Steel News

Ohio EPA, Tube City Settle Air Violations

31 December 2008 - The Ohio EPA reports Tube City IMS will pay $71,500 to settle violations of Ohio's air pollution laws related to slag handling and processing operations supporting AK Steel's Middletown Works.

Worthington Sells Share of Aegis Metal Framing Joint Venture

22 December 2008 - ABSTRACT: Worthington Industries subsidiary Dietrich Metal Framing signs agreement to sell its share of Aegis Metal Framing to its partner, MiTek Industries, for approximately $25 million.

Siemag to Supply Automatic Coil Transport System for Severstal NA

22 December 2008 - ABSTRACT: Siemag will supply an automatic coil transport system to Severstal North America for handling steel coils between a new galvanizing plant and a pallet conveyor system.

Worthington Reports 2nd Quarter Results

19 December 2008 - ABSTRACT: Worthington Industries reports a net loss of $159.5 million on net sales of $745.4 million for the second quarter, and a net loss of $90.8 million on net sales of $1658.6 million for the six-month period ended November 30, 2008.

Schnitzer Steel Updates 1st Quarter Expectations

18 December 2008 - ABSTRACT: Schnitzer Steel updates its expectations for fiscal first quarter financial and operating results based on market weakening across all of its product lines, lower sales volumes, and reduced sales prices.

Danieli to Upgrade Two Rebar Mills for Gerdau Ameristeel

15 December 2008 - ABSTRACT: Danieli will upgrade Gerdau Ameristeel’s Sayerville rebar mill with a new roughing mill, and the company’s St. Paul rebar mill with a new finishing end.

Steel Dynamics Provides 4th Quarter, Full-Year Outlook

15 December 2008 - ABSTRACT: Despite an expected fourth-quarter loss of $0.35 to $0.40 per diluted share, Steel Dynamics says it expects to report full-year 2008 earnings in the range of $2.35 to $2.40 per diluted share, reflecting record annual revenues, operating income, and cash flow from operations.

U. S. Steel Names New General Manager-Sales

10 December 2008 - ABSTRACT: United States Steel announced the appointment of newGeneral Manager - Sales to replace Don L. Cook Jr., who will retire after 43 years of service with the company.

U. S. Steel Announces Top-Level Changes at Fairfield Works

10 December 2008 - ABSTRACT: United States Steel announces new General Manager of Fairfield Works to replace Merle Stein, who will retire after 38 years of service with the company.

Nucor Posts 4th Quarter Earnings Guidance

10 December 2008 - Nucor says that it expects to be profitable in the fourth quarter ending December 31, 2008,  although it will be only marginally above the breakeven level.

Westmet to Represent Republic Cold Finished Bar Division

09 December 2008 - Republic Engineered Products announces that Westmet International will now represent Republic’s Cold-Finished Bar Products Division in the western U.S. and western Canada.

Gerdau Ameristeel Implements Quad’s QMOS System at Jacksonville

09 December 2008 - Quad Infotech Inc. recently completed installation of the [QMOS] Level 2 system at Gerdau Ameristeel’s Jacksonville, Fla., facility covering its meltshop, billet inventory, rolling mill, scheduling and quality control.

Worthington Announces Additional Workforce Reductions, Closings

08 December 2008 - Worthington Industries announces additional workforce reductions of approximately 300 employees in its steel processing and metal framing business segments, which equates to approximately 4% of the company’s total workforce.

Forbes Ranks Universal Stainless Among 200 Best Small Companies in America

05 December 2008 - Forbes magazine ranks Universal Stainless & Alloy Products 82nd on its annual list of the 200 Best Small Companies in America for 2008.

Nippon, ArcelorMittal Defer CGL Construction at I/N Kote

05 December 2008 - Nippon Steel and ArcelorMittal will defer further construction on the new continuous galvanizing line at I/N Kote, based on the sudden downturn of the North American automotive market.

Severstal Responds to Supreme Court Appeals Decision

04 December 2008 - Severstal North America comments on the U.S. Supreme Court’s decision to deny any further consideration of appeals of a previous jury verdict in favor of Wheeling Pittsburgh Steel and Mountain State Carbon, now known collectively as Severstal Wheeling.