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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
Ispat Inland Survivor Supplement Expires per Pension Agreement
10 August 2004 - A supplemental pension benefit for surviving spouses of Ispat Inland employees who retired before Aug. 1, 1989, has expired as provided in a pension agreement with the United Steelworkers of America.
Wheeling-Pittsburgh Reports 2nd Quarter Income
10 August 2004 - Wheeling-Pittsburgh Corp., the holding company of Wheeling-Pittsburgh Steel Corp., reported net income of $27.1 million on net sales of $356.1 million for the quarter ended June 30, 2004.
Ivaco Enters Sales Agreements with Heico
10 August 2004 - Ivaco Inc. announced that Ivaco, Ivaco Rolling Mills LP, and Ifastgroupe and Co., LP have each entered into a binding agreement with a wholly owned subsidiary of The Heico Companies, LLC for the sale of their respective businesses to Heico. The aggregate purchase price for the three businesses is $375 million, including certain assumed liabilities.
U. S. Steel Withdraws Case against Miller Citizens
09 August 2004 - United States Steel Corp. has withdrawn its request to be compensated by the Miller Citizens Corp. (MCC) for legal fees incurred defending against a filing by the MCC to oppose the proposed tax settlement between the company, Lake County and the state of Indiana. The Indiana Tax Court recently held that MCC had no right to intervene and that the MCC motion was not timely filed.
Keystone and Steelworkers Ratify Collective Bargaining Amendments
09 August 2004 - Keystone Consolidated Industries, Inc. and the Independent Steel Workers Alliance jointly announced that the ISWA membership has overwhelmingly approved revisions to the existing collective bargaining agreement at Keystone's Bartonville Plant.
Ispat Inland Reports 2nd Quarter Income
09 August 2004 - Ispat Inland Inc. reported net income of $54.1 million on net sales of $771.9 million for the second quarter of 2004.
Judge Dismisses GM Lawsuit against Steel Dynamics
06 August 2004 - Steel Dynamics, Inc. announced that on August 4, 2004, a Michigan circuit court judge dismissed General Motors Corp.'s lawsuit against SDI over an alleged multi-year steel purchase agreement.
ISG to Convert Idled Cleveland Continuous Anneal Line
06 August 2004 - International Steel Group Inc. has unveiled a plan to expand operations at its Cleveland Works.
Timken Latrobe to Increase Specialty Steel Prices
05 August 2004 - Timken Latrobe Steel has increased base prices by 3 to 10% on all remelted aerospace alloy steel grades. The price change is effective with all new orders received.
Stelco Reports 2nd Quarter Results
05 August 2004 - Stelco Inc. reported net earnings of $42 million on sales revenues of $884 million in the second quarter, and net income of $6 million on sales revenue of $1,658 million for the six months ended June 30, 2004.
Nucor Closes Deal on Worthington Cold Mill
04 August 2004 - Nucor Corp. announced that it has closed on the purchase of Worthington Industries’ cold rolling mill in Decatur, Ala., for a cash purchase price of approximately $80 million.
Concast Commissions Nucor-Jewett Meltshop
04 August 2004 - Concast recently started up a new, single-unit meltshop at Nucor’s facility in Jewett, Texas. The new one million ton/year (900,000 tonne) plant consists of a 100-ton (82-tonne) electric arc furnace, twin-station ladle furnace and a four (five)-strand Convex Technology® continuous caster.
Charter Steel Starts up Hi Jet Technology System
04 August 2004 - Charter Steel recently started up Moré Srl’s Hi Jet chemical energy technology in their 100 ton DC EAF.
Gerdau Ameristeel Announces 2nd Quarter Results
04 August 2004 - Gerdau Ameristeel Corp. reported net income of $105.5 million on net sales of $733.8 million for the quarter, and net income of $127.0 million on net sales of $1,352.7 million for the six months ended June 30, 2004.
ISG Restarts Production at Georgetown
04 August 2004 - International Steel Group Inc.’s ISG Georgetown Inc. subsidiary has begun producing wire rod at its facility in Georgetown, S.C.
Ryerson Tull Completes Acquisition of J&F Steel
03 August 2004 - Ryerson Tull, Inc. announced completion of its acquisition of J&F Steel.
Worthington Closes Sale of Decatur Cold Mill to Nucor
03 August 2004 - Worthington Industries, Inc. has completed the previously announced sale of its Decatur, Ala., cold rolling assets to Nucor Corp., effective August 1, 2004.
Gallatin Steel Celebrates Excellent Safety Record
03 August 2004 - Gallatin Steel is proud to recognize the outstanding safety record achieved by company associates during the first half of 2004.
VAI Takes Over 100% of VAI-Pomini
01 August 2004 - Voest Alpine Industrieanlagenbau (VAI) recently took over the remaining 49% shares of Techint Compagnia Tecnica Internazionale from the joint-venture company VAI Pomini, making VAI the 100% owner of the company.
VAI to Install Finex Plant for Posco
01 August 2004 -
