Steel News

ThyssenKrupp Holds Jobs Fair in Mobile County

10 December 2009 - ThyssenKrupp Steel USA and ThyssenKrupp Stainless USA holds jobs fair in Mount Vernon, Ala.

AK Steel to Further Increase Carbon Steel Prices

09 December 2009 - AK Steel announces an additional $30 per ton increase to spot market prices for carbon steel products for all new orders accepted for shipment on January 1, 2010 and later.

YTD Stainless, Specialty Imports Down More than 50% through August

07 December 2009 - Total stainless imports reached 234,989tons through August 2009, a 56.8% decrease compared to YTD August 2008 according to the latest report from the SSINA. Total specialty imports reached 308,239 tons through the same period, a 55.4% decrease compared to YTD August 2008.

Cliffs Amends Definitive Agreement to Acquire Freewest

07 December 2009 - Cliffs Natural Resources has amended the terms of the previously disclosed definitive agreement to acquire Freewest Resources Canada Inc. Under the terms of the amended agreement, each Freewest shareholder will now receive CAD$0.90 per share of fixed consideration exclusively in the form of Cliffs common stock.

AK Steel Announces January 2010 Surcharges

04 December 2009 - AK Steel will add a $155 per ton surcharge to invoices for electrical steel products shipped in January 2010.

Lakeside Plans to Increase Production; Obtains API Certification

03 December 2009 - Lakeside Steel Inc. plans to increase production on its ERW 2 to 8-in Mill in January of 2010. The company also receives American Petroleum Institute approval to apply the API monogram and license number to its upset, threaded, and coupled oil well tubing products.

USW Continues to Push for Trade Law Enforcement

03 December 2009 - The United Steelworkers calls for a final countervailing duty and a preliminary antidumping duty to be placed on dumped and subsidized Chinese pipe imports, in testimony before the six-member U.S. International Trade Commission.

Horsehead to Acquire INMETCO

03 December 2009 - Horsehead Holding Corp. plans to acquire The International Metals Reclamation Co. (INMETCO). The acquisition is expected to close on December 31.

November Steel Import Permits Down 11%

03 December 2009 - Steel import permit applications reached 1,386,000 net tons for the month of November, an 11% decrease from the 1,561,000 permit tons recorded in October 2009, according to the latest report from AISI.

Essar Steel Algoma to Offer Senior Secured Notes due 2015

01 December 2009 - Essar Steel Algoma is proposing to offer US$325 million aggregate principal amount of senior secured notes due 2015.

Gerdau Ameristeel Announces $610 Million Refinancing

30 November 2009 - Gerdau Ameristeel enters into a loan agreement to borrow $610 million on arm's length terms from Gerdau Holdings, a subsidiary of Gerdau S.A.

Lakeside Steel Supports Decision on Imported Chinese Pipe and Tube Products

30 November 2009 - Lakeside Steel Inc. welcomes the Canada Border Services Agency's preliminary determination that Chinese imports of welded oil and gas well casing and seamless and welded oil and gas well tubing have been dumped and subsidized in the Canadian market.

Carpenter Technology Announces Completion of Syndicated Credit Facility

30 November 2009 - Carpenter Technology completes a three-year, $200-million syndicated credit facility.

Cliffs to Acquire Chromite Deposits from Freewest

27 November 2009 - Cliffs Natural Resources Inc. has entered into a definitive agreement to acquire the “Ring of Fire” chromite properties of Freewest Resources Canada Inc. The transaction is expected to close in the first quarter of 2010.

Essar Steel Algoma Sells Remaining Interest in Cogeneration Facility

27 November 2009 - Essar Steel Algoma has completed the sale of its remaining 50.1% equity interest in Algoma Energy LP to Essar Power Canada Ltd. for C$136 million.

AISI Endorses Trade, Competitiveness Conclusions of U.S.-China Report

27 November 2009 - The American Iron and Steel Institute reports that it “soundly endorses” key trade and competitiveness-related conclusions contained in the 2009 Annual Report to Congress recently issued by the U.S.-China Economic and Security Review Commission.

U.S. Commerce Department Finds Subsidization of OCTG from China

25 November 2009 - The Department of Commerce announced on November 24 its final determination in the countervailing duty investigation on imports of oil country tubular goods from P.R. China. It found that Chinese producers/exporters of OCTG have received net countervailable subsidies ranging from 10.36 to 15.78%.

AK Tube Plant Recertified in VPP Safety Program

25 November 2009 - The Columbus, Ind., plant of AK Tube has been recertified as a Star site in the Indiana Department of Labor's Voluntary Protection Program (VPP). The Star designation signifies that the plant's safety programs surpass OSHA requirements.

Preliminary Steel Imports Rise Again in October

25 November 2009 - The U.S. imported a total of 1,560,000 net tons of steel in October 2009, a 29% increase compared to September final data, according to the latest report from AISI.

ArcelorMittal Dofasco, Employees Support United Way

24 November 2009 - ArcelorMittal Dofasco and its employees make a $1 million donation to the United Way of Burlington & Greater Hamilton.