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Latest Wheeling-Pittsburgh Steel Stories

2011-03-02 08:21:00

PITTSBURGH, March 2, 2011 /PRNewswire-USNewswire/ -- The United Steelworkers (USW) today welcomed the announced stock purchase of Severstal's USW-represented assets by the Renco Group, including the former Wheeling-Pittsburgh Steel facilities in the Ohio Valley, including Wheeling Corrugating in Wheeling, WV and the Allenport facility in Allenport, PA; the former WCI Steel facility in Warren, Ohio and the former Bethlehem Steel facility in Sparrows Point, MD, along with a 50% ownership of...

2009-11-19 11:24:00

WHEELING, W.Va., Nov. 19 /PRNewswire/ -- The Yorkville, Ohio, cold rolling mill of Severstal Wheeling, Inc., will resume operations on December 13, 2009 to provide additional cold rolling capacity to Severstal North America. Yorkville, idled since June 2009, will finish sheet steel made at Severstal Sparrows Point for delivery to customers and Severstal Wheeling's Martins Ferry coating operation. The return to operation of the mill will better balance supply and finishing capabilities...

2008-12-01 10:34:00

RICHMOND, Va., Dec. 1 /PRNewswire-FirstCall/ -- Massey Energy Company (NYSE: MEE) reacted to the decision of the United States Supreme Court today to deny consideration of a July 2007 Circuit Court of Brooke County, West Virginia decision that awarded $220 million to Wheeling-Pittsburgh Steel with the following statement: "We are disappointed because we felt our case was worthy of the Court's review, but we understood from the start that the Court accepts only a very limited number of...

2008-10-10 18:00:27

WHEELING - While Severstal North America decides how to weather what is becoming a global economic downturn, hundreds of steelworkers at several Ohio Valley plants will wait to see how long their layoffs last. Wheeling Corrugating, a producer of deck and roofing products, is one unit that will keep working, said John Saunders, contract coordinator for the United Steelworkers. It's busy filling orders for the storm-socked Gulf Coast. Other units, however, will operate for a week, and then...

2008-09-11 00:00:22

By Joe Napsha About 16,000 steelworkers at 12 U.S. Steel Corp. plants will benefit from a four-year contract overwhelmingly approved Tuesday. The deal, which includes a $6,000 bonus, wage hikes and benefit improvements, won the approval of 79 percent of United Steelworkers members who voted -- 10,571 to 2,670 -- the USW said after the mail- in ballots were counted in Pittsburgh yesterday "We think this is the right contract for this time," United Steelworkers President Leo W. Gerard said...

2008-09-08 00:00:22

By Joe Napsha When Russian leader Nikita S. Khrushchev toured the United States in 1959, he visited Mesta Machine Co. in West Homestead to see a mill that made machine tool and steel mill equipment for the thriving steel industry. Today, the Russians are doing more than just visiting steel mills and steel-supply plants to see how they work -- they're buying some of the nation's steel industry assets, thanks in large part to Russian tycoons who are worth billions of dollars, experts say....

2008-09-01 03:00:18

By Harris, Linda OAO Severstal Inc., the Russian steelmaker aiming to increase its toehold in the U.S. steel industry, has completed its acquisition of Esmark Inc., a deal that includes Wheeling-Pittsburgh Steel. Severstal purchased nearly 39 million Esmark shares - about 94 percent - prior to the Aug. 4 deadline. The acquisition cost Severstal $775 million plus nearly a half million-dollars more in debts and loans it assumed as part of the deal. The new company will be known as...

2008-08-24 00:00:28

Russia's biggest steelmaker plans to buy fast-growing PBS Coals, which counts the Quecreek Mine among its operations in Somerset County. OAO Severstal of Cherepovets, Russia, said Friday it will acquire PBS for $1.3 billion to supply its U.S. operations with coking coal. Severstal, led by billionaire Alexei Mordashov, follows steelmakers including ArcelorMittal and Posco in acquiring coal mines after a year in which steel and coal have doubled to record prices. Steelmakers have boosted...

2008-08-06 03:00:41

By Joe Napsha, The Pittsburgh Tribune-Review Aug. 6--The consolidation of the global steel industry continued Tuesday as Russian steelmaker OAO Severstal completed its $1.25 billion purchase of Esmark Inc., the parent company of Wheeling-Pittsburgh Steel Corp. Severstal sealed the deal to acquire Esmark by purchasing 38.7 million shares of Esmark, or about 94.1 percent of its outstanding stock, by Monday's deadline for the tender offer, Severstal said. The Russian company paid about $775...

2008-08-05 12:00:40

Russian steel giant Severstal has completed a $775 million tender offer, buying 94 percent of U.S. steelmaker Esmark's outstanding shares, the company said. With the deal complete, Severstal has purchased 39 million shares of Esmark of Wheeling, W.Va., RIA Novosti reported. Esmark produces about 750,000 metric tons of steel products a year. Now a Severstal subsidiary, it was renamed the Severstal Wheeling Holding Company, the company said. Severstal closed two previous deals for U.S....


Word of the Day
barratry
  • The offense of persistently instigating lawsuits, typically groundless ones.
  • An unlawful breach of duty on the part of a ship's master or crew resulting in injury to the ship's owner.
  • Sale or purchase of positions in church or state.
This word ultimately comes from the Old French word 'barater,' to cheat.
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