Latest Steel Stories

WEST CHESTER, Ohio, Jan. 21, 2013 /PRNewswire/ -- AK Steel (NYSE: AKS) said today that it will increase current spot market base prices for all carbon flat-rolled steel products by $40 per ton, effective immediately with new orders. AK SteelAK Steel produces flat-rolled carbon, stainless and electrical steels, primarily for automotive, infrastructure and manufacturing, construction and electrical power generation and distribution markets. The company employs about 6,200 men and...

DETROIT, Jan. 15, 2013 /PRNewswire/ -- The Steel Market Development Institute (SMDI), a business unit of the American Iron and Steel Institute (AISI), is starting 2013 with two exciting steel success stories. The 2013 North American Car and Truck/Utility of the Year (NACTOY) award winners, the Cadillac ATS and Dodge Ram 1500, both feature an extensive amount of advanced high-strength steels (AHSS). The winners were announced during a news conference held January 14 at the North...

PHILADELPHIA, Jan. 10, 2013 /PRNewswire/ -- CDI Corp. (NYSE: CDI) today announced that it is working with Tenova HYL Technologies to assist Nucor Corporation in the development of Nucor's direct reduced iron-making facility in St. James Parish, Louisiana. The $750 million plant on a 4,000-acre site located along the Mississippi River midway between New Orleans and Baton Rouge is the largest of its kind in the world and is expected to produce two and a half million metric tons of...

BEIJING, Dec. 19, 2012 /PRNewswire/ - General Steel Holdings, Inc. ("General Steel" or the "Company") (NYSE: GSI), one of China's leading non-state-owned producers of steel products and aggregators of domestic steel companies, today announced that its Audit Committee of the Board of Directors has appointed Friedman LLP ("Friedman") as the Company's independent registered public accounting firm. Friedman is replacing PricewaterhouseCoopers Zhong Tian CPAs Limited Company ("PwC")....

CHARLOTTE, N.C., Dec. 18, 2012 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) announced today guidance for its fourth quarter ending December 31, 2012. Nucor expects fourth quarter results to be in the range of $0.25 to $0.30 per diluted share. This represents a decrease from the third quarter of 2012 earnings of $0.35 per diluted share and from the fourth quarter of 2011 earnings of $0.43 per diluted share. Projected fourth quarter results include an estimated LIFO credit of $29...

WEST CHESTER, Ohio, Dec. 12, 2012 /PRNewswire/ -- AK Steel (NYSE: AKS) said today that it plans to release its fourth quarter and full-year 2012 financial results before the opening of trading on the New York Stock Exchange on Tuesday, January 29, 2013. AK Steel will also provide live listening access on the Internet to its earnings conference call to be held at 11:00 a.m. Eastern Time on January 29, 2013. Access to the webcast will be available from the home page of the company's...

WEST CHESTER, Ohio, Dec. 7, 2012 /PRNewswire/ -- AK Steel (NYSE: AKS) said today that it will increase current spot market base prices for all carbon flat-rolled steel products by $30 per ton, effective immediately with new orders. AK SteelAK Steel produces flat-rolled carbon, stainless and electrical steels, primarily for automotive, infrastructure and manufacturing, construction and electrical power generation and distribution markets. The company employs about 6,200 men and...

DETROIT, Dec. 6, 2012 /PRNewswire/ -- During the recent Los Angeles Auto Show, the all-new 2013 Ford Fusion was named Green Car Journal's 2013 Green Car of the Year® due to what the magazine's publisher, Ron Cogan, describes as its "game-on attitude." The Steel Market Development Institute, a business unit of the American Iron and Steel Institute, commends Ford Motor Co. on its accomplishment, as the vehicle incorporates a number of advanced steel technologies to meet the challenge...

BEIJING, Dec. 5, 2012 /PRNewswire/ -- General Steel Holdings, Inc. ("General Steel" or the "Company") (NYSE: GSI), one of China's leading non-state-owned producers of steel products and aggregators of domestic steel companies, today announced that its Longmen Joint Venture ("Longmen JV") has signed a one-year supply agreement with Tianjin Product and Energy Resources Development Co., Ltd. ("Tianwu"), through which Tianwu will provide Longmen JV with a minimum of 3 million...

DETROIT, Dec. 5, 2012 /PRNewswire/ -- A recently published National Highway Traffic Safety Administration (NHTSA) report entitled Mass Reduction for Light-Duty Vehicles for Model Years 2017-2025 prepared by EDAG, Inc., George Washington University and Electricore, Inc. examined mid-size body, chassis and interior vehicle systems and determined that basic lightweighting costs $0.46 per pound of weight saved ($1.02 per kilogram) using advanced high-strength steels (AHSS), compared to...