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Latest News:
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Cliffs Named to Bloomberg Businessweek’s 50 Top Performers List
Jun. 29, 2010 - Cliffs Natural Resources is ninth on Bloomberg Businessweek’s inaugural “50 Top Performers” list, which ranks U.S. corporations with the highest total returns for shareholders in the Standard & Poor’s 500 stock index over the past five years.
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AISI Commends Congressmen for Actions on China Currency
Jun. 24, 2010 - Congressmen Tim Ryan (D-Ohio) and Tim Murphy (R-Pa.) were commended by AISI's Thomas J. Gibson for their urgent call to the House of Representatives to pass their bipartisan legislation, The Currency Reform for Fair Trade Act of 2009 (H.R. 2378).
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Commercial Metals Reports 3rd Quarter Loss
Jun. 23, 2010 - Commercial Metals Co. reported a net loss of $8.8 million, or $0.08 per diluted share, on net sales of $1.8 billion for the quarter ended May 31, 2010. This compares with a net loss of $13.1 million, or $0.12 per diluted share, on net sales of $1.3 billion for the same period last year.
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Metals USA Holdings to Join Russell 3000 Index
Jun. 23, 2010 - Metals USA Holdings Corp. is set to join the broad-market Russell 3000® Index when Russell Investments reconstitutes its U.S. and global equity indexes on June 25, according to a preliminary list of additions posted on Russell’s website.
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Preliminary Steel Imports Rise 7% in May
Jun. 23, 2010 - The U.S. imported a total of 2,226,000 net tons of steel in May, up 7% vs. April final data and the 3rd consecutive monthly increase according to the latest report from AISI.
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Olympic Steel Bestows Humanitarian Award
Jun. 22, 2010 - Olympic Steel, Inc. has chosen Eva Miranda as the 2010 recipient of the Chairman's Humanitarian Award. She was recognized for using her language skills to broaden the reach of local philanthropic initiatives.
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TMK IPSCO Plants Ratify New Labor Agreement
Jun. 22, 2010 - TMK IPSCO was recently notified by the USW and its Local 9305 that union members at the company's Koppel and Ambridge, Pa., plants have ratified a new labor agreement. The new contract replaces one that expired May 31, 2010, and will remain in effect through May 31, 2014.
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ATI Selects Siemens VAI for New Advanced Integrated Hot-Rolling Mill
Jun. 22, 2010 - Allegheny Technologies Inc. has selected Siemens VAI Metals Technologies to design, engineer, and supply the hot-rolling mill for ATI Allegheny Ludlum’s Brackenridge, Pa., new advanced specialty metals hot-rolling and processing facility, which is expected to be completed in about four years.
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May World Crude Steel Output up 2.9% from Previous Month
Jun. 22, 2010 - World crude steel production for the 66 countries reporting to the World Steel Association stood at an estimated 124.18 million tonnes in May 2010 — a 2.1% increase from the previous month (April 2010) and a 29.1% increase vs. May 2009.
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Supreme Court Rules in Favor of New Process Steel
Jun. 21, 2010 - The Supreme Court of the United States has sided with New Process Steel, L.P. in the case v. the National Labor Relations Board. The case came about when the union representing employees at the New Process Steel plant in Butler, Ind., failed to reach an agreement over a new contract with New Process Steel, L.P.
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U. S. Steel Names General Manager-Logistics Services
Jun. 18, 2010 - United States Steel names Gerald W. Gagliano as General Manager—Logistics Services, with responsibility for overseeing all outbound rail, barge and truck operations at all domestic U. S. Steel facilities.
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Metals Volumes Continue to Climb through May 2010
Jun. 17, 2010 - May shipments of steel and aluminum products from U.S. and Canadian metals service centers increased at double-digit rates from depressed year-ago levels, according to the latest Metals Activity Report from MSCI.
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Essar Steel Algoma Reports Results for Fiscal Year 2010
Jun. 17, 2010 - Essar Steel Algoma reported a net loss of $68.4 million on sales of $464.8 million for the fourth quarter, and a net loss of $398.9 million on sales of $1,409.4 million for the fiscal year ended March 31, 2010.
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Steel Dynamics Announces Second Quarter Earnings Guidance
Jun. 17, 2010 - Steel Dynamics, Inc. announced that it expects to report earnings of $0.20 to $0.25 per diluted share for the second quarter. Anticipated results reflect lower flat-rolled volumes and margins vs. the previous quarter, as well as the impact of both planned and unplanned outages.
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April Steel Shipments Down 7.7% from March
Jun. 17, 2010 - U.S. steel mills shipped 7,057,660 net tons for the month of April 2010, a 7.7% decrease from the previous month and a 74.6% increase from the 4,042,457 net tons shipped in April 2009, according to the latest report from AISI.
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Court Upholds Canadian Law, Dismisses U.S. Steel Case on Unconstitutionality
Jun. 15, 2010 - A Canadian Federal Court ruling confirms the federal government's ability and obligation to ensure foreign takeovers of Canadian companies provide real benefits to the country, and dismissing a legal challenge by U.S. Steel, which had argued the Investment Canada Act's enforcement mechanisms were unconstitutional.
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USITC Determines PC Strand from China Injures U.S. Industry
Jun. 11, 2010 - The United States International Trade Commission has determined that a U.S. industry is materially injured by imports of prestressed concrete steel wire strand from China that the U.S. Department of Commerce has determined are subsidized and sold at less than fair value.
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Tenova Core to Revamp EAF at Ivaco Rolling Mills
Jun. 10, 2010 - Tenova Core has been contracted to revamp the 75-ton electric arc furnace at Ivaco’s steelmaking facility in L’Orignal, Ont. The project features a new upper shell and new lower shell designed to fit the existing EAF tilt platform.
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AISI, Other Associations Call for Currency Reform for China
Jun. 10, 2010 - The American Iron and Steel Institute and five other North American steel industry trade associations have sent a letter to the U.S., Canadian and Mexican Trade and Finance Ministers urging “strong and coordinated” efforts to achieve “a large and sustained appreciation” of China’s currency.
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Steel Technologies Announces Management Transition
Jun. 9, 2010 - Steel Technologies LLC has announced that CEO Bradford T. Ray will resign and assume an advisory role as of July 1, 2010. Michael J. Carroll will be appointed CEO and President that same date, subject to board approval on June 11.
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Commerce Preliminarily Finds Subsidization of Drill Pipe from China
Jun. 9, 2010 - The Department of Commerce has announced its affirmative preliminary determination in the CVD investigation on imports of drill pipe from P.R. China, noting that Chinese exporters including mandatory respondent DP Master Group have received countervailable subsidies of 15.72%.
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David Joseph Establishes Switzerland Office
Jun. 9, 2010 - The David Joseph Co. announced the opening of an international office in Switzerland, which will serve current and potential European customers, focusing on ferrous and ferro-alloy scrap, and exploring other opportunities to provide its services.
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Cliffs Reviews Options Regarding Proposed KWG Takeover
Jun. 8, 2010 - Cliffs Natural Resources Inc. continues to review its options with respect to making a formal offer for the common shares of KWG Resources Inc. Cliffs may not make such an offer due to KWG’s recent disclosure that it has entered into a binding letter agreement to merge with Spider Resources Inc.
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Emerging Markets to Drive Stainless Steel Growth
Jun. 8, 2010 - Global production of stainless steel is likely to exceed 30 million tonnes this year compared to less than 24 million tonnes in 2009, with 50% of this output likely to come from emerging markets such as China, India, the Middle East, and South America, reported the Chairman of the Bureau of International Recycling, Stainless Steel & Special Alloys Committee.
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ALJ Refinances KES Senior Credit Facility, Repurchases Stock, Debt
Jun. 7, 2010 - ALJ Regional Holdings operating subsidiary KES Acquisition refinances senior credit facility and repurchase 6,564 shares of its 13% Series A Preferred Stock at a discount to par. ALJ also has repurchased a portion of its outstanding subordinated debt at a discount to par.
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AK Steel Exec Named to Who's Who in Black Cincinnati
Jun. 4, 2010 - Ernest J. Blache Jr., President of AK Steel's discontinued insurance and finance leasing businesses, Armco Financial Services Group and Northwestern National Insurance Co., has been listed in the 2010 edition of Who's Who In Black Cincinnati.
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SSINA Appoints New Market Development Committee Chairman
Jun. 4, 2010 - The Specialty Steel Industry of North America (SSINA) has appointed Michael Stateczny as the Chairman of its Market Development Committee, effective June 9, 2010. Stateczny is the Senior Vice President of Plate Products for Outokumpu Stainless, Inc.
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Steel Import Permits Increase 4% in May
Jun. 3, 2010 - Steel import permit applications totaled 2,148,000 net tons for the month of May, a 4% increase from the 2,060,000 permit tons recorded in April, according to the latest report from AISI.
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Gerdau S.A. Proposes to Acquire Minority Shares in Gerdau Ameristeel
Jun. 3, 2010 - Gerdau S.A. has delivered to the Board of Directors of Gerdau Ameristeel a proposal to acquire all shares of Gerdau Ameristeel Corp. that it does not already own for US$11.00 cash per share. The Board has unanimously determined that it would support a transaction at the price, subject to finalization of definitive documentation for the transaction.
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Lakeside Steel to Add Shift, Hire Employees
Jun. 3, 2010 - Due to increased demand for its API-approved oil country tubular goods tubing, casing, and API line pipe, Lakeside Steel Inc. is adding an additional shift to the Stretch Reduction Mill and hiring up to 12 new full-time employees.
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Essar Steel Algoma Takes Action against Cliffs
Jun. 1, 2010 - Essar Steel Algoma has commenced arbitration proceedings against Cleveland-Cliffs Iron Co. and some of its affiliates to resolve a pricing dispute and to ensure its supply of iron ore pellets pending a resolution.
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AK Steel Announces Senior Management Changes
Jun. 1, 2010 - AK Steel’s Board of Directors has approved the promotion of several members of its executive management team, as well as three new vice president positions and the appointment of a new Controller and Chief Accounting Officer.
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Massey Energy ‘Not for Sale’
May 28, 2010 - Massey Energy Co. has issued a statement saying it is not preparing the company for sale, contrary to media reports. The company continues to have discussions with several entities regarding various asset sales and/or joint venture opportunities, such as the MOU it announced in January with Jindal Steel & Power Ltd.
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SSINA Releases Market Data for February 2010
May 27, 2010 - Total stainless steel imports reached 83,832 tons for YTD February 2010, a 32.2% increase compared to YTD February 2009 according to the latest report from SSINA. Total specialty imports (comprising stainless steel, alloy tool steel and electrical steel) were up 14.2% through the same period.
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Nucor Receives Air Quality Permit for St. James Parish Project
May 26, 2010 - The Louisiana Department of Environmental Quality has issued an air quality permit, marking a milestone in the construction of a major greenfield facility in St. James Parish. The issuance of the permit allows Nucor to move forward in its site selection process.
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Cliffs Proposes Transactions to Acquire KWG, Spider
May 26, 2010 - Cliffs Natural Resources Inc. intends to make take-over bids pursuant to which it or an affiliate would acquire all of the common shares of KWG Resources Inc. and/or Spider Resources Inc. not owned by Cliffs or its affiliates.
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Olympic Steel Recognized for Safety Excellence
May 24, 2010 - Olympic Steel, Inc. has been recognized for its adherence to excellence in safety by the Fabricators & Manufacturers Associations, International. Its facilities in Cleveland, Chicago, and Detroit received Safety Awards of Honor for perfect safety records with no recordable injuries or illnesses for the reporting period.
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Canadian Government Supports Steel-Trade Apprentices in Ontario
May 24, 2010 - The Canadian Steel Trade and Employment Congress received $1.8 million last year, which helped retain and employ 140 workers in the steel industry. Now the Government of Canada is providing an additional $250,000 to help employers in the industry hire 50 new apprentices.
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April World Crude Steel Output Nearly 36% above Last Year
May 21, 2010 - World crude steel production for the 66 countries reporting to the World Steel Association stood at an estimated 121.65 million tonnes in April 2010 — a 0.4% decrease from the previous month (March 2010) and a 35.7% increase vs. April 2009.
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Praxair Canada to Supply Essar Steel Algoma
May 20, 2010 - Praxair Canada and Essar Steel Algoma sign a long-term supply agreement for the design and construction of a cryogenic air separation plant that will supply 900 tons per day of gaseous oxygen to Algoma’s Sault Ste. Marie steelmaking plant.
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March Steel Shipments up 21.2% from February
May 18, 2010 - U.S. steel mills shipped 7,646,938 net tons for the month of March 2010, a 21.2% increase from the 6,311,076 net tons shipped in the previous month according to the latest report from AISI.
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Commerce Finds Dumping, Subsidization of PC Strand from China
May 18, 2010 - In the antidumping duty investigations on imports of prestressed concrete steel wire strand from China, the Department of Commerce has determined that Chinese producers/exporters have sold the product in the U.S. at 42.97 to 193.55%. In the countervailing duty case, Commerce determined that Chinese producers/exporters have received net countervailable subsidies ranging from 8.85 to 45.85%.
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Agreement Reached with Allegheny Ludlum on Clean Air Violations
May 18, 2010 - The U.S. EPA, Allegheny County Health Department, and U.S. Department of Justice have reached a settlement agreement with Allegheny Ludlum Corp. for alleged Clean Air Act violations at its Natrona silicon steel production plant in Allegheny County, Pa.
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ITC to Uphold Duties on Stainless Wire Rod from Five Countries
May 17, 2010 - The U.S. International Trade Commission has determined that revoking the existing antidumping duty orders on stainless steel wire rod from Italy, Japan, Korea, Spain, and Taiwan would likely lead to continuation or recurrence of material injury within a reasonably foreseeable time. Therefore, the existing orders will remain in place.
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ALJ Announces 2nd Quarter Earnings
May 17, 2010 - ALJ, the parent company of Kentucky Electric, reported net income of $725,759 on net sales of $49.49 million for the six months ended March 31, 2010.
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AISI CEO Comments on GHG Regulation
May 17, 2010 - American Iron and Steel Institute President and CEO Thomas J. Gibson believes that the Tailoring Rule issued by the Environmental Protection Agency does not solve the fundamental problems associated with regulating greenhouse gases (GHGs) under the Clean Air Act.
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Russel Metals Reports Stronger Q1 Net Earnings
May 14, 2010 - Russel Metals Inc. announced first-quarter earnings of $17 million or $0.28 per share, compared to net earnings of $0.10 per share, excluding inventory write-downs, in the first quarter of 2009. Reported results for Q1 2009 were a loss of $0.92 per share due to inventory write-downs.
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SSINA Urges Responsible Enforcement of Cuban Embargo
May 14, 2010 - The Specialty Steel Industry of North America issues statement to the House Ways and Means Committee encouraging stricter enforcement of the U.S. regulations on trade with Cuba, particularly with respect to China.
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Tata Named ‘Steelmaker of the Year’ at AISTech
May 12, 2010 - Ratan N. Tata, Tata Sons Ltd., Tata Industries, was named “Steelmaker of the Year” at AISTech 2010, managed by the Association for Iron & Steel Technology, for its “entrepreneurial spirit” that lead Tata Steel from India’s first integrated steel plant to a global leader in steel production.
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William P. Breedlove Appointed AIST President for 2010–2011
May 11, 2010 - The Association for Iron & Steel Technology announced the appointment of William P. Breedlove as the Association’s President for 2010–2011 last week during AISTech 2010, the organization’s annual conference and exposition.
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U.S. Industrial Sector Reduces GHG Emissions
May 11, 2010 - The American Materials Manufacturing Alliance reports that between 1990 and 2008, industrial was the only sector of the U.S. economy in which greenhouse gas emissions fell.
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OSHA Proposes Fines against Tonawanda Coke for Serious Violations
May 10, 2010 - The U.S. Department of Labor's Occupational Safety and Health Administration has proposed a total of $48,500 in fines against Tonawanda Coke Corp. for 14 alleged serious violations of workplace health and safety standards at the company's River Road plant in Tonawanda, N.Y.
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AISI Names Winner of its Highest Honor
May 10, 2010 - The American Iron and Steel Institute names James L. Wainscott the 2010 recipient of the Gary Memorial Medal, which recognizes an individual for remarkable lifelong contributions to the North American steel industry. Wainscott is AK Steel Corp.'s Chairman, President and CEO.
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Steel Import Permits Drop 3% in April
May 7, 2010 - Steel import permit applications totaled 1,968,000 net tons for the month of April, a 3% decrease from the 2,027,000 permit tons recorded in March according to the latest report from AISI.
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Nucor CEO Elected as New AISI Chairman
May 6, 2010 - The Board of Directors of the American Iron and Steel Institute has elected Daniel R. DiMicco, Chairman, President, and CEO of Nucor Corp., to serve as Chairman of the Institute until May 2011. He succeeds James L. Wainscott, Chairman, President, and CEO of AK Steel Corp.
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WorldAutoSteel Project Showcases Light Electrified Vehicle Structures
May 6, 2010 - WorldAutoSteel, supported by investors of the Steel Market Development Institute, revealed seven AHSS optimized structural subsystems as part of FutureSteelVehicle Phase 2, a global steel-industry effort to develop lightweight architectures for electrified vehicles.
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AK Steel Employees Set World Casting Record
May 6, 2010 - AK Steel employees at Middletown have set a world record for consecutive heats of carbon steel continuously cast on either a single- or double-strand caster. Crews cast 474,131 tons of carbon steel slabs in 2156 consecutive heats over a 59-day sequence.
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AK Steel, Carpenter Announce Price Increases
May 4, 2010 - AK Steel announces increases of 6 to 9% on base prices for all 200, 300 and 400 series flat rolled stainless steel products, while Carpenter announces an average 5% increase in base prices for all specialty stainless, high temperature and electronic alloys in all product forms.
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ITC Determines OCTG from China Injures U.S. Industry
May 4, 2010 - The U.S. International Trade Commission has determined that U.S. industry is materially injured or threatened with material injury by imports of oil country tubular goods from China that Commerce has determined are sold at less than fair value. Commerce will therefore issue an antidumping duty order.
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Carpenter Technology Reports Q3 Results
May 3, 2010 - Carpenter Technology Corp. reported net income of $2.1 million ($0.05 per diluted share) for the third quarter ended March 31, 2010, compared to $13.1 million ($0.30 per diluted share) for the 2009 third quarter.
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Universal Stainless Reports Further Recovery in Q1 2010
May 3, 2010 - Universal Stainless & Alloy Products, Inc. reported sales for the first quarter of 2010 of $34.7 million, compared with $42.2 million in the first quarter of 2009 and $26.7 million in the fourth quarter of 2009.
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ATI Allegheny Ludlum to Increase Stainless Prices
Apr. 30, 2010 - ATI Allegheny Ludlum is increasing base sales prices for cold-rolled and hot-rolled stainless sheet and strip products by approximately 6% effective with shipments beginning May 31, 2010.
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Severstal NA to Sell Select Northern Steel Group Assets
Apr. 30, 2010 - Severstal North America enters into definitive agreement to sell some of the assets operated under Northern Steel Group, including Miami Valley Steel Service; Premier Resource Group; Electric Coating Technology; and U.S. Metals and Supply.
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EPA Requires Improvements at Tonawanda Coke
Apr. 30, 2010 - The U.S. Environmental Protection Agency has ordered the Tonawanda Coke Corp. (TCC) to find and fix deficiencies in its operation of the coke manufacturing facility in Tonawanda, N.Y. EPA is also requiring TCC to explain two incidents that took place at the facility in 2009 and 2010, apparently due to power and equipment failures.
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Nucor Presents Quaker Chemical with Safety Award
Apr. 28, 2010 - Quaker Chemical was recently recognized by Nucor Steel for its ongoing commitment to the safety and well-being of their employees as well as those of their customers. A Safety Excellence Award was presented to Quaker Chemical during the Nucor Safety Summit.
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Preliminary Steel Imports Increase 25% in March
Apr. 28, 2010 - The U.S. imported a total of 1,971,000 net tons of steel in March, up 25% vs. February final data and the highest monthly total since January 2009 according to the latest report from AISI.
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Steel’s Role in the ‘Greening’ of the Auto Industry
Apr. 27, 2010 - The Steel Market Development Institute used the occasion of the 40th anniversary of Earth Day, on April 22, to remind automakers of the benefits of using advanced high-strength steels, which require less energy and emissions to produce, make lighter parts, and are fully recyclable.
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AK Steel Announces Notes Offering, Cash Tender Offer and Consent Solicitation
Apr. 27, 2010 - AK Steel has commenced a registered offering of $400 million aggregate principal amount of its senior notes due 2020, a tender offer to purchase for cash outstanding Senior Notes due 2012, and a consent solicitation for proposed amendments to the indenture governing the Senior Notes due 2012.
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Cliffs Appoints New Vice President
Apr. 26, 2010 - Cliffs Natural Resources Inc. has appointed William J. McFadden as a Vice President, Commercial – North American Iron Ore, for Cliffs Sales Co., effective April 26. He is responsible for iron ore sales and marketing.
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Reliance Reports Q1 Results
Apr. 26, 2010 - Reliance Steel & Aluminum Co. reported for the 2010 first quarter ended March 31 net income of $44.7 million, a 122% increase from 2009 first-quarter net income of $20.1 million.
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AK Tube Plants Recognized for Outstanding Safety Performance
Apr. 23, 2010 - The Columbus, Ind., and Walbridge, Ohio, plants of AK Tube have received the Safety Award of Merit from the Fabricators and Manufacturers Association, International. The award annually recognizes companies for outperforming their industry's injury and illness rate by at least 10%.
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SSINA Releases January Market Data
Apr. 23, 2010 - Imports of total specialty steel (comprising stainless steel, alloy tool steel, and electrical steel) in January were 55,266 tons, an 8.8% increase compared to January 2009, according to the latest statistical data released by the Specialty Steel Industry of North America.
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SMS Meer Modernizes Mill for Nucor in ‘Record Time
Apr. 22, 2010 - SMS Meer has modernized a finishing mill for Nucor Steel Darlington, S.C., in five weeks. The new continuous finishing mill allows shorter stand changing times as well as reduced setup and adjustment times.
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AK Steel Reports Q1 Financial Results
Apr. 21, 2010 - AK Steel reports net income of $1.9 million ($0.02 per diluted share of common stock) for the first quarter of 2010, compared to a net loss of $73.4 million ($0.67 per diluted share) for the same period a year ago.
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March World Crude Steel Output More than 30% above Last Year
Apr. 21, 2010 - World crude steel production for the 66 countries reporting to the World Steel Association stood at an estimated 120.31 million tonnes in March 2010 — an 11.2% increase from the previous month (February 2010) and a 30.6% increase vs. March 2009.
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Commercial Metals Announces Two Executive Appointments
Apr. 21, 2010 - Commercial Metals Co. has appointed Joseph Alvarado as Executive Vice President and Chief Operating Officer of CMC, and Tracy L. Porter as Vice President of CMC and President of the CMC Americas Division. Alvarado begins his new role on April 30; Porter's new role is effective April 19.
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California Steel Industries Posts Improved Q1 Results
Apr. 21, 2010 - California Steel Industries reports sales revenues of $232.7 million for the period ended March 31, 2010, compared to $147.1 million for the year-ago first quarter. Net income for the period is $10.4 million, an improvement from last year's net loss of $15.3 million in the first quarter.
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U. S. Steel Selects New General Manager-Raw Materials
Apr. 20, 2010 - United States Steel Corp. has named Marc F. Stoken as the General Manager-Raw Materials effective April 1. He is responsible for overseeing all raw materials purchasing activities for U. S. Steel's North American operations.
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U.S., Canadian Steel Shipments See Double-Digit Increases for March
Apr. 20, 2010 - Shipments of steel products from U.S. metals service centers in March totaled 3.21 million tons, a 24.0% increase from a year ago, according to the latest Metals Activity Report from the Metals Service Center Institute. In Canada, March steel shipments totaled 516,400 tons—15.9% more than the same month a year ago.
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PTC Alliance Obtains Court Approval of Asset Sale
Apr. 19, 2010 - The U.S. Bankruptcy Court has authorized the sale of substantially all of PTC Alliance’s assets in the U.S. and the stock of its non-debtor German subsidiary, Wiederholt GmbH. The sale to agents of the company's credit facilities supported by funds managed by Black Diamond Capital Management LLC was authorized at a hearing on April 14, 2010.
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February Steel Shipments Down 4.1% from January
Apr. 19, 2010 - U.S. steel mills shipped 6,311,076 net tons for the month of February 2010, a 4.1% decrease from the 6,579,808 net tons shipped in the previous month according to the latest report from AISI.
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EPA Settles with Alro Steel for Chemical Inventory Reporting Violations
Apr. 19, 2010 - U.S. Environmental Protection Agency Region 5 recently settled a case of hazardous chemical reporting violations involving Alro Steel Corp. The consent agreement and final order applies to Alro facilities in Lansing, Mich.; Melrose Park, Ill.; and Indianapolis and Fort Wayne, Ind.
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AISI Praises Climate Change Letter Sent by Manufacturing States Senators
Apr. 16, 2010 - AISI expresses gratitude to Sens. Sherrod Brown, Debbie Stabenow, Carl Levin, Robert Casey, Arlen Specter, Mark Warner, Claire McCaskill, Evan Bayh and Kay Hagan for their extensive efforts to ensure that climate legislation under development promotes manufacturing competitiveness, maintenance of jobs and reduction of global greenhouse gas emissions.
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Lakeside Steel Provides Q4 Operations Update
Apr. 15, 2010 - Lakeside Steel reports shipments of 39,916 tons for the fourth quarter ended March 31, 2010 — a 70% improvement over the previous quarter (3Q10) as well as a 70% improvement over the year-ago fourth quarter.
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Cliffs Names New Executive Vice President
Apr. 14, 2010 - Cliffs Natural Resources Inc. has appointed P. Kelly Tompkins as Executive Vice President – Legal, Government Affairs and Sustainability, which is a newly created role. He will officially join Cliffs on May 3, 2010.
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Commerce Finds Dumping of OCTG from China
Apr. 14, 2010 - The U.S. Department of Commerce announced on April 9 its affirmative final determination in the antidumping duty investigation on imports of oil country tubular goods from P.R. China. Commerce determined that Chinese producers/exporters have sold OCTG in the United States at margins ranging from 29.94 to 99.14%.
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Universal Stainless Announces Resignation of CFO
Apr. 13, 2010 - Richard M. Ubinger has submitted his resignation as Vice President of Finance, Chief Financial Officer, and Treasurer of Universal Stainless & Alloy Products, Inc. effective April 30, 2010. Ronald Hauck, who joined the company as Controller in 2005, will serve as principal financial officer on an interim basis through the conclusion of the search process.
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LTU Design Students Unveil Steel Wheel Concepts at AISI Competition
Apr. 12, 2010 - The Wheels Task Force of the Steel Market Development Institute and Michelin in partnership with Lawrence Technological University (LTU) recently announced the scholarship winners of the Steel Wheel design competition at the program's unveiling on LTU's campus.
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Lakeside Steel Earns Compliance with Canadian ERCB Directive 010
Apr. 12, 2010 - Now that it has achieved compliance with Canadian-based Energy Resource Conservation Board Directive 010, Appendix B, Lakeside Steel is qualified to sell casing in grades H40, J55 and L80 supplied from its welded facilities in Welland, Ont.
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Schnitzer Steel Reports Q2 2010 Financial Results
Apr. 8, 2010 - Schnitzer Steel Industries, Inc. reported diluted earnings per share from continuing operations of $0.62 for its fiscal 2010 second quarter ended February 28, 2010, compared with a diluted loss per share from continuing operations of ($0.18) for the same quarter of fiscal 2009.
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EPA to Begin Full Investigation at Raritan Bay Slag Superfund Site
Apr. 8, 2010 - The U.S. EPA will begin a full investigation of the type and extent of contamination at the Raritan Bay Slag Superfund Site in Old Bridge and Sayreville, N.J., within a few weeks. The site was put on the federal Superfund list in November 2009 after sampling revealed elevated levels of lead in the jetty and seawall.
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Total Steel Import Permits Increase 20% in March
Apr. 8, 2010 - Steel import permit applications totaled 1,971, 000 net tons for the month of March, a 20% increase from the 1,644,000 permit tons recorded in February according to the latest report from AISI.
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Canada's Steel Industry Starts Awareness Campaign
Apr. 7, 2010 - Canada's steel industry recently kicked off its "New Steel" awareness campaign, which aims to end outdated perceptions of the industry and spread awareness that Canada's new steel industry has made significant advances in product quality, productivity, and environmental responsibility.
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KMH Provides Rail Scale Control System for Essar Steel Algoma
Apr. 7, 2010 - For this project, KMH replaced a “black-box” style scale controller on a bidirectional, double-weighing, coupled-in-motion rail scale using a Rice Lake 920i weighing instrument, a ControlLogix PLC-based control system, and FactoryTalk View operator interface.
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Northwest Pipe Appoints New CEO
Apr. 6, 2010 - The Board of Directors of Northwest Pipe Co. has accepted Brian Dunham's resignation as Chief Executive Officer and has appointed Richard A. Roman to serve in that capacity. Dunham will continue to serve as President and as a member of the Board of Directors.
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Worthington Reports Fiscal 3rd Quarter Results
Apr. 5, 2010 - Worthington Industries reported a net loss of $17.7 million on net sales of $451.1 million for the third quarter ended February 28, 2010, and net earnings of $12.2 million on net sales of $1,316.6 million for the first nine months of fiscal 2010.
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EPA, NY DEC Investigate Equipment Failure at Tonawanda Coke
Apr. 2, 2010 - The U.S. EPA and the New York State Department of Environmental Conservation are investigating equipment failure at Tonawanda Coke that triggered an emergency flare this week to prevent the release of potentially harmful gas.
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ALJ Releases 2nd Quarter Revenue Performance
Apr. 2, 2010 - ALJ Regional Holdings, the parent company of Kentucky Electric Steel, reported revenues of $28.5 million for the second quarter, and revenues of $49.5 million for the six months ended March 31, 2010.
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KMH Completes Controls Upgrade at Tenaris Algoma Tubes
Apr. 1, 2010 - The scope of this project was to upgrade the two control systems associated with an 8-zone rotary furnace. KMH replaced both the existing TDC 2000 DCS for the regulatory controls and the existing Modicon 484 PLC for the BMS with two new Allen Bradley ControlLogix based PLC systems.
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Lakeside Steel to Increase End Finishing Production
Apr. 1, 2010 - Lakeside Steel Inc. will increase production in its Upsetting and Threading Operation via additional production shifts to meet significantly stronger demand for its end-finished OCTG products booked for the quarter ending June 30, 2010.
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Stainless, Specialty Imports Down More than 45% through Year-End 2009
Mar. 30, 2010 - Total stainless imports reached 390,831 tons through December 2009, a 46.4% decrease compared to YTD December 2008 according to the latest report from SSINA. Total specialty imports reached 390,831 tons through the same period, a 47.8% decrease compared to YTD December 2008.
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Timken Named to List of Most Ethical Companies
Mar. 29, 2010 - The Timken Co. has been recognized as one of the World's Most Ethical Companies for 2010 by the Ethisphere Institute, an international organization focused on the advancement of best practices in business ethics, corporate responsibility, and sustainability.
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AK Steel Coke Plant Recognized for Safety Performance
Mar. 29, 2010 - AK Steel's Ashland, Ky., coke plant has received the Max Eward Safety Award from the American Coke and Coal Chemicals Institute. Employees at the plant worked the entire year of 2009 without a single OSHA-recordable injury.
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CMC Reports Second Quarter Loss
Mar. 25, 2010 - Commercial Metals Co. reported a net loss of $173.3 million on net sales of $1.32 billion for the second quarter and a net loss of $204.5 million on net sales of $2.72 billion for the six months ended February 28, 2010.
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Canadian Tribunal Delivers Mixed Findings on OCTG from China
Mar. 24, 2010 - The Canadian International Trade Tribunal finds that dumped and subsidized coupling stock OCTG from China had not caused or threatened to the domestic industry, but that dumped and subsidized casing and tubing OCTG from China had.
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January Steel Shipments Up 9% from December
Mar. 17, 2010 - U.S. steel mills shipped 6,579,808 net tons for the month of January 2010, a 9.0% increase from the previous month according to the latest report form AISI.
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Nucor Announces Guidance for First-Quarter Earnings
Mar. 17, 2010 - Nucor Corp. announced guidance for its first quarter ending April 3, 2010. The company expects first-quarter results to be in the range of ($0.05) to $0.05 per diluted share, compared to a loss of $0.60 per diluted share in the first quarter of 2009 and earnings of $0.18 per diluted share in the fourth quarter of 2009.
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Tenova Core Consteel® Startup at CMC Mesa
Mar. 15, 2010 - Commercial Metals Co. (CMC) has recently completed the successful startup of a new Consteel system designed and supplied by Tenova Core. The new CMC micro-mill plant located in Mesa, Ariz., is producing reinforcing bar.
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CMC Anticipates Second Quarter Loss
Mar. 15, 2010 - Commercial Metals Co. is estimating it will record a net loss between $170 and $180 million ($1.50 to $1.60 per share) for the quarter ended February 28, 2010.
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Steel Dynamics to Offer $300 Million in Notes
Mar. 12, 2010 - Steel Dynamics announces plans to sell approximately $300 million in aggregate principal amount of debt securities in a transaction exempt from the registration requirements of the Securities Act of 1933.
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Cliffs Elects New Board Member
Mar. 11, 2010 - Cliffs Natural Resources Inc.’s Board of Directors has elected James F. Kirsch as a director. Kirsch also currently serves as Chairman, President, and Chief Executive Officer of Ferro Corp.
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ArcelorMittal USA Again Receives Energy Star Honor
Mar. 10, 2010 - ArcelorMittal USA was recently selected, for the third consecutive year, as a 2010 Energy Star® Sustained Excellence Award winner for Energy Management, awarded annually by the U.S. Environmental Protection Agency and the U.S. Department of Energy.
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Steel Dynamics Declares Cash Dividend, Issues Q1 Guidance
Mar. 10, 2010 - Steel Dynamics’ board has declared a quarterly cash dividend of $0.075 per common share, payable on or about April 12, 2010, to shareholders of record at the close of business on March 31, 2010. The company also issued first quarter 2010 earnings guidance of $0.22 to $0.27 per diluted share.
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Steel Import Permits Decline 7% in February
Mar. 5, 2010 - Steel import permit applications totaled 1,530,000 net tons for the month of February, a 7% decrease from the 1,644,000 permit tons recorded in January according to the latest report from AISI.
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Superior Ships Components for EAF Revamp at North Star Bluescope
Mar. 5, 2010 - Superior Machine Co. of S.C., Inc. has completed and shipped the major components for an upcoming revamp of North Star BlueScope Steel, LLC’s electric arc furnace. Superior’s field service crew is in the process of reassembling the tilt platform, bottom shell (hearth), and upper shell onsite.
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AISI Supports Efforts to Halt EPA Regulation of Stationary Sources
Mar. 5, 2010 - The American Iron and Steel Institute applauds efforts in both the U.S. Senate and the U.S. House of Representatives to prevent “economically damaging action” by the Environmental Protection Agency to regulate greenhouse gases from stationary sources.
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Nucor, Mitsui to Form Steel Processing Joint Venture
Mar. 4, 2010 - Nucor Corp. and Mitsui & Co. (U.S.A.) have entered into a 50-50 joint venture in which newly created NuMit LLC will own and operate a flat rolled steel processing network and other steel related projects throughout North America.
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TMK IPSCO to Open New Production Facility in Marcellus Shale Region
Mar. 4, 2010 - TMK IPSCO has signed a lease on a building in Brookfield, Ohio, where it will install new equipment to further expand the threading capacity of its ULTRA Premium Connections product line. The facility is expected to begin operations during the second quarter of this year.
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Nucor Subsidiary Acquires Ocala Recycling
Mar. 2, 2010 - Nucor Corp.’s wholly owned subsidiary, The David J. Joseph Co. (DJJ), has acquired the assets and business of Ocala Recycling LLC, currently a subsidiary of Blaze Metals LLC. DJJ will operate the Ocala facilities as part of Trademark Metals Recycling LLC.
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Essar Steel Algoma Announces Scholarship Program
Mar. 2, 2010 - Essar Steel Algoma has launched a corporate scholarship program that offers two distinct scholarships: The Scholarship of Distinction, which targets university-bound students, and the Scholarship of Merit, which is aimed at students who elect to attend college.
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Commercial Metals to Exit Joist and Deck Business
Mar. 1, 2010 - Commercial Metals Co. recently announced its decision to exit the joist and deck business by way of sale and/or closure of those facilities. The company also has amended its agreement regarding its $400 million revolver and its $100 million accounts receivable (A/R) securitization agreement.
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YTD Stainless, Specialty Imports Down 50% through November 2009
Feb. 25, 2010 - Total stainless imports reached 348,431 tons through November 2009, a 49.9% decrease compared to YTD November 2008 according to the latest report from the SSINA. Total specialty imports reached 442,265 tons through the same period, a 50.6% decrease compared to YTD November 2008.
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AISI Commends Letter by Senators to EPA
Feb. 24, 2010 - The American Iron and Steel Institute has expressed its support for a letter signed by eight U.S. Senators to EPA Administrator Lisa P. Jackson raising “serious economic and energy security concerns” regarding the potential regulation of greenhouse gases from stationary sources under the Clean Air Act.
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Universal Stainless to Elect New Chairman of the Board
Feb. 24, 2010 - Universal Stainless & Alloy Products’ Board of Directors intends to elect Dennis M. Oates, the company's President and CEO, to the additional position of Chairman, in anticipation of the impending retirement from the Board of its current Chairman, Clarence M. ("Mac") McAninch.
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AISI Names Senior Director of Collaborative R&D
Feb. 24, 2010 - The American Iron and Steel Institute has appointed Joseph R. Vehec as Senior Director of Collaborative Research and Development. Currently AISI Director of the Technology Roadmap Program, Vehec will assume his new responsibilities on March 1.
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World Crude Steel Output Climbs Another 2.1% in January 2010
Feb. 23, 2010 - World crude steel production for the 66 countries reporting to the World Steel Association stood at an estimated 109.24 million tonnes in January 2010 — 2.1% higher than the previous month (December 2009) but about 26% higher than January 2009.
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Russel Metals Reports 2009 Annual, Fourth-Quarter Results
Feb. 23, 2010 - Russel Metals Inc. reported a fourth-quarter loss of $25 million ($0.42 per share), which includes a pre-tax net inventory write-down of $5 million and an asset impairment charge of $35 million. For the year, the company reported a loss of $92 million ($1.54 per share).
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USITC Votes to Continue Cases on Drill Pipe, Collars from China
Feb. 22, 2010 - The United States International Trade Commission recently determined that there is a reasonable indication that a U.S. industry is threatened with material injury due to imports of drill pipe and drill collars from China that are allegedly subsidized and sold at less than fair value.
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Severstal Columbus Closes Senior Secured Note Offering
Feb. 22, 2010 - Severstal Columbus LLC, a subsidiary of OAO Severstal, has issued a US$525 million aggregate principal amount of eight-year callable senior secured notes at an original issue discount of 2% and an annual coupon rate of 10.25%.
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Cliffs Reports Fourth-Quarter, Full-Year Results
Feb. 19, 2010 - Cliffs Natural Resources Inc. reported full-year revenues of $2.34 billion for the period ended Dec. 31, 2009, a decrease of 35% from the previous year. Consolidated fourth-quarter revenues were $820.5 million, a decrease of 10% compared to the same quarter last year.
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ALJ Announces 1st Quarter Earnings
Feb. 18, 2010 - ALJ, the parent company of Kentucky Electric, reports a net loss of $153,106 on net sales of $21.03 million for the three months ended December 31, 2009.
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AISI Challenges EPA Endangerment Finding
Feb. 17, 2010 - The American Iron and Steel Institute has filed a legal challenge to the Environmental Protection Agency’s recent decision that will result in greenhouse gas emissions being regulated under the Clean Air Act.
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Vallourec to Invest in New Youngstown Rolling Mill
Feb. 16, 2010 - Vallourec plans to build a new state-of-the-art, small-diameter rolling mill in Youngstown, Ohio. The company says this decision is supported by the long-term development of unconventional gas production in the U.S., which is driving increased demand for small-diameter OCTG tubes.
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AISI Names New President of Steel Market Development Institute
Feb. 16, 2010 - The American Iron and Steel Institute has appointed Lawrence W. Kavanagh as President of the Steel Market Development Institute, succeeding current President David C. Jeanes. Kavanagh will assume his new responsibilities on March 1.
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L.B. Foster Awarded Contract for Ports of Indiana
Feb. 15, 2010 - L.B. Foster Co. is providing steel sheet piling for improvements to the Ports of Indiana-Burns Harbor. It will begin shipping the piling in February 2010 with the final shipment expected by early April 2010.
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Steel Industry Leaders Express Sorrow over Murtha's Passing
Feb. 10, 2010 - The chairman of the American Iron and Steel Institute, the president of the United Steelworkers, and other steel industry leaders expressed sorrow over the death of Congressman John P. Murtha, Jr. (D-Pa.), a founding member of the Congressional Steel Caucus during his 19-term career in Congress.
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Danieli Micromill Started Up at CMC Arizona
Feb. 10, 2010 - Commercial Metals Co.’s CMC Steel Arizona has started up a new generation of Danieli continuous casting-rolling micromill. MI.DA® completes the range of Danieli minimills.
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Lakeside Announces Capital Expansion Plans, Renewal of Credit Facility
Feb. 10, 2010 - Lakeside Steel Inc.’s Board of Directors has recently approved a significant capital investment for the fiscal year ending March 31, 2011. Capital expansion plans include the construction of new facilities at the Welland, Ont., location of its wholly owned subsidiary, Lakeside Steel Corp.
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Linde Technology Helps ArcelorMittal Garner AIST Award
Feb. 9, 2010 - REBOX® oxyfuel technology developed and deployed by Linde North America has helped ArcelorMittal win the AIST 2009 Energy Achievement Award for its efforts to reduce fuel consumption by nearly two-thirds in the billet reheating operation at its Shelby, Ohio, seamless tube mill.
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Evraz Inc. NA CEO to Retire
Feb. 8, 2010 - Evraz Inc. NA announces that Chief Executive Officer Jim Declusin will retire from the company.
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Lakeside Steel Selected for 2010 TSX Venture 50
Feb. 8, 2010 - Lakeside Steel Inc. has been named by TSX Venture Exchange as one of the TSX Venture 50, a ranking comprised of 10 emerging companies in five industry sectors that have been identified as leaders in Canada's public venture market.
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Posco Begins to Build Processing Center in Alabama
Feb. 8, 2010 - The steelmaker recently broke ground for Posco-AAPC, a 120,000-tonne-per-year processing facility inside the Jefferson Metropolitan Industrial Complex in the city of Birmingham, Ala. The facility is scheduled to open in July.
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Middough Announces New Hire for Architectural Business
Feb. 5, 2010 - Middough Inc. has announced that William A. Burmeister, AIA, has joined its St. Louis, Mo., location as senior project manager. His responsibilities include developing and managing health care, higher education, and government projects for the company's architectural business.
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Steel Dynamics Reports 4th Quarter, 2009 Results
Feb. 4, 2010 - Steel Dynamics reported net income of $26.7 million on net sales of $1.2 billion for the fourth quarter and a net loss of $8.2 million on net sales of $4.0 billion for the fiscal year ended December 31, 2009.
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Steel Import Permits Rise 12% in January
Feb. 4, 2010 - Steel import applications reached 1,537,000 net tons for the month of January, a 12% increase from the 1,377,000 permit tons recorded in December 2009 according to the latest report from AISI.
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Tenova I2S Cluster Mill Commissioned in U.S.
Feb. 4, 2010 - Tenova I2S has commissioned a new ZR33-22” mill at MK Metalfoils USA in Duncan, S.C. MK Metalfoils runs stainless steels and special materials (e.g., nickel and nickel alloys, catalyst foils, titanium) in thicknesses down to 0.020 mm.
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AIST Presents 2010 Energy Achievement Award
Feb. 3, 2010 - The AIST Energy and Utilities Technology Committee recently presented the 2010 Energy Achievement Award to Michael T. Lantz of ArcelorMittal Shelby. ArcelorMittal Shelby received the award for its work to implement Linde REBOX® oxyfuel solutions on its rotary hearth furnace.
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Timken Reports 2009 Results, 2010 Outlook
Feb. 3, 2010 - The Timken Co. reported a net loss of $20.2 million on sales of $774.6 million for the fourth quarter and a net loss of $134.0 million on sales of $3.1 billion for the year 2009.
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Metals USA Reports Q4, Year-End Results
Feb. 3, 2010 - Metals USA Holdings Corp. reported a fourth quarter net loss of $4.4 million compared to a net loss of $7.0 million in fourth quarter 2008. For the 2009 fiscal year, the company's net income was $3.5 million vs. net income for fiscal 2008 of $72.6 million.
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Worthington Steel Acquires Strip Steel Assets of Gibraltar
Feb. 2, 2010 - Worthington Industries’ Steel Processing business segment has acquired the steel processing assets of Gibraltar Industries, including its Cleveland facility, the equipment and inventory of its Buffalo facility, and a warehouse facility in Detroit.
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Tonawanda Coke Ordered to Comply with State, Federal Laws
Jan. 29, 2010 - The U.S. EPA and the New York State Department of Environmental Conservation have ordered Tonawanda Coke Corp. over the past two months to maintain and operate its coke manufacturing facility in a manner that no longer violates federal and state environmental laws. EPA is sharing information about its ongoing multi-faceted investigation of this facility in an effort to keep the Tonawanda community fully informed.
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Carpenter Technology Reports 2nd Quarter Results
Jan. 28, 2010 - Carpenter Technology announced net income of $3.5 million ($0.08 per diluted share) for the second quarter ended December 31, 2009. This compares with net income of $29.8 million ($0.68 per diluted share) for the year-ago second quarter.
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Nucor Reports 4th Quarter, Year-End Results
Jan. 27, 2010 - Nucor reports consolidated net earnings of $58.9 million on consolidated net sales of $2.94 billion for the fourth quarter and a consolidated net loss of $293.6 million on consolidated net sales of $11.19 billion for the full year 2009.
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Ryerson Acquires Texas Steel Processing
Jan. 27, 2010 - Ryerson Inc.'s wholly owned subsidiary, Joseph T. Ryerson & Son, Inc., has acquired Texas Steel Processing, Inc. for an aggregate purchase price of approximately $11.4 million.
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Severstal North America to Restart Facilities
Jan. 26, 2010 - As part of its North American 2010 operating plan, OAO Severstal plans to restart certain facilities that had been previously idled. Severstal Warren is scheduled to return to service its blast furnace, steelmaking, and hot strip mill facilities late in the first quarter of 2010.
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World Crude Steel Output Decreases by 8.0% in 2009
Jan. 25, 2010 - Despite a 13.5% year-on-year increase in crude steel production from China, world crude steel production decreased by about 8.0% in 2009 compared to 2008, with an estimated production total of 1220 million tonnes.
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AK Steel Supports Emergency Relief Efforts in Haiti
Jan. 25, 2010 - AK Steel donates $100,000 through its foundation to help support emergency relief efforts in Haiti. The company's donation was split equally between Doctors Without Borders and the American Red Cross.
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L.B. Foster Supplies Steel Grid Decking for NYC Bridge
Jan. 22, 2010 - L.B. Foster Co. is supplying the City of New York DOT with 10,000 ft2 of steel grid decking to replace the roadway of the Greenpoint Avenue Bridge over Newtown Creek. The company will also provide 2500 ft2 of 7-ft-wide decking for the drawbridge's sidewalks.
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Commerce Initiates Investigations of Drill Pipe from China
Jan. 22, 2010 - The U.S. Department of Commerce has initiated antidumping duty and countervailing duty investigations on imports of drill pipe from P.R. China. From 2006 to 2008, imports of drill pipe from China increased 106% by volume.
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November Steel Shipments Down 11% from October
Jan. 22, 2010 - U.S. steel mills shipped 5,424,000 net tons for the month of November 2009, an 11.0% decrease from the 6,097,000 net tons shipped in the previous month according to the latest report from AISI.
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Steel, Aluminum Inventories Rise in U.S. and Canada
Jan. 21, 2010 - Inventories of steel and aluminum products at metals service centers in the United States and Canada rose slightly in December as shipments of those products declined seasonally, according to the latest Metals Activity Report from the Metals Service Center Institute.
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Severstal to Restart Martins Ferry Coating Line
Jan. 18, 2010 - Severstal NA recently announced that the Martins Ferry, Ohio, coating line of Severstal Wheeling will return to operation on January 25. The number of recalled employees will vary from week to week based on order entry levels.
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Harsco Receives Two Mill Services Contracts in the U.S.
Jan. 18, 2010 - Harsco Corp. is the recipient of two multiyear specialty metal processing services contracts, including one at a new operating location for Harsco, worth as much as $70 million over their duration. Both contracts are with specialty metals producer ATI Allegheny Ludlum.
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Stainless, Specialty Imports Still Down More than 50% through October
Jan. 18, 2010 - Total stainless imports reached 308,874 tons through October 2009, a 52.5% decrease compared to YTD October 2008 according to the latest report from SSINA. Total specialty imports reached 396,033 tons through the same period, a 52.5% decrease compared to YTD October 2008.
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AHSS Featured on North American Car and Truck of the Year
Jan. 15, 2010 - AISI's Steel Market Development Institute is celebrating the selection of the Ford Fusion hybrid and Ford Transit Connect as the 2010 North American Car and Truck of the Year, respectively. Both vehicles feature advanced high-strength steel technologies.
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PBGC Protects Pensions at Crucible
Jan. 14, 2010 - The Pension Benefit Guaranty Corp. has assumed responsibility for six underfunded pension plans covering nearly 3600 former workers and retirees of Crucible Materials Corp.
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Lakeside Increases Production; Recalls Temporarily Laid-off Employees
Jan. 14, 2010 - Lakeside Steel Inc. has increased production on its Stretch Reduction Mill by adding production shifts to meet stronger demand for its OCTG products. The company has also recalled all of its temporarily laid-off employees, returning to full employment for the first time since November 2008.
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Steel Dynamics Starts Production of Mesabi Nuggets
Jan. 14, 2010 - Steel Dynamics produces its first batch of iron nuggets at its Mesabi Nugget facility at Hoyt Lakes, Minn., marking the world's first commercial production of nuggets using the ITmk3 process developed by Kobe Steel Ltd.
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Tube City IMS Announces Executive Appointments
Jan. 13, 2010 - Tube City IMS announces the appointments of Hideto Hata as Director of Outsource Purchasing and Sales for Central and South America, and Jerry Strader as Vice President of Marketing.
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Nucor’s Rutkowski to Retire
Jan. 12, 2010 - Nucor Executive Vice President of Business Development Joseph A. Rutkowski will retire at the end of February after 21 years of service with the company. Effective March 1, 2010, R. Joseph Stratman will assume responsibility for business development activities while continuing his role as EVP of Beam and Plate Products.
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SSINA Data Shows Stainless Steel Imports, Consumption Down
Jan. 11, 2010 - Imports of total stainless steel in YTD September 2009 were 268,732 tons, a 54.9% decrease compared to the same period of 2008, according to data recently released by The Specialty Steel Industry of North America (SSINA). U.S. consumption was 991,809 tons, down 34.3%.
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Schnitzer Steel Reports Q1 Results
Jan. 8, 2010 - Schnitzer Steel Industries reports diluted earnings per share from continuing operations of $0.23 for its fiscal 2010 first quarter ended November 30, 2009. This compares with diluted loss per share from continuing operations of $1.16 during the first quarter of fiscal 2009.
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Plymouth Tube First to Attain Dual NADCAP Accreditation
Jan. 8, 2010 - Plymouth Tube Co.’s Salisbury Mill attains NADCAP accreditation for both heat treating and material testing laboratories. The mill is the first North American tubing manufacturer to earn the dual accreditation from NADCAP for seamless stainless aerospace tubing.
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Nucor CEO Recognized by Harvard Business Review
Jan. 8, 2010 - Harvard Business Review recognizes Chairman, CEO, and President Dan DiMicco and Nucor's management team in its ranking of "The Best-Performing CEOs in the World" in the January-February 2010 edition.
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Gerdau Ameristeel Sand Springs Mill to Remain Idled
Jan. 8, 2010 - Gerdau Ameristeel will continue the idling of its Sand Springs steel mill for the foreseeable future, despite a comprehensive proposal from the State of Oklahoma and City of Sand Springs aimed at maintaining steel production at the company's Sand Springs steel mill.
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Steel Import Permits Decline 9% in December
Jan. 7, 2010 - Steel import permit applications reached 1,326,000 net tons for the month of December, a 9% decrease from the 1,450,000 permit tons recorded in November 2009, according to the latest report from AISI.
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Worthington Reports Q2 Results
Jan. 7, 2010 - Worthington Industries, Inc. reports net sales of $448.0 million and net earnings of $23.2 million, or $0.29 per diluted share, for the fiscal 2010 second quarter ended November 30, 2009. The results show sequential improvement from the first quarter.
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Tube City IMS Fills New EVP Position
Jan. 6, 2010 - Tube City IMS, LLC has promoted William R. Miller to the newly created position of Executive Vice President - Operations for its Mill Services Group.
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Horsehead Closes on Acquisition of INMETCO
Jan. 6, 2010 - Horsehead Holding Corp. has closed its acquisition of INMETCO. Mark Tomaszewski, who was the Acting President of INMETCO, was appointed to serve as President going forward.
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Timken Finalizes Sale of Needle Roller Bearings Business
Jan. 5, 2010 - The Timken Co. has completed the sale of its Needle Roller Bearings business to Japan’s JTEKT Corp. The business manufactures highly engineered needle roller bearings for automotive and industrial applications.
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ALJ Announces Results for Fiscal Year 2009
Jan. 4, 2010 - ALJ Regional Holdings, Inc., the parent company of Kentucky Electric Steel, posted net income of $1.118 million for the fiscal fourth quarter, and net income of $53,161 for the fiscal year ended September 30, 2009.
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AISI, USW Support ITC Finding on Subsidized Steel Pipe from China
Dec. 31, 2009 - The American Iron and Steel Institute and the United Steelworkers both strongly support the U.S. International Trade Commission’s final injury determination in the countervailing duty portion of a case involving dumped and subsidized Chinese OCTG imports into the U.S. market.
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PBGC Protects Pensions at PTC Alliance
Dec. 31, 2009 - The Pension Benefit Guaranty Corp. is moving to assume responsibility for the under-funded pension plan covering about 750 employees and retirees of PTC Alliance Corp., a bankrupt maker of specialty steel tubing and bars.
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Esmark Acquires Excalibur Machine Assets
Dec. 31, 2009 - Esmark Industrial Group has completed the acquisition of assets of Meadville, Pa.-based Excalibur Machine Co., Inc. for $3.5 million in cash. David A. Luptak will become Chief Executive Officer and President of the newly formed Esmark Industrial Group with responsibility for Excalibur Machine.
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Commercial Metals Reports First Quarter Loss
Dec. 24, 2009 - Commercial Metals reports a net loss of $31.2 million ($0.28 per share) on net sales of $1.4 billion for the quarter ended November 30, 2009, compared with net earnings of $62.0 million ($0.54 per diluted share) on net sales of $2.4 billion for last year's first quarter.
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Evraz Inc. NA Secures Bank Financing
Dec. 23, 2009 - The closing of a US$225 million four-year committed revolving credit facility for Evraz Group S.A.'s U.S. wholly owned subsidiary, Evraz Inc. NA, will help the company finance its working capital requirements.
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S&P Launches S&P GSCI All Metals Index, Capped Sector Indices
Dec. 23, 2009 - Standard & Poor's launches the S&P GSCI All Metals Index (which combines the S&P GSCI Precious and Industrial Metals indices for a broader measure of the metals market), the S&P GSCI All Metals Capped Commodity Index, and the S&P GSCI Agriculture Capped Component Index.
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World Steel Production up 24% in November
Dec. 22, 2009 - World crude steel production for the 66 countries reporting to the World Steel Association stood at an estimated 107.48 million tonnes in November 2009 — 5.2% lower than the previous month (October 2009) but 24.2% higher than November 2008.
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Commerce Preliminarily Finds Dumping of PC Wire Strand from China
Dec. 21, 2009 - The Department of Commerce announced on December 18 its preliminary determination in the antidumping duty investigation on imports of prestressed concrete steel wire strand from P.R. China. Commerce preliminarily determined that Chinese producers/exporters have sold PC strand in the U.S. at 37.72 to193.55% less than normal value.
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Future Steel Vehicle Methodology Wins SAE Innovation Competition
Dec. 21, 2009 - The Accelerated Concept to Product process, marketed by Engineering Technology Associates, Inc., has won the 2nd Annual SAE International Detroit Section/Massachusetts Institute of Technology Enterprise Forum Vehicle Innovation Competition.
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Nucor Updates Fourth Quarter Guidance
Dec. 17, 2009 - Nucor updates its guidance for the fourth quarter ending December 31, saying that it now expects results to be breakeven to slightly positive.
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Fitch Sees Modest Recovery for Global Steel Demand
Dec. 16, 2009 - Fitch Ratings expects to see demand for steel to recover from low levels at a modest pace over the next 12-18 months but not to reach peak levels in the medium term, according to its recently issued Worldwide Steel Outlook.
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Cliffs Added to S&P 500 Index
Dec. 15, 2009 - Standard & Poor’s will add Cliffs Natural Resources Inc.’s shares to the S&P 500 Index effective December 18 after the market closes. Cliffs also will be added to the S&P 500 GICS Steel Sub-Industry index.
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AMMA Expresses Concern over EPA Analysis of Climate Legislation
Dec. 15, 2009 - The American Materials Manufacturing Alliance has issued a letter to Senators Bayh (D-IN), Specter (D-PA), Brown (D-OH), McCaskill (D-MO), and Stabenow (D-MI) regarding the U.S. EPA’s analysis of the impact that H.R. 2454 will have on energy-intensive, trade-exposed industries.
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Severstal Launches Campaign for Unified Approach to Marketplace
Dec. 14, 2009 - Severstal North America has launched a new initiative, ONE Severstal, designed to promote a unified approach by all of its U.S. facilities to the marketplace. The campaign reflects the company’s recently completed North American commercial reorientation.
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Steel Industry a Leader in Energy Efficiency
Dec. 14, 2009 - The U.S. steel industry has reduced its energy intensity per ton of steel shipped by about 31% from 1990 to 2008, reports the American Iron and Steel Institute. This figure is down slightly from 33% in 2007 due to a large drop off in production starting in 4Q 2008.
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TMK Ipsco Achieves ERCB Directive 010 Compliance
Dec. 10, 2009 - TMK Ipsco is now able to offer ERCB Directive 010, Appendix B compliant casing in Grades H40, J55, and L80 produced as "new" production supplied from either its welded and seamless mills in the U.S. or from TMK's seamless mills in Russia.
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Nucor Board Increases Cash Dividend
Dec. 10, 2009 - Nucor’s board of directors increases the regular quarterly cash dividend on the company's common stock by 2.9% to $0.36 per share.
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YTD Stainless, Specialty Imports Down More than 50% through August
Dec. 7, 2009 - Total stainless imports reached 234,989tons through August 2009, a 56.8% decrease compared to YTD August 2008 according to the latest report from the SSINA. Total specialty imports reached 308,239 tons through the same period, a 55.4% decrease compared to YTD August 2008.
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Cliffs Amends Definitive Agreement to Acquire Freewest
Dec. 7, 2009 - Cliffs Natural Resources has amended the terms of the previously disclosed definitive agreement to acquire Freewest Resources Canada Inc. Under the terms of the amended agreement, each Freewest shareholder will now receive CAD$0.90 per share of fixed consideration exclusively in the form of Cliffs common stock.
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Lakeside Plans to Increase Production; Obtains API Certification
Dec. 3, 2009 - Lakeside Steel Inc. plans to increase production on its ERW 2 to 8-in Mill in January of 2010. The company also receives American Petroleum Institute approval to apply the API monogram and license number to its upset, threaded, and coupled oil well tubing products.
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USW Continues to Push for Trade Law Enforcement
Dec. 3, 2009 - The United Steelworkers calls for a final countervailing duty and a preliminary antidumping duty to be placed on dumped and subsidized Chinese pipe imports, in testimony before the six-member U.S. International Trade Commission.
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Horsehead to Acquire INMETCO
Dec. 3, 2009 - Horsehead Holding Corp. plans to acquire The International Metals Reclamation Co. (INMETCO). The acquisition is expected to close on December 31.
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November Steel Import Permits Down 11%
Dec. 3, 2009 - Steel import permit applications reached 1,386,000 net tons for the month of November, an 11% decrease from the 1,561,000 permit tons recorded in October 2009, according to the latest report from AISI.
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Cliffs to Acquire Chromite Deposits from Freewest
Nov. 27, 2009 - Cliffs Natural Resources Inc. has entered into a definitive agreement to acquire the “Ring of Fire” chromite properties of Freewest Resources Canada Inc. The transaction is expected to close in the first quarter of 2010.
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U.S. Commerce Department Finds Subsidization of OCTG from China
Nov. 25, 2009 - The Department of Commerce announced on November 24 its final determination in the countervailing duty investigation on imports of oil country tubular goods from P.R. China. It found that Chinese producers/exporters of OCTG have received net countervailable subsidies ranging from 10.36 to 15.78%.
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AK Tube Plant Recertified in VPP Safety Program
Nov. 25, 2009 - The Columbus, Ind., plant of AK Tube has been recertified as a Star site in the Indiana Department of Labor's Voluntary Protection Program (VPP). The Star designation signifies that the plant's safety programs surpass OSHA requirements.
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AHSS Featured on Car of the Year
Nov. 20, 2009 - The North American steel industry and AISI’s Steel Market Development Institute are celebrating the selection of the 2010 Ford Fusion and Fusion Hybrid as Motor Trend Car of the Year. The cars employ a number of advanced high-strength steel technologies.
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Severstal NA to Restart Yorkville Cold Mill
Nov. 20, 2009 - OAO Severstal announces the resumption of operations for Severstal Wheeling’s Yorkville, Ohio, cold rolling mill in response to increasing demand for cold rolled and coated products.
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U.S. Steel, Aluminum Shipments and Inventories Rise
Nov. 18, 2009 - Shipments of steel and aluminum products from U.S. metals service centers increased in October compared to September levels, and inventories for both metals rose slightly, according to the latest Metals Activity Report from the Metals Service Center Institute.
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Konecranes Closes Alabama Factory
Nov. 17, 2009 - Konecranes will close its crane production and assembly facility in Birmingham, Ala., by December 31. The factory closure affects 18 employees.
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AISI Salutes Soldiers in Recognition of Veterans Day
Nov. 13, 2009 - The American Iron and Steel Institute salutes U.S. veterans for their noble service in preserving America’s national security, stressing that the U.S. steel industry is proud to serve the military in their efforts to defend our nation.
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API Steel Pipe Factory Completed in Pittsburg
Nov. 13, 2009 - Posco has completed construction of an annual 270,000-tonne scale API steel pipe factory in Pittsburg, Calif. United Spiral Pipe, established jointly with U.S. Steel and Seah Steel, will manufacture and sell API-certified steel pipes designed for energy transportation.
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YTD Stainless, Specialty Imports Still Down Through July
Nov. 13, 2009 - Total stainless imports reached 206,931 tons through July 2009, a 57.1% decrease compared to YTD July 2008 according to the latest report from SSINA. Total specialty imports reached 275,032 tons through the same period, a 55.2% decrease compared to YTD July 2008.
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Timken Board Elects New Director
Nov. 12, 2009 - The Timken board of directors has elected John M. Ballbach as a director of the company, for a term that expires at the company’s annual meeting in 2011.
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Siemens Modernizes Automation in AHMSA Hot Rolling Mill
Nov. 12, 2009 - Altos Hornos de Mexico has awarded Siemens a contract to modernize its existing basic and process automation systems in its Monclova Hot Strip Mill. Siemens will supply and install automation technology based on the Siroll HM platform.
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ArcelorMittal Indiana Harbor Granted DOE Funding
Nov. 12, 2009 - The U.S. Department of Energy is awarding ArcelorMittal Indiana Harbor funding for its No. 7 Blast Furnace Gas Flare Capture project, which includes the installation of an efficient recovery boiler that uses waste blast furnace gas to produce electricity and steam onsite.
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Commercial Metals to Realign Organization
Nov. 11, 2009 - Commercial Metals Co. has announced a realignment in its segment reporting structure within its major operational units, the CMC Americas Division and the CMC International Division, effective December 1.
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ITC to Uphold Duties, Finding on PC Wire Strand from Six Countries
Nov. 11, 2009 - The U.S. ITC will uphold the existing countervailing duty order on prestressed concrete steel wire strand from India, and antidumping duty orders on this product from Brazil, India, Korea, Mexico, and Thailand, as well as an existing antidumping duty finding on this product from Japan.
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Gerdau Ameristeel Reports Net Loss in 3Q
Nov. 9, 2009 - Gerdau Ameristeel reports a net loss of $25.4 million for the three months ended September 30, compared to net income of $316.9 million for the same period in 2008.For the nine-month period, the company incurred a net loss of $115.6 million compared to net income of $742.0 million a year ago.
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AK Steel Honored for Technical Research Paper
Nov. 5, 2009 - AK Steel has received the 42nd Outstanding Author Award from the Galvanizers Association for a technical paper entitled “Furnace Atmosphere Monitoring at AK Steel Coating Lines.”
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Steel Import Permits Rise 16% in October
Nov. 5, 2009 - Steel import permit applications reached 1,491000 net tons for the month of October, a 16% increase from the 1,283,000 permit tons recorded in September 2009 according to the latest report from AISI.
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United Spiral Pipe Dedicates New Facility
Nov. 4, 2009 - United Spiral Pipe, a joint venture of U.S. Steel, Posco, and SeAH Steel, recently dedicated its new spiral welded pipe manufacturing facility in Pittsburg, Calif., that will produce 300,000 net tons of line pipe per year at its peak.
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AISI Thanks EPA, Congress for Regulations Compromise
Nov. 3, 2009 - The American Iron and Steel Institute thanks the U.S. Environmental Protection Agency and Congress for working with the Lake Carriers Association and its member companies on compromise regulations for large vessels sailing on the Great Lakes.
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U.S. Steel Announces Executive Changes
Nov. 3, 2009 - United States Steel recently announced several executive-level leadership changes. Vice President-Supply Chain & Customer Service John C. Price will retire effective November 30; Anton Lukac will assume his position. Anthony R. Bridge will succeed Lukac.
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ITC Votes to Continue Cases on Seamless Pipe from China
Nov. 2, 2009 - The U.S. International Trade Commission determines there is reasonable indication that a U.S. industry is threatened with material injury by reason of imports of certain seamless carbon and alloy steel standard, line, and pressure pipe from China that are allegedly subsidized and sold in the U.S. at less than fair value.
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Olympic Steel Reports 3rd Quarter Results
Oct. 30, 2009 - Olympic Steel announces net income of $671,000 on net sales of $121.6 million for the third quarter and a net loss of $58.6 million on net sales of $384.9 million for the nine months ended September 30, 2009.
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Timken Reports Third-Quarter Results
Oct. 30, 2009 - Timken reports a net loss of $50.1 million on sales of $763.6 million for the third quarter, and a net loss of $113.8 million on sales of $2.37 billion for the first nine months of 2009.
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AISI Supports Trade Enforcement Priorities Act of 2009
Oct. 29, 2009 - The American Iron and Steel Institute is in favor of the Section 301 bill, known as the Trade Enforcement Priorities Act of 2009, which works to identify priority trade barriers and to make sure that foreign governments are living up to their trade agreement commitments.
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Schnitzer Steel Reports 4th Quarter Net Income
Oct. 29, 2009 - Schnitzer Steel reports net income of $10 million on revenues of $556 million for the fiscal fourth quarter, and a net loss of $32 million on revenues of $1.9 billion for the fiscal year ended August 31, 2009.
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California Steel Reports Profitable 3rd Quarter
Oct. 29, 2009 - California Steel reports net income of $7.4 million on net sales of $147 million for the third quarter and a net loss of $10.8 million on net sales of $398.2 million for the nine months ended September 30, 2009.
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United States Steel Reports 3rd Quarter Results
Oct. 28, 2009 - United States Steel Corp. reported a net loss of $303 million on net sales of $2.82 billion for the third quarter and a net loss of $1.13 billion on net sales of $7.69 billion for the first nine months of 2009.
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AK Steel Reports Net Income for 3rd Quarter
Oct. 28, 2009 - AK Steel reported net income of $6.2 million on net sales of $1,041.1 million for the third quarter and a net loss of $114.4 million on sales of $2,756.9 million for the first nine months of 2009.
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Preliminary Steel Imports Increase 23% in September
Oct. 28, 2009 - The U.S. imported a total of 1,204,000 net tons of steel in September 2009, an increase of 23% compared to August final data, according to the latest report from the American Iron and Steel Institute.
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OSHA Levies $82,500 Fine on Republic Engineered Products
Oct. 23, 2009 - The U.S. Department of Labor's Occupational Safety and Health Administration cites steel mill Republic Engineered Products in Lorain, Ohio, with one alleged willful and one alleged repeat citation of federal workplace safety and health standards.
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Nucor Reports 3rd Quarter Results
Oct. 23, 2009 - Nucor reports a consolidated net loss of $29.5 million on consolidated net sales of $3.12 billion for the third quarter and a consolidated net loss of $352.5 million on consolidated net sales of $8.25 billion for the first nine months of 2009.
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Allegheny Technologies Announces 3ird Quarter Results
Oct. 22, 2009 - Allegheny Technologies reports net income of $1.4 million on sales of $697.6 million for the third quarter, and a net loss of $6.1 million on sales of $2.24 billion for the nine months ended September 30, 2009.
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Nucor CFO to Retire at Year-End
Oct. 21, 2009 - Nucor Chief Financial Officer Terry S. Lisenby announces plans to retire at the end of this year, after 24 years of service with Nucor.
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Metals USA Reports 3rd Quarter 2009 Results
Oct. 20, 2009 - Metals USA Holdings reports a net loss of $1.8 million on sales revenues of $255.4 million for the third quarter and net income of $7.9 million on sales revenues of $853.4 million for the nine months ended September 30, 2009.
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AISI Disappointed by Stance on China as Currency Manipulator
Oct. 20, 2009 - American Iron and Steel Institute President and CEO Thomas J. Gibson issues a statement reacting to the Obama Administration’s recent decision not to name China a currency manipulator in the Treasury Department’s semiannual report.
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Steel Shipments, Inventories Increase at U.S., Canadian Metal Centers
Oct. 20, 2009 - Shipments of steel and aluminum from metals service centers in the U.S. and Canada rose slightly in September, as did steel inventories, according to the latest Metals Activity Report from the Metals Service Center Institute. Inventories of aluminum, however, continued to decline in both countries.
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Tube City IMS Receives 31 NSA Safety Awards
Oct. 16, 2009 - Tube City IMS sites receive 31 Safety Awards from the National Slag Association for 2008. The awards recognize superior performance as measured against OSHA recordable injury rates.
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Nucor Steel Improves Worker Hearing Protection
Oct. 15, 2009 - Nucor Steel is using new state-of-the-art VeriPRO earplug fit testing technology from Howard Leight to evaluate whether each individual employee is receiving optimal on-the-job hearing protection.
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ITC Makes Determination in “Sunset” Reviews of Carbon Steel Plate
Oct. 14, 2009 - The U.S. ITC determines that revoking the existing antidumping duty order on cut-to-length carbon steel plate from China and terminating the suspended investigations on this product from Russia and Ukraine would likely lead to continuation or recurrence of material injury within a reasonably foreseeable time.
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Carpenter Technology Announces New Leadership
Oct. 13, 2009 - The company formally splits the roles of Chairman and Chief Executive Officer into two positions. The Board of Directors appoints Gregory A. Pratt to serve as chair of the Board and interim CEO and President.
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AISI Comments on EPA’s GHG Emissions Ruling
Oct. 9, 2009 - The American Iron and Steel Institute issues a comment about the U.S. Environmental Protection Agency’s final rule requiring mandatory greenhouse gas emissions monitoring under the Clean Air Act announced last week.
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Tube City IMS Announces Executive Promotions
Oct. 7, 2009 - Tube City IMS announces the promotion of Electa Boyle to Vice President of Financial Operations and Corporate Controller, and Kirk Peters to Vice President, Treasurer and Principal Accounting Officer.
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ALJ Releases 2009 Annual Revenue Results
Oct. 7, 2009 - ALJ Regional Holdings, the parent company of Kentucky Electric Steel, reported revenue of $24.5 million for the fourth quarter, and revenue of $110.2 million for the fiscal year ended September 30, 2009.
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Carpenter Launches New Alloys for Knife Blades
Oct. 7, 2009 - Carpenter Technology is introducing Carpenter CTS-BD1, a new alloy that is part of its CTS alloys suite. These alloys are suitable for use in consumer, industrial, and medical knife blade applications.
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OSHA Cites Quinco Steel for Violations
Oct. 6, 2009 - The U.S. Department of Labor's Occupational Safety and Health Administration cites Quinco Steel with proposed penalties totaling $111,100, for alleged willful, serious, and repeat violations of federal workplace safety and health standards.
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PTC Alliance Files for Chapter 11 Protection
Oct. 2, 2009 - PTC Alliance has filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code. The filing includes the parent company and its U.S. subsidiaries; none of its non-U.S. subsidiaries are included as debtors.
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AISI Disappointed by Boxer-Kerry Climate Bill
Oct. 1, 2009 - The American Iron and Steel Institute expresses its disappointment in the Boxer-Kerry climate bill, which aims to reduce emissions by 20% by 2020--beyond the House bill's target passed in June.
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Worthington Reports 1st Quarter Results
Sep. 30, 2009 - Worthington Industries reports net earnings of $6.7 million on net sales of $417.5 million for its fiscal 2010 first quarter ended August 31, 2009.
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Stainless, Specialty Imports Still Down More than 50% through June
Sep. 29, 2009 - Total stainless imports reached 175,783 tons through June 2009, a 57.1% decrease compared to YTD June 2008 according to the latest report from SSINA. Total specialty imports reached 238,274 tons through the same period, a 54.2% decrease compared to YTD June 2008.
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Northwest Pipe to Revitalize Idle Bossier Facility
Sep. 28, 2009 - Governor Bobby Jindal and other leaders announce the revitalization of Northwest Pipe's facility in Bossier City, La., that has been idle for three years. The company’s tubular products group is refitting the plant to manufacture OCTG and pipe for the oil and gas industry.
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Lakeside Steel Celebrates Centennial in Welland
Sep. 22, 2009 - Lakeside Steel celebrates 100 years of operations at its facility in Welland, Ont., by hosting a day-long event that included a ribbon-cutting ceremony for a new upset and thread line.
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ArcelorMittal Offers Funding for Great Lakes Projects
Sep. 21, 2009 - Sustain Our Great Lakes is coordinated by the National Fish and Wildlife Foundation and currently funded by ArcelorMittal, the U.S. EPA, U.S. Fish and Wildlife Service, and U.S. Forest Service. Grant money available in 2010 could total more than $8 million (US).
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Destocking Continues at U.S., Canadian Metal Centers
Sep. 18, 2009 - Shipments of steel and aluminum from U.S. and Canadian metals service centers rose slightly in August from weak July levels, but de-stocking continued, according to the latest Metals Activity Report from the Metals Service Center Institute.
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Northwest Pipe to Supply Pipe for CUPCA Project
Sep. 16, 2009 - Northwest Pipe will supply approximately 25,000 linear feet of 60-inch steel water pipe and fittings for the Spanish Fork Pipeline - Springville Reach project, owned by the Central Utah Water Conservancy District.
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Nucor Updates Third Quarter Guidance
Sep. 16, 2009 - Nucor updates its guidance for the third quarter, saying that it now expects results in the range of a loss of $0.15 to $0.20 per diluted share.
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AISI Congratulates Bloom on Administration Post
Sep. 15, 2009 - In a statement, AISI President and CEO Thomas J. Gibson congratulates Ron Bloom on behalf of AISI for being named by President Obama as the Administration’s Senior Counselor for Manufacturing Policy.
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Stainless, Specialty Imports Down 64% through May
Sep. 15, 2009 - Total stainless imports reached 147,354 tons through May 2009, a 63.6% decrease compared to YTD May 2008 according to the latest report from SSINA. Total specialty imports reached 205,558 tons through the same period, a 53.0% decrease compared to YTD May 2008.
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Nucor CEO Praises Trade Decision
Sep. 15, 2009 - Nucor Chairman, President and CEO Dan DiMicco praises President Obama and United States Trade Representative Ron Kirk for their decision to apply duties on imports of illegally subsidized Chinese tires.
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U.S. ITC to Continue Cases on Magnesia Carbon Bricks from China, Mexico
Sep. 15, 2009 - The United States ITC finds reasonable indication of real or threatened injury due to magnesia carbon bricks imported from China that are allegedly subsidized, and magnesia carbon bricks from China and Mexico that are allegedly sold in the U.S. at less than fair value.
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Lenders Amend Essar Algoma Term Loan Credit Facility
Sep. 11, 2009 - Lenders holding a majority of Essar Steel Algoma’s $315.7 million senior secured term loan credit facility approve a permanent amendment that will enable continued compliance and providing increased operating flexibility in the future.
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Latrobe Specialty Steel Reintroduces LS-A286 to Expanded Markets
Sep. 10, 2009 - In addition to applications in the energy and aerospace fastener markets, Latrobe Specialty Steel anticipates expanding interest from the gas turbine and supercharger supply chains. It also foresees LS-A286 in high-strength nonmagnetic and cryogenic applications.
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New Coke and Energy Supply Agreement for AK Steel
Sep. 4, 2009 - SunCoke Energy will provide AK Steel with metallurgical-grade coke from its Haverhill facility in southern Ohio. AK Steel also secures a financial interest in the electricity co-generated from the heat recovery coke battery.
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Timken Collaborates with Daido to Expand in Asia
Sep. 3, 2009 - The Timken Co. is now able to more readily offer its high-performance, premium engineered steel solutions to customers in Asia thanks to an initial five-year agreement with Daido Steel Co. Ltd.
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Samuel Manu-Tech Acquires Piling Products
Sep. 1, 2009 - Samuel Manu-Tech has acquired the principal assets and all of the business operations of the Florida-based distributor of hot rolled and cold formed steel sheet piling.
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Gerdau Ameristeel Reaches Idling Agreement with USW
Aug. 31, 2009 - Gerdau Ameristeel has reached agreement with the United Steel Workers regarding the suspension of production at its Sand Springs, Okla., steel mill. Production will wind down over the next several weeks.
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L.B. Foster Awarded Piling Contract for Ohio River Wall
Aug. 28, 2009 - L.B. Foster Co. has been awarded a $1.9 million contract by the City of Ashland, Ky., to supply Gerdau Ameristeel flat sheet piling and PilePro connectors for construction of an Open Cell structure at Veteran's Riverfront Park.
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Canada Invests in Skills Development, Steel Study
Aug. 27, 2009 - The Government of Canada and the Canadian Steel Trade and Employment Congress partner to help 46 post-secondary school graduates gain job experience. Additional federal support will be used to update a study of the steel sector so current information is available.
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Canadian Tribunal Initiates Inquiry into Chinese OCTG
Aug. 26, 2009 - The Canadian International Trade Tribunal initiated a preliminary injury inquiry into a complaint by three domestic producers that they have suffered injury as a result of the dumping and subsidizing of oil country tubular goods from China.
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July World Steel Production Highest of the Year
Aug. 21, 2009 - World crude steel production for the 66 countries reporting to the World Steel Association was 103.9 million tonnes in July — down 11.1% compared to the same month last year but still the highest monthly production figure posted in 2009.
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Worthington Subsidiary Announces New Drywall Framing System
Aug. 18, 2009 - Dietrich Metal Framing and ClarkWestern Building Systems announce their new ProSTUD Drywall Framing System, a new generation of drywall framing technology co-developed to meet the needs of today’s steel framing applications.
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Domestic Metal Centers Continue to Destock
Aug. 18, 2009 - Inventories of steel and aluminum products at North American metals service centers continued to decline in July, with ongoing destocking underscored by year-on-year shipment declines, according to the latest Metals Activity Report from the Metals Service Center Institute.
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L.B. Foster Awarded Rail Contract
Aug. 17, 2009 - L.B. Foster Co. has been awarded a $7.6 million contract for 115# rail for installation on the 21-mile A-Train transit project linking Denton and Carrollton, Texas.
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Tube City IMS Names New President and CEO
Aug. 17, 2009 - Tube City IMS announces the appointment of Joseph Curtin as President and CEO of Tube City IMS Corp. and its operating subsidiary Tube City IMS, LLC.
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ALJ Announces 3rd Quarter Earnings
Aug. 17, 2009 - ALJ, the parent company of Kentucky Electric, reports a net loss of $934,192 on net sales of $19.381 million for the third quarter, and a net loss of $1.065 million on net sales of $85.779 million for the nine months ended June 30, 2009.
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Steel Industry Executives Achieve LEED AP Accreditation
Aug. 12, 2009 - AISI reports that Helen Chen, Manager of Construction Standards Development, and Jonathan Humble, Regional Director-Construction Codes and Standards, achieved LEED AP accreditation in the specialty of Building Design + Construction.
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California Steel Reports 2nd Quarter 2009 Results
Aug. 12, 2009 - California Steel Industries reports a net loss of $2.8 million on sales of $104.2 million for the second quarter, and a net loss of $18.2 million on net sales of $251.3 million for the six months ended June 30, 2009.
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U. S. Steel Worldwide Marketing VP to Retire
Aug. 10, 2009 - United States Steel announces the retirement of Vice President-Worldwide Marketing Richard M. Efkeman effective Aug. 31, 2009, after 38 years of service with the company.
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Gerdau Ameristeel Reports 2009 2nd Quarter Results
Aug. 10, 2009 - Gerdau Ameristeel reports a net loss of $57.6 million on net sales of $1.0 billion for the second quarter, and a net loss of $90.3 million on net sales of $2.1 billion for the six months ended June 30, 2009.
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AISI Thanks Senators for Support of Border Measure in Climate Bill
Aug. 7, 2009 - The American Iron and Steel Institute issues statement expressing strong support and appreciation to Senator Sherrod Brown (D-OH) and nine of his Senate colleagues for issuing a letter to President Obama expressing their strong support for the inclusion of a border adjustment measure in any climate bill that is crafted by Congress.
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Russel Metals Reports 2009 2nd Quarter Loss
Aug. 6, 2009 - Russel Metals reports a net loss of $24.6 million on revenues of $462.5 million for the second quarter, and a net loss of $79.6 million on revenues of 1.105 billion for the first six months of 2009.
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Schnitzer Steel Gains Momentum in Clunkers Recycling Program
Aug. 5, 2009 - Schnitzer Steel Industries reports that its Clunkers Recycling Dealer Program has gained positive response from new car dealerships receiving trade-ins through the federal government’s recently implemented Car Allowance Rebate System.
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AK Steel to Increase Stainless Steel Prices
Aug. 5, 2009 - AK Steel will increase base prices for all 200-, 300- and 400-series flat rolled stainless steel products by 6 to 9%, depending on the grade and product form.
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AISI Honored for Promotion of Energy-Efficient Economies
Aug. 3, 2009 - The American Council for an Energy-Efficient Economy awards AISI with its Champion of Industrial Energy Efficiency Award for Achievement in Promoting Energy-Efficient Economies in the category covering Industrial Leadership.
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Carpenter Technology Reports 4th Quarter, Full Year Results
Jul. 31, 2009 - Carpenter Technology reports a $20.8 million loss from continuing operations on net sales of $256.9 million for the fiscal fourth quarter and $47.9 million net income on net sales of $1.362 billion for the full fiscal year ended June 30, 2009.
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Olympic Steel Reports 2nd Quarter 2009 Results
Jul. 31, 2009 - Olympic Steel reports a net loss of $33.8 million on net sales of $122.4 million for the second quarter and a net loss of $59.3 million on net sales of $263.3 million for the six months ended June 30, 2009.
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Timken Reports 2nd Quarter Results
Jul. 31, 2009 - Timken reports a loss of $64.5 million on sales of $828.9 million for the second quarter, and a net loss of $63.6 million on sales of $1.79 billion for the first six months of 2009.
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Universal Stainless Reports 2nd Quarter 2009 Results
Jul. 30, 2009 - Universal Stainless & Alloy Products reports a net loss of $400,000 on sales of $30.8 million for the second quarter, and a net loss of $4.2 million on sales of $72.9 million for the first six months of 2009.
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Steel Imports Down 18% in June
Jul. 30, 2009 - The U.S. imported a total of 849,000 net tons of steel in June 2009, an 18% decrease vs. May final data, according to the latest report from AISI.
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U.S. Steel Reports Second Quarter Results
Jul. 29, 2009 - United States Steel reports a net loss of $392 million on net sales of $2.1 billion for the second quarter, and a net loss of $831 million on net sales of $4.88 billion for the first six months of 2009.
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Nucor Reports 2nd Quarter, First Half Results
Jul. 24, 2009 - Nucor reports a consolidated net loss of $133.3 million on consolidated net sales of $2.48 billion for the second quarter, and a consolidated net loss of $323.0 million on consolidated net sales of $5.13 billion for the first six months of 2009.
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Allegheny Technologies Reports 2nd Quarter Results
Jul. 23, 2009 - Allegheny Technologies reports a net loss of $13.4 million (including special charges) on sales of $710.0 million for the second quarter and a net loss of $7.5 million (including special charges) on sales of $1.54 billion for the first six months of 2009.
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Steel Dynamics Reports 2nd Quarter 2009 Results
Jul. 23, 2009 - Steel Dynamics reports a net loss of $16 million on net sales of $792 million for the second quarter, and a net loss of $104 million on net sales of $1.61 billion for the first six months of 2009.
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AK Steel to Make Pension Trust Fund Contribution
Jul. 22, 2009 - AK Steel’s board of directors has authorized the company to make a $110-million contribution to its pension trust fund, double the company's $55 million required funding for the balance of 2009.
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AK Steel Reports 2nd Quarter Results
Jul. 22, 2009 - AK Steel reports a net loss of $47.2 million on net sales of $793.6 million for the second quarter, and a net loss of $120.6 million on sales of $1,715.8 million for the first six months of 2009.
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Stainless, Specialty Imports Still Down 56% through April
Jul. 21, 2009 - Total stainless imports reached 120,228 tons through April, a 55.8% decrease compared to YTD April 2008 according to the latest report from SSINA. Total specialty imports reached 169,903 tons through the same period, a 51.6% decrease compared to YTD April 2008.
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YTD09 World Steel Production Still Down 21% through June
Jul. 21, 2009 - World crude steel production for the 66 countries reporting to the World Steel Association stood at an estimated 99.8 million tonnes in June 2009 — 4.1% above the previous month but still 16% lower than the same month of 2008.
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Mesabi Trust Declares No Distribution
Jul. 20, 2009 - Trustees of the Mesabi Trust have decided to not distribute any royalty income for the quarter ended July 31, 2009, due in part to a significant decrease in iron ore shipments combined with the extended shutdown of mining operations at Northshore Mining Co.
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Metal Center Shipments Continue to Decline in June
Jul. 20, 2009 - Metals service center shipments from the U.S. and Canada continued to decline in June, but generally at a slower rate than in previous months, according to the most recent Metals Activity Report from MSCI.
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Worthington Reports 4th Quarter, Full-Year Results
Jul. 16, 2009 - Worthington Industries reports a net loss of $13.7 million on net sales of $471.6 million for the quarter and a net loss of $108.2 million on net sales of $2.6 billion for the year ended May 31, 2009.
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ITC to Continue Cases on PC Strand from China
Jul. 13, 2009 - The U.S. ITC finds reasonable indication of threatened material injury due to imports of prestressed concrete steel wire strand from China that are allegedly subsidized and sold in the United States at less than fair value, paving the way for the U.S. Department of Commerce to continue its countervailing duty and antidumping investigations on these products.
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ALJ Releases 2nd Quarter Revenue Performance
Jul. 10, 2009 - ALJ Regional Holdings, the parent company of Kentucky Electric Steel, reported revenues of $19.4 million for the quarter and revenues of $85.9 million for the nine months ended June 30, 2009.
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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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Steel Imports Decline 21% in April 2009
May 29, 2009 - The U.S. imported a total of 1,214,000 net tons of steel in April 2009, a 21% decrease vs. March final data, according to the latest report from AISI.
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PC Strand Producers File Trade Cases Against China
May 28, 2009 - Three domestic producers of prestressed concrete steel wire strand file antidumping and countervailing duty petitions charging that dumped and subsidized imports of PC strand from P.R. China cause material injury to the domestic industry.
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AK Tube's Walbridge Plant Receives Safety Award
May 27, 2009 - The Ohio Bureau of Workers' Compensation, division of Safety and Hygiene presents AK Tube’s Walbridge, Ohio, plant with a Special Award for working 803,114 hours (from November 14, 2006, to December 31, 2008) without a lost-time injury.
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USW Applauds Trade Commission Vote on OCTG Imports from China
May 26, 2009 - The United Steelworkers calls the decision to proceed with the trade case investigation of OCTG imports from China ‘an urgent step for the thousands of laid-off workers at idled pipe production facilities of seven domestic companies’.
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ITC to Continue Cases on Oil Country Tubular Goods from China
May 26, 2009 - The U.S. ITC finds reasonable indication of threatened material injury due to imports of oil country tubular goods from China that are allegedly subsidized and sold in the U.S. at less than fair value, paving the way for the U.S. Department of Commerce to continue its countervailing duty and antidumping investigations on these products.
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World Steel Production Dips Again in April 2009
May 21, 2009 - World crude steel production for the 66 countries reporting to the World Steel Association stood at an estimated 89.5 million tonnes in April 2009 — 23.6% lower than for the same month of 2008, and 2.9% below the previous month.
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Steel Shipments Down 54.8% in March
May 20, 2009 - U.S. steel mills shipped 4,138,000 net tons of steel for the month of March 2009, a 54.8% decrease from March 2008 and a 4.2% decrease from February 2009, according to the latest report from AISI.
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ALJ Announces 2nd Quarter Earnings
May 18, 2009 - ALJ, the parent company of Kentucky Electric Steel, reports a net loss of $130,684 on net sales of $66.4 million for the six months ended March 31, 2009.
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U. S. Steel Announces Global Raw Materials Appointments
May 14, 2009 - United States Steel announces two management changes in its global raw materials organization, including the appointment of Steven A. McFatridge as General Manager—Raw Materials for U. S. Steel's European operations and William J. McFadden as General Manager—Raw Materials for U. S. Steel's North American operations.
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Cliffs Launches New Initiatives to Enhance Financial Flexibility
May 13, 2009 - Cliffs Natural Resources announces several proactive initiatives designed to enhance financial flexibility, including a public offering of common shares, a reduction in the quarterly dividend, and compensation reductions across the organization.
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Severstal to Idle Operations at Wheeling, Warren
May 8, 2009 - Severstal International announces plans to indefinitely idle the steelmaking and hot rolling operations at Severstal Wheeling, and to indefinitely idle all production and finishing operations at its Severstal Warren facility.
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Steel Imports Drop 22% in April
May 7, 2009 - Steel import applications totaled 1,170,000 net tons for the month of April 2009, a 22% decrease from March 2009 permit tons and the March preliminary imports total, according to the latest report from AISI.
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AK Steel Updates Second Quarter 2009 Outlook
May 6, 2009 - AK Steel adjusts its outlook for the second quarter to operating loss of $75 to $80 million based on recent plant closure announcements by Chrysler and General Motors.
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Steel Imports Slip 5% in March
Apr. 29, 2009 - The U.S. imported a total of 1,505,000 net tons of steel in March 2009, a 5% decrease vs. February final data, according to the latest report from AISI.
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TMK IPSCO Kentucky Plant Ratifies New Labor Agreement
Apr. 27, 2009 - TMK IPSCO was notified yesterday by the United Steelworkers and its Local 1870 that union members at the Company's Wilder, Kentucky plant have ratified the tentative labor agreement reached last week.
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Commerce to Issue Duties on Welded Steel Line Pipe from China
Apr. 27, 2009 - The U.S. Department of Commerce will issue an antidumping duty order on imports of circular welded carbon quality steel line pipe from China, following the ITC’s finding of material injury due to imports of these products from China.
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EPA Cites Wayne Metals for Clean-Air Violations
Apr. 22, 2009 - U.S. EPA Region 5 files an administrative complaint against Wayne Metals LLC for alleged Clean Air Act violations including the emission of excessive amounts of hazardous air pollutants from its metal coating facility in Markle, Ind.
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CSX Honors Tube City IMS for Green Shipping Practices
Apr. 22, 2009 - CSX Transportation awards Tube City IMS one of its first-ever Environmental Awards as part of its recognition of freight railroad customers whose shipping practices help to significantly reduce carbon emissions.
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Universal Stainless Increases Base Price
Apr. 21, 2009 - Universal Stainless & Alloy Products will increase base prices by $0.05 per pound on all air-melted stainless bar products manufactured at its Dunkirk facility.
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AK Steel to Increase Stainless Steel Prices
Apr. 21, 2009 - AK Steel will increase base prices for all 200, 300 and 400 series flat rolled stainless steel products by 6% to 9%, effective with shipments on May 3, 2009.
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Metals Shipment Declines Ease Slightly in U.S., Canada
Apr. 20, 2009 - Although metals service centers shipments in the U.S. and Canada continued their decline in March, the rate of decline was not as great as during the first two months of the year, according to the latest Metals Activity Report from the Metals Service Center Institute.
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Insteel Industries Reports 2nd Quarter Results
Apr. 17, 2009 - Insteel Industries reports a net loss of $16.4 million on net sales of $50.4 million for the second quarter, and a net loss of $22.0 million on net sales of $112.2 million for the six months ended March 28, 2009.
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Mesabi Trust Declares Distribution
Apr. 17, 2009 - Trustees of the Mesabi Trust declare a distribution of thirty-eight cents per Unit of Beneficial Interest, which compares to a distribution of twelve cents per Unit for the same period last year.
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Ryerson Opens New Service Center in Utah
Apr. 14, 2009 - Ryerson opens new service center in Clearfield, Utah, that will offer a full range of aluminum, stainless and carbon products as well as sawing services.
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Schnitzer Steel Adds Two New Independent Directors
Apr. 14, 2009 - Schnitzer Steel Industries announces the election of David J. Anderson and Wayland R. Hicks to the company’s Board of Directors, resulting in a majority of independent directors for the Schnitzer Board.
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TMK Ipsco Opens Heat Treat Facility at Baytown
Apr. 14, 2009 - TMK Ipsco completes construction of a new heat treat facility at its Baytown Works designed to heat treat and finish seamless tubing and casing for horizontal and deeper gas well applications.
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Cliffs to Cut Metallurgical Coal Production
Apr. 13, 2009 - Cliffs Natural Resources announces plans to cut back met coke production at its mines in West Virginia and Alabama in its effort to align production with demand.
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OCTG Producers, USW File Trade Case against China
Apr. 10, 2009 - The USW joins seven domestic oil country tubular goods producers in filing an antidumping and countervailing duty trade case against China imports with the U.S. Department of Commerce and the U.S. International Trade Commission.
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ALJ Releases 2nd Quarter Revenue Performance
Apr. 9, 2009 - ALJ, the parent company of Kentucky Electric Steel, reports revenue of $26.5 million for the second quarter, and revenue of $66.5 million for the six months ended March 31, 2009.
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Schnitzer Steel Reports 2nd Quarter Results
Apr. 3, 2009 - Schnitzer Steel Industries reports a net loss of $7 million on revenues of $434 million for the fiscal 2008 second quarter, and a net loss of $41 million on revenues of $932 million for the six months ended February 28, 2009.
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Worthington Industries Reports Third Quarter Results
Apr. 2, 2009 - Worthington Industries reports net earnings of $1.6 million on net sales of $501.1 million for its fiscal third quarter, and a net loss of $94.5 million on net sales of $2,159.7 million for the nine months ended February 28, 2009.
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Steel Imports Drop 9% in March
Apr. 2, 2009 - Steel import permit applications totaled 1,416,000 net tons for the month of March, a 9% decrease from the February preliminary imports total, according to the latest report from the AISI.
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Cliffs Common Shares Approved for NYSE Euronext Paris
Apr. 1, 2009 - The French Autorité des marchés financiers approves Cliffs Natural Resources’ prospectus for admission of its common shares to listing and trading on the Professional Segment of NYSE Euronext Paris.
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Steel Industry Groups Petition U.S. Trade Representative
Mar. 26, 2009 - Steel industry groups direct a letter to Ambassador Ron Kirk urging him to ‘consult with other governments and to request immediate consultations’ regarding Chinese actions to boost steel exports by reintroducing or enlarging Value Added Tax rebates.
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Carpenter, ATI Veterans Elected as SSINA Chairman, Vice Chairman
Mar. 26, 2009 - The Specialty Steel Industry of North America announces the election of Sunil Y. Widge, Chief Technology Officer Emeritus, Carpenter Technology as SSINA’s new Chairman, and Carl R. Moulton, Vice President—International, Allegheny Technologies, as Vice Chairman.
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Commercial Metals Reports Second Quarter Loss
Mar. 25, 2009 - Commercial Metals reports a net loss of $35.3 million on net sales of $1.6 billion for the quarter and net earnings of $26.7 million on net sales of $4.0 billion for the six months ended February 28, 2009.
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Steel Imports Dip 34% in February
Mar. 25, 2009 - The U.S. imported a total of 1,553,000 net tons of steel in February 2009, a 34% decrease vs. January final data, according to the latest report from AISI.
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Republic Receives OHSAS 18001:2007 Certification
Mar. 24, 2009 - Republic Engineered Products receives certificate of conformance to the Occupational Health and Safety Assessment Series Standard OHSAS 18001:2007 in recognition of the health and safety program covering the company’s plants in Canton, Massillon and Lorain, Ohio; Gary, Ind.; Lackawanna, N.Y.; and Hamilton, Ont.
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World Steel Production Continues Plunge through February 2009
Mar. 24, 2009 - Figures released by the World Steel Association (known formerly as the International Iron and Steel Institute) show that world crude steel production for the 66 countries reporting stood at an estimated 83.85 million tonnes in February 2009
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Carpenter Lowers Outlook, Announces Closure of UK Strip Facility
Mar. 23, 2009 - Carpenter Technology revises its sales and operating margin expectations for the second half of its fiscal year downward, as it also announces closure of its Crawley, U.K., metal strip manufacturing facility as part of an overall plan to reduce fixed costs and optimize capacities.
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Steel Shipments Down 50.5% in January
Mar. 23, 2009 - U.S. steel mills shipped 4,576,000 net tons for the month of January 2009, 50.5% decrease from January 2008, according to the latest report from AISI.
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Total Stainless Imports Dip 4.8% in 2008 as Domestic Consumptions Sags
Mar. 20, 2009 - Total stainless imports reached 728,487 tons through the end of December 2008, a 4.8% decrease compared to YTD December 2007 as consumption of total stainless steel products dips to its lowest levels since 1992, according to the latest report from the Specialty Steel Industry of North America (SSINA).
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ThyssenKrupp Restructures Business, Realigns Leadership
Mar. 20, 2009 - ThyssenKrupp announces sweeping changes to its organization this week, including the resignation of two key executives, streamlining of its five businesses segments into just two, and the reduction of its Executive Board from eight down to five.
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Steel Dynamics Updates First Quarter Earnings Guidance
Mar. 12, 2009 - Continued weakness in market conditions leads Steel Dynamics to reduce its first quarter estimate of earnings to a loss of $0.40 to $0.45 per diluted share, reflecting continued weakness in the company’s metals recycling segment, lower production rates, and lower volumes of steel shipments.
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ITC to Conduct Sunset Reviews of PC Strand from Six Countries
Mar. 9, 2009 - The U.S. ITC votes to conduct full five-year sunset reviews on the countervailing duty order on prestressed concrete steel wire strand from India and antidumping duty orders on this product from Brazil, India, Japan, Korea, Mexico, and Thailand.
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World Steel Production Continues Plunge through January ‘09
Feb. 25, 2009 - Figures released by the World Steel Association show that world crude steel production for the 66 countries reporting stood at an estimated 85.8 million tonnes in January 2009 -- 24.0% lower than for the same month of 2008, but 4.5% higher than the previous month (December 2008).
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Metals USA Acquires VR Laser
Feb. 24, 2009 - Metals USA Holdings acquires the operating assets of Philadelphia-based VR Laser, a metal processor of carbon plate products.
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