Steel News

Timken Teams with Habitat for Humanity to Build LEED-Certified Home

02 July 2010 - A team of volunteers from The Timken Co. will construct Habitat of Greater Stark and Carroll Counties’ first-ever LEED-certified home in Canton, Ohio. The group will begin construction in July on the new home.

AK Steel Announces August 2010 Surcharges

02 July 2010 - AK Steel says it will add a $385 per ton surcharge to invoices for electrical steel products shipped in August 2010.

Schnitzer Steel Reports Highest Earnings since Q4 FY08

01 July 2010 - Schnitzer Steel Industries, Inc. reported diluted earnings per share from continuing operations of $1.43 for its fiscal 2010 third quarter ended May 31, 2010. This compares with a loss per share from continuing operations of ($0.01) for the same quarter of fiscal 2009.

Worthington Reports Q4 and Fiscal Year Results

30 June 2010 - Worthington Industries reported net sales of $626.4 million and net earnings of $33.1 million, or $0.42 per share, for the fiscal 2010 fourth quarter ended May 31, 2010. For the fiscal year ended May 31, the company posted net earnings of $45.2 million, or $0.57 per share.

Cliffs Named to Bloomberg Businessweek’s 50 Top Performers List

29 June 2010 - Cliffs Natural Resources is ninth on Bloomberg Businessweek’s inaugural “50 Top Performers” list, which ranks U.S. corporations with the highest total returns for shareholders in the Standard & Poor’s 500 stock index over the past five years.

Latrobe Specialty Steel Wins AMM Best Operational Improvement Award

25 June 2010 - Latrobe Specialty Steel’s VIM-VAR expansion is selected to receive American Metal Market’s inaugural Award for Excellence for Best Operational Improvement.

AK Steel Honored with Two Awards for Steel Excellence

24 June 2010 - AK Steel receives two "Awards for Steel Excellence" from AMM; one as "Steel Producer of the Year" and the other for "Best Turnaround of the Decade."

Commercial Metals Reports 3rd Quarter Loss

23 June 2010 - Commercial Metals Co. reported a net loss of $8.8 million, or $0.08 per diluted share, on net sales of $1.8 billion for the quarter ended May 31, 2010. This compares with a net loss of $13.1 million, or $0.12 per diluted share, on net sales of $1.3 billion for the same period last year.

ATI Selects Siemens VAI for New Advanced Integrated Hot-Rolling Mill

22 June 2010 - Allegheny Technologies Inc. has selected Siemens VAI Metals Technologies to design, engineer, and supply the hot-rolling mill for ATI Allegheny Ludlum’s Brackenridge, Pa., new advanced specialty metals hot-rolling and processing facility, which is expected to be completed in about four years.

ATI Announces President for ATI Metalworking; New Surcharge for Grain Oriented Steels

21 June 2010 - Allegheny Technologies Inc. recently named Robert S. Wetherbee as Business Unit President of ATI Metalworking Products. The company also announced the addition of a $469 per ton ($23.45/cwt) surcharge for grain oriented steels for shipments beginning August 1, 2010.

Essar Steel Algoma Granted Injunction for Pellet Delivery

18 June 2010 - Essar Steel Algoma has been granted an injunction against Cleveland Cliffs that will force Cliffs to continue delivering pellets to Essar, pending resolution of a pricing dispute between the parties.

U. S. Steel Names General Manager-Logistics Services

18 June 2010 - United States Steel names Gerald W. Gagliano as General Manager—Logistics Services, with responsibility for overseeing all outbound rail, barge and truck operations at all domestic U. S. Steel facilities.

Steel Dynamics Announces Second Quarter Earnings Guidance

17 June 2010 - Steel Dynamics, Inc. announced that it expects to report earnings of $0.20 to $0.25 per diluted share for the second quarter. Anticipated results reflect lower flat-rolled volumes and margins vs. the previous quarter, as well as the impact of both planned and unplanned outages.

Nucor Announces Guidance for Second Quarter Earnings

16 June 2010 - Nucor says it expects to report earnings of $0.20 to $0.25 per diluted share for its second quarter ending July 3, 2010. Results include a $47 million LIFO charge.

Nucor Steel Ads Selected by BtoB as Top Creative of the Decade

16 June 2010 - Ads created for Nucor by Eric Mower and Associates are being recognized by BtoB magazine as among the "Top Creative of the Decade".

Oates Becomes Chairman of the Board of Universal Stainless

15 June 2010 - Universal Stainless & Alloy Products President and CEO Dennis M. Oates assumes the additional post of Chairman of the Board of Directors.

Court Upholds Canadian Law, Dismisses U.S. Steel Case on Unconstitutionality

15 June 2010 - A Canadian Federal Court ruling confirms the federal government's ability and obligation to ensure foreign takeovers of Canadian companies provide real benefits to the country, and dismissing a legal challenge by U.S. Steel, which had argued the Investment Canada Act's enforcement mechanisms were unconstitutional.

NLMK Wins National Environmental Award

11 June 2010 - Novolipetsk Steel has won a National Environmental Award for “Innovative Eco-Efficient Industrial Technologies,” being awarded a special figurine and diploma for the successful implementation of its “Industrial Water Supply System Upgrade” project.

Harsco, EPA Partner on Sustainable Remediation of Former Gulf States Site

10 June 2010 - Harsco and the EPA are celebrating their innovative partnership to process stockpiled waste materials left behind when the Gulf States mill closed operations and filed for bankruptcy more than ten years ago.

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.