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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
Parsytec to Supply 2nd Surface Inspection System for SeverStal NA
07 May 2008 - Parsytec AG will supply a second hot mill surface inspection system for SeverStal North America’s facility in Dearborn, Mich.
AK Steel Announces June 2008 Surcharges for Electrical Steels
07 May 2008 - AK Steel will add a $640 per ton surcharge to invoices for electrical steel products shipped in June 2008.
Esmark Receives Financing Package from Essar Steel Holdings
07 May 2008 - Essar Steel Holdings completes a new $31 million term loan facility to its wholly owned subsidiary Esmark Steel Services Group and refinancing of the existing $79 million Government guaranteed Wheeling-Pittsburgh Steel term loan.
ThyssenKrupp Steel USA Announces New Communications Director for Calvert Facility
06 May 2008 - ThyssenKrupp Stainless USA announces the appointment of Mary Mullins as Director of Communications, covering the stainless steel segment of the company’s new carbon steel and stainless steel facility in Calvert, Ala.
Kentucky Electric Steel Reaches Labor Accord
06 May 2008 - United Steelworkers Local 7054 and Kentucky Electric Steel reach agreement on a new five-year labor contract.
Cleveland-Cliffs Inc Reports 1st Quarter Results
06 May 2008 - Cleveland-Cliffs reports 2008 net income of $16.7 million on record consolidated revenues of $494.4 million for the quarter ended March 31, 2008.
U. S. Steel Breaks Ground on Heat Recovery Coke Plant at Granite City
06 May 2008 - United States Steel and SunCoke Energy break ground on a $570 million joint capital investment program to construct a new state-of-the-art 650,000 ton/year coke facility adjacent to U. S. Steel’s Granite City Works.
ArcelorMittal Realigns Flat Carbon Americas and USA Management Teams
05 May 2008 - ArcelorMittal announces sweeping changes to its Flat Carbon Americas (FCA) management team, with Leonard Chuderewicz assuming the role of Vice President Operations, Flat Carbon Americas; and incoming AIST President Andrew Harshaw assuming the role of Chief Operating Officer, ArcelorMittal USA.
Conversion Rights Triggered on Gerdau Macsteel Convertible Debentures
05 May 2008 - Gerdau Macsteel's 2.50% Convertible Senior Debentures due May 15, 2034, are convertible by holders effective May 1, 2008.
Universal Stainless Increases Tool Steel Base Price
05 May 2008 - Universal Stainless & Alloy will increase base price by 5 to 7% for all tool steel products manufactured at its Bridgeville and Dunkirk facilities.
AK Steel to Increase Carbon Steel Prices
05 May 2008 - AK Steel will increase spot market prices for its carbon steel products by $75 per ton for all new orders, effective immediately.
Worthington Industries President and CFO to Retire
05 May 2008 - Worthington Industries President and CFO John Christie requests early retirement, but will stay with the company through the end of July to permit an orderly close of the company’s yearly financial statements and a smooth transition to a new CFO.
Timken to Increase Prices on SBQ Products
02 May 2008 - Timken will increase base prices on hot-rolled, cold-finished and thermal-treated special bar quality products, effective with shipments beginning July 1.
Esmark Announces Year-End Results
01 May 2008 - Esmark reports a net loss of $12.3 million on net sales of $313.4 million for the fourth quarter, and a net loss of $9.0 million on net sales of $825.6 million for the year ended December 31, 2007.
Timken Reports Record 1st Quarter Results
01 May 2008 - Timken reports net income of $84.5 million on sales of $1.43 billion for the first quarter of 2008.
Esmark Agrees to Merge with Essar Steel
01 May 2008 - Esmark agrees to the material terms of a proposed tender offer and merger with Essar Steel Holdings Limited for a cash purchase price of $17.00 per share.
CMC Acquires Assets of Rebar Services and Supply Company
30 April 2008 - Commercial Metals Co. completes its acquisition of the operating assets of Rebar Services and Supply Co. of Fort Worth, Texas.
Carpenter Technology Reports 3rd Quarter Results
30 April 2008 - Carpenter Technology reports net income of $120.0 million ($50.8 million from continuing operations) on sales of $509.8 million for the fiscal third quarter ended March 31, 2008.
U.S. Steel Reports 1st Quarter Results
30 April 2008 - United States Steel reports net income of $235 million on net sales of $5196 million for the first quarter of 2008.
AK Steel Employees Compete for the Health of it
29 April 2008 - Employees at AK Steel's Middletown Works complete a voluntary weight-loss program designed to promote healthy lifestyles.
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