Steel News

EPA, DOJ and Indiana Reach Proposed Settlement on Westville, Ind., Superfund Site

30 December 2010 - U.S. EPA Region 5, U.S. DOJ, Indiana DEM and the Office of the Indiana Attorney General have reached a proposed settlement with a group of 13 potentially responsible parties who will pay for and complete the final phase of cleanup at the Cam-Or Superfund site in Westville, Ind.

NLMK’s Kaluga Minimill to Begin Installation of Production Facilities

30 December 2010 - NLMK’s Kaluga mini-mill, which is currently under construction, begun to install the main process equipment for its EAF Shop, which is being supplied by VAI Siemens.

Preliminary Steel Imports Dip 5% in November

30 December 2010 - The U.S. imported a total of 1,784,000 net tons of steel in November, down 5% from October final data according to the latest report from AISI. Finished steel imports were down 6% over the same period.

Severstal-metiz to Sell Russian Welding Business to Lincoln Electric

30 December 2010 - OAO Severstal’s Severstal-metiz metalware segment has signed a definite agreement to sell its Severstal-metiz Welding Consumables to Lincoln Electric Holdings.

Magnitogorsk Iron and Steel Works Boosts Iron Ore Production

29 December 2010 - Magnitogorsk Iron and Steel Works, OJSC (MMK) will have produced over 2.2 million tons of finished ore by end 2010, according to company estimates, exceeding last year’s results by 35%.

POSTECH Research Teams among Top 100 Korean Research Achievers

29 December 2010 - POSTECH research teams are selected among the Korean Ministry of Education, Science and Technology`s top 100 research achievers for the National Research & Development Project.

Northeast Light Alloy Orders CVC Cold Rolling Mill from SMS Siemag

29 December 2010 - With the new aluminum cold rolling mill supplied by SMS Siemag, Northeast Light Alloy Co., Ltd., China, plans to produce high-quality aluminum strip products. Input stock for foil manufacture also will be rolled on the CVC® plus six-high stand.

Mechel OAO to Open Offices in Southern Federal District, Amur Region

29 December 2010 - Mechel OAO’s Board of Directors has decided to open official representative offices in the Southern Federal District’s city of Rostov-on-Don and the Amur Region’s city of Blagoveshchensk.

AK Steel To Permanently Close Kentucky Coke Plant

29 December 2010 - AK Steel announced plans to permanently close its Ashland, Ky., coke plant in 2011. The company says the plant, which employs 263, is no longer cost-competitive.

Baosteel Establishes International Resource Headquarters in Hong Kong

28 December 2010 - Baosteel announced the recent inauguration of Baosteel Resources (International) Limited in Hong Kong, the company’s first location in the Far East and a major step in the company’s implementation of international operations.

Mechel Reports Accident at Nerungrinskaya Washing Plant

28 December 2010 - Mechel OAO announced this week the collapse of three thickeners at its Yakutugol OAO subsidiary’s Nerungrinskaya washing plant. There were no casualties or injuries.

Severstal’s Olcon Awarded License to Study New Reserve Deposit

28 December 2010 - ОАО Olcon, a business unit within OAO Severstal’s mining division, has obtained a license for the right to use subsoils for geological studies at the Svintsovye Tundry area, in the Murmansk Region in northwest Russia.

voestalpine to Produce Axle Components for Daimler Trucks

28 December 2010 - voestalpine Anarbeitung GmbH has secured a contract with Daimler Trucks for the production of axle components, lasting for several years. The "alphas - forming" reforming process, patented by voestalpine Anarbeitung, will be used to manufacture the components.

Nippon Steel Resumes Delivery of Galvanized Steel Pipes

28 December 2010 - Nippon Steel is confirming the resumption of delivery of galvanized steel pipes from its Kimitsu Works, which had been suspended in September.

SSAB Downgrades Fourth Quarter Earnings Outlook

27 December 2010 - Lower shipments and production curtailments will negatively impact fourth quarter operating profit for SSAB.

Steel Dynamics to Supply Welded Rail for Vermonter Project

27 December 2010 - Steel Dynamics’ Structural and Rail Division will supply 28,500 net tons of continuous welded rail to L.B. Foster Co., for use in the "Vermonter" project in New England.

SMS Siemag to Supply Novelis do Brasil with Two-Stand Cold Rolling Mill

27 December 2010 - SMS Siemag has received an order from Novelis do Brasil in Pindamonhangaba, Sao Paulo, to supply a new two-stand cold rolling mill for aluminum alloys. The two-stand tandem mill is said to be the first of its type in South America.

Posco to Build Stainless Cold Rolling Mill in Turkey

27 December 2010 - Posco’s Board of Directors has approved the construction of a 200,000 tonnes/year stainless cold rolling mill in Turkey.

MMK’s Mill 5000 Surpasses One Million Tonnes of Product in 2010

27 December 2010 - Mill 5000, a hot-rolling unit of Magnitogorsk Iron and Steel Works, produced 1.048 million tonnes of hot-rolled products from January to November 2010, including 117,900 tonnes of November output.

Evraz JV Creates Largest Steel Distribution Company in the CIS

27 December 2010 - Evraz Group SA has closed a deal to acquire 100% of the shares of Cassar World Investments Corp., which controls 99.9% of OAO INPROM, a leading metal service company in Russia. The deal will create a joint venture comprising the assets of EvrazMetall and INPROM that will be the largest steel distribution company in the CIS.