Universal Stainless
Latest News
Stainless Steel Imports Continue to Outpace 2004 Totals
31 August 2005 - Total stainless steel imports climbed to 344,014 tons through the first six months of 2005 — a 15% increase compared to the same period in 2004 — according to the latest data released by the Specialty Steel Industry of North America (SSINA). As imports climbed, U.S. consumption remained steady at 1,168,282 tons, 3% below domestic consumption for the first six months of 2004.
YTD Specialty Steel Imports Continue to Climb
02 August 2005 - Total stainless steel imports rose to 286,403 tons through the first five months of 2005 — a 19% increase compared to the same period in 2004 — according to the latest data released by the Specialty Steel Industry of North America (SSINA).
Universal Stainless Reports Strong 2nd Quarter Results
22 July 2005 - Universal Stainless & Alloy Products, Inc. reported net income of $3.3 million on sales of $41.9 million for the second quarter of 2005.
Universal Stainless Amends PNC Credit Agreement
29 June 2005 - Universal Stainless & Alloy Products, Inc. has amended its credit agreement with PNC Bank, which consists of a PNC Term Loan and a PNC Revolving Line of Credit.
First Quarter Stainless Steel Bar and Rod Imports Raise Red Flags
14 June 2005 - The dramatic increase in imports and import penetration of stainless steel bar and rod in the first quarter of 2005 raises red flags for U.S. producers, according to the Specialty Steel Industry of North America (SSINA).
First Quarter Stainless Steel Imports Climb 37% Higher than 2004
14 June 2005 - Total stainless steel imports reached 182,350 tons through the first quarter of 2005 — 37% higher than the first quarter of 2004 — according to the latest statistical data released by the Specialty Steel Industry of North America (SSINA). Total specialty steel imports (including stainless, electrical, and tool steels) were 39% higher than the first quarter of 2004.
Universal Stainless Adjusts Prices, Surcharge Mechanism
07 June 2005 - Universal Stainless & Alloy Products, Inc. announced base price increases on all premium melted steels, including both vacuum arc remelted and electroslag remelted steels. Effective with shipments scheduled for June 13th, stainless steel remelted grades will increase 6%, and high strength low alloy remelted grades will increase 8%.
Universal Stainless to Expand Remelt Capacity
09 May 2005 - Universal Stainless & Alloy Products, Inc.’s Board of Directors has approved the purchase of a sixth vacuum arc remelt (VAR) furnace, which will be installed at its Bridgeville facility.
Universal Stainless Reports Record 1st Quarter Sales
26 April 2005 - Universal Stainless & Alloy Products, Inc. reported net income of $2.9 million on record sales of $43.0 million for the first quarter of 2005.
Universal Stainless to Increase Tool Steel Plate Base Price
27 January 2005 - Universal Stainless & Alloy Products, Inc. will increase its base price 4% for all tool steel plate products manufactured at its Bridgeville, Pa., facility.
Universal Stainless to Increase Base Prices
05 January 2005 - Universal Stainless & Alloy Products, Inc. announced base price increases of 5% on all air melted and 7% on all remelted steels, effective with shipments scheduled for January 17.
Universal Stainless Receives 2004 Import Tax Duties
08 December 2004 - Universal Stainless & Alloy Products, Inc. will recognize Other Income of $507,000 ($0.05 per diluted share) in the fourth quarter of 2004 for the receipt of 2004 import duties received from the U.S. Customs Service in accordance with the Continued Dumping and Subsidy Offset Act of 2000 (CDSOA). The CDSOA provides for payment of the duties collected by the U.S. Treasury to domestic companies injured by unfair foreign trade practices.
Universal Stainless Exceeds Forecast for 3rd Quarter Earnings Per Share
22 October 2004 - Universal Stainless & Alloy Products, Inc. reported net income of $2.7 million on sales of $33.3 million for the third quarter of 2004.
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.
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.
Universal Stainless to Increase Bar Product Prices
23 September 2004 - Universal Stainless & Alloy Products, Inc. announced a 6% price increase effective on shipments scheduled for October 1, 2004 for all bar products including flats, hexagon and square bar products manufactured at its Bridgeville, Pa., and Dunkirk, N.Y., facilities.
Universal Stainless President Adopts 10b5-1 Trading Plan
17 August 2004 - Universal Stainless & Alloy Products, Inc. announced that Clarence M. McAninch, President and CEO, has established a pre-arranged trading plan to sell shares of the company's common stock subject to certain minimum sales price restrictions.
Universal Stainless Reports 2nd Quarter Income
22 July 2004 - Universal Stainless & Alloy Products, Inc. reported net income of $1.6 million on near-record sales of $29.0 million for the second quarter of 2004.
Universal Stainless Announces Manganese Surcharge
14 May 2004 -
Universal Stainless Reports 1st Quarter Results
22 April 2004 -
