Steel News

Salzgitter-Group Announces Strong First Quarter of 2015

04 May 2015 - In the first quarter of the financial year 2015 the Salzgitter Group generated external sales of € 2.3 billion, reflecting a stable performance over the previous quarter, and posted a pre-tax profit of € 51.8 Mio. (first quarter of 2014: € –8.7 million).

Konecranes PLC - Interim Report January–March 2015

01 May 2015 - Strong order intake, service result continued to improve,equipment result weak.

Outokumpu Reports EUR 2 Million Underlying EBIT for the First Quarter of 2015

01 May 2015 - Outokumpu reported underlying EBIT of EUR 2 million versus EUR -9 million in the fourth quarter of 2014. The improvement in profitability was driven by higher volumes and steady performance in Coil EMEA, whereas Coil Americas’ performance was disappointing.

Ovako Releases Interim Report for First Quarter 2015

30 April 2015 - • The quarter began with weak order intake, which gradually improved. Order intake was 10 percent lower than in the strong first quarter of 2014 • Sales volumes were impacted by the weak order intake at the end of last year and decreased by 8 percent compared with the first quarter of 2014. An improved sales mix limited the decrease in revenue to 7 percent • Operating profit before depreciation and amortisation (EBITDA) amounted to EUR 27 (30) million and operating profit (EBIT) amounted to EUR 17 (18) million • Cash flows from operating activities amounted to EUR -5 (5) million • Steel and metals distributor Ovako Metals Oy Ab (formerly Tibnor Oy) in Finland was acquired on March 31 which has lead to a 3 MEUR positive one-off effect on operating profit

Mechel Reports 2014 Operational Results

30 April 2015 - Mechel OAO, one of the leading Russian mining and metals companies, announced its 2014 operational results.

Stainless Tube Imports From Asia Continue Massive Surge

30 April 2015 - Imports of seamless stainless steel tube from China and Japan continue to surge into the United States market at a rapid pace, according to the Stainless Steel Tube Trade Advancement Committee (SSTTAC).

Usiminas Releases 1Q15 Results

29 April 2015 - The main operational and financial indicators were: • Steel sales volume of 1.3 million tons; • Iron ore sales volume of 1.1 million tons; • Consolidated Adjusted EBITDA of R$379.5 million and Adjusted EBITDA Margin of 14%; • Working Capital on 03/31/15 of R$2.7 billion; • Investments of R$232.3 million.

voestalpine Stahl GmbH to Use Robots From Primetals Technologies in Its Converter Steel Works

29 April 2015 - • Robot systems to manipulate the probes on the three converters. • Higher sublance availability and greater safety at work. • Measuring probes in exchangeable containers simplify probe handling.

AIC Successfully Completes a Notable Revamping Project in Acindar, Arcelor Mittal Group

29 April 2015 - AIC has successfully accomplished a main revamping project in Acindar, part of Arcelor Mittal group, at Tren Bonelli in San Nicolas - Argentina, during the main shutdown in last February.

ArcelorMittal Publishes 2014 Annual Review and Fact Book

29 April 2015 - ArcelorMittal, the world’s leading steel and mining company, has published its 2014 annual review and fact book on a dedicated website.

Steel Safety Day 2015 – Lock Safety In!

28 April 2015 - Today, the steel industry marks the second Steel Safety Day. Established in 2014, the initiative encourages steel companies around the world to participate in the industry-wide safety audits on the five most common causes of injury in the steel industry.

Outotec's Interim Report January-March 2015

28 April 2015 - Outotec's Interim Report shows good growth in orders and service sales.

Klesch Group Invests in Trentino (Italy) Steel Plant

28 April 2015 - The Swiss multinational company, owned by Gary Klesch, bought out Borgo Valsugana’s steel plant, aiming at re-launching its production.

Harsco Begins Multi-Year Contract to Support India's Largest Stainless Steel Producer

27 April 2015 - Diversified global industrial company Harsco Corporation announced it has begun its previously announced multi-year contract to provide onsite material processing services to India's largest stainless steel producer, Jindal Stainless Limited (JSL).

Anglo American's Chief Executive, Mark Cutifani, Addresses Shareholders at 2015 Annual General Meeting

27 April 2015 - Anglo American plc held its Annual General Meeting for shareholders in London on the 23rd of April. Mark Cutifani, Chief Executive, made the following remarks.

Duplex Outperforms Mild Steel in Bridge Lifecycle Analysis

27 April 2015 - The use of duplex stainless steel in the construction of the new Myllysilta bridge in Finland generated significant environmental benefits over the alternative mild steel option, including a 62% reduction in global warming potential, a new lifecycle analysis study has concluded.

POSCO to Construct Iron Manufacturing Plant in Turkmenistan Valued at $1 billion

27 April 2015 - POSCO Group will construct an iron manufacturing plant in Turkmenistan. Daewoo International signed a MOU for the construction project of the iron manufacturing plant for producing reinforced steel and pipe with a value of 1 billion dollars with the Ministry of Industry of Turkmenistan while attending the summit of both Korea and Turkmenistan on April 13th.

Oerlikon’s Drive Systems Segment Inaugurates Third Plant in India

24 April 2015 - Oerlikon’s Drive Systems Segment inaugurates its third plant at Sanand in Gujarat, India. This is the 10th production facility for the Segment globally.

EU Recovery on a More Solid Footing — Risks Still Loom

24 April 2015 - The slight improvement in GDP growth in Q4-2014 combined with the recent uptrend in economic indicators bode well for a more broad-based gain in economic momentum in the EU. The weaker Euro and low oil price will provide a major boost to domestic demand and exports.

Shandong Iron and Steel Group Acquires Remaining Stake in Tonkolili Iron Ore Project

24 April 2015 - Shandong Iron and Steel announces that it has acquired the 75 per cent stake in the Tonkolili Iron Ore mine in Sierra Leone it does not already own.