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Latest News:
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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).
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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.
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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 $5.3 billion for the nine months ended May 31, 2009.
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Steel Imports Slip 17% in May Jun. 24, 2009 - The U.S. imported a total of 1,020,000 net tons of steel in May 2009, an 11% decrease vs. April final data, according to the latest report from AISI.
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Gerdau Ameristeel Amends Term Loan Covenants Jun. 23, 2009 - Gerdau Ameristeel reaches agreement with lenders for temporary relaxation of the covenants its Term Loan Facility, which currently has US$ 2.6 billion of borrowings outstanding.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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