Steel News

Triple-S Steel Acquires Western Structural Steel Distributor

09 November 2004 - Triple-S Steel has acquired R&S Steel, one of the largest distributors of structural steel products in the western United States.

Wheeling-Pittsburgh Reports 3rd Quarter Results

09 November 2004 - Wheeling-Pittsburgh Corp., the holding company of Wheeling-Pittsburgh Steel Corp., reported net income of $35.6 million on net sales of $401.8 million for the quarter ended September 30, 2004.

Stelco Reports 3rd Quarter Results

08 November 2004 - Stelco Inc. reported net earnings of $58 million on net sales revenue of $953 million in the third quarter ended September 30, 2004.

Ryerson Tull Announces Pricing of Senior Notes

05 November 2004 - Ryerson Tull, Inc. announced pricing of its Rule 144A private offering of $145 million aggregate principal amount of Convertible Senior Notes due 2024. Closing of the offering is expected to take place on November 10, 2004, subject to customary closing conditions. Initial purchasers will have the option to purchase up to an additional $30 million aggregate principal amount of notes.

CMC Acquires California Fabricating Operation

05 November 2004 - Commercial Metals Co. announced the acquisition of substantially all of the operating assets of the J. L. Davidson Co.'s rebar fabricating facility located in Rialto, Calif.

ATI Allegheny Ludlum to Supply Taiwan Power Project

05 November 2004 - ATI Allegheny Ludlum has been selected to supply specialty metals for the reactor building service-water piping system at the Taiwan Power Co. (Taipower) Number 4 power plant located in Lungmen, Taiwan.

EPA Cites Spectro Alloys for Clean-Air Violations

04 November 2004 - U.S. Environmental Protection Agency Region 5 has filed an administrative complaint against Spectro Alloys Corp. for alleged clean-air violations at the company's aluminum recovery plant in Rosemount, Minn.

TXI Hires New Vice President and General Counsel

04 November 2004 - Texas Industries, Inc. recently announced the hiring of Frederick G. Anderson for the position of Vice President and General Counsel, effective November 1, 2004.

Allegheny Ludlum Announces Tool Steel Price Increase

04 November 2004 - ATI Allegheny Ludlum announced a 6% base prices increase for tool steel products, including Hot-Rolled Annealed (HRA) and Econ-O-Miser™ (Milled and Ground) products.

Ryerson Tull Announces Proposed Private Offering of Senior Notes

04 November 2004 - Ryerson Tull, Inc. announced that it intends to privately offer, subject to market conditions and other factors, $125 million aggregate principal amount of convertible senior notes due 2024. The company intends to grant to the initial purchasers an option to purchase an additional $25 million aggregate principal amount of the notes within 30 days after the offering.

EPA Cites ISG Cleveland for Clean-Air Violations

04 November 2004 - U.S. Environmental Protection Agency Region 5 has cited ISG Cleveland Inc. (formerly an LTV Steel Co. Inc. facility) for alleged clean-air violations at the company's iron and steel production plant at 3060 Eggers Road, Cleveland, Ohio.

More Starts up LimeJet Technology on Charter Steel EAF

04 November 2004 - Charter Steel recently started up Moré SRL’s LimeJet, a pneumatic lime injection technology, in their 100-ton DC EAF.

Wellspring Capital Management Closes IMS Acquisition

04 November 2004 - Wellspring Capital Management LLC, a New York-based private equity investment firm, completed the previously announced purchase of Horsham, Pa.-based International Mill Service, Inc. (IMS), from a shareholder group led by GSC Partners.

EPA Cites Elyria Recycling for Clean Air Violations

04 November 2004 - U.S. Environmental Protection Agency Region 5 has cited Elyria Recycling Co. for alleged violations of EPA regulations to protect stratospheric ozone at the company's scrap processing facility in Elyria, Ohio.

Timken Reports 3rd Quarter Results

04 November 2004 - The Timken Co. announced net earnings of $17.5 million on sales of $1.1 billion for the third quarter, and net income of $71.3 million on sales of $3.3 billion for the first nine months of 2004.

Gerdau Ameristeel Announces 3rd Quarter Results

03 November 2004 - Gerdau Ameristeel Corp. reported net income of $144.3 million on net sales of $807.9 million for the quarter, and net income of $271.3 million on net sales of $2.2 billion for the nine months ended September 30, 2003.

EMJ Reports Strong 2nd Quarter Results

02 November 2004 - Earle M. Jorgensen Co. (EMJ) reported net income of $26.7 million on sales of $389.3 million for the second fiscal quarter, and net income of #48.6 million on revenues of $750.9 million for the first six months ended September 29, 2004.

Oregon Steel Mills Announces Record 3rd Quarter Results

02 November 2004 - Oregon Steel Mills, Inc. reported record net income of $50.3 million on record sales of $348 million for the third quarter of 2004.

Republic Starts up New Saw Line in Canton

02 November 2004 - Republic Engineered Products Inc. announced the startup of a new saw line for bars produced at its Canton plant. The $285,000 investment boosts annual cutting capacity at the Canton facility by 40,000 tons.

Gerdau Ameristeel Closes North Star Steel Acquisition

02 November 2004 - Gerdau Ameristeel Corp. has completed its acquisition of the North Star Steel assets from Cargill, Inc. The deal includes the fixed assets and working capital of four long steel product minimills in St. Paul, Minn.; Wilton, Iowa; Calvert City, Ky.; and Beaumont, Texas; three wire rod processing facilities in Beaumont, Texas; Carrollton, Texas; and Memphis, Tenn.; and a grinding ball facility in Duluth, Minn. Integration of these operations will provide Gerdau Ameristeel's customers with expanded geographical coverage and a broader range of products.