Producers
The latest news on the companies producing steel or raw materials used in the iron- and steelmaking process.
Latest News
NS Group Reports Record 2nd Quarter Results
26 July 2005 - NS Group, Inc. reported record net income of $37.2 million on record net sales of $167.8 million for the quarter, and net income of $56.6 million on net sales of $306.8 million for the six months ended June 30, 2005.
Carpenter Technology Reports Fiscal 2005 Results
26 July 2005 - Carpenter Technology Corp. reported record net income of $47.8 million on record sales of $362.4 million for the fourth quarter, and record net income of $135.5 million on record net sales of $1.3 billion for the fiscal year ended June 30, 2005. Results reflected favorable market conditions and benefits from the company's continued focus on lean and variation reduction.
SMS Demag to Modernize Steel Dynamics CSP Plant
26 July 2005 - Steel Dynamics, Inc. (SDI) has placed an order with SMS Demag, Germany, to modernize the casting strands of the CSP® plant (Compact Strip Production), which were commissioned in 1995 (first strand) and 1996 (second strand).
Mittal Steel ISG USA Repurchases Bonds
25 July 2005 - Mittal Steel ISG USA Inc. announced the repurchase of $100 million aggregate principal amount of its 6.50% Notes due April 15, 2014, pursuant to a single negotiated purchase transaction.
Dofasco Completes Acquisition of Quebec Cartier Mining
25 July 2005 - Dofasco has successfully completed its acquisition of Quebec Cartier Mining Co. (QCM) following receipt of regulatory approval.
Quanex Updates Third Quarter Outlook
22 July 2005 - Quanex Corp. announced that it expects to report record fiscal third quarter diluted earnings per share from continuing operations when results are announced on August 25, 2005.
Universal Stainless Reports Strong 2nd Quarter Results
22 July 2005 - Universal Stainless & Alloy Products, Inc. reported net income of $3.3 million on sales of $41.9 million for the second quarter of 2005.
Nucor Reports Record 2nd Quarter Results
22 July 2005 - Nucor Corp. announced consolidated net earnings of $322.7 million on consolidated net sales of $3.15 billion for the second quarter, and consolidated net earnings of $677.4 million on consolidated net sales of $6.47 billion for the first half of 2005.
Roanoke Electric Steel Declares 187th Consecutive Dividend
21 July 2005 - Roanoke Electric Steel Corp.’s Board of Directors declared the 187th consecutive quarterly common stock cash dividend in the amount of 11 cents per share. The decision was made at a regular meeting held on July 19, 2005.
Schnitzer Steel Plans to Attain a Majority of Independent Directors
20 July 2005 - Schnitzer Steel Industries, Inc.’s Board has elected Jill Schnitzer Edelson to fill a vacant seat on the Board. The company’s Board has also taken steps to have a majority of its Board be independent directors as defined by NASDAQ rules. As part of its planned transition, the Board accepted the resignations from the Board of three Schnitzer family members.
Timken Chairman to be Nominated U.S. Ambassador to Germany
20 July 2005 - The AIST Foundation has announced the 2005-2006 scholarship recipients for the following endowed scholarships.
Court Grants Stelco Additional Extension of Stay Period
19 July 2005 - Stelco Inc. was granted an Order of the Superior Court of Justice (Ontario) extending the stay period under its Court-supervised restructuring. Scheduled to expire July 18, 2005, the new order extends Stelco’s stay period until September 9, 2005.
Steel Dynamics Reports 2nd Quarter Net Income
19 July 2005 - Steel Dynamics, Inc. announced second quarter 2005 earnings of $51 million on net sales of $546 million.
AK Steel Announces August Surcharges
18 July 2005 - AK Steel will add a $183 per ton surcharge to invoices for flat-rolled carbon steel products shipped in August 2005. A $115 per ton surcharge will be added to invoices for electrical steel products shipped in August.
Stelco Court Monitor Files 33rd Report
18 July 2005 - Stelco Inc.’s court-appointed Monitor has filed its thirty-third report regarding the company's Court-supervised restructuring. The Report provides updated information regarding meetings held with shareholder groups, the lack of consensus among shareholder groups, current industry conditions and their impact on Stelco’s financial results, and Stelco’s request for extension of the stay period.
Gallatin Steel Celebrates 10th Anniversary
18 July 2005 - Gallatin Steel recently celebrated 10 years in business during a festive anniversary celebration attended by a crowd of nearly 500 attendees—including current and former employees, customers, vendors and contractors.
Mittal Steel Included in Fortune Global 500
18 July 2005 - Mittal Steel Co. NV has been included for the first time in Fortune Magazine's Global 500 list, the ranking of the world's largest corporations.
Stelco Files Restructuring Plan Outline
18 July 2005 - Stelco Inc. has filed a restructuring plan outline that it says is designed to ensure a viable company over the long term and provide lasting benefits for its stakeholders.
WCI Steel Names Walsh Vice President of Operations
15 July 2005 - WCI Steel, Inc. announced today that James F. Walsh has been named Vice President—Operations, effective July 1, 2005.
Bayou Steel Announces Recapitalization Plan
15 July 2005 -
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