Producers
The latest news on the companies producing steel or raw materials used in the iron- and steelmaking process.
Latest News
Posco Completes Plate Mill II Improvements
01 August 2005 - The Plate Rolling Dept. of Posco’s Pohang Works recently held a ceremony to commemorate completion of improvements in the Plate Mill II, making its first step to launching a system of high-quality steel production.
ThyssenKrupp Stahl Reshuffles Management Board at Rasselstein
01 August 2005 - Effective October 1, 2005, two new directors will join the management board of Rasselstein GmbH in Andernach:
Arcelor to Combine Brazilian Operations in a Single Company
01 August 2005 - Arcelor will combine all its Brazilian long and flat carbon steels businesses — CST, Vega do Sul and Belgo — in a single company. Arcelor will hold the majority stake in the new company, which will be listed on Brazil's São Paulo stock exchange.
ThyssenKrupp Approved for Brazilian Steel Mill Project
01 August 2005 - The supervisory bodies of ThyssenKrupp have endorsed the continued pursuit of the project to build a steel mill in Brazil.
ThyssenKrupp Stahl Approved for Blast Furnace Installation
01 August 2005 - The Düsseldorf district authority granted approval to ThyssenKrupp Stahl AG for the construction of Blast Furnace No. 8. The investment is the centerpiece of a modernization program for the company’s hot metal base in Duisburg-Hamborn, which also includes the relining of nearby Blast Furnace No. 9. The 41-year-old Blast Furnace No. 4 will then be shut down and kept only as a back-up unit. The concept is to be implemented by 2008 at a total cost of €340 million.
Norambar Establishes New Credit Facility
01 August 2005 - Norambar Inc. has obtained an arrangement for a new credit facility.
Timken Reports Record 2nd Quarter Results
29 July 2005 - The Timken Co. reported net income of $67.3 million on sales of $1.3 billion for the second quarter of 2005. Results reflect a 17% increase in sales and more than doubling of earnings per share compared to a year ago.
Allegheny Technologies Reports Strong 2nd Quarter Results
28 July 2005 - Allegheny Technologies Inc. (ATI) reported net income of $91.7 million on sales of $904.2 million for the second quarter 2005.
Ipsco Reports Record 2nd Quarter Results
28 July 2005 - Ipsco Inc. announced net income of $126 million on sales of $667 million for the second quarter of 2005. and net income of $281 million on sales of $1,413 million for the first six months of 2005.
Dofasco Posts Solid 2nd Quarter Results
28 July 2005 - Dofasco Inc. reported consolidated net income of $59.2 million on consolidated sales of $1,061.0 million for the second quarter of 2005.
Steelworkers Local 8782 Issues Strike Notice to Stelco
28 July 2005 - The United Steelworkers' Local 8782 has sent a letter to Stelco Inc. CEO Courtenay Pratt, informing him that, as of Wednesday, July 27 2005, the union is serving 90-day strike notice.
U. S. Steel Announces Common Stock Repurchase Program
27 July 2005 - United States Steel Corp.’s Board of Directors has approved the repurchase of up to eight million shares of United States Steel Corp. common stock.
AK Steel Reports 2nd Quarter Results
27 July 2005 - AK Steel reported net income of $9.0 million on record net sales of $1,454.6 million for the second quarter of 2005.
U. S. Steel Reports 2nd Quarter Results
27 July 2005 - United States Steel Corp. reported net income of $245 million on net sales of $3,582 million for the second quarter of 2005.
Metl-Span Adds New Steel Panel Plant in Nevada
26 July 2005 - Grupo Imsa has inaugurated a new insulated steel panel production facility in North Las Vegas. The US$8.5 million dollar investment increases the production capacity for Metl-Span, ImsaTec's U.S. subsidiary, by 30%. With the acquisition, Metl-Span now has production facilities in Texas, Virginia and Nevada, positioning it to better serve the entire U.S. market.
NS Group Reports Record 2nd Quarter Results
26 July 2005 - NS Group, Inc. reported record net income of $37.2 million on record net sales of $167.8 million for the quarter, and net income of $56.6 million on net sales of $306.8 million for the six months ended June 30, 2005.
Carpenter Technology Reports Fiscal 2005 Results
26 July 2005 - Carpenter Technology Corp. reported record net income of $47.8 million on record sales of $362.4 million for the fourth quarter, and record net income of $135.5 million on record net sales of $1.3 billion for the fiscal year ended June 30, 2005. Results reflected favorable market conditions and benefits from the company's continued focus on lean and variation reduction.
SMS Demag to Modernize Steel Dynamics CSP Plant
26 July 2005 - Steel Dynamics, Inc. (SDI) has placed an order with SMS Demag, Germany, to modernize the casting strands of the CSP® plant (Compact Strip Production), which were commissioned in 1995 (first strand) and 1996 (second strand).
Mittal Steel ISG USA Repurchases Bonds
25 July 2005 - Mittal Steel ISG USA Inc. announced the repurchase of $100 million aggregate principal amount of its 6.50% Notes due April 15, 2014, pursuant to a single negotiated purchase transaction.
Dofasco Completes Acquisition of Quebec Cartier Mining
25 July 2005 - Dofasco has successfully completed its acquisition of Quebec Cartier Mining Co. (QCM) following receipt of regulatory approval.
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