Steel News

American Steel Industry Supports WTO Decision on Chinese Export Policies

31 January 2012 - The American Iron and Steel Institute, the Steel Manufacturers Association, the Specialty Steel Industry of North America, the Committee on Pipe and Tube Imports, and the United Steelworkers support the favorable decision by the Appellate Body of the World Trade Organization, which held that China’s restraints on exports of various raw materials violated its WTO obligations.

Lakeside Steel Announces Management Changes

31 January 2012 - Lakeside Steel Inc. announced that Vic Alboini is no longer the Chairman and CEO of the company. The company has appointed Norman Findlay as Interim Chairman of the Board.

United States Steel to Sell U. S. Steel Serbia

31 January 2012 - United States Steel Corp. announced plans to sell its U. S. Steel Serbia d.o.o. unit to the Republic of Serbia for a nominal purchase price.

Metals USA reports 4th Quarter, Fiscal 2011 Results

31 January 2012 - Metals USA Holdings reported net income of $14.0 million on net sales of $455.7 million for the fourth quarter and net income of $64.6 million on net sales of $1.9 billion for the year ended December 31, 2011.

Universal Stainless Reports 4th Quarter 2011 Results

30 January 2012 - Universal Stainless & Alloy Products, Inc. reported net income of $4.3 million on sales of $62.2 million for the fourth quarter, and net income of $18.1 million on record sales of $252.6 million for the full year of 2011.

Nucor CEO Wins AISC Robert P. Stupp Award

30 January 2012 - Nucor Corp. Chairman and Chief Executive Officer, Daniel R. DiMicco, was announced as the recipient of the Robert P. Stupp Award for Leadership Excellence by the American Institute of Steel Construction. He will be honored at AISC's 2012 North American Steel Construction Conference in April.

Carpenter Technology Reports Second Quarter Results

30 January 2012 - Carpenter Technology reported net income attributable to Carpenter of $23.6 million ($0.52 per share) for the quarter ended December 31, 2011.

Allegheny Technologies Reports 4th Quarter, Full Year 2011 Results

27 January 2012 - Allegheny Technologies Inc. reported net income for the fourth quarter 2011 of $31.7 million, or $0.29 per share, on sales of $1.25 billion. For the full year 2011, net income was $214.3 million, or $1.97 per share, on sales of $5.18 billion.

Nucor Reports Results for 4th Quarter, Year Ended 2011

27 January 2012 - Nucor Corp. reported consolidated net earnings of $137.1 million on consolidated net sales of $4.83 billion for the fourth quarter, and consolidated net earnings of $778.2 million on consolidated net sales of $20.02 billion for the full year 2010.

Lakeside Steel, JMC Steel Group Execute Arrangement Agreement

26 January 2012 - Lakeside Steel Inc. and JMC Steel Group, Inc. have entered into a definitive agreement pursuant to which JMC Steel Group, Inc., through a wholly owned subsidiary, has agreed to acquire all of the issued and outstanding common shares of Lakeside at a price of $0.2983 per share in cash.

Nucor to Expand Special Bar Quality Production

26 January 2012 - Nucor Corp. has announced plans for the continued expansion of its special bar quality (SBQ) production capabilities by a combined one million tons over the next two years. 

Steel Dynamics Reports 4th Quarter, 2011 Results

26 January 2012 - Steel Dynamics, Inc. announced net income of $30 million on net sales of $1.9 billion for the fourth quarter, and net income of $278 million on net sales of $8.0 billion for the full year 2011.

ALJ Reports First Quarter Revenue Performance

26 January 2012 - ALJ Regional Holdings, the parent company of Kentucky Electric Steel, reported revenue of $38.9 million for the first fiscal quarter ended December 31, 2011.

AK Steel Announces Stainless Steel Price Increase

25 January 2012 - AK Steel announced plans to increase base prices for all 200, 300 and 400 series flat rolled stainless steel products, effective with shipments on March 4, 2012.

Preliminary Finished Steel Imports Up 15% in 2011 vs. 2010

25 January 2012 - The U.S. imported a total of 1,997,000 net tons of steel in December, down 6% vs. the November final data, according to the latest report from AISI. Finished steel imports were down 9% through the same period.

AK Steel Announces Retirement of Alan McCoy

24 January 2012 - AK Steel announces the retirement of Alan H. McCoy, Vice President, Government and Public Relations, effective January 31, 2012.

2011 World Crude Steel Production Finishes 6.8% Ahead of 2010

24 January 2012 - World crude steel production for the 66 countries reporting to the World Steel Association stood at an estimated 1526.9 million tonnes for the year 2011, 6.8% vs. 2010 and a record for global crude steel production.

RG Steel Restarts Blast Furnace at Sparrows Point, Strengthens Liquidity with New Capital

23 January 2012 - RG Steel announced that the “L” blast furnace at its Sparrows Point plant has resumed operations and should reach normal operating rates within several days. The company also announced that affiliates of Cerberus Capital Management, L.P. and The Renco Group, Inc. have committed to provide RG Steel with significant new capital that improves its liquidity and provides the financial ability to execute its business strategy.

Cliffs Announces 2012 Capital Expenditure Plan

20 January 2012 - Cliffs Natural Resources Inc. announced projected full-year 2012 capital expenditures expectations, including its plans to invest approximately $1 billion, comprised of about $300 million of sustaining capital and $700 million of growth and productivity-improvement capital.

Metal Shipments Show Double Digit Year-Over-Year Growth

19 January 2012 - Service center shipments grew at slightly higher levels in December for both steel and aluminum in Canada, according to the latest Metals Activity Report from the Metals Service Center Institute. In the U.S., steel shipments grew at about half the rate as last month and aluminum-shipment growth remained about the same.