Steel News

New Millennium Iron Announces New President and CEO

19 December 2013 - New Millennium Iron Corp. (NML) announced that Mr. Robert Patzelt, Q.C., will join NML effective 13 January 2014 as president and chief executive officer and a director of the corporation.

Abresist Kalenborn Corp. Announces Company Name Change

19 December 2013 - Abresist Kalenborn Corp. has changed its name to Kalenborn Abresist Corp., effective 1 January 2014.

AK Steel Provides Fourth Quarter 2013 Guidance

19 December 2013 - AK Steel provided guidance for its fourth quarter of 2013 financial results, noting that it has seen stronger demand in the fourth quarter compared to the third quarter, particularly in carbon sales to the spot market.

SSAB Adds New Manufacturing Capabilities at its Montreal Facility

19 December 2013 - With this new equipment, SSAB now offers the most comprehensive line of wear products and solutions in the region combining wear plate, chromium carbide overlay and extensive manufacturing capabilities with exceptional application knowledge.

U.S. Agency Vote Will Result in Continuation of Duties on Hot Rolled Steel Imports

19 December 2013 - In a sunset review, the U.S. International Trade Commission determined that revoking import duties on hot rolled steel from six countries would be likely to harm the domestic steel industry.

Patriot Coal Emerges from Bankruptcy as Well-Capitalized Private Company

19 December 2013 - Patriot Coal Corp. announced its emergence from Chapter 11 as a reorganized company.

Steel Dynamics Provides Fourth Quarter 2013 Earnings Guidance

18 December 2013 - Steel Dynamics Inc. provided fourth quarter earnings guidance, also commenting on current and expected future market conditions.

SMS Reports Low Order Intake, Expects Significant Decrease in Profits

18 December 2013 - As in 2012, the order intake by the SMS group will be below target for 2013. A net result well short of the previous year is anticipated.

Majestic Steel USA Acquires Flatrolled Steel, Inc. Assets

18 December 2013 - Majestic Steel USA, a leading steel service center, has completed the acquisition of the business and assets of Flatrolled Steel, Inc.

Discovery Channel Films 'How Do They Do It?' at ArcelorMittal

17 December 2013 - The Discovery Channel has filmed an episode of its popular “How do they do it?” series at ArcelorMittal and Volkswagen, focusing on how a car is made from start to finish — including the manufacturing process for its advanced high strength Usibor® steel, through to a finished Golf VII.

Allegheny Technologies Names CFO

17 December 2013 - Allegheny Technologies Incorporated announced that Patrick J. DeCourcy has been named senior vice president, finance and chief financial officer. Mr. DeCourcy had been serving as interim chief financial officer since 15 July 2013.

Nucor Announces Guidance for Fourth Quarter Earnings

17 December 2013 - Nucor Corporation announced guidance for its fourth quarter ending 31 December 2013, expecting lower results than the previous quarter and same quarter last year.

MSCI: Growth Reverses Again in November

17 December 2013 - Decreases in steel shipments from service centers in the U.S. and for both steel and aluminum in Canada were moderate, the Metals Service Center Institute (MSCI) reported.

Severstal North America Appoints Director of Government Relations

17 December 2013 - Effective immediately, Severstal North America has named Mr. William S. Noakes, Jr., its director, government relations, based in Dearborn, Mich.

Kloeckner Metals Announces Resignation of Michael Hoffman

17 December 2013 - Kloeckner Metals, one of the leading metal distributors in North America, announced that Mr. Michael Hoffman, vice chairman, Klockner USA Holding, Inc., will resign from his current position effective 31 December 2013.

Court Confirms Patriot Coal's Plan of Reorganization

17 December 2013 - Patriot Coal Corporation announced that the U.S. Bankruptcy Court for the Eastern District of Missouri has confirmed the company's Plan of Reorganization.

Bloomberg: U. S. Steel Plant Explosion Near Detroit Kills Worker, Injures 2

16 December 2013 - An explosion early on the morning of 15 December 2013 at a United States Steel Corporation plant near Detroit killed one worker and injured two others, according to a Bloomberg report.

New Millennium Iron Announces New Member of Board of Directors

16 December 2013 - New Millennium Iron Corp. (NML) announced that Mr. Partha Sengupta, vice president of raw materials, including Global Minerals, at Tata Steel Limited, has recently resigned as a director of the corporation, due to the recent changes in organizational structure of the Tata Steel Group.

Magnetek Offers cULus Certified Dynamic Braking Resistors

16 December 2013 - Magnetek, Inc., a leading supplier of digital power and motion control systems for the material handling industry, announced the availability of a new line of cULus certified Dynamic Braking Resistors. These Dynamic Braking Resistors have been designed to meet UL508A and CSA C22.2 No. 14 safety standards.

MMFX Steel Introduces ChromX™ 4100 High-Strength Steel

13 December 2013 - MMFX® Steel Corporation of America is proud to introduce its latest line of high-strength reinforcing steel featuring a 100 ksi yield strength, ChromX™ 4100 — ideal for large construction projects in need of high-yield strength at a reasonable material cost.