Steel News

Arcelor Mittal Finalizes Acquisition of Sicartsa

23 April 2007 - Arcelor Mittal has finalized its acquisition of Sicartsa, a Mexican integrated steel producer, from Grupo Villacero, for an enterprise value of $1,439 million.

AK Steel to Make Another Early Pension Trust Fund Contribution

23 April 2007 - AK Steel’s board of directors has authorized the company to make an early $105 million contribution to its pension trust fund.

Arcelor Mittal Announces New Dofasco CEO

23 April 2007 - Lou Schorsch, Executive Vice President of Arcelor Mittal and CEO Flat Americas, announced the appointment of Juergen Schachler to the position of President and CEO, Dofasco Inc., effective May 1, 2007.

U.S. Steel Appoints President of USS Real Estate

20 April 2007 - United States Steel has appointed George A. Manos to the position of President - USS Real Estate.

U. S. Steel Honors Outstanding Suppliers for 2006

20 April 2007 - United States Steel recognized seven suppliers with its Outstanding Supplier award for 2006.

Nucor Reports Record 1st Quarter Results

20 April 2007 - Nucor announced record consolidated net earnings of $381.0 million on net sales of $3.77 billion for the first quarter of 2007, marking the company’s fourth consecutive year of record first quarter earnings.

Commercial Metals Board Elects Eleventh Director

18 April 2007 - Commercial Metals Co. announced the election of Robert L. Guido to its Board of Directors. The appointment increases CMC’s board from ten to eleven directors.

CMC Closes Purchase of Nicholas J. Bouras and Affiliates

18 April 2007 - Commercial Metals Co. has completed its acquisition of substantially all the operating assets of Nicholas J. Bouras, Inc., United Steel Deck, Inc., The New Columbia Joist Co., and ABA Trucking Corp. for a purchase price of approximately $146 million.

U. S. Steel Names Motion Industries 2006 Outstanding Supplier

17 April 2007 - Motion Industries recently received the 2006 Outstanding Supplier Award from United States Steel Corp.

Fortune Magazine Applauds AK Steel’s 2006 Stock Performance

17 April 2007 -  

Steel Dynamics Reports Strong 1st Quarter

17 April 2007 - Steel Dynamics, Inc. announced earnings of $102 million on net sales of $866 million for the first quarter ended March 31, 2007.

Steel Dynamics Realigns Business, Management Structure

17 April 2007 - Steel Dynamics is aligning operations management under two new business groups—Flat Rolled Steels and Ferrous Resources, and Steel Shapes and Building Products.

Mikron Business Earns Environmental Awards

13 April 2007 - Quanex announced that its Mikron vinyl window profile business won two awards from King County in the state of Washington. The annual EnvirOvation award is from the Department of Natural Resources and the biennial Green Globe award is from the Department of Natural Resources and Parks.

U. S. Steel Honors Tube City as Outstanding Supplier

13 April 2007 -  

Ipsco Confirms Acquisition Talks

13 April 2007 -  

USS Mon Valley Works Earns Governor’s Award for Environmental Excellence

12 April 2007 - United States Steel Mon Valley Works was honored by Pennsylvania Governor Edward G. Rendell as one of 12 winners of the Governor’s Award for Environmental Excellence.

SSINA Study Details Chinese Government Support of Stainless Industry

11 April 2007 - A new study just issued by the Specialty Steel Industry of North America (SSINA) reveals that the government of China has a policy of conferring preferred status on the stainless steel industry, and providing it with a wide range of preferential treatment programs and direct subsidies.

SMS Meer to Supply Precision Sizing Mill for Timken

10 April 2007 - The Timken Co. has placed an order with SMS Meer, Germany, for the expansion of its existing bar mill at the Harrison Steel Mill in Canton. Timken’s objectives for the project include extending the product size range, increasing mill capacity, and improving product quality.

Stelco Proposes Term Loan Refinancing

10 April 2007 -  

Dofasco Proposes Redemption of Medium Term Notes