Producers
The latest news on the companies producing steel or raw materials used in the iron- and steelmaking process.
Latest News
Ipsco Announces Appointment of Treasurer
30 September 2004 - Ipsco Inc. announced the appointment of Patricia Kampling as Treasurer, effective immediately.
Dietrich forms Joint Venture with Pacific Steel Construction
29 September 2004 - Dietrich Metal Framing has formed a joint venture with Pacific Steel Construction.
August Steel Imports Reach Highest Level in Three Years
29 September 2004 - Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported August imports of steel into the United States were the highest import levels since August 2000 — 8.6% higher than in July for total steel imports and 5.7% higher than July for finished steel imports. Year-to-date (YTD) imports in both categories are up over 41% compared to the same period last year.
Stelco and Union Locals Extend June 23rd Agreement
29 September 2004 - Stelco Inc. and its USWA Locals 1005, 8782 and 5238 have agreed to extend their June 23rd Agreement until November 26, 2004.
Timken Latrobe to Increase Specialty Steel Prices
29 September 2004 - Timken Latrobe Steel will increase base prices by an average of 8% on all air melted and remelted noncontract aerospace alloy steel grades. The price change is effective with all new orders received beginning on October 1, 2004.
AK Steel Makes $25,000 Contribution to Local Flood Relief Efforts
28 September 2004 - AK Steel has made a $25,000 contribution to the American Red Cross to assist in flood relief efforts in Butler County, Pa.
Production Ramps up at Upgraded ATI Allvac Mill
28 September 2004 - Production continues to ramp up at ATI Allvac's superalloy and specialty steel bar and rod mill in Richburg, S.C. Danieli Morgårdshammar recently completed major modifications at the plant to increase production capacity, improve plant efficiency and enhance final product quality.
Court Grants Stelco Extension of Stay Period
27 September 2004 - Stelco Inc. obtained an Order of the Superior Court of Justice (Ontario) extending the stay period under its Court-supervised restructuring until November 26, 2004.
Quality Magazine Names AK Steel to Top 100 List
24 September 2004 - AK Steel has been named to Quality magazine's list of the Top 100 companies in quality.
CMC Secondary Metals Processing President to Retire
24 September 2004 - Commercial Metals Co. announced that Harry Heinkele, President of CMC's Secondary Metals Processing Division, will retire effective September 30, 2004 after more than 24 years with the company.
CMC Appoints Executive VP and Chief Operating Officer
24 September 2004 - Stanley A. Rabin, Chairman of the Board, President and CEO of Commercial Metals Co. announced the selection of Murray R. McClean as Executive Vice President and Chief Operating Officer of the company. McClean was selected for the newly created position by CMC’s Board.
TXI Reports 1st Quarter Results
24 September 2004 - Texas Industries, Inc. reported net income of $35.9 million ($1.51 per share) for the quarter ended August 31, 2004. The same quarter last year showed a loss of $15.7 million ($.74 per share).
Universal Stainless to Increase Bar Product Prices
23 September 2004 - Universal Stainless & Alloy Products, Inc. announced a 6% price increase effective on shipments scheduled for October 1, 2004 for all bar products including flats, hexagon and square bar products manufactured at its Bridgeville, Pa., and Dunkirk, N.Y., facilities.
Wheeling-Pittsburgh Closes Common Stock Offering
23 September 2004 - Wheeling-Pittsburgh Corp. recently closed its public offering of 3,650,000 shares of common stock, including 477,602 shares offered on behalf of certain selling shareholders, at a public offering price of $29.00 per share. The underwriters exercised their option to purchase 547,500 additional primary shares of common stock to cover over-allotments, which also closed on September 21, 2004.
Worthington Reports Record 1st Quarter Results
23 September 2004 - Worthington Industries, Inc. reported net earnings of $57.9 million on sales of $769.3 million for the first quarter of fiscal 2005 ended August 31, 2004.
SMI Steel Products Enters Agreement for SmartBeam Technology
22 September 2004 - SMI Steel Products, Ark., has signed an exclusive agreement with R.F. Stearns to drive the use of SMI's SmartBeam(R) product in multi-story structures throughout Alaska, Hawaii, Washington, Oregon and Northern California. Leveraging Stearns' design/build capabilities, this strategic alliance will help developers, contractors and architects to improve aesthetics, performance, scheduling and cost for steel frames within parking garages, industrial buildings, office buildings and other commercial structures.
Dofasco Signs Technology Agreement with JFE Steel
22 September 2004 - Dofasco Inc. has signed a Technology Cooperation Agreement for automotive steels with JFE Steel Corp. of Japan.
Carpenter Raises Prices on Stainless and High Temperature Bar Products
21 September 2004 - Carpenter Technology Corp.’s Specialty Alloys Operations unit announced that it is increasing prices for all grades of stainless steel and high temperature alloy bar products by approximately 10%, effective with new orders and shipments as of October 1st.
AK Steel Announces October Surcharges
21 September 2004 - AK Steel has advised its flat-rolled carbon steel customers that a $157 per ton surcharge will be added to invoices for products shipped in October, an increase of $15 from September's surcharge of $142 per ton.
Worthington Industries Closes Purchase of Western Cylinder Assets
21 September 2004 - Worthington Industries, Inc. announced that it has completed its previously announced purchase of the propane and specialty gas cylinder assets of Western Industries, Inc.
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