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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
Precoat Metals Commits to Reduce Waste and Chemical Use
17 August 2007 - The U.S. Environmental Protection Agency’s mid-Atlantic region recognized Pa.-based Precoat Metals for committing to reduce waste and manufacture more environmentally-sound products.
Worthington Industries Issues Earnings Outlook
17 August 2007 - Worthington Industries says it is unlikely that its Metal Framing segment will return to profitability in the current quarter, which will likely help to push earnings per share into the range of $0.20 to $0.25 for the first quarter ending August 31, 2007.
Cleveland-Cliffs Selects Location for Iron Nugget Plant
17 August 2007 - Cleveland-Cliffs and joint-venture partner Kobe Steel will construct their 500,000 tons per year commercial-scale iron nugget production facility at Cliffs’ Empire Mine site in Palmer, Mich.
Republic and Union Reach Tentative Agreement
17 August 2007 - Republic reaches tentative labor agreement with the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers Union.
ALJ Announces 3rd Quarter Earnings
16 August 2007 - ALJ - the parent company of the former Kentucky Electric Steel - reports net income of $1.6 million on net sales of $37.5 million for the three months ended June 30, 2007.
Keystone Reports 2nd Quarter Results
15 August 2007 - Keystone Consolidated reports net income of $17.2 million on net sales of $122.7 million for the second quarter, and net income of $31.7 million on net sales of $235.8 million for the six months ended June 30, 2007.
Timken Realignment to Drive Growth, Performance
14 August 2007 - Timken will restructure the company into two divisions – a Steel Group and a new Bearings and Power Transmission Group - to support continued improvement in operational performance.
AK Steel Receives Supplier Excellence Award from Moen
13 August 2007 - AK Steel receives a supplier excellence award from Moen Inc. for exceeding Moen's expectations to consistently ship and meet delivery requirements during 2006.
Wheeling-Pittsburgh Reports 2nd Quarter Results
13 August 2007 - Unplanned outages at the EAF, higher-than-anticipated scrap costs, and weaker-than-expected market conditions contribute to Wheeling-Pittsburgh’s net loss of $41.6 million on net sales of $467.0 million for the quarter ended June 30, 2007.
Timken Bearings Equip Arcelor Mittal Steel Mill
10 August 2007 - Timken announces that it is the exclusive supplier of tapered, spherical and cylindrical roller bearings for Arcelor Mittal's new high-capacity hot-strip steel rolling mill currently under construction by Siemens in Krakow, Poland.
Chaparral Steel Announces Special Meeting and Record Dates
10 August 2007 - Chaparral’s Board of Directors schedules a special meeting of shareholders to vote on the proposal to adopt the Agreement and Plan of Merger for Gerdau Ameristeel’s acquisition of Chaparral Steel for a cash consideration of U.S. $86 per share.
OSHA Proposes Penalties Against 16 Companies at SeverCorr Construction Site
10 August 2007 - OSHA is proposing $72,775 in penalties against 16 companies involved in the construction of the new SeverCorr steel plant following inspections conducted between February and May 2007.
WCI Steel Reports 2nd Quarter Results
10 August 2007 - WCI Steel reports a net loss of $12.5 million for the quarter and a net loss of $16.8 million for the six-month period ended June 30, 2007; results were negatively impacted by a BOF baghouse installation, and unscheduled outages in the blast furnace and BOF.
Gerdau Ameristeel Reports 2nd Quarter Results
09 August 2007 - Gerdau Ameristeel Corp. reported net income of $139.1 million on net sales of $1.3 billion for the second quarter, and net income of $272.7 million on net sales of $2.7 billion for the six months ended June 30, 2007.
Dofasco Tubular to Sell Elizabethtown Tube Facility to Samuel Manu-Tech
09 August 2007 - Dofasco Tubular Products signs definitive purchase agreement for the sale of its Elizabethtown stainless tubemaking facility to Samuel Manu-Tech of Mississauga, Ont.
Justice Department Seeks Appointment of Trustee to Sell Sparrows Point
07 August 2007 - The Department of Justice asks a federal judge to appoint a trustee to sell Mittal Steel's Sparrows Point facility, as Mittal has failed to complete a sale prior to the consent decree deadline of August 6, 2007.
AK Steel Announces September Electrical Surcharges
06 August 2007 - AK Steel will add a $225 per ton surcharge to invoices for electrical steel products shipped in September 2007.
Timken Joins Effort to Reduce Mercury Emissions
03 August 2007 - Timken announces its participation in the National Vehicle Mercury Switch Recovery Program, a program designed to reduce the levels of mercury emitted from automobile scrap used as raw material in the steelmaking process.
USW Responds to ArcelorMittal’s Sale of Sparrows Point Mill
03 August 2007 - The United Steelworkers affirms the sale ArcelorMittal USA’s Sparrows Point Plant to Esmark, noting that negotiations will soon begin with both the seller and the new buyer.
Nucor to Acquire LMP Steel & Wire
03 August 2007 - Nucor enters into an agreement to acquire assets of cold finish bar producer LMP Steel & Wire for a cash purchase price of approximately $28 million.
