Steel News

ALJ Announces 1st Quarter Earnings

16 February 2012 - ALJ, the parent company of Kentucky Electric Steel, reported a net profit of $1.724 million on net sales of $38.90 million for the first quarter ended December 31, 2011.

Russel Metals Reports Strong 2011 Results

16 February 2012 - Russel Metals Inc. announced earnings of $29 million on revenues of $712 million for the fourth quarter and earnings of $118 million on revenues of $2.7 billion for the full year 2011.

Air Liquide Brings New ASU Online in Louisiana

14 February 2012 - Air Liquide Large Industries U.S. LP has started up a new Air Separation Unit (ASU) at its facility in Geismar, La. to increase its supply of nitrogen, oxygen and argon to customers in a range of industries.

Siemens VAI to Supply Simetal Quantum EAF for Talleres y Aceros

13 February 2012 - Siemens VAI Metals Technologies has received an order from Mexican steelmaker Talleres y Aceros S.A. de C.V. to supply a new compact steelmaking plant with a capacity of 1.2 million tons of steel per annum for its Ixtaczoquitlan site.

Essar Steel Algoma Reports Positive 4th Quarter EBITDA

13 February 2012 - Essar Steel Algoma reported positive EBITDA of $30.2 million and a net loss of $50.8 million on sales of $490.5 million for the three month period ending December 31, 2011.

Severstal NA Honored by SMA for Zero Lost Time Accidents at Severstal Columbus

10 February 2012 - The Steel Manufacturers Association (SMA) has selected Severstal North America to receive a safety award in recognition of Zero Lost Time Accidents (LTA) at the company’s Columbus, Miss., facility.

Timken, USW Local 1123 Reach New Tentative Agreement

09 February 2012 - The Timken Company and the United Steelworkers (USW) Local 1123 have reached a new tentative agreement on a five-year contract, subject to a member ratification vote within the next two weeks.

Cliffs to Dissolve Michigan Iron Nuggets Joint Venture with Kobe Steel

08 February 2012 - Cliffs Natural Resources Inc. has announced plans to dissolve its Michigan Iron Nuggets Joint Venture with Kobe Steel.

NLMK USA Sets New Records in Production and Quality

07 February 2012 - NLMK’s plant at NLMK Indiana has ended 2011 setting 10 new production records, including the production of a new annual tonnage record for the meltshop of 672,756 cast tons with an average tap-to-tap time of 71.31 minutes. Capacities were running at over 90%.

AK Steel Reacts to DOE’s Proposed Transformer Efficiency Standards

06 February 2012 - AK Steel says it does not expect the revised energy efficiency standards just proposed by the U.S. Department of Energy to significantly impact the overall competitiveness of the company's grain-oriented electrical steels.

AK Steel Reports 4th Quarter, Full-Year 2011 Results

03 February 2012 - AK Steel reported a net loss of $193.9 million on net sales of $1,509.2 million for the fourth quarter, and a net loss of $155.6 million on net sales of $6,468.0 million for the full year of 2011.

Total Steel Import Permit Tons up 21% in January

03 February 2012 - Total steel import permit applications reached 2,691,000 net tons for the month of January 2012, a 21% increase from the 2,230,000 permit tons recorded in December according to the most recent report from AISI.

Reliance Steel & Aluminum Acquires McKey Perforating Company

02 February 2012 - Reliance Steel & Aluminum announced completion of the acquisition of McKey Perforating Co., Inc. and its subsidiary McKey Perforated Products Co.

November Steel Shipments Down 6.7% from October

01 February 2012 - U.S. steel mills shipped 7,404,828 net tons for the month of November 2011, a 6.7% decrease from the 7,933,653 net tons shipped in the previous month according to the latest report from AISI.

U. S. Steel Reports 4th Quarter and Full-Year Results

01 February 2012 - United States Steel reported a net loss of $226 million on net sales of $4.664 billion for the fourth quarter, and a net loss of $68 million on net sales of $19.636 billion for the full year 2011.

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.