Producers
The latest news on the companies producing steel or raw materials used in the iron- and steelmaking process.
Latest News
Wheeling-Pitt Chairman Reaches Out to Shareholders Regarding Esmark
08 November 2007 - Wheeling-Pittsburgh Chairman James P. Bouchard issues a letter to shareholders regarding the upcoming combination with Esmark Inc.
Cleveland-Cliffs Shuffles PinnOak Management
07 November 2007 - Cleveland-Cliffs announces the promotion of two executives—and departure of the PinnOak President— as part of the company’s ongoing integration of the recently acquired PinnOak Resources.
Gerdau Ameristeel Reports 3rd Quarter Results
07 November 2007 - Gerdau Ameristeel reports net income of $123.8 million on revenues of $1.4 billion for the third quarter, and net income of $396.5 million on revenues of $4.1 billion for the nine months ended September 30, 2007.
AK Steel to Increase Carbon Steel Spot Prices
06 November 2007 - AK Steel will increase spot-market prices for its carbon steel products for new orders accepted for shipment on January 1, 2008 and later.
AK Steel to Increase Stainless Prices, Monthly Surcharges
06 November 2007 - AK Steel will increase transaction prices for all hot-rolled and cold-rolled stainless steel products by approximately 6%, and will add a $245 per ton surcharge to invoices for electrical steel products shipped in December 2007.
CMC Board Authorizes Purchase of Five Million Shares
06 November 2007 - Commercial Metals Co.’s board of directors authorizes purchase of up to 5,000,000 additional shares of the company’s common stock.
Universal Stainless Reaches Labor Agreement with Dunkirk Employees
06 November 2007 - Universal Stainless & Alloy Products subsidiary Dunkirk Specialty Steel reaches a new five-year collective bargaining agreement with Dunkirk hourly employees represented by USW Local 2693.
OSHA Cites C&A Metal Finishing Following Workplace Fatality
05 November 2007 - OSHA cites C&A Metal Finishing for one alleged willful and 14 alleged serious health and safety violations following an inspection prompted by a fatal accident.
Quanex Updates Fourth Quarter Guidance
05 November 2007 - Quanex expects to report fiscal 2007 diluted earnings per share from continuing operations in a range of $3.30 to $3.35, driven by flat growth in North American light vehicle builds and a nearly 25% reduction in housing starts.
Gerdau Ameristeel Prices Offering of Common Shares
05 November 2007 - Gerdau Ameristeel receives U.S. and Canadian regulatory approval of registration statement for its proposed offering of 110 million of its common shares.
ATI Board Approves Share Repurchase, Voluntary Pension Contribution
05 November 2007 - ATI Board approves a $500-million share repurchase program, and a nearly 40% increase in ATI’s quarterly dividend, and a $100-million voluntary contribution to its U.S. defined benefit pension plan in the fourth quarter 2007.
Cleveland-Cliffs Reports 3rd-Quarter Results
05 November 2007 - Cleveland-Cliffs reports net income of $56.9 million on consolidated revenues of $619.6 million for the third quarter, and net income of $176.3 million on consolidated revenues of $1492.7 million for the nine months ended Sept. 30, 2007.
EPA, Steel Dynamics Reach Agreement on Clean-Air Violations
02 November 2007 - U.S. EPA Region 5 reaches an agreement with Steel Dynamics on alleged clean-air violations at the company's Butler facility.
EPA Plans Public Hearing on Gary Works Draft Permit
02 November 2007 - U.S. Environmental Protection Agency Region 5 will hold a public hearing on its objections to Indiana's draft wastewater discharge permit for U.S. Steel's Gary Works.
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.
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