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The latest news on the companies producing steel or raw materials used in the iron- and steelmaking process.

Latest News

Carpenter Signs Multi-Level Agreement with UTC; Will Build New Facility for Superalloy Powders

01 October 2013 - Carpenter Technology Corporation has reached a multi-level agreement with United Technologies Corporation (UTC), through its Pratt & Whitney Division, which includes licensing technology associated with the production of superalloy powders and a long-term supply agreement.

Sumitomo Corp. to Acquire Edgen Group

01 October 2013 - Sumitomo Corporation (SC) and Sumitomo Corporation of America, Inc. (SCOA), collectively “Sumitomo,” and Edgen Group Inc. announced the signing of a definitive merger agreement whereby Sumitomo will acquire all outstanding shares of Edgen Group Inc. for US$12.00 per share in cash.

Outokumpu Introduces New Industrial Plan in Europe to Improve Financial Performance

01 October 2013 - Outokumpu announced plans for further structural changes in its European operations aimed at improving its financial performance and efficiency, and ultimately returning the company to profitability.

AK Steel Announces Price Increase for Carbon Steel Products

01 October 2013 - AK Steel said today that it has increased current spot market base prices for all carbon flat-rolled steel products.

U. S. Steel Introduces ACRYLUME E PLUS™ as New Member of the ACRYLUME® Family

01 October 2013 - United States Steel Corporation is pleased to announce the addition of a new high-quality, value-added product to its lineup of construction steels that supports green building design and practices, positively impacting these projects' environmental sustainability.

Cliffs Natural Resources Board Elects New Director

01 October 2013 - Cliffs Natural Resources Inc. announced that its Board of Directors has elected Stephen M. Johnson, 62, chairman, president and chief executive officer of McDermott International, Inc. to Cliffs Board.

AK Steel Files Trade Cases Against Non-Oriented Electrical Steel Imports

30 September 2013 - AK Steel has filed antidumping duty petitions charging that unfairly low-priced imports of non-oriented electrical steel (NOES) from six countries are causing material injury to the company.

Severstal North America Completes Restructuring of Senior Leadership Team

30 September 2013 - Severstal North America (SNA), one of the largest steel producers in the U.S. and a subsidiary of Severstal, a global steel and mining company, announced additional changes in its senior leadership team.

U. S. Steel Names New Senior Vice President—Human Resources and Administration

30 September 2013 - United States Steel Corporation announced that Susan M. Suver has advanced to senior vice president – human resources and administration effective 1 October, and will continue to report directly to chief executive officer Mario Longhi.

Siemens Modernizing Blast Furnace at Vizag Steel in India

30 September 2013 - Siemens Metals Technologies has received an order from the state-owned Indian Rashtriya Ispat Nigam Ltd. (RINL) to thoroughly modernize blast furnace No. 2 at the Visakhapatnam Steel Plant (Vizag Steel).

NLMK Group Brings in Strategic Investor for NLMK Europe

30 September 2013 - NLMK is proceeding with the restructuring of its European assets to further improve efficiency and optimize costs with an investment by SOGEPA (Société Wallonne de Gestion et de Participations S.A.), a Belgian state-owned company, in NLMK Europe.

Strategic Alliance Between ArcelorMittal and Sider Finalized for Algeria Investment

30 September 2013 - ArcelorMittal and Sider, an Algerian state-owned company, have finalized a strategic agreement including an investment plan of US$763m for a steel complex at Annaba and mines in Ouenza and Boukhadra.

Kobe Steel to Set Up Company in China to Produce Aluminum Sheet for Automobiles

30 September 2013 - Kobe Steel, Ltd. announces that it will establish a company in the Xiqing Economic-Technological Development Area in Tianjin, China, to produce aluminum sheet for automotive body panels.

POSCO to Export FINEX Steelmaking Technology Overseas for First Time

27 September 2013 - POSCO has signed a memorandum of agreement (MOA) with China’s Chongqing Iron and Steel Co. to construct a FINEX integrated steel works with an annual capacity of 3 million tons.

Superior Machine to Upgrade Nucor-Yamato's EAF

27 September 2013 - Superior Machine Co. of S.C., Inc. has been awarded the contract for the design, supply and installation of the upgrade of the Nucor-Yamato No. 2 furnace to a single bucket scrap charging practice.

Tenaris and Usiminas Work Together on the First Brazilian Ethanol Pipeline

27 September 2013 - Tenaris will supply 145 km of 20-inch pipes, produced from steel plates provided by Usiminas, a Brazilian steel provider, for the second phase of construction of the first Brazilian ethanol pipeline.

ArcelorMittal Welcomes President François Hollande to Florange

27 September 2013 - ArcelorMittal Atlantique et Lorraine welcomed President François Hollande to its Florange site on 26 September 2013.

Storage Dome Collapse at Nucor Steel Louisiana Delays Start-Up of DRI Facility

26 September 2013 - Nucor Corporation announced that on the afternoon of 25 September a storage dome collapsed at Nucor Steel Louisiana in St. James Parish. There were no injuries and no environmental impact. Nucor Steel Louisiana is finishing construction of its new direct reduced iron (DRI) plant on the site and had planned to begin production within a few weeks. Based on a preliminary assessment, the company is currently forecasting the start-up of operations to be delayed until the end of the year.

European Commission Urges Italy to Bring ILVA Steel Plant Up to Environmental Standards

26 September 2013 - The European Commission is taking action against Italy in an effort to reduce the environmental impact of the ILVA steel plant in Taranto, Europe's largest iron and steel works.

Vtorchermet NLMK Commissions New Shredder Which Will Improve Quality of Raw Materials for EAF Plant

26 September 2013 - Vtorchermet NLMK (part of NLMK Group), one of the largest scrap processing networks in Russia, has commissioned a new high-performance shredder at the Vtorchermet NLMK Center site in Podolsk.