Steel News is a publication of the Association for Iron and Steel Technology.

LAKESIDE STEEL HEADLINES

Steel Producers / Lakeside Steel

Latest News:

Lakeside Announces Fiscal 2012 Third Quarter Results
Feb. 28, 2012 - Lakeside Steel Inc. recorded a net loss of $9,160,125 on revenue of $58,085,702 for the third quarter ended December 31, 2011 (Q3-2012), and a net loss of $17,854,604 on revenue of revenue of $158,884,734 for the first nine months of 2011.

Lakeside Steel Announces Management Changes
Jan. 31, 2012 - Lakeside Steel Inc. announced that Vic Alboini is no longer the Chairman and CEO of the company. The company has appointed Norman Findlay as Interim Chairman of the Board.

Lakeside Steel, JMC Steel Group Execute Arrangement Agreement
Jan. 26, 2012 - Lakeside Steel Inc. and JMC Steel Group, Inc. have entered into a definitive agreement pursuant to which JMC Steel Group, Inc., through a wholly owned subsidiary, has agreed to acquire all of the issued and outstanding common shares of Lakeside at a price of $0.2983 per share in cash.

Lakeside Provides Update on Non-Binding Transaction Proposal
Jan. 11, 2012 - Lakeside Steel Inc. announced a 10-daye extension of the period in which the company has agreed to negotiate exclusively with the potential purchaser regarding an acquisition or similar transaction.

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.

Canadian Auto Workers Local Ratifies Contract with Lakeside Steel
Nov. 4, 2011 - Members of the Canadian Auto Workers, Local 523, the union representing employees at the Welland, Ont., facilities of Lakeside Steel Corp. have ratified a new three-year collective agreement.

Lakeside Reaches Tentative Agreement with Canadian Auto Workers
Nov. 2, 2011 - Lakeside Steel Inc. has reached a tentative agreement with the Canadian Auto Workers, Local 523 representing approximately 350 employees of Lakeside Steel Corp.

Lakeside Accelerates Completion of Alabama Treatment Facility
Sep. 20, 2011 - Lakeside Steel announced that construction is ahead of schedule for its new USD $7.5M state-of-the-art tubing thermal and end-finishing facility in Thomasville, Ala.

Lakeside Hires New Vice President Commercial
Jul. 20, 2011 - Lakeside Steel Inc. announced the appointment of Robert Okrzesik to the position of Vice President Commercial.

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.

Lakeside Steel to Build New Finishing Facility in Thomasville
Mar. 25, 2011 - Lakeside Steel Inc. has announced plans to build a new USD $7.5-million state-of-the-art end-finishing and heat treatment facility in Thomasville, Ala.

Lakeside Steel to Build End-Finishing and Heat Treat Facility
Mar. 1, 2011 - The Lakeside Steel Board of Directors has approved plans to build a new state-of-the-art end-finishing and heat treatment facility that will provide vertical integration of finished and upgraded tubular products.

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.

Lakeside Steel Completes Removal of PCB Waste from Welland Site
Feb. 1, 2011 - Lakeside Steel Inc. has completed the removal of PCB materials previously stored onsite at the Welland, Ont., facility of its wholly-owned subsidiary, Lakeside Steel Corp.

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.

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.

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%.

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.

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.

Lakeside Steel Provides Q1 Operations Update
Jul. 14, 2010 - Lakeside Steel announced its fiscal first-quarter operations update for the three months ended June 30, 2010 (Q1 2011), including preliminary numbers suggesting shipments of 53,719 tons—a 268% improvement over Q1 2010 and a 35% improvement over Q4 2010.

Lakeside Steel Signs Contract with Bennett Environmental for PCB Remediation
Jul. 9, 2010 - Lakeside Steel has agreed to terms with Bennett Environmental to remove the PCB material currently stored on Lakeside's property in Welland. The project is expected to be completed by December 2010.

Lakeside Steel to Add Shift, Hire Employees
Jun. 3, 2010 - Due to increased demand for its API-approved oil country tubular goods tubing, casing, and API line pipe, Lakeside Steel Inc. is adding an additional shift to the Stretch Reduction Mill and hiring up to 12 new full-time employees.

Lakeside Steel Announces Strategic Alliance with Scot Industries
Apr. 30, 2010 - Lakeside Steel Inc. has agreed to terms on a key business alliance with Wooster, Ohio-based Scot Industries, which will provide thermal treatment services for Lakeside Steel.

Lakeside Steel Announces Temporary Layoff
Jan. 16, 2009 - Lakeside Steel announces the temporary layoff of up to 61 additional hourly employees at its Lakeside Steel subsidiary, located in Welland, Ont.

View Current Articles