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

Latest News

Mittal Steel in Talks with Baotou Steel

29 December 2005 - Mittal Steel Co. has confirmed that it is involved in discussions with Baotou Iron and Steel Group Co., Ltd. about a possible participation in this company.

Steel Dynamics Announces Vice President of Ferrous Resources

28 December 2005 - Steel Dynamics, Inc. has promoted Richard J. Brady, 39, to the position of Vice President of Ferrous Resources, effective January 1, 2006.

ITC Votes to End Cases on Steel Wire Rod Imports from China, Germany and Turkey

27 December 2005 - The United States International Trade Commission (ITC) has failed to find a reasonable indication of real or threatened injury to a U.S. industry in regards to carbon and alloy steel wire rod imported from China, Germany, and Turkey that are allegedly sold in the United States at less than fair value.

Arcelor to Enhance Offer for Dofasco Acquisition

26 December 2005 - Arcelor SA announced last week its intention to make an enhanced all-cash offer to acquire all of the outstanding common shares of Canadian steelmaker Dofasco Inc. at C$63.00 per share.

Stelco Court Monitor Files 44th Report

23 December 2005 - Stelco Inc.’s Court-appointed Monitor has filed its forty-fourth report regarding the company's Court-supervised restructuring. The Report provides updated information regarding the sanction hearing, fairness of the plan, and enterprise value and its effect on recovery.

Ispat Inland to Merge with Mittal Steel USA ISG

23 December 2005 - Mittal Steel Co. NV is merging wholly owned U.S. operating subsidiaries Mittal Steel USA ISG Inc. and Ispat Inland Inc.

EPA Cites Keystone Steel & Wire for Clean-Air Violations

22 December 2005 - U.S. Environmental Protection Agency Region 5 has cited Keystone Steel & Wire Co. for alleged clean-air violations at the company's steel production facility in Peoria, Ill.

CMC Reports Near-Record First Quarter

22 December 2005 - Commercial Metals Co. reported first quarter net earnings of $69.6 million on net sales of $1.6 billion for the quarter ended November 30, 2005.

Wheeling-Pittsburgh Files Shelf Registration Statement

22 December 2005 - Wheeling-Pittsburgh Corp. announced that it has filed a shelf registration statement with the Securities and Exchange Commission. This registration statement, upon being declared effective by the SEC, will allow the company to sell up to $125 million, in the aggregate, of its common stock, preferred stock, stock subscription rights and debt securities.

Paulson Announces Substitute Nominee for Algoma Shareholder Meeting

21 December 2005 - Paulson & Co. Inc., which had previously requisitioned a special shareholder meeting to replace a majority of Algoma directors, has now announced a substitution on its slate of nominees for the board — John Hritz, the direct successor to James Wareham as president of AK Steel Corp., who will replace Mr. Wareham.

Steel Dynamics Upgrades Fourth Quarter Outlook

19 December 2005 - Steel Dynamics, Inc. announced it anticipates stronger fourth quarter results than previously expected, with fourth quarter 2005 earnings per diluted share expected to be in the range of $1.20 to $1.25.

AK Steel Announces January 2006 Surcharges

16 December 2005 - AK Steel will add a $215 per ton surcharge to invoices for flat-rolled carbon steel products shipped in January 2006. AK Steel will also add a $255 per ton surcharge to invoices for electrical steel products shipped in January.