Steel News

Olympic Steel Reports Record Net Sales

08 August 2014 - Olympic Steel, Inc., a national metals service center, announced financial results for the second quarter and six months ended 30 June 2014.

Alpha Natural Resources Downsizing West Virginia Mining Operations

08 August 2014 - Eight operating affiliates of Alpha Natural Resources, Inc. have notified their employees that the coal mines and other facilities where they work are subject to being idled due to sustained weak market conditions and government regulations that have challenged the entire Central Appalachian mining industry.

AISI Releases July SIMA Imports Data, Import Market Share at 28% in July

08 August 2014 - Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and Steel Institute (AISI) reported that steel import permit applications for the month of July total 3,781,000 net tons.

Lourenco Goncalves Appointed Chairman, President and CEO of Cliffs Natural Resources

07 August 2014 - Cliffs Natural Resources Inc. announced that the Company's Board of Directors has appointed Lourenco Goncalves to the positions of chairman, president and chief executive officer, effective immediately.

Plibrico Names New VP of Sourcing and Product Development

07 August 2014 - Plibrico Company LLC is pleased to welcome Justin Teiken as the new vice president of sourcing and product development.

SMDI Taps GM's Dr. Hall as Head of Automotive Programs

07 August 2014 - The Steel Market Development Institute (SMDI), a business unit of the American Iron and Steel Institute (AISI), announced that Dr. Jody N. Hall, former technical integration engineer at General Motors Company Global Body Manufacturing Engineering Center in Warren, Mich., will succeed Ronald P. Krupitzer as vice president automotive market for the Institute. Krupitzer, who has held the position for 13 years, will retire at the end of the year.

ArcelorMittal Europe Raises Growth Forecast After Second Consecutive Quarter of Improvements

05 August 2014 - ArcelorMittal Europe announced its results for the second quarter of 2014.

Universal Stainless Earnings Boosted by Increasing Demand from Aerospace

05 August 2014 - Universal Stainless & Alloy Products Inc. reported that net sales for the second quarter of 2014 were US$52.3 million, an increase of 12% from the first quarter of 2014 and 22% higher than the second quarter of 2013.

voestalpine Significantly Improves Results in First Quarter of 2014/15

05 August 2014 - “Despite ongoing inconsistent economic trends in the most important economic regions worldwide, the voestalpine Group’s results in the first quarter of the business year 2014/15 continued to be solid,” said Wolfgang Eder, CEO and chairman of the Management Board of voestalpine AG.

Nucor Executive VP Keith Grass To Retire; Joe Stratman to Assume Responsibilities

04 August 2014 - Keith Grass, Nucor's executive vice president of raw materials and chief executive officer of The David J. Joseph Company (DJJ), plans to retire effective 12 September 2014.

Harsco Names CEO and Non-Executive Board Chairman

04 August 2014 - Harsco Corp. announced the completion of its previously announced executive leadership plans with the appointment of F. Nicholas Grasberger as the company's president and chief executive officer, effective immediately.

ArcelorMittal Increases Steel Demand Forecast for Europe and U.S.

04 August 2014 - ArcelorMittal announced results for the three and six month periods ended 30 June 2014.

SMA Applauds Senate Passage of Highway Trust Fund Bill

04 August 2014 - The Steel Manufacturers Association (SMA) commends the U.S. Senate for passing H.R. 5021 and funding the Highway Trust Fund with US$11 billion through May 2015.

Gerdau Sees Continued Demand Growth in North America

01 August 2014 - Gerdau's net revenue reached R$10.4 billion (US$4.6 billion) in the second quarter of 2014, an increase of 5.7% over the same period last year. This expansion was due especially to the continued growth in demand for steel in North America, which is one of Gerdau's main markets.

Severstal NA's Results a 'Testament to Transformation' Taking Place at Company

01 August 2014 - Severstal North America (SNA), a leading steel producer in the United States and a subsidiary of Severstal, reported another strong financial performance in the second quarter of 2014.

TimkenSteel's Sales Growth Driven by Energy, Industrial Market Sectors

31 July 2014 - TimkenSteel Corp., a leader in customized alloy steel products and services, reported second-quarter net income of US$28.6 million on US$442.2 million of net sales, compared to net income of US$25.3 million on net sales of US$354.1 million in the second quarter of 2013.

Leeco Steel Names Vice President of Purchasing

31 July 2014 - Leeco Steel, one of the largest suppliers of steel plate in North America, has appointed Ryan Murphy as vice president of purchasing.

SteelBenchmarker: HRB Price Stagnation Continues

31 July 2014 - The bi-monthly SteelBenchmarker™ United States HRB spot price for 28 July 2014 increased 0.1% to US$742 per metric ton for the second consecutive time.

U. S. Steel Posts US$18 Million Net Loss in Second Quarter

30 July 2014 - U. S. Steel said the impacts of the extraordinary weather conditions and operational issues that began in the first quarter resulted in continuing operating inefficiencies; higher repairs and maintenance costs; and logistical issues that temporarily limited its production capabilities during the second quarter.

Sheri H. Edison Named to AK Steel's Board of Directors

30 July 2014 - Sheri H. Edison has been elected to AK Steel’s Board of Directors, effective 1 August 2014.