Steel News

Posco, Shell Sign Long-term Supply Deal for Off-shore Plants

11 October 2011 - Posco will be the sole steel plate supplier for various structures on all of Shell’s offshore plant projects through 2016 under a new long-term Enterprise Framework Agreement.

Ruukki to Adjust Production at Finnish Tube Mills

11 October 2011 - Responding to weakened market conditions, Ruukki Metals announces plans to adjust production and begin employer-employee negotiations at its tube mills in Finland.

Ruukki to Supply Frame, Envelope Structures for Market Structure in Finland

10 October 2011 - Kesko Corp., Finland, has contracted Ruukki for design, manufacture and installation of the frame and envelope structures for the new K-citymarket supermarket in Kauhajoki, Finland.

Rautaruukki Revises 2011 Earnings Guidance

10 October 2011 - Declining mill deliveries in the steel business and a reduced capacity utilization rate for the rest of the year have prompted Ruukki to lower its estimate for year-on-year sales growth to 15-20% from the previous estimate of 25%.

Commercial Metals Company Announces Restructuring Actions

10 October 2011 - Commercial Metals has announced a number of restructuring actions, including the closure or sale of its CMC Sisak mill in Croatia, additional workforce reductions, closure of five rebar fabricating locations, and rationalization of eight construction services locations.

Evraz Appoints New Vice President, Vanadium Assets

10 October 2011 - Evraz Group S.A. announced the appointment of Grigory Botvinovskyas Vice President, Vanadium Assets, succeeding Daniel Harris, who has retired.

NLMK to Acquire Electrical Steel Service Center in India

07 October 2011 - NLMK announced its acquisition of the National Laminations group, an electrical steel service center in India, for a total consideration of US$8 million.

Posco-Vietnam Hosts Employee Family Day

07 October 2011 - Posco-Vietnam recently hosted the first “Family Day” event of the year for its employees and their families. The company plans to organize the special event every month until the end of the year.

ThyssenKrupp Stahl-Service-Center Earns EN ISO 14001 Certification

07 October 2011 - This past summer TÜV NORD conducted the first official environmental audit at ThyssenKrupp Stahl-Service-Center’s new Krefeld site and its Radebeul branch near Dresden, which have been awarded the EN ISO 14001 certification for their environmental management system.

Evraz Stops Negotiations on Sale of Raspadskaya Stake

07 October 2011 - Evraz Group S.A. announces that high market volatility has prompted the company to discontinue its ongoing negotiations on the potential sale of its 40% indirect equity stake in Russian coal producer OAO Raspadskaya.

Tata Steel and Dutch Government Sign Green Deal

06 October 2011 - Tata Steel signed a new agreement with the Government in the Netherlands committing Tata Steel’s IJmuiden plant to further improvements in its sustainability performance. The three Green Deal projects will be carried out in IJmuiden’s blast furnaces, steel meltshop, and wide hot strip mill.

SAIL VISL Unit Sets Goal for Enhanced Market Share

06 October 2011 - Visvesvaraya Iron and Steel Plant (VISL), a unit of Maharatna Steel Authority of India Ltd. (SAIL), is targeting about a 9% share in the Alloys and Special Steels' market in the coming years.

Stainless Production Rises in First Half on Mixed Regional Performance

05 October 2011 - World stainless steel crude steel production increased 3.8% in the first half of 2011 vs. to the comparable year-ago period, according to preliminary figures recently released by the International Stainless Steel Forum.

Mechel Establishes Representative Office in Belarus

04 October 2011 - Mechel OAO announces the establishment of an official representative office in Minsk, the Republic of Belarus.

ZPSS Staff to Support Construction of Posco-Assan TST Cold Mill

04 October 2011 - Zhangjiagang Pohang Stainless Steel (ZPSS) dispatched five of its Chinese employees to Posco-Assan TST in Turkey in mid-September to help in the construction of the new cold-rolled stainless steel plant for 20 months.

Nippon, Kobe Start up Joint Venture Steel Mill Dust Recycling Plant

04 October 2011 - Nippon Steel and Kobe Steel announce the start of commercial operation for their joint venture steel mill dust recycling plant, Nittetsu Shinko Metal Refine Co., Ltd.

Posco Invites Local Students to Tour KOBRASCO

03 October 2011 - The Posco office in Rio invited 20 students and teachers from a Korean international school to the KOBRASCO premises in Vitoria, Esprito Santos. The visitors toured Tubarao, the world’s largest pelletizing complex, as well as the museums of Vale.

Rautaruukki to Enlarge its Corporate Executive Board

03 October 2011 - Ruukki has announced plans to enlarge its Corporate Executive Board in an effort to strengthen its market position by heightening the effectiveness of management decision-making and the implementation of those decisions.

ArcelorMittal Offers Tour of Secondary Dedusting Project in Argentina

03 October 2011 - Members of the Environment Office of the Province of Santa Fe, Argentina, recently visited ArcelorMittal’s Villa Constitución plant to learn more about its environmental project aimed at improving the efficiency of the canopy hoods and filters in the EAFs.

SMS Meer to Supply Casting Wheel for Metallo Chimique

30 September 2011 - Metallo Chimique N.V. in Beerse, Belgium, has placed an order with SMS Meer for the supply of a complete casting wheel plant for anodes, designed to produce 50 tonnes of anodes per hour.