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Producers
The latest news on the companies producing steel or raw materials used in the iron- and steelmaking process.
Latest News
Timken Announces New Vice President of Rail Business
31 August 2011 - The Timken Co. announced the appointment of Brian J. Ruel to the position of Vice President of Rail, effective Oct. 1.
Severstal North America Successful on Two Patent Cases
30 August 2011 - The jury award won by Severstal North America in its defense of ArcelorMittal’s patent infringement assertions has been upheld by the trial judge. Severstal says it also continues to achieve favorable decisions in a patent reexamination proceeding regarding a patent owned by ArcelorMittal regarding the production of aluminum-coated, boron-bearing carbon steel.
OAO Severstal Reports Second Quarter Results
29 August 2011 - OAO Severstal announced net profit of $602 million on revenue of $4,383 million for the second quarter, and net profit of $1,122 million on revenue of $8,110 million for the six months ended June 30, 2011.
Timken, UA to Accelerate Commercialization of Specialized Research
26 August 2011 - The University of Akron (UA) and The Timken Co. have announced an open-innovation agreement to accelerate technology development. The organizations plan to combine their expertise in materials and surface engineering at newly established laboratories in the UA College of Engineering.
Carpenter to Build New Premium Products Facility
26 August 2011 - Carpenter Technology announced plans to construct a new state-of-the-art manufacturing facility capable of producing approximately 27,000 additional tons per year. The new facility is to include remelting, forge, and associated finishing and testing capabilities.
Timken Evaluates $225 Million Expansion at Faircrest
25 August 2011 - The Timken Co. is considering an investment of $225 million at its Canton, Ohio-based Faircrest Steel Plant that would increase capacity, expand product range, and strengthen competitiveness of Timken® alloy steel bars.
Universal Completes Purchase of Patriot Special Metals
22 August 2011 - Universal Stainless & Alloy Products has completed its purchase of Patriot Special Metals, a nearly completed Greenfield facility located in North Jackson, Ohio.
Severstal NA Starts up New Cold Mill Complex at Dearborn
19 August 2011 - Severstal North America has successfully launched a new five-stand, six-high, 72-in-wide coupled pickle line tandem cold mill at its plant in Dearborn, Mich. The new facility is expected to ramp up to full capacity of 2.1 million net tons within six months.
EMCOR to Upgrade Electrical System for Indiana Harbor HSM
18 August 2011 - ArcelorMittal has awarded a contract to EMCOR Group subsidiary EMCOR Hyre Electric to upgrade the electrical systems for the company’s Indiana Harbor facility in East Chicago, Ind.
Keystone to Withdraw Registration Statement for Subscription Rights Offering
18 August 2011 - Keystone Consolidated Industries has decided not to proceed with its proposed subscription rights offering following the purchase of 1.55 million shares of Keystone common stock in a private transaction by majority shareholder Contran.
PBGC Negotiates Pension Funding for Sand Springs Workers
17 August 2011 - The Pension Benefit Guaranty Corporation has reached an agreement with Gerdau that will add $18.6 million in additional pension funding covering more than 780 workers and retirees in Sand Springs, Okla.
Enviance to Provide Environmental System for ArcelorMittal USA
17 August 2011 - ArcelorMittal USA has selected Enviance, Inc.’s cloud-based software to manage data for air emissions, greenhouse gas (GHG) inventory, material safety data sheets (MSDS), water and waste.
ALJ Reports Third Quarter Results
16 August 2011 - ALJ Regional Holdings, the parent company of Kentucky Electric Steel, reported net income of $2.5 million on revenue of $43.2 million for the third quarter and net income of $5.5 million on revenue of $116.1 million for the nine months ended June 30, 2011.
AK Steel Announces Carbon Steel Price Increase
11 August 2011 - AK Steel announced plans to increase current spot market base prices for all carbon flat-rolled steel products.
FTC Requests Additional Info Regarding Carpenter’s Acquisition of Latrobe
09 August 2011 - The U.S. Federal Trade Commission has submitted requests to both Carpenter Technology and Latrobe Specialty Metals for additional information regarding Carpenter's pending acquisition of Latrobe.
Latrobe Specialty Negotiates Wage Re-opener with Local 1537
08 August 2011 - United Steelworkers’ Local 1537 overwhelmingly approved a tentative agreement with Latrobe Specialty Metals Co. on Saturday, July 30th.
Evraz to Expand Portland Tubular Operations
08 August 2011 - Evraz Group plans to expand Evraz Inc. NA’s structural tubing facility in Portland, Ore., to add capacity to manufacture API-certified pipe. The expansion is scheduled for completion by August 2012.
Commercial Metals Adopts Stockholder Rights Plan
02 August 2011 - The Board of Directors of Commercial Metals Co. has adopted a Stockholder Rights Plan with a 10% threshold; stockholders with existing positions over 10% will be grandfathered.
AK Steel Announces September 2011 Surcharges
02 August 2011 - AK Steel will add a $460 per ton surcharge to invoices for electrical steel products shipped in September 2011.
U. S. Steel Announces Executive Appointments
02 August 2011 - United States Steel announced two executive appointments in its corporate risk management and finance organizations; both appointments are effective immediately.
