Steel News

Kobe Steel's High Corrosion-Resistant Steel KPAC-1 Adopted for Use in Ship Construction

18 December 2013 - Kobe Steel, Ltd. has developed a steel plate called KPAC-1 that meets the new standards of corrosion protection for tanks used in crude oil tankers.

Steel Dynamics Provides Fourth Quarter 2013 Earnings Guidance

18 December 2013 - Steel Dynamics Inc. provided fourth quarter earnings guidance, also commenting on current and expected future market conditions.

Altra Industrial Motion Completes Acquisition of Svendborg Brakes

18 December 2013 - Altra Industrial Motion Corp. has closed on the acquisition of Svendborg Brakes A/S and S.B. Patent Holding ApS (together “Svendborg"), a leading global manufacturer of premium quality caliper brakes.

SMS Reports Low Order Intake, Expects Significant Decrease in Profits

18 December 2013 - As in 2012, the order intake by the SMS group will be below target for 2013. A net result well short of the previous year is anticipated.

Majestic Steel USA Acquires Flatrolled Steel, Inc. Assets

18 December 2013 - Majestic Steel USA, a leading steel service center, has completed the acquisition of the business and assets of Flatrolled Steel, Inc.

Discovery Channel Films 'How Do They Do It?' at ArcelorMittal

17 December 2013 - The Discovery Channel has filmed an episode of its popular “How do they do it?” series at ArcelorMittal and Volkswagen, focusing on how a car is made from start to finish — including the manufacturing process for its advanced high strength Usibor® steel, through to a finished Golf VII.

Allegheny Technologies Names CFO

17 December 2013 - Allegheny Technologies Incorporated announced that Patrick J. DeCourcy has been named senior vice president, finance and chief financial officer. Mr. DeCourcy had been serving as interim chief financial officer since 15 July 2013.

Nucor Announces Guidance for Fourth Quarter Earnings

17 December 2013 - Nucor Corporation announced guidance for its fourth quarter ending 31 December 2013, expecting lower results than the previous quarter and same quarter last year.

MSCI: Growth Reverses Again in November

17 December 2013 - Decreases in steel shipments from service centers in the U.S. and for both steel and aluminum in Canada were moderate, the Metals Service Center Institute (MSCI) reported.

First Delivery of Innovative EVRAZ Rails Shipped to Russian Railways

17 December 2013 - EVRAZ announced that it has now launched the mass production of head-hardened R65 DT-350 rails, with the first large delivery — 10,000 tons of 25-meter rails — shipped to Russian Railways.

Severstal North America Appoints Director of Government Relations

17 December 2013 - Effective immediately, Severstal North America has named Mr. William S. Noakes, Jr., its director, government relations, based in Dearborn, Mich.

Kloeckner Metals Announces Resignation of Michael Hoffman

17 December 2013 - Kloeckner Metals, one of the leading metal distributors in North America, announced that Mr. Michael Hoffman, vice chairman, Klockner USA Holding, Inc., will resign from his current position effective 31 December 2013.

Court Confirms Patriot Coal's Plan of Reorganization

17 December 2013 - Patriot Coal Corporation announced that the U.S. Bankruptcy Court for the Eastern District of Missouri has confirmed the company's Plan of Reorganization.

Bloomberg: U. S. Steel Plant Explosion Near Detroit Kills Worker, Injures 2

16 December 2013 - An explosion early on the morning of 15 December 2013 at a United States Steel Corporation plant near Detroit killed one worker and injured two others, according to a Bloomberg report.

Second Continuous Slab Caster from Siemens Starts Up at JSW Steel

16 December 2013 - In August 2013, a new continuous slab caster from Siemens Metals Technologies began operating at the Toranagallu steelworks of Indian steel producer Jindal South West Steel Ltd. (JSW Steel).

New Millennium Iron Announces New Member of Board of Directors

16 December 2013 - New Millennium Iron Corp. (NML) announced that Mr. Partha Sengupta, vice president of raw materials, including Global Minerals, at Tata Steel Limited, has recently resigned as a director of the corporation, due to the recent changes in organizational structure of the Tata Steel Group.

Magnetek Offers cULus Certified Dynamic Braking Resistors

16 December 2013 - Magnetek, Inc., a leading supplier of digital power and motion control systems for the material handling industry, announced the availability of a new line of cULus certified Dynamic Braking Resistors. These Dynamic Braking Resistors have been designed to meet UL508A and CSA C22.2 No. 14 safety standards.

NLMK Appoints New Vice President for Sales

16 December 2013 - NLMK Group announced the appointment of Ilya Guschin as vice president for sales. Sergei Khorn, former acting vice president for sales, has been appointed his deputy.

MMFX Steel Introduces ChromX™ 4100 High-Strength Steel

13 December 2013 - MMFX® Steel Corporation of America is proud to introduce its latest line of high-strength reinforcing steel featuring a 100 ksi yield strength, ChromX™ 4100 — ideal for large construction projects in need of high-yield strength at a reasonable material cost.

Integrated Mill Systems Plays Key Part in Revamp of ArcelorMittal Cleveland

13 December 2013 - Among the leaders in the metals industry is ArcelorMittal’s Cleveland Works, recently described in the press as the “most productive steel plant on the planet,” is due in no small part to Integrated Mill Systems (IMS) which has lead the way for the past 10 years in helping make this a reality.