Steel News

Shanxi Taigang Stainless Steel Commissions Revamped Duplex RH-TOP Plant from SMS Mevac

18 September 2014 - After the successful commissioning of the new 80-ton Duplex RH-TOP plant No. 2 (Ruhrstahl Heraeus process) last April, Taigang Group International Trade Co. Ltd., and the plant operator Shanxi Taigang Stainless Steel Co. Ltd. (TISCO), both located in Taiyuan, China, have successfully revamped and commissioned the existing 80-ton Duplex RH-TOP plant No. 1.

Nucor Announces Guidance for Q3 Earnings

18 September 2014 - Nucor Corporation announced guidance for its third quarter ending 4 October 2014.

Ontario Court Approves Essar Steel Algoma’s Recapitalization and Refinancing Plan

18 September 2014 - The Ontario Superior Court of Justice has approved Essar Steel Algoma Inc.’s Plan of Arrangement, granting a final order deeming the plan to be fair and reasonable pursuant to the Canada Business Corporations Act.

U. S. Steel Canada Announces Initial Order Under CCAA

18 September 2014 - U. S. Steel Canada Inc. announced on 16 September 2014 that it is initiating a Court-supervised restructuring in order to create a restructured business that can compete in the North American steel market for the long term.

Outokumpu to Help Supply 800-Metric-Ton Stainless Steel Façade for Baosteel’s Head Offices

18 September 2014 - SKS, a joint venture between Outokumpu and Baosteel Group in China, is delivering over 800 metric tons of high-quality cold-rolled stainless steel plate for the cladding of Baosteel’s landmark head offices in Shanghai and Guangzhou in China.

U. S. Steel Announces Strategic Actions to Strengthen Company; Updates Q3 Outlook

17 September 2014 - United States Steel Corporation announced three key strategic actions that support its transformation:

ArcelorMittal and NSSMC Announce Further Investments in AM/NS Calvert

17 September 2014 - ArcelorMittal, in partnership with joint venture partner Nippon Steel & Sumitomo Metals Corporation (NSSMC), announced two important investment projects that will further enhance the capabilities of AM/NS Calvert, the advanced steel finishing facility in Calvert, Ala.

Steel Dynamics Completes Acquisition of Severstal Columbus

17 September 2014 - Steel Dynamics Inc. announced the completion of the acquisition of Severstal Columbus LLC, one of the newest and most technologically advanced mini-mills in North America.

AK Steel Completes Acquisition of Severstal Dearborn

17 September 2014 - AK Steel has completed its acquisition of Severstal North America's integrated steelmaking assets located in Dearborn, Mich.

Severstal Completes Sale of Severstal North America

17 September 2014 - Severstal announced that it has completed the sale of its Severstal Columbus LLC and Severstal Dearborn LLC subsidiaries, collectively known as Severstal North America, to Steel Dynamics Inc. and AK Steel Corp., respectively.

SMA Comments on ITC Hearing on Rebar Trade Case

17 September 2014 - The Steel Manufacturers Association (SMA) commented on the U.S. International Trade Commission (ITC) hearing on 15 September 2014, the final phase of antidumping and countervailing duty investigations on steel concrete reinforcing bar from Turkey and Mexico.

Paul Wurth Announces Resignation of CEO, Names Succesor

17 September 2014 - Marc Solvi, CEO of Paul Wurth S.A. since 1 January 1998, will resign from his function as of 31 December 2014 but remain a member of the company’s Board of directors.

Friedrich Kocks to Supply 3-Roll RSB to Chinese Stainless Producer

17 September 2014 - The privately owned Chinese company Taizhou Daming Stainless Steel Co. Ltd. is set to upgrade its existing bar mill with the implementation of a KOCKS 3-roll Reducing & Sizing Block RSB®.

SMU Steel Summit 2014 Explores State of Steel Markets

16 September 2014 - Imports and exports. Non-residential construction and housing starts. GDP and geopolitics. Global steel and raw materials pricing, risk and forecasts. All of this and much more was discussed in depth during Steel Market Update’s fourth annual Steel Summit in Atlanta, Ga., USA, on 3–4 September 2014. This was the first two-day conference for the Steel Summit, and nearly 200 people attended.

SMA Comments on Announced Nucor Acquisition of Gallatin Steel

16 September 2014 - The Steel Manufacturers Association (SMA) commented on the recent announcement that Nucor Corp. will acquire Gallatin Steel Co.

Outokumpu's Kemi Mine Celebrates 50-Year Anniversary

16 September 2014 - This September it will be exactly 50 years since Outokumpu made the decision to begin mining operations in its chrome mine in Kemi, Finland.

Michelle Galanter Applebaum Joins Northwest Pipe’s Board of Directors

16 September 2014 - Northwest Pipe Co., an industry leader of engineered welded steel pipe products, announced that Michelle Galanter Applebaum, a well-known retired equity analyst and former Salomon Brothers/Citigroup managing director, has been elected to Northwest Pipe’s board of directors.

U. S. Steel Receives Final Approval for Minntac Expansion

15 September 2014 - United States Steel Corporation announced that the U.S. Army Corps of Engineers granted the final necessary federal permits for expansion of the company's Minntac facility, located in Mountain Iron, Minn.

ArcelorMittal and Gerdau Agree to Sell Gallatin Steel Facility for US$770 Million

15 September 2014 - ArcelorMittal and Gerdau jointly announced today that they have entered into a definitive transaction agreement to sell their respective 50% interests in Gallatin Steel Co. to Nucor Corp. for a total cash consideration of US$770 million, subject to customary closing adjustments.

Nucor to Acquire Gallatin Steel

15 September 2014 - Nucor Corp. has entered into an agreement to purchase all the equity of Gallatin Steel Co. for a cash purchase price of approximately US$770 million.