Steel News

AK Steel Honors Four Companies with Supplier of the Year Awards

19 November 2007 - AK Steel honors four companies with its Supplier of the Year award for outstanding service, value and strategic support of the steelmaker's business plan.

Tata Steel Earns DSIR Award for Hexavalent Chromium Research

16 November 2007 - Tata Steel wins Department of Scientific & Industrial Research Award 2007 for R&D effort in implementing an indigenous technology for removing hexavalent chromium from chrome-ore concentrates.

AISI Raises Competitiveness Concerns to Senate Committee

15 November 2007 - In testimony during a legislative hearing of America’s Climate Security Act of 2007 (S. 2191), AISI President and CEO Andrew G. Sharkey states that any climate change provisions must apply to foreign firms selling in the U.S. market in order to avoid dire consequences for the U.S. economy and the environment.

Worthington Forms Joint Venture with LEFCO

14 November 2007 - Worthington Steelpac Systems acquires a 49% interest in crate and pallet manufacturer Lefco Industries.

CMC Commissions CCR Cut-to-Weight System

13 November 2007 - CMC commissions a billet weighing and cut-to-weight system installed by CCR Technologies on the continuous caster at its South Carolina facility.

EPA to Hold Hearing on Draft U.S. Steel Permit for Gary Works

09 November 2007 - U.S. Environmental Protection Agency Region 5 sets the time and place for the Dec. 11 public hearing on U.S. Steel’s draft wastewater permit for Gary Works.

Nucor Execs Applaud Efforts to Reestablish U.S. Trade Priorities

09 November 2007 - Nucor executives voice support for the decision announced by Rep. Michael A. Arcuri (D-N.Y.) to oppose the proposed free trade agreement between the United States and Peru, and to encourage Congressional leaders to advance legislation to address the fundamental trade problems facing American industries and workers.

ATI Alloy Featured on World’s Largest Stainless Roof

08 November 2007 - A proprietary Allegheny Technologies alloy is being used for the largest stainless roof in the world, on the New Doha International Airport in Qatar.

Wheeling-Pitt Chairman Reaches Out to Shareholders Regarding Esmark

08 November 2007 - Wheeling-Pittsburgh Chairman James P. Bouchard issues a letter to shareholders regarding the upcoming combination with Esmark Inc.

Cleveland-Cliffs Shuffles PinnOak Management

07 November 2007 - Cleveland-Cliffs announces the promotion of two executives—and departure of the PinnOak President— as part of the company’s ongoing integration of the recently acquired PinnOak Resources.

Gerdau Ameristeel Reports 3rd Quarter Results

07 November 2007 - Gerdau Ameristeel reports net income of $123.8 million on revenues of $1.4 billion for the third quarter, and net income of $396.5 million on revenues of $4.1 billion for the nine months ended September 30, 2007.

AK Steel to Increase Carbon Steel Spot Prices

06 November 2007 - AK Steel will increase spot-market prices for its carbon steel products for new orders accepted for shipment on January 1, 2008 and later.

AK Steel to Increase Stainless Prices, Monthly Surcharges

06 November 2007 - AK Steel will increase transaction prices for all hot-rolled and cold-rolled stainless steel products by approximately 6%, and will add a $245 per ton surcharge to invoices for electrical steel products shipped in December 2007.

CMC Board Authorizes Purchase of Five Million Shares

06 November 2007 - Commercial Metals Co.’s board of directors authorizes purchase of up to 5,000,000 additional shares of the company’s common stock.

Universal Stainless Reaches Labor Agreement with Dunkirk Employees

06 November 2007 - Universal Stainless & Alloy Products subsidiary Dunkirk Specialty Steel reaches a new five-year collective bargaining agreement with Dunkirk hourly employees represented by USW Local 2693.

OSHA Cites C&A Metal Finishing Following Workplace Fatality

05 November 2007 - OSHA cites C&A Metal Finishing for one alleged willful and 14 alleged serious health and safety violations following an inspection prompted by a fatal accident.

Quanex Updates Fourth Quarter Guidance

05 November 2007 - Quanex expects to report fiscal 2007 diluted earnings per share from continuing operations in a range of $3.30 to $3.35, driven by flat growth in North American light vehicle builds and a nearly 25% reduction in housing starts.

Gerdau Ameristeel Prices Offering of Common Shares

05 November 2007 - Gerdau Ameristeel receives U.S. and Canadian regulatory approval of registration statement for its proposed offering of 110 million of its common shares.

ATI Board Approves Share Repurchase, Voluntary Pension Contribution

05 November 2007 - ATI Board approves a $500-million share repurchase program, and a nearly 40% increase in ATI’s quarterly dividend, and a $100-million voluntary contribution to its U.S. defined benefit pension plan in the fourth quarter 2007.

Cleveland-Cliffs Reports 3rd-Quarter Results

05 November 2007 - Cleveland-Cliffs reports net income of $56.9 million on consolidated revenues of $619.6 million for the third quarter, and net income of $176.3 million on consolidated revenues of $1492.7 million for the nine months ended Sept. 30, 2007.