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Wheeling-Pittsburgh
Latest News
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.
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.
Wheeling-Pittsburgh Steel Announces Surcharge
14 September 2005 - Wheeling-Pittsburgh Steel Corp. is implementing a raw materials surcharge of $75 per ton on shipments of all steel products.
Wheeling-Pittsburgh Reports 2nd Quarter Results
10 August 2005 - Wheeling-Pittsburgh Corp., the holding company of Wheeling-Pittsburgh Steel Corp., reported net income of $2.6 million on revenues of $415.2 million for the quarter ended June 30, 2005.
Wheeling-Pittsburgh Steel Refinances Revolving Credit Facility
12 July 2005 - Wheeling-Pittsburgh Steel Corp. announced that effective July 8, 2005, it refinanced its revolving credit facility primarily with its current lenders.
Wheeling Corrugating Bridge Deck Showing up in Construction Projects
01 July 2005 - Wheeling-Pittsburgh Steel reports that steel deck made by the company's Wheeling Corrugating Company (WCC) will be used in many highway projects locally and throughout the United States.
Wheeling-Pittsburgh Revises 2nd Quarter Expectations
28 June 2005 - Continued softness in the flat rolled carbon sheet market has prompted Wheeling-Pittsburgh Corp. to revise second quarter shipment expectations from 569,000 to 545,000 tons, and expected production from 654,000 to 600,000 tons.
Wheeling-Pittsburgh Announces 10b5-1 Trading Plans
16 June 2005 - Wheeling-Pittsburgh Corp.’s Chief Executive Officer and President have entered into 10b5-1 plans in order to sell a portion of their Restricted Stock, as have each of the company’s Vice Presidents.
Wheeling-Pittsburgh Announces Management Promotions
18 May 2005 - Wheeling-Pittsburgh Steel Corp. announced the promotion of Ron Shoemaker, who had been Manager of Engineering, EAF Project, to the newly created position of General Manager, Engineering & Environmental Control. In his new position, Shoemaker will report to Wheeling-Pittsburgh Steel President, Harry Page.
Wheeling-Pittsburgh Reports 1st Quarter Results
10 May 2005 - Wheeling-Pittsburgh Corp. reported net income of $8.1 million on net sales of $399.5 million for the quarter ended March 31, 2005.
Wheeling-Pittsburgh Steel to Idle Historic No. 1 Blast Furnace
04 May 2005 - Wheeling-Pittsburgh Steel Corp. announced that it will permanently idle its No. 1 Blast Furnace on Thursday, May 5, 2005. The shutdown will end more than 100 years of service by one of the oldest blast furnaces running in the United States.
Severstal North America Continues to Bolster Steelmaking Performance
28 April 2005 - Fourteen months after its acquisition by OAO Severstal, Severstal North America, Inc. (SNA) reports that it has made considerable progress in restructuring its Dearborn, Mich., steelmaking operations.
Wheeling-Pittsburgh Steel Files Lawsuit Over Coal Supply
28 April 2005 - Wheeling-Pittsburgh Steel Corp. filed a lawsuit against Central West Virginia Energy Co. (CWVEC), a subsidiary of Massey Energy Co., alleging substantial monetary damages.
Wheeling-Pittsburgh Reaches Settlement Agreement with OSHA
26 April 2005 - The U.S. Labor Department's Occupational Safety and Health Administration (OSHA) has entered into a settlement agreement with Wheeling-Pittsburgh Steel Corp., Follansbee, W.Va.
Ohio Coatings Company Announces President
12 April 2005 - Jim Tennant has been named President of Ohio Coatings Company (OCC), effective April 1, 2005.
Wheeling-Pittsburgh Names New President and COO
30 March 2005 - Wheeling-Pittsburgh Steel Corp. announced that Harry L. Page, 58, will assume the new position of President and Chief Operating Officer, effective April 1, 2005. James G. Bradley will continue as Chairman of the Board and CEO.
Wheeling-Pittsburgh Announces 2004 Results
15 March 2005 - Wheeling-Pittsburgh Corp., the holding company of Wheeling-Pittsburgh Steel Corp., reported net income of $6.4 million on net sales of $373.7 million for the fourth quarter and net income of $62.5 million on net sales of $1.4 billion for the year ended December 31, 2004.
Wheeling-Pittsburgh to Upgrade Hot Strip Mill
15 March 2005 - Wheeling-Pittsburgh Steel Corp. announced it will add automatic roll changers at its 80-Inch Hot Strip Mill.
WHX Bankruptcy Should Not Impact Wheeling-Pitt Benefits
14 March 2005 - The United Steelworkers of America (USWA) announced that the Union does not expect that the benefits current members or retirees receive from Wheeling-Pittsburgh Steel will be affected as a result of WHX Corp.’s filing for Chapter 11 Bankruptcy Protection.
