Steel News

METALLOINVEST Announces Second Quarter Operational Results

02 August 2013 - METALLOINVEST, a Russia-based iron ore and HBI producer, announced its operational results for the second quarter of 2013.

OAO Severstal Announces Management Structure Optimization

02 August 2013 - Further to the management and organizational changes announced by OAO Severstal on 15 July, the company announces further changes to optimize its management structure in order to achieve its stated goals of improving efficiency and reducing costs.

Siemens AG Announces Changes in Leadership

02 August 2013 - Joe Kaeser, chief financial officer (CFO) of Siemens AG since 2006, has been designated the new president and CEO of Siemens AG, effective 1 August 2013. A new CFO will be appointed very shortly. The current CEO Peter Löscher resigned his position and is leaving the Managing Board of Siemens AG by mutual consent. These changes were unanimously approved by the Supervisory Board of Siemens AG.

Severstal Upgrading Cherepovets Steel Mill's Cold Rolling Mill

01 August 2013 - The Cherepovets Steel Mill, a major integrated steelmaker and part of the Russian Steel division of OAO Severstal, one of the world’s leading steel and steel-related mining companies, announced that it is to upgrade its 4−stand cold reduction mill to improve product quality, reduce costs and increase output.

EVRAZ Gives Second Quarter 2013 Production Report

01 August 2013 - EVRAZ plc released its operational results for the second quarter of 2013, noting that its key steelmaking facilities in Russia and North America continued operating at high utilization rates during the quarter.

Gerdau's Steel Shipments Grew Quarter-on-Quarter But Down Year-on-Year

01 August 2013 - Brazil-based Gerdau reported that shipments of steel products reached 4.6 million tonnes in the 2Q13, a 3% reduction when compared to 2Q12, however an increase of 1.7% compared to 1Q13.

Mechel Disposes of Several Ferroalloy Assets

01 August 2013 - Mechel OAO announced the signing of an agreement for the sale of several ferroalloys assets to Turkey's Yildirim Group.

AK Steel Comments on China's Failure to Implement WTO Rulings in Electrical Steel Case

01 August 2013 - AK Steel said it will request that the U.S. Government seek WTO authorization to impose retaliatory tariffs against certain imports from China until China comes into compliance by revoking the antidumping and countervailing duty measures on grain oriented electrical steel from the U.S.

NLMK Installs Pulverized Coal Injection System

01 August 2013 - NLMK has started hot testing pulverized coal injection (PCI) into its blast furnaces at its main production site in Lipetsk, Russia.

Severstal's Cherepovets Mill Delivers Record Production of Galvanized Color-Coated Steel

31 July 2013 - The Cherepovets Steel Mill, one of the world’s largest integrated steel mills and part of the Russian Steel division of OAO Severstal, announced that it delivered record production of more than 38,000 tonnes of galvanized color-coated steel in June.

Sale of ThyssenKrupp Tailored Blanks to WISCO Completed

31 July 2013 - The sale of ThyssenKrupp Tailored Blanks to Wuhan Iron and Steel Corporation (WISCO) of China has been completed.

New Hamilton Caster Carries Up To 5 Tons

31 July 2013 - Hamilton Caster, the premier manufacturer of heavy duty industrial casters, is pleased to announce a new 5 ton caster series.  The new Enhanced Precision Super Duty (EPSD) Series is well suited to handle the rigorous applications found in the heavy manufacturing industry.  

EVRAZ Suspends Operations at EVRAZ Palini e Bertoli Mill in Italy

30 July 2013 - EVRAZ plc announced that due to unfavorable market conditions it has been decided to temporarily suspend operations at the EVRAZ Palini e Bertoli plate mill in Italy starting from 20 August 2013.

Fives Completes Acquisition of MAG Americas

30 July 2013 - With this strategic acquisition, Fives becomes one of the global leaders in high-precision machine tools, used to manufacture large complex equipment and high performance composite processing machines.

Alloy Steel International Advises Changes to CEO and Board

30 July 2013 - Alloy Steel International, Inc. announced that all directors were re-elected at the company's 2013 AGM held on 28 June 2013. Mr. Gene Kostecki advised the Board that he is resigning as CEO and technical director with immediate effect to allow him to pursue other interests.

Midrex and JSW to Convert DR Plant to Use Coke Oven Gas

29 July 2013 - Midrex Technologies and JSW Steel have announced the signing of a contract to modify the existing MIDREX® direct reduction plant located at JSW-Dolvi Works to utilize coke oven gas to supplement its natural gas supply for production of direct reduced iron.