Steel News

Magnesita Awarded Refractory Contract for Gerdau Ameristeel’s Sayreville Facility

28 April 2011 - Gerdau Ameristeel has awarded Magnesita Refratários S.A. a contract to manage all refractory needs for Gerdau’s Sayreville, N.J., steel mill.

AK Steel Reports Financial Results for First Quarter of 2011

27 April 2011 - AK Steel reported net income of $8.7 million on net sales of $1.58 billion for the first quarter of 2011.

United States Steel Reports 2011 First Quarter Results

27 April 2011 - United States Steel reported a net loss of $86 million on net sales of $4.86 billion for the first quarter of 2011.

AK Steel Plants Recognized for Outstanding Safety Performance

26 April 2011 - AK Steel's manufacturing plants in Coshocton and Zanesville, Ohio, have been recognized by the Ohio Bureau of Workers' Compensation, Division of Safety and Hygiene for outstanding safety performance.

Schnitzer Acquires American Metal Group of San Jose

25 April 2011 - Schnitzer Steel Industries has acquired substantially all of the assets of American Metal Group, Inc. and certain of its affiliates which operate from facilities in San Jose and Santa Clara, Calif.

IAM Members Ratify New Labor Agreement for AK’s Middletown Works

25 April 2011 - Members of the International Association of Machinists and Aerospace Workers (IAM), Local Lodge 1943, have ratified a new labor agreement covering about 1,700 hourly production and maintenance employees at AK Steel’s Middletown Works.

Timken Recycles 1.6 Million Tons of Scrap Metal in 2010

22 April 2011 - In 2010, The Timken Co. transformed 1.6 million tons of scrap metal into Timken® steel, which is made from nearly 100% recycled content, including 350,000 tons of recycled scrap metal from Timken operations.

Nalco Program Reduces Water, Energy Usage at Gallatin Steel

22 April 2011 - Nalco helped Gallatin Steel’s mini-mill in Ghent, Ky., reduce its raw water use by 179 million gallons per year and decrease pump operations, saving 2.3 million kW·h of energy annually.

Nucor Reports Stronger Results for First Quarter of 2011

22 April 2011 - Nucor reports consolidated net earnings of $159.8 million on consolidated net sales of $4.83 billion for the first quarter of 2011.

Quad Infotech Implements [QMOS] MES system at Gerdau Ameristeel Sayreville

21 April 2011 - Quad Infotech has completed the implementation of its [QMOS] MES system at Gerdau Ameristeel’s Sayreville facility for seamless coordination of its steelmaking and rolling operations throughout the entire operation.

Steel Dynamics Reports Significantly Stronger First Quarter 2011 Results

19 April 2011 - Steel Dynamics reported first quarter net income of $106 million on net sales of $2.0 billion.

Timken Increasing Capacity Across its Steel Plants

19 April 2011 - The Timken Company announced it will increase its annual steelmaking capacity by 120,000 tons across its steel manufacturing facilities in Canton, Ohio.

Tenova Core to Supply Walking Beam Furnace for Gerdau Ameristeel

18 April 2011 - Gerdau Ameristeel has contracted Tenova Core to design and supply a 140 tonnes/hour walking beam reheat furnace at Gerdau’s Calvert City, Ky., facility.

Steel Dynamics, LaFarga Create Copper Wire Rod Venture

18 April 2011 - Steel Dynamics, Inc. and LaFarga Group are creating a new partnership that will utilize recycled copper scrap to produce higher-margin copper wire rod.

Steel Dynamics Names Millett President and COO

15 April 2011 - Steel Dynamics, Inc.’s board of directors has approved the appointment of Mark D. Millett to the new position of President and Chief Operating Officer, effective immediately. Richard P. Teets Jr. will continue as Executive Vice President and President and COO of Steelmaking.

ThyssenKrupp Starts Coated Production

15 April 2011 - ThyssenKrupp Steel USA recently started production of its first coated prime coil on hot dip galvanizing line (HDGL) number 1. The HDGL lines are the last of the carbon steel start-up’s mills to begin production.

Mesabi Trust Declares Distribution

14 April 2011 - The Trustees of Mesabi Trust have declared a distribution of five cents per Unit of Beneficial Interest payable on May 20, 2011 to Mesabi Trust unitholders of record at the close of business on April 30, 2011.

Cliffs Wins Approval for Consolidated Thompson Acquisition

14 April 2011 - The Minister of Industry has approved Cliffs Natural Resources’ proposed acquisition of Consolidated Thompson Iron Mines Limited, under the Investment Canada Act, on the basis that the transaction is likely to be a net benefit to Canada.

RG Steel Announces Executive Appointments

13 April 2011 - RG Steel President and CEO V. John Goodwin announced four key executive appointments including Chief Financial Officer, Chief Commercial Officer, Chief Administrative Officer, and Chief Operating Officer.

Siemens to Supply Static Var Compensation System to CMC Steel Texas

13 April 2011 - CMC Steel Texas has placed an order with Siemens Industry, Inc. to supply a turnkey SVC Plus static var compensation system for the company’s steel minimill in Seguin, Texas.