Steel News

Sutor Technology Group Receives High Tech Enterprise Status and Preferred Tax Rate

21 October 2013 - Sutor Technology Group Limited, a China-based non-state owned manufacturer and distributor of high-end fine finished steel products and welded steel pipes used by a variety of downstream applications, announced the Jiangsu provincial government has renewed the High Tech Enterprise status of the company's wholly-owned subsidiary, Changshu Huaye Steel Strip Co., Ltd..

Steel Companies Attend AIST Funded Steel Day at Michigan Tech

18 October 2013 - Contrary to popular belief, the death of the steel industry has been greatly exaggerated. In fact, steel is booming, more than 200 Michigan Technological University students who gathered to talk with industry leaders learned at Michigan Tech’s first annual Steel Day, held earlier this week.

Butech Bliss to Build Synergy Hydraulic Roller Leveler for Lane Steel

18 October 2013 - Lane Steel has selected Butech Bliss to design, engineer, manufacture and install its new state-of-the-art Synergy™ Hydraulic Roller Leveler to its existing cut-to-length line.

Fifth Annual SteelDay Draws Attendance of More Than 10,000 People

18 October 2013 - More than 10,000 people attended 125 free events around the U.S. on 4 October 2013 in celebration of the structural steel industry’s fifth annual SteelDay, hosted by the American Institute of Steel Construction (AISC), its members and partners.

CRU Successfully Completes Audit of U.S. Midwest Steel Price Indices

18 October 2013 - The third-party audit of CRU's weekly U.S. Midwest hot rolled coil, cold rolled coil, hot-dipped galvanized coil and plate price indices — the most widely used carbon steel indices in the world — has been completed.

ATI and Boeing Extend and Expand Long-Term Titanium Supply Agreement

18 October 2013 - Allegheny Technologies Inc. has extended its long-term titanium products supply agreement with The Boeing Company.

Alacero Announces Finalists of 6th Steel Design Contest for Students

18 October 2013 - The nine participating countries of the 6th Steel Design Contest for Students of Architecture 2013 have already selected their local winners.

Moffitt Fan Corp. Celebrates 20th Anniversary

18 October 2013 - Moffitt Fan Corp. is celebrating its 20th anniversary this month. For two decades Moffitt Fan has been manufacturing industrial ventilation equipment including natural ventilators, wall louvers, fans, and more from their 50,000 square foot facility in LeRoy, N.Y.

China Precision Steel Announces Fiscal 2013 Year End Results

18 October 2013 - China Precision Steel, Inc., a niche precision steel processing company principally engaged in producing and selling high precision, cold rolled steel products, announced its financial results for the fiscal year 2013 ended 30 June 2013.

Grieve Installs New Pit Furnace for Heat Treating for Customer

18 October 2013 - The Grieve Corp. announced a new No. 943 furnace, an electrically-heated, 2000°F top-loading pit furnace from Grieve, is currently being used on a variety of heat treating applications at a customer’s facility.

ArcelorMittal Aktau Scoops Industry Award at the KazEnergy Forum

18 October 2013 - ArcelorMittal’s Aktau tubular plant has won the “Kazakh Content Project of the Year” award during the recent KazEnergy Forum, becoming the first non-oil and gas company to be recognized at the annual event.

Danieli and Friedrich Kocks to Supply Equipment for Benteler's Tube Mill in Louisiana

17 October 2013 - Benteler announced Danieli will supply a new turnkey seamless tube mill and Friedrich Kocks will supply essential parts of the hot rolling mill for its new facility in Shreveport, La.

Kobe Steel and Angang Steel Sign Agreement for Automotive Sheet Joint Venture in China

17 October 2013 - Kobe Steel and China’s Angang Steel Co., a subsidiary of Anshan Iron & Steel Group, signed a joint venture agreement in Anshan, Liaoning Province, to establish a joint venture in China to produce and sell advanced cold rolled high-strength steel sheet for automobiles.

SDI Optimistic as Demand for High-Quality Steel Continues to Improve

17 October 2013 - Steel Dynamics, Inc. (SDI) announced its earnings results for the third quarter of 2013 and also provided an outlook for the remainder of the year.

Nucor Announces Third Quarter Results, Update on Operations

17 October 2013 - Nucor Corp. said its steel mills operating performance improved in the third quarter mainly due to better pricing for sheet steel, but it expects lower shipping volumes in the fourth quarter due to seasonal factors.

AISI: August Steel Shipments Up Month-on-Month But Down Year-on-Year

17 October 2013 - The American Iron and Steel Institute (AISI) reported that for the month of August 2013, U.S. steel mills shipped 8,343,075 tons, a 0.8% increase from the 8,274,511 tons shipped in the previous month, July 2013, and a 0.4% decrease from the 8,377,162 tons shipped in August 2012.