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Producers
The latest news on the companies producing steel or raw materials used in the iron- and steelmaking process.
Latest News
Cleveland-Cliffs Reports Year-End 2007 Results
26 February 2008 - Cleveland-Cliffs reports net income of $93.7 million on consolidated revenues of $782.5 million for the fourth quarter, and net income of $270.0 million on record revenues of $2.28 billion for the full year ended December 31, 2007.
OSHA Cites Auburn Metal Processing for Safety Violations
22 February 2008 - OSHA cites Auburn Metal Processing for a total of 22 alleged serious and repeat violations of safety standards following the death of an employee who became caught in a conveyor belt.
Court Approves AK Steel VEBA Settlement with Middletown Retirees
22 February 2008 - The U.S. District Court in Cincinnati approves an agreement between AK Steel and a group of retirees from its Middletown Works that resulted in establishment of a Voluntary Employees Beneficiary Association trust covering approximately 4900 current Middletown Works retirees.
OSHA Cites Auburn Metal Processing for Safety Violations
22 February 2008 - OSHA cites Auburn Metal Processing for a total of 22 alleged serious and repeat violations of safety standards following the death of an employee who became caught in a conveyor belt.
Court Approves AK Steel VEBA Settlement with Middletown Retirees
22 February 2008 - The U.S. District Court in Cincinnati approves an agreement between AK Steel and a group of retirees from its Middletown Works that resulted in establishment of a Voluntary Employees Beneficiary Association trust covering approximately 4900 current Middletown Works retirees.
Quanex Schedules Special Meeting to Approve Merger Agreement
21 February 2008 - Quanex will hold a special meeting for stockholders to approve and adopt the agreement and plan of merger between Quanex and a subsidiary of Gerdau SA.
Nucor to Construct New Coil Processing Center in Mexico
21 February 2008 - Nucor announced plans to construct a new sheet and coiled plate processing center in Mexico with an anticipated capacity in excess of 500,000 tons/year.
AK Steel to Increase Carbon Steel Prices
19 February 2008 - AK Steel will increase spot market prices for carbon steel products, effective immediately for all new orders.
U. S. Steel Announces Retirement of Senior Vice President
19 February 2008 - John J. Connelly, U. S. Steel’s Senior Vice President—Strategic Planning and Business Development, will retire at the end of February following more than 37 years of service to the company.
Worthington Steelpac to Produce Lightweight Steel Distribution Pallet
18 February 2008 - Worthington Industries subsidiary Worthington Steelpac announces plans to begin mass-producing its Steelpac Distribution Pallet in March.
Timken to Increase Prices on Seamless Mechanical Tubing
18 February 2008 - Timken will increase prices on carbon and alloy seamless mechanical tubing, effective with shipments beginning on April 1, 2008.
Blast Furnace Outage to Impact Production at Severstal North America
18 February 2008 - Severstal North America’s overall production volume will be reduced by some 35% due to an outage its “B” Blast Furnace, according to preliminary information released by OAO Severstal.
Timken to Add Manganese to Generic Alloy Surcharge
15 February 2008 - Timken will add manganese to its generic alloy surcharge effective with shipments beginning on April 1, 2008.
ALJ Announces 1st Quarter Earnings for Kentucky Electric
14 February 2008 - ALJ, the parent of Kentucky Electric Steel, posts net income of $4,965,246 for the three months ended December 31, 2007, a strong improvement over the net loss of $395,420 reported for the three months ended December 31, 2006.
Gerdau Ameristeel Reports Record Year-End 2007 Results
14 February 2008 - Gerdau Ameristeel reports net income of $141.4 million on net sales of $1.7 billion for the three months, and record net income of $537.9 million on net sales of $5.8 billion for the year ended December 31, 2007.
Gerdau Ameristeel Announces Agreement to Acquire Century Steel
13 February 2008 - Pacific Coast Steel, a majority owned Gerdau Ameristeel joint venture, will acquire all the assets of Las Vegas-based Century Steel Inc. for consideration totaling $151.5 million.
Core Installs Walking Beam Reheat Furnace for WCI Steel
12 February 2008 - Core Furnace Systems completes successful start-up of a state-of-the-art walking beam furnace for WCI Steel’s plant in Warren, Ohio.
Siemens to Equip Slab Casters for Anshan-Linggang Joint Venture
11 February 2008 - Siemens Metals Technologies will engineer and supply equipment, technological packages and automation systems for two single-strand medium-thickness slab casters to be installed at Chaoyang An-Ling Iron & Steel, a joint venture facility being built by Anshan Iron & Steel and Lingyuan Iron and Steel.
Nucor to Acquire David J. Joseph Company
11 February 2008 - Nucor will buy David J. Joseph Co., one of the country’s leading scrap brokers, in a $1.44-billion deal that will boost its total annual scrap processing capacity and provide access to extensive brokerage operations.
MultiServ Gets Contract Extensions at Corus Ijmuiden, Nucor Yamato
08 February 2008 - Harsco’s MultiServ mill services division is awarded multi-year contract extensions at the 7 million tonne/year Corus IJmuiden strip products works in the Netherlands, and at the Nucor Yamato works in Arkansas, which is preparing for a significant expansion of its production later this year.
