Steel News

ArcelorMittal is First Steel Company to be Named Energy Star Partner of the Year

13 March 2008 - The U.S. EPA and U.S. Department of Energy select ArcelorMittal USA as a 2008 ENERGY STAR Partner of the Year for Energy Management by for its outstanding contributions to protecting the environment and reducing greenhouse gas emissions through energy efficiency.

Cleveland-Cliffs Announces Two-for-One Common Stock Split

12 March 2008 - Cleveland-Cliffs’ Board of Directors declares a two-for-one stock split of the company’s common shares.

Steel Dynamics Raises First Quarter Earnings Guidance

12 March 2008 - Steel Dynamics raises its first-quarter earnings guidance, primarily driven by higher-than-anticipated flat-rolled steel pricing and improved scrap processing results.

U. S. Steel Loses Case at Indiana Court of Appeals

11 March 2008 - United States Steel expresses disappointment over the Indiana Court of Appeals’ reversal of a previous Indiana Utilities Regulatory Commission decision involving a rate escalation provision in the company’s electric power supply contract with NIPSCO.

Parsytec to Supply Two More Surface Inspection Systems for ArcelorMittal USA

10 March 2008 - Arcelor Mittal will equip two pickling lines at their Burns Harbor facility with Parsytec’s espresso SI inspection solution.

Esmark to Sell Minority Interest in Wheeling Nisshin

10 March 2008 - Esmark Inc. has entered into an agreement to sell its 35.7% equity interest in Wheeling-Nisshin for $71.4 million.

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.