Steel News

Rautaruukki and Ruukki Group Settle Name Dispute

03 May 2013 - Rautaruukki Corporation (Ruukki) and Ruukki Group Plc have settled their name dispute. Consequently Ruukki Group is to change its names. Ruukki Group is to assign all its rights to the Ruukki name and Ruukki trademark to Rautaruukki.

New Reversing Cold Mill Launched at Starcore in Thailand

02 May 2013 - Esmech Equipment Pvt. Ltd., an Indian joint venture partner of SMS Siemag, has successfully put into operation the new reversing cold mill at Starcore Co. Ltd. in Rayong, Thailand.

RHI Acquires Additional 26% in Orient Refractories Through Public Offer

02 May 2013 - RHI has acquired another 26% of shares of Orient Refractories Ltd.

Bahru Stainless Puts 20-Roll Millstand from SMS Siemag into Operation

01 May 2013 - The first strip was successfully rolled on the new 20-roll cold-rolling stand at Bahru Stainless SDN BHD in Johor Bahru, Malaysia.

Mechel Signs Supply Agreement with POSCO

01 May 2013 - Mechel's mining division trading subsidiary Mechel Carbon (Singapore) Pte. Ltd. has signed a three-year contract with South Korea's POSCO Corporation for supply of coking coal.

Konecranes Listed as One of the Best Companies for Leaders

01 May 2013 - For the second consecutive year, Konecranes has been named to Chief Executive’s list of 40 Best Companies for Leaders.

Cliffs Natural Resources' Leader says Company is 'Headed in the Right Direction'

01 May 2013 - As the company reported its first quarter earnings results, Cliffs Natural Resources' chairman, president and CEO Joseph Carrabba said the company in headed in the right direction and anticipates the end markets for its products to remain healthy.

SSAB Foresees Weak Growth in Europe, a Slow Recovery in the U.S., and Continued Solid Demand in Latin America

01 May 2013 - SSAB said the first quarter of the year was characterized by a degree of restocking by customers, which had a positive impact on the company's volumes within all business areas.

U. S. Steel Posts $73 Million Net Loss in First Quarter

30 April 2013 - As it reported its first quarter earnings, U. S. Steel projected flat-rolled market conditions in North America for the second quarter to be comparable to the first quarter.

Outukumpu Reports Quarterly Results in Challenging Stainless Steel Market

30 April 2013 - For the second quarter, Outokumpu expects sequentially flat or slightly lower delivery volumes, weaker product mix and increased uncertainties from the nickel price development to be partially offset by the positive effects of its Ferrochrome and Calvert ramp-ups.

ArcelorMittal Ostrava to Supply Tubes for Water Conduit Project in France

29 April 2013 - ArcelorMittal Tubular Products Ostrava in the Czech Republic has concluded an important contract worth several tens of millions crowns for supplies of water tubes with polypropylene coating for an extensive project of construction of drinking water conduit in the north of France.

Edgen Group Names Senior Vice President, Americas for Edgen Murray

29 April 2013 - Edgen Group Inc., a global distributor of specialty steel products and services for the energy and infrastructure markets, has named Dan Keaton senior vice president, Americas for its Edgen Murray brand.

Georgian American Alloys Acquires Georgian Manganese

26 April 2013 - In a cross-border merger, Miami, Fla.-based Georgian American Alloys, a manufacturer, supplier and trader of ferroalloys, announced that it has acquired 100% ownership interest in Georgia-based Georgian Manganese and Vartsikhe 2005, the country’s top producer and exporter of standard and high-grade silicomanganese.

China Gerui Advanced Materials Announces Increase in International Customers

26 April 2013 - China Gerui Advanced Materials Group says it has made steady progress in marketing internationally, with three customers placing regular commercial orders for its high-end and narrow-strip steel and three additional customers currently engaged in trials with the company's specialized products.

Ruukki to Grow Its Special Steels Business and Reorganize Its Construction Business

25 April 2013 - Rautaruukki is accelerating its change into a company specializing in steel construction and special steels and is also reorganizing its structure.

Sutor Wins Two Bids for Water Transmission Pipeline Projects

25 April 2013 - Sutor Technology Group's subsidiary Ningbo Zhehua Heavy Steel Pipe Manufacturing Co. has won two contracts to supply approximately 4,700 tonnes of spiral seam steel pipes for two water transmission pipeline projects in Fujian Province.

ArcelorMittal Hosts 7th Global Health and Safety Day

25 April 2013 - ArcelorMittal, the world's largest steel and mining company, hosted on 25 April 2013 its seventh annual Health and Safety Day at its sites globally.

Outokumpu Proceeds with Efficiency Measures Which Will Results in Job Reductions

25 April 2013 - As part of its intention to significantly reduce its operating expenses and return the company to profitability, Outokumpu has announced plans that are expected to result in job reductions.

Outotec, Severstal Join Initiative to Establish Industrial Waters Center in Russia

25 April 2013 - Outotec is collaborating with OAO Severstal, Kemira and Lahti Region Development LADEC Ltd in establishing the Industrial Waters Excellency Center (IWEC) with its main training venue at Severstal's mill in Cherepovets to address issues related to industrial water consumption in Russia.

SteelBenchmarker: Global HRB Prices Continue Downward

24 April 2013 - The bi-monthly SteelBenchmarker™ World export HRB price fell 2.2% to $573 per tonne, FOB the port of export, for the fourth consecutive time.