Steel News

AK Steel Reports 4th Quarter, Full-Year 2011 Results

03 February 2012 - AK Steel reported a net loss of $193.9 million on net sales of $1,509.2 million for the fourth quarter, and a net loss of $155.6 million on net sales of $6,468.0 million for the full year of 2011.

U. S. Steel Reports 4th Quarter and Full-Year Results

01 February 2012 - United States Steel reported a net loss of $226 million on net sales of $4.664 billion for the fourth quarter, and a net loss of $68 million on net sales of $19.636 billion for the full year 2011.

United States Steel to Sell U. S. Steel Serbia

31 January 2012 - United States Steel Corp. announced plans to sell its U. S. Steel Serbia d.o.o. unit to the Republic of Serbia for a nominal purchase price.

Universal Stainless Reports 4th Quarter 2011 Results

30 January 2012 - Universal Stainless & Alloy Products, Inc. reported net income of $4.3 million on sales of $62.2 million for the fourth quarter, and net income of $18.1 million on record sales of $252.6 million for the full year of 2011.

Nucor CEO Wins AISC Robert P. Stupp Award

30 January 2012 - Nucor Corp. Chairman and Chief Executive Officer, Daniel R. DiMicco, was announced as the recipient of the Robert P. Stupp Award for Leadership Excellence by the American Institute of Steel Construction. He will be honored at AISC's 2012 North American Steel Construction Conference in April.

Carpenter Technology Reports Second Quarter Results

30 January 2012 - Carpenter Technology reported net income attributable to Carpenter of $23.6 million ($0.52 per share) for the quarter ended December 31, 2011.

Allegheny Technologies Reports 4th Quarter, Full Year 2011 Results

27 January 2012 - Allegheny Technologies Inc. reported net income for the fourth quarter 2011 of $31.7 million, or $0.29 per share, on sales of $1.25 billion. For the full year 2011, net income was $214.3 million, or $1.97 per share, on sales of $5.18 billion.

Nucor Reports Results for 4th Quarter, Year Ended 2011

27 January 2012 - Nucor Corp. reported consolidated net earnings of $137.1 million on consolidated net sales of $4.83 billion for the fourth quarter, and consolidated net earnings of $778.2 million on consolidated net sales of $20.02 billion for the full year 2010.

Nucor to Expand Special Bar Quality Production

26 January 2012 - Nucor Corp. has announced plans for the continued expansion of its special bar quality (SBQ) production capabilities by a combined one million tons over the next two years. 

Steel Dynamics Reports 4th Quarter, 2011 Results

26 January 2012 - Steel Dynamics, Inc. announced net income of $30 million on net sales of $1.9 billion for the fourth quarter, and net income of $278 million on net sales of $8.0 billion for the full year 2011.

ALJ Reports First Quarter Revenue Performance

26 January 2012 - ALJ Regional Holdings, the parent company of Kentucky Electric Steel, reported revenue of $38.9 million for the first fiscal quarter ended December 31, 2011.

AK Steel Announces Stainless Steel Price Increase

25 January 2012 - AK Steel announced plans to increase base prices for all 200, 300 and 400 series flat rolled stainless steel products, effective with shipments on March 4, 2012.

AK Steel Announces Retirement of Alan McCoy

24 January 2012 - AK Steel announces the retirement of Alan H. McCoy, Vice President, Government and Public Relations, effective January 31, 2012.

RG Steel Restarts Blast Furnace at Sparrows Point, Strengthens Liquidity with New Capital

23 January 2012 - RG Steel announced that the “L” blast furnace at its Sparrows Point plant has resumed operations and should reach normal operating rates within several days. The company also announced that affiliates of Cerberus Capital Management, L.P. and The Renco Group, Inc. have committed to provide RG Steel with significant new capital that improves its liquidity and provides the financial ability to execute its business strategy.

Carpenter and Latrobe Amend Merger Agreement

17 January 2012 - Carpenter Technology has entered into an Amendment of the Merger Agreement with the owners of Latrobe Specialty Metals.

Timken Workers Reject Agreement

17 January 2012 - Members of United Steelworkers Local 1123 based in Canton failed to ratify a tentative agreement between their bargaining representatives and Timken.

Severstal NA Hot Commissions New Hot Dip Galvanizing Line

16 January 2012 - Severstal North America’s new Hot Dip Galvanizing Line (HDGL) in Dearborn, Mich., has begun production of galvanized products. The new HDGL includes state-of-the-art controls for coating thickness and surface texture, as well as alloy and phase control.