| Business Summary | | Birmingham
Steel
Corporation
owns
and
operates
facilities
in
the
mini-mill
sector
of
the
steel
industry.
In
addition,
the
Company
owns
an
equity
interest
in
a
scrap
collection
and
processing
operation.
From
these
facilities,
which
are
located
across
the
United
States
and
Canada,
the
Company
produces
a
variety
of
steel
products
including
semi-finished
steel
billets,
reinforcing
bars,
merchant
products
such
as
rounds,
flats,
squares,
strips,
angles
and
channels
and
Special
Bar
Quality
(SBQ)
products,
including
rod,
bar
and
wire.
In
fiscal
2000,
the
Company
began
production
of
structural
products
such
as
angles,
channels,
and
beams
that
are
three
inches
wide
and
above.
The
Company
also
operates
regional
warehouse
and
distribution
facilities
that
sell
its
finished
products. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | BIR
owns
and
operates
facilities
in
the
mini-mill
sector
of
the
steel
industry.
BIR
also
owns
equity
interest
in
scrap
collection
and
processing
operations.
For
the
nine
months
ended
3/31/01,
net
sales
fell
11%
to
$480.4
million.
Net
loss
from
continuing
operations
and
before
extraordinary
item
fell
27%
to
$35.1
million.
Revenues
reflect
a
reduction
in
tons
shipped
and
an
average
decrease
in
selling
price.
Lower
loss
reflects
reduced
start-up
and
restructuring
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| John Correnti, 53 Chairman
and CEO | $1.2M | James Todd, Jr., 72 Vice
Chairman, CAO | 417K | J. Daniel Garrett, 42 VP-Fin.,
CFO | 189K | Robert Wilson, 63 VP
of Sales and Marketing | 189K | Philip Oakes, 53 VP
of HR | 191K | Dollar amounts are as of 30-June-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|