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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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AK Steel Announces October 2010 Surcharges

02 September 2010 - AK Steel says it will add a $350 per ton surcharge to invoices for electrical steel products shipped in October 2010.

Universal Stainless Names New Chief Technology Officer

01 September 2010 - Universal Stainless & Alloy Products, Inc. has named Arthur C. Reardon, Ph.D., to the newly created position of Chief Technology Officer effective August 31, 2010. He will lead metallurgical process development and oversee all company laboratory capability testing and analysis.

Timken to Increase Prices on Cold-Drawn Tubing

31 August 2010 - Timken announces plans to increase prices on cold-drawn carbon and alloy seamless mechanical tubing by up to 30%, depending on size and product specification.

Gerdau Closes Gerdau Ameristeel Transaction

31 August 2010 - Gerdau Ameristeel and Gerdau announce the completion of Gerdau’s acquisition of all remaining shares of Gerdau Ameristeel pursuant to the recently announced plan of arrangement.

Gerdau Ameristeel Obtains Final Order for Plan of Arrangement

30 August 2010 - The Ontario Superior Court of Justice has issued a final order approving the plan of arrangement for Gerdau SA’s acquisition of all remaining common shares of Gerdau Ameristeel. The plan is expected to close on Monday, August 30, 2010.

AK Steel Celebrates Bricklaying Ceremony for New SunCoke Plant

26 August 2010 - AK Steel held a ceremonial bricklaying for the new $360-million SunCoke Energy plant that will be built adjacent to AK Steel's Middletown Works in Middletown, Ohio.

Gerdau Ameristeel Shareholders Approve Gerdau’s Acquisition of Remaining Shares

25 August 2010 - Gerdau Ameristeel's shareholders approve Gerdau SA’s acquisition of all remaining common shares of Gerdau Ameristeel for US$11.00 in cash per common share. Once completed, the deal will make Gerdau Ameristeel a wholly owned subsidiary of Gerdau.

AK Steel Names New VP of Sales and Customer Service

24 August 2010 - AK Steel has named Gary T. Barlow as Vice President, Sales and Customer Service, effective September 1, 2010. Barlow succeeds Douglas W. Gant, who is retiring after 30 years of service to the company.

ALJ Announces 3rd Quarter Earnings

18 August 2010 - ALJ, the parent company of Kentucky Electric, reported net income of $4.49 million on net sales of $30.97 million for the third quarter, and net income of $5.22 million on net sales of $80.45 million for the nine months ended June 30, 2010.

Timken to Invest $50 Million in Ohio Steel Plants

13 August 2010 - Timken announces plans to invest approximately $50 million for the installation of a new intermediate finishing line at its Gambrinus Steel Plant and expansion of the steel lay-down yard at the small-bar mill at its Harrison Steel Plant.

State Specifies Air Quality Upgrades for Evraz Claymont Steel

11 August 2010 - Delaware’s Department of Natural Resources and Environmental Control has signed a Consent Decree with Evraz Inc. North America regarding air quality control technologies at Evraz Claymont Steel.

CMC Announces Management Promotions

10 August 2010 - Commercial Metals Co.'s Board of Directors has promoted four officers, all of whom had previously been elected a Vice President of CMC. They will now serve as Senior Vice President in addition to their existing titles reflecting specific areas of responsibility.

Keystone Reports Q2 2010 Results

09 August 2010 - Keystone Consolidated Industries, Inc. reported net income of $6.7 million, or $0.56 per diluted share, in the second quarter of 2010 vs. net income of $1.0 million, or $0.08 per diluted share, for the same period last year. Sales volume was also significantly higher, resulting in more normal production schedules throughout the quarter.

Severstal Columbus Adds Campus Partners to Expand Services

06 August 2010 - Severstal Columbus LLC welcomes two new downstream campus partners to its Lowndes County facility. Mississippi Steel Processing and New Process Steel are constructing facilities that will each begin operation late in the first quarter of 2011.

Nucor Exec Reappointed to United States Manufacturing Council

06 August 2010 - Nucor Corp. Chairman, President, and CEO Daniel R. DiMicco has been reappointed to serve on the United States Manufacturing Council. He has served on this board for the past two years as a liaison between the federal government and the country's manufacturing sector.

Gerdau Ameristeel Reports Profit for 2nd Consecutive Quarter

06 August 2010 - Gerdau Ameristeel reported net income of $46.7 million on net sales of $1.3 billion for the second quarter, and net income of $71.9 million on net sales of $2.5 billion for the six months ended June 30, 2010.

ArcelorMittal Dofasco Develops New Ultra-Low Carbon Steel Technology

06 August 2010 - ArcelorMittal has unveiled a new ultra-low carbon production technology at its Dofasco plant in Hamilton, Canada, that will allow the production of more advanced grades of automotive steel. The technology was recognized with the Leadership and Innovation Award as part of the Group's Performance Excellence Awards.

Cliffs Closes Acquisition of INR Energy’s Coal Operations

03 August 2010 - Cliffs Natural Resources Inc. has closed on its previously announced acquisition of INR Energy, LLC’s coal operations in southern West Virginia. The transaction will increase Cliffs’ global coal production capacity to more than 9 million tons in 2011.

Universal Stainless Reaches Early Labor Agreement with Titusville Employees

03 August 2010 - Universal Stainless & Alloy Products, Inc. has reached a new five-year collective bargaining agreement effective October 1, 2010, with the Titusville, Pa., hourly employees represented by Local 7312-03 of the USW.

AK Steel Announces Carbon Steel Price Increase, September Surcharges

03 August 2010 - AK Steel is increasing current spot market base prices by $40 per ton, effective immediately with all new orders for carbon steel products. The company also announced that it would be adding a $350 per ton surcharge for electrical steel products shipped in September 2010.

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