Steel News

Universal Stainless Achieves Nadcap Heat Treat Accreditation for Bridgeville Facility

21 May 2013 - Universal Stainless & Alloy Products, Inc. has achieved Nadcap Heat Treat accreditation at its Bridgeville, Pa., facility.

New Comprehensive Spray Technology Catalog Available from Spraying Systems Co.

21 May 2013 - A new publication featuring hydraulic spray nozzles and a detailed technical reference section is now available from Spraying Systems Co. Industrial Hydraulic Spray Products Catalog 75 provides educational information on spray technology and technical data on thousands of full cone, flat spray, hollow cone and fine spray nozzles.

Abengoa Obtains Required Consent to Proceed with Befesa Sale

21 May 2013 - Abengoa announced that the required authorizations, undertaken with Befesa's bondholders in order to facilitate the sale of Befesa Medioambiente to funds advised by Triton Partners, were successful.

Gerdau Expands in Knoxville, Adds 40 New Jobs

21 May 2013 - On Monday, state officials joined representatives from Gerdau to announce they were adding a facility in the WestBridge BusinessPark where workers will take steel rebar manufactured at the current Lonsdale mill and apply finishing services for original equipment manufacturers. The new facility will create approximately 40 new jobs.

Baosteel to Cut Capacity by 30% in Shanghai

21 May 2013 - Baosteel Group Corp has started piling work for the No. 1 blast furnace of its Guangdong-based Zhanjiang plant, seen as a "key battlefield" as it bids to cut 30% of its capacity in Shanghai.

Russula to Upgrade Special Metals Co. Rolling Mill

21 May 2013 - Russula has been selected by Special Metals Company, a PCC company, to upgrade the automation system and drives for its Huntington, W.Va., wire mill.

JSW Ispat Reports Rs 159.33 Crore Net Profit in Q4

21 May 2013 - Helped by deferred tax benefits of Rs 159.33 crore, JSW Ispat Steel, an associate firm of JSW Steel, today reported a standalone net profit of Rs 94.16 crore for the fourth quarter ended March 2013.

Severstal Q1 Net Profit Falls Almost 90% on Lower Prices

21 May 2013 - Russian steelmaker Severstal's IFRS net profit fell 89.7 percent year-on-year in January-March 2013 to $44 million, the company said on Monday, citing weaker demand and lower realized prices as contributing factors.

Novolipetsk 1Q Net Profit Falls 78%, Sees Ongoing Challenges

20 May 2013 - Russian steelmaker Novolipetsk Iron & Steel Corp. (NLMK.RS) said Friday its first-quarter net profit fell 78% on the year earlier to $38 million, noting that challenges in the global steel market remain.

Kobe Steel, U. S. Steel Announce Commercial Production Begins at PRO-TEC CAL Joint Venture

20 May 2013 - Kobe Steel and U. S. Steel announced that the continuous annealing line at their joint venture, PRO-TEC Coating, has commenced commercial production of advanced high-strength steel sheet for automobiles.

Synalloy's Metals Subsidiary Awarded $6.0 Million in International Fabrication Additions to Mexican Project

20 May 2013 - Synalloy Corporation announced that its Synalloy Metals' fabrication subsidiary has been awarded an additional contract on an international project.

MORE to Supply Severstal Columbus with Pneumatic Lime/Dolo-Lime Injection System

20 May 2013 - Severstal Columbus, located in Columbus, Miss., has placed an order with MORE srl (Gemona Del Friuli -Italy) to supply a new pneumatic lime/dolo-lime injection system for its two 165-ton electric arc furnaces.

Severstal Izhora Mill Delivers Pipes for Pipeline Project in Asia

20 May 2013 - ZAO Izhora Pipe Mill, the specialist manufacturer of large diameter pipes made from strip produced by Cherepovets Steel Mill, both enterprises within the Russian Steel Division of OAO Severstal, one of the world’s leading steel and steel related mining companies, has shipped pipes for the construction of the Central Asia — China international gas pipeline.

Severstal North America Announces Executive Leadership Changes

20 May 2013 - Severstal North America announced that effective 1 June Ronald Kostyo is appointed vice president and general manager, Severstal Dearborn; effective 10 June Madhu Ranade is appointed vice president and general manager, Severstal Columbus; and effective immediately Michael Tuomey will serve as interim chief financial officer.

Reliance's Hannah Appointed Chairman of MSCI

20 May 2013 - The Metals Service Center Institute (MSCI) announced that David H. Hannah, chairman and chief executive officer of Reliance Steel & Aluminum Co., has been elected chairman of the board for the MSCI effective 1 July.

AK Steel's Coshocton Works Recognized for Outstanding Safety Performance

20 May 2013 - AK Steel's (NYSE: AKS) Coshocton (Ohio) Works has been recognized for outstanding safety performance by the Ohio Bureau of Workers' Compensation, Division of Safety and Hygiene.

AK Steel Joint Venture Completes $375 Million Financing For New Iron Ore Pellet Plant

20 May 2013 - AK Steel said today that Magnetation LLC ("Magnetation"), its joint venture with Magnetation, Inc., has successfully completed a $325 million senior secured note offering and has entered into a $50 million senior secured credit facility.

AIST Mourns the Passing of Dr. Kent D. Peaslee

18 May 2013 - Dr. Kent D. Peaslee, the F. Kenneth Iverson Chair of Steelmaking Technology and Curators’ Teaching Professor of Metallurgical Engineering at Missouri University of Science and Technology, passed away unexpectedly on 17 May 2013 at age 56.

Salzgitter AG update on Q1 2013 performance

17 May 2013 - In the first three months of 2013, the performance of the Salzgitter Group was overshadowed by persistently unfavorable general economic conditions in Europe.

Austria's Voestalpine on track to hit earnings forecast

17 May 2013 - Austrian steelmaker Voestalpine is on track to hit earnings before interest and tax (EBIT) of about 800 million euros ($1.03 billion) for 2012/13, up from 704 million last year, Chief Executive Wolfgang Eder said.