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Parsytec to Supply Surface Inspection Systems for Sandvik

31 July 2007 - Sandvik Materials Technology places order with Parsytec AG for two surface inspection systems for one of their stainless AP lines.

GE Corporate Lending Provides Credit Facility to Esmark

31 July 2007 - GE Commercial Finance Corporate Lending provides a $150-million asset-based credit facility to Esmark, to be used for working capital needs and to refinance existing debt.

U. S. Steel Appoints General Manager of Procurement

31 July 2007 - United States Steel appoints Leslie J. Broglie as General Manager—Procurement, a position previously held by Thomas A. Coughlin, who was recently named General Manager—Materials Management.

California Steel Reports 2nd Quarter 2007 Results

31 July 2007 - California Steel Industries reports net income of $8.2 million on sales of $335.8 million for the second quarter, and net sales of $9.5 million on net sales of $650.5 million for the six months ended June 30, 2007.

Algoma Steel Reaches Tentative Agreement with USW Local 2251

31 July 2007 - Algoma Steel reaches a tentative agreement with United Steelworker Local 2251, the bargaining unit for its hourly employees.

Beitai Beilong Starts up Two Danieli High-Speed Finishing Blocks

31 July 2007 - Beitai Beilong Iron & Steel starts up two 10-pass Danieli high-speed finishing blocks at the No. 2 high-capacity wire rod mill in the Bengxi Province.

Danieli to Supply Additional Bloom Grinders for Seah Besteel

30 July 2007 - Seah Besteel contracts Danieli Centro Maskin to supply two bloom grinders to be added to the two identical units are starting up this summer.

Tenova to Install Five Consteel Plants in Asia

30 July 2007 - Tenova will install five new Consteel plants in Asia, including a system capable of producing 360 tonnes of steel per hour—the highest installed capacity in the world—for Tokyo Steel’s new steel plant currently under construction in Kurashiki, Japan.

Cleveland Cliffs Reports 2nd Quarter Results

30 July 2007 - Cleveland-Cliffs reports net income of $86.9 million on record revenues from iron ore product sales and services of $547.6 million for the second quarter, and net income of $119.4 million on record revenues of $873.1 million for the six months ended June 30, 2007.

Carpenter Technology Shakes up Management Ranks

30 July 2007 - Carpenter Technology announces new assignments for two key operational executive officers—and the departure of Dennis Oates, former Senior Vice President—Specialty Alloys Division.

Algoma Steel Makes Final Offer to Local 2251

30 July 2007 - Algoma Steel confirms that the company has tabled its final offer to United Steelworkers Local 2251.

ArcelorMittal Starts up New Siemens Hot-Rolling Mill in Cracow

30 July 2007 - Arcelor Mittal Group recently produced the first coil on its new hot rolling mill in Cracow, Poland, which had been supplied by Siemens Metals Technologies as a turnkey installation.

Carpenter Technology Reports Year-End Results

27 July 2007 - Carpenter Technology Corp. reported net income of $61.3 million on sales of $560.5 million for the fourth quarter, and net income of $227.2 million on sales of $1944.8 million for fiscal 2007.  

Algoma Steel Reaches Tentative Agreement with Salaried Employees

27 July 2007 - Algoma Steel reaches tentative agreement with United Steelworker Local 2724, the bargaining unit for its salaried employees; no agreement has yet been reached with the larger Local 2251, which covers 2714 union members.

ArcelorMittal to Acquire Remaining Shares in ArcelorMittal Poland

27 July 2007 - ArcelorMittal reaches agreement with the Polish Government to acquire the outstanding 25.2% shares of ArcelorMittal Poland currently held by the Polish State and Treasury Ministry at a share price of PLN 6.5.

U. S. Steel Announces Additional Appointments to Tubular Business Unit

27 July 2007 - United States Steel announces three additional operations appointments for its tubular business unit.

Quanex Looks to Higher End of Earnings Guidance

26 July 2007 - Quanex expects to report fiscal third quarter 2007 diluted earnings per share from continuing operations in a range of $0.94 to $0.98, including an estimated $0.03 per share non-cash LIFO charge.

SMS Demag to Help Boost Production at Nucor Hickman

26 July 2007 - Nucor awards SMS Demag a contract to modernize the finishing mill at its CSP plant in Hickman, Ark., including replacement of the drive trains on mill stands F1 and F2 and modification of these stands to accommodate larger work rolls.

Allegheny Technologies Reports 2nd Quarter Earnings

26 July 2007 - Allegheny Technologies Inc. reported net income of $206.5 million on sales of $1.47 billion for the second quarter, and net income of $404.3 million on sales of $2.84 billion for the six months ended June 30, 2007.

Stelco Reports 2nd Quarter Results

26 July 2007 - Stelco reports EBITDA of $53 million and a $19-million net loss before income tax,  showing solid improvements over the previous quarter.

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