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Schnitzer Steel Reports Strong Fiscal 2010 Performance

21 October 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.

Russel Metals Comments on Potential Strike in British Columbia

21 October 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.

Lakeside Steel Increases Production at End-Finishing Facility

20 October 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.

Carpenter Technology, Sandvik Partner in Powder Technology

20 October 2010 - Carpenter Technology Corp. and Sandvik Materials Technology have established a strategic partnership to mutually reinforce each company’s long-term commitment in powder metal products. Carpenter Technology will acquire a 40% interest in Sandvik Powdermet AB, and Sandvik AB will acquire a 40% interest in Carpenter Powder Products AB.

Steel Dynamics Reports 3rd Quarter 2010 Results

19 October 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.

Allegheny Technologies Updates Third Quarter Outlook

18 October 2010 - Allegheny Technologies is forecasting net income of approximately $0.01 per share for the third quarter 2010, including the impact of several one-time charges.

Nisshin Steel to Further Invest in Acerinox Joint Venture

15 October 2010 - Nisshin Steel has decided to make an additional investment of approximately 5 billion yen and maintain its 30% share in Bahru Stainless (Johor, Malaysia), its joint venture with Acerinox that is now under construction for manufacturing and sales of cold-rolled stainless steel.

Severstal Sparrows Point Reduces Locomotive Emissions

15 October 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.

U. S. Steel Introduces ACRYLUME CF to its Construction Steel Lineup

13 October 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.

John Maneely Company Completes Restructuring

12 October 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.

worldsteel Recognizes Safety and Health Leaders

11 October 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.

Lakeside Steel Restructures Salaried Staff

11 October 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%.

ThyssenKrupp Starts up Stainless Production at New Alabama Mill

08 October 2010 - ThyssenKrupp has officially started up its new stainless steel mill in Calvert, Ala., with the successful production of 64 inches wide (roughly 160 cm) product on its cold rolling mill.

OSHA Issues Citations to AK Steel

07 October 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.

Severstal Sparrows Point Initiates Renewable Energy Program

06 October 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.

Latrobe Specialty Steel Announces Price Increase

06 October 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.

AK Steel Announces November 2010 Surcharges

05 October 2010 - AK Steel says it will add a $350 per ton surcharge to invoices for electrical steel products shipped in November 2010.

Standard Rail from Steel Dynamics Approved by U.S. Railroads

05 October 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.

Reliance Steel Acquires Diamond Consolidated Industries and Affiliates

04 October 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.

Essar Steel Algoma, Cliffs Reach Interim Agreement for Iron Ore Supply

04 October 2010 - Essar Steel Algoma reaches an agreement with Cleveland Cliffs setting an interim price commencing October 1, 2010, for the provision of iron ore pellets.

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