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Home > Company Index > Metals & Mining > Steel Production > Birmingham Steel Corporation

Birmingham Steel Corporation
NYSE: BIR
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 NEWS FROM THE WIRES
Birmingham Steel faces delisting from NYSE
Jul 13 2001 04:09 PM PDT

More WIRE STORIES about this company

 PROFILE
Ferrous scrap metal is grist for the minimill at Birmingham Steel. The company's six minimills melt down scrap metal and manufacture rebar (more than 40% of sales), which is used to reinforce concrete. Birmingham Steel sells its merchant products (angles, channels, flats, rounds, squares, and strip) to fabricators and OEMs for use in products such as security bars, furniture, and farm equipment. The company's Special Bar Quality (SBQ) unit makes bar, rod, and wire products. Birmingham Steel also has interests in scrap collection. After a proxy battle, dissident shareholders led by John Correnti (former Nucor CEO) and Jim Todd (retired Birmingham Steel CEO) ousted CEO Robert Garvey and installed Correnti as CEO.

 COMPETITION
Co-Steel Inc. (CEI)
Commercial Metals Company (CMC)
Nucor Corporation (NUE)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: June
2000 Sales (mil.): 932.50
1-Yr. Sales Growth: 31.4%
Employees: 2,126
Revenue per employee: $438,617.12

 KEY PEOPLE
• John Correnti
    CEO
• J. Daniel Garrett
    CFO

 CONTACT INFO
1000 Urban Center Dr., Ste. 300
Birmingham, AL 35242
US
Phone: 205-970-1200
Fax: 205-970-1353
Online: Web Site

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