Steel News

ALJ Announces 2nd Quarter Earnings

17 May 2010 - ALJ, the parent company of Kentucky Electric, reported net income of $725,759 on net sales of $49.49 million for the six months ended March 31, 2010.

Tata Steel Named to Fortune’s ‘Most Admired Company’ List

17 May 2010 - Tata Steel Ltd. this year has been ranked among the world’s top 10 of the “Most Admired Company” rated by Fortune magazine and the Hay Group. The award was bestowed in the Industry-Metal category.

worldsteel Awards Student Winner of steeluniversity Challenge

14 May 2010 - The World Steel Association recently presented the trophy and prize to Luo Zhaozhen, a student from China’s Wuhan University of Science and Technology, who won the fifth steeluniversity Challenge in the student category.

Posco Breaks Ground for Plate Processing Center in Dalian

14 May 2010 - The steelmaker recently held a groundbreaking ceremony for Posco-CDPPC, a new plate facility, in the Lingang Industrial Zone, which is located on Changxing Island, Dalian. Posco plans to supply major shipbuilding companies with an annual thick plate production of 200,000 tonnes.

Russel Metals Reports Stronger Q1 Net Earnings

14 May 2010 - Russel Metals Inc. announced first-quarter earnings of $17 million or $0.28 per share, compared to net earnings of $0.10 per share, excluding inventory write-downs, in the first quarter of 2009. Reported results for Q1 2009 were a loss of $0.92 per share due to inventory write-downs.

SSINA Urges Responsible Enforcement of Cuban Embargo

14 May 2010 - The Specialty Steel Industry of North America issues statement to the House Ways and Means Committee encouraging stricter enforcement of the U.S. regulations on trade with Cuba, particularly with respect to China.

Severstal Invests in Iron Ore Projects in Republic of Congo and Gabon

14 May 2010 - OAO Severstal has announced the multi-stage acquisition of new shares in Core Mining Ltd., which controls exploration licenses for the Avima iron ore deposit in the Republic of Congo (Brazzaville) and the Kango iron ore deposit in the Republic of Gabon. The investment will be used to fund Core’s exploration program for both projects.

Steel Dynamics to Collaborate with Modumetal on Coating Technology

13 May 2010 - Steel Dynamics signs agreement with Seattle-based Modumetal for the application and continued development of Modumetal’s ModuGalv™ coating technology for both long and sheet steel applications.

Corus Invests in Steelworks to Reduce Carbon Dioxide Emissions

13 May 2010 - Corus recently launched a new plant at its Port Talbot steelworks that will reduce the site’s carbon dioxide emissions by some 240,000 tonnes per year, completing a £60 million investment.

First Installation of Siemens LiquiRob at Riva Group EAF

13 May 2010 - The Riva Group has become the first steel producer to use the Siemens LiquiRob robot system at an electric arc furnace. The technology has been installed in its French plant in Neuves-Maisons where it handles sampling and temperature and Celox measurements.

Harsco Expands Services to Middle East Producers

13 May 2010 - Harsco Corp. announced new contracts valued at close to $5 million over three years supporting aluminum producers in the Gulf Region of the Middle East.

SSAB Set to Expand Business in Chinese Market

13 May 2010 - SSAB plans to further expand its operations in mainland China. The company expects the Asian market to account for 20% of its total output of niche products by 2015, compared to 7% in 2008.

SMMD, Hokuriku Electric Conclude Absorption-Type Corporate Split Contract

13 May 2010 - Hokuriku Electric and Sumitomo Metal Micro Devices (SMMD) have concluded a contract on the absorption-type corporate split, whereby the Systems Division of Hokuriku Electric will be split and succeeded to SMMD on August 2, 2010. SMMD is scheduled to change its company name to HDK Micro Devices that same day.

Japanese Firms to Establish JV for Aluminum Forged Parts in China

12 May 2010 - Kobe Steel, Mitsui, and Toyota Tsusho have signed an agreement to form a joint-venture company, provisionally called Kobe Aluminum Automotive Products (China) Co., Ltd., to produce and market aluminum forgings for automotive suspensions. Following construction of a plant, production is anticipated to begin in August 2012.

Ultrasonic Inspection Station Commissioned at Tomago

12 May 2010 - Tomago Aluminium together with Hertwich Engineering successfully commissioned in February 2010 the supplied ultrasonic inspection station, which was integrated so every billet passing through the saw plant can be quality-checked for center cracks and surface faults.

TMK IPSCO opens ULTRA Premium Connections Facility in Marcellus Shale Region

12 May 2010 - TMK IPSCO recently celebrated the opening of its new Brookfield, Ohio, manufacturing plant, which will have an annual production capacity of up to 100,000 tons of threaded pipe.

Arvedi Grants Acceptance to Siemens for Endless Strip Line

12 May 2010 - Acciaieria Arvedi SpA has issued the Final Acceptance Certificate to Siemens VAI for its new Arvedi ESP line in Cremona, which has successfully cast 80-mm thin strands at speeds in excess of six meters per minute and endlessly rolled hot strip down to a thickness of 0.8 mm.

Tata Named ‘Steelmaker of the Year’ at AISTech

12 May 2010 - Ratan N. Tata, Tata Sons Ltd., Tata Industries, was named “Steelmaker of the Year” at AISTech 2010, managed by the Association for Iron & Steel Technology, for its “entrepreneurial spirit” that lead Tata Steel from India’s first integrated steel plant to a global leader in steel production.

Hertwich Engineering Helps Commission Lines for Qatalum Project

11 May 2010 - Qatar Aluminium together with Hertwich Engineering successfully commissioned three homogenizing and sawing lines for the Qatalum project, under an order from Fata SpA of Italy.

Danieli Corus Commissions Blast Furnace for Bhushan Steel

11 May 2010 - Danieli Corus BV has successfully commissioned the Greenfield No. 1 Blast Furnace at the Meramandali steelmaking plant owned and operated by Bhushan Steel Ltd.