Steel News

SKF Inaugurates Wind Industry Service Center in Shanghai

19 April 2010 - The SKF Asia Pacific wind industry service center was inaugurated at the SKF Solution Factory in Shanghai on April 14, 2010. This is the third one of its kind, according to SKF, following the centers in Hamburg and Houston.

Posco’s Vietnamese Cold Rolling Mill in Full Operation

19 April 2010 - Posco-Vietnam’s cold-rolling mill produced 80,000 tonnes of cold-rolled steel products in March, with an operation rate of 80%—20% higher than projected. Since the beginning of April, the plant has been in full operation, producing 100,000 tonnes of steel.

PTC Alliance Obtains Court Approval of Asset Sale

19 April 2010 - The U.S. Bankruptcy Court has authorized the sale of substantially all of PTC Alliance’s assets in the U.S. and the stock of its non-debtor German subsidiary, Wiederholt GmbH. The sale to agents of the company's credit facilities supported by funds managed by Black Diamond Capital Management LLC was authorized at a hearing on April 14, 2010.

EPA Settles with Alro Steel for Chemical Inventory Reporting Violations

19 April 2010 - U.S. Environmental Protection Agency Region 5 recently settled a case of hazardous chemical reporting violations involving Alro Steel Corp. The consent agreement and final order applies to Alro facilities in Lansing, Mich.; Melrose Park, Ill.; and Indianapolis and Fort Wayne, Ind.

February Steel Shipments Down 4.1% from January

19 April 2010 - U.S. steel mills shipped 6,311,076 net tons for the month of February 2010, a 4.1% decrease from the 6,579,808 net tons shipped in the previous month according to the latest report from AISI.

Posco Begins Construction of Fuel Cell Stack Manufacturing Plant

16 April 2010 - Posco had a groundbreaking ceremony on April 7 for a new fuel cell stack manufacturing plant in the Pohang Young-il bay rear industrial complex. Construction is expected to be completed in December 2010.

Tata Steel Reports FY’10 Annual Production and Sales Figures

16 April 2010 - Tata Steel completed fiscal year 2010 (April-March) with a 16% increase in hot metal and crude steel production, a 20% increase in saleable steel production, and an 18% increase in sales compared to the prior fiscal year.

AISI Praises Climate Change Letter Sent by Manufacturing States Senators

16 April 2010 - AISI expresses gratitude to Sens. Sherrod Brown, Debbie Stabenow, Carl Levin, Robert Casey, Arlen Specter, Mark Warner, Claire McCaskill, Evan Bayh and Kay Hagan for their extensive efforts to ensure that climate legislation under development promotes manufacturing competitiveness, maintenance of jobs and reduction of global greenhouse gas emissions.

ThyssenKrupp Supplies Steel Sandwich Elements for Melbourne Stadium

16 April 2010 - ThyssenKrupp Steel Europe has supplied 25,000 square meters of Hoesch isowand vario® elements for the roof of a new sports stadium in Melbourne. Originally developed for wall and facade applications, the technology is said to be perfectly suited to the special architecture of the stadium shell.

Outotec to Reduce Employees in Finland

16 April 2010 - Outotec has concluded employee negotiations in Finland to seek alternative ways for cost saving to minimize the need for redundancies. The outcome is there will be a workforce reduction of 84 employees in Outotec's corporate management, support functions, research center, and business units in Finland, to be implemented in April 2010.

Lake Erie Plant Employees Ratify New Collective Bargaining Agreement

16 April 2010 - United Steelworkers Local Union 8782 has ratified a new three-year labor contract for employees at U. S. Steel Canada Inc.'s Lake Erie Plant.

Kobe Steel to Set up Forged Parts Company in China

15 April 2010 - Kobe Steel, Ltd. has decided to establish a company in China to produce and market aluminum forgings for automotive suspensions. Production is expected to begin in August 2012.

Ruukki to Launch Optim 700 MC Plus High-Strength Steel

15 April 2010 - Ruukki will launch Optim 700 MC Plus, a new high-strength structural steel with improved cold-forming properties, during the Bauma 2010 trade fair in Munich.

Lakeside Steel Provides Q4 Operations Update

15 April 2010 - Lakeside Steel reports shipments of 39,916 tons for the fourth quarter ended March 31, 2010 — a 70% improvement over the previous quarter (3Q10) as well as a 70% improvement over the year-ago fourth quarter.

JFE Steel Develops Wear-Resistant Head-Hardened Premium Rail

15 April 2010 - JFE Steel announces the development of SP3, a new state-of-the-art rail offering what the company claims is the world’s highest level of wear resistance for heavy-haul railway lines.

Metals USA to Redeem Senior Floating Rate Toggle Notes

15 April 2010 - Metals USA Holdings announced plans to redeem all of its outstanding Senior Floating Rate Toggle Notes due 2012.

POSTECH Professor Awarded James C. McGroddy Prize

14 April 2010 - Cheong Sang-wook, chair professor at Pohang University of Science and Technology (POSTECH), recently became the first Korean awardee of the James C. McGroddy Prize for New Materials. He was recognized for his contributions in advancing the understanding and utility of multiferroic oxides.

Cliffs Names New Executive Vice President

14 April 2010 - Cliffs Natural Resources Inc. has appointed P. Kelly Tompkins as Executive Vice President – Legal, Government Affairs and Sustainability, which is a newly created role. He will officially join Cliffs on May 3, 2010.

Commerce Finds Dumping of OCTG from China

14 April 2010 - The U.S. Department of Commerce announced on April 9 its affirmative final determination in the antidumping duty investigation on imports of oil country tubular goods from P.R. China. Commerce determined that Chinese producers/exporters have sold OCTG in the United States at margins ranging from 29.94 to 99.14%.

President of India Presents SCOPE Meritorious Awards to SAIL

14 April 2010 - President of India Her Excellency Smt. Pratibha Devisingh Patil recently presented two Meritorious Awards in Specialized Fields, instituted by the Standing Conference of Public Enterprises (SCOPE) to Steel Authority of India Ltd. (SAIL).