Steel News

Arvedi Invests in Tube Production in Brazil

28 December 2012 - The Arvedi Group has started production in South America. At the end of July, the new Arvedi Metalfer do Brasil works produced the first steel tube with the Arvedi label.

Danieli Year in Review 2011-2012

27 December 2012 - On 20 October 2012, Danieli Group brought together corporate shareholders, customers, local authorities and financial analysts for the presentation of its 2011–2012 annual report. Chairman and CEO Gianpietro Benedetti presented Danieli’s financial and technological results for the previous fiscal year.

Krakatau Steel and Nippon Steel & Sumitomo Metal to Establish Joint Venture in Indonesia

27 December 2012 - Nippon Steel & Sumitomo Metal Corporation and PT Krakatau Steel have agreed to conduct a detailed study to jointly launch a business for the manufacture and sale of automotive flat steel products in Indonesia.

TMK Establishes Service JV in UAE

26 December 2012 - TMK, a global manufacturer and supplier of steel pipes for the oil and gas industry, has established a service joint venture with EMDAD in Abu Dhabi, the United Arab Emirates.

Chinese Company Orders Stretch-Reducing Mill and Groove Dressing Machine from SMS Meer

26 December 2012 - Changzhou ChangBao from Changzhou, Jiangsu Province, China, has placed an order with SMS Meer, Germany, for the supply of a new stretch-reducing mill, including automation system.

Mechel Reports Halting Production at Southern Urals Nickel Plant

25 December 2012 - Mechel OAO, a leading Russian mining and metals company, reports halting production at Southern Urals Nickel Plant OAO due to negative trends in the global nickel market and unfavorable forecasts for its recovery in the foreseeable future.

Severstal Announces Closing of the Transaction with Afferro Mining

25 December 2012 - OAO Severstal announced that the transaction between its indirect subsidiary Lybica Holding B.V. and Mano River Iron Ore Holdings Limited, a wholly owned subsidiary of Afferro Mining Inc., on purchasing a 38.5% minority interest in Severstal Liberia Iron Ore has been closed.

SP Bars from Ovako Deliver Increased Added Value for Component Producers

25 December 2012 - Utilizing advanced hot rolling technology across its steel grades Ovako can supply Special Properties (SP) bars that deliver increased added value and significant cost savings when used in subsequent manufacturing operations.

Deutsche Edelstahlwerke Operates First MEERgauge® from SMS Meer

24 December 2012 - Deutsche Edelstahlwerke (DEW) is operating the world’s first 3-roll block with hydraulic roll adjustment under load from SMS Meer.

European Steel Industry Cannot Work Under Future European Emissions Targets, Report Finds

24 December 2012 - Emission targets set by EU climate policies are unachievable for the European steel industry. This is the conclusion of study recently published by the European Commission’s Joint Research Centre (JRC).

Evraz Vitkovice Steel Plant Restart Slated for After the New Year

21 December 2012 - The re-start of the temporarily closed steel plant of EVRAZ VÍTKOVICE STEEL, a.s. has been set for 3 January 2013, provided that particular circumstances such as adverse weather conditions do not prevent it, the company announced.

World Crude Steel Production Rises 5% Year-on-Year

21 December 2012 - World crude steel production for the 62 countries reporting to the World Steel Association (worldsteel) was 122 million tonnes in November 2012, an increase of 5.1% compared to November 2011.

Klockner & Co. Sells Eastern European Operations as Part of Its Restructuring Program

21 December 2012 - As announced, Klöckner & Co is selling its entire Eastern European operations as part of its restructuring program. Activities in the Czech Republic, Bulgaria and Romania were sold in phase one. The sale of the remaining activities in Poland and Lithuania is expected to be completed in the first quarter of 2013.

ArcelorMittal to Record Non-Cash Impairment Charge in Q4 2012

21 December 2012 - ArcelorMittal announced it expects to write down the goodwill in its European businesses by approximately US$4.3bn.

Konecranes Announces Changes in Operational Model and Group Executive Board

21 December 2012 - Konecranes is simplifying its structure as of 1 January 2013 to further improve results accountability, clarity, speed, and cost efficiency. This will also change the composition of the group executive board.

NLMK DanSteel A/S Completes Rolling Mill Revamp

21 December 2012 - NLMK DanSteel A/S, a Danish rolling mill of NLMK Europe Plates, has started production at a new 4.2 m heavy plate stand, adding new products to the company’s portfolio.

B&W is now SAMSON Materials Handling Ltd.

20 December 2012 - B&W Mechanical Handling Ltd. will evolve into SAMSON Materials Handling Ltd. as of 1 January 2013.

Tenaris Announces Building of New Threading Facility in Ecuador

20 December 2012 - Tenaris announced the construction of a new threading facility for OCTG products in the town of Machachi in Ecuador. In its first phase, the investment will have a value of approximately US$15 million.

voestalpine Group Outlines Group Strategy Through 2020

20 December 2012 - The exchange-listed voestalpine Group has set ambitious goals up to the year 2020: With a clear focus on the customer segments Mobility and Energy and on non-European growth markets, and with profitability remaining at virtually at the same level compared to the last few years, sales are projected to soar from the most recent € 12.1 billion to approximately € 20 billion.

SMS Meer Supplies Six High-Speed Machines to Huitong Jincheng

20 December 2012 - The Chinese company Huitong Jincheng Precision Metal Manufacturing near Shanghai has ordered six drawing machines from SMS Meer – two with integrated chamfering machines. With these machines, Huitong Jincheng aims to meet the high demand for bright steel products in China.