| Business Summary | | Rouge
Industries,
Inc.
is
primarily
engaged,
through
its
wholly
owned
subsidiary,
Rouge
Steel
Company,
in
the
production
of
flat-rolled
carbon
steel
products
consisting
of
hot-rolled,
cold-rolled
and
galvanized
steel.
The
Company's
products
are
sold
primarily
to
customers
in
the
automotive
industry.
The
Company
also
sells
its
products
to
steel
converters,
service
centers
and
other
end
users.
Other
wholly
owned
subsidiaries
of
Rouge
Industries
include
QS
Steel
Inc.
and
Eveleth
Taconite
Company.
QS
Steel
holds
minority
ownership
interests
in
five
Michigan-based
joint
ventures.
Eveleth
holds
a
45%
interest
in
Eveleth
Mines
LLC,
a
Minnesota-based
iron
ore
mining
and
pellet
producing
operation. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Rouge
Industries
is
an
integrated
producer
of
high
quality,
flat
rolled
carbon
steel
products,
consisting
of
hot
rolled,
cold
rolled
and
electrogalvanized
steel,
selling
primarily
to
the
automotive
industry.
For
the
six
months
ended
6/30/01,
total
sales
fell
20%
to
$482.5
million.
Net
loss
rose
from
$6.0
million
to
$51.1
million.
Results
reflect
a
weak
automotive
market,
lower
steel
selling
prices,
higher
natural
gas
costs,
and
a
$13.5
million
steam
cost
penalty
relating
to
delays
at
CMS
Energy. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Carl Valdiserri, 64 Chairman
and CEO | $279K | Gary Latendresse, 57 Vice
Chairman and CFO | 239K | William Hornberger, 54 Sr.
VP- Corp. Relations and External Affairs | 178K | Ronald Nock, 48 Sr.
VP- Commercial and Strategic Planning | 183K | Martin Szymanski, 47 VP,
Gen. Counsel, Sec. | -- | Dollar amounts are as of 31-Dec-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
|
|