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SteelNews.com is a publication created by the Association for Iron and Steel Technology (AIST) for the steel community. We are the leading source for technological and innovative news on the people, producers and suppliers in the North American and international steel communities.

 

NORTH AMERICA HEADLINES

North America
Latest News:
AK Steel Announces August 2009 Surcharges
Jul. 2, 2009 - AK Steel will add a $75 per ton surcharge for electrical steel products shipped in August 2009.
Nucor Praises Congressman Arcuri for Voting Against House Cap and Trade Bill
Jul. 2, 2009 - Nucor notes its appreciation to U.S. Representative Michael Arcuri (D-NY) for supporting the local manufacturing sector by opposing House Cap and Trade Bill (H.R. 2454), which narrowly passed the House of Representatives this week by a three-vote margin.
Steel Imports Drop 23% in June
Jul. 2, 2009 - Steel import permit applications totaled 810,000 net tons for the month of June, a 23% decrease from the previous month according to the latest report from the American Iron and Steel Institute (AISI).
Schnitzer Steel Reports Third Quarter Results
Jul. 1, 2009 - Schnitzer Steel reports a net loss of $1.5 million on revenues of $412 million for the fiscal third quarter, and a net loss of $42 million on revenues of $1.344 billion for the nine months ended May 31, 2009.
AISI Reacts to Passage of Climate Bill, Urges Modifications
Jun. 30, 2009 - AISI expresses its disappointment over the House passage of the American Clean Energy and Security Act of 2009, which it says will put the steel industry at a distinct disadvantage.
AIST Notes Passing of Town Hall Moderator John Callaway
Jun. 29, 2009 - AIST notes the passing of long-time AISTech Town Hall moderator, John D. Callaway.
Republic Responds to Court Order for Resumption of Shipments to American Axle
Jun. 25, 2009 - Responding to a circuit court order to resume steel shipments, Republic says it appreciates the Court’s recognition that Republic is entitled to demand adequate assurance of performance from American Axle.
Commercial Metals Company Reports Third Quarter Loss
Jun. 24, 2009 - Commercial Metals Co. reported a net loss of $13.1 million on net sales of $1.3 billion for the quarter and net earnings of $13.6 million on net sales of $5.3 billion for the nine months ended May 31, 2009.
Steel Imports Slip 17% in May
Jun. 24, 2009 - The U.S. imported a total of 1,020,000 net tons of steel in May 2009, an 11% decrease vs. April final data, according to the latest report from AISI.
USW, Industry Groups Support New WTO Case Filed by U.S., EU Against China
Jun. 24, 2009 - The United Steelworkers gives strong support for a new World Trade Organization dispute filed by the U.S. and European Union that challenges China's export restrictions on key raw materials and minerals used in manufacturing.
SMS Meer Commissions Three-Roll Precision Block for Timken Bar Mill
Jun. 23, 2009 - Timken and SMS Meer jointly commission Timken’s Harrison Steel Plant bar mill, which was recently expanded with a new three-roll precision sizing mill and bar finishing end.
Gerdau Ameristeel Amends Term Loan Covenants
Jun. 23, 2009 - Gerdau Ameristeel reaches agreement with lenders for temporary relaxation of the covenants its Term Loan Facility, which currently has US$ 2.6 billion of borrowings outstanding.
Steel Dynamics Expects to Report Small 2nd Quarter Loss
Jun. 22, 2009 - Steel Dynamics updates its outlook for the second quarter of 2009, saying that it now expects to report a loss of $0.10 to $0.15 per diluted share, after taking into account the recent issuance of common stock and convertible securities.
World Steel Production Rebounds in May 2009
Jun. 22, 2009 - World crude steel production for the 66 countries reporting to the World Steel Association stood at an estimated 95.6 million tonnes in May 2009 — 7.4% above the previous month but still 21% lower than May 2008.
Olympic Steel Announces Scholarship Recipients
Jun. 19, 2009 - Olympic Steel announces the recipients of the Sol Siegal Scholarship Program, which awards up to ten new $1500 renewable scholarships per year to children and dependents of company employees.
AK Steel to Increase Prices for all Carbon and Stainless Steel Products
Jun. 19, 2009 - AK Steel announces plans to increase spot market prices for all carbon and stainless flat rolled steel products.
Steel Dynamics Underwriters Exercise Over-Allotment Options
Jun. 19, 2009 - Underwriters of Steel Dynamics’ announced offerings  of notes and stocks have exercised their full overallotment options.
Commerce to Investigate PC Steel Wire Strand from P.R. China
Jun. 18, 2009 - The U.S. Department of Commerce will initiate antidumping and countervailing duty investigations on imports of prestressed concrete steel wire strand from P.R. China.
April Steel Shipments 57% Lower than April 2008
Jun. 18, 2009 - U.S. steel mills shipped 4,042,000 net tons of steel in April, a 57% decrease from April 2008, according to the latest report from AISI.
Essar Steel Algoma Starts up first Canadian Steel Co-Gen Facility
Jun. 17, 2009 - Essar Steel Algoma successfully starts up a new, 70-MW cogeneration facility that will be fueled with by-product gas from the operation, becoming the first integrated steel manufacturer in Canada to construct such a facility.
Nucor Adjust Second-Quarter Guidance
Jun. 17, 2009 - Nucor updates its second-quarter guidance, saying that it now expects to report a smaller-than-expected loss in the range of $0.55 to $0.65 per diluted share, based on increased orders.
Metal Center Inventories Continue to Decline in May
Jun. 17, 2009 - Metals service center inventories of steel and aluminum products continued to decline through May across both the U.S. and Canada, while shipments remained weak, according to the most recent Metals Activity Report from MSCI.
New Auto-Steel Partnership Toolkit helps Automakers Boost Fuel Economy with AHSS
Jun. 16, 2009 - The Auto/Steel Partnership releases its latest update to the Advanced High-Strength Steel Applications Design and Stamping Process Guidelines, a comprehensive manual designed to help with the specification and application of specific grades of AHSS parts.
Steelworkers Welcome U.S. Steel's Recall of 800 at Hilton Works
Jun. 16, 2009 - United Steelworkers Local 8782 expresses mixed response to U.S. Steel’s announcement that it would call workers back to its Hilton Works facility.
AISI Speaks Out Against Foreign Government Manipulation of World Steel Trade
Jun. 12, 2009 - The American Iron and Steel Institute issues statement criticizing actions recently taken by the governments of China and Brazil that support their domestic steel industries to the detriment of the North American Steel industry.
Pig Caster Commissioned at Nucor’s PIZO Joint Venture
Jun. 11, 2009 - Economy Industrial commissions new 20 ton/hour pig caster at PIZO, a joint venture of Heritage Environmental and Nucor.
Universal Stainless Achieves AS 9100 Certification at Bridgeville, Dunkirk
Jun. 11, 2009 - Universal Stainless & Alloy Products achieves AS 9100 certification at its primary Bridgeville facility and its Dunkirk Specialty Steel mill.
Northwest Pipe, Lucid Energy Technologies Introduce PowerPipe Technology
Jun. 10, 2009 - Northwest Pipe and Lucid Energy Technologies announce successful completion of preliminary testing of Northwest PowerPipe, a renewable power-generation prototype.
Worthington Industries Completes Tender Offer for Notes
Jun. 10, 2009 - Worthington Industries completes its previously announced cash tender offer for the $138.0 million of its 6.70% Notes due December 1, 2009.
Northwest Pipe to Supply Pipe for Maryland Tunnel Project
Jun. 9, 2009 - Northwest Pipe will supply pipe for the Washington Suburban Sanitation Commission’s Bi-County Tunnel project, a 5.3-mile tunnel and associated steel pipe liner.
Steel Dynamics Announces Pricing of Stock, Notes
Jun. 9, 2009 - Steel Dynamics has priced its public offerings of common stock and 5.125% convertible senior notes due 2014.
Gerdau Ameristeel to Idle Sayreville Plant, Close Perth Amboy Rolling Mill
Jun. 9, 2009 - Gerdau Ameristeel is suspending production at its Sayreville, N.J., steel mill and closing its rolling mill in neighboring Perth Amboy, N.J., and has also entered discussions with the USW regarding the potential closure of its Sand Springs, Okla., steel mill.
Domestic Wire Decking Producers File Cases Against China
Jun. 8, 2009 - U.S. producers of wire decking file antidumping and countervailing duty petitions charging that dumped and subsidized imports of wire decking from P.R. China cause material injury to the domestic industry.
Samuel Manu-Tech Suspends Dividend
Jun. 8, 2009 - Samuel Manu-Tech announces its decision to suspend its dividend effective with Second Quarter 2009.
Northwest Pipe to Supply Pipe for Hydroelectric Project in Oregon
Jun. 5, 2009 - Northwest Pipe is to supply pipe for the Central Oregon Irrigation District’s Juniper Ridge Hydroelectric Power Project.
Tenova Acquires Controlling Interest in Cold Mill Manufacturer I2S
Jun. 5, 2009 - Tenova acquires the controlling interest of I2S, a leading manufacturer of high quality cold rolling mills.
AK Steel Announces July 2009 Surcharges
Jun. 5, 2009 - AK Steel will add a $70-per-ton surcharge to invoices for electrical steel products shipped in July 2009.
Allegheny Technologies Reports Results of Tender Offer
Jun. 4, 2009 - Allegheny Technologies announces the final results of its cash tender offer to purchase its outstanding 8.375% Senior Notes due 2011.
Northwest Pipe to Supply Pipe for Two Major Water Pipeline Projects in Utah
Jun. 4, 2009 - Northwest Pipe Co. has been selected as the pipe supplier for two major water pipeline projects that are part of the Central Utah Project Completion Act.
Steel Imports Slide 15% in May
Jun. 4, 2009 - Steel import permit applications totaled 1,015,000 net tons for the month of May, a 15% decrease from April 2009 permit tons and a 16% decrease from the April preliminary imports total according to the latest report from AISI.
Olympic Steel Announces Recipient of Chairman’s Humanitarian Award
Jun. 3, 2009 - Olympic Steel announces Luther Newbill as the 2009 recipient of the Chairman’s Humanitarian Award, in recognition of his extraordinary community support through foster parenting and support of a local children’s charity.
Steel Dynamics Announces Offerings of Stock, Notes
Jun. 3, 2009 - Steel Dynamics announced its intention to offer 27 million shares of common stock and $150 million of convertible senior notes due 2014, with the notes guaranteed by certain of its subsidiaries.
Worthington Industries Commences Tender Offer
Jun. 2, 2009 - Worthington Industries announces a cash tender offer for the $138.0 million outstanding principal amount of its 6.70% Notes due December 1, 2009.
Worthington Industries to Acquire Piper Metal Forming Assets
Jun. 2, 2009 - Worthington Industries purchases the assets of Piper Metal Forming, U.S. Respiratory, and Pacific Cylinders.
AK Steel to Increase Carbon Steel Prices
Jun. 2, 2009 - AK Steel says it will increase spot market prices for its carbon steel products effective with new orders scheduled for delivery on July 1, 2009 and later.
Allegheny Technologies Completes Notes Offering
Jun. 2, 2009 - Allegheny Technologies completes its public offering of $350,000,000 of 9.375% Senior Notes due 2019.
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