30 July 2008 - The Steel Dynamics Board approves an increase of 5 million shares to the company’s existing share repurchase program, giving Steel Dynamics the authority to repurchase up to an additional 8.9 million shares.

U.S. Steel Reports 2nd Quarter Results

30 July 2008 - United States Steel Corp. reported net income of $668 million on net sales of $6.74 billion for the second quarter, and net income of $903 million on net sales of $11.94 billion for the first half of 2008.

Union to Picket Severstal North America

29 July 2008 - More than 300 members of Laborers' Local 1191 are picketing in front of Severstal North America in protest of the company's use of an out-of-state, non-unionized company for its demolition project.

Universal Stainless Reports 2nd Quarter Results

25 July 2008 - Universal Stainless & Alloy Products reported net income of $5.3 million on sales of $63.5 million for the second quarter, and net income of $10.0 million on sales of $120.3 million for the first six months of 2008.

U. S. Steel Dedicates New Training Center for Mon Valley Works

25 July 2008 - United States Steel celebrates the opening of its new Mon Valley Works Training Hub in Duquesne, Pa., which will serve as the primary training site for employees who work at the company's three Pittsburgh-area Mon Valley Works facilities.

Allegheny Technologies Reports 2nd Quarter Results

24 July 2008 - Allegheny Technologies reports net income of $168.9 million on sales of $1.46 billion for the second quarter, and net income of $310.9 million on sales of $2.80 billion for the first six months of 2008.

AK Steel to Make Early Contribution to Pension Trust Fund

24 July 2008 - AK Steel will make an early $75-million contribution to its pension trust fund.

AK Steel Project to Further Expand Electrical Steel Production

23 July 2008 - AK Steel’s board approves an additional $21-million capital investment to further expand the company's production capabilities for high value-added, grain-oriented electrical steels.

Nucor Chief to Support U.S. Manufacturing Council

23 July 2008 - Nucor Chairman, President and CEO Dan DiMicco is named to the U.S. Manufacturing Council.

Acquisitions Boost Steel Dynamics Sales, Earnings

23 July 2008 - Boosted by its recent acquisitions (The Techs, OmniSource, and Recycle South), Steel Dynamics reports net income of $210 million on net sales of $2.4 billion for the second quarter, and net income of $353 million on net sales of $4.3 billion for the first half of 2008.

AK Steel Reports 2nd Quarter Income

23 July 2008 - AK Steel reports net income of $145.2 million on record net sales of $2,236.6 million for the second quarter, and net income of $246.3 million on record sales of $4,028.0 million for the first six months of 2008.

Timken Raises 2nd-Quarter, Full-Year Earnings Estimates

22 July 2008 - The Timken Co. is raising its estimate for second-quarter 2008 earnings to approximately $0.92 per diluted share, a solid improvement over the company’s previous earnings estimates.

Latrobe Specialty Steel Announces End of Labor Dispute

22 July 2008 - Latrobe Specialty Steel welcomes the news that United Steelworkers Local 1537 has approved the recently negotiated collective bargaining agreement, bringing an end to the ongoing twelve-week work stoppage.

Mesabi Trust Declares Distribution

21 July 2008 - Trustees of Mesabi Trust declare a distribution of one dollar per Unit of Beneficial Interest for the second quarter, which compares to a distribution of thirty-one cents per Unit for the same period last year.

Gerdau Ameristeel Adds New Member to Board

21 July 2008 - Gerdau Ameristeel appoints former Cummins Vice President Rick J. Mills to its Board of Directors.

PSI to Supply Manufacturing System for ArcelorMittal Dofasco

21 July 2008 - Dofasco contracts PSI to supply a complete manufacturing execution system for all production areas, from hot rolling to finishing, at its Hamilton, Ont., facility.

Severstal Extends Tender Offer for Esmark Shares

21 July 2008 - OAO Severstal extends the expiration for its tender offer to purchase outstanding shares of Esmark to Monday, August 4, 2008.

Nucor Reports Record 2nd Quarter, Six-Month Results

18 July 2008 - Nucor announces record consolidated net earnings of $580.8 million on record consolidated net sales of $7.09 billion for the second quarter, and record consolidated net earnings of $990.5 million on record consolidated net sales of $12.06 billion for the first half of 2008.

Cleveland-Cliffs and Alpha Natural Resources to Merge

17 July 2008 - Cleveland-Cliffs and Alpha Natural Resources announce a definitive merger agreement in which Cleveland-Cliffs will acquire all outstanding shares of Alpha in a cash and stock transaction valued at approximately $10 billion.

AK Steel to Increase Carbon Steel Prices

16 July 2008 - AK Steel will increase spot market prices for its carbon steel products by $50 per ton effective with new orders scheduled for delivery on September 1, 2008 and later.

Page 378 of 528

View Latest Steel News