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¤ NEWS FROM IRON & STEEL INDUSTRY

  • Nucor Reports Results for 4th Quarter, Year Ended 2011
    Nucor Corp. reported consolidated net earnings of $137.1 million on consolidated net sales of $4.83 billion for the fourth quarter, and consolidated net earnings of $778.2 million on consolidated net sales of $20.02 billion for the full year 2010.
    Posted on:27 Jan 2012 at 12:00am

  • SMS Meer to Expand Bar Mill for Deutsche Edelstahlwerke
    Deutsche Edelstahlwerke has contracted SMS Meer for the expansion of the 3-roll Precision Sizing Mill at its Siegen-Geisweid, Germany, plant to include an automatic size control system with cross-section measuring module. The project is scheduled to be implemented in spring 2012.
    Posted on:27 Jan 2012 at 12:00am

  • Electrolytic Tinning Line from Tenova in Full Production at Jiangsu Sunshine
    Jiangsu Sunshine in Dajiang, China, recently went into full production with the new electrolytic tinning line supplied by Tenova Strip Processing.
    Posted on:27 Jan 2012 at 12:00am

  • Allegheny Technologies Reports 4th Quarter, Full Year 2011 Results
    Allegheny Technologies Inc. reported net income for the fourth quarter 2011 of $31.7 million, or $0.29 per share, on sales of $1.25 billion. For the full year 2011, net income was $214.3 million, or $1.97 per share, on sales of $5.18 billion.
    Posted on:27 Jan 2012 at 12:00am

  • Kobe Steel Establishes Steel Wire Processing Company in China
    Kobe Steel, Ltd. has established a company in Foshan, Guangdong Province, China to make steel wire for use in high-quality springs. The new company, Kobelco Spring Wire (Foshan) Co., Ltd., will begin operations in the first half of 2013.
    Posted on:27 Jan 2012 at 12:00am

  • Steel Dynamics Reports 4th Quarter, 2011 Results
    Steel Dynamics, Inc. announced net income of $30 million on net sales of $1.9 billion for the fourth quarter, and net income of $278 million on net sales of $8.0 billion for the full year 2011.
    Posted on:26 Jan 2012 at 12:00am

  • Nucor to Expand Special Bar Quality Production
    Nucor Corp. has announced plans for the continued expansion of its special bar quality (SBQ) production capabilities by a combined one million tons over the next two years. 
    Posted on:26 Jan 2012 at 12:00am

  • Tata Steel Proposes Recovery Plan for Tubes Business in Europe
    Tata Steel’s Tubes business in Europe has announced a recovery plan to match business operations to current and projected market demand. Four of the company’s Tubes sites in the UK and the Netherlands will be affected.
    Posted on:26 Jan 2012 at 12:00am

  • Lakeside Steel, JMC Steel Group Execute Arrangement Agreement
    Lakeside Steel Inc. and JMC Steel Group, Inc. have entered into a definitive agreement pursuant to which JMC Steel Group, Inc., through a wholly owned subsidiary, has agreed to acquire all of the issued and outstanding common shares of Lakeside at a price of $0.2983 per share in cash.
    Posted on:26 Jan 2012 at 12:00am

  • ALJ Reports First Quarter Revenue Performance
    ALJ Regional Holdings, the parent company of Kentucky Electric Steel, reported revenue of $38.9 million for the first fiscal quarter ended December 31, 2011.
    Posted on:26 Jan 2012 at 12:00am
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