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

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AK Steel Announces June Electrical Surcharges

03 May 2007 - AK Steel says it will add a $310 per ton surcharge to invoices for electrical steel products shipped in June 2007.

SSAB to Acquire Ipsco

03 May 2007 - Ipsco and SSAB Svenskt Stal AB have entered into an agreement providing for SSAB to acquire Ipsco for U.S. $160 per share in cash, giving the deal a total equity value of U.S. $7.7 billion. The Boards of Directors for both companies have approved the transaction.

Gerdau Ameristeel Appoints Communications Executive

02 May 2007 - Gerdau Ameristeel announced that Steven Hendricks has joined Gerdau Ameristeel as Director, Corporate Communications and Public Affairs.

California Steel Reports 1st Quarter Results

02 May 2007 - California Steel Industries, Inc. reported net income of $1.3 million on sales of $314.7 million for the first quarter ended March 31, 2007.

Quebec Cartier Mining Announces New CEO

01 May 2007 - Quebec Cartier Mining Co. announced that Francois Pelletier will become President and CEO, succeeding Jacques Chabanier, who is retiring.

Stelco Reports Improved Results for 1st Quarter

01 May 2007 - Stelco reported EBITDA of $13 million and a $35-million loss before income tax of for the first quarter ended March 31, 2007, a substantial improvement over the negative $82-million EBITDA and $145-million loss before income tax reported in the fourth quarter 2006.

CORE to Supply Consteel System for New CMC Arizona Facility

01 May 2007 - Danieli Corp. recently contracted Core Furnace Systems to design and supply a Consteel® system for a new CMC continuous steelmaking facility in Mesa, Ariz. 

Croatian Government Accepts CMC’s Mill Bid

30 April 2007 - Commercial Metals announced that its second bid to acquire Valjaonica Cijevi Sisak (VCS) has been accepted by the Croatian Privatization Fund and Croatian government. The April 17, 2007 bid was submitted via Swiss subsidiary, Commercial Metals International AG.  

Dofasco Provides Update on Notes Redemption

30 April 2007 - Dofasco has received the required written resolutions from noteholders authorizing amendments to the terms and conditions of each series of notes that will permit redemption of the 7.55% notes due October 1, 2008, and the 4.961% notes due June 15, 2017.

Timken Reports 1st Quarter Results

27 April 2007 - Timken reports income from continuing operations of $41.6 million on sales of $1.28 billion during the first quarter of 2007.

Steel Dynamics Comments on Industry Consolidation Activity

27 April 2007 - Steel Dynamics issues statement to clarify its position regarding recent consolidation activity in the U.S. metals industry.

Carpenter Technology Elects Chief Technology Officer

26 April 2007 - Carpenter Technology announced the appointment of Dr. Sunil Y. Widge as Senior Vice President and Chief Technology officer.

Chaparral Steel Initiates Review of Strategic Alternatives

26 April 2007 - Chaparral Steel’s Board of Directors has initiated a review of strategic alternatives, and has retained Goldman, Sachs & Co. to assist in the review.

Allegheny Technologies Reports Strong 1st Quarter

26 April 2007 - Allegheny Technologies reported net income of $197.8 million on sales of $1.37 billion for the first quarter 2007.

Republic Enters New Technology Agreement with Kobe

26 April 2007 - Republic Engineered Products announced that Kobe Steel and its subsidiary Kobe Technologies Proprietary have entered into a new agreement to provide production technology to Republic. 

Cleveland-Cliffs Provides 1st Quarter Operations Update

26 April 2007 - Cleveland-Cliffs announced selected operating information for the three months ended March 31, 2007, but information is limited due to the ongoing review of the company’s application of SFAS 133.

AK Steel Reports 1st Quarter Results

25 April 2007 - AK Steel reported net income of $62.7 million on record net sales of $1,719.9 million for the first quarter of 2007.

United States Steel Reports 1st Quarter Results

25 April 2007 - United States Steel reported net income of $273 million on net sales of $3756 million for the first quarter of 2007.

Ipsco Reports First Quarter Earnings

24 April 2007 - Ipsco announced net income of $109.4 million on record sales of $1.03 billion for the first quarter of 2007.

Nucor Contracts CORE for Low-NOx Burners at Plymouth

24 April 2007 - Nucor Steel recently contracted Core Furnace Systems to provide the latest generation of flameless low-NOx burners for the existing walking-hearth reheat furnace at its Plymouth, Utah, facility.

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