Steel News

Massey Energy Says it will Continue to Challenge Verdict in Wheeling-Pitt Dispute

27 May 2008 - Massey Energy says it will continue to challenge a $220 million jury verdict rendered in 2007 for the contract dispute between Massey subsidiary Central West Virginia Energy Co. and Wheeling-Pittsburgh Steel Corp.

Court Denies Massey Energy’s Request for Appeal in Wheeling-Pittsburg Dispute

27 May 2008 - The West Virginia Supreme Court of Appeals denies the request for appeal from Massey Energy and its Central West Virginia Energy subsidiary regarding the judgment entered against them in favor of Esmark’s subsidiary Wheeling-Pittsburgh Steel and its coke plant joint venture and co-plaintiff Mountain State Carbon.

Nucor Prices Common Stock Offering

23 May 2008 - Nucor prices its public offering of 25 million shares of its common stock at $74.00 per share.

ArcelorMittal Completes Consent Solicitation

23 May 2008 - ArcelorMittal announces the successful completion of its consent solicitation for several proposed amendments by its indirect wholly owned subsidiary, ArcelorMittal Financial Services LLC.

USW Reiterates Support for Severstal’s Purchase of Esmark

22 May 2008 - The United Steelworkers reconfirms its strong support for OAO Severstal's proposal to acquire all outstanding shares of Esmark common stock.

Severstal Makes Competing Bid to Acquire Esmark

21 May 2008 - OAO Severstal makes a proposal to the Esmark Board of Directors to acquire all of the company’s outstanding shares of common stock for $17.00 per share in cash.

Air Products to Build New Air Separation Unit, Liquefier at Lake Erie Works

21 May 2008 - Air Products Canada signs a new long-term supply contract with U. S. Steel Canada for its Lake Erie Works that includes provision for construction of a new air separation unit with a high-efficiency liquefier facility.

AK Tube’s Walbridge Plant Honored for Safety Performance

21 May 2008 - AK Tube’s Walbridge, Ohio, plant is honored for its safety performance – including zero lost-time injuries in 2007 - with two awards from the Ohio Bureau of Workers' Compensation, division of Safety and Hygiene.

Esmark Responds to USW Statements on Collective Bargaining Agreement Provisions

21 May 2008 - Esmark responds to the position taken last week by the United Steelworkers regarding the proposed tender offer and subsequent merger with Essar Steel Holdings Limited.

Nucor Launches Common Stock Offering

20 May 2008 - Nucor commences public offering of 25,000,000 shares of common stock, and grants underwriters an option to purchase up to an additional 3,750,000 shares at the public offering price, less the underwriting commission, within 30 days following the closing date.

Talley Metals to Raise Prices on Stainless Grades

20 May 2008 - Talley Metals will increase base prices approximately 3% on all stainless products beginning July 1, 2008 for all shipments.

Cliffs Joins Climate Registry as a Founding Reporter

20 May 2008 - Cleveland-Cliffs joins The Climate Registry, a non-profit organization established to measure and publicly report greenhouse gas emissions.

Universal Stainless, Carpenter Technology to Increase Stainless and Alloy Prices

19 May 2008 - Universal Stainless and Carpenter Technology announce base price increases on a range of stainless, HSLA, and premium melted alloy products.

Nucor Announces President for Nucor Europe

19 May 2008 - Nucor announces the promotion of Rex Query to the position of President of Nucor Europe, following the company’s recent announcement of major European investments with Duferco Steel and Sidenor.

USW Says Esmark-Essar Agreements are a Violation of Labor Contract

19 May 2008 - The United Steelworkers asserts that Esmark’s agreements with Essar Steel Holdings are in direct violation of its collective bargaining agreement with the union.

OAO Severstal to Purchase WCI Steel

19 May 2008 - OAO Severstal reaches a binding agreement to acquire the outstanding equity of Warren, Ohio, based WCI Steel for a total cash consideration of US$140 million, or about $3.29 per share.

Nucor Getting Closer to Site Selection for $2-Billion Ironmaking Facility

16 May 2008 - Nucor applies for a permit to build a state-of-the-art iron-making facility in Louisiana that would produce 3 million tons/year of iron as well as power beyond its own needs through the capture and use of excess energy at the blast furnace and heat-recovery coke plant.