Open / Close Advertisement

Producers

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

CSN

CSP

ISG

JFE

LTV

MMK

OMK

TMK

Latest News

Siemens to Supply Temper Mill for Nucor Steel Tuscaloosa

13 June 2007 - Nucor Steel awards Siemens a contract to add a new wide Temper Mill to the existing Cut-to-Length Line at the company’s Tuscaloosa, Ala., facility.

SSAB Gets Green Light for Ipsco Acquisition

13 June 2007 - Ipsco and SSAB Svenskt Stal announce the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 for their proposed plan for SSAB to acquire Ipsco for a cash consideration of U.S. $160 per share.

Nucor Announces 2nd Quarter Earnings Guidance

12 June 2007 - Nucor says it expects earnings for the second quarter to be in the range of $1.05 to $1.15 per diluted share, “historically strong earnings,” but below this year's first-quarter results and the record second quarter earnings achieved last year.

U.S. Steel to Accelerate Repairs at Clairton Coke Works

11 June 2007 - U.S. Steel will invest $76 million in Battery B at its Clairton Coke Works and pay a civil penalty of $395,900 as part of a consent agreement with the Allegheny County (Pa.) Health Department.

Timken Expands Long-Length Steel Tubing Size Capability

08 June 2007 - Timken has gained new sales after expanding its capabilities to produce long-length steel tubing to meet Houston-based Dril-Quip’s request for hot-rolled, quenched, and tempered seamless tubing in lengths up to 37 feet.

Carpenter Breaks Ground for New Facility in Reading

08 June 2007 - Carpenter Technology breaks ground for a $115-million facility in Reading, Pa., that will add new vacuum induction melting furnaces, and new vacuum arc and electro-slag remelting furnaces for a 40% expansion of its premium melt capacity.

Gerdau Ameristeel Announces New COO

07 June 2007 - Gerdau Ameristeel announced the appointment of a new Vice President, Chief Operating Officer responsible for all the company's steel manufacturing and commercial operations, as well as procurement and logistics.

AK Steel Announces Increases for Automotive Exhaust Alloys

07 June 2007 - AK Steel says it will increase transaction base prices by 10 to 16% for stainless steel alloys used primarily in automotive exhaust applications.

Cleveland-Cliffs, Stelco Agree to Sell Wabush Interest

07 June 2007 - Cleveland-Cliffs and Stelco have entered an agreement to sell their 26.8% interest and 44.6% interest, respectively, in the Wabush Mines joint venture to Consolidated Thompson Iron Mines for $64.3 million cash, 3.0 million warrants of common shares, and Consolidated’s assumption of ongoing employee and asset retirement obligations.

SeverCorr Cold Mill Now Operational

07 June 2007 - SeverCorr has successfully started up its new five-stand tandem cold mill — one of only four cold mills in the United States coupled to a pickle line, and the only one capable of producing coils up to 72-inch wide.

AK Steel Announces July Electrical Surcharges

06 June 2007 - AK Steel says it will add a $220-per-ton surcharge to invoices for electrical steel products shipped in July 2007.

Dietrich Metal Framing Announces Resignation of President

06 June 2007 - Worthington Industries has named an interim President for Dietrich Metal Framing following the resignation of Edmund L. Ponko Jr.

California Steel to Boost Production Capacity by 50%

06 June 2007 - California Steel Industries will invest approximately $60 million in a second walking beam reheat furnace and related services that will allow the company to boost its capacity by a million tons per year.

Steelworkers Express Concern over Stelco’s Strategic Review

05 June 2007 - Stelco’s announcement that it is engaged in strategic review is cause for concern, according to Ken Neumann, United Steelworkers' National Director.

AK Tube Plant Receives Safety Award

04 June 2007 - AK Tube LLC’s Columbus, Ind., plant receives the ‘Safety Award of Merit’ from the Fabricators & Manufacturers Association, International for its 2006 safety performance.

Ipsco Announces Special Meeting and Record Dates

04 June 2007 - Ipsco’s Board of Directors has scheduled a special meeting for shareholders to vote on the proposal to adopt the Plan of Arrangement in which Ipsco would be acquired by SSAB Svenskt Stal AB.

Stelco Confirms Strategic Review

04 June 2007 - Stelco confirmed that it is reviewing strategic options, including third-party discussions that are at “a very preliminary stage”.

Cleveland-Cliffs Names Senior Vice President of Business Development

31 May 2007 - Cleveland-Cliffs announces the appointment of William C. Boor as Senior Vice President, Business Development, responsible for identifying and leading initiatives to support company growth.

Steel Dynamics Affirms Healthy Earnings Outlook

30 May 2007 - Steel Dynamics says it expects to report second quarter earnings in the range of $0.95 to $1.00 per diluted share, based on strong market conditions for structural steels and steel bars tempered by weaker-than-projected volumes and pricing for flat rolled steel.

Arcelor Mittal to Sell its 25% Interest in Severgal to Severstal

29 May 2007 - Arcelor Mittal and Severstal announced the agreed sale to Severstal of Arcelor’s 25% minority stake in Severgal, their joint venture located at the Severstal Cherepovets site.

Page 402 of 523