Steel News

Arbitrator Okays Suspension of Minimum Workforce Clause at Middletown

02 July 2004 - An arbitrator has ruled that AK Steel Corp. may continue to suspend a provision in a labor contract with its largest hourly union that calls for a minimum base workforce. The company said the ruling will allow the company to further reduce the hourly workforce at its Middletown plant through attrition and layoffs.

Worthington Industries Founder to Diversify Portfolio

02 July 2004 - Worthington Industries, Inc. announced that Founder and Chairman Emeritus, John H. McConnell, 81, has approved a plan to sell up to 1.5 million common shares of Worthington Industries held by his family's corporation, JDEL, Inc.

SES Supplies Pipe Handling System for USS Lorain Facility

01 July 2004 - SES, LLC recently designed and built an automated pipe handling system with product tracking for United States Steel Corp.’s Lorain, Ohio, facility.

TXI Chaparral Steel Virginia Named All Star

01 July 2004 - TXI Chaparral Steel Virginia received the Community Involvement Award during the All Star Awards ceremony held recently in Richmond, Va.

2004 Steel Imports Over 16% Higher Through May

01 July 2004 - Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that May imports of steel into the United States were 4% higher than in April, with finished steel imports down 6% compared to April. Year-to-date (YTD) total and finished steel imports are up 16% and 14%, respectively, compared to the same period last year.

Steel Dynamics Announces New Raw Materials Position

30 June 2004 - Steel Dynamics, Inc. has appointed Richard J. Brady as Manager of Ferrous Resources and Logistics.

Specialty Steel Industry Tips Hat to U.S. Trade Team

30 June 2004 - The domestic specialty steel industry praised the efforts of U.S. government officials to reach consensus on an agreement to reduce or eliminate foreign government subsidies, despite Tuesday's suspension of the Organization for Economic Cooperation and Development (OECD) talks.

Wheeling-Pittsburgh Joins Russell 3000 Index

30 June 2004 - Wheeling-Pittsburgh Corp. joined the Russell 3000 Index when the broad-market index was reconstituted June 25.

Stelco to Relocate Corporate Offices

30 June 2004 - Stelco Inc. announced that it will relocate its corporate offices from 100 King Street West in Hamilton to the company's Hamilton plant. The move is expected to produce annual savings of $4.5 million beginning in 2005.

Allegheny Technologies Adjusts 2nd Quarter Expectations

29 June 2004 - Allegheny Technologies Inc. expects second quarter 2004 results to be favorably impacted by improving market conditions and special items.

Voestalpine Stahl Slab Caster Started up

29 June 2004 - VAI and Voestalpine recently started up a new CC 6 single-strand slab caster for Voestalpine Stahl GmbH, Linz. Start-up for the caster, which took place ahead of schedule, is one component of a large-scale enlargement project for the Linz location, referred to as “Linz-Project 2010”.

ThyssenKrupp Stahl Pulls Out of GalvaSud

29 June 2004 - ThyssenKrupp Stahl AG has sold its 49% of the GalvaSud joint venture to the Brazilian company Companhia Siderúrgica Nacional (CSN).

Carpenter Announces New Executive Assignments

28 June 2004 - Carpenter Technology Corp. announced new assignments for its two key operational executive officers.

Oregon Steel Announces 2nd Quarter Results

28 June 2004 - Oregon Steel Mills, Inc. reported record net income of $14.0 million on record sales of $281.8 million for the second quarter of 2004.

EPA Region 5 Settles Case with Steel Dynamics

25 June 2004 - U.S. Environmental Protection Agency Region 5 recently settled an administrative case involving hazardous chemical reporting violations with Steel Dynamics, Butler, Ind. An additional case was settled with Kohl's Foods, Milwaukee, Wis., and new complaints were filed against Sewall Gear Manufacturing, St. Paul, Minn., and U.S. Aluminate Co., Ashtabula, Ohio.

Roanoke Electric Steel Elects President

25 June 2004 - Roanoke Electric Steel Corp. announced that T. Joe Crawford has been elected President/Chief Operating Officer of the company.

Worthington Reports Record Fiscal Year Results

24 June 2004 - Worthington Industries, Inc. reported net earnings of $39.4 million on record sales of $782.9 million and net earnings of $86.8 million on record sales of $2,379.1 million for the three and twelve month periods ended May 31, 2004, respectively.