Steel News

Commerce Finds Unfair Dumping of Steel Pipe from China

07 January 2008 - The U.S. Department of Commerce announced its affirmative preliminary determination in the antidumping duty investigation on imports of circular welded carbon-quality steel pipe from P.R. China.

AK Steel Announces February 2008 Surcharges

07 January 2008 - AK Steel will add a $265/ton surcharge to invoices for electrical steel products shipped in February 2008.

Tayiuan Iron & Steel Goes Live with Broner Scheduling Solution

04 January 2008 - Taiyuan Iron and Steel goes live with a Broner Scheduling solution that includes a caster scheduler, meltshop control center, and a schedule editor at its plant in TaiYuan city, ShanXi province, China.

American Metal & Technology Adds 17 CNC MAZAK Lathes

04 January 2008 - American Metal & Technology increases production capacity with the purchase and installation of 17 additional CNC MAZAK lathe machines.

ALJ Reports Fiscal 2007 Results

04 January 2008 - Kentucky Electric Steel’s parent, ALJ Regional Holdings posts net income of $1.061 million on net sales of $39.604 million for the fourth quarter, and net income of $6.572 million on net sales of $150.921 million for the fiscal year ended September 30, 2007.

AISI Recognizes Commerce Department’s Joe Spetrini

04 January 2008 - The American Iron and Steel Institute publicly commends the long and distinguished record of government service of Joseph A. Spetrini, U.S. Department of Commerce Deputy Assistant Secretary for Import Administration, who is retiring on Friday, Jan. 4.

Horsehead Starts Up Second Kiln in Tennessee

03 January 2008 - Horsehead starts up a second Waelz kiln for recycling EAF dust at its Rockwood, Tenn., location.

SeverStal Shuffles SeverCorr Management Team, Pushes for Ownership

03 January 2008 - SeverStal announces that SeverCorr CEO John Correnti and other founding senior managers will transition executive management of SeverCorr to SeverStal.

SMS Meer to Provide PQF Seamless Tube Plant for Anhui Tianda

03 January 2008 - SMS Meer will supply a new 500,000 tonnes/year seamless tube plant featuring PQF technology to Anhui Tianda Oil Pipe of China.

Siemens to Acquire Morgan Construction

03 January 2008 - Siemens’ Industry Solutions Division announces the acquisition of Morgan Construction, a recognized designer, manufacturer, and service provider for high-speed rod, bar, combination mills and handling equipment.

Tube City IMS Merges Operating Subsidiaries

03 January 2008 - Tube City IMS announces the merger of its operating subsidiaries Tube City, LLC and International Mill Service, effective January 1, 2008.

Siemens and Uralmash Form Joint Venture for Plant Building in Russia

02 January 2008 - Siemens and the Russian Uralmash Machine Building Corp. sign memorandum of understanding for formation of an engineering and supply joint venture to service the metals and mining industry in the Russian market.

Shougang Rolls First Coil on SMS Demag Pickle Line Tandem Cold Mill

02 January 2008 - China Shougang produces its first coil on the new pickling line/tandem cold mill that was supplied and commissioned by SMS Demag.

Novamerican Steel Securities Begin Trading on Nasdaq Capital Market

02 January 2008 - Novamerican Steel’s common stock and warrants to purchase have begun trading on the Nasdaq Capital Market.

Baffinland, voestalpine Sign Letter of Intent for Future Iron Ore Sales

02 January 2008 - Baffinland Iron Mines signs letter of intent for the future sale of up to 1.2 million tonnes/year of iron ore to voestalpine Rohstoffbeschaffungs GmbH, the company’s third letter of intent with an end-user steel company.

Ugitech USA Changes Name to Schmolz + Bickenbach USA

02 January 2008 - Schmolz + Bickenbach Group’s Ugitech USA, a provider of specialty steels, will now operate as Schmolz + Bickenbach USA.

Danieli to Install New Spooler Line for Halyvourgiki Minimill

31 December 2007 - Halivourgiki Inc., Greece, recently contracted Danieli to complete its minimill in Elefsis with the installation of a state-of-the-art Danieli Spooler line that will allow the production of ultra-compact, 3.5-tonne coils.

SMS Demag to Install Twin-Stand Steckel Mill for Maghreb Steel

31 December 2007 - SMS Demag will construct and install a twin-stand Steckel mill for Maghreb Steel’s Casablanca facility.

IISI Reports World Steel Production for November 2007

31 December 2007 - Steel production for the 67 countries reporting to the International Iron and Steel Institute stood at an estimated 109.0 million tonnes in November — 4.0% higher than for the same month of 2006.

Algoma to Make Prepayment Under Term Loan

31 December 2007 - Algoma Steel notifies UBS AG of its intention to make a prepayment under its term loan agreement.