Steel News

U. S. Steel and JFE Steel to Exchange Technical Expertise

23 January 2008 - United States Steel and JFE Steel enter into a technical exchange agreement to share expertise in steelmaking practices, benchmarking, and other areas of mutual interest.

Latrobe Specialty Steel to Expand Vacuum Remelting Facility

23 January 2008 - Latrobe Specialty Steel will triple its vacuum melting capacity with a major expansion at its Latrobe remelt facility.

AK Steel Reports Record Full Year 2007 Results

23 January 2008 - AK Steel reported net income of $106.7 million on net sales of $1,691.9 million for the fourth quarter of 2007, and net income of $387.7 million on record net sales of $7,003.0 million for the full year.

AK Steel Adds Former Toyota Executive to Board

22 January 2008 - AK Steel announces the election of Dennis C. Cuneo, formerly Senior Vice President for Toyota Motor North America, to its Board of Directors.

Esmark Names President of Wheeling Corrugating

22 January 2008 - Esmark announced the appointment of steel industry veteran Joel Mazur as President of its Wheeling Corrugating division.

Nippon Steel Names New President

18 January 2008 - Nippon Steel announces that Vice President Shoji Muneoka, 61, will become President of the corporation on April 1.

AK Steel to Increase Carbon Steel Prices

17 January 2008 - AK Steel will increase spot market prices for all new carbon steel product orders accepted for shipment on March 1, 2008 and later.

Nucor Breaks Strip-Casting Record with Castrip Process

16 January 2008 - Nucor sets a new record for sequence casting -- 24 ladles of steel, cast continuously, over a 38-hour period -- at the world's first commercial Castrip-based strip-casting facility for plain-carbon steel sheet.

General Steel Holdings Acquires Controlling Interest in Tongxing

15 January 2008 - General Steel Holdings obtains final government approval to acquire a controlling interest in Hancheng Tongxing Metallurgy, with core operations in coking coal production and rebar processing.

ArcelorMittal Provides Update on Fatalities at Abaiskaya Mine Accident

15 January 2008 - ArcelorMittal confirms the final number of fatalities as 30 for the Abaiskaya Mine Accident in Kazakhstan.

Industry Group Promotes the Growing Recyclability of Cars

15 January 2008 - U.S. automakers are bringing an educational message to consumers at this year's North American International Auto Show through the United States Council for Automotive Research LLC's Vehicle Recycling Partnership LLC.

Mesabi Trust Declares Distribution

14 January 2008 - Trustees of Mesabi Trust have declared a distribution of fifty-one and one-half cents per Unit of Beneficial Interest payable on February 20, 2008, a twenty cents per Unit increase compared to the year-ago quarter.

ArcelorMittal Provides Update Concerning Accident in Kazakhstan

14 January 2008 - ArcelorMittal provides update on the accident that occurred January 11 at its Abaiskaya mine in Kazakhstan, the cause of which has not yet been identified.

Severstal NA Halts Production at Blast Furnace Pending Investigation

14 January 2008 - Severstal North America confirms that it has halted production at Blast Furnace B, its smaller blast furnace, as a result of a January 5 accident at that facility.

Nucor, Duferco to Form Joint Venture to Produce, Distribute Beams

11 January 2008 - Nucor signs Memorandum of Understanding with the Duferco Group to establish a 50/50 joint venture for the production of beams in Italy and the distribution of beams in Europe and North Africa.

AK Steel Announces Carbon Steel Price Increase

10 January 2008 - AK Steel will increase spot market prices by an additional $50 per ton for its carbon steel products for new orders accepted for shipment on February 1, 2008 and later.

Severstal North America Announces New Chief Operating Officer

10 January 2008 - Severstal North America names Thomas J. Cera to the position of Chief Operating Officer, replacing Jim Hrusovsky, who was recently appointed CEO of Columbus, Miss., based SeverCorr.

ThyssenKrupp Implementing Quintiq Planning Solution

09 January 2008 - ThyssenKrupp Steel AG, Germany, is implementing Quintiq’s Advanced Planning & Scheduling solution to optimize capacity utilization at its steel mills and in its supply chain procedures.

Esmark Announces New Management for Core Business Segments

09 January 2008 - As it aligns management responsibilities with its two business segments—Mill Operations and Downstream Operations—Esmark announces several executive appointments that take effect immediately.

AK Steel Recognized for 2007 Stock Performance

08 January 2008 - CNNMoney.com names AK Steel Holding as one of the ten best performing Fortune 500 stocks for 2007, noting the company’s "solid 174% increase in stock performance" in 2007.