Steel News

Global Steel Production Up 3% in June 2014

22 July 2014 - World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 137 million metric tons (mmt) in June 2014, an increase of 3.1% compared to June 2013.

Severstal Agrees to Sell U.S. Facilities for US$2.325 Billion

21 July 2014 - OAO Severstal has entered into separate definitive transaction agreements to sell its Severstal Columbus LLC and Severstal Dearborn LLC subsidiaries, collectively known as Severstal North America, to Steel Dynamics Inc. and AK Steel Corporation, respectively, for a total cash consideration of US$2.325 billion.

AK Steel To Acquire Severstal Dearborn

21 July 2014 - AK Steel has signed an agreement to acquire Severstal North America's integrated steelmaking assets located in Dearborn, Michigan for US$700 million in cash.

Steel Dynamics Inc. To Acquire Severstal Columbus

21 July 2014 - Steel Dynamics Inc. has entered into a definitive agreement to acquire 100% of Severstal Columbus LLC (Columbus) from OAO Severstal.

Terex to Relocate Demag Overhead Crane Manufacturing to Oklahoma City

21 July 2014 - Terex Corp. announced it will relocate production of its overhead cranes from its current Houston location to a newly upgraded Oklahoma City facility (OKC).

Insteel Reports Increasing Capacity Utilization in Quarterly Earnings Report

21 July 2014 - Insteel Industries Inc. announced financial results for its third quarter ended 28 June 2014.

Magnetation Completes US$100 Million Financing for Accelerated Iron Ore Expansion Projects

18 July 2014 - Magnetation LLC has successfully completed a US$100 million senior secured notes tack-on offering. The proceeds from the offering will be used to complete its iron ore expansion projects ahead of schedule and finance the increased production capacity of its new iron ore concentrate plant.

North Star BlueScope Decides Not to Build DRI Facility in Ohio

18 July 2014 - North Star BlueScope Steel (NSBSS), jointly owned by BlueScope (50%) and Cargill Inc. (50%), has concluded a detailed scoping and development study for a potential direct reduction iron (DRI) plant at its Delta, Ohio, steelworks.

Ternium First in Mexico to Develop Steel with Improved Stress Resistance for Rims

18 July 2014 - Ternium Mexico is currently developing FB-540 steel grade, with a ferrite-bainite structure, used to manufacture rims for the automotive industry, thus, becoming the first company to produce this grade of steel in Mexico.

Aptean Launches New Release of Axis ERP for Metals Industry

18 July 2014 - Aptean announced the launch of Axis 6.2, the latest version of its industry-leading ERP (Enterprise Resource Planning) solution designed for metals producers, wire and cable manufacturers and metals service centers.

Severstal Agrees to Sell PBS Coals

18 July 2014 - OAO Severstal’s wholly-owned subsidiary 7027940 Canada Limited has entered into a definitive agreement with Corsa Coal Corp., a Canadian public company, for the sale of PBS Coals Inc., a metallurgical coal producer located in Pennsylvania, USA.

TimkenSteel to Invest US$40 Million in New Continuous Heat Treat Facility

17 July 2014 - TimkenSteel Corp. announced plans to open an additional continuous heat-treat facility in the U.S. to produce more value-added steel for demanding applications.

Carmeuse Obtains Air Permit for Two New Vertical Lime Kilns

17 July 2014 - Carmeuse Lime & Stone is pleased to announce the planned construction and operation of two 440-ton-per-day vertical lime kilns at its plant located in Frederick County, Va.

IMS Systems Introduces New Optical Width Gauge

17 July 2014 - IMS Systems Inc. has developed an optical width gauge that uses the most advanced technology to measure edge crack, hole/pinhole and strip contour defects in cold processing environments.

Emerson Introduces Online Asset Management Tool for Critical Drivetrain Couplings

17 July 2014 - Emerson's Power Transmission Solutions introduces industry's first online tool for tracking the location, life history and latest revision drawings and installation instructions for all critical drivetrain couplings owned by customers, whether installed or in spares inventory.

ArcelorMittal Shelby to Invest US$30 Million in Tube Mill Expansion

16 July 2014 - ArcelorMittal Shelby, a tubular product facility located in Shelby, Ohio, is pleased to announce plans for expansion as part of its growth strategy.

AISI Lauds Passage of Bill to Fund Highway Trust Fund

16 July 2014 - The American Iron and Steel Institute (AISI) commended the U.S. House of Representatives for approving H.R. 5021, by a vote of 367-55, which provides US$10.8 billion to restore solvency to the Highway Trust Fund through May 2015.

All Four Metal Recycling Services’ Facilities Receive Safety Award

16 July 2014 - All four of Metal Recycling Services' (MRS) locations won the prestigious North Carolina Department of Labor’s “Certificate of Safety Achievement” for 2013.

SteelBenchmarker: HRB Prices in the Summer Doldrums

16 July 2014 - The bi-monthly SteelBenchmarker™ World export HRB price for 14 July 2014 increased 0.4% to US$558 per metric ton after being flat last time.

U. S. Steel President Testifies Before Commission in OCTG Trade Case

15 July 2014 - Today United States Steel Corporation president and CEO Mario Longhi issued the following statement regarding his testimony before the International Trade Commission (ITC) regarding the trade case on oil country tubular goods (OCTG) against nine countries including South Korea.