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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
Steelworkers’ Local 8782 Announces Intent to Begin Negotiations with Stelco
14 April 2004 -
Casey to Liquidate Oregon Steel’s Portland Meltshop
14 April 2004 -
California Steel Reports 1st Quarter Results
14 April 2004 -
Dofasco Adjusts First Quarter Earnings Expectations
14 April 2004 -
Final Decision Pending on Weirton Steel Assets
13 April 2004 -
Weirton Steel Auction Date Coming up Next Week
10 April 2004 -
International Steel Group Announces Pricing of $600 Million Senior Notes
10 April 2004 -
Weirton Steel Noteholders Committee to Move Forward with Bid at Auction
10 April 2004 -
Stelco Restructuring Plans Continue to Evolve
08 April 2004 -
Steel Dynamics Forecasts Strong 2004 Performance
07 April 2004 -
ThyssenKrupp Stahl to Restructure Electrical Steel Activities
05 April 2004 -
ThyssenKrupp Nirosta to Change Alloy Surcharge Calculation
03 April 2004 -
Weirton Steel to Provide $1.4 Million for Management Retirees
03 April 2004 -
UAW Accepts Progressive Labor Agreement for AK Steel Coshocton Works
03 April 2004 -
Dofasco Cold Mill to Utilize Kelk Tensiometers
02 April 2004 -
Allegheny Technologies Adjusts First Quarter Earnings Outlook
02 April 2004 -
Schnitzer Steel Reports Record Quarterly Earnings
02 April 2004 - Schnitzer Steel Industries, Inc. reported net income of $18.5 million on revenues of $161.6 million for the second fiscal quarter ended February 29, 2004.
Schnitzer Steel Second Quarter Segment Details
02 April 2004 - Metals Recycling Business—Schnitzer Steel’s wholly owned Metals Recycling Business reported operating income of $13.2 million in the second quarter of fiscal 2004, an improvement of $4.7 million (55%) over the same quarter last year. Operating income divided by ferrous tons sold averaged $26 per ton in the second quarter of fiscal 2004, which compares to $15 per ton and $24 per ton in the second quarter of fiscal 2003 and the first quarter of fiscal 2004, respectively. The improved operating margins were primarily driven by higher average selling prices, which rose by 42% and 13%, over the second quarter of fiscal 2003 and the first quarter of 2004, respectively. Overall, market selling prices rose rapidly in the second fiscal quarter due primarily to the strength in demand from domestic steel manufacturers who saw their finished product order backlog and prices grow. Fiscal 2004 second quarter average domestic selling prices actually increased at a greater rate than our average export selling prices, which was primarily caused by the timing of when orders are received and shipped. Export orders are typically received 60-90 days ahead of shipment, whereas domestic sales are typically shipped within 30 days of order.
