Steel News

Danieli to Upgrade Republic EAF

10 November 2005 - Danieli is conducting a major upgrade of Republic Engineered Products’ 200-ton EAF at the company’s Canton, Ohio, facility.

Siemens to Supply Ladle Met Facility to Sheffield Steel

09 November 2005 - Sheffield Steel Corp. has awarded the Siemens Group Industrial Solutions and Services (I&S) a contract for a new 85-ton ladle furnace.

Wheeling-Pittsburgh Reports 3rd Quarter Results

09 November 2005 - Wheeling-Pittsburgh Corp., the holding company of Wheeling-Pittsburgh Steel Corp., reported a net loss of $21.1 million on revenues of $374.9 million for the quarter ended September 30, 2005.

Gerdau Ameristeel Reports 3rd Quarter Results

08 November 2005 - Gerdau Ameristeel Corp. reported net income of $62.2 million on net sales of $999.3 million for the quarter and net income of $215.1 million on net sales of $3.0 billion, for the nine months ended September 30, 2005.

Benefits Increase for Wheeling-Pitt Retirees, Spouses

07 November 2005 - The United Steelworkers (USW) announced benefit increases for Wheeling-Pittsburgh Steel retirees who lost their health coverage when the company reorganized under Chapter 11 Bankruptcy Protection and have enrolled in the Wheeling-Pitt Voluntary Employees' Beneficiary Association (VEBA). The Union has also negotiated an increase in payments made by Wheeling-Pitt to surviving spouses of employees who retired prior to 1974 to $1300 and $800 yearly.

Sheffield Steel Special Committee Reports on Offers

07 November 2005 - The special committee appointed by Sheffield Steel Corp.’s Board of Directors has completed its consideration of the two unsolicited indications of interest in acquiring Sheffield Steel. The committee has determined not to pursue either proposal as presented.

Stelco Completes Sale of Stelpipe

04 November 2005 - Stelco Inc. has completed its sale of Stelpipe Ltd.’s assets to Lakeside Steel Corp. on October 31, 2005.

Northwest Pipe and Lone Star Steel Enter Marketing Alliance

04 November 2005 - Northwest Pipe Co. and Lone Star Steel Co. have entered into a strategic marketing alliance under which Lone Star Steel will be the exclusive marketing representative for Northwest Pipe's API Products in North America.

Stelco to Sell Norambar, Stelfil and Stelwire to Mittal Canada

03 November 2005 - Stelco Inc. has signed a Letter of Intent concerning the sale of Norambar Inc., Stelfil Ltée and Stelwire Ltd. to Mittal Canada Inc., a subsidiary of Mittal Steel Co. NV.

Mittal Welcomes New Pact with Steelworkers

03 November 2005 - Mittal Steel USA welcomed the ratification of new collective-bargaining agreements by members of the United Steelworkers at former Ispat Inland Inc. locations in Indiana and Minnesota.

Gerdau Ameristeel Amends Credit Facility

02 November 2005 - Gerdau Ameristeel Corp. has amended and restated its existing senior secured revolving credit facility.

Worthington and its Employees Donate to Hurricane Relief

02 November 2005 - Worthington Industries, Inc. and its employees have donated $108,231 to the American Red Cross to benefit the victims of hurricane Katrina. The company matched dollar for dollar donations made by employees.

CCR Technologies to Upgrade SDI Columbia City Caster

01 November 2005 - Steel Dynamics has awarded CCR Technologies Inc. a contract to supply a Beam Blank Weighing and Cut-to-Weight system for its existing 3-strand caster at the Columbia City facility.

Oregon Steel Mills Announces 3rd Quarter Results

01 November 2005 - Oregon Steel Mills, Inc. reported net income of $20.2 million on sales of $299.7 million for the third quarter of 2005.

Dofasco Posts 3rd Quarter Net Income

01 November 2005 - Dofasco Inc. reported consolidated net income of $5.2 million on consolidated sales of $1,104.5 million for the third quarter of 2005.

Anshan Commissions New SMS Mevac RH Unit

01 November 2005 - Anshan New Iron & Steel Co., Ltd., P.R. China, has successfully commissioned its second RH-recirculation degasser, delivered by SMS Mevac GmbH.

Siemens to Supply New Main Drive for ThyssenKrupp Tandem Cold Mill

01 November 2005 - The Siemens Industrial Solutions and Services Group (I&S) has received an order from ThyssenKrupp Steel AG to supply a new main drive for the BETA coupled tandem pickling line at its Dortmund plant. The order is valued at approximately three million euros.

Calvi and Hoesch Hohenlimburg to Merge Special Profiles Interests

01 November 2005 - The Italian Calvi Holding Group and Hoesch Hohenlimburg GmbH have agreed in principle on the sale to Calvi of a 75.1% majority interest in the special profiles operations of Hoesch Hohenlimburg. The merger will create the world’s largest and technologically leading manufacturer of rolled, extruded and cold-drawn special profiles.

Arcelor to Increase Stake in Brazilian Stainless Steel Producer Acesita

01 November 2005 - Arcelor recently entered into a definitive agreement with two Brazilian pension funds regarding its acquisition Acesita SA common shares representing 25% of the Brazilian stainless steel producer's voting capital and 8% of its total capital stock.

ThyssenKrupp Acier Starts up New High Strength Steel Slitting Line

01 November 2005 - ThyssenKrupp Service Acier has begun operation of a new slitting line.