Steel News

Steel Dynamics, ThyssenKrupp Steel USA Receive Industry Awards

07 July 2011 - Steel Dynamics, Inc. was recently honored as "Steel Producer of the Year" as part of American Metal Market's second annual Awards for Steel Excellence, while ThyssenKrupp Steel USA was named as the winner for “Best Greenfield Technology”.

Butler Works EAF Sustains Damage in AK Steel Incident

06 July 2011 - The #5 electric arc furnace at AK Steel’s Butler Works sustained some damage on July 1 when molten steel inside the furnace broke through the furnace shell, causing damage to the furnace and some of its components.

AK Steel Announces August 2011 Surcharges

05 July 2011 - AK Steel says it will add a $455 per ton surcharge to invoices for electrical steel products shipped in August 2011.

Schnitzer Reports Strong Third Quarter Fiscal 2011 Results

01 July 2011 - Schnitzer Steel Industries, Inc. reported diluted earnings per share from continuing operations of $1.17 for its fiscal 2011 third quarter ended May 31, 2011.

USW Reaches Tentative Labor Agreements with Allegheny Technologies Facilities

01 July 2011 - The United Steelworkers has reached tentative four-year agreements with ATI Allegheny Ludlum and ATI’s Albany, Ore., titanium operations.

Carpenter Technology Acquires Oilfield Alloys

28 June 2011 - Carpenter announced the acquisition of Singapore-based Oilfield Alloys Pte. Ltd., a manufacturer and distributer of directional drilling equipment in the Asia-Pacific region.

Severstal North America Honored for Steel Excellence

27 June 2011 - Severstal North America was named this year’s winner for Best Brownfield Technology in American Metal Market's 2011 Awards for Steel Excellence for the company’s efforts to remediate a steelworks site in Dearborn.

Schnitzer Honored as Scrap Company of the Year

24 June 2011 - Schnitzer Steel Industries was named ‘Scrap Company of the Year’ this week during American Metal Market's 2nd Annual Awards for Steel Excellence.

AK Steel Recognized for Operational Improvements at Butler, Zanesville

23 June 2011 - AK Steel has received an award from American Metal Market for ‘Best Operational Improvements’.

Severstal NA Appoints Vice President, Strategy and Business Development

22 June 2011 - Severstal North America announced this week the appointment of Saikat Dey as Vice President, Strategy and Business Development.

Commercial Metals Reports 3rd Quarter Results

22 June 2011 - Commercial Metals Co. reported net income of $36.2 million, or $0.31 per diluted share, on net sales of $2.1 billion for the quarter ended May 31, 2011. This compares with a net loss of $8.8 million, or $0.08 per diluted share, on net sales of $1.8 billion for last year's Q3.

Carpenter Technology to Acquire Latrobe

21 June 2011 - Carpenter Technology Corp. and Latrobe Specialty Metals, Inc. have entered into a definitive merger agreement whereby Carpenter will acquire Latrobe in a transaction valued at approximately $558 million. Closing is expected to occur during the first quarter of FY2012, which ends September 30, 2011.

Zhangjiagang Pohang Stainless Steel Establishes 1 Million-Tonne Production Line

20 June 2011 - Posco’s stainless steel production subsidiary in China has established a 1 million-tonne steel production line in the country. Posco held the completion ceremony on June 13.

Nucor Names Grand Prize Winner of Strength of Steel Challenge

20 June 2011 - Nucor Corp. recently concluded its Strength of Steel Challenge with an awards ceremony in Charlotte, N.C., where eight semifinalist teams were flown to present their inventions to Nucor executives. Entrants created a structure out of recycled steel that could be used to support another object in the home, school, or vehicle.

AIST Presents Crane Innovation Award to John Austin of Gerdau Petersburg

17 June 2011 - AIST and its Material Movement and Transportation Technology Division presented the 2011 Crane Innovation of the Year Award to John U. Austin, Mobile Maintenance Manager, Gerdau Petersburg.

Steel Dynamics Provides Second Quarter Earnings Guidance

17 June 2011 - Steel Dynamics, Inc. expects second quarter earnings to be in the range of $0.35 to $0.40 per diluted share, lower than the first quarter 2011 reported results of $0.46, but higher than earnings of $0.22 per diluted share achieved in Q2 2010.

Nucor Provides Guidance for Second Quarter Earnings

16 June 2011 - Nucor announced guidance for its second quarter ending July 2, including the expectation of results in the range of $0.75 to $0.80 per diluted share.

Universal Stainless to Purchase Assets of Patriot Special Metals

15 June 2011 - Universal Stainless & Alloy Products has signed an agreement to purchase the assets of Patriot Special Metals, a substantially completed greenfield facility located in North Jackson, Ohio.

U. S. Steel Tags Leader for North American Flat-Rolled Product Quality Assurance

15 June 2011 - United States Steel Corp. has appointed Lisa A. Roudabush to the newly created position of Managing Director – Product Quality for the company's reorganized North American Flat-Rolled Product Quality Assurance organization. Scott D. Buckiso will succeed Roudabush as General Manager – Mon Valley Works. Both appointments will be effective July 1.

U. S. Steel Names Vice President and General Director of U. S. Steel Serbia

14 June 2011 - United States Steel has appointed Michael S. Rhoads Vice President and General Director of U. S. Steel Serbia, replacing Matthew B. Perkins, who will be returning to the U.S. to serve as General Manager of the company’s Gary Works.