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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
Dietrich Metal Framing Supports Extreme Makeover: Home Edition Project
15 June 2007 - Dietrich Metal Framing will supply metal wall and floor-framing materials for the construction of a home and a community center for a deserving family in Hawaii as part of the hit TV show Extreme Makeover: Home Edition.
Cleveland-Cliffs to Acquire Metallurgical Coal Producer PinnOak Resources
15 June 2007 - Cleveland-Cliffs Inc. has agreed to acquire PinnOak Resources, a domestic producer of high-quality, low-volatile metallurgical coal, for $450 million in cash plus approximately $150 million in debt.
U. S. Steel Completes Purchase of Lone Star Technologies
15 June 2007 - United States Steel completes its acquisition of Lone Star Technologies for an aggregate purchase price of approximately $2.1 billion.
Steel Dynamics to Acquire The Techs
14 June 2007 - Steel Dynamics enters into a definitive agreement to acquire Pennsylvania-based The Techs, paying $360 million for the company on a cash-free debt-free basis, subject to certain adjustments.
Siemens to Supply Temper Mill for Nucor Steel Tuscaloosa
13 June 2007 - Nucor Steel awards Siemens a contract to add a new wide Temper Mill to the existing Cut-to-Length Line at the company’s Tuscaloosa, Ala., facility.
SSAB Gets Green Light for Ipsco Acquisition
13 June 2007 - Ipsco and SSAB Svenskt Stal announce the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 for their proposed plan for SSAB to acquire Ipsco for a cash consideration of U.S. $160 per share.
Nucor Announces 2nd Quarter Earnings Guidance
12 June 2007 - Nucor says it expects earnings for the second quarter to be in the range of $1.05 to $1.15 per diluted share, “historically strong earnings,” but below this year's first-quarter results and the record second quarter earnings achieved last year.
U.S. Steel to Accelerate Repairs at Clairton Coke Works
11 June 2007 - U.S. Steel will invest $76 million in Battery B at its Clairton Coke Works and pay a civil penalty of $395,900 as part of a consent agreement with the Allegheny County (Pa.) Health Department.
Timken Expands Long-Length Steel Tubing Size Capability
08 June 2007 - Timken has gained new sales after expanding its capabilities to produce long-length steel tubing to meet Houston-based Dril-Quip’s request for hot-rolled, quenched, and tempered seamless tubing in lengths up to 37 feet.
Carpenter Breaks Ground for New Facility in Reading
08 June 2007 - Carpenter Technology breaks ground for a $115-million facility in Reading, Pa., that will add new vacuum induction melting furnaces, and new vacuum arc and electro-slag remelting furnaces for a 40% expansion of its premium melt capacity.
Gerdau Ameristeel Announces New COO
07 June 2007 - Gerdau Ameristeel announced the appointment of a new Vice President, Chief Operating Officer responsible for all the company's steel manufacturing and commercial operations, as well as procurement and logistics.
AK Steel Announces Increases for Automotive Exhaust Alloys
07 June 2007 - AK Steel says it will increase transaction base prices by 10 to 16% for stainless steel alloys used primarily in automotive exhaust applications.
Cleveland-Cliffs, Stelco Agree to Sell Wabush Interest
07 June 2007 - Cleveland-Cliffs and Stelco have entered an agreement to sell their 26.8% interest and 44.6% interest, respectively, in the Wabush Mines joint venture to Consolidated Thompson Iron Mines for $64.3 million cash, 3.0 million warrants of common shares, and Consolidated’s assumption of ongoing employee and asset retirement obligations.
SeverCorr Cold Mill Now Operational
07 June 2007 - SeverCorr has successfully started up its new five-stand tandem cold mill — one of only four cold mills in the United States coupled to a pickle line, and the only one capable of producing coils up to 72-inch wide.
AK Steel Announces July Electrical Surcharges
06 June 2007 - AK Steel says it will add a $220-per-ton surcharge to invoices for electrical steel products shipped in July 2007.
Dietrich Metal Framing Announces Resignation of President
06 June 2007 - Worthington Industries has named an interim President for Dietrich Metal Framing following the resignation of Edmund L. Ponko Jr.
California Steel to Boost Production Capacity by 50%
06 June 2007 - California Steel Industries will invest approximately $60 million in a second walking beam reheat furnace and related services that will allow the company to boost its capacity by a million tons per year.
Steelworkers Express Concern over Stelco’s Strategic Review
05 June 2007 - Stelco’s announcement that it is engaged in strategic review is cause for concern, according to Ken Neumann, United Steelworkers' National Director.
AK Tube Plant Receives Safety Award
04 June 2007 - AK Tube LLC’s Columbus, Ind., plant receives the ‘Safety Award of Merit’ from the Fabricators & Manufacturers Association, International for its 2006 safety performance.
Ipsco Announces Special Meeting and Record Dates
04 June 2007 - Ipsco’s Board of Directors has scheduled a special meeting for shareholders to vote on the proposal to adopt the Plan of Arrangement in which Ipsco would be acquired by SSAB Svenskt Stal AB.
