Steel News

JSW Planning 2.3 Million Tonne Cold Rolling Complex for Automotive Steels

20 July 2012 - JSW Steel Limited plans to set up a 2.3 million tonne per annum cold rolling mill complex to manufacture high-grade automotive steel at Toranagallu in Bellary district.

TMK Announces First Half 2012 Operational Results

20 July 2012 - OAO TMK, one of the world’s leading oil and gas steel pipe suppliers, announced its operational results for the first half of 2012.

Republic Steel Gets Air Permit for Expansion

19 July 2012 - The Ohio Environmental Protection Agency issued on 18 July 2012 a final air permit to Republic Steel for its new EAF, a natural gas-fired boiler, material handling and storage area, and modification of existing roads at the 1807 E. 28th St. steel mill in Lorain, Ohio.

Nucor Reports Results For Second Quarter And First Half Of 2012

19 July 2012 - Nucor Corporation announced consolidated net earnings of $112.3 million for the second quarter of 2012. By comparison, the company reported net earnings of $145.1 million in the first quarter of 2012 and net earnings of $299.8 million in the second quarter of 2011.

EVRAZ Suspends Operations at its South African Mill

19 July 2012 - EVRAZ plc announced the temporary suspension of operations at EVRAZ Highveld Steel and Vanadium in South Africa following the start of an industrial action announced by EVRAZ Highveld’s largest union NUMSA.

ThyssenKrupp Steel Europe Solves Its Supply Chain Puzzle with Quintiq

18 July 2012 - ThyssenKrupp Steel Europe is aiming to solve its currently problematic supply chain planning puzzle and optimize its supply chain processes with Quintiq, a specialist in advanced planning & scheduling solutions.

General Steel Subsidiary Signs Materials Sourcing and Production Agreement

18 July 2012 - General Steel Holdings, Inc. announced that its 99%-owned subsidiary, Maoming Hengda Steel Co. recently signed an agreement under which it will purchase steel billet from one company and sell rebar manufactured from this steel billet to another at a fixed markup of RMB 200 per tonne (approximately USD $31.85).

Jindal Steel Terminates Contract with Bolivian Government for $2.1 Billion Investment

17 July 2012 - Jindal Steel Bolivia terminated the contract signed with the Bolivian government for the investment of US$2.1 billion in the El Mutun mines.

POSCO Breaks Ground on CSP Steel Complex in Brazil

17 July 2012 - The Brazil CSP Steel Plant Complex, the largest-ever overseas steel plant construction order won by POSCO E&C of Korea, has commenced.

EUROFER: Weak Confidence, Cash and Credit Issues Backfire on EU Steel Demand

16 July 2012 - EUROFER’s third quarter 2012 steel market outlook signals that market fundamentals may remain depressed longer than expected. Only from the second quarter of 2013 onwards is EU steel demand forecast to improve again, the European Steel Association (EUROFER) said this week.

Tata Steel Sells 50% Stake in Dutch Recycler

16 July 2012 - Tata Steel has agreed to sell its 50% stake in Dutch ferrous and non-ferrous metals recycler HKS Scrap Metals Co. to Euro Scrap Alliance (ESA), a subsidiary of TSR of Germany, for an undisclosed sum.

TMS International Announces New Contract Wins Totaling More than $91 Million

16 July 2012 - TMS International Corp., a leading provider of outsourced industrial services to steel mills globally, has secured new mill services contracts totaling more than $91 million in revenue over the lives of the contracts with customers in the U.S., Mexico, UAE, France and South Africa.

Metinvest to Modernize Rolling Mill at Ilyich Works

16 July 2012 - Heating furnace No. 5 at the Rolling Mill 1700 of the Ilyich Iron & Steel Works in Ukraine, an affiliate of Metinvest Holding, was shut down for the capital repair for 45 days within the framework of a complex program for reconstruction and modernization.

Tata Steel Confirms Commitment to Equipment Customers with IJmuiden Investment

16 July 2012 - Demonstrating its commitment to delivering differentiated products to its customers, Tata Steel has recently completed a significant investment in upgrading one of the coilers on the hot strip mill at its IJmuiden plant in the Netherlands.

Sumitomo Acquires Coal Mining Interest in Australia

16 July 2012 - Sumitomo Corp. has acquired a 50% stake in the Isaac Plains coal mine joint venture in Queensland, Australia, for A$430 million.

Fire at Welspun Plant Causes Major Damage

16 July 2012 - A fire at the Welspun pipe plant in Little Rock, Ark., in the early morning of Saturday, 14 July 2012 has caused more than $1.5 million in damages and shutdown the facility temporarily.

MMK Completes Construction of New Cold Rolling Complex

16 July 2012 - Russia's Magnitogorsk Iron & Steel Works (MMK) launched the second stage of its new cold rolling complex with an investment of over US$1 billion.

Linde to Construct Two Major Air Separation Units for Tata Steel India

16 July 2012 - Technology company The Linde Group will be constructing two major air separation units at the Kalinganagar industrial complex in Odisha, India, for Tata Steel Limited.

Boulting Group Completes Refurbishment of Tata Steel Processing Line

16 July 2012 - The Boulting Group, a multi-disciplined engineering solutions provider, has completed the refurbishment and installation of a turret head edge trimmer, scrap chopper and all associated equipment on the AP1 Line at Tata Steel's Orb Works in South Wales.

Newly Released Industry Guidelines for 100 ksi Concrete Rebar Expand Market for MMFX Steel

16 July 2012 - The International Commercial Code (ICC) Evaluation Services, developer of the International Building Code (IBC), recently issued AC 429 Acceptance Criteria for High-Strength Steel Reinforcing Bars, expanding the applications of high-strength concrete reinforcing steel bars (rebar) up to 100 ksi.