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Producers
The latest news on the companies producing steel or raw materials used in the iron- and steelmaking process.
Latest News
ArcelorMittal Completes Laser Welding Deal with Noble International
04 September 2007 - ArcelorMittal and Noble International complete the transaction to combine their laser-welded tailored blanks businesses in an approximately US$300-million deal involving eight production facilities in western and eastern Europe, China, India and the U.S., plus interest in two joint ventures in Asia.
Gerdau Ameristeel Acquisition of Chaparral Clears Another Hurdle
04 September 2007 - The Committee on Foreign Investment in the United States okays the Agreement and Plan of Arrangement for Gerdau Ameristeel’s acquisition of Chaparral Steel.
CMC Chairman Announces Retirement Plans
31 August 2007 - Chairman of Commercial Metals Board of Directors Stanley A. Rabin announces his intent to retire at the end of CMC's 2008 fiscal year on August 31, 2008.
Horsehead Employees Reach Tentative Agreement on New Contract
31 August 2007 - Just as the current contract is about to expire, members of United Steelworkers local 8183-25 reach a tentative labor agreement covering 32 hourly members at Horsehead's Monaca, Pa., facility.
Gerdau Ameristeel Announces Revised Financing Commitment
31 August 2007 - Gerdau Ameristeel replaces a previously announced financing commitment intended to fund the company’s pending acquisition of Chaparral Steel with a firm commitment from ABN AMRO Bank NV, HSBC and J.P. Morgan Securities as Joint Lead Arrangers.
Steel Dynamics Updates Third Quarter Earnings Guidance
31 August 2007 - Steel Dynamics says third-quarter earnings could be in an updated range of $1.02 to $1.07 per diluted share, but says its near-term market assessment remains relatively unchanged from its most recent news release in July.
U. S. Steel Marks First Year of Mercury Switch Recovery Program
30 August 2007 - U. S. Steel marks the one-year anniversary of its participation in the National Vehicle Mercury Switch Recovery Program, a national mercury reduction program that is expected to reduce up to 75 tons of mercury emissions over the next 15 years.
AK Steel Completes Corporate Headquarters Move
30 August 2007 - AK Steel completes the move of its corporate headquarters from Middletown to West Chester, Ohio, a northern Cincinnati community.
SeverCorr Launches Meltshop and Hot Mill Operations
30 August 2007 - Production of hot rolled steel coils is underway at SeverCorr with the start-up of operations in the facility’s new meltshop, caster, and hot mill.
Carpenter Appoints New Senior Vice President - General Counsel and Secretary
28 August 2007 - Carpenter Technology announces the appointment of Oliver C. Mitchell Jr. as its new Senior Vice President—General Counsel and Secretary.
Timken Names Leaders for Bearings and Power Transmission Group
28 August 2007 - Timken announces five new leaders for the businesses within its new Bearings and Power Transmission Group.
Worthington Safety Program Reduces Serious Injuries by 44%
28 August 2007 - Worthington Industries reports first-year results for its safety management program, including a 44% reduction in serious injuries, 22% reduction in total OSHA recordable injuries, and 31% reduction in the number of workers’ compensation claims.
Nucor Completes Acquisition of Magnatrax
28 August 2007 - Nucor completes its acquisition of Magnatrax for a cash purchase price of approximately $280 million.
Dofasco to Install Pulverized Coal Injection System
27 August 2007 - Dofasco will build a $60-million pulverized coal injection system at its two blast furnaces in Hamilton, supported in part by a $6.05-million, 5-year loan under the Government of Ontario’s Advanced Manufacturing Investment Strategy program.
U. S. Steel to Acquire Stelco
27 August 2007 - Amid much market speculation, U. S. Steel announces plans to acquire Stelco for $38.50 (Canadian) per share for an aggregate value of approximately $1.1 billion (U.S.) based on approximately 30 million fully diluted shares.
Waiting Period Passes for Chaparral-Gerdau Ameristeel Deal
24 August 2007 - Chaparral and Gerdau Ameristeel reach the end of their Hart-Scott-Rodino waiting period, satisfying one of the pre-conditions for consummation of their merger agreement.
Timken Upgrades Repair Services in Canada
23 August 2007 - Timken completes an agreement with Weir Canada to be the authorized provider of Timken repair services for chock bearing maintenance and chock repair for metal manufacturing customers in Canada.
AK Steel Announces Carbon Steel Price Increase
23 August 2007 - AK Steel will increase spot market prices by $30 per ton for new carbon steel product orders accepted for shipment on October 1, 2007 and later.
U.S., Canada and Mexico Take Lead on Managing Industrial Chemicals
22 August 2007 - The United States, Canada, and Mexico are developing a regional partnership to assess and manage the potential risks associated with the manufacture and use of industrial chemicals.
Worthington to Form European Steel Processing Joint Venture
21 August 2007 - Worthington Steel will form a joint venture with The Magnetto Group to operate a steel processing facility in Kosice, Slovakia.
