Steel News

EPA to Begin Full Investigation at Raritan Bay Slag Superfund Site

08 April 2010 - The U.S. EPA will begin a full investigation of the type and extent of contamination at the Raritan Bay Slag Superfund Site in Old Bridge and Sayreville, N.J., within a few weeks. The site was put on the federal Superfund list in November 2009 after sampling revealed elevated levels of lead in the jetty and seawall.

AK Steel Announces May 2010 Surcharges

07 April 2010 - AK Steel says it will add a $420 per ton surcharge to invoices for electrical steel products shipped in May 2010.

AK Steel Marks 15th Anniversary of Listing on NYSE

06 April 2010 - AK Steel celebrated its fifteenth anniversary of trading on the New York Stock Exchange (NYSE) this week by ringing the NYSE's opening bell, signifying the start of the trading day.

Worthington Reports Fiscal 3rd Quarter Results

05 April 2010 - Worthington Industries reported a net loss of $17.7 million on net sales of $451.1 million for the third quarter ended February 28, 2010, and net earnings of $12.2 million on net sales of $1,316.6 million for the first nine months of fiscal 2010.

EU Hands out Excess Carbon Allowances in 2009

02 April 2010 - The recession led to emissions from industrial plants included in the EU's emissions trading system to drop by 11% in 2009, according to energy information provider ICIS Heren. The EU handed out more free carbon allowances than were actually needed for plants to comply with 2009 emissions.

EPA, NY DEC Investigate Equipment Failure at Tonawanda Coke

02 April 2010 - The U.S. EPA and the New York State Department of Environmental Conservation are investigating equipment failure at Tonawanda Coke that triggered an emergency flare this week to prevent the release of potentially harmful gas.

ALJ Releases 2nd Quarter Revenue Performance

02 April 2010 - ALJ Regional Holdings, the parent company of Kentucky Electric Steel, reported revenues of $28.5 million for the second quarter, and revenues of $49.5 million for the six months ended March 31, 2010.

Carpenter to Record Q3 Non-Cash Expense Related to New U.S. Health Care Law

02 April 2010 - Carpenter Technology will record a non-cash charge of approximately $5.9 million, or $0.13 per share, in its third quarter ending March 31, 2010, as a result of the recently enacted health care reform legislation.

Allegheny Technologies to Record Q1 Charge Due to New Healthcare Law

30 March 2010 - Allegheny Technologies expects to record a non-cash tax charge of approximately $5 million in the first quarter 2010 as a result of the recently-enacted Patient Protection and Affordable Care Act.

Timken Named to List of Most Ethical Companies

29 March 2010 - The Timken Co. has been recognized as one of the World's Most Ethical Companies for 2010 by the Ethisphere Institute, an international organization focused on the advancement of best practices in business ethics, corporate responsibility, and sustainability.

AK Steel Coke Plant Recognized for Safety Performance

29 March 2010 - AK Steel's Ashland, Ky., coke plant has received the Max Eward Safety Award from the American Coke and Coal Chemicals Institute. Employees at the plant worked the entire year of 2009 without a single OSHA-recordable injury.

CMC Reports Second Quarter Loss

25 March 2010 - Commercial Metals Co. reported a net loss of $173.3 million on net sales of $1.32 billion for the second quarter and a net loss of $204.5 million on net sales of $2.72 billion for the six months ended February 28, 2010.

New Healthcare Law Prompts Non-Cash Q1 Charge for AK Steel

24 March 2010 - AK Steel will record a non-cash charge of approximately $31 million in the first quarter of 2010 as the result of the recently-enacted Patient Protection and Affordable Care Act.

Steel Dynamics Sells $350 Million in Notes

18 March 2010 - Steel Dynamics completes the sale of $350 million aggregate principal amount of its 7 5/8% Senior Notes due 2020.

NLMK Launches Final Stage of Environmental Project

18 March 2010 - Novolipetsk Steel has begun the final stage of reconstructing the gas exhaust ducts at BOF Shop No.1 at its main production site in Lipetsk, the goal of which is to improve operational reliability and reduce the company’s environmental impact.

CMC Zawiercie Operates New Bar Mill with Morgan XpertManager

18 March 2010 - Siemens VAI Metals Technologies has received an order from CMC Zawiercie S.A. to equip a new bar mill with the Morgan XpertManager manufacturing execution system, which will enable the company to analyze operations, manage production, and optimize the mill’s throughput.

United States Steel Announces Pricing on Senior Notes Offering

17 March 2010 - United States Steel Corp. announced the pricing of its public offering of $600 million aggregate principal amount of 7.375% Senior Notes due 2020. The notes were priced at 99.125% of the principal amount.

Nucor Announces Guidance for First-Quarter Earnings

17 March 2010 - Nucor Corp. announced guidance for its first quarter ending April 3, 2010. The company expects first-quarter results to be in the range of ($0.05) to $0.05 per diluted share, compared to a loss of $0.60 per diluted share in the first quarter of 2009 and earnings of $0.18 per diluted share in the fourth quarter of 2009.

Tenova Core Consteel® Startup at CMC Mesa

15 March 2010 - Commercial Metals Co. (CMC) has recently completed the successful startup of a new Consteel system designed and supplied by Tenova Core. The new CMC micro-mill plant located in Mesa, Ariz., is producing reinforcing bar.

CMC Anticipates Second Quarter Loss

15 March 2010 - Commercial Metals Co. is estimating it will record a net loss between $170 and $180 million ($1.50 to $1.60 per share) for the quarter ended February 28, 2010.