Steel News

Ohio Steel Producers Report First Half Results

04 October 2005 - Ohio steelmakers posted moderately strong production and shipping figures for the first half of 2005, even as the market struggled to emerge from an inventory correction that began before the end of 2004.

AK Steel to Recycle Waste Materials at Ashland Works

04 October 2005 - AK Steel announced the construction of a new recycling facility at its Ashland (Ky.) Works to process and recycle waste materials from the plant's blast furnace, cokemaking operation and continuous caster.

Wheeling-Pittsburgh Steel Updates Third Quarter Outlook

03 October 2005 - Wheeling-Pittsburgh Steel Corp. announced that it expects operating income for the third quarter to be more than $20 million lower than previously expected. This is primarily due to greater than anticipated increases in scrap costs in the third quarter, as well as lower selling prices. Third quarter shipments are expected to be 550,000 tons (up 25,000 tons), and production is expected to be 570,000 tons (30,000 tons lower).

Wheeling-Pittsburgh and Severstal NA form Mountain State Carbon

03 October 2005 - Wheeling-Pittsburgh Steel Corp. and SNA Carbon, LLC announced the formation and funding of their new joint venture, Mountain State Carbon LLC. The new venture now owns Wheeling-Pittsburgh's coke plant in Follansbee, W.Va.

Mittal Steel USA to Restart Indiana Harbor Blast Furnace

03 October 2005 - Mittal Steel has elected to restart a blast furnace in its East Chicago, Ind., facility at about the time another is going down in Cleveland. The moves are part of the company's ongoing effort to balance its supply of steel with the demand for its products in the marketplace and maintenance needs for various ironmaking and steelmaking equipment.

Worthington Announces Extension of Credit Facility

03 October 2005 - Worthington Industries, Inc. has amended and restated its long-term revolving credit facility with a consortium of banks led by Scotia Capital and PNC Bank.

Mittal Steel Acquires 93% Stake in Kryvorizhstal

01 October 2005 - Mittal Steel Co. NV has agreed to acquire a 93.02% stake in the capital of KryvorizhStal from the State Property Fund of Ukraine following a public auction.

Arcelor Included in Dow Jones Sustainability Index

01 October 2005 - Arcelor has been included in the Dow Jones Sustainability Index (DJSI) World, one of the most important and recognized global indexes tracking the performances of the leading sustainable development-driven companies worldwide.

Mittal Steel Completes Acquisition of 36.67% of Hunan Valin Steel

01 October 2005 - Mittal Steel Co. NV has received final approval relating to its acquisition of 36.67% of Hunan Valin Steel Tube & Wire Co. for a total consideration of US$338 million.

TKS Reshuffles Hoesch Hohenlimburg Management Board

01 October 2005 - ThyssenKrupp Steel recently announced several changes for the Management Board of Hoesch Hohenlimburg GmbH.

Arcelor Inaugurates Medium Section Mill at Belval in Luxembourg

01 October 2005 - Arcelor recently inaugurated the Belval Medium Sections Mill installed in its Esch-Belval site in Luxembourg.

Techint Goodfellow Starts up EFSOP System at Dongkuk Steel

01 October 2005 - Techint Goodfellow Technologies Inc., Mississauga, Ont., recently commissioned a state-of-the-art Goodfellow Expert Furnace System Optimization Process (EFSOP™) system at Dongkuk Steel Incheon Plant in Korea.

Arcelor Maintains Focus on Profitable Global Growth

01 October 2005 - Arcelor participated in the auction for the sale of the 46.12% stake in Turkish steelmaker Eregli Demir ve Çelik Fabrikalari TAS (Erdemir) held by the Turkish Privatisation Administration.

Ugine & ALZ Starts up Carinox Steel Plant

01 October 2005 - Arcelor’s new Ugine & ALZ Carinox steel plant has produced its first heat.

Techint Goodfellow Starts up EFSOP Systems for Posco

01 October 2005 - Techint Goodfellow Technologies Inc., Mississauga, Ont., recently commissioned two state-of-the-art Goodfellow Expert Furnace System Optimization Process (EFSOP™) systems at Posco’s Kwangyang Works in Korea. The systems are presently gathering data from the two furnaces.

Arcelor puts Shareholder Value Before Size in KryvorizhStal Auction

01 October 2005 - Arcelor participated in the auction for the sale of the 93.02% stake in Ukrainian steelmaker KryvorizhStal (KMK) held by the Ukrainian State Property Fund (SPF).

Stelco-Tricap Agreement Filed with Court

30 September 2005 - Stelco Inc. announced that its restructuring agreement with Tricap Management Limited was filed with the Court Wednesday evening (Sep. 28) as part of the Motion Record for a hearing scheduled for October 3, 2005.

Former ThyssenKrupp Specialty Steels to Change Name

30 September 2005 - The North American distribution operations of the production mill Edelstahl-Witten-Krefeld GmbH (EWK) will be renamed Swiss Steel International NA.

Steelworkers Reach Tentative Agreement at Three Mittal Steel Plants

30 September 2005 - The United Steelworkers (USW) union has reached a tentative agreement covering 5,000 workers at three Mittal Steel locations.

Dietrich and NOVA Chemicals to Develop Novel Construction Products

28 September 2005 - Dietrich Metal Framing is working with NOVA Chemicals Corp. to evaluate and commercialize novel construction products. Under a joint development agreement, the companies will work together on construction products that combine the structural benefits of light gauge steel framing with the thermal and moisture-retardant properties of expandable polystyrene.