Steel News

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.

Gerdau Ameristeel Announces New CFO

25 May 2007 - Gerdau Ameristeel’s Tom J. Landa has announced his retirement as Vice President and Chief Financial Officer, effective July 31, 2007. He will be replaced by Barbara R. Smith, the company's Treasurer.

Steelworkers Ratify Agreement at Gerdau Ameristeel MRM

25 May 2007 - Members USW Local 5442 have ratified a new collective agreement with Gerdau Ameristeel MRM Special Sections that incorporates a wage-improvement plan with both cost-of-living and wage increases.

Gerdau Ameristeel Supports Local Good Samaritan Project

24 May 2007 - Gerdau Ameristeel and the Ryan Nece Foundation will present the Bay Pines VA Healthcare System with 17 computers and 44 Web cams with headsets for use in connecting patients with family members located around the country.

Mittal to Restart Gary Plate Mill

24 May 2007 - Mittal Steel USA announced plans to restart its idled Gary Plate Mill, a move that will support the company’s export market plans in the face of strong global demand for plate products in the construction, machinery, and shipbuilding markets.

MultiServ to Process Slag at Provo, Great Lakes

23 May 2007 - Harsco’s MultiServ mill services division is awarded new contracts at U.S. Steel’s Great Lakes Works, New Zealand Steel, and the former Geneva Steel facility related to the environmentally responsible on-site processing and recycling of steelmaking slag by-products.

Commercial Metals Announces Organizational Realignment

23 May 2007 - Commercial Metals will realign its operational and management structure, with CMC Executive Vice Presidents Russell Rinn and Hanns Zoellner assuming expanded management responsibilities for two newly formed operational units - CMC Americas and CMC International.

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.  