Steel News

Steel Technologies to Acquire Stripco

23 April 2014 - Steel Technologies LLC announced its agreement to purchase Stripco LLC, Stripco Sales Co. LLC, and Stripco Express Inc. (collectively, “Stripco”).

Abakan Subsidiary Receives EPA Funding to Develop CermaClad as Alternative to Galvanizing

23 April 2014 - Abakan Inc., an emerging leader in the advanced coatings and metal formulations markets, announced that its majority owned subsidiary, MesoCoat Inc., received a Phase One SBIR Grant from the U.S. Environmental Protection Agency (EPA) for a six month project to develop CermaClad™, Abakan's environmentally friendly high-speed large-area metal cladding technology, as a replacement alternative for the highly toxic galvanizing process currently in use.

U.S. Agency Announces Dumping Margins in Rebar Trade Case

23 April 2014 - On 21 April 2014, the U.S. Department of Commerce (Commerce) announced its affirmative preliminary determinations in the antidumping duty (AD) investigations of imports of steel concrete reinforcing bar from Mexico and Turkey.

Kobe Steel Provides License to FLSmidth for Iron Ore Pellet Process

23 April 2014 - Kobe Steel Ltd. of Japan and FLSmidth Private Limited of India have entered into an exclusive license agreement enabling the Indian partner to market, design and construct iron ore pellet plants using Kobe Steel’s pelletizing process called the KOBELCO Pelletizing System.

ATI Seeing Sustainable Improvement, Demand Growth from Most of Its End Markets

23 April 2014 - Allegheny Technologies Inc. reported first quarter 2014 sales of US$987.3 million and a loss from continuing operations attributable to ATI of US$18.1 million, or US$(0.17) per share.

STEC-Roll from SMS Siemag Optimizes Casting Process at SSAB Iowa

22 April 2014 - For its continuous slab caster in Montpelier, Iowa, SSAB ordered twelve STEC roll lines from SMS Siemag for use in the casting bow.

voestalpine Begins Producing Ultrahigh-Strength Automotive Components in the U.S.

22 April 2014 - The voestalpine Group’s 17th production site in the U.S. began operation today.

Kobe Steel’s New Hot-Metal Treatment Plant Starts Up at Kakogawa Works

22 April 2014 - Kobe Steel Ltd.’s new hot-metal treatment plant has gone into operation at its Kakogawa Works in western Japan.

Global Steel Production Rose Further in March 2014

22 April 2014 - World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 141 million metric tons (million metric tons) in March 2014, an increase of 2.7% compared to March 2013.

TMK Ships LD Pipe for NOVATEK’s Yurkharovskoye Field

22 April 2014 - TMK has supplied large diameter pipe (LD pipe) for the compressor station at Yurkharovskoye field in Russia.

AK Steel's Quarterly Results Impacted by Weather, Furnace Outage

22 April 2014 - AK Steel day reported its financial results for the first quarter of 2014.

Metinvest's Azovstal Supplying Challenging Order to Indian Customer

21 April 2014 - Metinvest Group’s Azovstal Iron & Steel Works is working on a challenging order — the company will produce 10,000 tons of X70 rolled pipe plates with improved mechanical properties for an Indian customer.

China Steel Commissions Twin-Ladle Furnace from SMS Mevac

21 April 2014 - China Steel Corp. (CSC), located in Kaohsiung, Taiwan, has successfully commissioned a 270-ton twin-ladle furnace No. 3 supplied by SMS Mevac.

Insteel Industries Comments on Quarterly Results, Provides Outlook

18 April 2014 - Insteel Industries, Inc. announced financial results for its second quarter ended 29 March 2014.

Hamilton Rolls Out New Caster Series

18 April 2014 - Hamilton’s 7700 Caster Series is a new line of dual-wheel solid pneumatic casters designed to cushion loads while providing a carrying capacity up to 8,400 lbs. per caster.

Plattco to Show AISTech Attendees Performance Advantage of Double Flap Valves

18 April 2014 - Plattco Corporation, a producer of advanced material handling valves for industrial applications, announced that its new mobile showroom will be at the AISTech show in Indianapolis, Ind., 5–8 May 2014.

SteelBenchmarker: HRB Prices Come Off the Bottom

18 April 2014 - The bi-monthly SteelBenchmarker™ United States HRB spot price for 14 April 2014 surged 5.2% to US$749 per metric ton for the second consecutive time.

Duplex RH Plant from SMS Mevac Now in Operation at Shanxi Taigang Stainless Steel

18 April 2014 - Taigang Group International Trade Co. Ltd. and the end user Shanxi Taigang Stainless Steel Co. Ltd., both located in Taiyuan, China, have successfully put into operation a new 80-metric-ton duplex RH-TOP plant (Ruhrstahl Heraeus process) supplied by SMS Mevac, and its consortium partner SMS Siemag Technology (Beijing) Co. Ltd.

General Steel Signs Direct Iron Ore Supply Agreement with Rio Tinto

18 April 2014 - General Steel Holdings Inc., a non-state-owned steel producer in China, announced that its principal manufacturing facility, Shaanxi Longmen Iron and Steel Co. Ltd., has signed a supply agreement with Rio Tinto Iron Ore Asia Pte. Ltd. for procurement of imported iron ore in 2014, commencing from 1 April 2014.

OEMK’s Health & Safety Management System Complies with International Standards

18 April 2014 - OEMK (part of Metalloinvest) has confirmed the compliance of its occupational health and safety management system with the requirements of OHSAS 18001:2007.