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The latest news on the companies producing steel or raw materials used in the iron- and steelmaking process.

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New Equipment Enables ThyssenKrupp Stainless USA to Produce Widths to 72 Inches

27 October 2011 - ThyssenKrupp Stainless USA has started up a hot strip annealing and pickling line and a second Sendzimir cold rolling mill at its Alabama plant.

AK Steel Reports Third Quarter 2011 Results

26 October 2011 - AK Steel reported a net loss of $3.5 million on net sales of $1,585.8 million for the third quarter and net income of $38.3 million on net sales of $4859.8 million for the first nine months of 2011.

U. S. Steel Reports 2011 3rd Quarter Results

26 October 2011 - United States Steel Corp. reported third quarter 2011 net income of $22 million, or $0.15 per diluted share, compared to a second quarter 2011 net income of $222 million, or $1.33 per diluted share, and a Q3 2010 net loss of $51 million, or $0.35 per diluted share.

Carpenter Selects Alabama as Site for Premium Products Facility

24 October 2011 - Carpenter Technology Limestone County, Ala., as the location for its recently announced new 400,000 square foot state-of-the-art manufacturing facility.

Nucor Reports Q3, Nine Months Results

21 October 2011 - Nucor reported consolidated net earnings of $181.5 million on consolidated net sales of $5.25 billion for the third quarter, and consolidated net earnings of $641.1 million on consolidated net sales of $15.194 billion for the first nine months of 2011.

CMC Receives Notice of Intention to Nominate Directors

20 October 2011 - Commercial Metals Co. (CMC) has received notice from Carl Icahn, and affiliated entities, of their intention to nominate three candidates for election to CMC's Board of Directors at the company's 2012 Annual Meeting. The notice also contains the intention to make certain proposals at the meeting.

Steel Dynamics Reports Third Quarter 2011 Results

18 October 2011 - Steel Dynamics, Inc. announced net income of $43 million on net sales of $2.0 billion for the third quarter, and net income of $248 million on net sales of $6.14 billion for the nine months ended September 30, 2011.

Steel Dynamics Names Millett as President and CEO, Effective 2012

17 October 2011 - The Steel Dynamics, Inc. Board of Directors has appointed Mark D. Millett to the position of President and Chief Executive Officer of the company, effective January 1, 2012. At that time, Keith Busse will become Chairman of the company's board of directors.

Nucor Lauds Passage of Currency Manipulation Legislation

13 October 2011 - Nucor Corp. commends the U.S. Senate for passing the bipartisan Currency Exchange Rate Oversight Reform Act of 2011 (S.1619), which provides sanctions on China or any other nation that manipulates its currency.

Universal Stainless Announces Vice President of Business Development

12 October 2011 - Universal Stainless & Alloy Products, Inc. announced the appointment of Jeffrey D. Daw to the position Vice President of Business Development.

Commercial Metals Company Announces Restructuring Actions

10 October 2011 - Commercial Metals has announced a number of restructuring actions, including the closure or sale of its CMC Sisak mill in Croatia, additional workforce reductions, closure of five rebar fabricating locations, and rationalization of eight construction services locations.

ALJ Announces 2011 Revenues; Refinancing and Expansion of Senior Financing

07 October 2011 - ALJ Regional Holdings, the parent company of Kentucky Electric Steel, reported revenues of $45.9 million for the fourth quarter and revenues of $162.1 million for the 2011 fiscal year. The company also announced the refinancing and increase of the senior financing agreement of Kentucky Electric Steel.

SunCoke Energy on Track for November Start-up in Middletown

06 October 2011 - SunCoke Energy, Inc. reaffirmed that start-up plans are on track for its new Middletown, Ohio, metallurgical cokemaking facility.

Horsehead and Nucor Expand, Extend Recycling Services Agreement

05 October 2011 - Horsehead Corp. has entered into a 10-year agreement with Nucor Corp. that will expand and extend the existing commercial relationship between the companies.

AK Steel Acquires Iron Ore, Met Coal Interests

05 October 2011 - AK Steel has formed a joint venture with Magnetation for the production of iron ore concentrate. In a separate transaction, AK Steel also acquired all of the stock of Solar Fuel Company, which has significant reserves of low volatile metallurgical coal.

ArcelorMittal Helps Automotive Customer in Recovery Effort

03 October 2011 - As Honda's largest North American steel supplier, ArcelorMittal USA decided to support the automaker following the devastating earthquake and resulting tsunami that hit the northeast coast of Japan in March 2011.

Union-Represented Employees at ATI Ladish Forging Ratify New Labor Agreements

03 October 2011 - Allegheny Technologies reports that union-represented employees at ATI Ladish Forging in Cudahy, Wis., have ratified six-year agreements covering approximately 650 employees.

Steel Dynamics Renews, Increases Revolving Credit Facility

30 September 2011 - Steel Dynamics has amended, restated and expanded its senior secured revolving credit facility from the prior $924 million level to a renewed five-year $1.1 billion facility.

United States Steel to Kick Off Annual United Way Campaign

30 September 2011 - United States Steel will kick off its Pittsburgh-area 2011 United Way employee campaign with its annual Party on the Plaza event on Friday, Sept. 30, 2011.

Worthington Reports First Quarter 2012 Results

29 September 2011 - Worthington Industries reported net earnings of $25.7 million on net sales of $602.4 million for its fiscal 2012 first quarter ended August 31, 2011.

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