Steel News

Praxair Licenses CoJet Technology for WCI Steel BOF

30 August 2005 - Praxair, Inc. has signed a licensing agreement with WCI Steel, Inc. for use of Praxair's patented CoJet(R) gas injection system in their basic oxygen furnace.

Quanex Reports Fiscal 3rd Quarter Results

26 August 2005 - Quanex Corp. reported record income from continuing operations of $45.0 million on record net sales of $98.8 million for the fiscal third quarter. Diluted earnings per share from continuing operations were $1.71, a third quarter record and more than double year ago quarterly results of $0.82.

Ipsco to Expand Pipe Mill Operations

26 August 2005 - Ipsco announced it will expand the current oil country tubular goods (OCTG) heat treat capacity at its Calgary, Alberta plant. The expansion will begin immediately and is expected to be fully implemented before year-end. Annual capacity of the Calgary heat treat facility will be increased by more than 70%.

Nucor Auburn Recommits to Environmental Performance Program

25 August 2005 - Nucor Steel Auburn Inc., Auburn, N.Y., is one of 32 facilities renewing their three-year membership in the EPA’s National Environmental Performance Track Program by continuing to meet the program's criteria and committing to new environmental goals. As part of its environmental initiatives, Nucor Auburn has committed to the use of scrap tires in its production of steel, which will help the facility reduce its use of coal by more than 500 tons.

Carpenter to Raise Stainless Steel Strip Prices

23 August 2005 - Carpenter Technology Corp.’s Specialty Alloys Operations unit announced that it will increase base prices 10 percent on all precipitation hardening stainless steels in strip form.

Timken Names New Senior Executives

22 August 2005 - The Timken Co. announced that Donna J. Demerling has been named Senior Vice President — Quality and Lean Six Sigma. Ms. Demerling, who was previously Senior Vice President — Supply Chain Transformation, will report to James W. Griffith, President and CEO.

Stelco Enters Agreement in Sale of Stelpipe

22 August 2005 - Stelco Inc. has entered into a definitive agreement for the sale of the assets of Stelpipe Ltd. to Romspen Investment Corp., an independent non-bank lender and financier based in Toronto.

Stelco Announces Adjournment of Motions

19 August 2005 - Stelco Inc. announced that the Superior Court of Justice (Ontario) has agreed to a request to adjourn motions in the matter of the company's Court-supervised restructuring that were scheduled to be heard Thursday.

Ipsco Announces New Director of Investor Relations

18 August 2005 - Ipsco Inc. announced that Thomas Filstrup has joined the company as Director of Investor Relations.

Dofasco to Acquire Copperweld Mechanical Tubing Assets

18 August 2005 - Dofasco Inc. has signed an agreement to acquire certain assets currently owned by Copperweld Holding Co. of Pittsburgh, Pa.

Allegheny Ludlum to Raise Electrical Steel Surcharge

17 August 2005 - ATI Allegheny Ludlum announced that it will add a surcharge of $160 per ton ($8.00/cwt) to invoices for silicon electrical steel. The increase takes effect with shipments beginning Thursday, Sep. 1.

CMC Acquires Canam Joist Manufacturing Operation in Mexico

17 August 2005 - Commercial Metals Co. announced the acquisition of substantially all of the operating assets of the Juarez, Mexico, joist manufacturing facility from a subsidiary of Canam Group, Inc. of Quebec, Canada.

WCI Steel Files Plan of Reorganization

17 August 2005 - WCI Steel, Inc. announced that a Plan of Reorganization approved by the company's independent board of directors has been filed in the U.S. Bankruptcy Court for the Northern District of Ohio, Eastern Division.

AK Steel Announces September Surcharges

16 August 2005 - AK Steel will add a $157 per ton surcharge to invoices for flat-rolled carbon steel products shipped in September 2005. A $50 per ton surcharge will be added to invoices for electrical steel products.

Bayou Steel Reports Strong 3rd Quarter Results

16 August 2005 - Bayou Steel Corp. reported net income of $5.2 million on sales of $68.4 million for the third quarter (ending June 30, 2005) of fiscal 2005.

Steelworkers Vow to Protect Pensions and Jobs at Stelco

16 August 2005 - The Presidents of five Steelworker local unions at Stelco Inc., the President of the Hamilton Chapter of the Steelworkers Organization of Active Retirees (SOAR), and the United Steelworkers' Ontario/Atlantic and Canadian National Directors have reaffirmed their strong commitment to fight for pensions and jobs for all Steelworkers and Steelworker retirees at Stelco.

Mittal Steel USA Bringing One Furnace Back, Idling Another

15 August 2005 - Mittal Steel USA is returning one blast furnace to service, then will idle another for maintenance, in order to maintain stable production in its eastern region over the next several months.

Ellwood National Steel Up and Running

11 August 2005 - The former National Forge meltshop, which was acquired by Ellwood Group, Inc. in 2003, is now in production as Ellwood National Steel (ENS). The facility adds some 50,000 annual tons of capacity to the forging ingot marketplace.

Stelco Opposes USW International Motion

11 August 2005 - Stelco Inc. filed material with the Superior Court of Justice (Ontario) opposing the USW International's bid to enable any creditor to prepare and file a restructuring plan in the matter of the company's CCAA process. The USW International motion is to be heard by the Court on August 16, 2005.

U. S. Steel Announces Headquarters Appointments

10 August 2005 - United States Steel Corp. announced the appointment of Frederick T. Harnack to the position of General Manager—Research, and John C. Price to the position of General Manager—Business Planning. The appointments, both of which are based in the group’s Pittsburgh headquarters, went into effect August 1.