Producers
The latest news on the companies producing steel or raw materials used in the iron- and steelmaking process.
Latest News
ATI Allegheny Ludlum Announces Electrical Steel Surcharge
25 May 2005 - ATI Allegheny Ludlum announced it will add a surcharge of $285 per ton ($14.25/cwt.) to all silicon electrical steel invoices, effective with shipments beginning Wednesday, June 1, 2005.
Commercial Metals Repurchases Shares, Announces New Repurchase Authority
25 May 2005 - The Commercial Metals Company board of directors has authorized the purchase of up to 2,000,000 shares of the company's common stock.
Bayou Steel Reports Strong 2nd Quarter Results
24 May 2005 - Bayou Steel Corp. reported net income of $5.1 million on sales of $62.1 million for the second quarter (ending March 31, 2005) of fiscal 2005.
Mittal Steel USA Shapes New Identity for Merged Facilities
24 May 2005 - Newly formed Mittal Steel USA has settled on names for its locations across the United States.
Stelco Comments on Court Directives on Mediation
20 May 2005 - Stelco Inc. has commented on decisions made by the Superior Court of Justice (Ontario) following a hearing held earlier this week in the matter of the Company's Court-supervised restructuring.
Gerdau Ameristeel Steelworkers Ratify Labor Agreement in Cambridge
20 May 2005 - Gerdau Ameristeel Corp. has reached agreement on a four-year contract with the United Steelworkers Local 8918 members at its steel mill in Cambridge, Ont.
Steel Dynamics Announces Accounting Vice President
19 May 2005 - Steel Dynamics, Inc. has promoted Theresa Wagler to the position of Vice President and Corporate Controller. In her new position, Wagler, 34, will continue to report to the company's Chief Financial Officer.
Stelco Court Monitor Files 30th Report
19 May 2005 - Stelco Inc.’s court-appointed Monitor has filed its thirtieth Report regarding the company's Court-supervised restructuring. The Report provides updated information regarding the proposal for a mediation process, which was originally outlined in the Monitor's 29th Report.
Ipsco President Honored as 2005 Gary Memorial Medal Recipient
19 May 2005 - Ipsco's President and CEO David Sutherland is the latest steel industry leader to be honored as a recipient of the industry’s prestigious Gary Memorial Medal. Sutherland received the award this week during the American Iron and Steel Institute's (AISI) Annual Meeting in Washington, DC.
Keith Busse Named Steelmaker of the Year at AISTech 2005
19 May 2005 - Keith E. Busse, President and CEO of Steel Dynamics Inc. was named “Steelmaker of the Year” at AISTech 2005 — The Iron & Steel Technology Conference and Exposition, managed by the Association for Iron & Steel Technology. The Steelmaker of the Year Award is presented annually by the AIST to recognize notable leaders and their contributions to the steel industry.
Following Hylsamex Acquisition, Techint to Consolidate Latin American Steel Interests
19 May 2005 - The Techint Group has entered into an agreement with Alfa SA de CV in which Techint will acquire Alfa's 42.5% shareholding in Hylsamex SA de CV.
Wheeling-Pittsburgh Announces Management Promotions
18 May 2005 - Wheeling-Pittsburgh Steel Corp. announced the promotion of Ron Shoemaker, who had been Manager of Engineering, EAF Project, to the newly created position of General Manager, Engineering & Environmental Control. In his new position, Shoemaker will report to Wheeling-Pittsburgh Steel President, Harry Page.
AK Steel Announces June Surcharges
17 May 2005 - AK Steel is adding a $213 per ton surcharge to invoices for flat-rolled carbon steel products shipped in June 2005. The company is also adding a $170 per ton surcharge for electrical steel products shipped in June 2005.
Mittal Steel and PA DEP Work Out Reclamation Plan for Former Mine Site
16 May 2005 - Mittal Steel USA has worked out a conceptual reclamation plan with the Pennsylvania DEP’s Bureau of Abandoned Mine Reclamation (BAMR) for an abandoned vertical mine refuse area at the company’s property near Bentleyville, Pa.
Stelco Court Monitor Files 29th Report
13 May 2005 - Stelco Inc.’s court-appointed Monitor has filed its twenty-ninth Report regarding the company's Court-supervised restructuring. The Report provides updated information regarding Stelco’s first quarter results and strategic capital expenditures.
U. S. Steel Steps up Start Date for No. 13 Blast Furnace Rebuild
12 May 2005 - United States Steel Corp. announced that it will take its Gary (Ind.) Works No. 13 Blast Furnace offline in late May, rather than on August 1 as previously announced.
Stelco Reports 1st Quarter Earnings
10 May 2005 - Stelco Inc. reported record net earnings of $49 million on net sales revenue of $968 million for the first quarter ended March 31, 2005.
Wheeling-Pittsburgh Reports 1st Quarter Results
10 May 2005 - Wheeling-Pittsburgh Corp. reported net income of $8.1 million on net sales of $399.5 million for the quarter ended March 31, 2005.
Allegheny Ludlum to Increase Tool Steel Prices
09 May 2005 - ATI Allegheny Ludlum will increase the net transaction price for all tool steel products, including Hot-Rolled Annealed (HRA) and Econ-O-Miser™ (Milled and Ground) products. The increase, approximately 5%, takes effect with shipments beginning May 30, 2005.
Universal Stainless to Expand Remelt Capacity
09 May 2005 - Universal Stainless & Alloy Products, Inc.’s Board of Directors has approved the purchase of a sixth vacuum arc remelt (VAR) furnace, which will be installed at its Bridgeville facility.
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