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Topic: National Steel

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National Steel News Releases National and AK Agree to Extend Deadline — U.S. Bankruptcy Court approves a two-week extension of the deadline for the submission of bids for National Steel's assets to April 10, 2003, and a delay of the auction to April 21, 2003. Steel Confirms Bid for National Steel Assets — U. Steel's bid, which reflects the addition of the National Steel Pellet assets, is not conditioned on a labor agreement, thanks to the groundbreaking agreement reached with the USWA earlier this week. National Steel Receives Bids for Assets — Based on its failure to reach agreement with the USWA, AK Steel’s bid is now conditioned on rejection of all of National Steel's collective bargaining agreements and termination of all retiree benefits; U.S. Steel’s offer is backed by its tentative agreement with the USWA. www.steelnews.com /companies/producers/national_archive.htm   (1458 words)

National Steel workers win increase in wages National Steel, which employs 3,700 steelworkers in Michigan and went bankrupt in March 2002, was acquired by U.S. Steel on Tuesday after the two companies finalized the $1.5-billion deal. As agreed to in the contract, U.S. Steel will not assume health benefits for current National Steel retirees or their spouses. Harnack, 48, started with U.S. Steel in 1976 as a management trainee at the Edgar Thomson plant in Braddock, Pa. His most recent position was general manager of the Mon Valley Works in Pennsylvania in 1999. www.freep.com /money/business/steel21_20030521.htm   (624 words)

USATODAY.com - Tariffs not enough for National Steel National Steel will continue to discuss a potential merger agreement with U.S. Steel, as well as to look at other alternatives, the company said in announcing the bankruptcy filing. National Steel, based in Mishawaka, Ind., said Wednesday that it has secured $450 million in credit to cover operating costs after the bankruptcy filing. National Steel does not "anticipate missing any deliveries to our customers as a result of these actions. www.usatoday.com /money/general/2002/03/06/national-steel.htm   (490 words)

U. S. Steel Named Highest, Best Bidder for National Steel Assets National Steel filed voluntary petitions for reorganization under Chapter 11 in the U.S. Bankruptcy Code in the Northern District of Illinois in Chicago on March 6, 2002. National Steel exercised its rights to terminate a prior asset purchase agreement with AK Steel Corp. of Middletown, Ohio. S. Steel bid $1.05 billion to acquire substantially all of National's steelmaking and steel finishing assets and the assets of National Steel Pellet Co.. www.business-journal.com /LateApril03/USXNatSteel.html   (390 words)

8-2000 Newsfront: National Steel v.p. accused of embezzling National Steel is accusing Jim Squires, the longtime vice president at its Granite City, Ill., division, of embezzling more than $1 million in a kickback scheme dating to 1992. "These injuries are ongoing, as Squires continues to dissipate, conceal, transfer, encumber, or otherwise dispose of National Steel's assets." National’s outside auditors studied Marbi’s books and found evidence that Squires started a shell company to receive the kickbacks through another shell company that Marbi had set up, the suit says. www.newsteel.com /2000/NW000803.htm   (334 words)

Storage Networking World Online - Case Studies - National Steel uses active archiving to enhance data storage, performance National Steel has been using Archive for DB2 for more than a year, archiving three OFS applications that are growing more than 20% annually — order entry, inventory control and order status. In addition, as the foundation for National Steel's day-to-day operations, OFS has to be a high-performance, extremely reliable system. To meet these challenges, National Steel struggled with data access and performance issues for years, writing and maintaining custom archiving software in-house. www.snwonline.com /case_studies/national_steel_05-13-02.asp?article_id=123   (1085 words)

Northwest Indiana News: nwitimes.com National Steel Corp. will ask a bankruptcy court judge Thursday to decide whether U.S. Steel Corp. or AK Steel Corp. will be the lead bidder for its assets, which including the Midwest finishing operation in Portage. U.S. Steel spokesman John Armstrong points out that his company has a signed purchase agreement with National and the entire deal hinges on a renegotiated labor agreement with the United Steelworkers of America, which represents the company's hourly work force and is one of the company's largest creditors. However, AK Steel's surprise $1.025 billion bid on National last week changed the dynamics of what U.S. Steel had assumed was a done deal. www.thetimesonline.com /articles/2003/01/29/business/business/a454317cf02553f986256cbc0081c36c.txt   (507 words)

AFTER THE NATIONAL STEEL DEAL: U.S. Steel ponders survival in Ecorse National Steel was cited by the Detroit Water and Sewerage Department for churning out between 5 and 6 parts per billion of mercury in its wastewater. As a 20-year veteran of National Steel Corp., Maciejewski, area manager for the basic oxygen furnace, has watched the rise of the company as it hired workers, fought off competition and turned the Ecorse-based Great Lakes plant into one of the major suppliers to Detroit's automotive companies. In addition to cuts and morale, U.S. Steel is trying to correct a mercury problem it inherited from National Steel in the mill's wastewater. www.freep.com /money/business/steel22_20030722.htm   (1072 words)

National Steel Erectors Corporation National Steel Erectors Corporation has frequently employed helicopters to hoist various types of antennas or other equipment where the use of conventional hoisting equipment is difficult or impossible. National Steel Erectors Corporation handles all the work from start to finish, relieving our customer of the problems associated with obtaining and coordinating the various segments of construction. National Steel Erectors Corporation has completed many different building projects including the erection of conventional structural steel, cable supported steel, precast concrete, window walls, and metal sheeting for large buildings. www.nsec.com /Pages/page3.html   (152 words)

American Metal Market: National Steel forges B2B agreement with e-Steel - Brief Article National Steel, which produces carbon flat-rolled steel and is the largest supplier of flat-rolled products to the construction industry, recently implemented the first phase of an electronic order fulfillment system that is one of the major components of its e-commerce program. John Maczuzak, president and chief executive officer of National Steel, said that involvement in e-commerce was crucial for steel producers to maintain high levels of customer service, and the alliance with e-Steel met his company's needs in that regard. The financial terms of the deal were not disclosed, although a spokeswoman for e-Steel said that National Steel would not be an equity partner. findarticles.com /cf_dls/m3MKT/55_108/60822879/p1/article.jhtml   (385 words)

AK rival ups bid for National Steel The battle for Mishawaka, Ind.-based National, one of the nation's largest producers of flat-rolled steel, comes to head Wednesday when National, which sought Chapter 11 bankruptcy protection a year ago, conducts an auction of its assets. AK Steel, which would double its size if it acquired National, has offered to pay $1.13 billion including $925 million in cash and the $200 million assumption of liabilities. U.S. Steel also has a tentative agreement with the United Steelworkers of America which represents about 6,500 of National's 8,200 employees, something AK Steel, designated lead bidder by National, has been unable to get. www.enquirer.com /midday/04/04122003_News_7mday_aksteel.html   (407 words)

National Steel Corporation National Steel also announced today that the Bankruptcy Court for the Northern District of Illinois overseeing National Steel’s pending Chapter 11 cases has scheduled a hearing for February 6, 2003 to consider the approval of bidding procedures granting AK Steel priority “stalking horse” status. National Steel filed its voluntary petition in the U.S. Bankruptcy Court for the Northern District of Illinois in Chicago on March 6, 2002. As previously announced, on January 23, 2003 AK Steel submitted a proposal for the purchase of substantially all of National Steel’s principal steelmaking and finishing assets for $1.025 billion, consisting of $825 million in cash and the assumption of certain liabilities approximating $200 million. www.scripophily.net /natsteelcor.html   (703 words)

National tricone guitars triplate single cone resonator dobro, map shaped vintage guitar collecting In late 1934, National shortened the body of their single cone instruments to give 14 frets clear of the body (note all Tricones stayed at 12 frets clear and were never upgraded). National resonator instruments made from 1928 to 1940 were louder than conventional acoustic guitars of the era. Hence wood body National resonator models have limitied appeal and are not nearly as valuable as a metal body Nationals. www.provide.net /~cfh/national.html   (5732 words)

Despite bankruptcy, National Steel still interests U.S. Steel National Steel joined the growing legion of domestic producers in bankruptcy yesterday, vowing to continue operating while it considers options for reorganizing, including a possible merger with U.S. Steel. U.S. Steel said it was studying how the bankruptcy affects the option it has to acquire NKK's stake in National, but spokesman Mike Dixon said the Pittsburgh-based company remained "very interested" in buying the steelmaker. National Steel lost $652.1 million last year, including a fourth-quarter loss of $280.3 million. www.post-gazette.com /businessnews/20020307national3.asp   (430 words)

U.S. Steel closes on deal for National Steel - May 21, 2003 The acquisition includes National’s integrated facility in Ecorse and River Rouge, Mich.; its integrated facility in Granite City, Ill.; a finishing facility in Portage, Ind., near Gary; National Steel Pellet Company in Keewatin, Minn.; and a number of other subsidiaries and joint-venture interests. PITTSBURGH (AP) — U.S. Steel Corp. has completed the purchase of bankrupt National Steel Corp., the company said Tuesday, one day after thousands of union workers at both companies approved a five-year labor agreement. U.S. Steel will also assume $200 million in debt from National. www.dailyitem.com /archive/2003/0521/biz/stories/04biz.htm   (259 words)

Creation of Crater Lake National Park Steel fought for the establishment of a 300-mile-long forest reserve stretching from the Columbia River to the California border. Steel started the first forestry organization in Oregon and had surveyed the Stehekin section of the Washington Reserve when Pinchot was "special forest agent" for Interior in 1897. Steel and a friend went to southern Oregon to meet up with geologist Joseph LeConte who was studying the volcanic features of the Pacific Coast. www.nps.gov /crla/steel.htm   (6808 words)

National Guitars: American Tradition Nationals have a much wider dynamic range than either electric or conventional wooden acoustic guitars, with a profound tone that is unique among instruments. The National line of metal-bodied resonator instruments are the most uniquely American guitars ever made, representing America's cultural melting pot, as well as the transition from acoustic to electric guitars. National resonator guitars have fascinated me (and rendered me useless for any other work besides music) since I was a young boy. www.bobbrozman.com /national.html   (1840 words)

Weirton Steel: History National Steel quickly took a place among the nation's largest steel producers. However, the negative effects of a nationwide steel import crisis that began in 1998 have significantly reduced the company's production output, harmed its ability to control pricing and severely hampered its financial performance. It was the beginning of a new era for Weirton Steel; then the nation's largest wholly employee-owned company. www.weirton.com /company/about/hist.html   (763 words)

UPDATE - AK Steel named lead bidder for National Steel A deal between National and either suitor, however, is still subject to the negotiation of a new labor contract with the United Steelworkers of American union, which has had a rough track record in negotiating with AK Steel. National Steel, based in Mishawaka, Indiana, further said it has received a request for additional information from the U.S. Justice Department on the U.S. Steel offer. Both U.S. Steel's and AK Steel's offers include the assumption of $200 million in liabilities, though AK Steel's bid includes National Steel Pellet Company, which U.S. Steel, based in Pittsburgh, did not plan to buy. www.freerepublic.com /focus/news/838010/posts   (794 words)

Encyclopedia: National Steel (album) National Steel is a blues album by Canadian musician Colin James, released in 1997 (see 1997 in music). National Steel earned James the 1998 Juno Award for "Best Blues Album". People who viewed "National Steel (album)" also viewed: www.nationmaster.com /encyclopedia/National-Steel-(album)   (221 words)

Business: U.S. Steel to pay $750-million for bankrupt National Steel Bringing National Steel into the fold could increase U.S. Steel's production by up to 40 percent and the company expects a combined annual cost savings of about $170-million within two years of purchase. Industry experts said U.S. Steel may have felt pressure to make an offer sooner rather than later for National, but company officials said the decision was made in late December. If the deal is completed, U.S. Steel would increase its production capabilities to about 25-million tons of raw steel annually, bumping the company up from being the world's 11th largest producer to No. 5, the company said. www.sptimes.com /2003/01/10/Business/US_Steel_to_pay_750_m.shtml   (505 words)

USATODAY.com - U.S. Steel raises bid for National Steel to $775 million U.S. Steel's offer is still $150 million less than one by AK Steel (AKS), which was named by a federal bankruptcy judge in February as lead bidder for National. The proposed acquisition of National Steel Pellet, which employs 500 people, is part of that tentative contract agreement, said U.S. Steel spokesman Mike Dixon. The bid now also includes the purchase of National Steel Pellet, a taconite mine in Keewatin, Minn., that was excluded from an earlier $750 million bid. www.usatoday.com /money/industries/manufacturing/2003-04-11-national-steel_x.htm   (475 words)

National Steel fate up to judge - 04/20/03 U.S. Steel's purchase of National would be another example of that consolidation process, said Sanford Ring, a steel trade attorney with Dykema Gossett LLC in Washington, D.C. "This seems to be consistent with the goals of the steel tariff program," he said. Steel coils are ready for shipment at U.S. Steel's plant in Gary, Ind. The United Steel Workers of America says 8,000 National Steel workers will strike if the court voids its contract with U.S. Steel. National Steel, which operates in Ecorse and River Rouge, filed for bankruptcy protection in a time of rapid industry consolidation. www.detnews.com /2003/business/0304/21/b01-141484.htm   (1122 words)

National Steel and AK Steel Agree to Extension of Time Periods Related to Auction National Steel Corporation today announced its agreement with AK Steel Corporation to extend the deadline for the submission of bids and the date of the auction to be held in accordance with the bidding procedures previously approved by the U.S. Bankruptcy Court for the Northern District of Illinois overseeing National Steel's pending Chapter 11 cases. Pursuant to the APA, National Steel has agreed to sell substantially all of its principal steelmaking and finishing assets, as well as its iron ore pellet operations, to AK Steel. The Bankruptcy Court also continued the previously scheduled hearing to consider approval of the sale of substantially all of National Steel's assets from April 7, 2003 to April 21, 2003. www.forrelease.com /D20030326/law017.P2.03262003120305.26974.html   (277 words)

American Metal Market: National Steel to hike tags on sheet, extras National was the fourth steel-maker to announce first-quarter base price hikes of $35 a ton on hot-rolled, $47 a ton on cold-rolled and $49 a ton on galvanized sheet. PITTSBURGH - National Steel Corp. here said Wednesday it will follow a leading move by USX Corp.'s USS steel division here to hike base published sheet steel prices by $35 to $49 a ton, depending on the product, effective with Dec. 30 shipments. National Steel to hike tags on sheet, extras www.findarticles.com /p/articles/mi_m3MKT/is_n185_v98/ai_8880870   (212 words)

National Steel Corporation - Steel Grade - Testimonial Being that steel chemistries are frequently created and existing specifications may be revised, it is important to expeditiously communicate changes to our Steel Producing Operations, Quality Assurance and other Departments throughout National Steel Corporation. This letter is in regards to the work that Carsley has done for National Steel Corporation on the Steel Grade project. The Steel Grade Application project has not only allowed us to communicate data changes to users in real time, but also allows us to highlight the changes making it easy to view and understand the revision reason. www.carsley.com /Clients/Testimonials/National-Steel-Steel-Grade.asp   (239 words)

Industrial Hamilton -- A Trail to the Future - National Steel Car Limited Robert J. Magor's extensive knowledge of the car-building businesses earned him the presidency of the company, and the name was altered slightly to National Steel Car Corporation Limited. Steel Car was awarded a share of two large contracts with Canadian General Transit, and the American market for Canadian-built freight cars was growing. Steel Car had, in fact, begun producing shells three years before, for the British War Office; an entire building had been erected on the Hamilton lot to handle the production. collections.ic.gc.ca /industrial/nsccorp.htm   (1517 words)

Welcome to National Steel Erectors Corporation We at National Steel Erectors Corporation are proud of our excellent safety record and are dedicated to the protection of our customer's property and services. Since 1955 National Steel Erectors Corporation has met the ever increasing demand for high quality, dependable engineering and field services in the steel erection business and its many related services. We are proud of our successful experience in the erection of towers, buildings, moving and setting heavy machinery, and the dismantling of steel structures. www.nsec.com   (254 words)

Bidding for National Steel gets personal International Steel Group of Cleveland purchased LTV Steel last year and is bidding about $1.5 billion for Bethlehem Steel. They also say acquiring National would pose more credit risks for AK Steel. AK Steel and the union are still trying to resolve issues from a three-year dispute at the steelmaker's Mansfield, Ohio, plant, which idled about 600 USW members. www.post-gazette.com /businessnews/20030220steel2.asp   (1495 words)

U. S. Steel, NKK Corporation and National Steel in Consolidation Talks PITTSBURGH, Dec. 9 /PRNewswire/ -- United States Steel LLC (NYSE: X) confirmed today that, although no agreement has been reached, it is in talks with NKK Corporation of Japan and National Steel Corporation concerning a possible acquisition of National Steel by U. Steel. Any acquisition would be contingent on a number of significant conditions, including a substantial restructuring of National Steel's debt and other obligations. U. Steel will proceed only if the acquisition would be in the best interests of its company's shareholders, customers, employees and creditors. www.prnewswire.com /cgi-bin/stories.pl?ACCT=104&STORY=/www/story/12-09-2001/0001630102&EDATE=   (374 words)

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