Steel News

Carpenter Commissions SMS Meer Forging Machine in Athens, Ala.

23 July 2014 - Carpenter Technology has successfully commissioned a forging machine supplied by SMS Meer at its mill in Athens, Ala.

worldsteel Reports on Steel Safety Day and Industry-Wide Safety Audit

23 July 2014 - The World Steel Association (worldsteel) announced the outcome of the industry-wide Steel Safety Day held on 28 April 2014.

NSK Releases 2013 Sustainability Achievements

23 July 2014 - NSK Americas (NSK) has released its 2013 sustainability achievements, demonstrating the company's ongoing commitment to environmental protection.

EUROFER: EU Recovery Taking Hold; Rising Imports May Absorb Growth in Steel Demand

23 July 2014 - Economic data confirm that the recovery in the EU is taking hold, although growth momentum remains rather modest, EUROFER reports.

Metinvest’s Avdiivka Coke Facility Damaged By Artillery

23 July 2014 - Metinvest Group’s Avdiivka Coke in Ukraine was hit by artillery as a result of armed hostilities on 21 July 2014.

Mechel Reports Record Results for Coal Supplies to Asia Pacific

23 July 2014 - Mechel OAO, a Russian mining and metals company, achieved record results in supplying coal to Asia Pacific in the first half of this year.

SDI Reports Record Shipments, Improved Metal Spreads in Q2

22 July 2014 - Steel Dynamics Inc. said that despite elevated import levels, the strength of underlying demand coupled with its continued market diversification and customer focus allowed it to achieve record quarterly steel shipments in the second quarter of the year.

ATI Reports Results, Continued Ramp-Up of Hot Rolling and Processing Facility

22 July 2014 - As it reported its second quarter earnings results, Allegheny Technologies Inc. said it continued to see improvement in end market demand throughout the quarter.

U.S. Electrical Steel Producers Support Commerce Department Findings in Trade Case

22 July 2014 - The U.S. Department of Commerce issued its final antidumping determinations concerning imports of grain-oriented silicon steel (GOES) from Germany, Japan, and Poland.

Sandvik and Tenaris Sign New Five-Year Strategic Alliance Agreement

22 July 2014 - Sandvik and Tenaris have signed a new five-year strategic alliance agreement on the exclusive joint supply of corrosion-resistant alloy OCTG materials and technology to the oil and gas industry.

Global Steel Production Up 3% in June 2014

22 July 2014 - World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 137 million metric tons (mmt) in June 2014, an increase of 3.1% compared to June 2013.

Mechel Reorganizes after Liquidation of Ferroalloy Division

22 July 2014 - Mechel OAO, a leading Russian mining and metals company, reports liquidating the Group's ferroalloy division due to successful asset sales as part of the company's strategy.

Severstal Agrees to Sell U.S. Facilities for US$2.325 Billion

21 July 2014 - OAO Severstal has entered into separate definitive transaction agreements to sell its Severstal Columbus LLC and Severstal Dearborn LLC subsidiaries, collectively known as Severstal North America, to Steel Dynamics Inc. and AK Steel Corporation, respectively, for a total cash consideration of US$2.325 billion.

AK Steel To Acquire Severstal Dearborn

21 July 2014 - AK Steel has signed an agreement to acquire Severstal North America's integrated steelmaking assets located in Dearborn, Michigan for US$700 million in cash.

Steel Dynamics Inc. To Acquire Severstal Columbus

21 July 2014 - Steel Dynamics Inc. has entered into a definitive agreement to acquire 100% of Severstal Columbus LLC (Columbus) from OAO Severstal.

Terex to Relocate Demag Overhead Crane Manufacturing to Oklahoma City

21 July 2014 - Terex Corp. announced it will relocate production of its overhead cranes from its current Houston location to a newly upgraded Oklahoma City facility (OKC).

Insteel Reports Increasing Capacity Utilization in Quarterly Earnings Report

21 July 2014 - Insteel Industries Inc. announced financial results for its third quarter ended 28 June 2014.

KMS Installs PURON® HF Modules at Major Steel Mill in Inner Mongolia

21 July 2014 - Koch Membrane Systems Inc. (KMS), world-class developer and manufacturer of innovative membranes and membrane filtration systems, has installed its PURON® HF ultrafiltration (UF) modules at a major steel mill in Inner Mongolia, China.

Magnetation Completes US$100 Million Financing for Accelerated Iron Ore Expansion Projects

18 July 2014 - Magnetation LLC has successfully completed a US$100 million senior secured notes tack-on offering. The proceeds from the offering will be used to complete its iron ore expansion projects ahead of schedule and finance the increased production capacity of its new iron ore concentrate plant.

North Star BlueScope Decides Not to Build DRI Facility in Ohio

18 July 2014 - North Star BlueScope Steel (NSBSS), jointly owned by BlueScope (50%) and Cargill Inc. (50%), has concluded a detailed scoping and development study for a potential direct reduction iron (DRI) plant at its Delta, Ohio, steelworks.