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The latest news on the companies producing steel or raw materials used in the iron- and steelmaking process.

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Latest News

Carpenter Technology Announces New President and CEO

08 June 2010 - Carpenter Technology announces the selection of William A. Wulfsohn as the company’s new President and CEO, replacing Gregory A. Pratt, who is currently serving as interim CEO and President.

Cliffs Reviews Options Regarding Proposed KWG Takeover

08 June 2010 - Cliffs Natural Resources Inc. continues to review its options with respect to making a formal offer for the common shares of KWG Resources Inc. Cliffs may not make such an offer due to KWG’s recent disclosure that it has entered into a binding letter agreement to merge with Spider Resources Inc.

Tata Steel Active on World Environment Day

08 June 2010 - Tata Steel observed World Environment Day at Jamshedpur and all its operational locations, keeping with this year’s global theme, “Many Species. One Planet. One Future.” The day included a widespread tree-plantation drive.

Tata Steel Unveils Environment Awareness Campaign

07 June 2010 - Tata Steel has unveiled its new nationwide environment awareness campaign “Greenfection” to raise awareness and urge the citizens to protect the environment. The launch was marked by “Green Lighting” of the Victoria Memorial and the Tata Centre in Kolkata.

AK Steel Announces July 2010 Surcharges

03 June 2010 - AK Steel says it will add a $395 per ton surcharge to invoices for electrical steel products shipped in July 2010.

Gerdau S.A. Proposes to Acquire Minority Shares in Gerdau Ameristeel

03 June 2010 - Gerdau S.A. has delivered to the Board of Directors of Gerdau Ameristeel a proposal to acquire all shares of Gerdau Ameristeel Corp. that it does not already own for US$11.00 cash per share. The Board has unanimously determined that it would support a transaction at the price, subject to finalization of definitive documentation for the transaction.

Harsco to Provide Services at Severstal Warren, former Geneva Steel

02 June 2010 - Harsco Corp.’s Metals business has secured two new orders totaling close to $40 million for slag processing and onsite environmental services to the U.S. steelmaking sector.

Essar Steel Algoma Takes Action against Cliffs

01 June 2010 - Essar Steel Algoma has commenced arbitration proceedings against Cleveland-Cliffs Iron Co. and some of its affiliates to resolve a pricing dispute and to ensure its supply of iron ore pellets pending a resolution.

AK Steel Announces Senior Management Changes

01 June 2010 - AK Steel’s Board of Directors has approved the promotion of several members of its executive management team, as well as three new vice president positions and the appointment of a new Controller and Chief Accounting Officer.

Nucor Receives Air Quality Permit for St. James Parish Project

26 May 2010 - The Louisiana Department of Environmental Quality has issued an air quality permit, marking a milestone in the construction of a major greenfield facility in St. James Parish. The issuance of the permit allows Nucor to move forward in its site selection process.

Cliffs Proposes Transactions to Acquire KWG, Spider

26 May 2010 - Cliffs Natural Resources Inc. intends to make take-over bids pursuant to which it or an affiliate would acquire all of the common shares of KWG Resources Inc. and/or Spider Resources Inc. not owned by Cliffs or its affiliates.

AK Steel Reports Final Results of Cash Tender Offer, Consent Solicitation

25 May 2010 - AK Steel announced that $321.3 million in aggregate principal amount of the 7 3/4% Senior Notes due 2012 were validly tendered prior to expiration of the company’s cash tender offer and consent solicitation on May 21, 2010.

Olympic Steel Recognized for Safety Excellence

24 May 2010 - Olympic Steel, Inc. has been recognized for its adherence to excellence in safety by the Fabricators & Manufacturers Associations, International. Its facilities in Cleveland, Chicago, and Detroit received Safety Awards of Honor for perfect safety records with no recordable injuries or illnesses for the reporting period.

Cliffs Appoints New Senior Vice President—President of Ferroalloys

24 May 2010 - Cliffs Natural Resources has appointed William C. Boor, former Senior Vice President—Business Development, to the newly created position of Senior Vice President—President, Ferroalloys, effective immediately.

Esmark Completes Acquisition of Five Midwest Service Centers

21 May 2010 - Esmark Steel Group completes its acquisition of five steel service centers in Illinois and Ohio from OAO Severstal.

Commercial Metals Issues Third Quarter Guidance

19 May 2010 - Commercial Metals is estimating that third-quarter results will range from breakeven to a $0.10 per share loss, up from a loss of $1.53 per share in the previous quarter.

Agreement Reached with Allegheny Ludlum on Clean Air Violations

18 May 2010 - The U.S. EPA, Allegheny County Health Department, and U.S. Department of Justice have reached a settlement agreement with Allegheny Ludlum Corp. for alleged Clean Air Act violations at its Natrona silicon steel production plant in Allegheny County, Pa.

Gerdau Ameristeel Announces Departure of Chief Operating Officer

17 May 2010 - Gerdau Ameristeel announces that Vice President and Chief Operating OfficerTerry K. Sutter will be leaving the company for personal reasons, effective May 21, 2010.

ALJ Announces 2nd Quarter Earnings

17 May 2010 - ALJ, the parent company of Kentucky Electric, reported net income of $725,759 on net sales of $49.49 million for the six months ended March 31, 2010.

AISI CEO Comments on GHG Regulation

17 May 2010 - American Iron and Steel Institute President and CEO Thomas J. Gibson believes that the Tailoring Rule issued by the Environmental Protection Agency does not solve the fundamental problems associated with regulating greenhouse gases (GHGs) under the Clean Air Act.

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