Producers
The latest news on the companies producing steel or raw materials used in the iron- and steelmaking process.
Latest News
Posco Celebrates Growing Success with Six Sigma
01 November 2004 - Posco recently held its third Six Sigma Festival, with all executives and employees sharing results of various Six Sigma activities. About 500 people participated in the festival, which was broadcast live over the Internet from Posco website.
Stelco and Local 8782 Welcome Agreement with DaimlerChrysler
31 October 2004 - Stelco Inc. and United Steelworkers of America (USWA) Local 8782 jointly announced that they have reached agreement with DaimlerChrysler to extend the deadline for providing assurances regarding security of steel supply. The deadline, originally set for October 31, 2004, has now been moved to November 18, 2004.
Gerdau Ameristeel to Purchase Gate City Steel and RJ Rebar
29 October 2004 - Gerdau Ameristeel has entered into an agreement to purchase substantially all the assets of Gate City Steel, Inc. and RJ Rebar, Inc., headquartered in Indianapolis, Ind.
Cleveland-Cliffs Reports Record Net Income for 3rd Quarter
28 October 2004 - Cleveland-Cliffs Inc reported third-quarter 2004 net income of $87.5 million on total revenues and other income of $409.7 million.
Import Gains Outpace Steel Consumption Increases
28 October 2004 - Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported September imports of steel into the United States were the highest import levels in four years — 3,467,000 net tons, including 2,714,000 net tons of finished steel.
NS Group Reports Record Consecutive Quarterly Results
27 October 2004 - NS Group, Inc. announced record net income of $24.7 million on record net sales of $122.1 million for the quarter ended September 30, 2004.
Carpenter Technology Reports 1st Quarter Results
27 October 2004 - Carpenter Technology Corp. reported record net income of $19.8 million on record net sales of $297.6 million for the first fiscal quarter ended September 30, 2004. Carpenter attributes the results to strong broad based demand and continued improvement in its operating performance.
Steel Dynamics Breaks Ground on New Joist & Deck Plant
27 October 2004 - Steel Dynamics, Inc.’s New Millennium Building Systems, LLC, subsidiary conducted a ground-breaking ceremony for its new $30-million steel fabrication facility in Lake City, Fla., on October 22.
AK Steel Reaches Contract Agreement with Ashland Coke Workers
27 October 2004 - AK Steel Corp. announced that it has reached a progressive, four-year labor agreement at the company’s Ashland, Ky., coke plant.
Steel Dynamics Adopts New Stock Repurchase Program
27 October 2004 - Steel Dynamics, Inc.’s Board of Directors has authorized the company to buy back up to 5,000,000 shares of its common stock, or approximately 10% of the current shares outstanding.
AK Steel Reports 3rd Quarter Net Income
27 October 2004 - AK Steel reported net income of $83.1 million on record net sales of $1,337.3 million for the third quarter of 2004, and net income of $341.2 million on net sales of $3,783.5 million for the first nine months of 2004.
U. S. Steel Reports Record 3rd Quarter Results
27 October 2004 - United States Steel Corp. reported record net income of $354 million on total revenues of $3729 million for the third quarter, and net income of $623 million on total revenues of $10,176 million for the first nine months of 2004.
Dofasco Wins Approval for Repurchase Plan
26 October 2004 - The Toronto Stock Exchange has approved Dofasco Inc.’s application to make a Normal Course Issuer Bid for the repurchase of its common shares.
Dofasco Posts Record Third Quarter Results
26 October 2004 - Dofasco Inc. reported record consolidated net income of $115.0 million on record consolidated sales of $1,089 million for the third quarter of 2004. Dofasco attributes the results to higher pricing, strong operating performance and robust demand in the quarter.
ISG Reports Strong Third Quarter Results
26 October 2004 - International Steel Group Inc. reported third quarter 2004 net income of $256.4 million on net sales of $2.6 billion, and net income of $421.4 million on net sales of $6.5 billion for the nine months ended September 30, 2004.
Universal Stainless Exceeds Forecast for 3rd Quarter Earnings Per Share
22 October 2004 - Universal Stainless & Alloy Products, Inc. reported net income of $2.7 million on sales of $33.3 million for the third quarter of 2004.
Allegheny Technologies Announces 3rd Quarter Results
22 October 2004 - Allegheny Technologies Inc. reported net income of $8.6 million on sales of $730.6 million for the third quarter ended September 30, 2004.
Ryerson Tull Reports 3rd Quarter Results
22 October 2004 - Ryerson Tull, Inc. reported a net profit of $17.4 million on net sales of $898.7 million for the third quarter of 2004.
Nucor Reports Record 3rd Quarter Results
22 October 2004 - Nucor Corp. announced record consolidated net earnings of $415.4 million on record consolidated net sales of $3,239.6 million for the third quarter, and consolidated net earnings of $780.1 million on consolidated net sales of $8,287.8 million for the first nine months of 2004. Earnings for the third quarter exceeded the previous record annual earnings. Net earnings per share and average shares outstanding for all periods reflect a two-for-one stock split effective in October 2004.
Timken Latrobe to Increase Tool Steel Prices
21 October 2004 - Timken Latrobe Steel will increase prices by 6 to 8% on rounds, plate and flats tool steel and alloy products. The price change is effective with shipments beginning on November 1, 2004.
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