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Latest News:
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Cliffs to Sell Discontinued renewaFUEL Biomass Plant
Jan. 6, 2012 - Cliffs Natural Resources has reached agreement for the asset sale of its renewaFUEL biomass production facility to RNFL Acquisition LLC, an acquisition entity created by an investor group that includes renewaFUEL's minority partners.
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Worthington Reports Second Quarter Results
Jan. 6, 2012 - Worthington Industries, Inc. reported net sales of $570.4 million and net earnings of $18.5 million, or $0.27 per share, for its fiscal 2012 second quarter ended November 30, 2011, compared to last year's reported net sales of $580.7 million and net earnings of $14.5 million, or $0.20 per share.
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Nucor to Close Nuconsteel
Jan. 6, 2012 - Nucor announced plans to exit the business of fabricating light gauge steel framing and close its Nuconsteel division.
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ALJ Announces Results for Fiscal Year 2011
Jan. 3, 2012 - ALJ Regional Holdings, the parent company of Kentucky Electric Steel, posted net income of $5.919 million on net sales of $45.89 million for the fourth quarter, and net income of $11.417 million on net sales of $162.01 million for the year ended September 30, 2010.
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Evraz NA Signs New Revolving Facility
Dec. 29, 2011 - Evraz plc has closed a USD610 million five-year committed revolving credit facility for Evraz NA. Funds will be used to re-finance existing facilities as well as for financing Evraz NA's working capital requirements.
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Preliminary Steel Imports Down 10% in November
Dec. 29, 2011 - The U.S. imported a total of 2,107,000 net tons of steel in November, down 10% vs. the October final data according to the latest report from AISI. Finished steel imports were down 13% through the same period.
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AISI Urges Response to Court Decision Limiting Application of CV Duties
Dec. 23, 2011 - American Iron and Steel Institute President and CEO Thomas J. Gibson issued a statement regarding a U.S. Court of Appeals for the Federal Circuit ruling this week to strike down the U.S. Commerce Department’s application of countervailing duties against subsidized products, including steel, from China.
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EVRAZ to Upgrade Pueblo Rail Operations
Dec. 23, 2011 - EVRAZ plans to upgrade its Pueblo, Colo., rail facility to improve product quality and operational efficiency, and expand head hardened rail manufacturing capacity.
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SMS Siemag to Supply VOD Facility for Ellwood National Steel
Dec. 23, 2011 - Ellwood National Steel has placed an order with SMS Siemag LLC to supply a Vacuum Oxygen Decarburizing facility. The new unit will be the first in the USA to operate with a mechanical vacuum pump rather than a steam ejector system and boiler.
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SSINA Elects New Officers
Dec. 22, 2011 - The Specialty Steel Industry of North America (SSINA) has elected new officers effective January 1, 2012.
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Metal Shipment Growth Slows in November
Dec. 21, 2011 - Service center shipments grew at slightly slower rates in November for both steel and aluminum in the U.S. and Canada, according to the latest Metals Activity Report from the Metals Service Center Institute. Steel inventory levels declined in the U.S. and Canada from last month.
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October Steel Shipments Down 0.2% from September
Dec. 21, 2011 - U.S. steel mills shipped 7,933,653 net tons for the month of October 2011, a 0.2% decrease from the 7,947,262 net tons shipped in the previous month according to the latest report from AISI.
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November World Crude Steel Production Slips from Previous Month
Dec. 21, 2011 - World crude steel production for the 64 countries reporting to the World Steel Association stood at an estimated 115.51 million tonnes for November 2011, 6.8% lower than the 123.98 million tonnes reported for the previous month (October 2011) and 1.1% higher in comparison with November 2010.
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CMC Announces Guidance for First Quarter 2012 Earnings
Dec. 20, 2011 - Commercial Metals Co. expects to report earnings in the range of $0.87 to $0.97 per diluted share for its first quarter ended November 30, 2011, a substantial increase over the $0.01 earnings per share recorded for the first quarter of fiscal 2011.
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USITC Reaches Decision on Stainless Wire Rod from India
Dec. 19, 2011 - The U.S. International Trade Commission determined that revoking the existing antidumping duty order on stainless steel wire rod from India would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time. Therefore, the existing order on imports of this product from India will remain in place.
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AK Steel Provides Fourth-Quarter Guidance
Dec. 16, 2011 - AK Steel opted to provide guidance later in the fourth quarter when it had more information upon which to base its estimates. The company now expects shipments of approximately 1.4 million tons in the 2011 fourth quarter, or about 2% higher than the third quarter of 2011, and about 3% higher than in the year-ago fourth quarter.
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Stainless Imports up 31% Through YTD September 2011
Dec. 15, 2011 - Total stainless imports reached 606,917 tons through YTD September 2011, a 30.9% increase compared to YTD September 2010 according to the latest report from SSINA. Total specialty steel imports (comprising stainless steel, alloy tool steel and electrical steel) reached 773,137 tons through the same period, a 30.3% increase.
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Air Liquide Expands Relationship with Nucor Steel in U.S.
Dec. 14, 2011 - Air Liquide Large Industries U.S. LP has been selected to supply industrial gases for Nucor Steel’s new direct reduced iron (DRI) plant in Convent, La., and has extended its contracts to serve Nucor’s plants in Berkeley County, S.C., and Blytheville, Ark.
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Ryerson Expands Long Products Capacity
Dec. 13, 2011 - Ryerson has acquired Turret Steel Industries, Inc. and Sunbelt-Turret Steel, Inc., steel service centers headquartered in Pittsburgh. The acquisition also includes Turret-affiliated companies Wilcox Steel and Imperial Logistics.
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Allegheny Technologies Elects New Director
Dec. 12, 2011 - Allegheny Technologies announced the election of John R. Pipski to the company’s Board of Directors, where he will serve on ATI’s Audit Committee and the Technology Committee.
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CMC Board of Directors to Review Unsolicited Tender Offer from Carl Icahn
Dec. 12, 2011 - Commercial Metals Company's Board of Directors, in consultation with its independent financial and legal advisers, will review the unsolicited tender offer from Carl Icahn and Icahn Enterprises Holdings L.P. to acquire all outstanding common shares of Commercial Metals Company at a price of $15.00 per share.
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USITC to Continue Cases on Welded Carbon Steel Pipe from India, Oman, UAE, and Vietnam
Dec. 12, 2011 - The U.S. Department of Commerce will continue to conduct its antidumping and countervailing duty investigations on imports of circular welded carbon-quality steel pipe from India, Oman, the United Arab Emirates, and Vietnam based on the USITC’s finding of reasonable indication of material injury due to imports of these products.
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Steel Import Permits Down 14% in November
Dec. 9, 2011 - Steel import permit applications totaled 1,984,000 net tons for the month of November, a 14% decrease from the 2,309,000 permit tons recorded in October according to the latest report from AISI.
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Main Steel Adds Key Senior Management
Dec. 7, 2011 - Joe DeCarlo has joined Main Steel Polishing Co. Inc. as its Vice President of Stainless Marketing, assuming responsibility for product management and promotion as well as driving new business development.
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ATI to Supply Goodrich with Aerospace Forgings
Dec. 6, 2011 - Allegheny Technologies Inc. has signed a long-term sourcing agreement with the Goodrich Corp. for the supply of aerospace forgings used for landing gear components, from 2012 through 2015.
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Cliffs Plans for Production Curtailment at Empire Mine
Dec. 6, 2011 - Cliffs Natural Resources anticipates full-year 2012 production volume at its Empire Mine in Michigan to be about 2.7 million tons, down from 2011's full-year expected production volume of approximately 4.6 million tons, due to planned blast furnace maintenance at one of Cliffs' North American customer's facilities.
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USITC Makes Decision on Cut-to-Length Carbon Steel Plate
Dec. 6, 2011 - The U.S. International Trade Commission determined that revoking the existing antidumping and countervailing duty orders on cut-to-length carbon-quality steel plate from India, Indonesia, and Korea would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time. The existing orders on imports of these products from Italy and Japan will be revoked as a result of the Commission's negative determinations.
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Lakeside Reports 2nd Quarter Results, Proposed Financings
Dec. 2, 2011 - Lakeside Steel Inc. reported a net loss of $7,601,420 on revenue of $47,771,086 for the fiscal 2012 second quarter, and a net loss of $8,694,479 on revenue of $100,799,032 for the six months ended September 30, 2011.
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Vallourec to Build Premium Threading Facility in Youngstown
Dec. 1, 2011 - Vallourec announced the advancement of two projects to strengthen its positioning to serve the OCTG markets of North America and the Middle East. In North America, the company will construct a new premium threading facility in Youngstown, Ohio, through its subsidiary VAM USA LLC. In Saudi Arabia, Vallourec recently completed the acquisition of Zamil Pipes.
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TMS International Receives 2011 Global Slag Environmental Award
Nov. 30, 2011 - TMS International’s Jewett, Texas, operation received the 2011 Global Slag Environmental Award from PRo Publications International Ltd. for implementing an environmentally friendly plan to control slag processing emissions and conserve water during the driest 12-month period in Texas since 1895.
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SunCoke Energy Provides 2012 Outlook
Nov. 30, 2011 - SunCoke Energy provided an outlook for its business in 2012 including guidance on coke and coal production, earnings, capital expenditures and other key financial measures.
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CMC to Review Unsolicited Letter from Carl Icahn
Nov. 29, 2011 - Commercial Metals comments on the open letter released to the press by Carl Icahn proposing to acquire all outstanding common shares of Commercial Metals at a price of $15.00 per share.
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Preliminary Finished Steel Imports Up 4% in October
Nov. 23, 2011 - The U.S. imported a total of 2,192,000 net tons of steel in October, down 3% vs. September final data according to the latest report from AISI. Finished steel imports were up 4% through the same period.
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Surma Elected Chairman of AISI
Nov. 22, 2011 - The American Iron and Steel Institute Board of Directors has elected U. S. Steel Chairman and CEO John P. Surma as the Chairman of AISI, replacing Nucor Chairman and CEO Daniel R. DiMicco, who served as the Institute’s Chairman for the past 18 months.
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Quad Infotech Implements QMOS MES System at Gerdau Whitby Plant
Nov. 22, 2011 - Quad Infotech Inc. has completed implementation and commissioning of the QMOS Manufacturing Execution System (MES) at Gerdau’s Whitby plant in Ontario, Canada. This installation is part of Gerdau’s initiative to use QMOS as its corporate manufacturing system.
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World Crude Steel Production Rebounds Slightly in October
Nov. 22, 2011 - World crude steel production for the 64 countries reporting to the World Steel Association stood at an estimated 123.98 million tonnes for October 2011, 0.3% higher than the 123.57 million tonnes reported for the previous month (September 2011) and 6.2% higher in comparison with October 2010.
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ITC to Uphold Duty Orders on Stainless Pipe from Korea, Taiwan
Nov. 18, 2011 - The U.S. International Trade Commission determined that revoking the existing antidumping duty orders on welded stainless steel pipe from Korea and Taiwan would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time.
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September Steel Shipments Down 4.3% from August
Nov. 18, 2011 - U.S. steel mills shipped 7,947,262 net tons for the month of September 2011, a 4.3% decrease from the 8,304,638 net tons shipped in the previous month according to the latest report from AISI.
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Commerce Initiates Investigations of Steel Pipe
Nov. 17, 2011 - The Department of Commerce recently initiated antidumping duty and countervailing duty investigations of certain steel-pipe imports from India, Oman, United Arab Emirates, and Vietnam.
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Metal Shipments Resume Double-Digit Growth in U.S.
Nov. 17, 2011 - Service center shipments returned to double-digit increases in the U.S. in October, while Canadian shipments grew at a slightly slower rate than last month, according to the latest Metals Activity Report from the Metals Service Center Institute.
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Stainless Imports up 35% Through YTD August 2011
Nov. 10, 2011 - Total stainless imports reached 557,407 tons through YTD August 2011, a 34.4% increase compared to YTD August 2010 according to the latest report from SSINA. Total specialty steel imports (comprising stainless steel, alloy tool steel and electrical steel) reached 704,798 tons through the same period, a 33.7% increase.
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Olympic Steel Reports Record Third Quarter Net Sales
Nov. 9, 2011 - Olympic Steel, Inc. reported net income of $6.1 million on record net sales of $348.5 million for the third quarter, and net income of $24.4 million on net sales of $941.9 million for the nine months ended September 30, 2011.
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MSA to Develop Process Benchmarker Platform for AIST
Nov. 8, 2011 - Management Science Associates Inc.’s Metals and Advanced Manufacturing Division has received a contract to design and implement a Web-based platform and service for benchmarking operational performance metrics for the Technology Committees of the Association for Iron & Steel Technology.
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Cliffs Natural Resources Reports on Sustainability Progress
Nov. 4, 2011 - Cliffs Natural Resources has released its third sustainability report, which provides a comprehensive look at Cliffs' business and describes the company's goals, progress and outcomes in four key areas of corporate responsibility: corporate governance, environment, community and economic value.
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Russel Metals Announces Third Quarter Results
Nov. 4, 2011 - Russel Metals announced earnings of $26 million on revenues of $705 million for the third quarter, and net earnings of $90 million on revenues of $2.0 billion for the nine months ended September 30, 2011.
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Don B. Daily Memorial Fund Selects Recipients
Nov. 3, 2011 - The Steel Manufacturers Association (SMA) and the Association for Iron & Steel Technology (AIST) Foundation are proud to announce the first-year recipients of the newly established Don B. Daily Memorial Fund to Promote Steel Industry Safety and Health.
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FeMET Grants for 2011-2012 Awarded
Nov. 2, 2011 - The AIST Foundation and the American Iron and Steel Institute’s “Ferrous Metallurgy Education Today,” or FeMET Initiative has awarded its grants for the 2011–2012 academic year.
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Reliance Steel & Aluminum Reports Third Quarter Results
Oct. 31, 2011 - Reliance Steel & Aluminum reported net income of $84.9 million on sales of $2.14 billion for the third quarter and net income of $275.9 million on sales of $6.10 billion for the nine months ended September 30, 2011.
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CMC Reports Fourth Quarter and Full-Year Results
Oct. 31, 2011 - Commercial Metals Company reported a net loss of $120.3 million $1.04 per diluted share on net sales of $2.3 billion for the fourth quarter, and a net loss of $129.6 million on net sales of $7.9 billion for the full year ended August 31, 2011.
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Timken Posts Strong Quarter, Raises Full-Year Forecast
Oct. 28, 2011 - Timken reported $111 million income from continuing operations on sales of $1.3 billion for the third quarter and $345.2 million income from continuing operations on sales of $3.9 billion in the first nine months of 2011.
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Preliminary Steel Imports Decline 9% in September
Oct. 26, 2011 - The U.S. imported a total of 2,238,000 net tons of steel in September, down 9% from August final data according to the latest report from AISI. Finished steel imports were also down 9% through the same period.
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AK Steel Reports Third Quarter 2011 Results
Oct. 26, 2011 - AK Steel reported a net loss of $3.5 million on net sales of $1,585.8 million for the third quarter and net income of $38.3 million on net sales of $4859.8 million for the first nine months of 2011.
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U. S. Steel Reports 2011 3rd Quarter Results
Oct. 26, 2011 - United States Steel Corp. reported third quarter 2011 net income of $22 million, or $0.15 per diluted share, compared to a second quarter 2011 net income of $222 million, or $1.33 per diluted share, and a Q3 2010 net loss of $51 million, or $0.35 per diluted share.
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Stainless Imports up 39% through YTD July 2011
Oct. 25, 2011 - Total stainless imports reached 488,826 tons through YTD July 2011, a 38.6% increase compared to YTD July 2010 according to the latest report from SSINA. Total specialty steel imports (comprising stainless steel, alloy tool steel and electrical steel) reached 615,409 tons through the same period, a 37.2% increase.
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September World Crude Steel Production Dips Slightly vs. August
Oct. 24, 2011 - World crude steel production for the 64 countries reporting to the World Steel Association stood at an estimated 123.57 million tonnes for September 2011, 0.8% lower than the 124.59 million tonnes reported for the previous month (August 2011) and 9.7% higher in comparison with September 2010.
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AIST Presents Awards at MS&T’11 Annual Conference
Oct. 21, 2011 - AIST presented this week the prestigious Richard J. Fruehan Award, Gilbert R. Speich Award, Jerry Silver Award and Adolf Martens Memorial Steel Lecture Award during the Steel Properties & Applications Conference in Columbus, Ohio.
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Nucor Reports Q3, Nine Months Results
Oct. 21, 2011 - Nucor reported consolidated net earnings of $181.5 million on consolidated net sales of $5.25 billion for the third quarter, and consolidated net earnings of $641.1 million on consolidated net sales of $15.194 billion for the first nine months of 2011.
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TMS Opens Trading Office in Tennessee
Oct. 20, 2011 - TMS International Corp. has opened a trading office in Nashville, Tenn., demonstrating the company’s long-term commitment to its customers and partners in the U.S., a company executive says.
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CMC Receives Notice of Intention to Nominate Directors
Oct. 20, 2011 - Commercial Metals Co. (CMC) has received notice from Carl Icahn, and affiliated entities, of their intention to nominate three candidates for election to CMC's Board of Directors at the company's 2012 Annual Meeting. The notice also contains the intention to make certain proposals at the meeting.
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Steel Dynamics Reports Third Quarter 2011 Results
Oct. 18, 2011 - Steel Dynamics, Inc. announced net income of $43 million on net sales of $2.0 billion for the third quarter, and net income of $248 million on net sales of $6.14 billion for the nine months ended September 30, 2011.
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Steel Dynamics Names Millett as President and CEO, Effective 2012
Oct. 17, 2011 - The Steel Dynamics, Inc. Board of Directors has appointed Mark D. Millett to the position of President and Chief Executive Officer of the company, effective January 1, 2012. At that time, Keith Busse will become Chairman of the company's board of directors.
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Nucor Lauds Passage of Currency Manipulation Legislation
Oct. 13, 2011 - Nucor Corp. commends the U.S. Senate for passing the bipartisan Currency Exchange Rate Oversight Reform Act of 2011 (S.1619), which provides sanctions on China or any other nation that manipulates its currency.
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Three Atlas Tube Facilities Achieve STINA Certified Producer Status
Oct. 12, 2011 - Atlas Tube's manufacturing facilities in Chicago, Ill.; Harrow, Ont.; and Plymouth, Mich. are among the first steel tubular producers in North America to earn the right to display the Steel Tube Institute of North America's Certified Producer Mark on its products.
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Commercial Metals Company Announces Restructuring Actions
Oct. 10, 2011 - Commercial Metals has announced a number of restructuring actions, including the closure or sale of its CMC Sisak mill in Croatia, additional workforce reductions, closure of five rebar fabricating locations, and rationalization of eight construction services locations.
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ALJ Announces 2011 Revenues; Refinancing and Expansion of Senior Financing
Oct. 7, 2011 - ALJ Regional Holdings, the parent company of Kentucky Electric Steel, reported revenues of $45.9 million for the fourth quarter and revenues of $162.1 million for the 2011 fiscal year. The company also announced the refinancing and increase of the senior financing agreement of Kentucky Electric Steel.
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Steel Import Permits Down 11% in September
Oct. 6, 2011 - Steel import permit applications reached 2,221,000 net tons for the month of September, an 11% decrease from the 2,481,000 permit tons recorded in August according to the latest report from AISI.
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ITC Makes Determination in Sunset Review of Pipe, Tube from Seven Countries
Oct. 5, 2011 - The U.S. International Trade Commission will conduct full reviews to determine whether revocation of the countervailing duty order on certain pipe and tube from Turkey, the antidumping duty orders on certain pipe and tube from Brazil, India, Korea, Mexico, Thailand, and Turkey, and the antidumping duty orders on circular welded pipe from Taiwan would be likely to lead to continuation or recurrence of material injury.
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AK Steel Acquires Iron Ore, Met Coal Interests
Oct. 5, 2011 - AK Steel has formed a joint venture with Magnetation for the production of iron ore concentrate. In a separate transaction, AK Steel also acquired all of the stock of Solar Fuel Company, which has significant reserves of low volatile metallurgical coal.
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Mill Steel to Expand Head Office, Processing and Distribution Operations
Oct. 4, 2011 - Following triple-digit volume, customer, and employee growth, Mill Steel Co. is expanding its Grand Rapids, Mich., corporate office and adding new distribution and processing capabilities in Birmingham, Ala., and Louisville, Ky.
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College Students Compete in Steel Bridge Building Demo
Sep. 29, 2011 - The Federal Highway Administration recently invited teams of students from Virginia Tech and Howard University to compete in a steel bridge building demonstration at DOT headquarters in honor of Steel Day.
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Preliminary Steel Imports Decline 7% in August
Sep. 28, 2011 - The U.S. imported a total of 2,440,000 net tons of steel in August, down 7% from July final data according to the latest report from AISI. Finished steel imports were down 13% over the same period.
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OSHA Cites ABC Coke Following Worker Fatality
Sep. 27, 2011 - The U.S. Department of Labor's Occupational Safety and Health Administration has cited ABC Coke for 27 safety and health violations following the death of a worker in March. Proposed penalties total $124,000.
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Nucor Prevails in Class Action Case
Sep. 26, 2011 - The Eighth Circuit Court of Appeals has confirmed that a national class action brought against Nucor-Yamato not only was inappropriate, but there was no evidence of plant-wide discrimination at the Blytheville, Ark., plant.
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Republic Steel Celebrates 125 Years of SBQ Excellence
Sep. 21, 2011 - Celebrating 125 of leadership in special bar quality steel manufacturing, Republic has announced it will return to the name Republic Steel, reflecting its heritage of SBQ leadership and innovation.
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Growth in Metal Shipments Stable in August
Sep. 21, 2011 - Service center shipments increased from the same period in 2010 at about the same rate as July for both steel and aluminum in Canada and at a higher rate in the U.S., according to the latest Metals Activity Report from the Metals Service Center Institute.
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August 2011 World Crude Steel Production Dips 2.3% vs. July
Sep. 21, 2011 - World crude steel production for the 64 countries reporting to the World Steel Association stood at an estimated 124.59 million tonnes for August 2011, 2.3% lower than the 127.48 million tonnes reported for the previous month (July 2011) and 9.8% higher in comparison with August 2010.
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Horsehead Announces Location for New Production Facility
Sep. 20, 2011 - Horsehead Corp. plans to build its new zinc and diversified metals production facility in Rutherford County, N.C., near Forest City. The existing smelter in Monaca, Pa., will continue to operate until the new plant is fully commissioned.
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July Steel Shipments Down 3% from June
Sep. 20, 2011 - U.S. steel mills shipped 7,409,450 net tons for the month of July 2011, a 3.0% decrease from the previous month’s shipments according to the latest report from AISI.
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ArcelorMittal Princeton Receives 2010 Large Surface Mine Safety Award
Sep. 19, 2011 - Extra Energy's Virginia Point Surface Mine, wholly owned by ArcelorMittal, has been awarded the 2010 Large Surface Mine Safety Award by the Virginia Division of Mines, Minerals and Energy. ArcelorMittal's Twin State Mining's Highwall Miner #55 won the same award in the Small surface mine category.
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Steel Dynamics Provides Third Quarter Earnings Guidance
Sep. 13, 2011 - Steel Dynamics is expecting to report third quarter earnings in the range of $0.18 to $0.22 per diluted share, a decrease from the previous quarter due primarily to a substantial drop in anticipated third quarter flat rolled earnings.
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USITC to Uphold Antidumping Orders on Seamless Pipe from Japan, Romania
Sep. 12, 2011 - Existing antidumping duty orders on imports of carbon and alloy seamless standard, line, and pressure pipe from Japan and Romania following the USITC’s determination that revoking the existing antidumping duties on these products would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time.
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Stainless Imports up 39% through YTD June 2011
Sep. 12, 2011 - Total stainless imports reached 406,269 tons through YTD June 2011, 39.2% increase compared to YTD June 2010 according to the latest report from SSINA. Total specialty steel imports (comprising stainless steel, alloy tool steel and electrical steel) reached 514,354 tons through the same period, a 38.3% increase compared to YTD June 2010.
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Steel Import Permits Down 3% in August
Sep. 8, 2011 - Steel import permit applications reached 2,446,000 net tons for the month of August, a 3% decrease from the 2,520,000 permit tons recorded in July according to the latest report from AISI.
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Severstal North America Successful on Two Patent Cases
Aug. 30, 2011 - The jury award won by Severstal North America in its defense of ArcelorMittal’s patent infringement assertions has been upheld by the trial judge. Severstal says it also continues to achieve favorable decisions in a patent reexamination proceeding regarding a patent owned by ArcelorMittal regarding the production of aluminum-coated, boron-bearing carbon steel.
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Stainless Imports up 42% through YTD May 2011
Aug. 29, 2011 - Total stainless steel imports reached 335,588 tons through YTD May 2011, a 42.4% increase compared to YTD May 2010 according to the latest report from SSINA. Total specialty steel imports reached 427,616 tons through the same period, a 41.8% increase compared to YTD May 2010.
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Timken, UA to Accelerate Commercialization of Specialized Research
Aug. 26, 2011 - The University of Akron (UA) and The Timken Co. have announced an open-innovation agreement to accelerate technology development. The organizations plan to combine their expertise in materials and surface engineering at newly established laboratories in the UA College of Engineering.
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Acting U.S. Commerce Secretary Tours Thomas Steel Strip
Aug. 26, 2011 - Acting U.S. Commerce Secretary Rebecca Blank traveled to Thomas Steel Strip to tour the plant and discuss the importance of foreign direct investment such as Tata Steel’s investment in Thomas Steel Strip.
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Carpenter to Build New Premium Products Facility
Aug. 26, 2011 - Carpenter Technology announced plans to construct a new state-of-the-art manufacturing facility capable of producing approximately 27,000 additional tons per year. The new facility is to include remelting, forge, and associated finishing and testing capabilities.
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Timken Evaluates $225 Million Expansion at Faircrest
Aug. 25, 2011 - The Timken Co. is considering an investment of $225 million at its Canton, Ohio-based Faircrest Steel Plant that would increase capacity, expand product range, and strengthen competitiveness of Timken® alloy steel bars.
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FeMET, StEEL and Premier 2011 Scholarships Awarded
Aug. 24, 2011 - The AIST Foundation’s and the American Iron and Steel Institute’s ‘Ferrous Metallurgy Education Today’ (FeMET) Initiative and ‘Steel Engineering Education Link’ (StEEL) Initiative have awarded their scholarships for the 2011–2012 academic year.
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World Crude Steel Utilization Dips in July 2011
Aug. 23, 2011 - World crude steel production for the 64 countries reporting to the World Steel Association stood at an estimated 127.48 million tonnes for July 2011, 0.2% lower than the previous month (June 2011) and 11.5% higher in comparison with July 2010.
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Severstal NA Starts up New Cold Mill Complex at Dearborn
Aug. 19, 2011 - Severstal North America has successfully launched a new five-stand, six-high, 72-in-wide coupled pickle line tandem cold mill at its plant in Dearborn, Mich. The new facility is expected to ramp up to full capacity of 2.1 million net tons within six months.
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TMS International Announces New Board Chairman
Aug. 18, 2011 - TMS International Corp., the parent company of Tube City IMS Corp., announced the election of Joseph Curtin to serve as Chairman of the TMS Board of Directors effective August 16, 2011.
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June Steel Shipments up 3.5% From May
Aug. 18, 2011 - U.S. steel mills shipped 7,639,108 net tons for the month of June 2011, a 3.5% increase from the previous month’s shipments according to the latest report from AISI.
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Growth in Metal Shipments Continues to Slow
Aug. 17, 2011 - Service center shipments increased from year-ago levels, but growth rates continue to slow from earlier this year for both steel and aluminum in Canada and for steel in the U.S., according to the latest Metals Activity Report from the Metals Service Center Institute. Aluminum shipments in the U.S. declined slightly from July 2010.
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ALJ Reports Third Quarter Results
Aug. 16, 2011 - ALJ Regional Holdings, the parent company of Kentucky Electric Steel, reported net income of $2.5 million on revenue of $43.2 million for the third quarter and net income of $5.5 million on revenue of $116.1 million for the nine months ended June 30, 2011.
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Steel Technologies to Expand Operations in Mexico
Aug. 11, 2011 - The Pesqueria Municipality in Mexico has authorized for industrial use a Greenfield site previously announced by Steel Technologies LLC as the location for its new flat-rolled steel processing and pickling operation in Monterrey.
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Horsehead Reports Second Quarter 2011 Earnings
Aug. 10, 2011 - Horsehead Holding Corp. reported that consolidated net earnings were $6.3 million, or $0.14 per diluted share, for the second quarter of 2011, a 9.7% increase over the same period in 2010. This figure excludes noncash mark-to-market adjustments after taxes.
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Main Steel Expands Senior Management Team
Aug. 9, 2011 - Main Steel Polishing Co., Inc. announces that Jim Stephens joins the company as Vice President of Sales and Carl "Bud" Horstmeyer joins the company as General Manager of the company’s Atlanta, Ga., facility.
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Northwest Pipe Reports Q2 2011 Results
Aug. 8, 2011 - Northwest Pipe Co. announced net income of $5.4 million on net sales of $143.8 million for the second quarter, and net income of $8.9 million on net sales of $255.3 million for the first six months of 2011.
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Evraz to Expand Portland Tubular Operations
Aug. 8, 2011 - Evraz Group plans to expand Evraz Inc. NA’s structural tubing facility in Portland, Ore., to add capacity to manufacture API-certified pipe. The expansion is scheduled for completion by August 2012.
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Russel Metals Announces Strong 2nd Quarter Results
Aug. 4, 2011 - Russel Metals announced earnings of $31 million on revenues of $619 million for the second quarter, and net earnings of $64 million on revenues of $1.3 billion for the first six months of 2011.
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Steel Import Permits Down 13% in July
Aug. 4, 2011 - Steel import permit applications reached 2,447,000 net tons for the month of July, a 13% decrease from the 2,797,000 permit tons recorded in June according to the latest report from AISI.
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Wheels Task Force to Develop Lightweight Steel Wheel
Aug. 3, 2011 - The Steel Market Development Institute’s Wheels Task Force will begin a project to develop a lightweight high-strength steel wheel, with a cost-effective design and manufacturing process, to showcase the benefits to automotive manufacturers and consumers.
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Olympic Steel Announces Management Changes
Aug. 3, 2011 - Olympic Steel, Inc. announced a series of management changes, beginning with the promotion of Andrew S. Greiff to the newly formed position of President of Specialty Metals.
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Organizations Developing Methodology for Manufacturing Low-Mass Steel Fuel Tanks
Aug. 2, 2011 - The Strategic Alliance for Steel Fuel Tanks, in collaboration with the Auto/Steel Partnership and the United States Automotive Materials Partnership, plans to develop a methodology for producing lightweight sealed steel fuel tanks with 30 to 40% mass reductions compared with current-generation sealed steel tanks.
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U. S. Steel Announces Executive Appointments
Aug. 2, 2011 - United States Steel announced two executive appointments in its corporate risk management and finance organizations; both appointments are effective immediately.
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ATI Operations, USW Reach Tentative Agreement
Aug. 2, 2011 - United Steelworkers, ATI Allegheny Ludlum and ATI’s Albany, Ore., titanium operations have reached tentative four-year agreements covering approximately 3,000 employees.
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Reliance Steel & Aluminum Reports 2nd Quarter Results
Aug. 1, 2011 - Reliance Steel & Aluminum reported net income of $98.7 million on sales of $2.05 billion for the second quarter and net income of $191.0 million on sales of $3.96 billion for the six months ended June 30, 2011.
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Carpenter Technology Reports Fourth Quarter Results
Jul. 29, 2011 - Carpenter Technology reported net income attributable to Carpenter of $25.5 million on net sales of $483.6 million for the fourth quarter, and net income attributable to Carpenter of $71.0 million on net sales of $1.675 billion for the full year fiscal 2011.
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Timken Posts Second Quarter Earnings
Jul. 29, 2011 - The Timken Co. reported $121.5 million income from continuing operations on sales of $1.3 billion for the second quarter of 2011.
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Timken, Partners Break Ground on Wind Energy R&D Center
Jul. 27, 2011 - Timken, Stark State College and the Stark County Port Authority officially broke ground this week on a Wind Energy Research and Development Center, America's first R&D center for large wind-turbine gearbox systems.
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USW Members Reject New Contract at ATI
Jul. 27, 2011 - United Steelworkers members have rejected a four-year contract with Allegheny Technologies that would have covered represented employees at ATI Allegheny Ludlum and ATI’s Albany, Ore., titanium operations.
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AK Steel Reports Second Quarter 2011 Results
Jul. 27, 2011 - AK Steel reported net income of $33.1 million on net sales of $1,791.9 million for the second quarter and net income of $41.8 million on net sales of $3,373.0 million for the first six months of 2011.
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Metals USA Reports Q2 Sales and Volume Growth
Jul. 26, 2011 - Metals USA Holdings Corp. reported net sales for the second quarter of 2011, ended June 30, 2011, of $505.6 million, up 51% from a year ago. Net income for the second quarter was $21.5 million compared to $2.5 million for the same period in 2010.
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U.S. Steel Reports 2011 Second Quarter Results
Jul. 26, 2011 - United States Steel reported net income of $222 million on net sales of $5.12 billion for the second quarter, and net income of $136 million on net sales of $9.98 billion for the first six months of 2011.
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Stainless Imports up 43% through YTD April
Jul. 22, 2011 - Total stainless steel imports reached 262,705 tons through YTD April 2011, a 43.0% increase compared to YTD April 2010 according to the latest report from SSINA. Total specialty steel imports reached 336,236 tons through the same period, a 43.6% increase compared to YTD April 2010.
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Nucor Reports 2nd Quarter Results
Jul. 22, 2011 - Nucor announced consolidated net earnings of $299.8 million on consolidated net sales of $5.11 billion for the second quarter, and consolidated net earnings of $459.6 million on consolidated net sales of $9.94 billion for the first six months of 2011.
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EPA and DEC Report Progress at Tonawanda Coke
Jul. 21, 2011 - The U.S. Environmental Protection Agency and New York State Department of Environmental Conservation announced progress in their agencies’ investigation of the Tonawanda Coke Corp. and launched a new community-wide effort to reduce pollution.
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ITC Reports Mixed Findings on Stainless Plate from Five Countries
Jul. 21, 2011 - The U.S. International Trade Commission determined that revoking the existing CVD order on stainless steel plate from South Africa and the existing AD orders on stainless plate from Belgium, Korea, South Africa, and Taiwan would likely lead to material injury. It also determined that revoking the existing AD order on stainless plate from Italy would not be likely to lead to material injury.
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World Crude Steel Production Dips Slightly in June 2011
Jul. 21, 2011 - World crude steel production for the 64 countries reporting to the World Steel Association stood at an estimated 127.75 million tonnes for June 2011, 1.6% lower than the previous month (May 2011) and 8.0% higher in comparison with June 2010.
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Growth in Metals Shipments Slows in June
Jul. 19, 2011 - U.S. and Canadian metals service center shipments of both steel and aluminum increased in June from 2010 levels according to the latest Metals Activity Report from MSCI, although the rate of growth slowed significantly.
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May Steel Shipments up 1.7% from April
Jul. 19, 2011 - U.S. steel mills shipped 7,380,064 net tons for the month of May 2011, a 1.7% increase from the 7,258,534 net tons shipped in the previous month according to the latest report from AISI.
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Reliance to Acquire Continental Alloys & Services
Jul. 15, 2011 - Reliance Steel & Aluminum Co. has reached an agreement to purchase all of the outstanding capital securities of Houston, Tex.-based Continental Alloys & Services, Inc. and certain affiliated companies. The transaction is expected to be finalized within 30 days.
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Domestic Stainless Producers Respond to ITC’s Mixed Findings
Jul. 12, 2011 - The Specialty Steel Industry of North America issued a statement in response to the U.S. International Trade Commission’s sunset-review determinations this week regarding stainless steel sheet and strip from Germany, Italy, Japan, Korea, Mexico, and Taiwan.
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ALJ Releases Third Quarter 2011 Revenue Performance
Jul. 11, 2011 - ALJ Regional Holdings, the parent company of Kentucky Electric Steel, reported revenues of $43.3 million the third quarter and revenues of $116.2 million for the nine months ended June 30, 2011.
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ITC Makes Decision on Stainless Steel Sheet and Strip from Multiple Countries
Jul. 11, 2011 - The U.S. International Trade Commission has determined that revoking the existing countervailing duty order on stainless steel sheet and strip from Korea and the existing antidumping duty orders on stainless steel sheet and strip from Japan, Korea, and Taiwan would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time.
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Steel Dynamics, ThyssenKrupp Steel USA Receive Industry Awards
Jul. 7, 2011 - Steel Dynamics, Inc. was recently honored as "Steel Producer of the Year" as part of American Metal Market's second annual Awards for Steel Excellence, while ThyssenKrupp Steel USA was named as the winner for “Best Greenfield Technology”.
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Finished Steel Import Permits Up 15% in June
Jul. 7, 2011 - Steel import applications reached 2,734,000 net tons for the month of June, a 2% increase from the May preliminary imports total of 2,692,000 net tons according to the latest report from AISI.
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Butler Works EAF Sustains Damage in AK Steel Incident
Jul. 6, 2011 - The #5 electric arc furnace at AK Steel’s Butler Works sustained some damage on July 1 when molten steel inside the furnace broke through the furnace shell, causing damage to the furnace and some of its components.
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Wolverine Tube Exits Chapter 11
Jun. 29, 2011 - Wolverine Tube, Inc. has emerged from Chapter 11 bankruptcy protection effective June 28, 2011, pursuant to a Plan of Reorganization approved by the U.S. Bankruptcy Court for the District of Delaware.
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Carpenter Technology Acquires Oilfield Alloys
Jun. 28, 2011 - Carpenter announced the acquisition of Singapore-based Oilfield Alloys Pte. Ltd., a manufacturer and distributer of directional drilling equipment in the Asia-Pacific region.
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Sumitomo Metals to Acquire Standard Steel
Jun. 28, 2011 - Sumitomo Metal Industries, Ltd. and Sumitomo Corp. have agreed to acquire Steel Wheel Acquisition Corp., the parent company of Standard Steel, Inc. in the United States, for approximately US$340 million.
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USITC to Continue Cases on High Pressure Steel Cylinders from China
Jun. 27, 2011 - The USITC has found reasonable indication that a U.S. industry is materially injured due to imports of high pressure steel cylinders from China that are allegedly sold in the United States at less than fair value and subsidized by the government of China.
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Severstal North America Honored for Steel Excellence
Jun. 27, 2011 - Severstal North America was named this year’s winner for Best Brownfield Technology in American Metal Market's 2011 Awards for Steel Excellence for the company’s efforts to remediate a steelworks site in Dearborn.
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Commercial Metals Reports 3rd Quarter Results
Jun. 22, 2011 - Commercial Metals Co. reported net income of $36.2 million, or $0.31 per diluted share, on net sales of $2.1 billion for the quarter ended May 31, 2011. This compares with a net loss of $8.8 million, or $0.08 per diluted share, on net sales of $1.8 billion for last year's Q3.
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Carpenter Technology to Acquire Latrobe
Jun. 21, 2011 - Carpenter Technology Corp. and Latrobe Specialty Metals, Inc. have entered into a definitive merger agreement whereby Carpenter will acquire Latrobe in a transaction valued at approximately $558 million. Closing is expected to occur during the first quarter of FY2012, which ends September 30, 2011.
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World Crude Steel Production up Again in May 2011
Jun. 21, 2011 - World crude steel production for the 64 countries reporting to the World Steel Association stood at an estimated 129.9 million tonnes for May 2011, 2.3% higher than the previous month (April 2011) and 4.2% higher in comparison with May 2010.
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Nucor Names Grand Prize Winner of Strength of Steel Challenge
Jun. 20, 2011 - Nucor Corp. recently concluded its Strength of Steel Challenge with an awards ceremony in Charlotte, N.C., where eight semifinalist teams were flown to present their inventions to Nucor executives. Entrants created a structure out of recycled steel that could be used to support another object in the home, school, or vehicle.
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Olympic Steel Installs Wind Turbine
Jun. 20, 2011 - Olympic Steel has installed a 100kw wind turbine to supplement electricity to the company's corporate office and attached temper mill facility in Bedford Heights, Ohio.
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Stainless Imports up More than 50% Through YTD March 2011
Jun. 17, 2011 - Total stainless imports reached 198,619 ton through YTD March 2011, a 50.6% increase compared to YTD March 2010 according to the latest report from SSINA. Total specialty imports reached in 255,551 tons over the same period, a 53.9% increase compared to YTD March 2010.
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April Steel Shipments down 9.3% from March
Jun. 17, 2011 - U.S. steel mills shipped 7,258,534 net tons for the month of April 2011, a 9.3% decrease from the 8,006,016 net tons shipped in the previous month according to the latest report from the AISI.
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Steel Dynamics Provides Second Quarter Earnings Guidance
Jun. 17, 2011 - Steel Dynamics, Inc. expects second quarter earnings to be in the range of $0.35 to $0.40 per diluted share, lower than the first quarter 2011 reported results of $0.46, but higher than earnings of $0.22 per diluted share achieved in Q2 2010.
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Lakeside Steel, Metals USA Enter Services Agreement
Jun. 15, 2011 - Lakeside Steel Inc. has entered into a four-year contract with Metals USA for the provision of steel slitting and warehousing services to support Lakeside's new steel pipe and casing mill in Thomasville, Ala.
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U. S. Steel Tags Leader for North American Flat-Rolled Product Quality Assurance
Jun. 15, 2011 - United States Steel Corp. has appointed Lisa A. Roudabush to the newly created position of Managing Director – Product Quality for the company's reorganized North American Flat-Rolled Product Quality Assurance organization. Scott D. Buckiso will succeed Roudabush as General Manager – Mon Valley Works. Both appointments will be effective July 1.
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U. S. Steel Names New Execs in North American Flat-Rolled Group
Jun. 14, 2011 - United States Steel announced several executive appointments in its North American flat-rolled products organization, including Anton Lukac as Vice President – U.S. Flat-Rolled Operations and Sharon K. Owen as Vice President – Supply Chain & Customer Service.
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OSHA Fines AK Steel for Hearing Hazard Violations at Butler
Jun. 8, 2011 - The U.S. Department of Labor's Occupational Safety and Health Administration cited AK Steel Corp. for record-keeping violations related to potential hearing hazards at its Butler Works facility in Butler, PA. Proposed penalties total $206,000.
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U. S. Steel, Carnegie Pension Fund Announce Executive Changes
Jun. 7, 2011 - United States Steel and the trustee for its pension and other benefit plans, Carnegie Pension Fund, have announced that Gary A. Glynn, President of the fund since 1985, will retire effective July 31. Effective August 1, William Donovan, who currently serves as Vice President – Investments, will succeed Glynn as President.
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Vale Mines Recognized for Top Safety
Jun. 6, 2011 - The John T. Ryan Trophy, honoring Canada's safest metal mine, was awarded to Vale's T1 and Birchtree Mines in Thompson, Manitoba, for having the lowest reportable injury frequency per 200,000 hours worked in Canada.
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V & M Star Builds New Ohio Plant
Jun. 6, 2011 - V & M Star is building a new seamless tube plant in Youngstown, scheduled for commissioning in the first half of 2012. Construction is being carried out by Danieli Centro Tube, and Friedrich Kocks will supply its latest-generation Extractor and Stretch Reducing Block.
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Steel Import Permits Down 6% in May
Jun. 2, 2011 - Steel import permit applications reached 2,579,000 net tons for the month of May, a 6% decrease from the 2,746,000 permit tons recorded in April according to the latest report from AISI.
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Atlas Tube to Re-Open Blytheville HSS Facility
Jun. 1, 2011 - Atlas Tube announced plans to re-open its Hollow Structural Section manufacturing facility in Blytheville, Ark., with regularly scheduled mill rollings to begin in September.
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Gerdau Celebrates 110 Years, Announces New Branding
May 24, 2011 - Gerdau recently celebrated 110 years of existence, and is introducing a new brand and visual identity. The long steel and special steel operations of Gerdau in North America, Gerdau Ameristeel and Gerdau Macsteel, will now be known as Gerdau, but with new descriptors.
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World Crude Steel Production Dips Slightly in April 2011
May 23, 2011 - World crude steel production for the 64 countries reporting to the World Steel Association stood at an estimated 127 million tonnes for April 2011, 1.9% lower than the previous month (March 2011) and 5.0% higher in comparison with April 2010.
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USITC Makes Determinations on Hot-Rolled Steel from Brazil, Japan and Russia
May 20, 2011 - With regard to Russia, the U.S. International Trade Commission has determined that terminating the existing suspended antidumping duty investigation on imports of hot-rolled steel would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time.
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Olympic Steel to Acquire Chicago Tube and Iron
May 19, 2011 - Olympic Steel, Inc. has entered into a merger agreement to acquire the outstanding common shares of Chicago Tube and Iron Company, making the company a wholly-owned subsidiary of Olympic.
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Severstal Columbus Receives Best Practices Award
May 19, 2011 - East Mississippi Community College has presented Severstal Columbus with a second Best Practices Award. The award recognizes organizations that provide outstanding examples of workforce training, quality management and business practices.
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U.S., Canadian Steel Shipment Growth Rate Slows in April
May 19, 2011 - The rate of growth of steel shipments from metals service centers in the United States and Canada slowed during April, according to the latest Metals Activity Report from MSCI. Steel shipments from U.S. and Canadian service centers rose 11.3% and 4.5% during the month, respectively.
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Stainless Imports through February More than 50% Higher than YTD 2010
May 18, 2011 - Total stainless imports reached 126,885 tons in YTD February 2011, a 51.4% increase compared to YTD February 2010 according to the latest report from SSINA. Total specialty imports (comprising stainless steel, alloy tool steel and electrical steel) over the same period were 166,205 tons, a 56.1% increase.
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March Steel Shipments up 14.9% from February
May 18, 2011 - U.S. steel mills shipped 8,006,015 net tons for the month of March 2011, a 14.9% increase from the 6,967,481 net tons shipped in the previous month, according to the latest report from AISI.
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ALJ Announces 2nd Quarter Earnings
May 17, 2011 - ALJ, the parent company of Kentucky Electric Steel, reported net income of $2,289,928 on net sales of $40.29 million for the second quarter, and net income of $2,952,438 on net sales of $72.97 million for the six months ended March 31, 2011.
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USITC to Continue Cases on Galvanized Steel Wire from China, Mexico
May 17, 2011 - The United States International Trade Commission has determined that there is a reasonable indication that a U.S. industry is materially injured by reason of imports of galvanized steel wire from China that are allegedly subsidized, and from China and Mexico that are allegedly sold in the U.S. at less than fair value.
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Northwest Pipe Reports Q1 2011 Results
May 11, 2011 - Northwest Pipe has filed its first-quarter Quarterly Report on Form 10-Q with the SEC, in which it reported net income of $3.6 million on sales of $111.5 million.
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Nucor’s Stratman Appointed AIST President for 2011–2012
May 6, 2011 - The Association for Iron & Steel Technology announced the appointment of R. Joseph Stratman, Executive Vice President, Nucor Corp., as President of AIST for 2011–2012. The Association also announced its new executive committee and board of directors.
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Gibraltar Reports First Quarter Results
May 5, 2011 - Gibraltar Industries reported GAAP income from continuing operations of $1.4 million on net sales of $163.6 million for the first quarter ended March 31, 2011.
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SMDI Honors Heimbuch for Auto/Steel Partnership Role
May 5, 2011 - The Steel Market Development Institute announced Dr. Roger Heimbuch as recipient of the 2011 Market Development Industry Leadership Award for his work in the Auto/Steel Partnership as well as his contributions to increasing the use of AHSS in the automotive marketplace.
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Steel Import Permits up 7% in April
May 5, 2011 - Steel import permit applications reached 2,626,000 net tons for the month of April, a 7% increase from the 2,455,000 permit tons recorded in March according to the latest report from AISI.
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ThyssenKrupp Makes Donation for Alabama Disaster Relief
May 4, 2011 - ThyssenKrupp Steel USA is donating $10,000 on behalf of its team to the Alabama Gulf Coast Red Cross Chapter earmarked specifically for disaster relief efforts in northern Alabama as a result of recent tornadoes.
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Carpenter Technology to Expand Reading Facility
May 3, 2011 - Carpenter Technology Corp. announced a significant expansion project at its Reading, Pa., facility that will allow for the installation of two additional Electroslag Remelting Furnaces and increase capacity for Forge Finishing and Annealing operations.
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TMK Ipsco Breaks Ground on R&D Center
May 3, 2011 - TMK Ipsco has broken ground on a new 51,000 square-foot Research & Development Center in Houston, Tex., that will house its innovation initiatives, including new product design and development, experimental and validation testing, and advanced metallurgical research.
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Allegheny Technologies Announces Chairman, Executive Appointments
May 2, 2011 - Allegheny Technologies Inc. announced that Richard J. Harshman, 54, has officially taken over as Chairman, President and Chief Executive Officer of ATI succeeding L. Patrick Hassey who has retired. The company also announced a number of executive title changes.
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Universal Stainless Reports First Quarter 2011 Results
Apr. 29, 2011 - Universal Stainless & Alloy Products, Inc. reported that sales for the first quarter of 2011 were $59.8 million, an increase of 72% from the first quarter of 2010 and up 16% from the 2010 fourth quarter. Net income for the first quarter was more than triple the level of last year's first quarter and up 25% from the fourth quarter of 2010.
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Preliminary Steel Imports Rebound 33% in March
Apr. 28, 2011 - The U.S. imported a total of 2,446,000 net tons of steel in March, up 33% from February final data according to the latest report from AISI. Finished steel imports increased 29% over the same period.
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Schnitzer Acquires American Metal Group of San Jose
Apr. 25, 2011 - Schnitzer Steel Industries has acquired substantially all of the assets of American Metal Group, Inc. and certain of its affiliates which operate from facilities in San Jose and Santa Clara, Calif.
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Timken Recycles 1.6 Million Tons of Scrap Metal in 2010
Apr. 22, 2011 - In 2010, The Timken Co. transformed 1.6 million tons of scrap metal into Timken® steel, which is made from nearly 100% recycled content, including 350,000 tons of recycled scrap metal from Timken operations.
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U.S., Canadian Metals Shipments Hold Steady in March
Apr. 20, 2011 - March shipments of steel and aluminum products from U.S. and Canadian metals service centers showed continued steady growth from the previous year, according to MSCI’s latest Metals Activity Report.
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February Steel Shipments Down 7.5% from January
Apr. 19, 2011 - U.S. steel mills shipped 6,967,481 net tons for the month of February 2011, a 7.5% decrease from the 7,528,655 net tons shipped in the previous month, according to the latest report from AISI.
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Steel Dynamics Names Millett President and COO
Apr. 15, 2011 - Steel Dynamics, Inc.’s board of directors has approved the appointment of Mark D. Millett to the new position of President and Chief Operating Officer, effective immediately. Richard P. Teets Jr. will continue as Executive Vice President and President and COO of Steelmaking.
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ThyssenKrupp Starts Coated Production
Apr. 15, 2011 - ThyssenKrupp Steel USA recently started production of its first coated prime coil on hot dip galvanizing line (HDGL) number 1. The HDGL lines are the last of the carbon steel start-up’s mills to begin production.
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Mesabi Trust Declares Distribution
Apr. 14, 2011 - The Trustees of Mesabi Trust have declared a distribution of five cents per Unit of Beneficial Interest payable on May 20, 2011 to Mesabi Trust unitholders of record at the close of business on April 30, 2011.
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Cliffs Wins Approval for Consolidated Thompson Acquisition
Apr. 14, 2011 - The Minister of Industry has approved Cliffs Natural Resources’ proposed acquisition of Consolidated Thompson Iron Mines Limited, under the Investment Canada Act, on the basis that the transaction is likely to be a net benefit to Canada.
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RG Steel Announces Executive Appointments
Apr. 13, 2011 - RG Steel President and CEO V. John Goodwin announced four key executive appointments including Chief Financial Officer, Chief Commercial Officer, Chief Administrative Officer, and Chief Operating Officer.
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AIST Foundation Secures $1,000,000 in Funding
Apr. 12, 2011 - The AIST Foundation board of trustees has raised more than $1,000,000 during the 2010–2011 academic year in support of its mission to ensure the iron and steel industry of tomorrow will have a sufficient number of qualified professionals.
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Latrobe Specialty Steel to Expand in Wauseon
Apr. 8, 2011 - Latrobe Specialty Steel will use a Contingency Grant recently awarded by the Ohio Department of Development to purchase and install technologically advanced hydrogen atmosphere furnaces at its Wauseon, Ohio, facility.
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ALJ Releases Second Quarter Revenue Performance
Apr. 8, 2011 - ALJ Regional Holdings, the parent company of Kentucky Electric Steel, reported revenues of $40.3 million for the second quarter and revenue of $73.0 million for the six months ended March 31, 2011.
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Steel Import Permits Up 24% in March
Apr. 7, 2011 - Steel import applications reached a total of 2,378,000 net tons for the month of March, a 24% increase from the 1,914,000 permit tons recorded in February according to the latest report from AISI.
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RG Steel Plans for Restart of Former Severstal Facilities
Apr. 4, 2011 - RG Steel completes its stock purchase of three U.S. assets from Severstal US Holdings, LLC. Employees are being recalled to the Sparrows Point facility, with the blast furnace scheduled to become operational in May.
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Stainless, Specialty Imports Finish 2010 Nearly 70% Above 2009
Mar. 25, 2011 - Total stainless imports reached 662,695 tons in YTD December 2010, a 69.6% increase compared to the comparable year-ago period, according to the latest report from SSINA. Total specialty imports reached 842,055 tons through the same period, a 70.4% increase compared to last year.
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Commercial Metals Sees Improved Outlook
Mar. 23, 2011 - Commercial Metals Co. reported a net loss of $46.2 million for the second quarter and a net loss of $45.5 million for the six months ended February 28, 2011.
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World Crude Steel Production Dips Slightly in February 2011
Mar. 22, 2011 - World crude steel production for the 66 countries reporting to World Steel Association stood at an estimated 117 million tonnes for February 2011, 2.4% lower than the previous month (January 2011) and 8.8% higher in comparison with February 2010.
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January Steel Shipments up 5.9% from December
Mar. 18, 2011 - U.S. steel mills shipped 7,528,655 net tons for the month of January 2011, a 5.9% increase from the 7,111,031 net tons shipped in the previous month according to the latest report from AISI.
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U.S., Canadian Metals Shipments Growth Rate Declined in February
Mar. 17, 2011 - Inventory-to-sales ratios for steel and aluminum products rose in February at North American metals service centers, although shipments of those products rose at lower growth rates than in January, according to MSCI’s latest Metals Activity Report.
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Ryerson Acquires Singer Steel
Mar. 16, 2011 - Ryerson Inc. has acquired Singer Steel Co., a value-added flat rolled steel processor based in Streetsboro, Ohio.
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Metals USA Acquires The Richardson Trident Company
Mar. 14, 2011 - Metals USA Holdings has closed its acquisition of The Richardson Trident Company, including its eight processing centers located in Texas, Oklahoma, Georgia, California, and Massachusetts.
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Harsco's Metals Group Renews Two Key Mexican Contracts
Mar. 14, 2011 - Harsco Metals group has been awarded two key multi-year contract renewals from Ternium Mexico. The contracts extend Harsco's ongoing relationships at Ternium's two Monterrey operations, Guerrero and Apodaca.
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AISI Launches New Network of Steel Websites
Mar. 9, 2011 - AISI has launched a new network of websites combining a redesign for steel.org, launch of the brand-new smdisteel.org website, and a totally new face for North American steel recycling at recycle-steel.org.
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Stainless, Specialty Imports Continue to Climb through YTD November 2010
Mar. 4, 2011 - Total stainless imports reached 598,182 tons in YTD November 2010, a 71.7% increase compared to the comparable year-ago period, according to the latest report from SSINA. Total specialty steel imports reached 763,015 tons through the same period, a 72.5% increase compared to the comparable year-ago period.
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Steel Import Permits Down 13% in February
Mar. 3, 2011 - Steel import applications reached a total of 1,815,000 net tons net tons for the month of February, a 13% decrease from the 2,081,000 permit tons recorded in January according to the latest report from AISI.
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Don B. Daily Memorial Fund to Promote Steel Industry Safety and Health
Mar. 3, 2011 - SMA and the AIST Foundation are partnering to commemorate the life and industry service of Don B. Daily by establishing the Don B. Daily Memorial Fund to promote a safe workplace for the steel manufacturing industry and to increase the number of students studying health and safety awareness in manufacturing.
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Shale-Inland Acquires Main Steel Polishing
Mar. 2, 2011 - Shale-Inland CEO and Chairman of the Board, Craig T. Bouchard, announced Shale-Inland's acquisition of 100% of the stock of Main Steel Polishing Co., Inc.
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Lakeside Steel to Add Processing Capability in Welland
Feb. 28, 2011 - Lakeside Steel announced plans to add additional thermal processing capabilities to its Welland, Ont., Lakeside Steel facility, enabling it to ship fully end-finished and normalized tubing products to oil country customers in the U.S, and Canada.
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SMS Logistiksysteme to Supply Packaging Line for PRO-TEC
Feb. 28, 2011 - PRO-TEC Coating Company, Inc. has placed an order with SMS Logistiksysteme, Germany, for the supply of a fully automated large-coil packaging system. The system will support the facility’s new continuous anneal line and recoiling line.
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Dietrich and ClarkWestern to Form Joint Venture
Feb. 23, 2011 - Worthington Industries reaches agreement in principle with Marubeni-Itochu Steel America to combine Dietrich Metal Framing and ClarkWestern Building Systems in a newly-formed joint venture. Worthington will acquire a 25% interest in the new joint venture.
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World Crude Steel Production Continues Rise in January 2011
Feb. 22, 2011 - World crude steel production for the 66 countries reporting to the World Steel Association stood at an estimated 119 million tonnes for January 2011 — 2.8% higher than the previous month (December 2010) and 5.3% higher in comparison with January 2010.
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Steel Technologies to Acquire NuPro Steel
Feb. 17, 2011 - Steel Technologies LLC has signed a Memorandum of Understanding to acquire the business and certain assets of Crawfordsville, Ind.-based NuPro Steel, LLC.
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Nucor Awards Tenova HYL Contract for World’s Largest DR Plant
Feb. 17, 2011 - Nucor has signed a contract with Tenova HYL for the world’s largest single DR module ever to be constructed. The 2.5 million ton per year, Louisiana-based Energiron ZR plant will supply DR to Nucor’s other steelmaking facilities.
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December Steel Shipments up 8.6% from November
Feb. 17, 2011 - U.S. steel mills shipped 7,111,031 net tons for the month of December 2010, an 8.6% increase from the 6,549,025 net tons shipped in the previous month and a 17.8% increase from the 6,034,538 net tons shipped in December 2009, according to the latest report from AISI.
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Chinese Boron-Added Plate Held Subject to Antidumping Order
Feb. 17, 2011 - The Department of Commerce has issued an affirmative preliminary circumvention ruling determining that Chinese imports of cut-to-length carbon steel plate that include insignificant amounts of boron are subject to the antidumping duty order on CTL plate.
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Worthington Industries, Gestamp to Form Wind Tower JV
Feb. 16, 2011 - Worthington Energy Group has signed a memorandum of understanding with Gestamp Renewables group to create a 50-50 joint venture that will focus on producing towers for wind turbines being constructed in the North American market.
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PSI Metals Establishes Subsidiary in the USA
Feb. 14, 2011 - PSI has founded PSI Metals North America, which will support PSI customers in Canada and the USA from its location in Pittsburgh and at the same time strengthen sales activities in North America.
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Republic Engineered Products Expands Capacity at Lackawanna, Canton
Feb. 11, 2011 - Republic Engineered Products announced that its new $20-million precision sizing mill at Lackawanna rolling operation is fully operational. The company also has begun using additional capacity at its Canton FlexCast Facility to produce 9.75- X 7.50-inch blooms.
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Tenova Core Contracted for Material Handling System
Feb. 10, 2011 - Tenova Core receives additional contract from Armstrong World Industries to provide a complete material handling feed system for the new 12.5-MVA submerged arc furnace at Armstrong’s new Millwood, W.Va., facility.
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November Steel Shipments Down 1.2% from October
Feb. 8, 2011 - U.S. steel mills shipped 6,549,025 net tons for the month of November 2010, a 1.2% decrease from the 6,629,195 net tons shipped in October 2010, and a 20.7% increase from the 5,424,077 net tons shipped in November 2009, according to the latest report from AISI.
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USITC to Conduct Full Sunset Reviews on CTL Steel Plate from Five Countries
Feb. 7, 2011 - The U.S. ITC has voted to conduct full five- year "sunset" reviews on countervailing duty orders on cut-to-length carbon steel plate from India, Indonesia, Italy, and Korea, and antidumping duty orders on cut-to-length carbon steel plate from India, Indonesia, Italy, Japan, and Korea.
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U. S. Steel Announces Management Changes in North America, Europe
Feb. 4, 2011 - United States Steel announced several management changes at its North American and European operations, including the appointment of Malisa J. Sommers to the position Managing Director – Transportation and President of Transtar, Inc., U. S. Steel's transportation subsidiary.
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Northwest Pipe to Expand Atchison Tubular Facility
Feb. 3, 2011 - Northwest Pipe Co. announced plans to expand its Atchison, Kan., mill facility. The expansion will increase the facility’s production capacity by more than 50%, improve productivity and enable the Group to produce product up to 0.375 inch wall.
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Metals USA Reports 2010 Year-End Results
Feb. 2, 2011 - Metals USA Holdings Corp. reported net income of $3.1 million on net sales of $323.9 million for the fourth quarter and net income of $11.5 million on net sales of $1,292.1 million for the year ended December 31, 2010.
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AIST Presents 2010 Reliability Achievement Awards
Feb. 2, 2011 - AIST recently presented the 2010 Gold, Silver and Bronze Reliability Achievement Awards at a joint meeting of the Maintenance and Reliability, Hot Sheet Rolling and Rolls Technology Committees in Mobile, Ala.
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Nucor Reports 4th Quarter, Full Year 2010 Results
Jan. 28, 2011 - Nucor Corp. reported a consolidated net loss of $11.4 million on consolidated net sales of $3.85 billion for the fourth quarter and consolidated net earnings of $134.1 million on consolidated net sales of $15.84 billion for the full year 2010.
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Nucor Announces New Development in St. James Parish Project
Jan. 28, 2011 - The Louisiana Department of Environmental Quality has issued an air quality permit for Nucor Corp.’s direct reduced iron making facility that will be located in St. James Parish, La. The facility could ultimately lead to construction of a coke plant, blast furnace, pellet plant and steel mill.
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Preliminary 2010 Steel Imports up 47% vs. 2009
Jan. 26, 2011 - The U.S. imported a total 1,811,000 net tons of steel in December, up 1% from November final data, according to the latest report from AISI. The total included 1,445,000 net tons of finished steel, down 3% from November final data.
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AK Steel Reports Q4, Full-Year 2010 Results
Jan. 26, 2011 - AK Steel reported a net loss of $98.3 million on net sales of $1,390.6 million for the fourth quarter, and a net loss of $128.9 million on net sales of $5,968.3 million for the full year 2010.
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U.S. Steel Reports 2010 4th Quarter, Full-Year Results
Jan. 26, 2011 - United States Steel Corp. reported a net loss of $249 million on net sales of $4.3 billion for the fourth quarter, and a net loss of $482 million on net sales of $17.37 billion for the full year 2010.
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YTD Stainless, Specialty Imports Holding Steady through October
Jan. 24, 2011 - Total stainless steel imports reached 532,053tons in YTD October 2010, a 72.3% increase compared to the comparable year-ago period according to the latest report from SSINA. Total specialty steel reached 677,843tons through the same period, a 71.2% increase compared to the comparable year-ago period.
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2010 World Crude Steel Production Finishes 15% Ahead of 2009
Jan. 24, 2011 - World crude steel production for the 66 countries reporting to the World Steel Association stood at an estimated 116.2 million tonnes in December 2010 — a 1.3% increase from the previous month (November 2010). Full-year production, at 1395.46 million tonnes, reflects a 15.2% increase over 2009.
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Evraz to Relocate North American Headquarters to Chicago
Jan. 21, 2011 - Evraz Inc. NA will relocate its headquarters to Chicago, Ill., this June, saying the new location offers logistical advantages that will provide easier access to customers, manufacturing operations and its employees across North America.
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Severstal Wins Patent Infringement Lawsuit
Jan. 20, 2011 - Severstal North America has achieved a favorable decision in the patent infringement lawsuit by ArcelorMittal France and ArcelorMittal Atlantique et Lorraine regarding technologies used in the production of aluminum-coated, boron-bearing carbon steel for high-strength automotive applications.
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U. S. Steel Announces Management Appointments
Jan. 20, 2011 - United States Steel announces three management appointments in its supply chain organization effective immediately, including the appointment of new General Managers for Customer Service and Logistics Service, as well as filling the newly created role of General Manager – Delivery Performance & Processed Products.
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U.S., Canadian Metals Shipments Rebounded in 2010
Jan. 20, 2011 - Shipments of steel and aluminum from U.S. and Canadian metals service centers rebounded during 2010 vs. the depressed volumes of 2009, according MSCI’s just-released Metals Activity Report for December 2010.
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SunCoke Energy Buys Affiliated Virginia Coal Companies
Jan. 18, 2011 - SunCoke Energy has purchased Harold Keene Coal Co., Inc., as well as affiliated entities and their related assets for approximately $40 million in cash, including working capital. Coal reserve estimates for the assets of the entities being purchased total at least 16 million tons, with final estimates to be confirmed by a reserve study that is currently underway.
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AK Steel Wins Patent Suit for Special Automotive Steels
Jan. 18, 2011 - AK Steel reports it has prevailed in a patent infringement lawsuit by two French units of ArcelorMittal regarding aluminum-coated, boron-bearing carbon steels, used primarily for high-strength automotive applications.
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OSHA Cites U.S. Steel, Power Piping Following July 2010 Explosion
Jan. 14, 2011 - OSHA has cited U.S. Steel Corp. and Power Piping Co. with safety citations for failing to provide an effective energy control procedure and exposing workers to burns following an explosion at U.S. Steel's Clairton Coke Works facility in July 2010.
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Cliffs Enters Agreement to Acquire Consolidated Thompson Iron Mines
Jan. 12, 2011 - Cliffs Natural Resources has entered into a definitive arrangement agreement to acquire all of Consolidated Thompson Iron Mines Ltd.'s common shares in an all-cash transaction valued at approximately $4.9 billion Canadian dollars (including net debt), or C$17.25 per share.
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Cargill, Magnetation to Jointly Establish Iron Recovery Operations
Jan. 7, 2011 - Cargill and Magnetation reach an agreement to jointly explore opportunities to develop and utilize Magnetation's proprietary mineral processing technology. The technology allows mining operators to recover a marketable, high-grade iron ore concentrate from low-grade hematite iron deposits.
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Worthington Reports 2nd Quarter Fiscal 2011 Results
Jan. 6, 2011 - Worthington Industries reported net earnings of $14.5 million on net sales of $580.7 million for its fiscal 2011 second quarter, and net earnings of $36.8 million on net sales of $1198 million for the six months ended November 30, 2010.
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Steel Import Permit Tons Hold Steady through December
Jan. 6, 2011 - Steel import permit applications reached a total of 1,814,000 net tons for the month of December, a 0.4% decrease from the 1,808,000 permit tons recorded in November according to the latest report from AISI.
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Essar Steel Algoma to Make True-Up Payment for Iron Ore
Jan. 6, 2011 - Essar Steel Algoma is making a US $129 Million true-up payment to its iron ore supplier. The amount represents the difference between amounts invoiced in 2010 and the amounts due under the recent arbitration award with respect to a pricing dispute.
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Schnitzer Acquires State Line Scrap
Jan. 5, 2011 - Schnitzer Steel Industries, Inc. has entered into a definitive agreement to acquire the assets of Attleboro, Mass.-based State Line Scrap Co., Inc. and certain of its affiliates.
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ATI Announces Pricing of Senior Notes Offering
Jan. 5, 2011 - Allegheny Technologies Inc. has priced its public offering of senior notes due 2021. Net proceeds will help to finance the cash portion of the merger consideration for the company’s acquisition of Ladish.
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Carpenter Technology Acquires Amega West Services
Jan. 4, 2011 - Carpenter Technology expands its reach in the oil & gas market with the acquisition of Amega West Services, LLC, a manufacturer and service provider of complex components for directional drilling equipment, for approximately $54 million.
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Ferriola Named Nucor President and COO
Jan. 4, 2011 - Nucor’s Board of Directors has appointed John J. Ferriola President and Chief Operating Officer, effective January 1, 2011. Daniel R. DiMicco will continue to serve as Nucor's Chairman and Chief Executive Officer.
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ALJ Announces Results for Fiscal Year 2010
Jan. 3, 2011 - ALJ Regional Holdings, Inc., the parent company of Kentucky Electric Steel, posted net income of $472,000 on net sales of $32.37 million for the fourth quarter, and net income of $5.69 million on net sales of $112.83 million for the fiscal year ended September 30, 2010.
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Timken Acquires City Scrap and Salvage
Jan. 3, 2011 - Timken subsidiary TSB Metal Recycling LLC has purchased the assets of City Scrap and Salvage Co. of Akron, Ohio. City Scrap has been supplying Timken with ferrous scrap for more than 15 years.
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Preliminary Steel Imports Dip 5% in November
Dec. 30, 2010 - The U.S. imported a total of 1,784,000 net tons of steel in November, down 5% from October final data according to the latest report from AISI. Finished steel imports were down 6% over the same period.
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Horsehead Zinc Smelter Returns to Full Production
Dec. 22, 2010 - Horsehead Corp. has restarted a sixth zinc smelting furnace at its facility in Monaca, Pa., returning the smelter to full production. The company expects to return to pre-incident zinc oxide production capability at its refinery in early January 2011.
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Commercial Metals Reports First Quarter Results
Dec. 22, 2010 - Commercial Metals Co. reported net income of $0.7 million or $0.01 per diluted share on net sales of $1.8 billion for the quarter ended November 30, 2010. This compares with a net loss of $31.2 million or $0.28 per share on net sales of $1.4 billion for the first quarter of last year.
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Insteel Industries Consolidates Northeast Facilities
Dec. 20, 2010 - Insteel Industries, Inc. is closing its facility in Wilmington, Del., and moving the manufacturing to its Hazleton, Pa., plant. The company anticipates that operations at the Wilmington facility will cease by the end of March 2011 and the equipment will be redeployed to other Insteel locations.
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Essar Steel Algoma to Vacate Arbitration Decision with Cliffs
Dec. 20, 2010 - An Arbitration Panel has decided in favor of Cliffs Mining Co. regarding an iron ore pricing dispute between Essar Steel Algoma and Cleveland Cliffs. Essar Steel Algoma intends to file a court application to vacate the award on the basis that the Arbitration Panel exceeded its jurisdiction.
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October Steel Shipments down 7.2% from September
Dec. 17, 2010 - U.S. steel mills shipped 6,629,195 net tons for the month of October 2010, a 7.2% decrease from the previous month’s shipments and an 8.7% increase from the 6,097,348 net tons shipped in October 2009, according to the latest report from AISI.
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Metal Shipments Rise Sharply in November
Dec. 17, 2010 - North American metals service center shipments of steel and aluminum products rose significantly in November, perhaps signaling the beginning of a sturdier recovery for the metals industry, according to the latest Metals Activity Report from the Metals Service Center Institute.
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Steel Dynamics Declares Quarterly Cash Dividend, Provides Q4 Guidance
Dec. 17, 2010 - Steel Dynamics' board of directors has declared a quarterly cash dividend of $0.075 per common share, payable on or about January 14, 2011. The company also expects fourth quarter earnings per diluted share, before certain asset impairment charges related to its fabrication operations, to be in the range of $0.05 to $0.10.
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Nucor Announces Guidance for Q4 Earnings
Dec. 17, 2010 - Nucor Corp. announced guidance for its fourth quarter ending December 31, 2010, which supports the company’s qualitative guidance from late October that "the fourth quarter may indeed turn out to be the most challenging quarter of the year." The company expects Q4 results to be in the range of a loss of $0.10 to $0.15 per diluted share.
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Schnitzer Steel to Acquire Steel Pacific Recycling
Dec. 16, 2010 - Schnitzer Steel Industries, Inc. has entered into a definitive agreement to acquire substantially all of the assets of Selkirk Recovery, Inc., doing business as Steel Pacific Recycling, of Duncan, British Columbia.
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YTD Stainless, Specialty Imports up More than 70% through September
Dec. 15, 2010 - Total stainless steel imports reached 463,783 tons in YTD September 2010, a 72.6% increase compared to the comparable year-ago period according to the latest report from SSINA. Total specialty steel — stainless, alloy tool and electrical steel — reached 593,200 tons through the same period, a 69.9% increase.
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Tube Cutting Facility Opens at Ohio Laser
Dec. 14, 2010 - Ohio Laser LLC has opened a new dedicated laser tube cutting and laser pipe cutting facility on its ISO-9001:2008 manufacturing campus. The standalone building is suitable for producing racks, frames, trusses, supports, manifolds, and other items made from cut tubes and other metal fabrications.
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ThyssenKrupp Rolling Mill in U.S. Features Converteam Technology
Dec. 14, 2010 - Converteam supplied the new ThyssenKrupp steel rolling mill in Alabama with complete electrical systems—1250 drive systems, basic and process automation—for the carbon steel cold rolling and processing plant and for a set of stainless steel cold rolling mills.
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ArcelorMittal Receives Regulatory Approvals to Acquire Baffinland Iron Mines
Dec. 14, 2010 - ArcelorMittal received a "no action" letter from the Commissioner of Competition under the Competition Act (Canada) confirming that it does not intend to challenge ArcelorMittal’s acquisition of Baffinland. There are no further conditions outstanding with respect to regulatory approvals.
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U. S. Steel Makes Additional Management Appointments in North America
Dec. 14, 2010 - United States Steel Corp. announced several appointments in its North American operations unit effective Jan. 1, 2011, including naming Scott H. Coleman as General Manager of Great Lakes Works, U. S. Steel's integrated steelmaking facility in Ecorse and River Rouge, Mich.
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ThyssenKrupp Stainless USA to Begins Construction of EAF Meltshop
Dec. 13, 2010 - ThyssenKrupp AG Executive Board Chairman Dr. Ekkehard Schulz announces that construction is set to begin on a new stainless slab meltshop for ThyssenKrupp Stainless USA. The shop will comprise a 160-ton EAF, 180-ton AOD converter, and 72-inch continuous slab caster.
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ThyssenKrupp Opens Steelmaking and Processing Plant in Alabama
Dec. 13, 2010 - Following three years of construction, the new steelmaking and processing plant of ThyssenKrupp Steel USA and ThyssenKrupp Stainless USA has officially opened in Alabama. ThyssenKrupp invested US$5 billion in the overall complex, $3.6 billion for the carbon flat steel facilities and $1.4 billion for the stainless area.
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Pro-Tec Selects Quaker Chemical as Supplier of the Year
Dec. 10, 2010 - Pro-Tec Coating Co. has awarded its Supplier of the Year Award to Quaker Chemical Corp. for demonstrating superior service, offering technical expertise, and supplying Pro-Tec with quality cleaning products and hydraulic fluids.
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Logan Aluminum to Resolve Allegations of Clean Air Act Violations
Dec. 9, 2010 - The Department of Justice, on behalf of the U.S. EPA, and the Commonwealth of Kentucky have filed a complaint and entered into a consent decree with Logan Aluminum Inc. to settle alleged violations of the Clean Air Act’s National Emission Standards for Hazardous Air Pollutants for Secondary Aluminum Production occurring at the company’s Russellville, Ky., facility.
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Timken Names New Leader of Global Quality
Dec. 9, 2010 - The Timken Co. has named Russell F. Folger as Vice President – Quality Advancement. He assumes the leadership role formerly held by Donna J. Demerling, who retires at the end of December after 38 years with the company.
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Leadership Change at Steel Recycling Institute
Dec. 9, 2010 - The Steel Market Development Institute announced that Steel Recycling Institute (SRI) President William M. (Bill) Heenan Jr. is stepping down due to health reasons. Gregory L. Crawford has been appointed Executive Director of the SRI effective Dec. 1, 2010, succeeding Heenan.
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Nucor Announces Increase in Cash Dividend
Dec. 9, 2010 - Nucor’s Board of Directors has increased the regular quarterly cash dividend on the company's common stock to $0.3625 per share from $0.36 per share.
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OSHA Fines Republic Engineered Products
Dec. 8, 2010 - The U.S. Department of Labor's Occupational Safety and Health Administration has issued Republic Engineered Products Inc. two willful and four serious citations for exposing its workers to fall hazards and failing to maintain equipment and walkways at its Canton, Ohio, facility.
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Reliance Acquires Lampros Steel Assets
Dec. 6, 2010 - Reliance Steel & Aluminum has acquired the outstanding capital stock of Lampros Steel and a related interest in Lampros Steel Plate Distribution LLC.
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AK Steel Honors Women for Courage, Leadership
Dec. 6, 2010 - The AK Steel Foundation is underwriting the Steel Magnolia Awards, honoring eight women who reside in the vicinity of AK Steel's corporate headquarters and plant operations, and who have made a difference in others’ lives.
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U. S. Steel, Kobe Announce Capital Investment for Pro-Tec Coating
Dec. 3, 2010 - United States Steel Corp. and Kobe Steel, Ltd. have reached an agreement for their joint venture, Pro-Tec Coating Co. in Leipsic, Ohio, to begin construction on a continuous annealing line at the facility. Completion of the project is estimated at 24 months.
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U. S. Steel’s Goodish to Retire; Executive Transitions Announced
Dec. 3, 2010 - United States Steel Corp. announced that Executive Vice President and Chief Operating Officer John H. Goodish has elected to retire effective Dec. 31, 2010, after 40 years of service with the company. The company announced several executive transitions effective Jan. 1, 2011, following Goodish's retirement.
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Steel Import Permits Dip 11% in November
Dec. 2, 2010 - Steel import permit applications reached a total of 1,672,000 net tons for the month of November, an 11% decrease from the 1,870,000 permit tons recorded in October according to the latest report from AISI.
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Ryerson to Open Plate Processing Center in Iowa
Nov. 30, 2010 - Ryerson announced plans to open a plate processing center in Iowa capable of a range of process including laser cutting, plasma and oxy-fuel burning, robotic beveling, plate blasting, machining and press brake bending.
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Universal Stainless Reports Death of Founder Mac McAninch
Nov. 30, 2010 - Universal Stainless & Alloy Products, Inc. reported that its founder and recently retired Chairman, Clarence ("Mac") McAninch, passed away on November 27. McAninch founded Universal Stainless in 1994 by joining with a small group of investors to acquire the idled Stainless & Alloy Products Division of Armco Inc., in Bridgeville, Pa.
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U. S. Steel Announces Management Changes
Nov. 30, 2010 - United States Steel has named Mark G. Tabler as Vice President-Operations at U. S. Steel Kosice. Tabler succeeds Patrick J. Mullarkey, who was recently named President of United Spiral Pipe, the company's large-diameter spiral welded pipe manufacturing joint venture. James F. Dudek will succeed Tabler as Plant Manager-Clairton Plant.
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World Crude Steel Production Continues to Climb through October
Nov. 22, 2010 - World crude steel production for the 66 countries reporting to the World Steel Association stood at an estimated 117.56 million tonnes in October 2010 — a 5.2% increase from the previous month (September 2010) and a 2.4% increase vs. October 2009.
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YTD Specialty Steel Imports up More than 75% through August
Nov. 19, 2010 - Total stainless steel imports reached 414,880 tons in YTD August 2010, a 76.6% increase compared to the comparable year-ago period according to the latest report from SSINA. Total specialty steel reached 527,245 tons through the same period, up 71.1%.
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Allegheny Technologies to Acquire Ladish
Nov. 18, 2010 - Allegheny Technologies Inc. (ATI) and Ladish Co., Inc. have entered into a definitive merger agreement whereby ATI will acquire Ladish for an aggregate fully distributed equity value of approximately $778 million. The transaction is expected to be completed in early 2011.
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September Steel Shipments down 1.2% from August
Nov. 17, 2010 - U.S. steel mills shipped 7,140,369 net tons for the month of September 2010, a 1.2% decrease from the previous month’s shipments and a 23.3% increase from the 5,792,608 net tons shipped in September 2009, according to the latest report from AISI.
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Metal Shipments Continue Growth Trend in October
Nov. 17, 2010 - North American metals service center shipments continued to increase at robust rates in October, according to the Metals Activity Report from the Metals Service Center Institute. Inventory-to-sales ratios remained stable for both steel and aluminum in the U.S. and Canada.
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AK Steel Receives Environmental Award from Honda
Nov. 16, 2010 - AK Steel has received Honda's Green Factory Environmental Achievement Award in the category of Conservation of Natural Resources. The award recognizes the company’s ongoing environmental restoration efforts at its steel plant in Coshocton, Ohio.
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Praxair Technology Helps ArcelorMittal Win AIST Award
Nov. 11, 2010 - Praxair, Inc. announced that its Dilute Oxygen Combustion (DOC) technology, installed at ArcelorMittal in Indiana, contributed to the steelmaker receiving the 2010 Energy Achievement Award from the Association for Iron & Steel Technology (AIST).
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Algoma’s Plastino Announces Retirement
Nov. 11, 2010 - Essar Steel Algoma Chief Executive Officer Armando Plastino has announced his intention to retire effective November 30, 2010. Plastino has over 38 years of service to the company.
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Severstal NA to Increase Flat Rolled Prices
Nov. 10, 2010 - Severstal NA announced plans to increase prices immediately by a minimum of $40 per ton for all hot rolled, cold rolled, and galvanized products. The company also is planning to revise pricing for all new orders promised for January 1, 2011 and later.
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Olympic Steel Orders Temper Mill, Cut-to-Length Line for Gary Site
Nov. 10, 2010 - Olympic Steel, Inc. has signed agreements to purchase a new temper mill and cut-to-length line; the company plans to locate it on U.S. Steel’s Gary Works facility in Gary, Ind. The temper mill equipment is expected to be operational in the first half of 2012.
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AIST Presents Don B. Daily Safety Award to Gerdau Manager
Nov. 10, 2010 - AIST and its Safety and Health Technology Committee presented the 2010 Don B. Daily Safety Award to Matt D. Moore, Manager – Gerdau Ameristeel Cartersville, for his presentation, “Leveraging Near Misses into Improved Performance.”
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Severstal Extends Idling of Sparrows Point Mill Operations
Nov. 10, 2010 - Severstal North America is extending the idling of its primary and hot mill operations at the company’s Sparrows Point Mill through the first quarter of 2011. Sparrows Point will continue to provide product to a limited number of its cold-roll and coated-products customers.
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OSHA Fines Republic Engineered Products
Nov. 9, 2010 - The U.S. Department of Labor's Occupational Safety and Health Administration has cited Republic Engineered Products Inc. with one alleged willful, four repeat, and eight serious safety violations for exposing its workers to fall hazards, failing to provide protective equipment, and failing to maintain equipment at its Lorain, Ohio, facility.
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Canadian Steelworkers Critical of U.S. Steel Lockout
Nov. 9, 2010 - U.S. Steel recently locked out 900 workers at its Hamilton Works facility for refusing “major, unilateral contract concessions,” according to Canadian steelworkers. The cuts include pension changes that also would affect 9000 retired workers receiving pensions.
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Mill Steel to be Honored on National Philanthropy Day
Nov. 5, 2010 - Mill Steel Co. will be honored by the West Michigan Chapter of the Association of Fundraising Professionals on Nov. 9—National Philanthropy Day—for its long-term partnership with D.A. Blodgett – St. John’s Big Brother Big Sister mentoring programs. The company is being honored in the “Outstanding Corporation” category.
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Steel Tube Institute Announces HSS Product Certification Program
Nov. 5, 2010 - The Steel Tube Institute of North America is establishing an industry-wide, structural steel tubing (HSS) Product Certification Program designed to provide assurance that certified tubing has been produced to, and tested to meet, ASTM standards.
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Keystone Reports Third Quarter 2010 Results
Nov. 5, 2010 - Keystone Consolidated Industries, Inc. reported net income of $2.3 million, or $0.19 per diluted share, in the third quarter of 2010 as compared to net income of $5.9 million, or $0.48 per diluted share, in the third quarter of 2009.
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Lakeside Steel Reports Q2 Results
Nov. 4, 2010 - For the three months ended September 30, 2010, Lakeside Steel Inc. reported revenue of $66,485,859, a 273% increase compared to $17,812,672 for the same period in 2009, and an increase of $4,282,994, or 7%, compared to the previous quarter ended June 30, 2010.
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Steel Import Permits Down 13% in October
Nov. 4, 2010 - Steel import permit applications reached a total of 1,812,000 net tons for the month of October, a 13% decrease from the 2,075,000 permit tons recorded in September, according to the latest report from AISI.
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Cliffs Ranks in Top 100 for Sustainability
Nov. 3, 2010 - Cliffs Natural Resources Inc. was named to the Global 1000 Sustainable Performance Leaders, achieving an overall ranking of 97 among other publicly traded global companies. It also ranked fourth among the 64 companies recognized in the Metals and Mining category.
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Northland Signs Off-take Agreement with Tata Steel
Nov. 3, 2010 - Northland Resources S.A. has concluded a long-term off-take agreement with Tata Steel UK Ltd. for a total of 6 million tonnes of iron ore concentrate from the Kaunisvaara Iron Ore Project in northern Sweden. Production is scheduled to begin in 2012.
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Russel Metals Reports Q3 2010 Net Earnings
Nov. 3, 2010 - Russel Metals Inc. announced third-quarter earnings of $17 million, or $0.28 per share, compared with $0.31 per share for the second quarter of 2010 and $0.21 per share for the 2009 third quarter. For the nine months ended September 30, 2010, net earnings were $52 million, or $0.87 per share, on revenues of $1.6 billion.
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Carpenter Technology Reports First Quarter Results
Nov. 2, 2010 - Carpenter Technology Corp. reported net income of $7.6 million, or $0.17 per share, for the quarter ended September 30, 2010. This compares to a net loss of $9.3 million, or negative $0.21 per share, for the same quarter a year ago. Net sales for the first quarter were $351.7 million, up 50% from the prior year.
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Universal Stainless Reports 2010 Q3 Results
Nov. 1, 2010 - Universal Stainless & Alloy Products, Inc. reported $51.9 million in sales for the third quarter of 2010 compared with $25.3 million in the third quarter of 2009 and $51.3 million in the 2010 second quarter. Net income for Q3 was $4.1 million, or $0.60 per diluted share, compared with $0.3 million, or $0.05 per diluted share, for the same period last year.
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Praxair Mexico Signs Contract with Fonderia
Nov. 1, 2010 - Praxair Mexico has signed a contract with Fondería to supply oxygen through a vacuum pressure swing adsorption (VPSA) plant, which is expected to begin operations in the third quarter of 2011.
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CMC Reports 4th Quarter, Year-End Results
Nov. 1, 2010 - Commercial Metals Co. reported net earnings of $8.0 million on net sales of $1.8 billion for the fourth quarter and a net loss of $205.3 million on net sales of $6.3 billion for the year ended August 31, 2010.
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YTD Stainless Imports up More than 70% through July 2010
Oct. 29, 2010 - Total stainless steel imports reached 352,762 tons in YTD July 2010, a 70.5% increase compared to the comparable year-ago period according to the latest report SSINA. Total specialty steel imports were up 63.1% through the same period.
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U. S. Steel Appoints Executives in Tubular Products
Oct. 28, 2010 - United States Steel Corp. announced several executive appointments in its Tubular Products business, including Douglas R. Matthews, currently Vice President of Tubular Operations, being appointed Senior Vice President – Tubular Operations.
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Preliminary Steel Imports Slide Another 3% in September
Oct. 27, 2010 - The U.S. imported a total of 2,107,000 net tons of steel in September, down 3% from August data according to the latest report from AISI. The September total includes 1,589,000 net tons of finished steel, down 6% from August data.
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AK Steel Reports Third-Quarter Financial Results
Oct. 27, 2010 - AK Steel reported a net loss of $59.2 million, or $0.54 per diluted share of common stock, for the third quarter of 2010, compared to net income of $6.2 million, or $0.06 per diluted share, for the same period a year ago.
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United States Steel Reports 2010 Q3 Results
Oct. 27, 2010 - United States Steel Corp. reported a third-quarter 2010 net loss of $51 million, or $0.35 per diluted share, compared to a net loss of $25 million, or $0.17 per diluted share, in the second quarter of 2010 and a net loss of $303 million, or $2.11 per diluted share, in the third quarter of 2009.
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California Steel Reports Q3 2010 Results
Oct. 26, 2010 - California Steel Industries, Inc. reported third-quarter net income of $2.0 million for the period ended September 30, 2010. Sales revenues for the quarter are $313.9 million on shipments of 365,608 net tons, 50% higher than third quarter 2009's 244,417 net tons.
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OmniSource Responds to Criminal Charges
Oct. 26, 2010 - Steel Dynamics, Inc. announced that its wholly-owned subsidiary, OmniSource Corp., was indicted on multiple criminal charges involving the alleged receipt or attempted receipt of stolen property. The allegations come after a lawsuit filed on October 15 against the Prosecutor seeking the return of $277,000 in cash unlawfully retained after the raid.
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ALJ Releases 2010 Annual Revenue Performance
Oct. 25, 2010 - ALJ Regional Holdings, the parent company of Kentucky Electric Steel, reported revenues of $32.4 million for the fourth quarter and revenue of $112.8 million for the 2010 fiscal year ended September 30, 2010.
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Reliance Steel Reports Q3, Nine-Month Results
Oct. 22, 2010 - For the 2010 third quarter ended September 30, 2010, Reliance Steel & Aluminum Co. reported net income of $48.7 million, an increase of 17% compared to 2009 third-quarter net income of $41.8 million. Sales were $1.65 billion, a 33% increase from 2009 Q3 sales of $1.24 billion.
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World Crude Steel Production Slips 1% in September
Oct. 22, 2010 - World crude steel production for the 66 countries reporting to the World Steel Association stood at an estimated 111.75 million tonnes in September 2010 — a 1.0% decrease from the previous month (August 2010) and an 0.9% increase vs. September 2009.
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Nucor Reports Results for 2010 Q3, First Nine Months
Oct. 22, 2010 - Nucor Corp. announced consolidated net earnings of $23.5 million, or $0.07 per diluted share, for the third quarter of 2010, compared to net earnings of $91.0 million, or $0.29 per diluted share, in the previous quarter and a net loss of $29.5 million, or $0.10 per diluted share, in the third quarter of 2009.
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Ryerson to Open El Paso Service Center
Oct. 21, 2010 - Ryerson Inc. plans to open a service center in El Paso, Tex., that is expected to begin operations in mid-October. The facility will service the El Paso/Juarez, Mexico, market and will distribute a range of carbon, aluminum, and stainless steel products.
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Esmark Steel Group Acquires Assets of Kelco Metals
Oct. 21, 2010 - Esmark Steel Group has acquired the assets of Schaumburg, Ill.-based steel distributor Kelco Metals Inc. for more than $9 million. Kelco Metals will add approximately 50,000 tons of steel shipments annually to the company’s total shipments.
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Schnitzer Steel Reports Strong Fiscal 2010 Performance
Oct. 21, 2010 - Schnitzer Steel Industries, Inc. reported net income of $18.15 million on revenues of $639.1 million for the fourth quarter, and net income of $70.7 million on revenues of $2.3 billion for the full fiscal year 2010, which ended August 21, 2010.
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Russel Metals Comments on Potential Strike in British Columbia
Oct. 21, 2010 - Russel Metals Inc. is currently in mediation discussions with a B.C. Ministry of Labour mediator and United Steelworkers representatives to help reach agreement on language and issues related to five plants in British Columbia. Under the mediation process, the parties can neither strike nor force a lockout.
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Lakeside Steel Increases Production at End-Finishing Facility
Oct. 20, 2010 - Lakeside Steel Inc. has increased its tubing end-finishing production, which includes the process of upsetting, threading, and pressure testing tube products manufactured at the Welland facility, to meet demand and improve customer service.
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AIST Presents Awards at MS&T’10 Conference
Oct. 20, 2010 - AIST presented the Richard J. Fruehan Award, Gilbert R. Speich Award, Jerry Silver Award, and the inaugural Adolf Martens Memorial Steel Lecturer award at the Steel Properties & Applications Conference held in conjunction with the Materials Sciences & Technology 2010 annual conference in Houston, Tex., on Oct. 17-21.
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Essar Steel Algoma Appoints New CFO
Oct. 19, 2010 - Essar Steel Algoma Inc. announced that Amit Agarwal, Chief Financial Officer, has been assigned new duties at Essar's Corporate Office in India. Rakesh Kapur has been appointed CFO for Essar Steel Algoma, accountable for all financial functions, effective immediately.
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Metal Shipment and Inventory Rise Again in September 2010
Oct. 19, 2010 - Very little change occurred in North American metals service center shipment and inventory trends in September, according to the latest Metals Activity Report from the Metals Service Center Institute. Sequential steel inventories rose slightly in both the United States and Canada.
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August Steel Shipments up 11.5% from July
Oct. 19, 2010 - U.S. steel mills shipped 7,224,190 net tons for the month of August 2010, an 11.5% increase from the previous month’s shipments and a 29.7% increase from the 5,570,368 net tons shipped in August 2009, according to the latest report from AISI.
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Steel Dynamics Reports 3rd Quarter 2010 Results
Oct. 19, 2010 - Steel Dynamics reports net income of $19 million on net sales of $1.6 billion for the third quarter, and net income of $133 million on net sales of $4.8 billion for the first nine months of 2010.
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USITC Determines Seamless Pipe from China Threatens U.S. Industry
Oct. 18, 2010 - The United States International Trade Commission has determined that a U.S. industry is threatened with material injury by reason of imports of seamless carbon and alloy steel standard, line, and pressure pipe from China that the U.S. Department of Commerce has determined are subsidized and sold in the U.S. at less than fair value. As a result, Commerce will issue antidumping and countervailing duty orders on imports of these products from China.
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Tata Group to Fund Executive Education Building at Harvard
Oct. 15, 2010 - Harvard Business School has received a gift of $50 million from Tata Companies, the Sir Dorabji Tata Trust, and the Tata Education and Development Trust—philanthropic entities of Tata Group. The gift will fund a new academic and residential building on campus for participants in the school's Executive Education programs.
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EPA Finishes Slag Cleanup at Kokomo Site
Oct. 15, 2010 - U.S. Environmental Protection Agency Region 5 has completed the cleanup of the former slag processing area of the Continental Steel Superfund site in Kokomo, Ind., two years ahead of schedule due to American Recovery and Reinvestment Act funding. The cleanup effort was managed in consultation with Indiana Department of Environmental Management.
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Severstal Sparrows Point Reduces Locomotive Emissions
Oct. 15, 2010 - Severstal Sparrows Point has completed a clean diesel project that will improve air quality by reducing idling emissions and by helping to increase the energy efficiency of the Sparrows Point switch locomotives.
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2010 FeMET Grants Awarded to North American Professors
Oct. 14, 2010 - The Association for Iron & Steel Technology Foundation and the American Iron and Steel Institute’s “Ferrous Metallurgy Education Today,” or FeMET Initiative, has awarded its grants for the 2010–11 academic year.
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U. S. Steel Introduces ACRYLUME CF to its Construction Steel Lineup
Oct. 13, 2010 - United States Steel announced the addition of ACRYLUME CF™ Coated Sheet to the company’s lineup of construction steels, offering the environmentally conscious metal building construction industry the nation's first chromium-free acrylic coating on GALVALUME® Coated Sheet.
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SSAB Opens New R&D Facility in Iowa
Oct. 13, 2010 - SSAB has opened its new Research and Development Facility located adjacent to the SSAB steel mill in Montpelier, Iowa. The 25,000-sq. ft. facility houses cutting-edge testing, simulation, and metallographic equipment, with a staff of 13 research engineers and technicians.
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FeMET, StEEL, and Premier 2010 Scholarships Awarded
Oct. 13, 2010 - The Association for Iron & Steel Technology Foundation’s and the American Iron and Steel Institute’s “Ferrous Metallurgy Education Today,” or FeMET Initiative, and “Steel Engineering Education Link,” or StEEL Initiative, have awarded their scholarships for the 2010–2011 academic year.
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John Maneely Company Completes Restructuring
Oct. 12, 2010 - John Maneely Co. has completed an organizational restructuring, including the change of the company’s name to JMC Steel Groupto better reflect the company's core steel pipe and tubular products business.
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Lakeside Steel Restructures Salaried Staff
Oct. 11, 2010 - Lakeside Steel has implemented a restructuring of the salaried workforce at its Welland location that will reduce the number of salaried employees at the manufacturing facility by 25%.
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worldsteel Recognizes Safety and Health Leaders
Oct. 11, 2010 - The World Steel Association recognized last week four of its member companies for excellence in safety and health programs: BlueScope Steel, Posco, Tata Steel and United States Steel.
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Praxair México Completes Altamira Complex
Oct. 7, 2010 - Praxair México has started up a new packaged gases facility in the Altamira industrial corridor on the northeast coast of Mexico. The facility represents the last phase of a three-stage investment to meet growing customer demand in the region.
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Steel Import Permits Dip 11% in September
Oct. 7, 2010 - Steel import permit applications reached a total of 2,007,000 net tons for the month of September, an 11% decrease from the 2,252,000 permit tons recorded in August, according to the latest report from AISI.
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OSHA Issues Citations to AK Steel
Oct. 7, 2010 - The U.S. Department of Labor's Occupational Safety and Health Administration (OSHA) has issued AK Steel five willful and three other-than-serious citations for failing to record occupational injuries at its Middletown facility. The company is facing proposed penalties of $53,000.
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Severstal Sparrows Point Initiates Renewable Energy Program
Oct. 6, 2010 - Severstal North America recently initiated a renewable energy program at its Sparrows Point facility in partnership with Renewable Energy Management of Baltimore, who will construct and operate a renewable energy facility that will produce renewable liquid fuel.
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Latrobe Specialty Steel Announces Price Increase
Oct. 6, 2010 - Latrobe Specialty Steel will raise prices by an average of 5% on all air-melt grades, including tool steel and high speed steel. The increase takes effect with all new orders received beginning October 5.
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Bouchard Forms Steel Company to Pursue Strategic Acquisitions
Oct. 6, 2010 - Steel industry executive Craig T. Bouchard has launched Shale-Inland with the help of Raj Maheshwari and Philip Gaucher Jr. Shale-Inland, working together with the New York-based investment firm York Capital Management, is targeting acquisitions in steel production, distribution, and consumption.
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Standard Rail from Steel Dynamics Approved by U.S. Railroads
Oct. 5, 2010 - Standard Strength rail produced at Steel Dynamics, Inc.’s Columbia City, Ind., mill has been tested and approved by four U.S.-based Class I railroads and by Amtrak, the National Railroad Passenger Corp. SDI's Structural & Rail Division has begun rail shipments to Class I railroads.
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worldsteel Provides Short Range Outlook for Steel Industry
Oct. 5, 2010 - The World Steel Association forecasts in its October 2010 short range outlook (SRO) for 2010 and 2011 that apparent steel use will increase by 13.1% to 1,272 million tonnes in 2010 after declining by 6.6% in 2009. This represents an improvement of 35 million tonnes over the April SRO for 2010, exceeding the pre-crisis peak of 1,222 million tonnes in 2007.
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Reliance Steel Acquires Diamond Consolidated Industries and Affiliates
Oct. 4, 2010 - Reliance Steel & Aluminum Co. has acquired the outstanding capital securities of Diamond Consolidated Industries, Inc. and affiliated companies. All the businesses will operate as divisions of Diamond Manufacturing Co., which will operate as a subsidiary of Reliance.
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House Resolution Supports Effective Enforcement of Trade Laws
Oct. 1, 2010 - Representatives Roy Blunt, Spencer Bachus, Sam Graves, Jo Ann Emerson, Todd Akin, and Blaine Luetkemeyer have introduced House Resolution 1681, supporting effective enforcement of United States trade laws. The Coalition for Enforcement of Antidumping and Countervailing Duty Orders praises the resolution.
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Tonawanda Coke Found by EPA to be Significant Source of Benzene
Oct. 1, 2010 - The U.S. Environmental Protection Agency had ordered Tonawanda Coke Corp. to conduct testing under government oversight to determine if the company is a major source of hazardous air pollutants under the federal Clean Air Act. Results showed that TCC does meet this definition and that the majority of benzene being emitted is coming from the process area.
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Tube City IMS Recognized with Safety Awards
Sep. 30, 2010 - Several of Tube City IMS Corp.’s sites received a total of 58 Safety Awards from the National Slag Association (NSA) for 2009. Three Tube City IMS employees also received NSA Best Practices Awards, and one employee was the winner of the NSA safety slogan contest.
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Esmark Consolidates U.S. Operations; Names New Execs
Sep. 30, 2010 - Esmark Steel Group is consolidating its U.S. service center operations: Century Steel, Sun Steel, Chicago Steel & Iron, and Independent Steel will operate as Esmark Steel Group. In a related announcement, Scott Sternheimer has been named VP of Sales for Esmark Steel Group, effective immediately.
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Steel Dynamics to Buy Joist-Making Assets from Commercial Metals
Sep. 29, 2010 - Steel Dynamics, Inc. has agreed to acquire from affiliates of Commercial Metals Co. certain facilities and assets of CMC's former steel-joist manufacturing operations. These assets will become a part of SDI's wholly owned subsidiary, New Millennium Building Systems.
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Preliminary Steel Imports Slip 11% in August
Sep. 29, 2010 - The U.S. imported a total of 2,155,000 net tons of steel in August, down 11% from July data, according to the latest report from AISI. The August total included 1,668,000 net tons of finished steel, down 8% from July data.
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Steel Industry Calls for Currency Reform Legislation
Sep. 28, 2010 - Five key steel organizations, including the American Iron and Steel Institute, have sent a letter to all the members of the U.S. House of Representatives urging their support of the amended version of H.R. 2378, The Currency Reform for Fair Trade Act.
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SunCoke Energy to Move Headquarters
Sep. 27, 2010 - SunCoke Energy announces plans to relocate its headquarters from Knoxville, Tenn., following its planned separation from Sunoco in 2011.
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United States Steel Kicks Off Annual United Way Campaign
Sep. 22, 2010 - United States Steel Corp. kicked off its Pittsburgh-area 2010 United Way employee campaign by hosting its annual Party on the Plaza event on Sept. 21 outside the U. S. Steel Tower. The event is the largest one-day fundraising event for the United Way of Allegheny County.
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YTD Stainless Steel Imports up 66% Through June 2010
Sep. 22, 2010 - Total stainless steel imports reached 291,841 tons in YTD June 2010, a 66.0% increase compared to the comparable year-ago period according to the latest report from SSINA. Total specialty steel imports were up 56.1% through the same period.
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World Crude Steel Production up 4.2% in August
Sep. 22, 2010 - World crude steel production for the 66 countries reporting to the World Steel Association stood at an estimated 112.87 million tonnes in August 2010 — a 1.7% decrease from the previous month (July 2010) and a 4.2% increase vs. August 2009.
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Olympic Steel Completes 7th Annual Partnership with Make-A-Wish
Sep. 21, 2010 - Olympic Steel, Inc. announced record results for its seventh annual partnership with the Make-A-Wish Foundation®. The company’s month-long campaign concluded with total contributions of $56,830, exceeding its previous record by more than $10,000.
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Stainless Steel Production Increases for First Half of 2010
Sep. 21, 2010 - Stainless steel crude steel production has increased in the first half of 2010 by 44.3% compared to the same period of 2009, according to preliminary figures released by the International Stainless Steel Forum. Total production for the first six months of 2010 was 15.6 million tonnes.
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AK Steel to Increase Stainless Product Prices
Sep. 20, 2010 - AK Steel says it will increase transaction prices for specialty flat-rolled stainless steel products in the 200, 300 and 400 series, as well as duplex and precipitation hardening grades.
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Metal Shipment Growth Rate Rebounds in August 2010
Sep. 20, 2010 - The rate of growth of steel and aluminum shipments from North American metals service centers rebounded in August, according to the latest Metals Activity Report from the Metals Service Center Institute. Inventories of both metals changed very little during the month in both the U.S. and Canada.
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AK Steel Supports WTO Case against China
Sep. 17, 2010 - AK Steel applauds the United States' filing of a complaint against China for violating the rules of the World Trade Organization (WTO) in imposing antidumping and countervailing duties against imports of grain-oriented electrical steel from the United States.
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Steel Shipments Down 11.2 Percent in July
Sep. 17, 2010 - U.S. steel mills shipped 6,481,886 net tons for the month of July 2010, an 11.2% decrease from the 7,292,203 net tons shipped in the previous month according to the latest report from AISI.
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Steel Development, Ansteel Form JV to Build U.S. Mills
Sep. 17, 2010 - Steel Development Co., LLC and Anshan Iron and Steel Group Corp. (Ansteel) have executed a Joint Venture Operating Agreement along with partners from the U.S., Italy, Japan, Germany, and Canada to build a steel mill in Mississippi that will produce reinforcing bar and other bar products.
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AK Steel Updates Third Quarter 2010 Outlook
Sep. 16, 2010 - AK Steel has revised its outlook for the third quarter of 2010 to an operating loss of approximately $20 per ton, partly due to an acceleration of planned maintenance work at its Ashland (KY) blast furnace.
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Nucor Selects St. James Parish for Iron Making Facility
Sep. 16, 2010 - Nucor Corp. has selected St. James Parish, Louisiana, for the construction of a planned $750 million iron making facility, subject to receipt of all requisite environmental permits. The new facility will be owned and operated by Nucor Steel Louisiana, LLC, a wholly owned indirect subsidiary of Nucor.
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Gerdau to Acquire Tamco
Sep. 16, 2010 - Gerdau S.A.’s wholly owned subsidiary, Gerdau Ameristeel, has entered into a definitive agreement with Ameron International, Tokyo Steel, and Mitsui & Co. (U.S.A.), Inc. to acquire all the issued and outstanding shares of Tamco. The transaction is expected to close in the fourth quarter of 2010.
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Nucor Announces Third Quarter Earnings Guidance
Sep. 15, 2010 - Nucor says it is expecting to report results in the range of $0.05 to $0.10 per diluted share for the third quarter ending October 2, 2010, reflecting a general slowdown across all product lines.
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Russel Metals Announces Executive Promotion
Sep. 15, 2010 - Russel Metals Inc. has promoted John G. Reid to Vice President Operations, Service Centers. In addition to his current responsibilities for U.S. service centers, Reid will add oversight of the company's service centers in British Columbia, Alberta, Manitoba, and Saskatchewan.
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Tata Steel Invests in Direct Shipping Ore Project
Sep. 15, 2010 - Tata Steel has exercised its option to acquire an 80% interest in the Direct Shipping Ore Project of New Millennium Capital Corp., Canada. Tata Steel expects the joint venture to produce 4 million dry tonnes per year of iron ore products commencing in 2012.
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Cliffs Updates Full-Year 2010 North American Coal Outlook
Sep. 14, 2010 - Cliffs Natural Resources Inc. is updating its full-year 2010 North American Coal outlook to include its recent acquisition of INR Energy’s coal operations and to adjust the production outlook for its legacy coal operations in West Virginia and Alabama.
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Russel Metals to Participate in SteelDay
Sep. 9, 2010 - Russel Metals Inc. plans to participate in SteelDay on September 24 at its locations in Edmonton, Alberta; Vancouver, B.C.; Aberfoyle and Stoney Creek, Ont.; Terrebonne, Quebec; and Sackville, New Brunswick. SteelDay 2010 is hosted by the Canadian Institute of Steel Construction.
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USITC to Conduct Sunset Review of Stainless Plate Imports
Sep. 8, 2010 - The U.S. International Trade Commission has voted to conduct full five-year (sunset) reviews concerning the countervailing duty orders on stainless steel plate from Belgium and South Africa and the antidumping duty orders on stainless plate from Belgium, Italy, Korea, South Africa, and Taiwan.
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USITC to Conduct Sunset Reviews of Stainless Sheet and Strip Imports
Sep. 8, 2010 - The U.S. International Trade Commission has voted to conduct full five-year reviews concerning the countervailing duty order on stainless steel sheet and strip from Korea and the antidumping duty orders on stainless sheet and strip from Germany, Italy, Japan, Korea, Mexico, and Taiwan.
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Evraz NA Canada Secures Bank Financing
Sep. 7, 2010 - Evraz Group SA announced the closing of an approximately $285 million, four-year committed revolving credit facility by Evraz Inc. NA Canada.
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TMK Joins Industrial Liaison Program at MIT
Sep. 2, 2010 - TMK becomes one of approximately 200 companies around the world (and the first Russian company) to gain access to Massachusetts Institute of Technology resources and receive benefits from the Industrial Liaison Program's human and intellectual capital.
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Solaris Industries Opens New Plant in North Carolina
Sep. 2, 2010 - Solaris Industries has officially opened its plant in Kings Mountain, N.C., to meet the needs of a growing customer base in the United States. The company plans to hire about 40 to 50 employees over the next two years.
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Horsehead Updates Restart Schedule for PA Refining Facility
Sep. 2, 2010 - Horsehead Holding Corp. noted that the Monaca, Pa., plant's zinc oxide and metal refinery remains temporarily shut down. Regarding zinc oxide production, the company currently expects to restart all four Larvik furnaces by the end of September; it expects to restart the zinc oxide and refined zinc metal columns in stages starting in November.
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Lakeside Steel Breaks Ground on New Alabama Facility
Sep. 2, 2010 - Construction of Lakeside Steel Inc.’s new pipe manufacturing facility in Thomasville, Ala., has officially begun. The construction phase is expected to be substantially completed by April 2011.
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Steel Import Permits Decrease 15% in August
Sep. 2, 2010 - Steel import permit applications reached a total of 2,082,000 net tons for August, a 15% decrease from the 2,436,000 permit tons recorded in July and a 14% decrease from the July preliminary imports total of 2,415,000 net tons, according to the latest report from AISI.
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Universal Stainless Names New Chief Technology Officer
Sep. 1, 2010 - Universal Stainless & Alloy Products, Inc. has named Arthur C. Reardon, Ph.D., to the newly created position of Chief Technology Officer effective August 31, 2010. He will lead metallurgical process development and oversee all company laboratory capability testing and analysis.
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SMDI Honors the Steel Food Can
Aug. 31, 2010 - Investor company members of the Steel Market Development Institute (SMDI) are celebrating 200 years of food can innovation and honoring households across America that incorporate canned food into recipes and meals.
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Gerdau Closes Gerdau Ameristeel Transaction
Aug. 31, 2010 - Gerdau Ameristeel and Gerdau announce the completion of Gerdau’s acquisition of all remaining shares of Gerdau Ameristeel pursuant to the recently announced plan of arrangement.
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Gerdau Ameristeel Obtains Final Order for Plan of Arrangement
Aug. 30, 2010 - The Ontario Superior Court of Justice has issued a final order approving the plan of arrangement for Gerdau SA’s acquisition of all remaining common shares of Gerdau Ameristeel. The plan is expected to close on Monday, August 30, 2010.
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EPA Orders Tonawanda Coke to Comply with Clean Water Act
Aug. 27, 2010 - The U.S. EPA has ordered the Tonawanda Coke to comply with its Clean Water Act permit. Among other violations, Tonawanda Coke is discharging industrial wastewater containing cyanide in excess of its permit limits into the town of Tonawanda’s sanitary sewer system.
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Grupo Simec Receives NYSE Amex Delinquency Notice
Aug. 26, 2010 - Grupo Simec S.A.B. de C.V. received written notice from NYSE Amex LLC, indicating that the company was not in compliance with the Exchange’s continued listing criteria. The company has not filed its Annual Report on Form 20-F for the year ended December 31, 2009.
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Preliminary Steel Imports up 19% in July
Aug. 25, 2010 - The U.S. imported a total of 2,415,000 net tons of steel in July, up 19% from June data, according to the latest report from AISI. Finished steel imports were up 15% from June data.
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AK Steel Names New VP of Sales and Customer Service
Aug. 24, 2010 - AK Steel has named Gary T. Barlow as Vice President, Sales and Customer Service, effective September 1, 2010. Barlow succeeds Douglas W. Gant, who is retiring after 30 years of service to the company.
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Stainless Steel Imports up 60% Through May 2010
Aug. 23, 2010 - Total stainless steel imports reached 235,739 tons in YTD May 2010, 60.0% increase compared to the comparable year-ago period according to the latest report from SSINA. Total specialty steel imports were up 46.7% through the same period.
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Ryerson Opens New Mexican Service Center
Aug. 19, 2010 - Ryerson Inc. has opened a new service center in Monterrey, Nuevo Leon, Mexico. Expected to begin operations August 30, 2010, the facility will serve as a general line service center and carry a range of carbon, aluminum, and stainless steel products in different shapes.
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ALJ Announces 3rd Quarter Earnings
Aug. 18, 2010 - ALJ, the parent company of Kentucky Electric, reported net income of $4.49 million on net sales of $30.97 million for the third quarter, and net income of $5.22 million on net sales of $80.45 million for the nine months ended June 30, 2010.
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Illinois EPA Announces Loan to Clean Up Northwestern Steel and Wire Site
Aug. 18, 2010 - Illinois EPA Director Doug Scott and other state and local officials have announced the approval of a $1 million Illinois Brownfields Revolving Loan Fund award to the City of Sterling to mitigate asbestos contamination at the former Northwestern Steel and Wire Plant 1 site and to ready it for redevelopment.
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Metal Shipment Growth Rate Slows in July 2010
Aug. 18, 2010 - The rate of growth of steel and aluminum shipments from metals service centers in the United States and Canada slowed in July, according to the latest Metals Activity Report from the Metals Service Center Institute. Inventories of both metals increased in both countries.
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June Steel Shipments Dip Slightly from May
Aug. 17, 2010 - U.S. steel mills shipped 7,292,203 net tons for the month of June 2010, a 0.7% decrease from net tons shipped in the previous month and a 52.0% increase from net tons shipped in June 2009, according to the latest report from AISI.
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Timken to Invest $50 Million in Ohio Steel Plants
Aug. 13, 2010 - Timken announces plans to invest approximately $50 million for the installation of a new intermediate finishing line at its Gambrinus Steel Plant and expansion of the steel lay-down yard at the small-bar mill at its Harrison Steel Plant.
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OSHA Fines Wisconsin Polishing and Plating for Health Violations
Aug. 12, 2010 - The U.S. Department of Labor's Occupational Safety and Health Administration has cited Wisconsin Polishing and Plating Inc. of West Allis, Wis., with $75,400 in proposed penalties for allowing workers to be overexposed to chromium and chromic acid.
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Russel Metals Reports Stronger Q2 2010 Net Earnings
Aug. 12, 2010 - Russel Metals Inc. announced second-quarter earnings of $19 million, or $0.31 per share, an improvement of $0.28 per share from the first quarter of 2010. These results were stronger than both the comparable adjusted net earnings for the second quarter of 2009 of $0.10 per share and the reported loss of $0.41 per share.
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Outokumpu Completes Quarto Plate Upgrades at New Castle
Aug. 12, 2010 - Outokumpu will soon unveil recently completed upgrades to its North American quarto plate facility in New Castle, Ind., including a new plate finishing line and improvements to the existing 120-inch wide line.
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TMK IPSCO Opens New Sales Office in Canada
Aug. 11, 2010 - Steel tubular manufacturer TMK IPSCO recently opened a Sales Office in Calgary, Alberta, to serve as its Canadian headquarters for sales. The new office will also support customers in the development of the oil sands in Western Canada.
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CMC Announces Management Promotions
Aug. 10, 2010 - Commercial Metals Co.'s Board of Directors has promoted four officers, all of whom had previously been elected a Vice President of CMC. They will now serve as Senior Vice President in addition to their existing titles reflecting specific areas of responsibility.
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Keystone Reports Q2 2010 Results
Aug. 9, 2010 - Keystone Consolidated Industries, Inc. reported net income of $6.7 million, or $0.56 per diluted share, in the second quarter of 2010 vs. net income of $1.0 million, or $0.08 per diluted share, for the same period last year. Sales volume was also significantly higher, resulting in more normal production schedules throughout the quarter.
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Nucor Exec Reappointed to United States Manufacturing Council
Aug. 6, 2010 - Nucor Corp. Chairman, President, and CEO Daniel R. DiMicco has been reappointed to serve on the United States Manufacturing Council. He has served on this board for the past two years as a liaison between the federal government and the country's manufacturing sector.
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ArcelorMittal Dofasco Develops New Ultra-Low Carbon Steel Technology
Aug. 6, 2010 - ArcelorMittal has unveiled a new ultra-low carbon production technology at its Dofasco plant in Hamilton, Canada, that will allow the production of more advanced grades of automotive steel. The technology was recognized with the Leadership and Innovation Award as part of the Group's Performance Excellence Awards.
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Severstal Columbus Adds Campus Partners to Expand Services
Aug. 6, 2010 - Severstal Columbus LLC welcomes two new downstream campus partners to its Lowndes County facility. Mississippi Steel Processing and New Process Steel are constructing facilities that will each begin operation late in the first quarter of 2011.
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Olympic Steel Elects New Board Member
Aug. 5, 2010 - Olympic Steel, Inc.’s Board of Directors has elected the Honorable Dirk A. Kempthorne as a Director, effective immediately. Governor Kempthorne will also serve on the Nominating Committee of the Board.
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Steel Import Permits Increase 15% in July
Aug. 5, 2010 - Steel import permit applications reached a total of 2,323,000 net tons for the month of July, a 15% increase from the 2,023,000 permit tons recorded in June and a 17% increase from the June preliminary imports total, according to the latest report from AISI.
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Samuel Manu-Tech Reports Q2 2010 Results
Aug. 4, 2010 - Samuel Manu-Tech Inc. reported sales of $184.9 million for the three months ended June 30, 2010, an increase of 17.3% compared to Q2 2009 due to higher volumes and selling prices partially offset by the negative impact of the stronger Canadian dollar on U.S.-based sales.
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Cliffs Closes Acquisition of INR Energy’s Coal Operations
Aug. 3, 2010 - Cliffs Natural Resources Inc. has closed on its previously announced acquisition of INR Energy, LLC’s coal operations in southern West Virginia. The transaction will increase Cliffs’ global coal production capacity to more than 9 million tons in 2011.
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AK Steel Announces Carbon Steel Price Increase, September Surcharges
Aug. 3, 2010 - AK Steel is increasing current spot market base prices by $40 per ton, effective immediately with all new orders for carbon steel products. The company also announced that it would be adding a $350 per ton surcharge for electrical steel products shipped in September 2010.
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Essar Steel Algoma, USW Ratify Collective Agreement
Aug. 2, 2010 - Essar Steel Algoma Inc. and USW L2724—the union representing the company's technical, professional, and front line management employees—have ratified a collective agreement. The new agreement came into effect August 1, 2010, for a four-year term.
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PTC Alliance Employees Ratify New Collective Bargaining Agreements
Jul. 30, 2010 - Employees at PTC Alliance facilities in Alliance, Ohio, and Darlington, Pa., have ratified new collective bargaining agreements. The new agreements will enable PTC Alliance to complete the sale of its assets to funds managed by Black Diamond Capital Management, which was authorized earlier this year by the U.S. Bankruptcy Court in Delaware.
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Horsehead Provides Update on Operations at PA Plant
Jul. 30, 2010 - Horsehead Holding Corp. announced that the zinc refinery at its Monaca, Pa., facility remains on temporary shutdown pending completion of an investigation and assessment of the damage. It could take several months for production capabilities in the refining facility to be fully restored.
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Allegheny Technologies Announces Executive Appointments
Jul. 30, 2010 - L. Patrick Hassey, Chairman and CEO of Allegheny Technologies Inc., has announced that effective August 1, 2010, Richard J. Harshman will become President and Chief Operating Officer. He will report to Hassey. Dale G. Reid has been named Senior Vice President, Finance and Principal Financial Officer of ATI, also reporting to Hassey.
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Lakeside Steel to Build New Manufacturing Facility in Alabama
Jul. 30, 2010 - Lakeside Steel Inc. announced plans to build a new manufacturing facility in Thomasville, Ala. Once fully operational, the new facility is expected to add 192,000 tons of capacity, approximately doubling the company's total production capacity.
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Beta Steel Changes Name to NLMK Indiana
Jul. 30, 2010 - Beta Steel is changing its name to NLMK Indiana to reflect the company’s identity and position within the corporate structure of NLMK Group, to which it has belonged since 2008.
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Allegheny Technologies Announces Q2 2010 Results
Jul. 29, 2010 - Allegheny Technologies Inc. reported net income for the second quarter 2010 of $36.4 million, or $0.36 per share, on sales of $1.05 billion. This compares favorably to last year’s Q2 net loss, including special charges, of $13.4 million, or $0.14 per share, on sales of $710.0 million.
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