Steel News

Timken Supplies Bearings for Large Vertical Slag Mill in China

11 May 2012 - The Timken Co. has supplied bearings for one of China's largest vertical slag mills, featuring a 5.7-meter (18.7-feet) grinding table. The mill was developed by CITIC Heavy Industries Co. Ltd., one of China's top manufacturers of cement-producing equipment.

AK Steel Announces Carbon Steel Price Increase

10 May 2012 - AK Steel announces plans to increase current spot market base prices for all carbon flat-rolled steel products.

SMS Siemag, SMS INNSE to Upgrade ACERINOX Meltshop

09 May 2012 - ACERINOX, Palmones, Spain, has awarded SMS Siemag and SMS INNSE S.p.A. a contract for the modernization of the electric arc furnace and the supply of an AOD converter vessel, respectively.

Gerdau to Replace Continuous Caster at St. Paul Facility

08 May 2012 - Gerdau plans to invest $50 million to replace the continuous caster at its St. Paul, Minn., mill. The investment will increase Special Bar Quality (SBQ) capacity by 100,000 tonnes and increase the mill’s total capacity to 550,000 tonnes.

Gerdau Announces Additional $21.6 Million Capital Investment in Michigan

08 May 2012 - Gerdau will spend an additional $21.6 million to increase its straightening and quality inspection capabilities at its North American special steel facility in Monroe, Mich.

Nucor Facilities Receive Environmental Awards

07 May 2012 - Vulcraft-Texas and Century Industrial Coatings have been honored with the 2012 Texas Environmental Excellence Award for reducing VOC emissions. Nucor Steel-Berkeley has been awarded the South Carolina Manufacturers Association's "Made in SC Excellence in Corporate Responsibility Award."

Ruukki Signs Coking Coal, Pellet Contract with Severstal

04 May 2012 - Rautaruukki has signed a three-year contract for supplies of coking coal and iron pellets with Severstal Resources, a division of the Russian company OAO Severstal.

Worthington Announces Succession Plan for President & COO Steel

30 April 2012 - Worthington Industries, Inc. announced that Mark A. Russell will become the next President and Chief Operating Officer of the company, effective Aug. 1, 2012, replacing George P. Stoe. Geoff G. Gilmore will replace Russell becoming the next president of Worthington Steel also on Aug. 1.

Timken Posts Record First Quarter, Raises Full-Year Outlook

27 April 2012 - The Timken Co. reported record sales of $1.4 billion in the first quarter of 2012, an increase of 13% over the same period a year ago. The company also generated record income of $155.7 million, or $1.58 per diluted share, compared with $112.7 million, or $1.13 per diluted share, a year ago.

AK Steel Reports Financial Results for First Quarter of 2012

26 April 2012 - AK Steel reported a net loss of $11.8 million on net sales of $1,508.7 million for the first quarter of 2012.

United States Steel Reports 2012 First Quarter Results

25 April 2012 - United States Steel Corp. reported a net loss of $219 million on net sales of $5.172 billion for the first quarter of 2012.

AK Steel's Coshocton Works Recognized for Outstanding Safety Performance

25 April 2012 - The Ohio Bureau of Workers' Compensation, Division of Safety and Hygiene has recognized AK Steel's Coshocton Works for operating 2,952,729 hours without a lost-time injury between February 20, 2008 and August 5, 2011.

Timken Breaks Ground on Faircrest Expansion

24 April 2012 - The Timken Co. celebrated the start of work on a $225 million expansion of its Faircrest Steel Plant that will feature the addition of a new ladle refiner and large-bloom continuous caster.

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.

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.

Severstal, RÜTGERS Group Set up Coal Tar Conversion JV

19 April 2012 - OAO Severstal and RÜTGERS Group signed an agreement to establish a joint venture named RÜTGERS SEVERTAR, which will manufacture vacuumized pitch, industrial oils, and naphthalene.

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.

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.