Steel News

OAO Severstal Announces Management Structure Optimization

02 August 2013 - Further to the management and organizational changes announced by OAO Severstal on 15 July, the company announces further changes to optimize its management structure in order to achieve its stated goals of improving efficiency and reducing costs.

Siemens AG Announces Changes in Leadership

02 August 2013 - Joe Kaeser, chief financial officer (CFO) of Siemens AG since 2006, has been designated the new president and CEO of Siemens AG, effective 1 August 2013. A new CFO will be appointed very shortly. The current CEO Peter Löscher resigned his position and is leaving the Managing Board of Siemens AG by mutual consent. These changes were unanimously approved by the Supervisory Board of Siemens AG.

Outokumpu Wins a New Contract with Casa de Moneda de Mexico

01 August 2013 - Outokumpu has won a contract with Casa de Moneda de Mexico (The Mexican Mint) supplying coin blanks to support the Latin American marketplace.

Severstal Upgrading Cherepovets Steel Mill's Cold Rolling Mill

01 August 2013 - The Cherepovets Steel Mill, a major integrated steelmaker and part of the Russian Steel division of OAO Severstal, one of the world’s leading steel and steel-related mining companies, announced that it is to upgrade its 4−stand cold reduction mill to improve product quality, reduce costs and increase output.

EVRAZ Gives Second Quarter 2013 Production Report

01 August 2013 - EVRAZ plc released its operational results for the second quarter of 2013, noting that its key steelmaking facilities in Russia and North America continued operating at high utilization rates during the quarter.

Report: Work Continues at Severstal Columbus Following Accident

01 August 2013 - Crews will have to repair one of the lines at Severstal in Columbus after a ladel of steel spilled Tuesday night, according to a local report from WTVA.

Gerdau's Steel Shipments Grew Quarter-on-Quarter But Down Year-on-Year

01 August 2013 - Brazil-based Gerdau reported that shipments of steel products reached 4.6 million tonnes in the 2Q13, a 3% reduction when compared to 2Q12, however an increase of 1.7% compared to 1Q13.

Reuters: U. S. Steel's Locked-Out Canada Workers Reject Contract Proposal

01 August 2013 - Workers locked out at United States Steel Corp's Lake Erie works in Canada have voted to reject the steelmaker's contract proposal, their union said on Wednesday, according to a Reuters report.

Mechel Disposes of Several Ferroalloy Assets

01 August 2013 - Mechel OAO announced the signing of an agreement for the sale of several ferroalloys assets to Turkey's Yildirim Group.

AK Steel Comments on China's Failure to Implement WTO Rulings in Electrical Steel Case

01 August 2013 - AK Steel said it will request that the U.S. Government seek WTO authorization to impose retaliatory tariffs against certain imports from China until China comes into compliance by revoking the antidumping and countervailing duty measures on grain oriented electrical steel from the U.S.

Superior Machine to Upgrade Gallatin Steel's C Furnace

31 July 2013 - Superior Machine Co. of S.C., Inc. has been awarded a contract to supply and install the equipment to upgrade the C furnace at Gallatin Steel Co. in Ghent, Ky.

Severstal's Cherepovets Mill Delivers Record Production of Galvanized Color-Coated Steel

31 July 2013 - The Cherepovets Steel Mill, one of the world’s largest integrated steel mills and part of the Russian Steel division of OAO Severstal, announced that it delivered record production of more than 38,000 tonnes of galvanized color-coated steel in June.

Sale of ThyssenKrupp Tailored Blanks to WISCO Completed

31 July 2013 - The sale of ThyssenKrupp Tailored Blanks to Wuhan Iron and Steel Corporation (WISCO) of China has been completed.

Universal Stainless Earnings Impacted by Lower Than Expected Demand and Volumes

31 July 2013 - As it reported its second quarterly earnings results, Universal Stainless & Alloy Products, Inc. said the longer-term outlook for its end markets remains strong and it is generally expected that demand will begin to gain traction in the fourth quarter.

Stainless Group Concerned About High Levels of Stainless Bar Imports

31 July 2013 - The Specialty Steel Industry of North America (SSINA) is expressing growing concern over the substantial increase in imports of stainless steel bar. 

New Hamilton Caster Carries Up To 5 Tons

31 July 2013 - Hamilton Caster, the premier manufacturer of heavy duty industrial casters, is pleased to announce a new 5 ton caster series.  The new Enhanced Precision Super Duty (EPSD) Series is well suited to handle the rigorous applications found in the heavy manufacturing industry.  

Reliance Steel & Aluminum Reports Quarterly Results and Outlook

31 July 2013 - Reliance Steel & Aluminum expects global economic uncertainty will continue to present challenges to industrial growth in the third quarter of 2013 and expects only slight improvements in demand with pricing remaining relatively unchanged from second quarter levels.