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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
Macsteel Service Centers Acquires Alpha Steel
20 April 2005 - Macsteel Service Centers USA Inc. has acquired the business and assets of PHA Steel, LLC, operating under the brand name Alpha Steel, a privately owned steel service center located in Hammond, Ind. Terms of the purchase were not disclosed.
Steelworkers Urge Hamilton City Council to Adopt Motion on Stelco
20 April 2005 - The United Steelworkers is pleased with a motion passed Tuesday by the Hamilton City Council’s Planning and Economic Development Committee urging Stelco Inc. to consent to the Steelworkers' appointment of Tricap Management Limited as a financial advisor for the purpose of recapitalizing Stelco.
Industry Representatives Speak Out in China Currency Case
19 April 2005 - On behalf of the American Iron and Steel Institute (AISI) and the Steel Manufacturers Association (SMA), John Nolan, Vice President of Marketing and Sales for Steel Dynamics, Inc. (SDI), submitted written testimony last week to the House Ways and Means Committee related to the hearing on “United States-China Economic Relations and China’s Role in the World Economy.”
ATI Allvac Announces Price Increases
18 April 2005 - Allegheny Technologies Inc. announced that ATI Allvac is increasing prices on all nickel- and cobalt-based superalloys, vacuum-melted specialty steels and titanium alloy products by 5 to 9%.
Mittal Steel and ISG Announce Completion of Merger
18 April 2005 - Mittal Steel Co. NV and International Steel Group Inc. (ISG) announce that their merger has now been completed.
Nucor To Purchase Marion Steel Assets
18 April 2005 - Nucor Corp. has entered into an agreement to purchase substantially all of the assets of Marion Steel Co. for a cash purchase price of approximately $113 million.
Mott Steps Aside as New Team Takes Helm at Mittal Steel USA
15 April 2005 - Mittal Steel Co. NV announced the management organization for Mittal Steel USA, upon completion of its proposed merger with International Steel Group.
Steelworkers Preparing Plan to Save Stelco
14 April 2005 - The United Steelworkers of America has signed a letter of intent with Tricap Management Limited (Brascan Corp.'s restructuring fund) to work together on a C$1.35 billion plan to recapitalize Stelco Inc., and remove the company from protection under the Companies' Creditors Arrangement Act (CCAA).
CCR Technologies Completes Caster Upgrade at Nucor Auburn
13 April 2005 - CCR Technologies Inc. recently completed modernization of Nucor Steel Auburn’s continuous billet caster. CCR’s scope of supply comprised all equipment beyond the CCR straighteners.
Mittal and ISG Shareholders Approve Mega-Merger
13 April 2005 - Mittal Steel Co. NV announced on Tuesday that its merger with International Steel Group was approved by shareholders at the extraordinary general meeting held in Rotterdam.
Ohio Coatings Company Announces President
12 April 2005 - Jim Tennant has been named President of Ohio Coatings Company (OCC), effective April 1, 2005.
California Steel Reports First Quarter Results
12 April 2005 - California Steel Industries, Inc. reported net income of $22.1 million on sales revenues of $339.3 million for the quarter ended March 31, 2005.
Stelco Reports Fourth Quarter and Full Year Results
12 April 2005 - Stelco Inc. released its 2004 Audited Consolidated Financial Statements together with Management's Discussion and Analysis, which outlines the corporation's financial results and condition. Stelco also released its Annual Information Form (AIF). In its statements, Stelco reported net earnings of $1 million for the fourth quarter, and net earnings of $65 million for the year ended December 31, 2004.
AK Steel Adds Titanium Surcharge for Stainless Grades
11 April 2005 - AK Steel is adding a titanium component to its stainless steel raw material surcharge due to a nearly five-fold rise in cost since the beginning of 2004.
Mittal Steel and ISG Clarify Election Deadline
11 April 2005 - Mittal Steel Co. NV and International Steel Group Inc. have clarified the deadline for ISG stockholders to submit forms of election regarding the stock and cash consideration they elect to receive for their shares of ISG common stock. The election relates to the proposed merger of ISG with a wholly owned subsidiary of Mittal Steel.
Timken to Increase Seamless Tubing Prices
08 April 2005 - The Timken Corp. announced it will increase prices on seamless tubular steel products effective with shipments from July 1, 2005 until further notice.
Cleveland-Cliffs Comments on Pellet Price Settlement
08 April 2005 - Cleveland-Cliffs Inc. commented on the recent settlement of iron ore price by Eastern Canadian producers.
California Steel Completes Galv Line Automation Project
08 April 2005 - California Steel Industries, Inc. (CSI) recently completed a five-year, $265-million modernization program focused on the company's No. 2 Continuous Galvanizing Line.
Stelco Details Game Plan for Financial Reporting, Annual Meeting
07 April 2005 - Stelco Inc. has provided an update regarding the filing of financial statements and the timing of its Annual General Meeting of shareholders.
ISG Restarts Burns Harbor Plate Mill
07 April 2005 - International Steel Group Inc. has successfully restarted the 110-inch plate mill at its Burns Harbor, Ind., facility.
