Weirton Steel Corp (fka WRTLQ)

[Carlito]

Look @ nstlq today !!!!!!!!!!
i am still holding mineeeeeeeeee

[lifegear]

363 sale but I believe how it works is that they separate the good assets from the bad

similar to NSTLQ too that peaked at .06 from this level

[YSUJosh]

does this company have any assets left? I thought all the assets were sold.

[lifegear]

that is great news

[AngusYoung]

Yes and better look into NOBLQ too my friend. Mittal just bought the company.

[MikeDyr]

Nice, things could be looking up for our little stock pic!

[AngusYoung]

ArcelorMittal.........................................................
Tin Production Going Strong for Weirton
By Casey Junkins, Wheeling News Register, 5/1/09

Mark Glyptis, president of United Steelworkers Local 2911, said the future is bright for ArcelorMittal Weirton.

WEIRTON - Mark Glyptis said when you open a can of soup, there is a good chance some of the 1,041 employees of ArcelorMittal Weirton made the tin used to form the container.

Glyptis, president of United Steelworkers Local 2911, said about 100 of those employees - 921 of whom are union members with 120 in management - are now "voluntarily" laid off, with another 11 "involuntarily" separated from employment in an effort to save global steel giant ArcelorMittal money during the economic downturn.

And numbers released this week by Chairman and Chief Executive Officer Lakshmi Mittal show the international company lost $1.1 billion during the first three months of this year after finishing the first quarter of 2008 with a $2.37 billion profit.

But Glyptis believes ArcelorMittal as a whole - and especially the plant known as Weirton Steel Corp. until 2005 - is in a prime position to thrive in the coming years.

"Mr. Mittal is a tremendous businessman. ... I have full confidence in his ability to guide us through these difficult economic times," Glyptis offered.

As for the Weirton plant itself, Glyptis said tin yields are "higher now that at any time I can remember," though he said company regulations forbid him from releasing specific production figures.

"We are very fortunate to have the tin production we have because the tin business is very viable in a down economy," he said, noting he believes this is because people are more likely to purchase canned foods during an economic slowdown.

And Glyptis said the Weirton plant can grow to become an even better tin mill.

"There is a tremendous opportunity in Weirton. ... Our long-term goal is to be the best tin producer in North America," he said.

Though he is upbeat about the present and future viability of ArcelorMittal Weirton, Glyptis acknowledges some take a more pessimistic view.

"Obviously, we experienced a great deal of pain when we lost our hot mill. We did everything we could to keep it going, but it just did not happen," he said.

At its height, Weirton Steel Corp. employed more than 11,000 people, but Glyptis knows a number like this will never be approached again.

"This town grew up around this mill, but you have to diversify at some point. ... You can either give up and say, 'We lost,' or you can say, 'Let's make the best of what we have here now," he said.

And Glyptis is confident that bright days lie ahead for the Weirton mill - he believes ArcelorMittal will eventually hire employees to replace retiring workers and expand production.

"There is tremendous opportunity for growth here. ... Within the next five years, I believe we will see significant growth," he said of both the plant and the rest of the city.

"The art of steelmaking today is much more complicated and technical than in previous generations. It takes a great deal of training for people to do this work today because they need to have technical skills and knowledge of computers," Glyptis said.

To help train Weirton's next generation of steelworkers, Glyptis said he would like to team with Hancock County Schools to implement a vocational apprenticeship program.

"We have a great deal of knowledge among our current work force, but many of us are going to be retiring soon. So we would like to be able to pass along some of our knowledge to help the young people as we begin to hand the plant over to them,"

[MikeDyr]

Thanks for the info.

[igotano]

vol came from Daytrader's Forum board...Street trader picked it.

[lifegear]

LOL

[MikeDyr]

Well I guess that explains it...
lol

[Carlito]

AskLoverssssssssssss

[lifegear]

I'm trying to find out

[MikeDyr]

Have you got any reason for the volume today?

[Carlito]

Yep , still wait here , For the move !!!

[lifegear]

I wonder if that big volume last qtr of 2008 is indicative that something is about to happen here?

weekly volume went up to 18M

[Carlito]

Let it runnnnnnnnnnnnnnnnnnn


so boring slow allover grrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr

[lifegear]

MACD crossover

[lifegear]

3/8/09 News--Weirton Steel Plant Recognized for Energy-Saving Efforts
Posted Sunday, March 8, 2009 ; 06:00 AM | View Comments | Post Comment
Updated Sunday, March 8, 2009 ; 11:15 AM

http://wowktv.com/story.cfm?func=viewstory&storyid=53732

The U.S. Department of Energy has honored ArcelorMittal for reducing its energy use at its plants, including the steel mill in Weirton.
By Linda Harris

Ohio Valley Correspondent

ArcelorMittal reduced energy consumption at its U.S. holdings in 2008 and over the past three years has shaved millions from its bottom line.

As a result, the company has earned accolades from the U.S. Environmental Protection Agency and Department of Energy.

The two government agencies have recognized the steel giant as a 2009 Energy Star Partner of the Year for its energy management practices. It’s the second consecutive year ArcelorMittal received the award, which recognizes outstanding contributions to protecting the environment and reducing greenhouse gas emissions through energy efficiency.

ArcelorMittal Corporate Responsibility Manager Mary Beth Holdford said the company reduced its corporate energy footprint by some 4.1 percent over the past three years by cutting natural gas, fuel oil and electricity consumption at its domestic operations.

At its Weirton plant, for instance, total dollars spent for energy in 2008 were down roughly $6 million from the year before. Although the plant has gone through a very public downsizing, Holdford said the energy reduction is more the result of employees taking a common sense approach to how things are being done — things like turning off motors that aren’t being used and fixing leaks.

“We shut down things that were no longer necessary,” said James Taylor, division manager of maintenance, engineering and utilities at the Weirton plant. “Maybe we run part of the operation from Monday through Friday and it’s down on weekends. In the old days, when things were cheaper, they would leave the pumps on, the lights on … everything was already on so it was easier (to get started) when they came in on Monday morning, and they didn’t think much about it. Today, we do. Today we shut those operations down.”

Taylor and Holdford said the plant shaved roughly $13,000 per month from its electric bill by shutting down non-essential utilities in areas of the plant no longer needed for operations. Power boilers used for plant process steam production were examined and tuned to reduce fuel use and improve energy efficiency, bringing a monthly fuel savings of $50,000. The Weirton plant also performed steam trap surveys throughout the mill to identify and repair steam leaks in the piping and replace trap systems, an additional $20,000 per month savings from its natural gas bill.

Taylor said the plant also has been systematically replacing older, less efficient lighting with energy conserving hi-bay fluorescent models — a newer, greener technology.

“Over the past year we replaced lights in three areas of plant,” Taylor said. “We can’t do it all at once; it is expensive. As we come to an area we replace a section, then we move on to the next.”

They also shut down excess transformer capacity, reducing the electrical load significantly.

“We still have enough transformers to do production, but it’s saved us $62,000 a month,” Taylor said, adding the Weirton plant has achieved a 10 percent reduction in the amount of energy burned for every ton of steel shipped.

“That’s tremendous,” he said. “We just need to go out and do things more efficiently. If you look at the dollars, it’s incredible what you can do.”

ArcelorMittal USA President and CEO Michael Rippey pointed out they’re the only steel company to be selected for the award, saying it “further demonstrates ArcelorMittal’s commitment to maintaining operational excellence, while efficiently managing energy resources.”

Copyright 2009 West Virginia Media. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

[WIDESPREAD PANIC]

I have been noticing that, hmmm!

[lifegear]

this is creeping up slowly, maybe a merger along the way?

[Carlito]

looks some1 want in.

[lifegear]

what's going on?

[Carlito]

003 +500%
002 x003 N X N

[Carlito]

Aha , aon , it means the have less shares than your order ,so less than 25k @ 0008 for sale .

[MikeDyr]

aon.
How funny, now they raise the ask to 15 without filling my order.

[Carlito]

gtc, or aon? order

[MikeDyr]

Strange, nobody wants to sell to me at the ask !!!
25k @ .0008

[fullspeed]

hopefully i`ll be able to repeat

[Carlito]

nice add .

[MikeDyr]

They must have been trying to intise someone in, but they must know that it's worth much more.

[fullspeed]

wanted to buy 1 Mio at the AST; they gave me only 200 K and rose the ASK; well, i`m patient

[WIDESPREAD PANIC]

Wow nice action!

[MikeDyr]

What the heck is goin on here?
Ask jumped to 35 !!!

[WIDESPREAD PANIC]

I am still in this too, no I have no idea, just holding on to see when something will happen!

[MikeDyr]

Any idea what's taking this down?
Have you heard anything new?

[Carlito]

001 x0012 nite x nite !
not me ,only holding small av 0018 here !!!

[lifegear]

who's the bidwhacker today?

[Carlito]

Why not? patience !got i pop from time to time

[Coniba]

any hope for this stock?

[Carlito]

Lucky 0012 fills ,
some1 here?

[Coniba]

5k bids whacks.. just killed this thing? any thoughts?

[Carlito]

Silly walk down ((

[lifegear]

this is similar to NSTLQ that hit .06

[Carlito]

003 volumeeeeeeeeeeeeeeeee

[Carlito]

Gl, moves so easyyyyyyyyyyyyy

[WIDESPREAD PANIC]

Here she goes!

[beachbum77]

Joined you guys this looks like a good one

[lifegear]

yes, can't grab everything that's moving

[Carlito]

Y, way to much in 1day , hard to catch him all
so i missed a few nice1s today.
But here i am on the train !!!!tuuuuuuuuuuuuuutttttttttt