Steel News

Nucor Reports Record 1st Quarter Results

18 April 2008 - Nucor reports consolidated net earnings of $409.8 million on record consolidated net sales of $4.97 billion for the first quarter of 2008, marking the company’s fifth consecutive year of reporting record first-quarter earnings.

Eaton Recognizes CMC Group for Supplier Excellence

17 April 2008 - Eaton Corp. honors CMC’s National Accounts Group as one of its ‘best suppliers’ for its scrap metal management program.

California Steel Reports 1st Quarter Results

17 April 2008 - California Steel Industries reports net income of $9.6 million on sales revenues of $369.2 million for its first quarter ended March 31, 2008.

ArcelorMittal and Nippon Steel to Add 2nd Continuous Galv Line at I/N Kote

17 April 2008 - ArcelorMittal and Nippon Steel announce plans to double galvanized production capacity at their I/N Kote joint venture with the addition of a new $240-million continuous galvanizing line.

Steel Group Launches Global CO2 Emissions Data Collection Project

16 April 2008 - IISI implements Phase 2 of its global sectoral approach to climate change for the steel industry, which centers on the secure collection of CO2 emissions data from steel operations worldwide.

OAO Severstal Reorganizes to Facilitate Growth

15 April 2008 - OAO Severstal announces a reorganization of its businesses into three principal divisions: Severstal Russian Steel, Severstal Resources, and Severstal International.

Carpenter Forecasts 3rd Quarter Earnings Expectations

15 April 2008 - Reduced demand in most of its markets prompts Carpenter Technology to downgrade its expectation for third-quarter net income into the range of $1.00 to 1.05 per diluted share.

Mesabi Trust Declares Distribution

14 April 2008 - Trustees of Mesabi Trust declare a distribution of twelve cents per Unit of Beneficial Interest payable on May 20, 2008, which compares to a distribution of four and one-half cents per Unit for the same period last year.

WCI Steel Announces New VP-Quality and Continuous Improvement

14 April 2008 - WCI Steel hires Joseph A. Knecht as Vice President, Quality and Continuous Improvement to support its strengthened commitment to continuous improvement.

Universal Stainless Announces New Director

09 April 2008 - Universal Stainless & Alloy Products announces the addition of M. David Kornblatt to the company's Board of Directors, increasing the number of Directors to five.

AK Steel to Increase Carbon Steel Prices

08 April 2008 - AK Steel will increase spot market prices by $150 per ton for its carbon steel products, effective with all new orders.

Zanesville Works Honored for Safety and Community Impact

08 April 2008 - AK Steel's Zanesville Works is honored by the Safety and Hygiene division of the Ohio Bureau of Workers' Compensation, and for its positive impact in the local community by the Muskingum Growth Partnership.

AK Steel Announces May 2008 Surcharges

07 April 2008 - AK Steel will add a $405 per ton surcharge to invoices for electrical steel products shipped in May 2008.

SMS Demag to Upgrade Steel Dynamics Bloom Caster

07 April 2008 - Steel Dynamics contracts SMS Demag to upgrade the bloom caster at the Pittsboro, Ind., facility for the production of larger section sizes.

Schnitzer Steel Reports Record 2nd Quarter Earnings Per Share

04 April 2008 - Schnitzer Steel Industries reports net income of $36 million on revenues of $751 million for the fiscal 2008 second quarter, and net income of $61 million on revenues of $1355 million for the six months ended February 29, 2008.

Steel Dynamics Completes Notes Offering

04 April 2008 - Steel Dynamics completes its unsecured note offering of $375 million of 7-3/4% Senior Notes due 2016.

SMS Demag to Provide 2nd X-Melt LF for Nucor Steel Tuscaloosa

04 April 2008 - SMS Demag will supply an X-Melt ladle furnace and automation package for Nucor Steel Tuscaloosa, as well as a complete X-Melt meltshop for A. Finkl & Sons.

Gerdau Ameristeel Announces Acquisition of Century Steel

03 April 2008 - Gerdau Ameristeel’s majority-owned joint venture Pacific Coast Steel acquires the assets of Las Vegas based Century Steel for approximately $152 million.

Nucor Completes Acquisition of Galamba Metals Group, MRS

03 April 2008 - Nucor’s wholly owned subsidiary, The David J. Joseph Co., completes the acquisition of Kansas City, Mo., based Galamba Metals Group, and Monroe, N.C., based Metal Recycling Services Inc.

Nucor Named One of BusinessWeek’s 50 Top Performing Companies

03 April 2008 - Nucor is again named to the BusinessWeek 50, the annual list that ranks top-performing companies based on the rate of return on investment and sales growth over a three-year period.