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The latest news on companies processing and distributing steel products.

Latest News

Maverick Tube Announces Canadian Amalgamation

27 December 2005 - Maverick Tube Corp. announced the amalgamation of certain of its Canadian subsidiaries.

Gibraltar Amends Credit Facility, Completes Notes Offering

14 December 2005 - Gibraltar Industries, Inc. has amended its senior secured credit facility and completed a private offering of senior subordinated notes.

Russel Metals Director Tenders Resignation

13 December 2005 - Mr. Pierre Brunet has notified Russel Metals Inc. that he will resign from the company’ Board of Directors effective December 31, 2005, due to his increased workload as Chairman of the Caisse de depot et placement du Quebec. Mr. Brunet had assumed his role as Chairman after joining the Russel Metals Board of Directors.

Steel Technologies Files Annual Report on Form 10-K

12 December 2005 - Steel Technologies Inc. reported that it is filing its Annual Report on Form 10-K for fiscal 2005, which reflects a non-cash adjustment from its November 1, 2005 preliminary release to increase deferred tax liabilities as of September 30, 2005.

Apollo Financers Adjust Condition for Metals USA Acquisition

07 November 2005 - Metals USA, Inc. announced that the banks providing the debt financing for Apollo Management, LP's pending merger transaction with the company have agreed to modify their debt financing commitment letter in a manner that will result in a key financial condition being satisfied.

Gibraltar Reports 3rd Quarter Sales and Earnings

04 November 2005 - Gibraltar Industries, Inc. reported net income of $12.7 million on sales of $282 million for the third quarter, and net income of $39.3 million on sales of $844 million for the nine months ended September 30, 2005.

Ryerson Tull Executives Establish 10b5-1 Trading Plans

02 November 2005 - Ryerson Tull, Inc. announced that several of its executives have entered into sales plans established in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.

Steel Technologies Reports Year-End Results

02 November 2005 - Steel Technologies Inc. reported net income of $1.5 million on sales of $204.4 million for the fourth quarter, and record net income of $37.1 million on record sales of $1.0 billion for the fiscal year ended September 30, 2005.

Olympic Steel Reports 3rd Quarter Results

28 October 2005 - Olympic Steel, Inc., announced net income of $2.2 million on net sales of $208.4 million for the third quarter, and net income of $14.8 million on net sales of $734.4 million for the nine months ended September 30, 2005.

EMJ Reports 2nd Quarter Results

28 October 2005 - Earle M. Jorgensen Co. reported net income of $18.9 million on revenues of $412.9 million for the second fiscal quarter ended September 28, 2005.

Maverick Tube Reports 3rd Quarter Results

26 October 2005 - Maverick Tube Corp. reported net income of $39.2 million on net sales of $489.1 million for the third quarter ended September 30, 2005.

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