $990.5 million on record consolidated net sales of $12.06 billion for the first half of 2008.
Cleveland-Cliffs and Alpha Natural Resources to Merge
17 July 2008 - Cleveland-Cliffs and Alpha Natural Resources announce a definitive merger agreement in which Cleveland-Cliffs will acquire all outstanding shares of Alpha in a cash and stock transaction valued at approximately $10 billion.
AK Steel to Increase Carbon Steel Prices
16 July 2008 - AK Steel will increase spot market prices for its carbon steel products by $50 per ton effective with new orders scheduled for delivery on September 1, 2008 and later.
CMC to Expand Rebar Fabrication with Acquisition of RPS and Affiliates
16 July 2008 - Commercial Metals enters agreement to purchase the operating assets of Reinforcing Post-Tensioning Services, Regional Steel Corp., and RPS Cable Corp., based in Claremont, Calif.
California Steel Reports 2nd Quarter Results
16 July 2008 - California Steel reports net income of $44.2 million on sales revenues of $431.1 million for the second quarter, and net income of $53.8 million on sales revenues of $800.3 million for the six months ended June 30, 2008.
Allegheny Technologies Raises 2nd Quarter Expectations
15 July 2008 - Allegheny Technologies raises its earning expectations for the second quarter of 2008 into the range of $1.65 to $1.67 per share, including a $0.11 per share one-time net tax benefit.
Cleveland-Cliffs Acquires Remaining Interest in United Taconite
15 July 2008 - Cleveland-Cliffs Inc has acquired United Mining's 30% interest in United Taconite, making it the sole owner of the Eveleth, Minn., iron ore mining and pelletizing operation.
CMC Board Names McClean Chairman
14 July 2008 - The Commercial Metals Co. Board of Directors elects Murray R. McClean as Chairman of the Board in addition to his ongoing responsibilities as President and Chief Executive Officer.
