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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
California Steel Reports Record Results for 2004
26 January 2005 - California Steel Industries, Inc. (CSI) reported net income of $35.1 million on sales of $339.8 million for the fourth quarter, and net income of $109.34 million on sales of $1.250 billion for the full year of 2004, both record results for the company, now in its twentieth year of operations.
AK Steel Reports Full Year 2004 Results
26 January 2005 - AK Steel reported adjusted 2004 fourth quarter pre-tax income of $73.7 million on record net sales of $1,433.8 million.
AK Steel Announces New Senior Vice Presidents
25 January 2005 - AK Steel has named David C. Horn and John F. Kaloski Senior Vice Presidents. Mr. Horn is the corporation’s General Counsel and Secretary, and Mr. Kaloski oversees the corporation’s safety, operations, quality assurance, engineering, purchasing and supply chain management functions.
U. S. Steel Reports Record 4th Quarter and Full-Year Results
25 January 2005 - United States Steel Corp. reported fourth quarter net income of $462 million on revenues of $3890 million, and full year net income of $1085 million on revenues of $13,969 million.
Carpenter Technology Reports 2nd Quarter Results
24 January 2005 - Carpenter Technology Corp. reported record second quarter net income of $32.5 million on record net sales of $312.1 million for the second fiscal quarter ended December 31, 2004. The record sales and net income reflected strong market conditions and a continued focus on costs through lean and variation reduction.
ThyssenKrupp Will Not Match Arcelor’s Latest Offer for Dofasco Shares
24 January 2005 -
ThyssenKrupp Will Not Match Arcelor’s Latest Offer for Dofasco Shares
24 January 2005 -
Mesabi Trust Declares Distribution
21 January 2005 - Trustees of Mesabi Trust declared a distribution of $0.295 per Unit of Beneficial Interest payable on February 20, 2005 to Mesabi Trust unitholders of record at the close of business on January 30, 2005.
Ipsco and Its Employees Give Generously to United Way
20 January 2005 - Ipsco Inc. and its employees have donated nearly $260,000 (USD) towards various United Way Campaigns in the communities in which it operates. Campaigns for the internationally recognized charity are conducted at each Ipsco site, with the company matching each dollar pledged by its employees.
Core to Supply STC Furnaces for Charter Steel Facility
19 January 2005 - Charter Steel has contracted Core Furnace Systems for turn-key supply of four STC (Short Time Cycle) furnaces at the company’s Rising Sun, Ohio, coil processing and distribution facility. The installation will bring the number of STC furnaces on this site to eight.
Mittal Steel Confirms Pro-Forma Guidance
19 January 2005 - Mittal Steel Co. NV confirmed its guidance for 2004, with pro-forma numbers (including ISG) expected to be close to the guidance given on October 25, 2004, namely:
Danieli to Upgrade Gerdau Ameristeel Finishing Facilities at Whitby, Cartersville
18 January 2005 - Gerdau Ameristeel Corp. recently awarded Danieli Morgårdshammar contracts to upgrade and modernize its Whitby, Ont., and Cartersville, Ga., facilities.
Court Allows Stelco to Extend Deadline for Binding Offers
18 January 2005 - The Superior Court of Justice (Ontario) has approved Stelco Inc.’s application to amend the provisions of its capital raising process. Stelco had applied for permission to extend the deadline for filing of binding offers for Stelco's core business, its non-core subsidiaries, or both, from January 31, 2005 to February 14, 2005.
Carpenter Technology Raises Prices on Premium and Specialty Products
17 January 2005 - Carpenter Technology Corp.’s Specialty Alloys Operations unit will increase base prices 7 to 13% on all premium-melted alloys in all product forms, effective immediately on all new orders.
AK Steel Announces February Surcharges
17 January 2005 - AK Steel has advised its flat-rolled carbon steel customers that the company will add a $196 per ton surcharge to invoices for products shipped in February 2005, a decrease of $9 from January's surcharge of $205 per ton. AK Steel has also advised its electrical steel customers that a $410 per ton surcharge will be added to invoices for electrical steel products shipped in February 2005, an increase of $10 from the January surcharge of $400 per ton for those products.
Timken Increases 2004 Earnings Estimate
14 January 2005 - The Timken Co. is increasing its 2004 earnings estimate, excluding special items, to $1.30 to $1.35 per diluted share, which compares to a previous estimate of $1.20 to $1.25.
Allegheny Ludlum Wins Fuel Cell Material Development Contract
14 January 2005 - Allegheny Technologies Inc. announced that ATI Allegheny Ludlum has been awarded a subcontract from the University of Pittsburgh with support from the U.S. Department of Energy (DoE) to develop specialty metallic materials for use in fuel cells intended for the power generation industry.
Stelco Hopes to Extend Deadline for Binding Offers
14 January 2005 - Stelco Inc.’s court-appointed Monitor has filed its Sixteenth Report regarding the company's Court-supervised restructuring. The Report outlines the Court-appointed Monitor’s recommendation that the deadline for parties to file binding offers for Stelco's core business, non-core subsidiaries, or both be extended from January 31, 2005 to February 14, 2005.
MEPS International Steel Market Roundup
13 January 2005 - According to MEPS (International) Ltd., U.S. market activity for Flat Products is flat. The mills, faced with weak fourth quarter order books, started seasonal maintenance shutdowns in November that have continued through this month. With high customer inventories, mill transaction prices continue to slip. MEPS has received unconfirmed reports that surcharges are not being universally applied, especially to large volume purchasers. Steel market conditions are expected to improve in the first quarter, and AK Steel Corp. has already announced a $US50 per ton hike. Canadian market activity continues to be subdued, with inventory levels apparently more tailored to present-day demand than those in the US. However, MEPS has monitored further drops in transaction values over the last four weeks.
Wheeling-Pitt Commences Efficiency-Based Technology Initiatives
13 January 2005 - Wheeling-Pittsburgh Steel Corp. announced recent technology initiatives designed to drive business efficiency and enhanced customer service. The company currently uses solutions from i2 Technologies, Inc., and recently began implementing solutions from Steelman Software Solutions Inc. These technology upgrades to the company's computerized planning, order management, mill scheduling and production tracking tools are designed to help gain a competitive edge.
