Steel News

LOI to Supply Bell Annealing Plant for ThyssenKrupp Electrical Steel

01 May 2005 - LOI Thermprocess has received a contract from ThyssenKrupp Electrical Steel to supply a new HPH© bell-type annealing plant for grain-refined electrical steel.

Posco Continues to Support Small and Mid-sized Companies

01 May 2005 - Posco has pushed ahead with its extensive support measures for small- and mid-sized companies in purchase, sales, human resources development, and partnership.

Arcelor to Sell Three Spanish Rebar and Mesh Production Units

01 May 2005 - Arcelor has signed an agreement for the sale of Corrugados Azpeitia, Corrugados Getafe and Corrugados Lasao, three rebar and mesh plants located in Spain, to Alfonso Gallardo Group.

ThyssenKrupp Steel Welcomes Stop-gap Collective Agreement

01 May 2005 - ThyssenKrupp Steel AG welcomes the agreement reached by the collective bargaining parties in the steel industry, preventing a strike. According to TKS, industrial action would have severely dented hopes of an urgently needed economic turnaround.

LOI Modernizes Bell-Type Annealing Plant for Sidmed

01 May 2005 - The Spanish company Sidmed SA of Sagunto, a member of the Arcelor Group, recently awarded LOI Thermprocess a contract for the second stage of the modernization project at its bell-type annealing plant.

MultiServ to Expand Services at Steel Mills in Belgium and Mexico

01 May 2005 - Harsco Corp.’s MultiServ mill services division has been awarded multi-year contracts for additional outsourced services at two major steel mills in Belgium and Mexico.

Maanshan Grants Acceptance Certificate to VAI for LD Process Optimization

01 May 2005 - Voest-Alpine Industrieanlagenbau (VAI) recently received the acceptance certificate from Maanshan Iron & Steel for the successful implementation of a Process Optimization System for three 120-tonne LD (BOF) Converters.

Oregon Steel Mills Reports 1st Quarter Results

29 April 2005 - Oregon Steel Mills, Inc. reported net income of $28.4 million on sales of $296 million for the first quarter of 2004.

AK Steel Announces May Surcharges

29 April 2005 - AK Steel announced it will add a $218 per ton surcharge to invoices for flat-rolled carbon steel products shipped in May 2005. In addition, a $215 per ton surcharge will be added to invoices for electrical steel products shipped in May 2005.

Timken Latrobe Steel Completes Mill Upgrade Project

29 April 2005 - Timken Latrobe Steel held an inaugural ceremony this week to launch the upgraded continuous rolling mill at its Latrobe, Pa., plant.

Cliffs Reports Record 1st Quarter Earnings

28 April 2005 - Cleveland-Cliffs Inc. reported net income of $25.2 million for the first quarter of 2005.

Severstal North America Continues to Bolster Steelmaking Performance

28 April 2005 - Fourteen months after its acquisition by OAO Severstal, Severstal North America, Inc. (SNA) reports that it has made considerable progress in restructuring its Dearborn, Mich., steelmaking operations.

Dofasco Posts Very Good First Quarter Results

28 April 2005 - Dofasco Inc. reported consolidated net income of $78.2 million on consolidated sales of $1,073.1 million for the first quarter of 2005. The company credits higher selling prices for its much-improved earnings compared to the first quarter of 2004.

Wheeling-Pittsburgh Steel Files Lawsuit Over Coal Supply

28 April 2005 - Wheeling-Pittsburgh Steel Corp. filed a lawsuit against Central West Virginia Energy Co. (CWVEC), a subsidiary of Massey Energy Co., alleging substantial monetary damages.

Court Grants Stelco Extension of Stay

27 April 2005 - Stelco Inc. applied for and was granted an Order of the Superior Court of Justice (Ontario) extending the stay period under its Court-supervised restructuring until July 8, 2005. The stay period was previously scheduled to expire on April 29, 2005.

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