Steel News

Severstal NA Hot Commissions New Hot Dip Galvanizing Line

16 January 2012 - Severstal North America’s new Hot Dip Galvanizing Line (HDGL) in Dearborn, Mich., has begun production of galvanized products. The new HDGL includes state-of-the-art controls for coating thickness and surface texture, as well as alloy and phase control.

Metaldom Signs MOU to Explore Construction of DRI-HBI Facility in Trinidad and Tobago

16 January 2012 - Complejo Matalurgico Dominicano S.A. (Metaldom) has entered into a Memorandum of Understanding (MOU) with the National Gas Co. of Trinidad and Tobago Ltd., National Energy Corp. of Trinidad and Tobago Ltd., Severstal North America, and Neal & Massy Holdings Ltd. to undertake a feasibility study for the establishment of a vertically integrated iron and steel complex.

Ruukki Completes Employer-Employee Negotiations at Kurikka

16 January 2012 - Ruukki Engineering Oy has completed the employer-employee negotiations initiated in early December regarding layoffs and redundancies at the company’s facilities in in Kurikka, Finland.

Stainless Imports up 24.9% Through YTD October 2011

16 January 2012 - Total stainless imports reached 664,583 tons through YTD October 2011 a 24.9% increase compared to YTD October 2010 according to the latest report from SSINA. Total specialty steel imports (comprising stainless steel, alloy tool steel and electrical steel) reached 850,948 tons through the same period, a 25.5% increase.

Advanced Steel Technologies Featured on Car and Truck Award Winners

16 January 2012 - The 2012 North American Car and Truck of the Year—the Hyundai Elantra and Range Rover Evoque—both feature advanced high-strength steel technologies, the Steel Market Development Institute noted. The winners were announced recently at the North American International Auto Show in Detroit.

Esmark Steel Group Announces President of Ohio Operations

13 January 2012 - Esmark Steel Group announced the appointment of steel industry veteran Peter Doyle as President of the company’s Ohio operations.

Siemens to Modernize Medium-Section Mill for Riva

13 January 2012 - Siemens VAI Metals Technologies has received an order from Riva Acciaio to modernize the roughing train of the medium-section mill in Sellero, Italy, which is scheduled for completion in the second half of 2012.

Vale Declares Force Majeure on Iron Ore Shipments

13 January 2012 - Vale announced that it is declaring force majeure (FM) on a number of its iron ore sales contracts effective from January 11, 2012 as a result of high rainfall that has been ongoing since mid-December in the Brazilian states of Minas Gerais, Rio de Janeiro and Espírito Santo.

Mechel Finishes Laying Railway Tracks to Elga Coal Complex

13 January 2012 - Mechel OAO has finished laying tracks along the entire route of the railway link from Ulak station to the Elga coal deposit, opening traffic along the entire route from Baikal-Amur Mainline’s Ulak station to the Elga deposit.

Ruukki to Increase Laser Cutting Capacity at Seinäjoki

13 January 2012 - Ruukki has acquired a second bevel laser cutting line for its service center in Seinäjoki, Finland.

CMC Responds to Expiration of Tender Offer, Withdrawal of Director Nominees

12 January 2012 - Commercial Metals Co. issued a statement in response to IEP Metals Sub LLC’s announcement that its tender offer has expired and that Mr. Icahn has withdrawn his nominees for election to the company's Board.

Steel Dynamics Announces New Term Loan Facility

12 January 2012 - Steel Dynamics, Inc. has expanded its senior secured credit facility by adding a $275.0 million term loan facility to its existing five-year $1.1 billion revolving credit facility.

Siemens to Revamp Gerdau Mogi das Cruzes Bar Mill

12 January 2012 - Gerdau S.A., Brazil, has awarded a contract to Siemens VAI Metals Technologies to revamp the bar mill at its Mogi das Cruzes location for the production of flat bar.

Severstal NA to Explore Feasibility of DRI Facility in Trinidad and Tobago

12 January 2012 - Severstal North America has entered into a Memorandum of Understanding with the National Gas Co. of Trinidad and Tobago Ltd., National Energy Corp. Ltd., Complejo Metalurgico Dominicano S.A., and Neal & Massy Holdings Ltd. to conduct a feasibility study for construction of a direct reduced iron (DRI) facility in Trinidad and Tobago.

ThyssenKrupp Nirosta Plans for Expansion in Krefeld

12 January 2012 - ThyssenKrupp Nirosta has submitted a permit application for the relocation of the Düsseldorf-Benrath cold-rolling mill to Krefeld. The company expects to obtain the permit by summer 2012.

ISSF Launches Website Celebrating 100 Years of Stainless Steel

12 January 2012 - The International Stainless Steel Forum has launched a website dedicated to the history of stainless steel and its innovative applications in celebration of the century that has passed since the creation, patenting and production of stainless steels.