Steel News

Gerdau to Replace Continuous Caster at St. Paul Facility

08 May 2012 - Gerdau plans to invest $50 million to replace the continuous caster at its St. Paul, Minn., mill. The investment will increase Special Bar Quality (SBQ) capacity by 100,000 tonnes and increase the mill’s total capacity to 550,000 tonnes.

Gerdau Announces Additional $21.6 Million Capital Investment in Michigan

08 May 2012 - Gerdau will spend an additional $21.6 million to increase its straightening and quality inspection capabilities at its North American special steel facility in Monroe, Mich.

Tenova Core Converts Vacuum Tank Degassing System for Joy Global

07 May 2012 - Tenova Core recently completed a major revamp of a vacuum tank degassing system at Joy Global’s steelmaking facility in Longview, Texas. The company was contracted for design and supply of a state-of-the-art mechanical pumping system for the vacuum degasser.

Gerdau Reports 1st Quarter Revenues, Investments

07 May 2012 - Gerdau closed the first quarter of 2012 with net revenue of R$ 9.2 billion, an increase of 10% compared to the same period last year. Consolidated sales of 4.7 million tonnes remained stable in relation to the first three months of last year.

BlueScope Sells Metl-Span Insulated Metal Panels Business

07 May 2012 - BlueScope announced the sale of Metl-Span, its North American steel insulated panels business, to NCI Group, Inc., a company majority owned by private equity firm Clayton, Dubilier & Rice, LLC, for US$145 million.

ISSF Releases Video Highlighting 100 Years of Stainless Steel

07 May 2012 - The International Stainless Steel Forum has released a new video to mark the 100 years that have passed since stainless steel was first discovered and commercialized.

Nucor Facilities Receive Environmental Awards

07 May 2012 - Vulcraft-Texas and Century Industrial Coatings have been honored with the 2012 Texas Environmental Excellence Award for reducing VOC emissions. Nucor Steel-Berkeley has been awarded the South Carolina Manufacturers Association's "Made in SC Excellence in Corporate Responsibility Award."

Russel Metals Announces First Quarter Results

04 May 2012 - Russel Metals Inc. announced first quarter 2012 earnings of $33 million, or $0.55 per share on revenues of $803 million. These results matched the earnings in the same quarter last year and are above the fourth quarter 2011 earnings of $0.47 per share.

Ruukki Signs Coking Coal, Pellet Contract with Severstal

04 May 2012 - Rautaruukki has signed a three-year contract for supplies of coking coal and iron pellets with Severstal Resources, a division of the Russian company OAO Severstal.

Vallourec Organizes Third Safety Day

04 May 2012 - Vallourec held a Safety Day with the theme of security for its 22,000 employees throughout the world as a reminder of the crucial role that safety plays in its company culture.

Tata Steel Secures Deepwater Pipe Contract in Gulf of Mexico

04 May 2012 - Tata Steel has been awarded a contract to provide pipe for the Discovery Producer Services LLC gas pipeline in Keathley Canyon, Gulf of Mexico. The company will supply Discovery’s Keathley Canyon Connector with 214 miles (345 km) of 20-inch diameter submerged arc welded linepipe.

Evraz Recognized for Financial Disclosure Procedures in Europe

04 May 2012 - Evraz plc has been named the best European company in the Best Financial Disclosure Procedures category in the 2012 IR Global Rankings survey. This is its second top award for Best Financial Disclosure.

Finished Steel Imports Up 11% in April

03 May 2012 - Total steel import permit applications reached 3,074,000 net tons for the month of April, a 5% decrease from the 3,248,000 permit tons recorded in March according to the latest report from AISI. Import tonnage for finished steel was up 11% over the same period.

ThyssenKrupp Steel Europe Starts up Dust Collection System

03 May 2012 - ThyssenKrupp Steel Europe has started operation of an additional 30-million-euro dust collection system on the sinter belts at its Schwelgern plant unit, which is intended to further reduce particulate emissions in the north of Duisburg by up to 3 micrograms per cubic meter.

ArcelorMittal Ostrava Employees Support Humanitarian Collection

03 May 2012 - ArcelorMittal Ostrava's employees participated in "Needless things to needy people," a humanitarian collection of clothes and other items that recently took place in Ostrava. The event was organized by Charity Ostrava in cooperation with Diacony Broumov.

Gerdau Completes 20 Years in Special Steel Sector, Plans New Investments

02 May 2012 - During the past two decades, Gerdau has invested more than US$ 4 billion to acquire assets in Brazil, the United States, Spain, and India and in technological upgrading of its operations in the special steel business.

Northwest Pipe Reports Full Year 2011 Results

02 May 2012 - Northwest Pipe Co. announced its 2011 financial results including record revenues in 2011 and a return to profitability. Net sales for the year ended December 31, 2011 increased 32.3% to $511.7 million compared to $386.8 million in the prior year.