17 August 2012 - Steel Dynamics Roanoke Bar Division is raising the price of reinforcing bar $30.00 per ton or $1.50/cwt effective with shipments 1 September 2012.

Mukand and Sumitomo Establish Joint Venture for Longs Processing in India

17 August 2012 - India’s Mukand Limited and Japan’s Sumitomo Corporation have agreed to establish a joint venture company for the secondary processing of specialty steel long products in India. Mukand will hold a 60% interest in the company and Sumitomo will hold the remaining 40%.

Ruukki Discusses Energy Efficiency as a Business Opportunity in the Steel Industry

17 August 2012 - Companies worldwide increasingly realize and acknowledge that sustainability is not merely a necessary means for maintaining and enhancing their reputation and corporate culture, but also presents numerous opportunities for driving business. In the steel industry, it poses a business opportunity for the manufacturer, but also for the customer and end-user.

Judge Approves Sale of RG Steel Assets

16 August 2012 - A federal bankruptcy judge in Delaware has approved the sale of assets of steelmaker RG Steel in Ohio and Maryland.

Gerdau Produces Steel Piece Weighing Over 100 Tonnes

16 August 2012 - Gerdau, at its operation in Spain, produced a steel part of over 100 tonnes for one of the largest manufacturers of industrial presses in the world.

NLMK Creates New Position of Executive Vice President

16 August 2012 - NLMK, a leading global steel company, announced the appointment of Oleg Bagrin, a Member of the Board of Directors and Chairman of the Strategic Planning Committee, to the newly created position of Executive Vice-President.

Gerdau Volunteer Olympics Benefits More than 76,000 People

16 August 2012 - With record numbers of participation of employees, the Gerdau Volunteer Olympics benefited 76,000 people this year in nine countries where the company operates.

China Gerui Advanced Materials Group Announces Second Quarter 2012 Results

15 August 2012 - China Gerui Advanced Materials Group Limited, a high precision cold rolled steel producer in China, achieved reasonable revenue and cash flow generation in the second quarter despite a weak pricing environment and challenging domestic market conditions.

Outokumpu Tornio Receives Environmental Permit Enabling Commissioning of Ferrochrome Extension

15 August 2012 - The Regional Administration of Northern Finland (PSAVI) has granted the Outokumpu Tornio site an environmental permit for its operations. The permit will enable the commissioning of the extension to the ferrochrome production capacity already under construction in the autumn of 2012 as planned.

ALJ Regional Holdings Reports Third Quarter Results

15 August 2012 - ALJ Regional Holdings, Inc., parent company of Kentucky Electric Steel, announced revenue of $42.1 million and net income of $2.52 million for its fiscal third quarter ended 30 June 2012.

Alabama Environmental Agency to Fine ThyssenKrupp Steel USA

15 August 2012 - The Alabama Department of Environmental Management is proposing to issue a fine to ThyssenKrupp Steel USA for several safety violations.

Keystone Reports Second Quarter Operating Results

14 August 2012 - Keystone Consolidated Industries, Inc. reported operating income before pension and other postretirement benefit (OPEB) credits for the second quarter of 2012 of $8.8 million, as compared to $10.0 million in the second quarter of 2011.

New Millennium Iron Announces $12.8 Million Investment by Tata Steel Minerals Canada

14 August 2012 - Tata Steel Minerals Canada Ltd, a joint venture between Tata Steel and New Millennium Iron Corp., has signed an agreement with the Sept-Îles Port Authority providing TSMC with access to a minimum of 5 million tonnes of annual shipping capacity from the new multi-user deep water dock facility to be located in the Bay of Sept-Îles at Pointe Noire, an ideal location for year round shipping in large ore carriers to Tata Steel’s European plants.

Evraz Resumes Operations of Evraz Highveld in South Africa

14 August 2012 - EVRAZ plc announced the restart of operations at EVRAZ Highveld Steel and Vanadium in South Africa which had been temporarily suspended as a result of an industrial action announced by EVRAZ Highveld’s largest union NUMSA at the end of July.

New Structural Plant Will be Built by Gerdau Corsa in Mexico

14 August 2012 - Gerdau is resuming a R$1.1 billion project to build a new plant in Mexico through its joint venture with Gerdau Corsa.

Essar Steel Algoma Reports Positive EBITDA

13 August 2012 - Essar Steel Algoma reported positive EBITDA of $54.6 million and a net loss of $7.2 million for the three month period ending 30 June 2012 on shipments of 644,844 tons.

ThyssenKrupp Says It Will Reduce Workforce

13 August 2012 - ThyssenKrupp Steel USA said on 13 August that it will reduce the current workforce of its Calvert, Ala., plant by 197, of which 143 are hourly positions.

Jemison Demsey Mulls New Alabama Plant

13 August 2012 - Flat-rolled steel processor Jemison Demsey Metals has received tax abatements to build a $28.1 million facility in the Decatur, Ala., area.

ThyssenKrupp Reports Results for First Nine Months of Fiscal Year

13 August 2012 - Low volumes and prices in ThyssenKrupp's materials business caused declines in orders from continuing operations and sales as the German company reported its earnings results for the period 1 October 2011 to 30 June 2012.

ThyssenKrupp Steel Europe Finds New Owner for Construction Activities

13 August 2012 - In October 2011, the Executive Board of ThyssenKrupp Steel Europe decided to divest the company’s business with high-quality steel products for the construction industry; a purchase and sale contract for the Construction Group has now been agreed with Kingspan.

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