Steel News

Richard Wechsler Joins Nucor as GM of International Business Development

05 April 2005 - Nucor Corp. announced that Richard Wechsler is joining Nucor as General Manager of International Business Development.

Cleveland-Cliffs Announces Convertibility of Preferred Stock

01 April 2005 - Cleveland-Cliffs Inc. announced that its preferred stock may be surrendered for conversion at any time during the fiscal quarter ending June 30, 2005.

Timken Raises Earnings Expectations

01 April 2005 - The Timken Co. announced increased earnings expectations for the first quarter and full year, based on strong industrial market demand, price increases, raw material surcharges and increased productivity.

MacSteel Plans New Ladle Met Degasser for Fort Smith

01 April 2005 - MacSteel has awarded SMS Demag Inc. a contract for the engineering and supply of a 60-ton twin tank car vacuum degasser and ladle furnace for the company’s Arkansas Division in Fort Smith, Ark.

U. S. Steel to Rebuild Gary No. 13 Blast Furnace

01 April 2005 -  

Morgan to Upgrade Arcelor Rod Mill

01 April 2005 - Morgan Construction Co. has signed a contract with Arcelor Alambron Zumarraga, Spain, for an upgrade to its two-strand rod mill.

Mittal Orders Morgan Compactors for Newcastle Works

01 April 2005 - Morgan Construction Co. has received an order from Mittal Steel Newcastle Works, South Africa, for an upgrade to the company’s twin-strand Morgan wire mill. The contract was signed with Morgan-Europe, Morgan’s subsidiary in Sheffield, England.

More to Supply Manipulators for Mittal Steel Saldanha

01 April 2005 - Mittal Steel Saldanha, South Africa, contracted More srl, Italy, to install the Catfis automatic temperature and sampling manipulators in their twin-shell ConArc electric arc furnaces.

New VAI Workshop in China makes First Deliveries

01 April 2005 - Voest-Alpine Industrieanlagenbau (VAI), has officially opened a new workshop — VAI Manufacturing (Taicang) Co. Ltd. — in China.

SMS Demag to Supply Bloom/Beam Blank Caster for Gerdau Acominas

01 April 2005 - Gerdau Açominas, Brazil, has awarded a contract to SMS Demag Inc., Pittsburgh, and SMS Demag Ltda., Brazil, to supply a combination bloom/beam blank casting machine, ladle rinsing station and water treatment facility.

ThyssenKrupp Stahl to Cut Back 2nd Quarter Production

01 April 2005 - ThyssenKrupp Stahl AG announced that it will reduce its steel production in the second quarter of 2005 by around 500,000 tonnes.

Posco Completes Hydroforming Plant

01 April 2005 - Posco recently completed construction of its state-of-the-art Hydroforming Plant for the integrated support system for automotive steel plates.

Mittal Steel Proposes Final Package to Huta Czestochowa Trade Unions

01 April 2005 - Mittal Steel Co. has made its final proposal to the trade unions of Huta Czestochowa and its subsidiaries. The April 26, 2005 proposal follows seven weeks of intense negotiations.

Year-to-Date Steel Import Totals Continue to Rise

01 April 2005 - The United States imported a total of 2,361,000 net tons of steel in February according to the American Iron and Steel Institute (AISI). The AISI report, which is based on preliminary Census Bureau data, shows the import totals include 1,727,000 net tons of finished steel.

ATI Adjusts Electrical Steel Raw Materials Surcharge

31 March 2005 - ATI Allegheny Ludlum will add a surcharge of $300 per ton ($15.00/cwt.) to silicon electrical steel invoices. The new surcharge will take affect with shipments beginning Friday, April 1, 2005.

Stelco Authorized to Access Capital Markets

31 March 2005 - Stelco Inc. has received Court authorization to access the capital markets in pursuit of new capital in the form of equity or a combination of debt and equity.

Cleveland-Cliffs Announces New $350 Million Credit Facility

30 March 2005 - Cleveland-Cliffs Inc has entered into a $350 million unsecured credit agreement with a syndicate of 13 financial institutions, jointly led by Fifth Third Bank and Bank of America Corp.

AK Steel Earns Coke Plant Safety Award

30 March 2005 - Employees of AK Steel’s Middletown Works coke plant have earned the Max Eward Safety Award for the fifth consecutive year. The award, presented by the American Coke and Coal Chemicals Institute (ACCCI), recognizes the member coke plant having the best U.S. safety record during 2004.

Clear Thinking Group to Serve as Liquidation Trustee for Slater Steel

30 March 2005 - Clear Thinking Group, LLC, and Joseph E. Myers, a partner and managing director, have been appointed liquidation trustee for Slater Steel, Inc. The appointment became effective with confirmation of the company's Chapter 11 Plan of Reorganization by the U.S. Bankruptcy Court, District of Delaware.

Wheeling-Pittsburgh Names New President and COO

30 March 2005 - Wheeling-Pittsburgh Steel Corp. announced that Harry L. Page, 58, will assume the new position of President and Chief Operating Officer, effective April 1, 2005. James G. Bradley will continue as Chairman of the Board and CEO.