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The latest news on the companies producing steel or raw materials used in the iron- and steelmaking process.

Latest News

Nucor Acquires American Compressed Steel

28 August 2008 - Nucor’s David J. Joseph subsidiary completes its acquisition of the American Compressed Steel operations of Secondary Resources, Inc.

Steel Dynamics Increases Share Repurchase Authorization

27 August 2008 - The Steel Dynamics Board of Directors approves a further increase of 10 million shares to the company’s existing share repurchase program.

Nucor Subsidiary Acquires Ambassador Steel

27 August 2008 - Nucor subsidiary Harris Steel completes its acquisition of Auburn, Ind., based Ambassador Steel for a cash purchase price of approximately $185 million.

Nucor to Restart Kingman Bar Mill

27 August 2008 - Nucor announces plans to restart steel bar production at its previously idled rolling mill in Kingman, Ariz.

Increase to Special Litigation Reserve Leads to Updated 2008 Results for Carpenter

26 August 2008 - Carpenter Technology reports an increase in its previously reported special litigation reserve due to a recent trial court decision related to alleged disposal of manufacturing wastes in 1973-74.

FTC Grants Early Termination of Waiting Period for Cliffs-Alpha Merger

26 August 2008 - The Federal Trade Commission grants Cleveland-Cliffs and Alpha Natural Resources early termination of the waiting period under the Hart-Scott-Rodino Act for their proposed merger.

OSHA Cites Deshler Foundry for Workplace Safety and Health Violations

19 August 2008 - OSHA proposes $114,000 in fines against Cast Metals Inc. of Deshler, Ohio, for an alleged willful violation and multiple serious violations of federal workplace safety standards.

New ArcelorMittal Ostrava Workers Don Orange Hardhats for Safety

19 August 2008 - ArcelorMittal Ostrava introduces a new safety measure that will allow quick and easy identification of new employees, who will be wearing orange helmets.

Evraz NA Secures US$725 Million of Bank Financing

18 August 2008 - Evraz Group closes a five-year revolving credit facility and a five-year term loan facility for its North American division, Evraz NA.

Steel Dynamics Announces OmniSource Promotions

14 August 2008 - Steel Dynamics announces management promotions and organizational changes at OmniSource, its wholly-owned metals recycling subsidiary.

Cliffs and Alpha File Preliminary Proxy and Registration Statement

13 August 2008 - Cleveland-Cliffs files a preliminary registration statement on Form S-4 with the Securities and Exchange Commission regarding its proposed merger with Alpha Natural Resources.

CMC Arkansas Implements QMOS as its MES System

13 August 2008 - CMC-Arkansas becomes the second Commercial Metals rolling mill to implement Quad Infotech’s QMOS System.

Steelworkers: This Contract is the New Standard

13 August 2008 - The USW says its new tentative agreement with U.S. Steel increases wages, improves pensions and benefits, addresses local working conditions, and provides for continued capital investments to keep the company’s facilities competitive.

U. S. Steel, USWA Reach Tentative Agreements Covering Domestic Flat-Rolled, Iron Ore, Some Tubular

13 August 2008 - United States Steel reaches a tentative agreement with the USW on a new four-year labor contract covering U. S. Steel's domestic flat-rolled and iron ore mining facilities as well as tubular operations in Lorain, Ohio, Fairfield, Ala., and Lone Star, Texas.

U. S. Steel, USWA Reach Tentative Agreements Covering Domestic Flat-Rolled, Iron Ore, Some Tubular

13 August 2008 - United States Steel reaches a tentative agreement with the USW on a new four-year labor contract covering U. S. Steel's domestic flat-rolled and iron ore mining facilities as well as tubular operations in Lorain, Ohio, Fairfield, Ala., and Lone Star, Texas.

ALJ Announces 3rd Quarter Earnings for Kentucky Electric

12 August 2008 - ALJ, the parent company of Kentucky Electric Steel, reports net income of $2.7 million on net sales of $51.1 million for the quarter, and net income of $9.5 million on net sales of $133.4 million for the nine months ended June 30, 2008.

Nucor Part of Select Group Renewing Performance Track Commitments

12 August 2008 - Nucor Steel’s Auburn Plant is one of 96 facilities that have renewed their membership in EPA's National Environmental Performance Track program, which encourages facilities to work toward goals that are beyond current legal requirements.

Keystone Reports 2nd Quarter Results

11 August 2008 - Keystone Consolidated Industries reports net income of $21.9 million on net sales of $178 million for the second quarter, and net income of $35.5 million on net sales of $312.2 million for the first six months of 2008.

EPA and Republic Engineered Products Reach Agreement on Clean-Air Violations

08 August 2008 - The U.S. EPA reaches agreement with Republic Engineered Products on alleged Clean Air Act violations at the company's steel mill in Lorain, Ohio.

ThyssenKrupp Steel USA to Open Sales Office in Troy

07 August 2008 - ThyssenKrupp Steel USA announces plans to open a new sales office in Troy, Mich., to serve North American manufacturers with products from its new state-of-the-art carbon steel processing facility currently under construction in Calvert, Ala.