Steel News

Steel Shipments, Inventories Increase at U.S., Canadian Metal Centers

20 October 2009 - Shipments of steel and aluminum from metals service centers in the U.S. and Canada rose slightly in September, as did steel inventories, according to the latest Metals Activity Report from the Metals Service Center Institute. Inventories of aluminum, however, continued to decline in both countries.

Steel Dynamics Reports Sharp Increase in Q3 Profitability

20 October 2009 - Steel Dynamics reports net income of $69 million on net sales of $1.2 billion for the third quarter, and a net loss of $35 million on net sales of $2.8 billion for the first nine months of 2009.

AK Steel Honors Women for Strength, Courage, Compassion, Leadership

19 October 2009 - The AK Steel Foundation is underwriting the inaugural Steel Magnolia Awards, which recognize eight women who have overcome obstacles to make a difference in others’ lives.

Timken and Union Agree on Proposed Contract

19 October 2009 - Timken and USW Local 1123 reach agreement on a new four-year contract covering associates at the company's facilities in Canton, Ohio.

Second Phase of Cleanup Underway at Former Gulf States Steel Site

16 October 2009 - EPA’s Superfund removal action at the Gulf States Steel Site recently entered into the second phase of cleanup.

Tube City IMS Receives 31 NSA Safety Awards

16 October 2009 - Tube City IMS sites receive 31 Safety Awards from the National Slag Association for 2008. The awards recognize superior performance as measured against OSHA recordable injury rates.

EPA to Weigh Public Comment on New Wastewater Permit for Gary Works

16 October 2009 - EPA Region 5 withdraws its earlier objections to a 2007 version of Indiana's wastewater discharge permit for U.S. Steel's Gary Works. EPA is withholding final judgment on the new draft permit until a 45-day comment period is completed.

August Steel Shipments Up 5.7% from July

16 October 2009 - U.S. steel mills shipped 5,570,000 net tons for the month of August 2009, a 5.7% increase from July according to the latest report from AISI.

Commerce Initiates AD, CVD Investigations of Steel Fasteners

15 October 2009 - The U.S. Department of Commerce announces that it will initiate antidumping and countervailing duty investigations on imports of certain standard steel fasteners from P.R. China (AD/CVD) and Taiwan (AD).

Nucor Steel Improves Worker Hearing Protection

15 October 2009 - Nucor Steel is using new state-of-the-art VeriPRO earplug fit testing technology from Howard Leight to evaluate whether each individual employee is receiving optimal on-the-job hearing protection.

ITC Makes Determination in “Sunset” Reviews of Carbon Steel Plate

14 October 2009 - The U.S. ITC determines that revoking the existing antidumping duty order on cut-to-length carbon steel plate from China and terminating the suspended investigations on this product from Russia and Ukraine would likely lead to continuation or recurrence of material injury within a reasonably foreseeable time.

worldsteel Provides 2010 Short Range Outlook for Steel

14 October 2009 - The World Steel Association is forecasting that apparent steel use will contract worldwide by -8.6% to 1,104 million tonnes in 2009.

Sandvik Settles Hazardous Waste Violations with EPA

13 October 2009 - The U.S. EPA reports Sandvik has agreed to pay a $160,017 penalty to settle alleged violations of hazardous waste regulations at its manufacturing facility in Clark Summit, Pa.

Carpenter Technology Announces New Leadership

13 October 2009 - The company formally splits the roles of Chairman and Chief Executive Officer into two positions. The Board of Directors appoints Gregory A. Pratt to serve as chair of the Board and interim CEO and President.

Cliffs to Acquire Partners’ 73.2% Interest in Wabush Mines

13 October 2009 - Cliffs Natural Resources plans to exercise its right of first refusal and acquire U.S. Steel Canada’s 44.6% interest and ArcelorMittal Dofasco’s 28.6% interest in the Wabush Mines joint venture.

NADCAP Accreditation for Böhler-Uddeholm Thermo-Tech

12 October 2009 - Böhler-Uddeholm Ltd., Canada, announces that its heat treatment division Böhler-Uddeholm Thermo-Tech has achieved NADCAP accreditation.

U.S. Steel Canada, ArcelorMittal to Sell Interests in Wabush Mines Joint Venture

12 October 2009 - U.S. Steel Canada and ArcelorMittal have entered into an agreement with Consolidated Thompson Iron Mines, providing for the purchase by Consolidated of U.S. Steel Canada's 44.6% interest and ArcelorMittal's 28.6% interest in Wabush Mines.