Producers
The latest news on the companies producing steel or raw materials used in the iron- and steelmaking process.
Latest News
Mittal Steel to Upgrade Burns Harbor Continuous Heat Treat Line
22 May 2007 - Arcelor Mittal announced plans to upgrade the Continuous Heat Treating Line at its Burns Harbor facility, helping to further expand the company's supply of cold rolled advanced high strength steel.
Republic Joins Mercury Switch Recovery Program
22 May 2007 - Republic Engineered Products has joined a national coalition of automobile manufacturers, steel industry associations and environmental groups in the effort to implement the voluntary National Vehicle Mercury Switch Recovery Program, which encourages the removal of mercury switches from scrap automobiles before they are crushed or shredded.
U.S. Steel Announces Redemption of Senior Notes
22 May 2007 - United States Steel has called for full redemption on June 20, 2007, all of its outstanding 9.75% Senior Notes due 2010.
Sunoco Celebrates Start of Construction at Haverhill II Coke Plant
22 May 2007 - Sunoco held a brick-laying ceremony at its second SunCoke Energy Heat Recovery Coke manufacturing plant in Haverhill, Ohio, which will eventually supply coke to both Severstal North America and WCI Steel.
Parsytec to Supply Surface Inspection for USS Kosice Hot Dip Galvanizing Line
18 May 2007 - Parsytec AG has received an order from the Slovakian steelmaker USS Košice to equip their brand-new hot dip galvanizing line (HDG Line No. 3) with Dual Sensor surface inspection technology.
Quanex to Review Strategic Alternatives for Building Products Group
17 May 2007 - Quanex’s Board of Directors has initiated a review of strategic alternatives for its Building Products group, which consists of Engineered Products and Aluminum Sheet Products.
U.S. Steel Prices $1.1 Billion Senior Unsecured Notes
17 May 2007 - United States Steel prices $300 million of 5.65% Senior Notes due 2013, $450 million of 6.05% Senior Notes due 2017, and $350 million of 6.65% Senior Notes due 2037.Part of the proceeds of the offering will be used to fund a portion of the company’s recently approved acquisition of Lone Star Steel.
Dofasco Redeems Medium-Term Notes
16 May 2007 - Dofasco has completed redemption of all of its issued and outstanding 7.55% Series B Notes due October 1, 2008, and all of its issued and outstanding 4.961% Series A Notes due June 15, 2017 — in each case plus accrued but unpaid interest.
Republic Reaches $100 Million in Plant Upgrades
15 May 2007 - New capital investments at Republic Engineered Products have now passed the $100-million mark since Republic became part of Industrias CH, SA de CV (ICH) and Grupo Simec in July 2005.
WCI Steel Reports 1st Quarter Results
15 May 2007 - WCI Steel reports a net loss of $4.3 million on net sales of $201.8 million for the first quarter ended March 31, 2007.
ALJ Announces 2nd Quarter Earnings
14 May 2007 - ALJ Regional Holdings—the parent company of Kentucky Electric Steel—reported net income of $14,652,000 million on net sales of $73,810,000 for the six months ended March 31, 2007.
U. S. Steel Gets FTC Green Light for Lone Star Acquisition
14 May 2007 - United States Steel and Lone Star Technologies have received notice from the Federal Trade Commission of early termination of the Hart-Scott-Rodino waiting period for the previously announced merger in which U. S. Steel would acquire Lone Star for a cash consideration of $67.50 per share.
Wheeling-Pittsburgh Reports 1st Quarter Results
11 May 2007 - Wheeling-Pittsburgh reports a net loss of $59.9 million on net sales of $397.7 million for the first quarter ended March 31, 2007.
Stelco Completes Refinancing of US$270 Million Term Loan
10 May 2007 - Stelco has completed a US$270 million funded term loan refinancing with GE Corporate Lending Canada that refinances the comapny's Cdn$375 million revolving term loan with a more traditional facility that has significantly lower interest rates and fees.
AISI Names Recipients of Market Development Achievement Award
10 May 2007 - The American Iron and Steel Institute announced the recipients of its Market Development Achievement Award during a ceremony held during AISI’s General Meeting in Henderson, Nev.
Cleveland-Cliffs Announces Replacement for Chairman John Brinzo
09 May 2007 - Cleveland-Cliffs’ Board of Directors announced its new Chairman of the Board—President and Chief Executive Officer Joseph A. Carrabba, replacing John S. Brinzo, who is retiring.
Dofasco Continues Toward Redemption of Medium Term Notes
08 May 2007 - Dofasco has provided notice of its intention to redeem all of its 7.55% Series B Notes due October 1, 2008 at the Canada Yield Price, and all of its 4.961% Series A Notes due June 15, 2017 at par, in each case plus accrued but unpaid interest.
Tube City IMS Earns Safety Award for Cayce Facility
04 May 2007 - Tube City’s IMS Division operation in Cayce, S.C., earns the Palmetto Safety Excellence Award from the South Carolina Occupational Safety Council for its outstanding safety performance in 2006.
Carpenter Technology Announces Resignation of CFO
04 May 2007 - Carpenter Technology announced that M. David Kornblatt has resigned as Senior Vice President — Finance and Chief Financial Officer, who is leaving o take a position as CFO with another company.
Gerdau Ameristeel Reports 1st Quarter Results
04 May 2007 - Gerdau Ameristeel Corp. reported net income of $133.5 million on net sales of $1.3 billion for the three months ended March 31, 2007.
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