Steel News

Cleveland-Cliffs Announces Two-for-One Stock Split

10 November 2004 - Cleveland-Cliffs Inc.’s Board of Directors has approved a two-for-one stock split as well as the reinstatement of a quarterly cash dividend payment to holders of its common shares. A scheduled dividend payment on the company's 3.25% Redeemable Cumulative Convertible Perpetual Preferred Stock was also authorized.

Nucor Installs Motank System on Birmingham EAF

10 November 2004 - Nucor Steel Birmingham Inc. recently installed the Motank, a remote controlled slag door ram supplied by Moré, Gemona del Friuli, Italy. The system was installed on the facility’s 60-ton AC EAF.

Stelco to Evaluate Bondholder Proposal

10 November 2004 - Stelco Inc. has received a comprehensive proposal from a group of its bondholders, as well as several other expressions of interest. Stelco's Board of Directors, in consultation with its advisors, is actively reviewing the bondholder proposal.

Wheeling-Pittsburgh Reports 3rd Quarter Results

09 November 2004 - Wheeling-Pittsburgh Corp., the holding company of Wheeling-Pittsburgh Steel Corp., reported net income of $35.6 million on net sales of $401.8 million for the quarter ended September 30, 2004.

Stelco Reports 3rd Quarter Results

08 November 2004 - Stelco Inc. reported net earnings of $58 million on net sales revenue of $953 million in the third quarter ended September 30, 2004.

ATI Allegheny Ludlum to Supply Taiwan Power Project

05 November 2004 - ATI Allegheny Ludlum has been selected to supply specialty metals for the reactor building service-water piping system at the Taiwan Power Co. (Taipower) Number 4 power plant located in Lungmen, Taiwan.

CMC Acquires California Fabricating Operation

05 November 2004 - Commercial Metals Co. announced the acquisition of substantially all of the operating assets of the J. L. Davidson Co.'s rebar fabricating facility located in Rialto, Calif.

TXI Hires New Vice President and General Counsel

04 November 2004 - Texas Industries, Inc. recently announced the hiring of Frederick G. Anderson for the position of Vice President and General Counsel, effective November 1, 2004.

Allegheny Ludlum Announces Tool Steel Price Increase

04 November 2004 - ATI Allegheny Ludlum announced a 6% base prices increase for tool steel products, including Hot-Rolled Annealed (HRA) and Econ-O-Miser™ (Milled and Ground) products.

Timken Reports 3rd Quarter Results

04 November 2004 - The Timken Co. announced net earnings of $17.5 million on sales of $1.1 billion for the third quarter, and net income of $71.3 million on sales of $3.3 billion for the first nine months of 2004.

EPA Cites ISG Cleveland for Clean-Air Violations

04 November 2004 - U.S. Environmental Protection Agency Region 5 has cited ISG Cleveland Inc. (formerly an LTV Steel Co. Inc. facility) for alleged clean-air violations at the company's iron and steel production plant at 3060 Eggers Road, Cleveland, Ohio.

More Starts up LimeJet Technology on Charter Steel EAF

04 November 2004 - Charter Steel recently started up Moré SRL’s LimeJet, a pneumatic lime injection technology, in their 100-ton DC EAF.

Gerdau Ameristeel Announces 3rd Quarter Results

03 November 2004 - Gerdau Ameristeel Corp. reported net income of $144.3 million on net sales of $807.9 million for the quarter, and net income of $271.3 million on net sales of $2.2 billion for the nine months ended September 30, 2003.

Oregon Steel Mills Announces Record 3rd Quarter Results

02 November 2004 - Oregon Steel Mills, Inc. reported record net income of $50.3 million on record sales of $348 million for the third quarter of 2004.

Republic Starts up New Saw Line in Canton

02 November 2004 - Republic Engineered Products Inc. announced the startup of a new saw line for bars produced at its Canton plant. The $285,000 investment boosts annual cutting capacity at the Canton facility by 40,000 tons.

Gerdau Ameristeel Closes North Star Steel Acquisition

02 November 2004 - Gerdau Ameristeel Corp. has completed its acquisition of the North Star Steel assets from Cargill, Inc. The deal includes the fixed assets and working capital of four long steel product minimills in St. Paul, Minn.; Wilton, Iowa; Calvert City, Ky.; and Beaumont, Texas; three wire rod processing facilities in Beaumont, Texas; Carrollton, Texas; and Memphis, Tenn.; and a grinding ball facility in Duluth, Minn. Integration of these operations will provide Gerdau Ameristeel's customers with expanded geographical coverage and a broader range of products.

Ipsco Reports Continued Strong Earnings in Third Quarter

01 November 2004 - Ipsco Inc. announced net income of $144.5 million on sales of $641.9 million for the third quarter, and net income of $242.2 million on sales of $1,673.0 million for the nine months ended Sep. 30, 2004.

MultiServ Logs Two Multi-Year Contracts

01 November 2004 - Worldwide industrial services and products company Harsco Corp. announced that its MultiServ mill services division has been awarded multi-year contracts totaling more than $15 million in projected new revenues over their duration for on-site mill services at two specialty steel plants in the U.S. and UK.

VAI to Expand Hadeed DR Plant and Meltshop

01 November 2004 - As the leader of two international consortia, VAI has received an order from Hadeed (Saudi Iron and Steel Co.), Saudi Arabia, for the enlargement of hot metal and steel-producing capacity at its Al-Jubail complex.

New Blast Furnace to Strengthen ThyssenKrupp Stahl Duisburg Location

01 November 2004 - ThyssenKrupp Stahl AG has announced a new blast furnace concept that will make a lasting improvement to both the environment and the job situation in the industrial city of Duisburg.