NEW YORK, NY, Jun 04, 2012 (MARKETWIRE via COMTEX) -- American Metal Market proudly announces the finalists for the 2012 Awards for Steel Excellence. The 2012 Awards for Steel Excellence program will recognize the most innovative companies across multiple categories. The winners will be announced and honored at a special dinner on June 19, 2012 during the Steel Success Strategies XXVII Conference. Individual tickets will be available when you register for the Steel Success Strategies event.
Also included in the dinner is a celebration of the newly launched Steel Hall of Fame and its inductees. A video tribute to the Inaugural Class will open the dinner and a live presentation by Dan DiMicco, Chairman and CEO of Nucor will honor Inaugural Class Inductee Ken Iverson.
The Steel Hall of Fame Inaugural Class Includes:
Andrew Carnegie Elbert Gary Henry Bessemer Charles Schwab
Willy Korf Ken Iverson Park Tae-Joon Yoshihiro Inayama
The Class of 2012 will then be honored with the following presentations:
-- Tribute to 2012 Inductee John B. Tytus by James Wainscott, Chairman
& CEO, AK Steel
-- Tribute to 2012 Inductee Luigi Danieli by Gianpietro Benedetti,
Chairman & CEO, Danieli
-- Tribute to 2012 Inductee Father William Hogan by Frank Koeble
-- Tribute to 2012 Inductee Irving Rossi by Herbert Fastert
-- Tributes to Thomas Graham by John Surma, Chairman & CEO, US Steel
and James Wainscott, Chairman & CEO, AK Steel including
presentation of Hall of Fame plaque to Thomas C. Graham, the first
living Inductee to the Steel Hall of Fame
The evening continues with presentations for the AMM Awards for Steel Excellence. The full list of nominees includes:
Best Innovation
-- Carpenter Technology - Phased Array Inspection System
-- China Beijing Mining Exchange - China Iron Ore Spot Trading Platform
-- Olympic Steel - Tube Laser installation at Chicago Tube & Iron
subsidiary
-- Majestic - Technology innovations to improve transparency
Best Merger & Acquisition
-- AK Steel/Magnetation LLC, AK Coal Resource Inc.
-- Carpenter Technology/Latrobe Specialty Metals
-- AM Castle/Tube Supply Inc.
-- Grede Holdings/Novocast and Teknik (Mexico from Grupo Proeza) and
Paxton-Mitchell (Omaha, Neb)
-- Olympic Steel/Chicago Tube & Iron
Best Operational Improvements
-- ArcelorMittal Dofasco - Operating cost savings, productivity increase
resulting from Primary Optimization Program (POP)
-- ArcelorMittal Indiana Harbor - Blast furnace top gas Energy Recovery
& Reuse (504 boiler project)
-- ArcelorMittal Burns Harbor - Enhanced efficiency, quality resulting
from rebuild of the 160-inch plate mill heat treat operation
-- Carpenter Technology - Seven-fold increase in throughput and zero
customer rejections resulting from the implementation of Phased Array
Inspection System
-- Superior Tube - Implementation of a Lean Manufacturing culture leading
to a 12-percent Increase in revenue and 62-percent improvement in
operating profit
Best Brownfield/Greenfield Technology
-- ArcelorMittal Dofasco - Primary Optimization Program (POP)
-- ArcelorMittal Indiana Harbor - Blast furnace top gas Energy Recovery
& Reuse (504 boiler project)
-- ArcelorMittal Burns Harbor - Rebuild of Heat Treat Operation serving
160-inch plate mill
-- Essar Steel Algoma - Installation of Individualized Oven Pressure
Control System on No. 9 Coke Battery
-- GE/Wuhan - Increase in energy efficiency and profitability
-- Magnetation - Use of a unique, advanced magnetic separation process to
recover iron ore from existing stockpiles of previously mined
material.
Environmental Responsibility/Stewardship
-- Sims Metal Management - Global "Green" Initiatives, capital
Investments and accreditation
-- Steel Market Development Institute (SMDI) - Auto emissions reduction
through the SMDI's FutureSteelVehicle Project
-- Olympic Steel - Installation of a 100 KW Northern Power 100 wind
turbine to supplement power used by company's Cleveland temper mill
and corporate headquarters
Industry Ambassador/Advocate of the Year
-- Dr. Sunil Widge, Carpenter Technology's Senior Vice President
-Strategic Business Development & Governmental Affairs and
Chairman of the Stainless Steel Industry of North America from 2009 to
2011, steering the organization through a difficult time for the
industry.
-- Thomas A. Danjczek, President, Steel Manufacturers Association (SMA)
-- Thomas J. Gibson, President and Chief Executive Officer, American Iron
& Steel Institute (AISI)
Logistics/Transportation Provider of the Year
-- Union Pacific - Introduction of numerous new products, including
Pipeline Express, Seamless Steel and Copper Connection, designed to
improve the ease of doing business by rail for metal shipping
customers
-- Olympic Steel - Pioneering a private fleet of metal movers that now
number 117 total tractors and trailers and the implementation of a
state-of-the-art fleet management system
Scrap Company of the Year
-- Sims Metal Management - For overall excellence in customer
service/support and continuous improvement initiatives worldwide
-- Upstate Shredding - Customer-centered service, community participation
and strong support, have helped make Upstate Shredding - Ben Weitsman
one of the largest privately held scrap metal processors on the U.S.
East Coast
-- Cohen - Fourth-generation, privately owned, family business celebrated
a banner year in 2011 when it rebranded, added satellite operations
and adopted an aggressive plant to vertically integrate several new
product lines and services into its business model.
-- All Star Metals - Brownsville, Texas-based licensed ship recycling,
metal processing and environmental remediation contractor that has
achieved steady growth over the past nine years.
Service Center of the Year
-- Berlin Metals - For excellence in customer service, support and
retention. On-time delivery rates are said to have exceeded 99 percent
for nearly a decade with customer complaint percentage pegged at less
than 1/2 of one percent for 15 years. Return on net assets (RONA)
2009, 2010 and 2011 is reported at 1.5 percent, 21.7 percent and 23.9
percent respectively.
-- Mill Steel - Grew 41.5 percent in terms of tons sold and 26.3 percent
in terms of customers sold in calendar year 2011. Also completed
variety of expansion and equipment installation projects and
experienced NO customer defaults or bankruptcies in 2010 or 2011.
-- AM Castle - Moved aggressively to ensure future growth via the $165
million acquisition of Tube Supply at an attractive multiple of
EBITDA.
-- Olympic Steel - Acquisition for $150 million in cash and assumption of
about $6 million in debt of Chicago Tube & Iron Co. (CTI, in July,
2011 proved immediately accretive to earnings. Combined, Olympic and
CTI noted revenue of about $1.5 billion.)
Steel Producer of the Year
-- CMC - CMC's vertical integration model revolutionized the way the
steel industry operates today.
-- The Timken Co. - By applying its knowledge of friction management and
power transmission, Timken helps customers products run smoother,
faster and more efficiently.
For more information about the AMM Awards for Steel Excellence or the Hall of Fame, please contact Karen Ross at 412-880-4966 or kross@amm.com.
Contact:
Karen Ross
412-880-4966
SOURCE: American Metal Market
