Steel News

SMS Concast to Supply Vertical Bloom Caster for Timken Faircrest

23 April 2012 - SMS Concast AG has been awarded jointly with SMS Concast America Inc. of Pittsburgh, Pa., a major contract from The Timken Co. to supply a three(four)-strand UHQ vertical bloom casting facility for Timken’s Faircrest steel plant in Canton, Ohio.

World Steel Association Reports March 2012 Crude Steel Production

23 April 2012 - Crude steel production for the 62 countries reporting to the World Steel Association was 132 million tonnes (Mt) in March 2012, an increase of 1.8% compared to March 2011. Production for the first quarter of 2012 was 377 Mt, 1.1% higher than the first quarter of 2011.

Metals USA Reports First Quarter 2012 Results

20 April 2012 - Metals USA Holdings Corp. reported net sales for the first quarter of 2012, ended March 31, of $525.3 million, up 22% from net sales of $432.3 million recorded for the first quarter of 2011. Net income was $16.3 million, compared to first quarter 2011 net income of $12.4 million.

Praxair to Supply Industrial Gases for New Deacero Plant at Coahuila

20 April 2012 - Praxair Mexico has signed a new contract with Mexican steel company Deacero to supply oxygen, argon, and nitrogen to a new plant being built in Ramos Arizpe, Coahuila, in north Mexico.

Steel Dynamics Reports First Quarter 2012 Results

20 April 2012 - Steel Dynamics, Inc. announced first quarter net income of $46 million, or $0.20 per diluted share, on net sales of $2.0 billion. By comparison, prior-year first quarter net income was $106 million, or $0.46 per diluted share, and sequential fourth quarter 2011 net income was $30 million, or $0.14 per diluted share.

Nucor Reports First Quarter 2012 Results

20 April 2012 - Nucor Corp. announced consolidated net earnings of $145.1 million, or $0.46 per diluted share, for the first quarter of 2012, compared to net earnings of $159.8 million, or $0.50 per diluted share, for the first quarter of 2011 and net earnings of $137.1 million, or $0.43 per diluted share, in the fourth quarter of 2011.

Ryerson to Open New Illinois Service Center

19 April 2012 - Ryerson Inc. announced that it will open a new bar processing depot and full line service center in DeKalb, Ill. The 150,000-square-foot facility is expected to begin operations in June 2012.

SSINA Releases Market Data for January 2012

19 April 2012 - Imports of total stainless steel in YTD January 2012 were 70,107 tons, a 4.7% increase compared to a year ago, according to recently released statistical data from the Specialty Steel Industry of North America (SSINA).

Reliance Increases 2012 First Quarter Outlook

19 April 2012 - Reliance Steel & Aluminum is updating its guidance regarding the company’s earnings estimates for the first quarter ended March 31, 2012.

February Steel Shipments Down 1.1% from January

18 April 2012 - U.S. steel mills shipped 8,407,343 net tons for the month of February 2012, a 1.1% decrease from the 8,497,932 net tons shipped in the previous month, according to the latest release from AISI.

Metals Service Center Growth Levels Off in March

18 April 2012 - March service center shipments of aluminum and steel were only slightly changed in both the United States and Canada, with inventory positions also remaining nearly constant in both countries, according the latest report from the Metals Service Center Institute.

CMC President and CEO to Address AISTech 2012 Attendees

17 April 2012 - Joseph Alvarado, President and CEO of Commercial Metals Company, has been announced as the keynote speaker for the AIST President’s Award Breakfast, part of AISTech 2012, North America’s largest gathering of steel industry personnel.

USW Requests Investigation into Incident with Picketer, Cascade Steel Security Guard

16 April 2012 - The United Steelworkers has demanded an investigation of the Cascade Steel security guard who struck and injured a USW member who was picketing early Thursday morning, April 12, at Cascade Steel in McMinnville, Ore.

OSHA Reaches Settlement with Republic to Include Additional Safety Measures, Training at Mills

13 April 2012 - The U.S. Department of Labor has reached a settlement agreement with Republic Steel Inc. resolving citations issued by the department's Occupational Safety and Health Administration in May 2011 for violations found at the company's facility in Lorain, Ohio.

Siemens Installs Drive System for SSAB’s Montepelier Steckel Mill

13 April 2012 - Siemens recently commissioned a new drive system at the SSAB Americas’ plate and Steckel mill in Montpelier. The order included two Siemens Sinamics SM150 drive systems and synchronous motors to replace the mill’s existing equipment.

ALJ Releases Second Quarter Revenue Performance

12 April 2012 - ALJ Regional Holdings, the parent company of Kentucky Electric Steel, reported revenue of $44.6 million for the second quarter and revenue of $83.4 million for the six months ended March 31, 2012.

ITC to Conduct Sunset Review of Corrosion-Resistant Carbon Steel Products

10 April 2012 - The U.S. International Trade Commission has voted to conduct full five-year (sunset) reviews concerning the countervailing duty order on corrosion-resistant carbon steel flat products from Korea and the antidumping duty orders on such products from Germany and Korea.

Schnitzer Reports Second Quarter Fiscal 2012 Results

06 April 2012 - Schnitzer Steel Industries, Inc. reported diluted earnings per share from continuing operations of $0.35 for its fiscal 2012 second quarter ended February 29, 2012, compared to $0.25 in the first quarter of fiscal 2012.

SunCoke Energy Reports First Quarter Production

06 April 2012 - SunCoke Energy, Inc. reported preliminary first quarter 2012 U.S. coke production of 1,072 thousand tons, an estimated increase of 211,000 tons, or 25%, compared to the same period in 2011. Its total U.S. coke-making capacity utilization was 100% in first quarter 2012 versus 95% a year ago.

Finished Steel Imports up 13% in March

05 April 2012 - The U.S. imported a total of 3,144,000 net tons of steel in March, up 22% from February final data, according to the latest report from AISI. Finished steel imports were up 21% over the same period.