Steel News

CMC Board of Directors to Review Unsolicited Tender Offer from Carl Icahn

12 December 2011 - Commercial Metals Company's Board of Directors, in consultation with its independent financial and legal advisers, will review the unsolicited tender offer from Carl Icahn and Icahn Enterprises Holdings L.P. to acquire all outstanding common shares of Commercial Metals Company at a price of $15.00 per share. 

USITC to Continue Cases on Welded Carbon Steel Pipe from India, Oman, UAE, and Vietnam

12 December 2011 - The U.S. Department of Commerce will continue to conduct its antidumping and countervailing duty investigations on imports of circular welded carbon-quality steel pipe from India, Oman, the United Arab Emirates, and Vietnam based on the USITC’s finding of reasonable indication of material injury due to imports of these products.

Ryerson Opens Service Center in Tijuana, Mexico

09 December 2011 - Ryerson Inc. announced the opening of its newest service center in Tijuana, Baja California, Mexico, offering a wide range of products and processing capabilities.

Steel Import Permits Down 14% in November

09 December 2011 - Steel import permit applications totaled 1,984,000 net tons for the month of November, a 14% decrease from the 2,309,000 permit tons recorded in October according to the latest report from AISI.

AK Steel Announces Carbon Steel Price Increase

08 December 2011 - AK Steel announced plans to increase current spot market base prices for all carbon flat-rolled steel products effective immediately with new orders. 

Essar Steel Algoma Provides Support for new Sault College Academic Building

07 December 2011 - Essar Steel Algoma has given a $1 million check in support of Sault College's new academic building, representing the largest ever private donation in the College's history.

Main Steel Adds Key Senior Management

07 December 2011 - Joe DeCarlo has joined Main Steel Polishing Co. Inc. as its Vice President of Stainless Marketing, assuming responsibility for product management and promotion as well as driving new business development.

Carpenter Technology’s Amega West Expands Machining Capabilities in Canada

06 December 2011 - Carpenter Technology Corp. has agreed to acquire the assets of ARwin Machining Plus, Ltd. for approximately $1.4 million dollars, with an expected closing by December 15, 2011.

Severstal Columbus Launches New Push-Pull Pickle Line

06 December 2011 - Severstal North America’s new Push Pull Pickle Line is up and running at its site in Columbus, Miss. The new line is capable of pickling 0.059- to 0.500-inch by 36- to 74-inch product.

ATI to Supply Goodrich with Aerospace Forgings

06 December 2011 - Allegheny Technologies Inc. has signed a long-term sourcing agreement with the Goodrich Corp. for the supply of aerospace forgings used for landing gear components, from 2012 through 2015.

Cliffs Plans for Production Curtailment at Empire Mine

06 December 2011 - Cliffs Natural Resources anticipates full-year 2012 production volume at its Empire Mine in Michigan to be about 2.7 million tons, down from 2011's full-year expected production volume of approximately 4.6 million tons, due to planned blast furnace maintenance at one of Cliffs' North American customer's facilities.

USITC Makes Decision on Cut-to-Length Carbon Steel Plate

06 December 2011 - The U.S. International Trade Commission determined that revoking the existing antidumping and countervailing duty orders on cut-to-length carbon-quality steel plate from India, Indonesia, and Korea would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time. The existing orders on imports of these products from Italy and Japan will be revoked as a result of the Commission's negative determinations.

Ryerson Announces Major Expansion of Little Rock Operations

05 December 2011 - Ryerson announced a renovation and expansion of its Little Rock, Ark., service center including the addition of heavy plate leveling, straightening and forming equipment as well as shot-blasting capability.

Lakeside Reports 2nd Quarter Results, Proposed Financings

02 December 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.

Essar Steel Algoma Launches Community Investment Fund

01 December 2011 - Essar Steel Algoma Inc. has launched a $5 million Community Investment Fund that will provide for corporate contributions to local community charities, foundations and non-profit initiatives.

Vallourec to Build Premium Threading Facility in Youngstown

01 December 2011 - Vallourec announced the advancement of two projects to strengthen its positioning to serve the OCTG markets of North America and the Middle East. In North America, the company will construct a new premium threading facility in Youngstown, Ohio, through its subsidiary VAM USA LLC. In Saudi Arabia, Vallourec recently completed the acquisition of Zamil Pipes.

Ryerson Opens New Long Products Service Center in Houston

01 December 2011 - Ryerson has opened a new service center in Houston, Texas, that is completely devoted to the processing and distribution of long products.

SunCoke Energy Provides 2012 Outlook

30 November 2011 - SunCoke Energy provided an outlook for its business in 2012 including guidance on coke and coal production, earnings, capital expenditures and other key financial measures.

TMS International Receives 2011 Global Slag Environmental Award

30 November 2011 - TMS International’s Jewett, Texas, operation received the 2011 Global Slag Environmental Award from PRo Publications International Ltd. for implementing an environmentally friendly plan to control slag processing emissions and conserve water during the driest 12-month period in Texas since 1895.

CMC to Review Unsolicited Letter from Carl Icahn

29 November 2011 - Commercial Metals comments on the open letter released to the press by Carl Icahn proposing to acquire all outstanding common shares of Commercial Metals at a price of $15.00 per share.