Steel News

AIST Announces the Matching Funds Challenge II

15 November 2012 - The AIST board of directors has approved a Matching Funds Challenge II: AIST will match, dollar for dollar, donations made to the AIST Foundation through 30 June 2013, up to an aggregate total of US$500,000.

U.S. Agency Determines Imports Are Not Hurting U.S. Pipe and Tube Industry

15 November 2012 - The U.S. International Trade Commission determined that imports of circular welded carbon-quality steel pipe from a host of countries have not injured or do not threaten to injure the U.S. industry; as a result, no antidumping or countervailing duty orders will be issued on the imports.

Heavy Plate Fabricator AT&F Announces Equipment Upgrades

15 November 2012 - AT&F, a custom steel fabricator in Cleveland, Ohio, announced equipment upgrades to one of its large rolling systems, including a new leveling system, PLC upgrade, new gearbox and electrical panel upgrade.

SMS Meer Receives Order for PQF® Seamless Tube Plant from TPCO America

14 November 2012 - TPCO America Corp. has placed an order with SMS Meer for the supply of a new 10¾” tube plant with PQF® rolling technology for the production of OCTG at its plant currently being built in Texas.

Essar Steel Algoma Reports Quarterly Results

14 November 2012 - Essar Steel Algoma Inc. says soft markets led to a weaker financial performance in the quarter ended 30 September 2012 but cost reduction efforts and other initiatives should bode well for improved performance in the next quarter.

Danieli Corus Receives Order for Hearth Assessment of Blast Furnace in Ukraine

14 November 2012 - Danieli Corus has received an order from OJSC Zaporizhstal in Ukraine for the execution of a hearth assessment for its Zaporozhye Blast Furnace No. 2.

MMK May Invest Additional $100 Million in Turkish Subsidiary

13 November 2012 - OJSC Magnitogorsk Iron and Steel Works (MMK) is exploring the possibility of investing an additional US$100 million over the medium term into MMK-Metalurji, its Turkish subsidiary, to reduce production costs and increase production efficiency.

Greer Steel Makes Upgrades to Ohio Mill

13 November 2012 - Greer Steel recently made a number of upgrades and improvements to its 18" 4-high reversing mill to improve surface clealiness and Cpk performance of its strip steel products.

European Steel Association Warns Against Commission Proposal

13 November 2012 - EUROFER is warning against a Commission proposal to withhold 900 million CO2 certificates from the EU emissions trading market from 2013 to 2015, saying higher energy and carbon costs will not get Europe out of its crisis.

Don B. Daily Memorial Fund Selects Recipients

13 November 2012 - The Association for Iron & Steel Technology (AIST) Foundation and the Steel Manufacturers Association (SMA) are proud to announce the second-year recipients of the newly established Don B. Daily Memorial Fund to Promote Steel Industry Safety and Health.

U.S. Steel Exports Sag in September on Weakening International Markets

13 November 2012 - U.S. steel exports declined in September compared to August by 9.7% according to government data analyzed by the American Institute for International Steel (AIIS).

AK Steel Expects to Post Another Loss in Fourth Quarter

13 November 2012 - AK Steel provided an update to its outlook for the fourth quarter, expecting shipments just slightly higher than the third quarter but still projecting it will post a net loss for the quarter.

Sutor Regains Compliance with NASDAQ Listing Requirement

13 November 2012 - Sutor Technology Group, a China-based manufacturer and distributor of high-end fine finished steel products and welded steel pipes used by a variety of downstream applications, announced that it has regained compliance with the NASDAQ Stock Market Listing Rules that require maintenance of a minimum $1.00 per share bid price.

U. S. Steel Gets Approaches for Slovak Unit

12 November 2012 - Investors have expressed interest in U.S. Steel Corp’s Slovak unit because of its location, low labour costs and product portfolio, the unit said on Monday, according to a Reuters report.

SMS Siemag to Supply Hydraulic Oscillation System to Gallatin Steel

12 November 2012 - Gallatin Steel, based in Ghent, Ky., has awarded SMS Siemag LLC of Pittsburgh, Pa., a contract to design and supply a hydraulic oscillation system to replace the originally supplied electro-mechanical system.

AK Steel Announces Stainless Steel Price Increase

12 November 2012 - AK Steel said that it will increase base prices for all 200, 300 and 400 series flat rolled stainless steel products, effective with shipments on 30 December 2012.

Cliffs and USW Announce New 37-Month Labor Agreement

12 November 2012 - Cliffs Natural Resources Inc. announced that the United Steelworkers (USW) ratified the tentative settlement agreement signed by both parties this past October.

Carpenter Powder Products and SB Specialty Metals Expand Supply and Marketing Agreement

12 November 2012 - Under an expanded agreement, SB Specialty Metals will purchase 100% of its requirements for PM tool and high speed steels from Carpenter Powder Products.

MidWest Materials Completes Multi-Million Dollar Upgrade; Celebrates 60th Anniversary

09 November 2012 - MidWest Materials announced the completion of a multi-million dollar technology, equipment and facility investment project that will enable the company to remain competitive worldwide and to retain and create more jobs in Northeast Ohio.

U. S. Steel Tubular Products Selects Recipient of 2012 Chief Roughneck Award

09 November 2012 - U. S. Steel Tubular Products, Inc., a subsidiary of United States Steel Corporation, announced that Charles D. Davidson, chairman and CEO of Noble Energy, is the recipient of its Chief Roughneck Award for 2012. The announcement was made today at the 83rd annual meeting of the Independent Petroleum Association of America.