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Producers
The latest news on the companies producing steel or raw materials used in the iron- and steelmaking process.
Latest News
Commercial Metals Acquires Norfolk Rebar Fabricator
15 November 2005 - Commercial Metals Co. announced the acquisition of substantially all operating assets of Norfolk, Va., reinforcing steel fabricator Hall-Hodges Company.
Stelco Unions Target Restructuring as One Company
15 November 2005 - Stelco local unions recently endorsed a set of seven principles that they will use to evaluate any plan to restructure Stelco. At their meeting, the unions agreed that Stelco must be restructured as one company, not sold off in parts.
Worthington Industries Forms Dietrich Construction Group
11 November 2005 - Worthington Industries announced the formation of Dietrich Construction Group to advance the use of light gauge steel framing in the construction marketplace.
Mittal Steel Proposes to Refund Outstanding Revenue Bonds
11 November 2005 - Mittal Steel Co. NV has proposed the refunding of some or all of the following outstanding revenue bonds:
Domestic Wire Rod Producers File Unfair Trade Cases Filed
11 November 2005 - Five domestic producers of carbon and alloy steel wire rod have filed antidumping duty petitions charging that dumped wire rod imports from P.R. China, Germany and Turkey cause material injury to the domestic industry. The petitioners allege antidumping margins of 330% for P.R. China, 42 to 82% for Germany, and 31 to 78% for Turkey.
Stelco Reports 3rd Quarter Loss
11 November 2005 - Stelco Inc. reported a net loss of $42 million on net sales revenue of $725 million for the quarter and net earnings of $47 million on sales revenue of $2.462 billion for the nine months ended September 30, 2005.
Danieli to Upgrade Republic EAF
10 November 2005 - Danieli is conducting a major upgrade of Republic Engineered Products’ 200-ton EAF at the company’s Canton, Ohio, facility.
Siemens to Supply Ladle Met Facility to Sheffield Steel
09 November 2005 - Sheffield Steel Corp. has awarded the Siemens Group Industrial Solutions and Services (I&S) a contract for a new 85-ton ladle furnace.
Wheeling-Pittsburgh Reports 3rd Quarter Results
09 November 2005 - Wheeling-Pittsburgh Corp., the holding company of Wheeling-Pittsburgh Steel Corp., reported a net loss of $21.1 million on revenues of $374.9 million for the quarter ended September 30, 2005.
Gerdau Ameristeel Reports 3rd Quarter Results
08 November 2005 - Gerdau Ameristeel Corp. reported net income of $62.2 million on net sales of $999.3 million for the quarter and net income of $215.1 million on net sales of $3.0 billion, for the nine months ended September 30, 2005.
Benefits Increase for Wheeling-Pitt Retirees, Spouses
07 November 2005 - The United Steelworkers (USW) announced benefit increases for Wheeling-Pittsburgh Steel retirees who lost their health coverage when the company reorganized under Chapter 11 Bankruptcy Protection and have enrolled in the Wheeling-Pitt Voluntary Employees' Beneficiary Association (VEBA). The Union has also negotiated an increase in payments made by Wheeling-Pitt to surviving spouses of employees who retired prior to 1974 to $1300 and $800 yearly.
Sheffield Steel Special Committee Reports on Offers
07 November 2005 - The special committee appointed by Sheffield Steel Corp.’s Board of Directors has completed its consideration of the two unsolicited indications of interest in acquiring Sheffield Steel. The committee has determined not to pursue either proposal as presented.
Stelco Completes Sale of Stelpipe
04 November 2005 - Stelco Inc. has completed its sale of Stelpipe Ltd.’s assets to Lakeside Steel Corp. on October 31, 2005.
Northwest Pipe and Lone Star Steel Enter Marketing Alliance
04 November 2005 - Northwest Pipe Co. and Lone Star Steel Co. have entered into a strategic marketing alliance under which Lone Star Steel will be the exclusive marketing representative for Northwest Pipe's API Products in North America.
Stelco to Sell Norambar, Stelfil and Stelwire to Mittal Canada
03 November 2005 - Stelco Inc. has signed a Letter of Intent concerning the sale of Norambar Inc., Stelfil Ltée and Stelwire Ltd. to Mittal Canada Inc., a subsidiary of Mittal Steel Co. NV.
Mittal Welcomes New Pact with Steelworkers
03 November 2005 - Mittal Steel USA welcomed the ratification of new collective-bargaining agreements by members of the United Steelworkers at former Ispat Inland Inc. locations in Indiana and Minnesota.
Gerdau Ameristeel Amends Credit Facility
02 November 2005 - Gerdau Ameristeel Corp. has amended and restated its existing senior secured revolving credit facility.
Worthington and its Employees Donate to Hurricane Relief
02 November 2005 - Worthington Industries, Inc. and its employees have donated $108,231 to the American Red Cross to benefit the victims of hurricane Katrina. The company matched dollar for dollar donations made by employees.
CCR Technologies to Upgrade SDI Columbia City Caster
01 November 2005 - Steel Dynamics has awarded CCR Technologies Inc. a contract to supply a Beam Blank Weighing and Cut-to-Weight system for its existing 3-strand caster at the Columbia City facility.
Oregon Steel Mills Announces 3rd Quarter Results
01 November 2005 - Oregon Steel Mills, Inc. reported net income of $20.2 million on sales of $299.7 million for the third quarter of 2005.
