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Latest News:
Steel Dynamics Reports Strong Third Quarter Results
Oct. 16, 2008 - Steel Dynamics reports net income of $193 million on net sales of $2.6 billion for the third quarter, and record net income of $546 million on record net sales of $6.9 billion for the first nine months of 2008.
GE Corporate Lending Increases Project Financing for Severstal Columbus
Oct. 16, 2008 - GE Commercial Finance Corporate Lending increases senior secured financing for Severstal Columbus, formerly known as SeverCorr, by $100 million.
Product Designs Incorporating High Strength Steel Vie for Swedish Steel Prize 2008
Oct. 16, 2008 - Four European companies have been nominated for this year’s soon-to-be-awarded international Swedish Steel Prize design accolade for the use of high strength steels in their products.
AIS System Provides Material Tracking, Flow Control for Swiss Steel Wire Rod and Bar Mill
Oct. 16, 2008 - AIS recently completed its implementation of a Material Tracking System for Swiss Steel (formerly von Moos Stahl) in Switzerland.
Cleveland-Cliffs Is Now Cliffs Natural Resources
Oct. 16, 2008 - Cleveland-Cliffs officially changes its name to Cliffs Natural Resources, and formally adopts ‘Cliffs,’ the one-word name by which it is commonly known.
Tenova to Relocate, Revamp Strip Processing Line for Thyssen Krupp
Oct. 15, 2008 - Tenova Strip Processing will transfer and revamp Thyssen Krupp Acciai Speciali Terni’s Stainless Steel Annealing and Pickling Line No. 4 from Turin to its facility in Terni.
SSINA Report Details China's Use of Subsidies to Bolster Stainless Steel Industry
Oct. 15, 2008 - The Specialty Steel Industry of North America releases a report on the use of illegal subsidies and other interventionist measures by the Government of P.R. China to protect and foster the long-term development of the primary downstream industries in its specialty steel sector.
Harsco Expands Mill Services at Ascometal's Fos sur Mer Facility
Oct. 15, 2008 - Harsco is awarded a new six-year contract to provide steel upgrading and finishing services for Ascometal's Fos sur Mer operations in the south of France.
Sandvik Launches New Interconnector Material for Solid Oxide Fuel Cells
Oct. 15, 2008 - Sandvik Surface Technology is launching new interconnector materials with high temperature corrosion resistance and good surface conductivity for use in solid oxide fuel cell technology.
Cleveland-Cliffs Adopts Shareholder Rights Plan
Oct. 15, 2008 - Cleveland-Cliffs directors adopt a shareholder rights plan intended to protect the company and its shareholders from potentially coercive takeover practices or takeover bids.
Stainless, Specialty Imports Continue Their Slow Climb through July
Oct. 14, 2008 - Total stainless steel imports reached 482,223 tons through the first seven months of 2008, a 0.7% decrease compared to YTD July 2007, according to the latest report from the Specialty Steel Industry of North America. Total specialty imports increased 0.2% over the same period.
Novamerican Steel Reports Third Quarter 2008 Results
Oct. 14, 2008 - Novamerican Steel reports net sales of $230.9 million for its third fiscal quarter, a 20.6% increase as compared to its pro forma third fiscal quarter of 2007.
Worthington Industries Announces New President
Oct. 14, 2008 - Worthington Industries appoints George P. Stoe as President, in addition to his current duties as Chief Operating Officer.
Northwest Pipe to Supply Pipe for British Columbia Water Project
Oct. 14, 2008 - Northwest Pipe will supply approximately 2800 feet of 120-inch steel pipe for the Seymour and Capilano Filtration Twin Tunnels project in British Columbia.
Severstal Announces Production Cuts in Russia, North America, Europe
Oct. 13, 2008 - Slower demand for steel products and recent changes in global economic conditions are prompting OAO Severstal to reduce production across its facilities for the month of October.

 

 

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