Steel News

Esmark Steel Group Acquires Assets of Kelco Metals

21 October 2010 - Esmark Steel Group has acquired the assets of Schaumburg, Ill.-based steel distributor Kelco Metals Inc. for more than $9 million. Kelco Metals will add approximately 50,000 tons of steel shipments annually to the company’s total shipments.

Schnitzer Steel Reports Strong Fiscal 2010 Performance

21 October 2010 - Schnitzer Steel Industries, Inc. reported net income of $18.15 million on revenues of $639.1 million for the fourth quarter, and net income of $70.7 million on revenues of $2.3 billion for the full fiscal year 2010, which ended August 21, 2010.

Carpenter Technology, Sandvik Partner in Powder Technology

20 October 2010 - Carpenter Technology Corp. and Sandvik Materials Technology have established a strategic partnership to mutually reinforce each company’s long-term commitment in powder metal products. Carpenter Technology will acquire a 40% interest in Sandvik Powdermet AB, and Sandvik AB will acquire a 40% interest in Carpenter Powder Products AB.

Steel Dynamics Reports 3rd Quarter 2010 Results

19 October 2010 - Steel Dynamics reports net income of $19 million on net sales of $1.6 billion for the third quarter, and net income of $133 million on net sales of $4.8 billion for the first nine months of 2010.

Allegheny Technologies Updates Third Quarter Outlook

18 October 2010 - Allegheny Technologies is forecasting net income of approximately $0.01 per share for the third quarter 2010, including the impact of several one-time charges.

Nisshin Steel to Further Invest in Acerinox Joint Venture

15 October 2010 - Nisshin Steel has decided to make an additional investment of approximately 5 billion yen and maintain its 30% share in Bahru Stainless (Johor, Malaysia), its joint venture with Acerinox that is now under construction for manufacturing and sales of cold-rolled stainless steel.

Severstal Sparrows Point Reduces Locomotive Emissions

15 October 2010 - Severstal Sparrows Point has completed a clean diesel project that will improve air quality by reducing idling emissions and by helping to increase the energy efficiency of the Sparrows Point switch locomotives.

U. S. Steel Introduces ACRYLUME CF to its Construction Steel Lineup

13 October 2010 - United States Steel announced the addition of ACRYLUME CF™ Coated Sheet to the company’s lineup of construction steels, offering the environmentally conscious metal building construction industry the nation's first chromium-free acrylic coating on GALVALUME® Coated Sheet.

worldsteel Recognizes Safety and Health Leaders

11 October 2010 - The World Steel Association recognized last week four of its member companies for excellence in safety and health programs: BlueScope Steel, Posco, Tata Steel and United States Steel.

ThyssenKrupp Starts up Stainless Production at New Alabama Mill

08 October 2010 - ThyssenKrupp has officially started up its new stainless steel mill in Calvert, Ala., with the successful production of 64 inches wide (roughly 160 cm) product on its cold rolling mill.

OSHA Issues Citations to AK Steel

07 October 2010 - The U.S. Department of Labor's Occupational Safety and Health Administration (OSHA) has issued AK Steel five willful and three other-than-serious citations for failing to record occupational injuries at its Middletown facility. The company is facing proposed penalties of $53,000.

Severstal Sparrows Point Initiates Renewable Energy Program

06 October 2010 - Severstal North America recently initiated a renewable energy program at its Sparrows Point facility in partnership with Renewable Energy Management of Baltimore, who will construct and operate a renewable energy facility that will produce renewable liquid fuel.

Latrobe Specialty Steel Announces Price Increase

06 October 2010 - Latrobe Specialty Steel will raise prices by an average of 5% on all air-melt grades, including tool steel and high speed steel. The increase takes effect with all new orders received beginning October 5.

AK Steel Announces November 2010 Surcharges

05 October 2010 - AK Steel says it will add a $350 per ton surcharge to invoices for electrical steel products shipped in November 2010.

Standard Rail from Steel Dynamics Approved by U.S. Railroads

05 October 2010 - Standard Strength rail produced at Steel Dynamics, Inc.’s Columbia City, Ind., mill has been tested and approved by four U.S.-based Class I railroads and by Amtrak, the National Railroad Passenger Corp. SDI's Structural & Rail Division has begun rail shipments to Class I railroads.

Essar Steel Algoma, Cliffs Reach Interim Agreement for Iron Ore Supply

04 October 2010 - Essar Steel Algoma reaches an agreement with Cleveland Cliffs setting an interim price commencing October 1, 2010, for the provision of iron ore pellets.

Worthington Reports 1st Quarter Fiscal 2011 Results

30 September 2010 - Worthington Industries, Inc. reported net earnings of $23.3 million on net sales of $616.8 million for its fiscal 2011 first quarter ended August 31, 2010.

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

29 September 2010 - Quad Infotech has started the implementation of its [QMOS] MES system at Gerdau Ameristeel's Sayreville's plant, which will allow Sayreville to coordinate its steelmaking and rolling operations from the scrap yard through to bundling and shipping operations.

Siemens Modernizes Qatar Steelworks

29 September 2010 - Siemens VAI Metals Technologies has won an order to modernize Qatar Steel Co.'s steelworks in Mesaieed, Qatar, with the goal of expanding billet production capacity by up to 30% while reducing specific consumption values and waste gas emissions.

Steel Dynamics to Buy Joist-Making Assets from Commercial Metals

29 September 2010 - Steel Dynamics, Inc. has agreed to acquire from affiliates of Commercial Metals Co. certain facilities and assets of CMC's former steel-joist manufacturing operations. These assets will become a part of SDI's wholly owned subsidiary, New Millennium Building Systems.