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Latest News:
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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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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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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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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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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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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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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 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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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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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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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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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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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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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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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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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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