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Latest Steel mill Stories

2010-01-13 10:04:00

PRINCETON, N.J., Jan. 13 /PRNewswire/ -- BullMarket.com (http://www.bullmarket.com), an online investment newsletter focused on long-term growth and income-generating stocks, has provided subscribers with coverage of several steel stocks, including U.S. Steel (NYSE: X), Nucor (NYSE: NUE), Steel Dynamics (Nasdaq: STLD), and AK Steel Holdings (NYSE: AKS). All paid and trial subscribers to BullMarket.com can now receive immediate access to the newsletter's exclusive daily reports. As a...

2010-01-13 14:31:00

FORT WAYNE, Ind., Jan. 13 /PRNewswire-FirstCall/ -- Steel Dynamics, Inc. (Nasdaq: STLD) today announced the production on January 12, 2010, of the first batch of iron nuggets at the Mesabi Nugget facility at Hoyt Lakes, Minnesota. Utilizing the ITmk3® process developed by Kobe Steel, the plant began commissioning in the fourth quarter of 2009. By the end of December 2009, all individual production systems were operational, and ready for the integration of the overall...

2010-01-07 16:02:00

Decision comes after careful consideration of proposal from the State of Oklahoma and City of Sand Springs TAMPA, FL, Jan. 7 /PRNewswire-FirstCall/ - After careful evaluation of a comprehensive proposal submitted to Gerdau Ameristeel by the State of Oklahoma and City of Sand Springs aimed at maintaining steel production at the company's steel mill in Sand Springs, Oklahoma, Gerdau Ameristeel has decided to continue the idling of its Sand Springs steel mill for the foreseeable future. "We...

2010-01-04 22:00:00

DANGJIN, South Korea, Jan. 4 /PRNewswire/ -- Hyundai Steel Co., part of the Hyundai Automotive Group, held a furnace 'lighting' ceremony today at its new integrated steel mill in Dangjin, South Korea, to start the operation of its first blast furnace. (Logo: http://www.newscom.com/cgi-bin/prnh/20091001/HYUNDAILOGO) Over 600 distinguished guests and staff attended the ceremony, including the Chairman of the Hyundai Automotive Group, Mr. Chung Mong-Koo, and Mr. Marc Solvi, CEO of...

2009-12-22 07:00:00

IRVING, Texas, Dec. 22 /PRNewswire-FirstCall/ -- Commercial Metals Company (NYSE: CMC) today reported a net loss of $31.2 million or $0.28 per share on net sales of $1.4 billion for the quarter ended November 30, 2009. This compares with net earnings of $62.0 million or $0.54 per diluted share on net sales of $2.4 billion for the first quarter of last year. The period's results included pre-tax LIFO income of $17.3 million or after tax $0.10 per share. This compares with pre-tax LIFO income...

2009-12-16 08:00:00

CHARLOTTE, N.C., Dec. 16 /PRNewswire-FirstCall/ -- Nucor Corporation (NYSE: NUE) announced today guidance for its fourth quarter ending December 31, 2009. Nucor expects fourth quarter results to be breakeven to slightly positive, an improvement over losses of $0.60, $0.43 and $0.10 per diluted share in the first, second and third quarters of 2009, respectively. By comparison, Nucor earned $0.34 per share in the fourth quarter of 2008. While we did fully benefit from the absence of...

2009-10-13 12:30:00

FORT WAYNE, Ind., Oct. 13 /PRNewswire-FirstCall/ -- Steel Dynamics, Inc. (Nasdaq: STLD) announces the following Webcast: What: Steel Dynamics, Inc. Q3 2009 Conference Call Webcast When: October 20, 2009 @ 10:00 am Eastern Where: http://www.videonewswire.com/event.asp?id=62978 How: Live over the Internet -- Simply log on to the web at the address above. Contact: Fred Warner, Investor Relations Manager 260-969-3564. If you are unable to participate during...

2009-09-15 08:00:00

CHARLOTTE, N.C., Sept. 15 /PRNewswire-FirstCall/ -- Nucor Corporation (NYSE: NUE) announced today guidance for its third quarter ending October 3, 2009. Nucor expects third quarter results to be in the range of a loss of $0.15 to $0.20 per diluted share. By comparison, Nucor reported a loss of $0.43 per share in the second quarter of 2009 and earned $2.31 per share in the third quarter of 2008. Our qualitative guidance for the third quarter, given in late July, was for a smaller loss...

2009-08-28 07:55:00

TAMPA, FL, Aug. 28 /PRNewswire-FirstCall/ - Gerdau Ameristeel Corporation (NYSE: GNA; TSX: GNA) announced today that it has reached agreement with the United Steel Workers (USW) regarding the suspension of production at the Company's steel mill located in Sand Springs, Oklahoma. Members of USW Local 2741 voted to accept the terms and conditions of the agreement on August 27, 2009. In connection with this action, the Company expects to incur an accounting charge within the range it announced...

2009-07-23 08:00:00

CHARLOTTE, N.C., July 23 /PRNewswire-FirstCall/ -- Nucor Corporation (NYSE: NUE) announced today a consolidated net loss of $133.3 million, or $0.43 per diluted share, for the second quarter of 2009, compared to a net loss of $189.6 million, or $0.60 per diluted share, in the first quarter of 2009, an improvement of 30%. The results compare to net income of $580.8 million, or $1.94 per diluted share, in the second quarter of 2008. In the first half of 2009, Nucor reported a consolidated...