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Latest Steel mill Stories

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...

2009-06-08 15:59:00

TAMPA, FL, June 8 /PRNewswire-FirstCall/ - Gerdau Ameristeel Corporation (NYSE: GNA; TSX: GNA) announced today that it is suspending production at its Sayreville, New Jersey steel mill and closing its rolling mill in neighboring Perth Amboy, New Jersey due to lower demand for its products resulting from the downturn in the economy. The company said these actions are expected to occur gradually over the next several months. The company indicated that it would restart operations at the...

2009-04-23 08:00:00

CHARLOTTE, N.C., April 23 /PRNewswire-FirstCall/ -- Nucor Corporation (NYSE: NUE) announced today a consolidated net loss of $189.6 million, or $0.60 per diluted share, for the first quarter of 2009. By comparison, Nucor earned $409.8 million, or $1.41 per diluted share, in the first quarter of 2008 and earned $105.9 million, or $0.34 per diluted share, in the fourth quarter of 2008. Nucor's consolidated net sales decreased 47% to $2.65 billion compared with $4.97 billion in the first...

2009-01-28 09:19:00

PRINCETON, N.J., Jan. 28 /PRNewswire/ -- BullMarket.com (http://www.bullmarket.com), an online investment newsletter focused on long-term growth and income-generating stocks, has provided subscribers with investment coverage on several steel stocks, including U.S. Steel (NYSE: X), AK Steel (NYSE: AKS), Nucor (NYSE: NUE), and Steel Dynamics (Nasdaq: STLD). All paid and trial subscribers to BullMarket.com can now receive immediate access to the newsletter's exclusive daily reports. As a...

2008-10-21 09:00:37

SHANGHAI, China, Oct. 21 /Xinhua-PRNewswire/ -- China Precision Steel , a niche precision steel processing Company principally engaged in producing and selling high precision, cold-rolled steel products, today announced that its market share is expanding as the Company is receiving increased orders from manufacturers in China and Africa. "We are experiencing strong demand for our high precision, cold-rolled steel products despite the current global slowdown. Our production facilities remain...

2008-10-09 09:00:37

FORT WAYNE, Ind., Oct. 9 /PRNewswire-FirstCall/ -- Steel Dynamics, Inc. announces the following Webcast: What: Steel Dynamics, Inc. Q3 2008 Conference Call Webcast When: October 16, 2008 @ 10:00 am Eastern Where: http://www.videonewswire.com/event.asp?id=52032 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...

2008-10-07 09:00:39

Four Chinese steel mills set to cut production on slump demands By Xinhua writer Jiang Xufeng BEIJING, Oct. 6 (Xinhua) -- Several leading Chinese steel mills are set to cut production to cope with the pressure of weak demand hanging over their iron-smelting furnaces. Shougang Group and three other big domestic iron and steel manufacturers will slash 20 percent of their production this month amid slack domestic demand and dropping steel prices, according to Monday's China Securities...

2008-09-19 12:00:25

NASHWAUK, MN, Sept. 19 /PRNewswire/ -- Essar Steel Holdings Ltd, a part of Essar Global Ltd, today held a groundbreaking ceremony for the first steelmaking facility in Minnesota's famous Iron Range. The USD 1.6 billion facility will be North America's first mine-based steel plant and the single largest investment made in the Mesabi range in recent times. The ceremony also marked the unveiling of Essar Steel Minnesota, LLC, the new name for the steelmaking project that was earlier known...


Word of the Day
bodacious
  • Remarkable; prodigious.
  • Audacious; gutsy.
  • Completely; extremely.
  • Audaciously; boldly.
  • Impressively great in size; enormous; extraordinary.
This word is probably from the dialectal 'boldacious,' a blend of 'bold' and 'audacious.'
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