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Headlines
Latest News
SMS Demag Commissions BOF Dust Collection System at JSW Steelworks
05 August 2008 - SMS Demag successfully commissions a secondary dust collection system for Jindal South West Steel Limited’s BOF steelworks in India.
ArcelorMittal to Acquire Koppers’ Monessen Coke Plant
05 August 2008 - ArcelorMittal signs agreement to acquire the Koppers’ Monessen Coke Plant from Koppers for $US 160 million.
ArcelorMittal Plans US$600 Million Investment in Mexico
05 August 2008 - ArcelorMittal announces plans to construct a new steel mill in Mexico to produce rebar, merchant bar quality and special bar quality products for the local construction and automotive sectors.
Siemens to Supply Drives, Automation for New Plate Mill at Ningbo
04 August 2008 - Chinese steel producer Ningbo Iron and Steel awards Siemens a contract to engineer and supply the drive and automation systems for a new 4.3-meter plate mill.
Posco Celebrates Start of Construction for New Steelmaking, Plate Plants
04 August 2008 - Posco celebrates the start of construction for a new steelmaking plant at Pohang Steelworks and a 2-million-tonne-capacity steel plate plant at Gwangyang Steelworks.
U. S. Steel Announces Management Changes
04 August 2008 - United States Steel announces the appointment of Frederick T. Harnack as General Manager, Operational Excellence, with Kevin L. Zeik replacing him as General Manager, Research, effective immediately.
Stefana Starts up New SMS Meer Bar Rolling Mill
04 August 2008 - Stefana SpA starts up a new 120 tonne/hour bar mill supplied by SMS Meer for the production of straight bars and spools.
Rio Tinto to Commence Expansion of Corumbá Iron Ore Mine in Brazil
04 August 2008 - Rio Tinto will invest US$2.15 billion in a major expansion of its iron ore mine in Corumbá, Brazil, that will boost the mine’s annual capacity more than six-fold to 12.8 million tonnes, with new production commencing in the fourth quarter of 2010.
Carpenter Technology Reports Fiscal 4th Quarter, Full-Year Results
01 August 2008 - Carpenter Technology reports net income from continuing operations of $46.9 million on net sales of $556.3 million for the fourth quarter, and net income from continuing operations of $209.9 million on net sales of $1953.5 million for the year ended June 30, 2008.
Cleveland-Cliffs Reports Record Second-Quarter Results
01 August 2008 - Cleveland-Cliffs reports net earnings of $270 million on consolidated revenues of $1 billion for the second quarter, and net income of $287 million on revenues of $1.5 billion for the six months ended June 30, 2008.
Nucor to Add Heat Treat Facility at Hertford Plate Mill
01 August 2008 - Nucor announces plans to invest approximately $110 million for a new plate heat treating facility at its plate mill in Hertford County, N.C.
2008 FeMET and StEEL Scholarships Awarded
01 August 2008 - The Ferrous Metallurgy Education Today (FeMET) and Steel Engineering Education Link (StEEL) initiatives award scholarships for 2008 that will provide selected students with scholarships and paid summer internships at a North American steel company.
Outokumpu Completes Acquisition of Italian Stainless Distributor Sogepar
01 August 2008 - Outokumpu completes its announced acquisition of the SoGePar Group, an Italian distributor of stainless steel, following receipt of regulatory clearances.
Timken Reports Record 2nd-Quarter Results
31 July 2008 - Timken reports record net income of $88.9 million on record net sales of $1.54 billion for the second quarter, and net income of $173.4 million on net sales of $2.97 billion for the first six months of 2008.
Samuel Manu-Tech to Sell Nanticoke Pickle Lines to U.S. Steel Canada
31 July 2008 - Samuel Manu-Tech signs non-binding letter of intent to sell all of its Nanticoke, Ont., steel pickling operations to U.S. Steel Canada.
Mechel Continues Emergency Response at Lenin Mine
31 July 2008 - Mechel OAO is continuing emergency work at its Lenin Mine, part of the company's Southern Kuzbass OAO subsidiary, following a flash of methane that occurred on Tuesday.
AISI Comments on Breakdown of Doha Round Talks
31 July 2008 - AISI comments on this week’s breakdown of the Doha Round Talks in Geneva, emphasizing the support of the American steel producers for the actions of Ambassador Schwab and her negotiating team.
Timken to Supply Bearing Reconditioning Services for Baosteel
30 July 2008 - Baosteel contracts Timken to supply industrial bearing services following an initial contract to repair and recondition bearings on a cold rolling temper mill.
U.S. Steel Reports 2nd Quarter Results
30 July 2008 - United States Steel Corp. reported net income of $668 million on net sales of $6.74 billion for the second quarter, and net income of $903 million on net sales of $11.94 billion for the first half of 2008.
Steel Dynamics Increases Share Repurchase Program
30 July 2008 - The Steel Dynamics Board approves an increase of 5 million shares to the company’s existing share repurchase program, giving Steel Dynamics the authority to repurchase up to an additional 8.9 million shares.
