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Latest Steel mill Stories

2012-11-06 08:22:58

CHARLOTTE, N.C., Nov. 6, 2012 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) announced today that we have entered into a long-term agreement with Encana Oil & Gas (USA) Inc. for an onshore natural gas drilling program in the continental United States that we believe will ensure a reliable, low cost supply of natural gas for our existing and expected future needs for more than 20 years. Under the terms of the agreement, Nucor will pay its share of costs plus an additional amount of...

2012-09-18 02:22:58

CHARLOTTE, N.C., Sept. 18, 2012 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) announced today guidance for its third quarter ending September 29, 2012. Nucor expects third quarter results to be in the range of $0.30 to $0.35 per diluted share. These projected results are lower than the third quarter of 2011 earnings of $0.57 per diluted share and similar to the second quarter of 2012 earnings of $0.35 per diluted share. Third quarter of 2012 projected results include the negative impact of...

2012-07-19 02:22:44

CHARLOTTE, N.C., July 19, 2012 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) announced today consolidated net earnings of $112.3 million, or $0.35 per diluted share, for the second quarter of 2012. By comparison, Nucor reported net earnings of $145.1 million, or $0.46 per diluted share, in the first quarter of 2012 and net earnings of $299.8 million, or $0.94 per diluted share, in the second quarter of 2011. In the first half of 2012, Nucor reported consolidated net earnings of $257.4...

2012-06-26 02:23:31

CHARLOTTE, N.C., June 26, 2012 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) announced today that Nucor-Yamato Steel Company, a joint venture between Nucor and Yamato Kogyo Co. Ltd., has approved a $115 million plan to expand the production of hot rolled sheet piling. This project will be completed at Nucor's steel mill in Blytheville, Arkansas, and is expected to be completed in early 2014. Upon completion, the project will add several new sheet piling sections, increasing the...

2012-06-15 10:24:49

FORT WAYNE, Ind., June 15, 2012 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today provided second quarter earnings guidance in the range of $0.15 to $0.20 per diluted share. Second quarter 2012 estimated results are somewhat lower than the $0.20 per diluted share reported for the first quarter 2012 (which included January refinancing charges of $0.03 per diluted share), and lower than the $0.43 per diluted share reported for the second quarter of 2011. Despite relatively stable...

2012-06-13 02:22:48

CHARLOTTE, N.C., June 13, 2012 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) announced today guidance for its second quarter ending June 30, 2012. Nucor expects second quarter results to be in the range of $0.35 to $0.40 per diluted share. These projected results include an expected impairment charge related to our Duferdofin Nucor S.r.l. joint venture of approximately $30 million ($0.09 per diluted share). This performance, excluding the expected impairment charge, is somewhat...

2012-03-16 08:50:41

FORT WAYNE, Ind., March 16, 2012 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today provided first quarter 2012 guidance, indicating that earnings are expected to be in the range of $0.15 to $0.20 per diluted share. Estimated earnings for the first quarter include a reduction of approximately $.03 per diluted share, representing expenses, net of interest cost savings, associated with the company's announced financing activities which occurred in January. First quarter 2012...

2012-03-15 13:00:00

CHARLOTTE, N.C., March 15, 2012 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) announced today guidance for its first quarter ending March 31, 2012. Nucor expects first quarter results to be in the range of $0.30 to $0.35 per diluted share. This performance is consistent with the qualitative guidance presented in our fourth quarter of 2011 earnings release and conference call which stated, "We therefore expect earnings in the first quarter of 2012 to be improved from fourth quarter...

2012-02-29 07:31:00

PITTSBURGH, Feb. 29, 2012 /PRNewswire/ -- TMS International Corp. (NYSE: TMS), the parent company of Tube City IMS Corporation, a leading provider of outsourced industrial services to steel mills globally, announced today that it has expanded its scrap yard operation in Taichung, Taiwan, which commenced in early 2011, to accommodate growth in its raw materials segment. (Logo: http://photos.prnewswire.com/prnh/20110406/MM78984LOGO ) The company's Taichung operation sources, imports,...

2012-02-16 08:15:00

FORT WAYNE, Ind., Feb. 16, 2012 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that its board of directors has approved an expansion of its Engineered Bar Products Division located in Pittsboro, Indiana. The expansion is intended to both increase the steel mill's capacity to produce special-bar-quality (SBQ) steel bars and to expand the mill's product offerings of high-quality small-diameter SBQ bars. The expansion is expected to increase the mill's overall...