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SteelNews.com is a publication created by the Association for Iron and Steel Technology (AIST) for the steel community. We are the leading source for technological and innovative news on the people, producers and suppliers in the North American and international steel communities.

 

BAYOU STEEL HEADLINES

Steel Producers / Bayou Steel
Latest News:
Bayou Steel Announces Closing of Acquisition
Jun. 2, 2006 - June 2, 2006 — Bayou Steel Corp. announced that the acquisition of Bayou Steel by an entity man
Bayou Steel Stockholders Approve Merger Agreement
May 15, 2006 - May 15, 2006 — Bayou Steel Corp.’s stockholders voted at a special meeting to adopt the previously announced merger agreement to be acquired by an entity owned by funds ove
Bayou Steel Enters Acquisition Agreement with Black Diamond Capital Management
Mar. 20, 2006 - March 20, 2006 — Bayou Steel Corp. has entered into a definitive agreement with an entity managed by Black Diamond Capital Management, LLC, an existing holder of Bayou Steel's co
Bayou Steel Reports 1st Quarter Results
Feb. 27, 2006 - Feb. 27, 2006 — Bayou Steel Corp. reported net income of $3.2 million on net sales of 67.2 million for the first quarter (ending December 31, 2005) of fiscal 2006. The $
Bayou Steel Reports Strong Results for Fiscal 2005
Jan. 16, 2006 - Jan. 16, 2006 — Bayou Steel Corp. reported net income of $19.3 million on sales of $271.7 million for the fiscal year ending September 30, 2005.
Bayou Steel to Upsize Line of Credit
Nov. 15, 2005 - Bayou Steel Corp. is amending and restating its line of credit from $45 million to $75 million. The newly amended line will also provide lower borrowing rates, higher advance rates, and a nearly four year extension of the current arrangement.
Bayou Steel Resumes Plant Operations after Hurricane Katrina
Sep. 8, 2005 - Bayou Steel Corp. today announced the resumption of plant operations following the aftermath of Hurricane Katrina.
Bayou Steel Reports Strong 3rd Quarter Results
Aug. 16, 2005 - Bayou Steel Corp. reported net income of $5.2 million on sales of $68.4 million for the third quarter (ending June 30, 2005) of fiscal 2005.
Bayou Steel Reports Strong 2nd Quarter Results
May 24, 2005 - Bayou Steel Corp. reported net income of $5.1 million on sales of $62.1 million for the second quarter (ending March 31, 2005) of fiscal 2005.
Bayou Steel Reports 1st Quarter Results
Mar. 8, 2005 - Bayou Steel Corp. reported net income of $4.2 million on sales of $63.1 million for the fiscal first quarter ended December 31, 2004.
Bayou Steel Reports Fiscal 2004 Results
Jan. 7, 2005 - Bayou Steel Corp. reported net income of $29.8 million on sales of $240.8 million for the year ending September 30, 2004. Results included income reported by Bayou Steel’s predecessor prior to the company’s emergence from bankruptcy on February 18, 2004.
Bayou Steel Selects Pittsburgh Logistics to Manage Facility Transportation
Oct. 7, 2004 - Pittsburgh Logistics Systems, Inc. (PLS) has been selected by Bayou Steel Corp. to manage outbound transportation for its Leetsdale, Pa., distribution center.
Bayou Steel Reports 3rd Quarter Results
Aug. 20, 2004 - Bayou Steel Corp. reported net income of $6.1 million on sales of $59.3 million for its third fiscal quarter ending June 30, 2004.
Bayou Steel Appoints New Chairman of the Board
Jul. 29, 2004 - The Board of Directors of Bayou Steel Corp. announced the appointment of Robert E. Heaton as Chairman of the Board of Directors. Mr. Heaton served on the board of Bayou Steel from 2002 to 2004 and was a member of the Special Operating Committee during the company’s restructuring.
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