Steel News

Severstal Confirms Fatality at Sparrows Point

04 September 2008 - Severstal confirms that an industrial incident on Wednesday at its Sparrows Point facility resulted in one fatality.

Steelworkers Reach Tentative Agreement with Cleveland Cliffs

03 September 2008 - United Steelworkers (USW) has reached a new tentative four-year agreement with Cleveland Cliffs covering employees at the company’s Hibbing Taconite, United Taconite, Empire, and Tilden facilities.

Timken to Provide Repair Services for Sparrows Point

03 September 2008 - Timken will provide industrial services to OAO Severstal’s Sparrows Point facility, including the performance of bearing, chock, and roll repairs as well as other lifecycle services.

Universal Stainless Reports Bridgeville Contract Continuance

03 September 2008 - Universal Stainless & Alloy Products and Local 9531 of the United Steelworkers agree to a two-week continuance of the collective bargaining agreement covering hourly employees at the company's Bridgeville facility.

Samuel Manu-Tech Completes Sale of Nanticoke Pickling Assets

02 September 2008 - Samuel Manu-Tech completes the sale of its Nanticoke, Ont., steel pickling operations to U.S. Steel Canada for $37.5 million.

CMC Completes Acquisition of Reinforcing Post-Tensioning Services

02 September 2008 - Commercial Metals completes its acquisition of Claremont, Calif., based Reinforcing Post-Tensioning Services, Inc., Regional Steel Corp., and RPS Cable Corp.

Cliffs, USW Reach Tentative Agreement for Michigan, Minnesota Mining Operations

02 September 2008 - Cleveland-Cliffs reaches tentative agreement with the United Steelworkers on a new four-year labor contract at its Empire and Tilden Mines in Michigan, and its United Taconite and Hibbing mines in Minnesota.

U. S. Steel Canada Acquires Pickle Line Assets in Nanticoke

02 September 2008 - U. S. Steel Canada completes its acquisition of three pickle lines adjacent to its Lake Erie Works from Nelson Steel, a division of Samuel Manu-Tech Inc.

Steelworkers Reach Tentative Agreement with ArcelorMittal

02 September 2008 - The United Steelworkers union reaches tentative agreement on a new, four-year contract with ArcelorMittal USA.

AK Steel and USW Reach Early Labor Agreement at Ashland

29 August 2008 - Members of USW Local 8-523 ratify a new three-year labor agreement covering employees at AK Steel's Ashland, Ky., coke plant.

ArcelorMittal Steelworkers Grant Strike Authorization

29 August 2008 - Union members at ArcelorMittal facilities throughout the country vote to give their Bargaining Committee the authority to call a strike against the company should that become necessary, as the Sep. 1 contract expiration nears.

Nucor Acquires American Compressed Steel

28 August 2008 - Nucor’s David J. Joseph subsidiary completes its acquisition of the American Compressed Steel operations of Secondary Resources, Inc.

Steel Dynamics Increases Share Repurchase Authorization

27 August 2008 - The Steel Dynamics Board of Directors approves a further increase of 10 million shares to the company’s existing share repurchase program.

Nucor Subsidiary Acquires Ambassador Steel

27 August 2008 - Nucor subsidiary Harris Steel completes its acquisition of Auburn, Ind., based Ambassador Steel for a cash purchase price of approximately $185 million.

Nucor to Restart Kingman Bar Mill

27 August 2008 - Nucor announces plans to restart steel bar production at its previously idled rolling mill in Kingman, Ariz.

Increase to Special Litigation Reserve Leads to Updated 2008 Results for Carpenter

26 August 2008 - Carpenter Technology reports an increase in its previously reported special litigation reserve due to a recent trial court decision related to alleged disposal of manufacturing wastes in 1973-74.

FTC Grants Early Termination of Waiting Period for Cliffs-Alpha Merger

26 August 2008 - The Federal Trade Commission grants Cleveland-Cliffs and Alpha Natural Resources early termination of the waiting period under the Hart-Scott-Rodino Act for their proposed merger.

OSHA Cites Deshler Foundry for Workplace Safety and Health Violations

19 August 2008 - OSHA proposes $114,000 in fines against Cast Metals Inc. of Deshler, Ohio, for an alleged willful violation and multiple serious violations of federal workplace safety standards.

New ArcelorMittal Ostrava Workers Don Orange Hardhats for Safety

19 August 2008 - ArcelorMittal Ostrava introduces a new safety measure that will allow quick and easy identification of new employees, who will be wearing orange helmets.

Evraz NA Secures US$725 Million of Bank Financing

18 August 2008 - Evraz Group closes a five-year revolving credit facility and a five-year term loan facility for its North American division, Evraz NA.