Steel News

Kobe Steel, Anshan Steel to Consider Automotive Steel Sheet JV in China

28 September 2011 - Kobe Steel has signed a nonbinding letter of intent with China's Anshan Iron and Steel Group to explore a possible joint venture in China for the production of cold-rolled advanced high strength steel sheet for automobiles.

ArcelorMittal Commences Iron Ore Production in Liberia

28 September 2011 - ArcelorMittal held a launch event this week to celebrate the commencement of commercial iron ore production from its mining operations in Liberia. The company aims to ship four million tonnes of iron ore from Liberia each year beginning in 2012.

POS-GSFC Joins oil Storage Tank Project in Abu Dhabi

28 September 2011 - Posco P&S subsidiary POS-GSFC, UAE, recently joined an oil storage tank construction project underway in Abu Dhabi under the IRP-2 (Inter Refinery Pipelines-Phase2 PKG2) Project.

Ruukki to Provide Steel Frame for House of Travel and Transportation

27 September 2011 - Ruukki has been contracted to manufacture and install the steel frame for the House of Travel and Transportation office premises that will be built at Helsinki-Vantaa Airport.

Posco Acquires Shares in Pakistan’s Tuwairqi Steel Mill

27 September 2011 - Posco has signed a deal to acquire 15.34% of the shares in Tuwairqi Steel Mill (TSML), a Pakistani steelmaker.

ArcelorMittal Kryvyi Rih Restarts Overhauled Sinter Machine

27 September 2011 - PJSC ArcelorMittal Kryvyi Rih recently put into operation the overhauled sinter machine #5 in its steel production sinter shop.

Rautaruukki to Supply Steel Structures for Mill in Poland

26 September 2011 - Rautaruukki will supply the steel structures for a paper mill being built in Ostroleka, Poland. The project includes the manufacture and installation of the steel frame for the paper mill and warehouse.

Outokumpu Signs Final Agreement with Tubinoxia on Tubular JV

26 September 2011 - Outokumpu and Tubinoxia, an Italian company controlled by Andrea Gatti, have signed the agreement on the joint venture (JV) for Outokumpu's tubular unit (OSTP). Tubinoxia will become a minority owner of OSTP with an option to become a majority owner in three years.

SAIL Chairman Says Company is Poised for Growth

26 September 2011 - C.S. Verma, Chairman of Maharatna Steel Authority of India Limited (SAIL), believes that the Indian steel industry is poised for greater growth. As a result, SAIL plans to continue its focus on capacity addition.

Siemens Receives Third Finex Order from Posco

26 September 2011 - Siemens VAI Metals Technologies received an order from Posco Engineering & Construction for the engineering and the supply of proprietary equipment for a Finex 2.0M plant, which is scheduled for completion in mid-2013.

Dillinger Hütte to Construct Monopile Plant on North Sea

23 September 2011 - Dillinger Hütte is investing €135 million to build a plant that will manufacture offshore monopile foundations from thick-walled structural tubulars. It is expected to begin operation in 2014.

Siemens VAI to Upgrade Badische Stahlwerke Wire Rod Rolling Line

23 September 2011 - Badische Stahlwerke GmbH, at Kehl, Germany, has selected Siemens VAI to modernize the automation system of the two-strand wire rod mill, and to install two new rod outlets. The project will be carried out in three phases from 2011 to 2014 during scheduled annual shutdowns.

NLMK Commissions Revamped Continuous Caster at Lipetsk

23 September 2011 - NLMK has successfully cast the first slabs on the newly revamped 2.5 million tonne/year continuous casting machine at the company’s main production site in Lipetsk.

Nippon Steel, Sumitomo Metal Industries Enter Master Integration Agreement

23 September 2011 - Nippon Steel Corp. and Sumitomo Metal Industries have entered into a Master Integration Agreement in preparation for the integration of their businesses in October 2012.

LOI Thermprocess to Supply HPH Bell-Type Annealing Plant for NLMK

23 September 2011 - NLMK has awarded a contract to LOI Thermprocess for the supply of a new HPH (High Performance Hydrogen) bell-type annealing plant.

Tenova LOI Italimpianti to Supply Galvanizing Technology for ELSI Stalkonstruktsiya

22 September 2011 - ELSI Stalkonstruktsiya has awarded a contract to LOI Thermprocess for engineering services, equipment and systems for a new hot-dip galvanizing plant.

ArcelorMittal Iasi Commissions New Cold Mill

22 September 2011 - The Tubular Products Division of ArcelorMittal has commissioned a new 120,000 tonne/year cold formed mill in their Iasi, Romania facility.

Vale Starts up Tecnored Demonstration Plant

22 September 2011 - Tecnored Desenvolvimento Tecnológico S.A., a Vale company, in partnership with Brazil's development bank, BNDES, and Logos Tecnocom, has started up the first pig iron demonstration plant that does not use traditional blast furnace methods, in Pindamonhangaba, São Paulo state.

Tata Steel to Supply Rail for New High-Speed Track in France

22 September 2011 - Tata Steel has secured an order to supply 84,000 tonnes of high-quality rail for a new high-speed track between the French cities of Bordeaux and Tours.

August 2011 World Crude Steel Production Dips 2.3% vs. July

21 September 2011 - World crude steel production for the 64 countries reporting to the World Steel Association stood at an estimated 124.59 million tonnes for August 2011, 2.3% lower than the 127.48 million tonnes reported for the previous month (July 2011) and 9.8% higher in comparison with August 2010.