Steel News

MSCI: Service Center Growth Accelerates in March

16 April 2014 - Growth in shipments returned to healthy levels for steel and aluminum in both the U.S. and Canada, the Metals Service Center Institute (MSCI) said in its latest report.

Varsteel Purchases Herr-Voss Stamco ELT Enhanced Leveling Technology

16 April 2014 - Herr-Voss Stamco recently received an order from Varsteel Ltd. of Lethbridge, Alta., Canada, for an Enhanced Leveling Technology (ELT®) retrofit. This new enhancing leveler will process material up to .500” x 96” wide.

GrafTech Announces Engineered Solutions Leadership Change

16 April 2014 - GrafTech International Ltd. announced that Lionel Batty, age 54, has been named president of engineered solutions.

Dongbei Special Steel Commissions Radial Forging Machine from SMS Meer

15 April 2014 - Dongbei Special Steel has put an SMS Meer hydraulic radial forging machine with two forging manipulators in operation at its works in Dalian, Liaoning Province, China.

Outotec to Deliver Iron Ore Pelletizing Technology to India

15 April 2014 - Outotec received an order from a customer in India for the design and delivery of an iron ore pelletizing plant to be constructed in northeast India.

Olympic Steel Names Vice President, Sales and Marketing – Flat Rolled

15 April 2014 - Olympic Steel Inc. announced the promotion of Stephen Reyes to vice president, sales and marketing – Flat Rolled.

NLMK Improves Logistics of Electrical Steel

15 April 2014 - NLMK Group, a producer and exporter of steel products in Russia, is growing the share of container deliveries of transformer steel coils in its total export supplies of this product.

AK Steel Announces Stainless Steel Price Increase

15 April 2014 - AK Steel will increase prices for all of its stainless steel products, effective with shipments on 4 May 2014.

Kardemir Orders Bar and Wire Rod Mill from SMS Meer

14 April 2014 - Karabük Demir Celik (Kardemir) from Karabük, Turkey, has placed an order with SMS Meer for the supply of a special bar quality (SBQ) rolling mill for the production of surface-quenched and tempered rebars, straight bars, wire rod and bar in coils.

worldsteel Calls for Industry-Wide Safety Audit

14 April 2014 - The World Steel Association (worldsteel) is calling for an industry-wide safety audit across the steel industry on the occasion of the Steel Safety Day on 28 April.

Outokumpu Cautiously Optimistic; Sees Modest Improvement in Underlying Market Demand

14 April 2014 - In his review at the company's annual general meeting on 14 April, CEO Mika Seitovirta presented Outokumpu’s results and market environment in 2013 as well as the measures Outokumpu has taken to improve its financial position and profitability.

Konecranes Appoints New Executive Vice President, Head of Business Area Equipment

14 April 2014 - Ryan Flynn is returning to Konecranes Plc and has been appointed executive vice president and head of Business Area Equipment.

Mechel Increases Coal Supplies to China's Baosteel Corp.

14 April 2014 - Mechel OAO announced that its contract with China's Baosteel Resources, which provides for an increase of coal supplies to 1.2 million metric tons of coking coal a year, has been prolonged.

TPC Wire & Cable Develops Super-Trex® Basket-Crane Cable

14 April 2014 - TPC Wire & Cable Corp., a supplier of wire, cable and connectors, has introduced a new product to its Super-Trex® family of cables.

Carpenter Technology Provides Update on Expected Third Quarter Earnings

11 April 2014 - Carpenter Technology Corp. said weather-related expenses in the first quarter of the year were roughly double what it expected, negatively impacting earnings.

U.S. Steel Mill Shipments Dropped in February 2014

11 April 2014 - The American Iron and Steel Institute (AISI) reported that for the month of February 2014, U.S. steel mills shipped 7,618,380 tons of steel.

Allor Manufacturing Announces North American Distributorship of Royal Purple Lubrication Products

11 April 2014 - Allor-Plesh, a provider of engineered conveyor chain, levelers and specialty bearings, has partnered with Royal Purple to exclusively distribute Royal Purple lubrication products to the North American steel industry.

Mitsubishi-Hitachi Metals Machinery Names New President

11 April 2014 - Mitsubishi-Hitachi Metals Machinery Inc.’s (MH) executive vice president Ryoichi Nishi was inaugurated on 1 April 2014 as the company’s new president.

Metinvest Announces Results for Full Year 2013

11 April 2014 - Metinvest B.V., the parent company of a vertically integrated group of steel and mining companies, announced its audited consolidated financial results for the 12 months ended 31 December 2013.

U. S. Steel Tubular Products, MRC Global, NAWAH Form Consortium to Service Burgeoning Iraq Oil & Gas Market

10 April 2014 - North America Western Asia Holdings (NAWAH), U. S. Steel Tubular Products, a subsidiary of United States Steel Corporation, and MRC Global Inc. have announced an alliance to bring critical oil well equipment into the natural resources-rich region of southern Iraq.