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Steel Dynamics Comments on Industry Consolidation Activity

27 April 2007 - Steel Dynamics issues statement to clarify its position regarding recent consolidation activity in the U.S. metals industry.

IISI Reports World Crude Steel Production for March 2007

27 April 2007 - Figures released by the International Iron and Steel Institute show that world crude steel production for the 67 countries reporting stood at an estimated 110.9 million tonnes in March — 8.6% higher than for March 2006.

Timken Reports 1st Quarter Results

27 April 2007 - Timken reports income from continuing operations of $41.6 million on sales of $1.28 billion during the first quarter of 2007.

Chaparral Steel Initiates Review of Strategic Alternatives

26 April 2007 - Chaparral Steel’s Board of Directors has initiated a review of strategic alternatives, and has retained Goldman, Sachs & Co. to assist in the review.

Allegheny Technologies Reports Strong 1st Quarter

26 April 2007 - Allegheny Technologies reported net income of $197.8 million on sales of $1.37 billion for the first quarter 2007.

Cleveland-Cliffs Provides 1st Quarter Operations Update

26 April 2007 - Cleveland-Cliffs announced selected operating information for the three months ended March 31, 2007, but information is limited due to the ongoing review of the company’s application of SFAS 133.

Carpenter Technology Elects Chief Technology Officer

26 April 2007 - Carpenter Technology announced the appointment of Dr. Sunil Y. Widge as Senior Vice President and Chief Technology officer.

Republic Enters New Technology Agreement with Kobe

26 April 2007 - Republic Engineered Products announced that Kobe Steel and its subsidiary Kobe Technologies Proprietary have entered into a new agreement to provide production technology to Republic. 

AK Steel Reports 1st Quarter Results

25 April 2007 - AK Steel reported net income of $62.7 million on record net sales of $1,719.9 million for the first quarter of 2007.

United States Steel Reports 1st Quarter Results

25 April 2007 - United States Steel reported net income of $273 million on net sales of $3756 million for the first quarter of 2007.

Ipsco Reports First Quarter Earnings

24 April 2007 - Ipsco announced net income of $109.4 million on record sales of $1.03 billion for the first quarter of 2007.

March Imports Creep 14% Ahead of February Totals

24 April 2007 - The U.S. imported a total of 2,989,000 net tons of steel in March 2007 according to the latest report from the American Iron and Steel Institute—a 14% increase compared to February 2007’s final data.

SeverCorr Accelerates Plan for Expansion

24 April 2007 - SeverCorr is accelerating expansion of its Lowndes County, Miss., plant with the installation of a second production line, more than doubling the mill’s capacity to 3.4 million tons per year.

Nucor Contracts CORE for Low-NOx Burners at Plymouth

24 April 2007 - Nucor Steel recently contracted Core Furnace Systems to provide the latest generation of flameless low-NOx burners for the existing walking-hearth reheat furnace at its Plymouth, Utah, facility.

Air Liquide Widens Offerings with the Purchase of Lurgi

23 April 2007 - Air Liquide announced the acquisition of the engineering firm Lurgi from Global Engineering Alliance based on an equity value of approximately 550 million euros.

AK’s Coshocton Works Honored for Safety Performance

23 April 2007 - AK Steel’s Coshocton, Ohio, Works has earned three awards from the Ohio Bureau of Workers' Compensation, division of Safety and Hygiene for the plant's outstanding 2006 safety performance.

Arcelor Mittal Finalizes Acquisition of Sicartsa

23 April 2007 - Arcelor Mittal has finalized its acquisition of Sicartsa, a Mexican integrated steel producer, from Grupo Villacero, for an enterprise value of $1,439 million.

Arcelor Mittal Announces New Dofasco CEO

23 April 2007 - Lou Schorsch, Executive Vice President of Arcelor Mittal and CEO Flat Americas, announced the appointment of Juergen Schachler to the position of President and CEO, Dofasco Inc., effective May 1, 2007.

Mittal Steel USA Enters Export Market

23 April 2007 - Mittal Steel USA has begun the sale of steel for export beginning this quarter and continuing on an ongoing basis, allowing it to take advantage of the strong global market and the resources the company's global trading arm.

AK Steel to Make Another Early Pension Trust Fund Contribution

23 April 2007 - AK Steel’s board of directors has authorized the company to make an early $105 million contribution to its pension trust fund.

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