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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

Carpenter Announces 10b5-1 Share Repurchase Plan

11 September 2007 - Carpenter Technology enters into a Rule 10b5-1 Plan to facilitate the repurchase of up to $115 million of its common stock.

Former Nucor CFO Honored by National Financial Organization

11 September 2007 - Financial Executives International selects former Nucor Vice Chairman, CFO, Treasurer and Secretary Sam Siegel as an inductee for the 2007 class of the FEI Hall of Fame.

Nucor Announces Resignation Of Director

10 September 2007 - Director Ray Milchovich resigns from the Nucor Board of Directors due to other demands on his time.

Universal Stainless Announces Tool Steel Base Price Increase

10 September 2007 - Universal Stainless & Alloy Products will increase base prices by 5 to 7% on all tool steel products manufactured at its Bridgeville and Dunkirk facilities.

OSHA to Recognize Nucor for Safety and Health Excellence at Norfolk

10 September 2007 - Nucor’s Norfolk, Neb., facility earns membership into OSHA’s prestigious Voluntary Protection Programs at the merit level.

Nucor Announces Additional Share Repurchase Program

07 September 2007 - Nucor’s Board of Directors unanimously approves the repurchase of up to an additional 30 million shares of the company's common stock.

Republic to Invest $12.5 Million at Canton

07 September 2007 - Republic will invest $12.5 million at its Canton meltshop to install new, state-of-the-art equipment for producing bottom-poured ingots for the open-die forging, seamless rolled ring, and electrode markets.

Nucor Promotes Ferriola, Builds up Senior Management Team

07 September 2007 - Nucor’s board of directors names John Ferriola as Chief Operating Officer of Steelmaking Operations, and announces a series of executive promotions as part of the move.

ArcelorMittal Confirms Acquisition of Wabush Mines

06 September 2007 - ArcelorMittal announces that it will exercise its Dofasco subsidiary’s option to acquire the remaining shares of iron ore and pellet producer Wabush Mines from Stelco and Cleveland Cliffs.

Mum’s the Word for Chaparral Steel Board

06 September 2007 - Chaparral Steel Board of Directors elects to express no opinion and remains neutral toward Gerdau Ameristeel’s August 30 offer to purchase any and all of Chaparral's outstanding 10% Senior Notes due 2013 and the related consent solicitation.

Justice Department Okays Sale of Sparrows Point to E2 Acquisition

06 September 2007 - The United States Department of Justice approves E2 Acquisition Corp.’s acquisition of the Sparrows Point mill from ArcelorMittal USA for a purchase price of $1.35 billion.

Government Agencies Grant Two of Three Permits to Minnesota Steel

06 September 2007 - Minnesota Steel moves one step closer to construction with the wetlands and water quality permits just issued by the Minnesota Department of Natural Resources and the U.S. Army Corps of Engineers.

AK Steel Announces October Electrical Surcharges

05 September 2007 - AK Steel will add a $225 per ton surcharge to invoices for electrical steel products shipped in October 2007.

German Authorities Clear Acquisition of Chaparral

05 September 2007 - Federal Cartel Office of the Federal Republic of Germany clears the Agreement and Plan of Arrangement for Gerdau Ameristeel’s acquisition of Chaparral Steel.

Consolidated Thompson Drops Wabush Plans Following Dofasco Decision

04 September 2007 - Consolidated Thompson says it will not proceed with its purchase of a majority interest in the Wabush Mines Joint Venture following Dofasco’s notification that it will exercise its option to purchase Stelco’s and Cleveland Cliffs’ interests.

ArcelorMittal Completes Laser Welding Deal with Noble International

04 September 2007 - ArcelorMittal and Noble International complete the transaction to combine their laser-welded tailored blanks businesses in an approximately US$300-million deal involving eight production facilities in western and eastern Europe, China, India and the U.S., plus interest in two joint ventures in Asia.

Gerdau Ameristeel Acquisition of Chaparral Clears Another Hurdle

04 September 2007 - The Committee on Foreign Investment in the United States okays the Agreement and Plan of Arrangement for Gerdau Ameristeel’s acquisition of Chaparral Steel.

CMC Chairman Announces Retirement Plans

31 August 2007 - Chairman of Commercial Metals Board of Directors Stanley A. Rabin announces his intent to retire at the end of CMC's 2008 fiscal year on August 31, 2008.

Horsehead Employees Reach Tentative Agreement on New Contract

31 August 2007 - Just as the current contract is about to expire, members of United Steelworkers local 8183-25 reach a tentative labor agreement covering 32 hourly members at Horsehead's Monaca, Pa., facility.

Gerdau Ameristeel Announces Revised Financing Commitment

31 August 2007 - Gerdau Ameristeel replaces a previously announced financing commitment intended to fund the company’s pending acquisition of Chaparral Steel with a firm commitment from ABN AMRO Bank NV, HSBC and J.P. Morgan Securities as Joint Lead Arrangers.

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