Steel News

Reliance Steel & Aluminum Co. Posts Second Quarter 2015 Results

27 July 2015 - Reliance Steel & Aluminum Co. reported its financial results for the second quarter ended June 30, 2015.

Nucor Publishes Second Quarter Financial Results

27 July 2015 - Nucor Corporation presented their earnings report for the second quarter of 2015 on 23 July.

MMK Investing in New Hot-Dip Galvanizing Line

27 July 2015 - Magnitogorsk Iron and Steel Works (MMK) and the SMS group (Germany) concluded a supply contract for equipment for a new continuous galvanizing line (CGL).

Italy's Lower House Votes to Keep Ilva Steel Plant Open

27 July 2015 - Reuters reports that Prime Minister Matteo Renzi won backing in parliament on 23 July to keep open the scandal-hit Ilva steel plant against the will of local magistrates in southern Italy who say it is unsafe.

SMS group Modernizes Walking Beam Furnace of ArcelorMittal Asturias

24 July 2015 - In February 2015, SMS Meer SpA, Italy, was awarded a new contract by ArcelorMittal Asturias, Spain, for the revamping of the 150-ton/hour walking beam furnace that feeds the wire rod mill.

Outokumpu Reports EUR -25 Million Underlying EBIT for Q2 2015: Improvement in Coil EMEA Not Enough to Cover Losses in Coil Americas

24 July 2015 - Outokumpu released its interim report for the second quarter of 2015 on 23 July.

EVRAZ NTMK Launches New Air Separation Facilities

24 July 2015 - EVRAZ NTMK commissioned two air separation facilities that will supply nitrogen, oxygen and argon to its blast furnace and converter shops.

EVRAZ Releases Production Report for Second Quarter of 2015

24 July 2015 - EVRAZ plc released its operational results for the second quarter of 2015 on 17 July.

Reid Jajko Appointed to Vice President, Aftermarket Business Unit, NSK USA

24 July 2015 - NSK Corporation (NSK) announced the appointment of Reid Jajko to Vice President, Aftermarket Business Unit, USA.

Worldsteel: World Crude Steel Production Decreases 2.4% Year on Year, U.S. Production Down 8.5% From June 2014

23 July 2015 - World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 136 million tonnes (Mt) in June 2015, a -2.4% decrease compared to June 2014.

Midrex and Synthesis Energy Systems Expand Global Strategic Alliance for Optimizing MXCOL® DRI Facilities

23 July 2015 - Midrex Technologies, Inc. (Midrex), a subsidiary of Kobe Steel, Ltd., and Synthesis Energy Systems, Inc. (SES) announced the signing of a Project Alliance Agreement that expands their exclusive relationship for integration and optimization of direct reduction ironmaking (DRI) technology using coal gasification.

Steel Dynamics Inc. Announces Second Quarter 2015 Results

23 July 2015 - Steel Dynamics, Inc. announced second quarter 2015 adjusted net income of $53 million, or $0.22 per diluted share, and adjusted operating income of $120 million, which excludes the following items:

Morgan Advanced Materials Announces Reliable Materials for Heat Shields for Wide-Ranging Applications

23 July 2015 - Morgan Advanced Materials (Morgan) announces the availability of materials for heat shields produced by its Thermal Ceramics business, which are used in highly demanding environments in industrial applications like iron and steel and transportation applications such as aerospace, marine and automotive.

Baghouse Integration Automation & Control - Compliance With an Edge

23 July 2015 - Large scale fabric filter baghouses in the power, lime, cement, steel, lead, foundry and chemical industries will significantly lower emissions, reduce energy use and cut maintenance costs with the B-PAC™ Series Baghouse Performance Analyzer & Controller.

Voestalpine Invests in EUR 100 Million Continuous Caster

22 July 2015 - The steel plant belonging to the international technology and capital goods group voestalpine in Linz, Austria, where the company is headquartered, is already one of the most modern of its kind in the world.

U. S. Steel Canada Attempting to Swap Financiers

22 July 2015 - According to a report by the CBC, after fielding threats their financing would be cut, U.S. Steel Canada is filing to replace its original bankruptcy lender, U.S. Steel (USS), with Brookfield as the creditor for a unique line of credit for bankruptcy proceedings, called debtor in possession (DIP) financing.

Republic Steel to Temporarily Lay Off 125 at Lorain, Ohio Plant

22 July 2015 - Republic Steel is temporarily laying off about 125 workers from its Lorain plant, the company announced on 17 July.

Northwest Pipe Company to Explore the Sale of Its Energy Tubular Products Business

22 July 2015 - Northwest Pipe Company, an industry leader of engineered welded steel pipe products, announced it is in the process of exploring the sale of its remaining Energy Tubular Products business, which includes line, structural and standard pipe, and is located in Atchison, Kansas.

MSCI: Shipments Recover Slightly in June

22 July 2015 - The Metal Service Center Institute has reproted that U.S. shipments of steel products decreased only moderately in June and aluminum shipments increased.

FLSmidth to Supply Complete Air Pollution Control System for Essar Steel Minnesota

21 July 2015 - FLSmidth has received a contract worth approximately USD 40m (DKK266m) from Essar Steel Minnesota LLC for mechanical installation of a complete Air Pollution Control system for the Group's greenfield iron ore pelletizing plant.