Steel News

Keith Busse Named Steelmaker of the Year at AISTech 2005

19 May 2005 - Keith E. Busse, President and CEO of Steel Dynamics Inc. was named “Steelmaker of the Year” at AISTech 2005 — The Iron & Steel Technology Conference and Exposition, managed by the Association for Iron & Steel Technology. The Steelmaker of the Year Award is presented annually by the AIST to recognize notable leaders and their contributions to the steel industry.

Following Hylsamex Acquisition, Techint to Consolidate Latin American Steel Interests

19 May 2005 - The Techint Group has entered into an agreement with Alfa SA de CV in which Techint will acquire Alfa's 42.5% shareholding in Hylsamex SA de CV.

Wheeling-Pittsburgh Announces Management Promotions

18 May 2005 - Wheeling-Pittsburgh Steel Corp. announced the promotion of Ron Shoemaker, who had been Manager of Engineering, EAF Project, to the newly created position of General Manager, Engineering & Environmental Control. In his new position, Shoemaker will report to Wheeling-Pittsburgh Steel President, Harry Page.

AK Steel Announces June Surcharges

17 May 2005 - AK Steel is adding a $213 per ton surcharge to invoices for flat-rolled carbon steel products shipped in June 2005. The company is also adding a $170 per ton surcharge for electrical steel products shipped in June 2005.

Mittal Steel and PA DEP Work Out Reclamation Plan for Former Mine Site

16 May 2005 - Mittal Steel USA has worked out a conceptual reclamation plan with the Pennsylvania DEP’s Bureau of Abandoned Mine Reclamation (BAMR) for an abandoned vertical mine refuse area at the company’s property near Bentleyville, Pa.

Stelco Court Monitor Files 29th Report

13 May 2005 - Stelco Inc.’s court-appointed Monitor has filed its twenty-ninth Report regarding the company's Court-supervised restructuring. The Report provides updated information regarding Stelco’s first quarter results and strategic capital expenditures.

U. S. Steel Steps up Start Date for No. 13 Blast Furnace Rebuild

12 May 2005 - United States Steel Corp. announced that it will take its Gary (Ind.) Works No. 13 Blast Furnace offline in late May, rather than on August 1 as previously announced.

Stelco Reports 1st Quarter Earnings

10 May 2005 - Stelco Inc. reported record net earnings of $49 million on net sales revenue of $968 million for the first quarter ended March 31, 2005.

Wheeling-Pittsburgh Reports 1st Quarter Results

10 May 2005 - Wheeling-Pittsburgh Corp. reported net income of $8.1 million on net sales of $399.5 million for the quarter ended March 31, 2005.

Allegheny Ludlum to Increase Tool Steel Prices

09 May 2005 - ATI Allegheny Ludlum will increase the net transaction price for all tool steel products, including Hot-Rolled Annealed (HRA) and Econ-O-Miser™ (Milled and Ground) products. The increase, approximately 5%, takes effect with shipments beginning May 30, 2005.

Universal Stainless to Expand Remelt Capacity

09 May 2005 - Universal Stainless & Alloy Products, Inc.’s Board of Directors has approved the purchase of a sixth vacuum arc remelt (VAR) furnace, which will be installed at its Bridgeville facility.

Ipsco Shifts Production in Response to Montpelier Mill Outage

06 May 2005 - An electrical short in a rolling mill motor has caused a production outage at Ipsco Inc.’s Montpelier, Iowa, facility. Ipsco estimates that the rolling mill outage, which is expected to last six days, will decrease earnings by approximately $0.05 per diluted share for the quarter.

Mittal Steel USA Idles Cleveland and Indiana Harbor Blast Furnaces

06 May 2005 - Prompted by continued inventory adjustments in the markets it serves, Mittal Steel USA will slow down iron production in a continued effort to adjust output.

Brush Engineered Materials Promotes Former LTV President

05 May 2005 - Brush Engineered Materials Inc. has promoted Richard J. Hipple, 52, to President and Chief Operating Officer.

Court Approves Sale of Stelco Welland U&O Mill

05 May 2005 - Stelco Inc. announced that the Superior Court of Justice (Ontario) has approved the sale of Welland Pipe's U&O Mill to Grinolet Inc.

Newport Steel Employees Approve New Labor Contract

05 May 2005 - NS Group, Inc. announced that hourly employees of Newport Steel, the company's welded tubular operation located in Kentucky, approved a new four-year labor agreement.

Nufab Rebar Announces Acquisition of Lulich Steel

05 May 2005 - Nufab Rebar(TM) LLC, Nucor Corp.'s rebar fabrication joint venture with Ambassador Steel Corp., announced that it has acquired Lulich Steel LLC. Rebar fabricator Lulich Steel serves the reinforcing steel construction markets of Louisiana, Mississippi and the panhandle region of Florida.

Gerdau Ameristeel Announces 1st Quarter Results

04 May 2005 - Gerdau Ameristeel Corp. reported net income of $78.6 million* on net sales of $1.0 billion for the three months ended March 31, 2005.

Gerdau Ameristeel to Recycle Scrap Tires Using Stebbing Process

04 May 2005 - Gerdau Ameristeel Corp. has acquired a non-exclusive license to use the patented Stebbing Engineering Scrap Tire Process in its steel minimills.

Wheeling-Pittsburgh Steel to Idle Historic No. 1 Blast Furnace

04 May 2005 - Wheeling-Pittsburgh Steel Corp. announced that it will permanently idle its No. 1 Blast Furnace on Thursday, May 5, 2005. The shutdown will end more than 100 years of service by one of the oldest blast furnaces running in the United States.