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Latest Steel mill Stories

2012-01-25 08:00:00

CHARLOTTE, N.C., Jan. 25, 2012 /PRNewswire/ -- Nucor Corporation (NYSE: NUE), North America's largest steel bar producer, is pleased to announce plans for the continued expansion of our special bar quality (SBQ) production capabilities over the next two years. We have approved $290 million for projects to be completed at our Memphis, Tennessee, Norfolk, Nebraska and Darlington, South Carolina steel mills that will expand our SBQ and wire rod capacities by a combined one million...

2012-01-19 06:03:00

ATLANTA, Jan.19, 2012 /PRNewswire/ -- Siemens (NYSE: SI) today announced that it has developed a new electric arc furnace (EAF) specifically developed for direct reduced iron (DRI) melting. Now available in the North American market, the Simetal EAF FAST DRI is designed for a continuous melting process as electrical energy input and DRI are supplied during tapping, which shortens tap-to-tap times and reduces specific energy consumption. (Photo:...

2011-12-15 08:00:00

CHARLOTTE, N.C., Dec. 15, 2011 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) announced today guidance for its fourth quarter ending December 31, 2011. Nucor expects fourth quarter results to be in the range of $0.22 to $0.27 per diluted share. This represents an improvement over the fourth quarter of 2010 loss of $0.04 per diluted share, but a decrease from the third quarter of 2011 earnings of $0.57 per diluted share. Projected fourth quarter results include an estimated LIFO...

2011-12-06 06:59:00

YENAKIIEVE, Ukraine, December 6, 2011 /PRNewswire/ -- Metinvest, the international vertically integrated steel and mining group of companies, commissions modern facility of BF-3 (blast furnace) at its Yenakiieve Iron and Steel Works (Yenakiieve Steel). This is to add 1.2 Mtonnes to the plant's annual hot metal production capacity, which will eventually make up 3.0 Mtonnes of pig iron per year. Commissioning of the new BF-3 has been carried out in line with the Technological...

2011-07-21 08:00:00

CHARLOTTE, N.C., July 21, 2011 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) announced today consolidated net earnings of $299.8 million, or $0.94 per diluted share, for the second quarter of 2011. By comparison, Nucor reported net earnings of $159.8 million, or $0.50 per diluted share, in the first quarter of 2011 and net earnings of $91.0 million, or $0.29 per diluted share, in the second quarter of 2010. These increases in profits of 88% and 229%, respectively, were achieved despite the...

2011-06-15 08:00:00

CHARLOTTE, N.C., June 15, 2011 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) announced today guidance for its second quarter ending July 2, 2011. Nucor expects second quarter results to be in the range of $0.75 to $0.80 per diluted share. This represents an increase of 160% - 180% over second quarter 2010 earnings of $0.29 per diluted share, and an increase of 50% - 60% over first quarter 2011 earnings of $0.50 per diluted share. Projected second quarter results include an estimated LIFO...

2011-04-18 16:30:00

FORT WAYNE, Ind., April 18, 2011 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ-GS: STLD) today announced first quarter net income of $106 million, or $0.46 per diluted share on net sales of $2.0 billion. Comparatively, first quarter 2010 net income was $65 million, or $0.29 per diluted share on net sales of $1.6 billion and fourth quarter 2010 net income was $8 million, or $0.04 per diluted share. First quarter 2011 steel shipments were 1.5 million tons, 4 percent higher than the first...

2011-04-14 10:15:00

FORT WAYNE, Ind., April 14, 2011 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ-GS: STLD), today announced that its board of directors has approved the appointment of Mark D. Millett to the new position of President and Chief Operating Officer, effective immediately. Millett, a co-founder of the company in 1993, has been Executive Vice President for Metals Recycling and Ferrous Resources as well as President and COO of OmniSource Corporation, a wholly owned subsidiary, since August 2008....

2011-04-14 06:45:00

FORT WAYNE, Ind., April 14, 2011 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ-GS: STLD) announces the following Webcast: Steel Dynamics, Inc. First Quarter 2011 Conference Call What: Webcast When: April 19, 2011 @ 10:00 am Eastern Where: http://www.videonewswire.com/event.asp?id=78304 Live over the Internet --Simply log on to the web at How: the address above. If you are unable to participate during the...

2011-03-22 07:05:00

IRVING, Texas, March 22, 2011 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) today reported a net loss of $46.2 million or $0.40 per diluted share for the quarter ended February 28, 2011. This compares with a net loss of $173.3 million or $1.53 per diluted share, including a loss of $135.3 million or $1.19 per diluted share from continuing operations, for the second quarter last year. The consolidated pre-tax loss for the Company was $58.7 million, which included pre-tax LIFO...