Steel News

Carpenter Technology Reports 1st Quarter Results

04 November 2009 - Carpenter Technology reports a net loss of $9.3 million on net sales of $233.7 million for the fiscal first quarter ended September 30, 2009.

United Spiral Pipe Dedicates New Facility

04 November 2009 - United Spiral Pipe, a joint venture of U.S. Steel, Posco, and SeAH Steel, recently dedicated its new spiral welded pipe manufacturing facility in Pittsburg, Calif., that will produce 300,000 net tons of line pipe per year at its peak.

Universal Stainless Reports Profitable 3rd Quarter 2009 Results

03 November 2009 - Universal Stainless & Alloy Products reports net income of $312,000 on sales of $25.3 million for the third quarter and a net loss of $3.9 million on sales of $98.2 million for the first nine months of 2009.

AISI Thanks EPA, Congress for Regulations Compromise

03 November 2009 - The American Iron and Steel Institute thanks the U.S. Environmental Protection Agency and Congress for working with the Lake Carriers Association and its member companies on compromise regulations for large vessels sailing on the Great Lakes.

AK Steel Announces December 2009 Surcharges

03 November 2009 - AK Steel will add a $185 per ton surcharge to invoices for electrical steel products shipped in December 2009.

U.S. Steel Announces Executive Changes

03 November 2009 - United States Steel recently announced several executive-level leadership changes. Vice President-Supply Chain & Customer Service John C. Price will retire effective November 30; Anton Lukac will assume his position. Anthony R. Bridge will succeed Lukac.

Commercial Metals Reports 4th-Quarter, Full-Year Profits

02 November 2009 - Commercial Metals reported net earnings of $7.2 million on net sales of $1.5 billion for the fourth quarter and net earnings of $20.8 million on net sales of $6.8 billion for the year ended August 31, 2009.

Tata Steel Mine Honored with National Safety Award

30 October 2009 - The National Safety Award was given to Tata Steel’s West Bokaro Division—an open cast mine—(Quarry South East) for holding the record of “lowest injury frequency rate” for the year 2007. It is the third consecutive year that the division’s safe work culture has been acknowledged nationally.

Environmental Building Material from Baosteel Applied in Shanghai Tower

30 October 2009 - Slag micropowder, the new environmental protection building material developed by Baosteel, has been mass-applied in Shanghai Tower, the tallest building under construction in Asia. The application follows the material’s successful use in the Shanghai World Financial Center.

Timken Reports Third-Quarter Results

30 October 2009 - Timken reports a net loss of $50.1 million on sales of $763.6 million for the third quarter, and a net loss of $113.8 million on sales of $2.37 billion for the first nine months of 2009.

Schnitzer Steel Reports 4th Quarter Net Income

29 October 2009 - Schnitzer Steel reports net income of $10 million on revenues of $556 million for the fiscal fourth quarter, and a net loss of $32 million on revenues of $1.9 billion for the fiscal year ended August 31, 2009.

California Steel Reports Profitable 3rd Quarter

29 October 2009 - California Steel reports net income of $7.4 million on net sales of $147 million for the third quarter and a net loss of $10.8 million on net sales of $398.2 million for the nine months ended September 30, 2009.

United States Steel Reports 3rd Quarter Results

28 October 2009 - United States Steel Corp. reported a net loss of $303 million on net sales of $2.82 billion for the third quarter and a net loss of $1.13 billion on net sales of $7.69 billion for the first nine months of 2009.

AK Steel Reports Net Income for 3rd Quarter

28 October 2009 - AK Steel reported net income of $6.2 million on net sales of $1,041.1 million for the third quarter and a net loss of $114.4 million on sales of $2,756.9 million for the first nine months of 2009.

Allegheny Technologies Completes Acquisition of Crucible Powder Metals

27 October 2009 - Allegheny Technologies completes the purchase of the assets of Crucible Compaction Metals and Crucible Research for $40.95 million. The business has been renamed ATI Powder Metals.

OSHA Levies $82,500 Fine on Republic Engineered Products

23 October 2009 - The U.S. Department of Labor's Occupational Safety and Health Administration cites steel mill Republic Engineered Products in Lorain, Ohio, with one alleged willful and one alleged repeat citation of federal workplace safety and health standards.

Nucor Reports 3rd Quarter Results

23 October 2009 - Nucor reports a consolidated net loss of $29.5 million on consolidated net sales of $3.12 billion for the third quarter and a consolidated net loss of $352.5 million on consolidated net sales of $8.25 billion for the first nine months of 2009.