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Latest Steel mill Stories

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...

2008-09-18 12:00:29

The Timken Company (NYSE: TKR) today announced that it has invested $14 million in a new thermal treatment facility at its steel plant in Canton, Ohio. The investment will increase Timken's capacity to produce heat-treated steel bars and tubes primarily suited for use in the energy and industrial market sectors. The new 34,000 square-foot facility will begin operations in December 2008 and is expected to reach a capacity of 45,000 tons per year by mid-2009. The primary operation at...

2008-09-09 09:00:36

By Sara Israelsen-Hartley Deseret News VINEYARD, Utah County -- Electrical cords poke up like weeds through a concrete pad at what used to be the Geneva Steel casting area. Nearby, a 20-foot-tall hunk of concrete and rusted rebar looms like a disheveled industrial haystack. The building used to be 40 feet tall, and the foundation goes another 40 feet into the ground. "It took (crews) six weeks to get it down to 20 feet," said Dennis Astill, project manager and general counsel for...

2008-09-08 03:00:18

By Baer, Jim The new coke facility will include 120 heat recovery ovens capable of producing approximately 650,000 tons of screened blast furnace coke per year, which will be sold to U.S. Steel under a 15- year contract. What it does is make U.S. Steel's Granite City plant much more energy-based self-sustaining while meeting the strictest of new environmental standards. Ground was broken on May 5th of this year, and the construction project is expected to last upwards of 18 months. This...