Steel News

AK Steel Applauds WTO Decision That Chinese Duties Were Unjustified

18 June 2012 - AK Steel applauded the decision of a dispute settlement panel at the World Trade Organization that China had no legal basis to impose antidumping and countervailing duties on imports of grain oriented electrical steel from the U.S. beginning in December 2009.

U.S. and Canadian Service Center Shipment Growth Picks Up in May

18 June 2012 - Growth in May shipments of aluminum and steel accelerated in both the U.S. and Canada, an improvement from the smaller growth levels shown in April. Inventory positions improved slightly in both countries, according to the latest report from the Metals Service Center Institute.

Kloeckner Metals Announces New Light Gauge Flat Rolled Processing Facility

18 June 2012 - Kloeckner Metals announced it will build a light-gauge flat rolled processing center on the campus of ThyssenKrupp USA’s state-of-the-art carbon flat rolled mill in Calvert, Ala.

Chengdu Plate Co. Develops Production of Thicker HDG Plate

18 June 2012 - Chinese steelmaker Chengdu Plate Co. announced it has developed production of 2.3 x 1250 mm hot-dip galvanized (HDG) plate.

TMS International Secures Two New Mill Services Contracts in North America

18 June 2012 - TMS International Corp. has secured two new mill services contracts at greenfield sites in the U.S. and Mexico.

Bekaert and Xinsteel Break Ground for New Plant in China

18 June 2012 - On May 28, Bekaert and Xinsteel broke ground for a new wire production plant in Xinyu, Jiangxi Province, China.

Kingland Pipe Orders Spiral Pipe Welding Line

18 June 2012 - China's Zhejiang Kingland Pipe Industry awarded PWS, an SMS Meer company, a contract for the supply of off-line spiral pipe welding equipment.

AK Steel Provides Second Quarter 2012 Guidance and Update on Magnetation LLC Joint Venture

18 June 2012 - AK Steel expects to generate positive net income in the second quarter of 2012, which would represent an improvement compared to its first quarter net loss. In addition, the company provided an update on its Magnetation LLC joint venture.

GE to Supply Japan’s JFE Steel Co. with Multi-Fuel, On-Site Power Solution at Chiba Steel Mill

18 June 2012 - GE is supplying Japan steel producer JFE Steel Co. Ltd. with a heavy duty Frame 9E gas turbine system for an innovative steel gas-to-energy recovery project at the company’s East Japan Iron Works in Chiba City, located in the Keiyo (Tokyo-Chiba) Industrial Park east of Tokyo.

Thailand Drafts Law to Shut Mills Producing Substandard Steel

18 June 2012 - The Council of Ministers of Thailand approved a draft bill this past week that will allow the country's Ministry of Industry to shut mills that produce substandard steel. The new law will stipulate the type of raw materials to be used and ensure that the quality of products made in mills are in accordance with law.

Arvedi ESP Process Permits Direct Production of Pipeline Steels

18 June 2012 - Ultra-thin hot strips rolled at the ESP line installed by Siemens at Acciaieria Arvedia SpA in Cremona, Italy, now meet the requirements for API grades up to X70.

Hyundai Steel to Start Construction of No. 2 Steel Plate Plant in July

15 June 2012 - South Korean Hyundai Steel plans to start the construction of its No. 2 steel plate plants in July 2012.

Building New Bridge With Domestic Steel a Victory for U.S. and Canadian Workers, Says USW

15 June 2012 - The United Steelworkers (USW) today lauded the announcement by the United States and Canada of a deal to build a new bridge between Windsor and Detroit, the busiest border crossing between the two countries. The deal guarantees steel made solely in the United States and Canada will be used in the construction.

ArcelorMittal Commissions New Ladle Shop in Polish Facility

15 June 2012 - ArcelorMittal Poland has commissioned two new investments at its unit in Dąbrowa Górnicza – a Pulverized Coal Injection (PCI) into blast furnace No. 2 and a modernized sinter belt.

American Iron and Steel Institute Releases 2011 Annual Statistical Report

15 June 2012 - The American Iron and Steel Institute announced the release of its 2011 Annual Statistical Report, which provides statistical data for the United States steel industry plus a variety of selected statistical data on the Canadian, Mexican and world steel industries.

The Timken Company Board Elects Diane C. Creel as Director

15 June 2012 - The Timken Company's board of directors has elected Diane C. Creel, age 63, as a director of the company, for a term that expires at the company's annual meeting in 2013.

Commercial Metals Company Announces Sale Of Certain Croatian Pipe Mill Assets

14 June 2012 - Commercial Metals Company (CMC) announced the completion of the sale to an undisclosed and unaffiliated third-party of the assets related to the welded pipe mill and seamless pipe mill of CMC's former Croatian pipe mill, CMC Sisak d.o.o., for US$6.65 million. These assets were part of the assets excluded from the sale on June 1, 2012, of CMC Sisak to Industrielle Beteiligung SA.

World Stainless Production Shrank Slightly in First Quarter

14 June 2012 - The International Stainless Steel Forum (ISSF) released preliminary data showing that stainless steel production shrank by 2.8% in the first three months of 2012. Total production was 8.6 million tonnes for the quarter, down from 8.8 million tonnes in the corresponding period of 2011. All areas showed a decrease in production in the year-on-year comparison.

Jindal May Cancel Bolivian Steel Project

14 June 2012 - India's Jindal Steel & Power (JSPL) said it was making plans to scrap a US$2.1 billion steel project in Bolivia, saying the Bolivian government had not met contract terms that include supply of natural gas for the project.

USITC Upholds Import Duties on Certain Pipe and Tube After Five-Year Sunset Review

14 June 2012 - The U.S. International Trade Commission (USITC) determined that revoking the existing countervailing duty order on certain circular welded pipe and tube from Turkey and the antidumping duty orders on these products from Brazil, India, Korea, Mexico, Taiwan, Thailand, and Turkey would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time.