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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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Latest News

Universal Stainless Increases Tool Steel Base Price

05 May 2008 - Universal Stainless & Alloy will increase base price by 5 to 7% for all tool steel products manufactured at its Bridgeville and Dunkirk facilities.

AK Steel to Increase Carbon Steel Prices

05 May 2008 - AK Steel will increase spot market prices for its carbon steel products by $75 per ton for all new orders, effective immediately.

Worthington Industries President and CFO to Retire

05 May 2008 - Worthington Industries President and CFO John Christie requests early retirement, but will stay with the company through the end of July to permit an orderly close of the company’s yearly financial statements and a smooth transition to a new CFO.

Timken to Increase Prices on SBQ Products

02 May 2008 - Timken will increase base prices on hot-rolled, cold-finished and thermal-treated special bar quality products, effective with shipments beginning July 1.

Esmark Announces Year-End Results

01 May 2008 - Esmark reports a net loss of $12.3 million on net sales of $313.4 million for the fourth quarter, and a net loss of $9.0 million on net sales of $825.6 million for the year ended December 31, 2007.

Timken Reports Record 1st Quarter Results

01 May 2008 - Timken reports net income of $84.5 million on sales of $1.43 billion for the first quarter of 2008.

Esmark Agrees to Merge with Essar Steel

01 May 2008 - Esmark agrees to the material terms of a proposed tender offer and merger with Essar Steel Holdings Limited for a cash purchase price of $17.00 per share.

CMC Acquires Assets of Rebar Services and Supply Company

30 April 2008 - Commercial Metals Co. completes its acquisition of the operating assets of Rebar Services and Supply Co. of Fort Worth, Texas.

Carpenter Technology Reports 3rd Quarter Results

30 April 2008 - Carpenter Technology reports net income of $120.0 million ($50.8 million from continuing operations) on sales of $509.8 million for the fiscal third quarter ended March 31, 2008.

U.S. Steel Reports 1st Quarter Results

30 April 2008 - United States Steel reports net income of $235 million on net sales of $5196 million for the first quarter of 2008.

AK Steel Employees Compete for the Health of it

29 April 2008 - Employees at AK Steel's Middletown Works complete a voluntary weight-loss program designed to promote healthy lifestyles.

New Sunoco Facility to Supply Coke to U.S. Steel

29 April 2008 - Sunoco’s Gateway Energy and Coke Co. will build a heat-recovery coke manufacturing facility in Granite City that will supply metallurgical-grade coke and steam to the neighboring U. S. Steel plant.

Northwest Pipe Reports 1st Quarter Results

28 April 2008 - Northwest Pipe reports net income of $5.0 million on sales of $94.0 million for the first quarter of 2008.

Universal Stainless Reports 1st Quarter Results

28 April 2008 - Universal Stainless & Alloy Products reports net income of $4.7 million on sales of $56.8 million for the first quarter of 2008.

Worthington Remembers Founder, John H. McConnell

28 April 2008 - Worthington Industries founder John H. McConnell passed away on April 25, 2008.

Esmark on Notice from Nasdaq for Delay in Filing Form 10-K

28 April 2008 - Nasdaq notifies Esmark that the company is no longer in compliance with Nasdaq Marketplace Rule 4310(c)(14) for continued listing due to Esmark’s failure to timely file its 2007 Annual Report on Form 10-K with the Securities and Exchange Commission.

U. S. Steel Names GM for North American Flat-Rolled Marketing

25 April 2008 - United States Steel announces the appointment of Robert J. Beltz as General Manager—North American Flat-Rolled Marketing.

Republic to Invest in Precision Sizing Mill for Lackawanna Operation

25 April 2008 - Republic Engineered Products will invest approximately $20 million in a precision sizing mill and related equipment for its Lackawanna steel rolling facility.

SeverStal Completes Management Transition at SeverCorr

25 April 2008 - Severstal completes its purchase of the outstanding ownership shares belonging to SeverCorr’s founding management team. John Correnti will leave SeverCorr as part of the purchase deal, as will Michael Wagner, Richard Painter, Edward Lehner, and Wynn Calland.

U. S. Steel Announces Management Changes in Commercial Organizations

25 April 2008 - United States Steel announces a series of management changes within its North American and European commercial organizations, including the return of John B. Peters from U. S. Steel Kosice to serve as General Manager—North American Flat-Rolled Customer Service.

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