Steel News

Russel Metals Upgrading Cut-to-Length Lines in Ontario

08 February 2013 - Russel Metals Inc. is investing $7 million to upgrade its two cut-to-length lines at its B&T Steel division in Stoney Creek, Ont., Canada.

Tata Steel Upgrades Research Facility to Develop Ultra-High Strength Auto Steels

07 February 2013 - Tata Steel Europe has started up an advanced facility in the Netherlands to develop crash-resistant steels designed to make cars safer and more fuel-efficient.

Severstal Ranked as Third Most Competitive Steelmaker

07 February 2013 - OAO Severstal, a Russia-based steel and steel-related mining company, has been ranked as the third most competitive global steelmaker in 2012 in a report by World Steel Dynamics.

Voestalpine Reports High Degree of Stability Despite Challenging Times

07 February 2013 - The voestalpine Group reported its fiscal third quarter results, noting that it expects similar results in the current quarter as seasonal factors and a challenging economic environment continue.

U.S. Finished Steel Imports Jump in January

06 February 2013 - The American Iron and Steel Institute reported that steel import permit applications for the month of January 2013 totaled 2,629,000 tons — a 12% rise from December 2012.

Reliance Steel to Buy Metals USA in Deal Worth $1.2 Billion

06 February 2013 - Reliance Steel & Aluminum Co. and Metals USA Holdings Corp. announced a definitive merger agreement whereby Reliance Steel & Aluminum Co. will acquire all outstanding shares of Metals USA Holdings Corp. for US$20.65 per share in cash, representing an enterprise value of approximately US$1.2 billion.

ALJ Completes Sale of Kentucky Electric Steel to Optima Specialty

06 February 2013 - ALJ Regional Holdings, Inc. has completed the sale of its majority-owned subsidiary, KES Acquisition Co., which includes Kentucky Electric Steel, to Optima Specialty Steel, Inc. for US$112.5 million.

ArcelorMittal Reports 2012 Results; Provides Outlook for 2013

06 February 2013 - As it announced its fourth quarter and full year results, ArcelorMittal said 2012 was a very difficult year for the steel industry, particularly in Europe, and that it expects to ship just 2–3% more steel this year.

ArcelorMittal Flat Carbon Europe Reports Large Operating Losses

06 February 2013 - ArcelorMittal's Flat Carbon Europe segment posted large operating losses in the fourth quarter and full year of 2012 as European steel demand remains weak.

SMS Concast to Supply EAF to El Marakby Steel

06 February 2013 - SMS Concast is supplying a 350,000 tonne per year electric arc furnace to long steel producer El Marakby Steel in Giza, Egypt.

Danieli Corus Successfully Hot Commissions First Sublance System for JSW Steel

05 February 2013 - On 4 February 2013, Danieli Corus and JSW Steel successfully started the operation of the first sublance in India, proving the feasibility of sublance-based BOF process control in the Indian steel industry, where exceptional slag compositions found in BOF shops were previously thought to be prohibitive.

EUROFER Says EU in Calmer Waters But 2013 Prospects Remain Bleak

05 February 2013 - Despite several economic indicators edging up since November 2012, EUROFER’s 1Q13 Economic & Steel Market Outlook signals that for the time being the EU steel market looks set to remain stuck in reverse gear.

Ternium Named in CSN Lawsuit in Brazil

05 February 2013 - Ternium S.A. announced that it was made aware by Tenaris S.A. of the filing of a lawsuit in Brazil by Companhia Siderúrgica Nacional (CSN) and various entities affiliated with CSN against Ternium Investments S.àr.l., its subsidiary Siderar, and Confab Industrial S.A., a Brazilian subsidiary of Tenaris.

Fitch: Weak Steel Market Means Iron Ore Rally Likely to End Soon

05 February 2013 - The sharp rebound in iron ore prices over the last couple of months will hurt margins at non-integrated steel producers in the first quarter of 2013, but is unlikely to be sustainable due to the weak demand for steel, Fitch Ratings says.

U. S. Steel Names Patrick J. Mullarkey Plant Manager — Fairfield Tubular Operations

05 February 2013 - United States Steel Corporation announced that Patrick J. Mullarkey has been named plant manager — Fairfield Tubular Operations, part of United States Steel Tubular Products Inc., located near Birmingham, Ala. effective 1 February 2013.

Report: Better Times on the Horizon for Steelmakers Who Survive 2013

05 February 2013 - The latest global steel report from Ernst & Young says excess steelmaking capacity globally will remain the biggest issue for the sector this year. It also questions the assumption that vertical integration in the sector adds value.

Siemens Applying New Rail Technology for First Time in Chinese Long Products Rolling Mill

05 February 2013 - Chinese steel producer Baotou Iron & Steel has awarded Siemens Metals Technologies an order for the supply of a new facility for the inline thermal treatment of heavy-duty rails, to be installed in one of the two company's long product rolling mills in Baotou, Inner Mongolia. This will include the world's first application of an advanced technology for rail hardening.

The AIST Foundation Announces Junior Faculty Award

04 February 2013 - The Association for Iron & Steel Technology (AIST) Foundation has created the AIST Foundation Junior Faculty Award to increase the number of younger engineering professors with a vested interest in the iron and steel industry.

Abinsk Electric Steel Works Orders Two Roughing Stands from SMS Meer

04 February 2013 - Abinsk Electric Steel Works from the Krasnodar Region of Russia has placed an order with SMS Meer to upgrade its high-speed rebar rolling mill.

Severstal Signs Long Term Contracts with Russian and CIS Auto Companies

04 February 2013 - So far in 2013, OAO Severstal has signed one-year metal-roll contracts with GAZ Group, Sollers, KAMAZ, GM Uzbekistan and Volkswagen as well as half-year contracts with HYUNDAI-KIA, Renault-Nissan and Eurodisk, and quarterly contract with ZAZ.