20 June 2012 - China Nickel Resources Holdings is to invest US$1.8 billion in an Indonesian steel project called PT Batulicin Steel with local minority partner PT Jhonlin.

Essar Steel Algoma Secures Extension to Revolving Credit Agreement

20 June 2012 - Essar Steel Algoma Inc. announced it has entered into an amendment of its US$350 million revolving credit agreement. The revolving credit agreement originally matured on June 20, 2012 and the amendment provides for an extension to the maturity date to the earlier of September 20, 2012.

ThyssenKrupp VDM Obtains ASME Certification

19 June 2012 - ThyssenKrupp VDM was recently certified by the American Society of Mechanical Engineers as a reliable supplier of material for applications including pressure vessels and piping in the nuclear industry.

Sumitomo Metals Receives Prize for Innovation in Steel Plate

19 June 2012 - Sumitomo Metal Industries, Ltd. received the Nippon Keidanren Chairman’s Innovation Prize from the Japan Institute of Invention and Innovation for its innovation in steel plate that withstands fatigue crack.

Evraz Plans US$6 Billion Spend to Meet Global Steel Demand

19 June 2012 - Russian steel and mining group Evraz Plc set out plans for US$6 billion of capital spending through the next four years as it seeks to meet growing global demand for railways and pipelines, particularly in North America.

Tata Steel Proposes Increasing Stake in Tinplate Subsidiary

19 June 2012 - Indian steelmaker Tata Steel proposed increasing its stake in its subsidiary the Tinplate Company of India Ltd.by up to 14%.

Tata Steel Selects CA Technologies to Help Accelerate Innovation of New Steel Solutions

19 June 2012 - Tata Steel has chosen CA Technologies to help accelerate the innovation of new steel solutions to drive top-line growth.

Steel Dynamics Inc. Provides Second Quarter 2012 Earnings Guidance

18 June 2012 - Steel Dynamics Inc. provided second quarter earnings guidance somewhat lower than first quarter earnings primarily due to decreased sheet steel pricing attributable to supply-side pressures from increased imports and increased domestic steel capacity.

AK Steel Provides Second Quarter 2012 Guidance and Update on Magnetation LLC Joint Venture

18 June 2012 - AK Steel expects to generate positive net income in the second quarter of 2012, which would represent an improvement compared to its first quarter net loss. In addition, the company provided an update on its Magnetation LLC joint venture.

AK Steel Applauds WTO Decision That Chinese Duties Were Unjustified

18 June 2012 - AK Steel applauded the decision of a dispute settlement panel at the World Trade Organization that China had no legal basis to impose antidumping and countervailing duties on imports of grain oriented electrical steel from the U.S. beginning in December 2009.

Kloeckner Metals Announces New Light Gauge Flat Rolled Processing Facility

18 June 2012 - Kloeckner Metals announced it will build a light-gauge flat rolled processing center on the campus of ThyssenKrupp USA’s state-of-the-art carbon flat rolled mill in Calvert, Ala.

Thailand Drafts Law to Shut Mills Producing Substandard Steel

18 June 2012 - The Council of Ministers of Thailand approved a draft bill this past week that will allow the country's Ministry of Industry to shut mills that produce substandard steel. The new law will stipulate the type of raw materials to be used and ensure that the quality of products made in mills are in accordance with law.

Chengdu Plate Co. Develops Production of Thicker HDG Plate

18 June 2012 - Chinese steelmaker Chengdu Plate Co. announced it has developed production of 2.3 x 1250 mm hot-dip galvanized (HDG) plate.

Bekaert and Xinsteel Break Ground for New Plant in China

18 June 2012 - On May 28, Bekaert and Xinsteel broke ground for a new wire production plant in Xinyu, Jiangxi Province, China.

ArcelorMittal Commissions New Ladle Shop in Polish Facility

15 June 2012 - ArcelorMittal Poland has commissioned two new investments at its unit in Dąbrowa Górnicza – a Pulverized Coal Injection (PCI) into blast furnace No. 2 and a modernized sinter belt.

The Timken Company Board Elects Diane C. Creel as Director

15 June 2012 - The Timken Company's board of directors has elected Diane C. Creel, age 63, as a director of the company, for a term that expires at the company's annual meeting in 2013.

Commercial Metals Company Announces Sale Of Certain Croatian Pipe Mill Assets

14 June 2012 - Commercial Metals Company (CMC) announced the completion of the sale to an undisclosed and unaffiliated third-party of the assets related to the welded pipe mill and seamless pipe mill of CMC's former Croatian pipe mill, CMC Sisak d.o.o., for US$6.65 million. These assets were part of the assets excluded from the sale on June 1, 2012, of CMC Sisak to Industrielle Beteiligung SA.

ThyssenKrupp Stainless USA Names New Sales Director

14 June 2012 - ThyssenKrupp Stainless USA announced an additional director to its NAFTA commercial team. Stephen G. Davidson has joined the company’s sales and marketing group as an additional Sales Director based out of the Chicago, Ill. office.

Jindal May Cancel Bolivian Steel Project

14 June 2012 - India's Jindal Steel & Power (JSPL) said it was making plans to scrap a US$2.1 billion steel project in Bolivia, saying the Bolivian government had not met contract terms that include supply of natural gas for the project.

Nucor Announces Guidance for Its Second Quarter Earnings

13 June 2012 - Nucor Corporation announced guidance for its second quarter ending June 30, 2012. Nucor expects second quarter results to be in the range of US$0.35 to $0.40 per diluted share. This performance, excluding an expected impairment charge, is somewhat below the qualitative guidance presented in its first quarter earnings release and conference call.

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