Steel News

MSCI: 2014 Starts Out Even for North American Service Centers

18 February 2014 - Monthly shipments of steel and aluminum in both the United States and Canada began 2014 with small gains or losses from January 2013, the Metals Service Center Institute (MSCI) reports.

AIIS: End of 2013 'Disappointing' for U.S. Steel Exports

18 February 2014 - U.S. steel exports declined in December 2013 from November 2013 by 7.2%, and were down 10.1% compared to December 2012, according to data analyzed by the American Institute for International Steel (AIIS).

Cliffs Natural Resources Reviews 2013, Offers Outlook for 2014

18 February 2014 - In 2014, Cliffs expects accelerating economic growth in the United States to support domestic steel production and thus demand for steelmaking raw materials.

Nucor Announces Addition to Board of Directors

18 February 2014 - Nucor Corporation announced that Gregory J. Hayes has been elected to the board of directors effective immediately.

Steel Institute Elects New Board Member

17 February 2014 - The Board of Directors of the American Iron and Steel Institute (AISI) has elected Gary Halverson, president and CEO of Cliffs Natural Resources Inc., as the newest member of its 23-person Board.

Herr-Voss Stamco Provides 3-Roll Flattener to FerrouSouth

17 February 2014 - Herr-Voss Stamco recently engineered, manufactured, and integrated a new 3-roll flattener into FerrouSouth’s existing Herr-Voss Stamco cut-to-length line in Iuka, Miss.

Timken Names New CFO

17 February 2014 - The Timken Company board of directors announced the appointment of Philip D. Fracassa as chief financial officer of the company.

Cliffs Natural Resources Issues Open Letter to Shareholders

17 February 2014 - Cliffs Natural Resources Inc. issued the following open letter to all shareholders.

Essar Steel Algoma's Quarterly Shipments Affected by Severe Winter Weather

14 February 2014 - Essar Steel Algoma said severe winter weather has affected its shipments, but the company is encouraged by improving macroeconomic indicators for 2014.

Cliffs Natural Resources Announces New President and CEO

14 February 2014 - Cliffs Natural Resources Inc.’s Board of Directors has appointed Gary B. Halverson, 55, formerly president and chief operating officer, to president and chief executive officer, effective immediately. He also serves as a director on Cliffs' Board.

Evrim, ArcelorMittal to Explore Mexico for Iron Ore Deposits

14 February 2014 - Evrim Resources Corp. has signed an agreement with ArcelorMittal Servicios Minerometalurgicos de Occidente S.A. de C.V., a wholly owned subsidiary of ArcelorMittal S.A., to explore for iron ore deposits in Mexico.

Cliffs Natural Resources Responds to Casablanca Capital

14 February 2014 - Cliffs Natural Resources Inc. issued the following statement in response to Casablanca Capital.

Cliffs Natural Resources to Significantly Reduce 2014 Capex

13 February 2014 - Cliffs Natural Resources Inc. will significantly decrease its capital expenditures in 2014.

SteelBenchmarker: HRB Prices in the Freezer

13 February 2014 - In its 189th report, the SteelBenchmarker released 10 steel product and 3 USA scrap prices for 10 February 2014.

Outokumpu Provides Update on Operations, Short Term Outlook

13 February 2014 - Outokumpu reported its performance results for 2013, including an outlook for the current quarter.

USW: Duties on Illegally Traded Chinese Pipe Will Protect American Workers

13 February 2014 - United Steelworkers (USW) international president Leo W. Gerard issued the following statement after the U.S. Department of Commerce (DOC) announced that it would maintain antidumping and countervailing duties on Chinese steel pipe imports.

Cliffs Shareholder Backing Former Metals USA Leader for Vacant Cliffs CEO Position

12 February 2014 - Casablanca Capital LP, one of the largest shareholders of Cliffs Natural Resources Inc., with beneficial ownership of approximately 5.2%, announced that it is backing Lourenco Goncalves, former CEO of Metals USA, to fill the currently open position of chief executive officer of Cliffs.

AK Steel Coke Plant Recognized For Outstanding Safety Performance

12 February 2014 - AK Steel’s Middletown (Ohio) Works coke plant has received the Max Eward Safety Award from the American Coke and Coal Chemicals Institute (ACCCI), a leading industry trade organization.

Timken Moving Forward with Spinoff of Steel Segment, TimkenSteel

12 February 2014 - The Timken Company announced that TimkenSteel Corporation, its newly formed subsidiary which will hold the company's steel business, has filed an initial Form 10 Registration Statement with the U.S. Securities and Exchange Commission (SEC).

voestalpine Reports Solid Financial Results in Challenging Economy

11 February 2014 - The voestalpine Group reported its results for the nine months ended 31 December 2013 and also provided an update on its DRI project in Texas.