| | Business Summary | | Bayou
Steel
Corporation
is
a
producer
of
light
structural
shapes
and
merchant
bar
steel
products.
The
Company
owns
and
operates
a
steel
mini-mill
and
a
stocking
warehouse
on
the
Mississippi
River
in
LaPlace,
Louisiana
(the
Louisiana
Facility),
three
additional
stocking
locations
directly
accessible
to
the
Louisiana
Facility
through
the
Mississippi
River
waterway
system,
and
a
rolling
mill
with
warehousing
facility
in
Harriman,
Tennessee
(the
Tennessee
Facility)
also
accessible
through
the
Mississippi
River
waterway
system.
The
Company
produces
merchant
bar
and
light
structural
steel
products
ranging
in
size
from
three
to
eight
inches
at
the
Louisiana
Facility
and
merchant
bar
products
ranging
from
one-half
to
four
inches
at
the
Tennessee
Facility. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Bayou
Steel
Corporation
owns
and
operates
a
steel
minimill
in
Louisiana
that
produces
merchant
bar
and
light
structural
steel
products.
For
the
nine
months
ended
6/30/01,
net
sales
decreased
32%
to
$106.2
million.
Net
loss
totalled
$26.7
million,
vs.
an
income
of
$928
thousand.
Revenues
reflect
an
unprecedented
level
of
imports
adversely
impacting
the
domestic
steel
market.
Loss
reflects
erosion
of
the
metal
margin
and
higher
prices
for
power
and
natural
gas. | | More
from
Market Guide: Significant
Developments |
| | Officers | | | FY2000 Pay | |
| Howard Meyers, 58
Chairman,
CEO | $531K | Jerry Pitts, 49
Preisdent,
COO | 386K | Richard Gonzalez, 53
VP,
CFO, Treasurer, Sec. | 192K | Rodger Malehorn, 58
VP
of Commercial Operations | 176K | Timothy Postlewait, 50
VP
of Plant Operations | 192K | | Dollar amounts are as of 30-Sep-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
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/b/byx.gif)