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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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Expired Contract Doesn’t Stop Universal Stainless Dunkirk Workers

02 November 2007 - While negotiations for a new labor contract are underway, hourly employees at Universal Stainless & Alloy Products’ Dunkirk Specialty Steel subsidiary will continue to work under terms of the previous collective bargaining agreement, which expired at midnight on October 31, 2007.

Carpenter Technology Reports Record 1st Quarter Results

01 November 2007 - Carpenter Technology reports net income of $57.7 million on record net sales of $475 million for its fiscal first quarter.

U.S. Steel Completes Stelco Acquisition, Announces Management Team

01 November 2007 - United States Steel completes its acquisition of Stelco, and names the management team for the newly acquired facilities, which have been renamed as U. S. Steel Canada.

CMC Reports Second-Best Quarterly Results

31 October 2007 - Commercial Metals reports net earnings of $104.7 million on net sales of $2.3 billion for the fourth quarter, and net earnings of $355.4 million on net sales of $8.3 billion for the year ended August 31, 2007.

U.S. Steel Reports 3rd Quarter Results

31 October 2007 - United States Steel reports net income of $269 million on net sales of $4.35 billion for the third quarter, and net income of $844 million on net sales of $12.34 billion for the first nine months of 2007.

Schnitzer Steel Reports 4th Quarter, Year-End Results

30 October 2007 - Schnitzer Steel Industries reports net income of $38 million on consolidated revenues of $749 million for the fiscal fourth quarter, and net income of $131 million on consolidated revenues of $2.6 billion for the year ended August 31, 2007.

CCR Technologies to Streamline Ladle Movement at Nucor’s Auburn Meltshop

30 October 2007 - Nucor Steel recently awarded a contract to CCR Technologies to design and supply a Ladle Turret System for the continuous casting machine at Nucor’s Auburn, N.Y., meltshop.

Republic Seeks OHSAS 18001:2007 Certification

30 October 2007 - Republic Engineered Products will seek certification to the Occupational Health and Safety Assessment Series Standard OHSAS 18001:2007 as part of the cooperative efforts with its union to promote ‘Health, Safety and the Environment’.

Tenova Goodfellow to Install EFSOP Technology on Wheeling Pittsburgh EAF

30 October 2007 - Tenova Goodfellow will install Goodfellow EFSOP process control technology on Wheeling-Pittsburgh’s 270-ton Consteel EAF installation at the company’s Steubenville/Mingo Junction Plant.

Canadian Ministry Clears U.S. Steel’s Acquisition of Stelco

30 October 2007 - United States Steel receives approval of its acquisition of Stelco from the Canadian Minister of Industry under the Investment Canada Act.

Wheeling-Pittsburgh Sets Special Meeting of Stockholders

29 October 2007 - Wheeling-Pittsburgh schedules the special meeting of its stockholders to consider and vote on the proposed business combination with Esmark.

Steel Dynamics Completes OmniSource Acquisition

29 October 2007 - Steel Dynamics completes its acquisition of OmniSource for approximately $1.1 billion, including $425 million in cash, 9.7 million shares of SDI common stock, and the assumption of approximately $220 million of debt, which was repaid on closing.

Stelco Shareholders Okay Acquisition by U.S. Steel

29 October 2007 - Stelco shareholders overwhelmingly approve the corporation’s arrangement for its acquisition by United States Steel during a special meeting of shareholders.

Parsytec to Supply Surface Inspection Systems for Anshan

26 October 2007 - Parsytec AG will install surface inspection systems to inspect silicon steel processed on two continuous annealing lines at Anshan Iron & Steel’s new silicon plant in Angang.

SeverCorr Reaches Production in Record Time

26 October 2007 - SeverCorr officials and their supporters celebrate the facility’s accomplishments, including complete startup less than two years after groundbreaking.

Cleveland-Cliffs Completes Pinnacle Mine Longwall Move

25 October 2007 - Cleveland-Cliffs resumes normal production at Pinnacle Mine after completing the move of its longwall plow system because of sandstone intrusions in the coal panel.

Universal Stainless Reports 3rd Quarter Results

25 October 2007 - Universal Stainless & Alloy Products reports net income of $5.5 million on sales of $62.0 million for the third quarter, and net income of $18.1 million on sales of $180.3 million for the first nine months of 2007.

Stelco Reports 3rd Quarter Results, Status of Acquisition

25 October 2007 - Stelco reports net income of $38 million on sales of $634 million for the quarter, and a net loss of $42 million on sales of $1.96 billion for the nine months ended September 30, 2007.

Allegheny Technologies Reports 3rd Quarter Earnings

25 October 2007 - Allegheny Technologies reports net income of $193.9 million on sales of $1.33 billion for the third quarter, and net income of $598.2 million on sales of $4.18 billion for the first nine months of 2007.

Wheeling-Pittsburgh and Esmark Amend Merger Agreement

24 October 2007 - Wheeling-Pittsburgh and Esmark enter into an amendment to their definitive merger agreement to adjust the timing of the put and purchase rights that will be granted to Wheeling-Pittsburgh stockholders in connection with the combination.

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