07 October 2005 - The Timken Co. announced the acquisition of Bearing Inspection, Inc. (Bii), a leading independent provider of aerospace bearing inspection and reconditioning services. Terms of the acquisition, which Timken expects to be accretive during the first year of ownership, were not disclosed.

Gerdau Ameristeel Adds Moré Catfis Manipulator to Charlotte EAF

06 October 2005 - Gerdau Ameristeel recently started up a new Catfis automatic temperature/sampling EAF manipulator at its Charlotte facility.

Macsteel Service Centers Acquires Alpha Processing

05 October 2005 - Macsteel Service Centers USA, Inc., announced today that it is expanding its heavy gauge steel processing capabilities by acquiring the business and assets of Alpha Processing, Inc. (API), located in Chicago, Ill. Terms of the purchase were not disclosed.

Dofasco Completes Acquisition of Copperweld Tubing Businesses

05 October 2005 - Dofasco Inc. has successfully completed the acquisition of certain assets of Copperweld Holding Co. of Pittsburgh, Pa., through a transaction with Atlas Tube Inc. of Harrow, Ont.

Court Okays Stelco Agreements, Creditor Meetings

05 October 2005 -  

ABB to Power New SeverCorr Facility

05 October 2005 - ABB has received a contract to supply a high power rectifier system and two static var compensator (SVC) systems for the new SeverCorr, LLC steel mill to be built in Columbus, Miss.

GE Commercial Finance Provides Financing for SeverCorr

05 October 2005 - GE Commercial Finance has structured and arranged $440 million in senior financing to support the construction of SeverCorr LLC, a 1.5 million tons/year state-of-the-art steel mill in Lowndes County, Miss.

Schnitzer Steel Completes Separation with Hugo Neu

04 October 2005 - Schnitzer Steel Industries, Inc. and Hugo Neu Corp. have completed the transaction to separate and terminate their various joint venture relationships.

Carpenter Announces Energy Surcharge

04 October 2005 - Carpenter Technology Corp.’s Specialty Alloys Operations (SAO) unit is implementing an energy surcharge on all orders shipped after October 15. The surcharge will apply to all SAO stainless and specialty alloy products and reflects dramatic increases in natural gas prices.

Universal Stainless Reports Titusville Employee Work Stoppage

04 October 2005 - Universal Stainless & Alloy Products, Inc. announced that the Titusville facility hourly employees, represented by Local 7312-03 of the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union, AFL-CIO-CLC, have rejected a new collective bargaining agreement offered by the company. The company’s offer included increased wages and other benefits.

Ohio Steel Producers Report First Half Results

04 October 2005 - Ohio steelmakers posted moderately strong production and shipping figures for the first half of 2005, even as the market struggled to emerge from an inventory correction that began before the end of 2004.

AK Steel to Recycle Waste Materials at Ashland Works

04 October 2005 - AK Steel announced the construction of a new recycling facility at its Ashland (Ky.) Works to process and recycle waste materials from the plant's blast furnace, cokemaking operation and continuous caster.

Wheeling-Pittsburgh Steel Updates Third Quarter Outlook

03 October 2005 - Wheeling-Pittsburgh Steel Corp. announced that it expects operating income for the third quarter to be more than $20 million lower than previously expected. This is primarily due to greater than anticipated increases in scrap costs in the third quarter, as well as lower selling prices. Third quarter shipments are expected to be 550,000 tons (up 25,000 tons), and production is expected to be 570,000 tons (30,000 tons lower).

Wheeling-Pittsburgh and Severstal NA form Mountain State Carbon

03 October 2005 - Wheeling-Pittsburgh Steel Corp. and SNA Carbon, LLC announced the formation and funding of their new joint venture, Mountain State Carbon LLC. The new venture now owns Wheeling-Pittsburgh's coke plant in Follansbee, W.Va.

Mittal Steel USA to Restart Indiana Harbor Blast Furnace

03 October 2005 - Mittal Steel has elected to restart a blast furnace in its East Chicago, Ind., facility at about the time another is going down in Cleveland. The moves are part of the company's ongoing effort to balance its supply of steel with the demand for its products in the marketplace and maintenance needs for various ironmaking and steelmaking equipment.

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