Producers
The latest news on the companies producing steel or raw materials used in the iron- and steelmaking process.
Latest News
Gerdau Ameristeel Amends Credit Facility
02 November 2005 - Gerdau Ameristeel Corp. has amended and restated its existing senior secured revolving credit facility.
Worthington and its Employees Donate to Hurricane Relief
02 November 2005 - Worthington Industries, Inc. and its employees have donated $108,231 to the American Red Cross to benefit the victims of hurricane Katrina. The company matched dollar for dollar donations made by employees.
CCR Technologies to Upgrade SDI Columbia City Caster
01 November 2005 - Steel Dynamics has awarded CCR Technologies Inc. a contract to supply a Beam Blank Weighing and Cut-to-Weight system for its existing 3-strand caster at the Columbia City facility.
Oregon Steel Mills Announces 3rd Quarter Results
01 November 2005 - Oregon Steel Mills, Inc. reported net income of $20.2 million on sales of $299.7 million for the third quarter of 2005.
Dofasco Posts 3rd Quarter Net Income
01 November 2005 - Dofasco Inc. reported consolidated net income of $5.2 million on consolidated sales of $1,104.5 million for the third quarter of 2005.
Anshan Commissions New SMS Mevac RH Unit
01 November 2005 - Anshan New Iron & Steel Co., Ltd., P.R. China, has successfully commissioned its second RH-recirculation degasser, delivered by SMS Mevac GmbH.
Siemens to Supply New Main Drive for ThyssenKrupp Tandem Cold Mill
01 November 2005 - The Siemens Industrial Solutions and Services Group (I&S) has received an order from ThyssenKrupp Steel AG to supply a new main drive for the BETA coupled tandem pickling line at its Dortmund plant. The order is valued at approximately three million euros.
Calvi and Hoesch Hohenlimburg to Merge Special Profiles Interests
01 November 2005 - The Italian Calvi Holding Group and Hoesch Hohenlimburg GmbH have agreed in principle on the sale to Calvi of a 75.1% majority interest in the special profiles operations of Hoesch Hohenlimburg. The merger will create the world’s largest and technologically leading manufacturer of rolled, extruded and cold-drawn special profiles.
Arcelor to Increase Stake in Brazilian Stainless Steel Producer Acesita
01 November 2005 - Arcelor recently entered into a definitive agreement with two Brazilian pension funds regarding its acquisition Acesita SA common shares representing 25% of the Brazilian stainless steel producer's voting capital and 8% of its total capital stock.
ThyssenKrupp Acier Starts up New High Strength Steel Slitting Line
01 November 2005 - ThyssenKrupp Service Acier has begun operation of a new slitting line.
Posco Raises the Bar for Average PCI Rates
01 November 2005 - Posco recently achieved pulverized coal injection rates of 204 kg per tonne of hot metal on all blast furnaces at its Kwangyang Works. The 204 kg/tonne rate is the highest average rate of pulverized coal injection (PCI) in the company, and has helped to significantly lower ironmaking costs.
ThyssenKrupp to Increase Prices in January
01 November 2005 - ThyssenKrupp Steel AG recently announced it would increase its prices by €20/t for hot-rolled, cold-rolled and coated products as well as non-grain-oriented electrical steel sold under quarterly contracts. The increases will become effective on January 1, 2006.
Arcelor, Baosteel and Nippon Celebrate Opening for Automotive Sheet Facility
01 November 2005 - Arcelor, Baosteel and Nippon Steel recently celebrated the opening of their automotive steel sheet joint venture, Baosteel-NSC/Arcelor Automotive Steel Sheet Co., Ltd. (BNA) in Shanghai.
Stein Heurtey to Supply Walking Beam Furnace for VA Stahl Upgrade
01 November 2005 - Stein Heurtey was recently awarded a contract by voestalpine Stahl GmbH for the turnkey supply of a 420 tonnes per hour Digit@l walking beam furnace. Stein Heurtey will also supply the charging and discharging machines.
Siemens to Supply Replacement Converter for Ahmsa
01 November 2005 - Altos Hornos de Mexico, SA de CV (Ahmsa) recently awarded the VAI Division of Siemens Group Industrial Solutions and Services (I&S) a contract to engineer and supply a new 60-ton replacement converter. The contract value is EUR 1.67 million.
Danieli to Upgrade Bar Finishing Line at Gerdau Riograndense
01 November 2005 - Gerdau Riograndense, Brazil, recently awarded an order to Danieli Morgårdshammar to upgrade its bar and light section rolling mill.
Dofasco and ThyssenKrupp Announce Friendly All-Cash Deal
01 November 2005 - Dofasco and ThyssenKrupp have reached an agreement for ThyssenKrupp to acquire Dofasco in a friendly, all-cash transaction.
Mittal Steel Completes Acquisition of Kryvorizstal
01 November 2005 - Mittal Steel Co. NV has completed its acquisition of 93.02% of Kryvorizhstal.
Cleveland-Cliffs Reports Nine-Month Earnings
28 October 2005 - Cleveland-Cliffs Inc. reported net income of $85.6 million for 2005's third quarter and a record net income of $210.5 million for the first nine months.
Timken Reports Strong Earnings, Record 3rd Quarter Sales
27 October 2005 - The Timken Co. reported net income of $39.8 million on record sales of $1.3 billion for the third quarter of 2005.
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