| Business Summary | | Northwestern
Steel
&
Wire
Company
is
a
major
mini-mill
producer
of
steel
products
including
structurals,
bars
and
rod.
In
contrast
to
integrated
mills,
which
produce
steel
from
coke
and
iron
ore
through
blast
furnaces
and
basic
oxygen
furnaces,
mini-mills
use
electric
arc
furnaces
to
melt
steel
scrap
and
cast
the
resulting
molten
steel
into
long
strands
of
various
shapes
in
a
continuous
casting
process.
Structural
steel
products
are
used
in
commercial,
industrial
and
residential
construction
applications,
as
well
as
infrastructure
projects,
such
as
roads
and
bridges,
and
public
sector
construction,
such
as
schools
and
hospitals.
In
construction
applications,
structural
steel
products
are
used
as
beams,
columns
and
girders,
which
form
the
support
structure
of
a
building.
In
infrastructure
construction,
structural
forms
are
combined
to
form
bridge
trusses
and
vertical
highway
supports.
Original
equipment
manufacturers
use
light
structural
shapes
in
the
fabrication
of
heavy
equipment. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | NWSW
is
a
mini-mill
producer
of
structural
steel
components
which
include
wide
flange
beams,
light
structural
shapes,
merchant
bars
and
semi-finished
steel,
as
well
as
rod
and
wire
products
which
include
nails,
fencing,
concrete
reinforcing
mesh
and
other
fabricated
wire
products.
For
the
six
months
ended
1/31/01,
net
sales
fell
20%
to
$142.1
million.
Net
loss
rose
70%
to
$29.4
million.
Revenues
reflect
a
decrease
in
tons
shipped.
Net
loss
reflects
lower
interest
income. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| William Andrews, 68 Chairman | -- | Frederick Rocchio, Jr., 52 CEO,
Pres, Director | $428K | Michael Venie, 51 Sr.
VP -- Sales and Marketing | 191K | Thomas Vercillo, 44 VP
-- Fin., CFO, Sec. and Treasurer | 127K | Andrew Moore, 46 VP,
Director of HR | 145K | Dollar amounts are as of 31-July-1999 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
|
|