Steel News

Nucor’s DiMicco Named to Manufacturing Hall of Fame

16 December 2011 - Nucor Corp. Chairman and CEO Dan DiMicco was named to IndustryWeek magazine's Manufacturing Hall of Fame, one of just ten members selected this year.

Nucor Announces Fourth Quarter Earnings Guidance

16 December 2011 - Nucor Corp. announced guidance for its fourth quarter ending December 31, 2011, including the expectation of results in the range of $0.22 to $0.27 per diluted share.

SMS Siemag Starts up X-Melt Steelworks, X-Cast Caster for Maghreb Steel

16 December 2011 - SMS Siemag successfully put into operation an X-Melt® electric steelmaking plant and an X-Cast® slab caster at Maghreb Steel in Morocco. The facilities are designed for an annual production of 1 million tonnes of steel and will supply the Steckel rolling mill and the heavy-plate mill with input stock.

Outokumpu Completes Negotiation, Cuts 200 Jobs in Finland

16 December 2011 - Outokumpu has concluded the employee negotiations that were initiated in October in Finland. The negotiations resulted in some 200 job reductions.

AK Steel Provides Fourth-Quarter Guidance

16 December 2011 - AK Steel opted to provide guidance later in the fourth quarter when it had more information upon which to base its estimates. The company now expects shipments of approximately 1.4 million tons in the 2011 fourth quarter, or about 2% higher than the third quarter of 2011, and about 3% higher than in the year-ago fourth quarter.

Stainless Imports up 31% Through YTD September 2011

15 December 2011 - Total stainless imports reached 606,917 tons through YTD September 2011, a 30.9% increase compared to YTD September 2010 according to the latest report from SSINA. Total specialty steel imports (comprising stainless steel, alloy tool steel and electrical steel) reached 773,137 tons through the same period, a 30.3% increase.

Magnitogorsk Announces New Appointment at MMK Metalurji

15 December 2011 - MMK Metalurji, part of the MMK Group, announced the appointment of Sergei Sulimov as Acting General Director, and the return of Yury Bodyayev, General Director of MMK Metalurji, to his previous position as Director of Production at MMK.

Posco Founder Passes Away

15 December 2011 - Tae-Joon Park, founder of Posco, has passed away at the age of 84.

Japan Fair Trade Commission Okays Integration of Nippon Steel and Sumitomo Metals

15 December 2011 - Nippon Steel Corp. and Sumitomo Metal Industries, Ltd. have received from the Japan Fair Trade Commission a “Notification to the Effect that a Cease and Desist Order will not be Issued,” meaning the business integration of the two companies has been approved. The integration is scheduled to be fully executed on October 1, 2012.

Washing Confirms High Quality of Elga Coking Coal

15 December 2011 - Mechel OAO announced that a sample lot of about 4000 tonnes of Elga’s coking coal was washed at Southern Kuzbass Coal’s Sibir plant. The concentrate has qualities that rate the Elga deposit with high-value grades of coking coals.

Air Liquide Expands Relationship with Nucor Steel in U.S.

14 December 2011 - Air Liquide Large Industries U.S. LP has been selected to supply industrial gases for Nucor Steel’s new direct reduced iron (DRI) plant in Convent, La., and has extended its contracts to serve Nucor’s plants in Berkeley County, S.C., and Blytheville, Ark.

JSW Steel Reports 18% Growth in Crude Steel for November

14 December 2011 - JSW Steel Limited reported crude steel production of 600,000 tonnes in November 2011, representing 18% growth compared to 507,000 tonnes in November 2010 and 5% sequentially.

Posco Hot Rolling Strengthens Ties with Nippon Steel

14 December 2011 - Posco Pohang and Gwang-yang Works’ hot rolling departments recently hosted a technology exchange event with Nippon Steel Corp. to discuss ideas and experiences related to cost reduction, accident prevention, and improving product quality.

ThyssenKrupp Steel USA President and CEO to Assume New Responsibilities

14 December 2011 - ThyssenKrupp Steel USA announced that President and CEO Chris Lackinger is leaving his position January 1, 2012 to assume other responsibilities within the ThyssenKrupp Group.

ThyssenKrupp Steel USA Announces New President and CEO

14 December 2011 - ThyssenKrupp Steel USA announced the appointment of Christian Dohr as its President and CEO, replacing Chris Lackinger who is leaving to assume other responsibilities within the ThyssenKrupp Group.

Siemens to Supply Secondary Refining, Casting Plant to BMZ

13 December 2011 - Siemens VAI Metals Technologies has received an order from Byelorussian Steelworks (BMZ) to equip the factory in Zhlobin with secondary metallurgical plants and a new six-strand continuous billet casting plant. The project is to be completed in early 2013.

Tenova Goodfellow Acquires Nova Analytical Systems

13 December 2011 - Tenova has acquired Nova Analytical Systems, a Hamilton, Ont., provider of extractive-gas analyzers and sample conditioning systems for industrial applications.

Severstal to Accumulate 100% of Putu Iron Ore Project in Liberia

13 December 2011 - OAO Severstal’s indirect subsidiary Lybica Holdings B.V. has entered into a legally binding heads of terms agreement with Afferro Mining Inc. and its wholly owned subsidiary Mano River Iron Ore Holdings Ltd. for the purchase of 38.5% interest in the Putu Iron Ore Project.  Severstal currently holds the remaining 61.5% interest in Putu.

EVRAZ plc to be Included in FTSE 100 Index

13 December 2011 - EVRAZ plc announced that it has now been included in the FTSE 100 Index of the UK’s leading public companies, making it the only steel and mining company in the UK FTSE All-Share Index.

Ryerson Expands Long Products Capacity

13 December 2011 - Ryerson has acquired Turret Steel Industries, Inc. and Sunbelt-Turret Steel, Inc., steel service centers headquartered in Pittsburgh. The acquisition also includes Turret-affiliated companies Wilcox Steel and Imperial Logistics.