WCI Steel

Latest News

Severstal Completes Acquisition of WCI Steel

08 July 2008 - OAO Severstal completes its acquisition of WCI Steel for a total cash consideration of US$140 million.

WCI Steel Responds to Legal Challenge

19 June 2008 - WCI Steel issues statement in response to media inquiries concerning the legal challenge filed by Optima International of Miami and minority stockholders representing less than 18% of the company’s shares outstanding.

OAO Severstal to Purchase WCI Steel

19 May 2008 - OAO Severstal reaches a binding agreement to acquire the outstanding equity of Warren, Ohio, based WCI Steel for a total cash consideration of US$140 million, or about $3.29 per share.

WCI Steel Announces New VP-Quality and Continuous Improvement

14 April 2008 - WCI Steel hires Joseph A. Knecht as Vice President, Quality and Continuous Improvement to support its strengthened commitment to continuous improvement.

Core Installs Walking Beam Reheat Furnace for WCI Steel

12 February 2008 - Core Furnace Systems completes successful start-up of a state-of-the-art walking beam furnace for WCI Steel’s plant in Warren, Ohio.

WCI Steel Announces New CEO and President, Resumption of Operations

06 December 2007 - WCI Steel announces its new CEO and President, as well as the resumption of blast furnace operations following the Nov. 9 fire in two of the furnace's hydraulic control rooms.

WCI Steel Reports 2nd Quarter Results

10 August 2007 - WCI Steel reports a net loss of $12.5 million for the quarter and a net loss of $16.8 million for the six-month period ended June 30, 2007; results were negatively impacted by a BOF baghouse installation, and unscheduled outages in the blast furnace and BOF.

WCI CEO Retires as Earnings Expectations are Downgraded

09 July 2007 - WCI Steel announces the immediate retirement of Patrick G. Tatom from his roles as President, CEO, and a member of the Board of Directors. The company has also issued a warning statement about second-quarter earnings.

Sunoco Celebrates Start of Construction at Haverhill II Coke Plant

22 May 2007 - Sunoco held a brick-laying ceremony at its second SunCoke Energy Heat Recovery Coke manufacturing plant in Haverhill, Ohio, which will eventually supply coke to both Severstal North America and WCI Steel.