Steel News

Siemens to Supply Rourkela with RH Vacuum Degassing Plant

17 August 2010 - Siemens VAI Metals Technologies has received an order from SAIL to supply an RH vacuum degassing plant to the Rourkela Steel Works in the state of Orissa. The new plant, which will enable production of high-quality steel grades up to cold-rolled non-oriented types, is scheduled to come into operation by mid-2012.

BlueScope Posts Profit, Declares Dividend

17 August 2010 - BlueScope Steel reported an A$192 million profit turnaround from the previous 12 months, delivering an A$126 million net profit after tax for FY2010. Directors have declared a 5 cents-per-share fully franked final ordinary dividend.

Corus to Rebuild Blast Furnace in Wales

17 August 2010 - Corus plans to invest £185 million into the No. 4 Blast Furnace at Port Talbot steelworks. The furnace will undergo a rebuild, starting in July 2012, that will equip it with technology to improve its safety, environmental performance, and reliability.

Posco Promotes Synergy among American Units

16 August 2010 - Posco recently hosted the Synergy Conference at the Posco-America headquarters in New Jersey in an effort to form a common ground for the steelmaker’s North and South American subsidiaries.

Corus to Produce Wind Tower Components in Teesside

16 August 2010 - Corus plans to construct a new £31.5-million manufacturing plant in Teesside to produce steel foundation structures, called monopiles, used to secure offshore wind turbines to the seabed. Preliminary engineering work is under way at the Corus Redcar site.

Ural Stal Orders Vacuum Degassing Plant from Siemens VAI

16 August 2010 - Siemens VAI Metals Technologies has received an order from the Russian Metalloinvest Holding to supply a new vacuum degassing plant to the JSC Ural Stal Works. The new plant is designed as a twin station with a capacity of 120 tonnes.

ThyssenKrupp Reports Nine-Month, Q3 Results for 2009/10

16 August 2010 - ThyssenKrupp reported that order intake and sales increased quarter-by-quarter, and in the first nine months of 2009/2010 were up from the prior-year period. Order intake increased by 8% to €30.6 billion for the first nine months, and sales were 1% higher at €31.1 billion.

Wipro to Transition ArcelorMittal Messaging to New Platform

13 August 2010 - Wipro Technologies enters five-year agreement with ArcelorMittal to consolidate and migrate its messaging systems to the Microsoft Exchange 2010 messaging platform.

NLMK Recognized as one of Russia’s Most Innovative Companies

13 August 2010 - Novolipetsk Steel celebrates the recognition of several of its projects under research conducted by Mediaholding Expert. As part of the research project, NLMK was also selected as one of the most innovative Russian companies.

Tata Steel Reports Q1 Profit

13 August 2010 - Tata Steel Limited reported 1,825 crores (US$ 393 million) profit after tax for the quarter ended June 30, 2010, an improvement of 4,034 crores (US$ 869 million) compared to a loss of 2,209 crores (US$ 476 million) in the company’s year-ago first quarter.

Corus to Upgrade Scottish Steelworks

12 August 2010 - Corus plans to invest £8 million at its Dalzell steel mill to help meet demand for heavy plate products. The company is also recruiting 60 workers at two plants following an upturn in orders.

CSN Reports Q2 2010 Results

12 August 2010 - Companhia Siderúrgica Nacional posted net income of R$894 million for the second quarter of 2010, an increase of 85%, or R$412 million, compared to Q1 2010. Net revenue totaled R$3.9 billion, up 22% compared to the first quarter, chiefly due to an 86% upturn in mining revenue. Steel revenue increased 8% in the same period.

voestalpine Appoints New Spokesman

11 August 2010 - Nikola Donig has been appointed as the new spokesman of voestalpine AG, effective from September 1, 2010. In this role, he will be the main point of contact for media within voestalpine’s group.

WorldVest to Amend Company Name

11 August 2010 - WorldVest, Inc. plans to amend its name to Iron Mining Group, S.A. The name change should be effected with FINRA in the next 30 days. The company also recently cleared all conditions for the acquisition of Chile Inversiones de Minerales, Ltda. and anticipates final closing before August 31, 2010.

ArcelorMittal South Africa Announces BEE Transaction with Ayigobi Consortium

11 August 2010 - ArcelorMittal South Africa has announced a broad-based Black Economic Empowerment (BEE) transaction to introduce a 26% BEE shareholding into its operations. The transaction facilitates participation by the Ayigobi Consortium and an Employee Share Ownership Plan for more than 8500 employees.

SAIL Commissions New Tension Leveling Line at Salem Steel Plant

10 August 2010 - Steel Authority of India Ltd (SAIL) celebrated this week the commissioning of a new 70,000 tonnes per annum tension leveling line at the company’s Salem Steel Plant, part of a comprehensive modernization plan.

Outotec Awarded Contracts for Karara Iron Ore Project

10 August 2010 - Outotec has been awarded orders for Australia's Karara Iron Ore Project that include the design, supply, delivery, and installation of the complete flotation circuit along with all filtration technology.

Gerdau Revenue Grows with Recovery of Markets

10 August 2010 - The recovery of global demand for steel has driven Gerdau’s consolidated gross revenues to R$ 9.5 billion in the second quarter of 2010, a 31% increase on the same period of 2009. Physical sales have reached 4.4 million tonnes, a volume 30% higher than that of Q2 2009.

Harsco Inks New Minerals Contract with Slovenia’s Acroni

09 August 2010 - Harsco Corp. is expanding into Slovenia under a new five-year Harsco Minerals contract with the Acroni d.o.o. steel mill, Slovenia’s largest steelmaking operation and Europe’s third largest producer of heavy stainless steel plates.

China Steel Celebrates Record Hot Strip Mill Throughput

09 August 2010 - The cumulative production of China Steel’s No.1 Hot Strip Mill exceeded 100 million tonnes in July 2010. One of the major projects accomplished in 1982 during the company’s Phase II Expansion Project, No.1 Hot Strip Mill currently achieves 4.0 million tonnes of annual production.