Producers
The latest news on the companies producing steel or raw materials used in the iron- and steelmaking process.
Latest News
AK Steel Recognized for 2007 Stock Performance
08 January 2008 - CNNMoney.com names AK Steel Holding as one of the ten best performing Fortune 500 stocks for 2007, noting the company’s "solid 174% increase in stock performance" in 2007.
Schnitzer Steel Reports 23% Increase in First Quarter EPS
08 January 2008 - Schnitzer Steel reports net income of $25 million on revenues of $604 million for the fiscal 2008 first quarter ended November 30, 2007.
AK Steel Announces February 2008 Surcharges
07 January 2008 - AK Steel will add a $265/ton surcharge to invoices for electrical steel products shipped in February 2008.
ThyssenKrupp Begins Hiring for New Alabama Carbon and Stainless Mill
07 January 2008 - ThyssenKrupp Steel USA and ThyssenKrupp Stainless USA have begun the hiring process for professional salaried positions for their new $3.7 billion state-of-the-art carbon and stainless steel processing facility in Calvert, Ala.
SeverStal Shuffles SeverCorr Management Team, Pushes for Ownership
03 January 2008 - SeverStal announces that SeverCorr CEO John Correnti and other founding senior managers will transition executive management of SeverCorr to SeverStal.
CMC Reports Solid First Quarter
27 December 2007 - Commercial Metals reports net earnings of $69.2 million on net sales of $2.1 billion for the quarter ended November 30, 2007.
Universal & Stainless Alloy Announces New President and CEO
27 December 2007 - Universal Stainless & Alloy Products names Dennis Oates President and CEO, replacing founder Mac McAninch as Chairman and Ken Matz as President.
Worthington Reports Second Quarter Results
24 December 2007 - Worthington Industries reports net earnings were $14.7 million on net sales of $713.7 million for the second quarter of fiscal 2008, and net income of $34.9 million on net sales of $1,472.6 million for the six-months ended November 30, 2007.
Carpenter to Sell Ceramics Businesses to Morgan Crucible
24 December 2007 - Carpenter Technology will sell its ceramic operations to Morgan Crucible, a U.K.-based advanced materials company. The sale, which includes both Certech and Carpenter Advanced Ceramics, is expected to generate pre-tax proceeds of approximately $147 million.
Horsehead to Process Nucor’s EAF Dust on Regional Basis
24 December 2007 - Horsehead and Nucor agree to expand their existing commercial relationship to include regional recycling of Nucor's EAF dust by Horsehead.
AK Steel Receives Payment for Recapitalization of Combined Metals
21 December 2007 - AK Steel receives a $42.6-million cash payment from the recapitalization of Combined Metals of Chicago LLC, a private company in which AK Steel holds a 40% equity interest.
Republic VEBA Participants Get Second Cost Reduction in Two Years
21 December 2007 - Retiree healthcare contributions will be lowered for USW-represented retirees and surviving spouses from former Republic Technologies International that are participating in the Voluntary Employee Beneficiary Association.
U. S. Steel Names Three New Leaders for State Governmental Affairs
21 December 2007 - United States Steel announces three appointments with responsibility for governmental affairs in a number of states in which the company operates, including Alabama, Arkansas, Illinois, Indiana, Michigan, Minnesota, Oklahoma, and Texas.
Timken Provides Rolling Mill Training for Steel Dynamics and other Producers
20 December 2007 - The need to train new millwrights to replace retiring veterans is accelerating demand for Timken’s Rolling Mill Industry Training classes, with demand for the training class nearly doubling in 2007 alone.
Steel Dynamics Updates Earnings Guidance
20 December 2007 - Excluding the effect of its late-October acquisition of OmniSource, Steel Dynamics expects fourth quarter earnings to be in line with the guidance that was issued in October.
California Steel to Implement Broner Demand Modeller
19 December 2007 - Broner will supply California Steel with its Demand Modeller, which will help to support customer service, planning for slab acquisition, and capacity management.
WorleyParsons to Install Smart-Gas System for Wheeling Pittsburgh Steel EAF
19 December 2007 - WorleyParsons Gas Cleaning will install a complete Smart-Gas System that will allow Wheeling-Pittsburgh Steel to optimize total energy utilization in their Mingo Junction EAF.
AISI to Participate in Future Steel Vehicle Global Initiative
18 December 2007 - The American Iron and Steel Institute announces plans to participate in the Future Steel Vehicle project, a global research initiative focused on the mitigation of automotive greenhouse gas emissions.
U. S. Steel Announces High-Profile Addition to Washington Office
18 December 2007 - United States Steel announces the addition of Katie R. McCall to its Washington, D.C., office as Manager—Federal Governmental Affairs.
EPA Rule to Reduce Mercury, PM Releases from EAF Facilities
18 December 2007 - The EPA issues new air emissions standards for mercury and particulate matter emissions from EAF-based steel manufacturers by requiring them to buy motor-vehicle scrap only from providers that participate in the EPA-approved National Vehicle Mercury Switch Recovery Program.
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