Producers
The latest news on the companies producing steel or raw materials used in the iron- and steelmaking process.
Latest News
Universal Stainless to Increase Tool Steel Plate Prices
06 October 2004 - Universal Stainless & Alloy Products, Inc. announced a 6% price increase effective on shipments scheduled for November 1, 2004 for all tool steel plate products manufactured at its Bridgeville, Pa., facility.
Gerdau Ameristeel Files Prospectus for Share Offering
06 October 2004 - Gerdau Ameristeel Corp. has filed a preliminary short form prospectus with the securities regulatory authorities in all provinces and territories of Canada, and a registration statement on Form F-10 with the United States Securities and Exchange Commission, for a proposed offering in the United States and Canada of 70 million of its common shares.
AK Steel Bumps up 3rd Quarter Earnings Expectations
06 October 2004 - AK Steel anticipates reporting better-than-expected results for the third quarter of 2004.
USWA to Challenge Court Ruling on Former Republic Pensions
06 October 2004 - The United Steelworkers of America (USWA) intends to challenge last week's ruling by the United States Court of Appeals for the Sixth Circuit denying shutdown benefits to thousands of former employees of Republic Technologies International (RTI) in Ohio, Indiana, Pennsylvania, Illinois, and New York. The ruling overturned a September 30, 2003 decision by U.S. District Court Judge Peter Economus.
Mark Brandon Hired as Nucor Manager of Technical Business Development
06 October 2004 - Nucor Corp. announced the hiring of Mark M. Brandon to the position of Manager of Technical Business Development, effective October 11, 2004.
Stelco Adds Three More Facilities to the For-Sale List
06 October 2004 - Stelco Inc. has elected to pursue the sale of wholly owned subsidiaries AltaSteel Ltd. and Norambar Inc., as well as the company's 40% ownership interest in Camrose Pipe Co. Stelco had previously announced its decision to seek buyers for Stelfil, Stelpipe and Stelwire.
Universal Stainless Increases Line of Credit
05 October 2004 - Universal Stainless & Alloy Products, Inc. has increased its revolving credit facility with PNC Bank to $15 million from $6.5 million and extended the term to June 30, 2006. All other terms of the credit facility remain unchanged.
Gerdau AmeriSteel to Install JetBOx Technology on Consteel EAF
05 October 2004 - Gerdau AmeriSteel has awarded a contract to Process Technology International, Inc. (PTI) to install PTI’s patented JetBOx™ system on the 75-ton Consteel AC EAF at the company’s Charlotte, N.C., mill.
Wheeling-Pittsburgh Makes First Heat in New LMF
05 October 2004 - Wheeling-Pittsburgh Steel Corp. announced that its ladle metallurgy furnace (LMF) completed its first heat on Friday, Oct. 1, just 14 months after the project was authorized. The LMF is part of Wheeling-Pittsburgh’s new Consteel(R) Electric Arc Furnace system.
Stelco Reacts to 90-Day Notice by USWA Local 8782
04 October 2004 - USWA Local 8782 has issued 90 days notice of a potential strike at Stelco Inc.'s Lake Erie facility. The notice is required under the June 23rd Agreement between Stelco and its USWA Locals.
VAI Revamps Arvedi Thin Slab Caster
01 October 2004 - VAI has successfully upgraded and restarted the thin-slab caster of the existing Arvedi Steel Technology line (AST line) of Acciaieria Arvedi in Cremona, Italy.
ThyssenKrupp Steel Sells Berkenhoff Subsidiary
01 October 2004 - ThyssenKrupp Steel AG subsidiary Berkenhoff GmbH has been sold to the private equity investor Granville Baird Capital Partners in Hamburg as part of a management buyout. The sale was effective October 1, 2004.
VAI Pomini Logs Long Products Rolling Mill and Caster Orders
01 October 2004 - VAI recently recorded successful orders valued at approximately 26 million euro for its subsidiary VAI Pomini.
Ispat Iscor Commences Routine Blast Furnace Repairs
01 October 2004 - Ispat Iscor recently commenced routine repairs to one of the blast furnaces at its Vanderbijlpark steel mill, which was to idle the vessel for approximately seven days. The company said the repair work was required because blast furnace C had developed a localized hot spot, as a result of damage to a small section of the vessel’s refractory lining.
Talks Back on at Wabush Mines
01 October 2004 - Striking steelworkers will be back at the bargaining table Friday with Wabush Mines in an attempt to reach a settlement for 300 members of Steelworkers Local 6285. The workers have been on strike since July 5.
Carpenter Raises Prices on Stainless Steels and Specialty Alloy Coils
30 September 2004 - Carpenter Technology Corp.’s Specialty Alloys Operations unit is increasing prices for all grades of stainless steel, high temperature and specialty alloy coil products, effective with new orders and shipments as of October 1st.
ITC Finds no Injury from Light-Walled Pipe and Tube
30 September 2004 - The United States International Trade Commission (ITC) has found no real or threatened material injury associated with light-walled rectangular pipe and tube imported from Mexico and Turkey. All six Commissioners voted in the negative.
Oregon Steel Mills Announces Pricing of Common Stock Offering
30 September 2004 - Oregon Steel Mills, Inc. announced the pricing of its public offering of 7,500,000 shares of common stock at a price to the public of $16.00 per share. All shares are being offered by the company.
CMC Steel Group Names Executive Vice President of Finance and Administration
30 September 2004 - Commercial Metals Co. announced that Bob Unfried was named as Executive Vice President—Finance and Administration for the CMC Steel Group.
Ipsco Announces Appointment of Treasurer
30 September 2004 - Ipsco Inc. announced the appointment of Patricia Kampling as Treasurer, effective immediately.
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