Steel News

AK Steel's Coshocton Works Recognized For Outstanding Safety Performance

07 May 2015 - AK Steel's Coshocton (Ohio) Works has been recognized for outstanding safety performance by the Ohio Bureau of Workers' Compensation, Division of Safety and Hygiene. The recognition is part of a collaborative safety awareness program established by the Coshocton County Safety Council and Chamber of Commerce.

MRC Global Announces First Quarter 2015 Results

07 May 2015 - - Sales of $1.292 billion - Net income of $29 million - Diluted EPS of $0.28 per share - Adjusted EBITDA of $87 million

ArcelorMittal Launches S390 EK, a Green, Cost-Effective Solution for Silos and Tanks

06 May 2015 - ArcelorMittal has launched its new high-strength steel grade S390 EK, an innovative, competitive and environmentally friendly solution for the manufacture of silos and tanks. Unlike any other product currently on the market, S390 EK includes two-side enamelling to avoid fish-scaling, thus eliminating the need for specific surface treatments or doped ground enamel, while demonstrating high mechanical properties after enamel firing to withstand load pressure in the silo.

ABB Reports Solid 1Q Growth in a Mixed Market

06 May 2015 - First-quarter highlights: -15% order growth1, revenues return to growth at +3% -Operational EBITA margin2 steady -Net income up 4% -Increased cash from operations -Financials impacted by currency translation due to strong appreciation of US dollar -Continued progress on Power Systems ‘step change’ program -Next Level strategy: Collaboration drives large combined power and automation orders

Schnitzer Board Announces a New Independent Director

06 May 2015 - On 29 April 2015, Schnitzer Steel Industries, Inc. announced the election of Michael W. Sutherlin to its Board of Directors.

Grupo Simec Announces Results of Operations for the First Quarter of 2015, Ended March 31, 2015

06 May 2015 - Grupo Simec, S.A.B. de C.V. announced its results of operations for the three-month period ended March 31, 2015.

TimkenSteel Corporation Announces First-Quarter 2015 Results; Reports Earnings Per Share of $0.15

05 May 2015 - - Net sales of $388.7 million is flat to prior-year quarter. - Reported earnings per share of $0.15, a 76.1 percent decrease over adjusted(1) prior-year quarter. - Paid quarterly dividend of $0.14 per share. - Opened advanced technology center in Canton, Ohio.

ARCEO launches a 60 million EUR investment in Belgium with a breakthrough coating technology

05 May 2015 - ARCEO, a joint venture from ArcelorMittal and Sogepa (Société de Gestion et de Participations) is investing 60 million EUR in the construction of an innovative coating line at Kessales (Liège) in Belgium.

Hyster-Yale Materials Handling, Inc. Announces First Quarter 2015 Results

05 May 2015 - Highlights: Consolidated revenues decreased 7.9% due to currency and lower unit volume Transition to new Brazil plant major driver of volume decline Lift truck segment gross margin increased to 16.7% from 16.5% despite negative currency Q1 2015 Lift truck segment net income declined to $17.5 million from $22.1 million in Q1 2014 Nuvera generated Q1 2015 operating loss of $6.0 million and net loss of $3.6 million

Outokumpu: Jan Hofmann Appointed President, APAC and Member of ohe Outokumpu Leadership Team

05 May 2015 - Jan Hofmann has been appointed President of the APAC business area and member of the Outokumpu Leadership Team effective 29 April 2015.

Yakov Gordon Presents the Howe Memorial Lecture at AISTech 2015

04 May 2015 - The Howe Memorial Lecture was the opening session at AISTech 2015 in Cleveland, Ohio, USA.

Quaker Chemical Spotlights its Fire Resistant Hydraulic Fluids, Specialty Grease Solutions, and Industry Speakers

04 May 2015 - In high temperature environments, such as steel mills, fires can spontaneously happen with an increased frequency due to the widespread use of highly flammable mineral-oil based products.

Alpha Natural Resources Announces Results for First Quarter 2015

04 May 2015 - Alpha Natural Resources, Inc., a leading U.S. coal supplier, reported a first quarter 2015 net income of $68 million or $0.30 per diluted share, compared with a net loss of $56 million or $0.25 per diluted share in the first quarter of 2014.

Salzgitter-Group Announces Strong First Quarter of 2015

04 May 2015 - In the first quarter of the financial year 2015 the Salzgitter Group generated external sales of € 2.3 billion, reflecting a stable performance over the previous quarter, and posted a pre-tax profit of € 51.8 Mio. (first quarter of 2014: € –8.7 million).

Ace World Companies Raises Profile on Social Media

04 May 2015 - Ace World Companies will support its high profile marketing and advertising strategy with a revitalized social media presence having relaunched Twitter, Facebook and LinkedIn accounts in advance of publication of the crane and hoist manufacturer’s first blog later this month (April).

Linde Industrial Gas Technologies Help Steelmakers Improve Operational Efficiencies and Profitability

04 May 2015 - Experts in steel metallurgy and process gas engineering from Linde LLC and Linde Engineering North America Inc. (Blue Bell, PA) will showcase technologies for improving plant productivity, product quality and environmental performance at AISTech 2015 at the Cleveland Convention Center, May 4-6.

Universal Stainless Reports First Quarter 2015 Results in Line With Preliminary Forecast

01 May 2015 - • Net Sales are $56.0 Million - Highest in 10 Quarters • Premium Alloy Sales Reach Record 9% of Total Sales • Gross Margin and Operating Income Reduced by Effect of Commodity Price Drop on Surcharges • Net Income Totals $0.1 Million, or $0.02 per Diluted Share • Quarter-End Backlog Is $58.5 Million

MRC Global Elects Barbara Duganier to the Board of Directors

01 May 2015 - MRC Global Inc. announced 29 April 2015 that Barbara J. Duganier has joined MRC Global's Board of Directors.

Konecranes PLC - Interim Report January–March 2015

01 May 2015 - Strong order intake, service result continued to improve,equipment result weak.

Outokumpu Reports EUR 2 Million Underlying EBIT for the First Quarter of 2015

01 May 2015 - Outokumpu reported underlying EBIT of EUR 2 million versus EUR -9 million in the fourth quarter of 2014. The improvement in profitability was driven by higher volumes and steady performance in Coil EMEA, whereas Coil Americas’ performance was disappointing.