Steel News

NSA Honors Tube City IMS Operations for Safety Performance

27 March 2008 - Several Tube City IMS sites receive a total of 35 Safety and Industry Best Practices awards from the National Slag Association in recognition of superior performance as measured against OSHA recordable injury rates.

ArcelorMittal Announces Closure of Lachine Wire Mill in Montreal

27 March 2008 - ArcelorMittal announces that its Long Carbon North America–Wire Group will close down its Lachine wire mill in Montreal on June 30.

CMC Reports 2nd Quarter Results

26 March 2008 - Commercial Metals reports net earnings of $39.8 million on net sales of $2.3 billion for the quarter, and net earnings of $108.9 million on net sales of $4.4 billion for the six months ended February 29, 2008.

John Deere Honors Worthington Steel as a Partner-Level Supplier

25 March 2008 - Deere recognizes Worthington Steel as a Partner-level supplier for 2007, the company’s highest supplier rating.

AK Steel Announces Additional Carbon Steel Price Increase

25 March 2008 - AK Steel will increase spot market prices by $50 per ton for its carbon steel products, effective immediately for all new orders.

Timken Reports Changes to Growth and Innovation Leadership Team

25 March 2008 - Timken announces a reorganization of its innovation and growth group that the company says will help streamline the strategic planning and innovation processes.

AK Steel Board Okays Long-Term Agreement with Sun Coke

25 March 2008 - AK Steel’s board of directors approves a 20-year supply contract with SunCoke Energy to provide metallurgical-grade coke and electrical power from a new facility to be built adjacent to AK Steel's Middletown Works.

Worthington Reports Third Quarter Results

24 March 2008 - Worthington Industries reports net earnings of $18.3 million on net sales of $725.7 million for the third quarter, and net earnings of $53.2 million on net sales of $2,198.3 million for the nine months ended February 29, 2008.

Cleveland-Cliffs Comments on United Taconite Accident Report

24 March 2008 - Cleveland-Cliffs comments on a U.S. Mine Safety and Health Administration report regarding an April 2007 accident that resulted in the death of a United Taconite miner.

SeverStal to Acquire Sparrows Point

24 March 2008 - OAO SeverStal reaches agreement to purchase the Sparrows Point facility from ArcelorMittal for an all-cash purchase price of US$810 million.

U.S. Steel Names General Manager—Logistics Services

21 March 2008 - United States Steel announces the promotion of William Michael Moss to the position of General Manager - Logistics Services.

ArcelorMittal Dofasco, USW to Explore Potential for Certification

20 March 2008 - ArcelorMittal Dofasco and the United Steelworkers agree to a unique process that will allow employees to interact with and evaluate the suitability of a union to the company’s unique working culture. Later, employees will choose whether or not they wish to be part of the global partnership between ArcelorMittal and its union partners.

U.S. Steel Reaches Deal with Health Department on Emissions Violations

19 March 2008 - U.S. Steel reaches a consent order and agreement with the Allegheny County Health Department regarding air pollution violations at the company’s Clairton Coke Works and the Edgar Thomson Plant in Braddock, Pa.

Nucor to Acquire Monroe-Based Metal Recycling Services

19 March 2008 - Nucor will acquire substantially all the assets of Monroe, N.C., based Metal Recycling Services, a 220,000 tons/year scrap processor.

Evraz, TMK to Buy Ipsco Tubulars from SSAB

17 March 2008 - SSAB announces plans to divest Ipsco Tubulars to Evraz for $4,025 million in cash; Evraz will sell some of the U.S. based Ipsco Tubulars businesses to OAO TMK and its affiliates.

Timken to Enhance Reliability Solutions Offering

14 March 2008 - Timken is expanding its reliability solutions offering through an agreement with Ivara to provide maintenance consulting and training to its industrial customers.

Nucor-Yamato Introduces Deepest U.S.-Manufactured Beams

14 March 2008 - Nucor-Yamato Steel is introducing 44-inch deep wide-flange structural shapes, making it the first mill in the Western Hemisphere to produce sections at this depth.

ArcelorMittal Commences Legal Action to Resolve Wabush Mines Situation

14 March 2008 - ArcelorMittal commences legal action to require U.S. Steel Canada and Cleveland-Cliffs to respect their original commitment to the sale of their interests in the Wabush Mines joint venture to ArcelorMittal Dofasco.

AK Steel Honored for Excellence in Manufacturing

13 March 2008 - Leading Cincinnati business publication Cincy magazine honors AK Steel for excellence in manufacturing for 2007.

ArcelorMittal is First Steel Company to be Named Energy Star Partner of the Year

13 March 2008 - The U.S. EPA and U.S. Department of Energy select ArcelorMittal USA as a 2008 ENERGY STAR Partner of the Year for Energy Management by for its outstanding contributions to protecting the environment and reducing greenhouse gas emissions through energy efficiency.