Steel News

Acerinox and Nisshin Steel to Build Stainless Mill in Malaysia

07 March 2008 - Long-time venture partners Acerinox SA and Nisshin Steel announce they will build a new integrated stainless steel production plant in Malaysia.

Worthington Expands Presence In Mexico

06 March 2008 - Worthington Industries joint venture, TWB, will now include ThyssenKrupp Tailored Blanks SA de CV, ThyssenKrupp Steel’s Mexican subsidiary.

AK Steel Announces Carbon Steel Price Increase

06 March 2008 - AK Steel will increase spot market prices for carbon steel products by $70 per ton for all new orders accepted for shipment May 1, 2008 and later.

AK Steel Announces April 2008 Surcharges

05 March 2008 - AK Steel will add a $375 per ton surcharge to invoices for electrical steel products shipped in April 2008.

Cleveland-Cliffs Terminates Negotiations for Sale of Wabush Mines

05 March 2008 - Cleveland-Cliffs terminates negotiations to sell its 26.8% interest in the Wabush Mines joint venture to ArcelorMittal Dofasco.

Fortune Magazine List Ranks AK Steel as One of Americas Most Admired Companies

05 March 2008 - AK Steel has been named to Fortune magazine's 2008 listing of America's Most Admired Companies, earning top marks for quality of products/services and the use of corporate assets.

ArcelorMittal Dofasco Clarifies Position on Wabush Mines Sale

05 March 2008 - ArcelorMittal Dofasco expresses ‘strong exception’ to news releases issued by U.S. Steel Canada and Cleveland-Cliffs regarding their desire to withdraw from the sale of their respective interests in the Wabush Mines joint venture.

Steel Dynamics Announces Two-for-One Stock Split

05 March 2008 - The Steel Dynamics board of directors approves a two-for-one split of the company's common stock as well as a 33% increase in the company's quarterly cash dividend.

Severstal North America and SeverCorr Announce New CFO

05 March 2008 - Severstal North America and SeverCorr announce the appointment of Mark J. Yost as Chief Financial Officer.

Nucor Completes Acquisition of The David J. Joseph Company

04 March 2008 - Nucor completes its acquisition of SHV North America—the owner of 100% of The David J. Joseph Co.—for a purchase price of approximately $1.44 billion.

PSI Solution to Support Dofasco’s Slab Yard Logistics

04 March 2008 - PSI will develop and deliver a management system for slab yard logistics at Dofasco’s facility in Hamilton, Ont.

Mercury Switch Recovery Program Collects One Millionth Auto Switch

03 March 2008 - The National Vehicle Mercury Switch Recovery Program and its partners celebrate a milestone with the collection of the one millionth mercury auto switch.

United Spiral Pipe Breaks Ground for New Facility

03 March 2008 - United Spiral Pipe—a joint venture of United States Steel, Posco, and SeAH Steel—breaks ground for a new state-of-the-art spiral welded pipe manufacturing facility in Pittsburg, Calif.

U. S. Steel Names General Manager of Granite City Works

29 February 2008 - United States Steel appoints Sharon K. Owen as General Manager of Granite City Works in Granite City, Ill.

U. S. Steel Names General Manager for Great Lakes Works

29 February 2008 - As part of a wave of personnel moves across the United States Steel organization, the company has appointed David J. Rintoul as General Manager of Great Lakes Works in Ecorse and River Rouge, Mich.

U. S. Steel Announces Management Changes at Mon Valley Works

28 February 2008 - United States Steel announced the appointment of Lisa A. Roudabush as General Manager of Mon Valley Works and Mark G. Tabler as Plant Manager of the Clairton Plant.

U. S. Steel Announces Management Changes at Gary Works

28 February 2008 - United States Steel announces management changes at Gary Works, including the appointment of Frederick G. Jauss as General Manager, Ralph Corrente as Plant Manager—Primary Operations, and David L. Armstrong as Plant Manager—Midwest Plant.

U. S. Steel Announces Key Executive Changes in U.S., Europe

28 February 2008 - United States Steel announces a series of management changes affecting the entire corporation, including the return of David H. Lohr to company headquarters to fill the new position of Senior Vice President — North American Flat-Roll Operations.

Timken Acquisition Expands Growing Steel Energy Portfolio

26 February 2008 - Timken completes its acquisition of the assets of Boring Specialties, a leading provider of a wide range of precision deep-hole oil and gas drilling and extraction products and services.

Cleveland-Cliffs Reports Year-End 2007 Results

26 February 2008 - Cleveland-Cliffs reports net income of $93.7 million on consolidated revenues of $782.5 million for the fourth quarter, and net income of $270.0 million on record revenues of $2.28 billion for the full year ended December 31, 2007.