Steel News

Carpenter Acquires UltraFine Powder Technology

31 March 2008 - Carpenter Technology’s Carpenter Powdered Products subsidiary acquires the assets and business of UltraFine Powder Technology, a private company in Woonsocket, R.I.

U. S. Steel Canada Appoints General Counsel, Manager of Government and Public Affairs

28 March 2008 - U. S. Steel Canada announces the appointment of Thomas Ferns as General Counsel and Corporate Secretary, as well as the appointment of Trevor Harris as Manager—Government and Public Affairs.

Steelworkers will ‘Keep the Door Open’ for Dofasco Employees

28 March 2008 - The United Steelworkers says it is stepping back from the process it initiated with ArcelorMittal Dofasco due to insufficient support from employees.

Steel Dynamics to Offer $300 Million in Notes

28 March 2008 - Steel Dynamics announces plans to sell approximately $300 million in aggregate principal amount of debt securities in a transaction that would be exempt from the Securities Act of 1933, but would be subject to market and other conditions.

ArcelorMittal Confirms Proposed Sale of Sparrows Point

27 March 2008 - ArcelorMittal confirms the Court-appointed divestiture trustee has entered into an agreement to sell ArcelorMittal's Sparrows Point steel mill.

NSA Honors Tube City IMS Operations for Safety Performance

27 March 2008 - Several Tube City IMS sites receive a total of 35 Safety and Industry Best Practices awards from the National Slag Association in recognition of superior performance as measured against OSHA recordable injury rates.

ArcelorMittal Announces Closure of Lachine Wire Mill in Montreal

27 March 2008 - ArcelorMittal announces that its Long Carbon North America–Wire Group will close down its Lachine wire mill in Montreal on June 30.

CMC Reports 2nd Quarter Results

26 March 2008 - Commercial Metals reports net earnings of $39.8 million on net sales of $2.3 billion for the quarter, and net earnings of $108.9 million on net sales of $4.4 billion for the six months ended February 29, 2008.

John Deere Honors Worthington Steel as a Partner-Level Supplier

25 March 2008 - Deere recognizes Worthington Steel as a Partner-level supplier for 2007, the company’s highest supplier rating.

AK Steel Announces Additional Carbon Steel Price Increase

25 March 2008 - AK Steel will increase spot market prices by $50 per ton for its carbon steel products, effective immediately for all new orders.

Timken Reports Changes to Growth and Innovation Leadership Team

25 March 2008 - Timken announces a reorganization of its innovation and growth group that the company says will help streamline the strategic planning and innovation processes.

AK Steel Board Okays Long-Term Agreement with Sun Coke

25 March 2008 - AK Steel’s board of directors approves a 20-year supply contract with SunCoke Energy to provide metallurgical-grade coke and electrical power from a new facility to be built adjacent to AK Steel's Middletown Works.

Worthington Reports Third Quarter Results

24 March 2008 - Worthington Industries reports net earnings of $18.3 million on net sales of $725.7 million for the third quarter, and net earnings of $53.2 million on net sales of $2,198.3 million for the nine months ended February 29, 2008.

Cleveland-Cliffs Comments on United Taconite Accident Report

24 March 2008 - Cleveland-Cliffs comments on a U.S. Mine Safety and Health Administration report regarding an April 2007 accident that resulted in the death of a United Taconite miner.

SeverStal to Acquire Sparrows Point

24 March 2008 - OAO SeverStal reaches agreement to purchase the Sparrows Point facility from ArcelorMittal for an all-cash purchase price of US$810 million.

U.S. Steel Names General Manager—Logistics Services

21 March 2008 - United States Steel announces the promotion of William Michael Moss to the position of General Manager - Logistics Services.

ArcelorMittal Dofasco, USW to Explore Potential for Certification

20 March 2008 - ArcelorMittal Dofasco and the United Steelworkers agree to a unique process that will allow employees to interact with and evaluate the suitability of a union to the company’s unique working culture. Later, employees will choose whether or not they wish to be part of the global partnership between ArcelorMittal and its union partners.