-(1)-Reinhausen-(1).jpg?lang=en-US&ext=.jpg)
Headlines
Latest News
Strategic Alliance for Steel Fuel Tanks Appoints New Program Manager
04 January 2013 - The Strategic Alliance for Steel Fuel Tanks (SASFT), together with the Steel Market Development Institute (SMDI), a business unit of the American Iron and Steel Institute, recently announced the appointment of Richard J. Cover as program manager.
Operations Unaffected by Steam Explosion at Essar Steel Algoma
03 January 2013 - A steam explosion at Essar Steel Algoma's steelworks in Sault Ste. Mario, Ont., Canada, in the early morning of 3 January 2013 did not affect operations, according to a report from Sootoday.com Additionally, no injuries were reported.
AISI: December U.S. Imports Down 11% from November
03 January 2013 - The American Iron and Steel Institute (AISI) reported that U.S. steel import permit applications for the month of December totaled 2,358,000 tons. This was a 10% decrease from the 2,615,000 permit tons recorded in November and down 11% from the November preliminary imports total of 2,659,000 tons.
Konecranes' Business Area Equipment to Reallocate Resources to Emerging Markets
03 January 2013 - As a result of new equipment demand moving towards emerging markets, Konecranes Business Area Equipment has initiated actions to align operations closer to customers.
VSP Begins Work on Blast Furnace Gas-Based Captive Power Plant
03 January 2013 - The Visakhapatnam Steel Plant (VSP) in India today commenced the structural erection work, equipment erection of boiler and other civil works at the '120 MW Blast Furnace gas-based Captive Power Plant-II," the Economic Times reports.
South Korean Steelmakers Fined US$273 Million for Price Fixing
03 January 2013 - Posco, Hyundai Hysco Co. and five other South Korean steelmakers were fined a combined 291.7 billion won (US$273 million) for fixing the price of some products, Bloomberg reported.
CMI to Supply a Stainless Steel Tube Furnace to Veridiam
03 January 2013 - CMI Industry received an order from Veridiam, Inc. of El Cajon, Calif., for a roller hearth furnace for the bright annealing of stainless steel tubes dedicated to nuclear and medical applications.
Chinese Firm Plans US$11 Billion Rail, Port, Steel Projects in Cambodia
03 January 2013 - Two Chinese companies have reached a deal to build a 400-km (250-mile) rail line, a steel plant and a sea port in Cambodia worth a combined US$11.2 billion in what would be by far the impoverished country's biggest-ever investments, Reuters reports.
Harsco Captures US$225 Million Multi-Year Services Contract with India's Largest Steel Producer
03 January 2013 - Diversified global industrial company Harsco Corporation announced a new multi-year contract valued at more than US$225 million for onsite services to India's largest steel producer, JSW Steel.
Borusan Mannesmann Set to Enter U.S. OCTG Market with US$150 Million Investment
02 January 2013 - Turkey's leading steel pipe manufacturer, Borusan Mannesmann, will invest US$150 million in the U.S. to establish a steel pipe manufacturing plant to cater to the energy sector. This plant is set to start production in 2014.
Outokumpu Completes Inoxum Transaction
02 January 2013 - Outokumpu announced the completion of the Inoxum transaction. The company now hold close to 40% of the stainless steel market share in Europe and 12 globally.
Timken Acquires Wazee Companies, Expands Industrial Service Offerings
02 January 2013 - The Timken Company announced its acquisition of the assets of Wazee Companies, LLC, a regional leader providing motor, generator, wind and industrial crane services to diverse end markets including oil and gas, wind, agriculture, material handling and construction.
Shale Gas Revolution Spurs Wave of New U.S. Steel Plants
02 January 2013 - The U.S. shale-gas revolution, which has revitalized chemicals companies and prompted talk of domestic energy self-sufficiency, is attracting a wave of investment that may revive profits in the steel industry, the Pittsburgh Post Gazette reports.
U.S. Preliminary Imports Rise 2% From October to November
02 January 2013 - Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 2,659,000 tons of steel in November, including 1,988,000 tons of finished steel (up 2% and down 6%, respectively, from October final data).
Alberto Iperti Appointed New CEO of Tenova
02 January 2013 - Alberto Iperti has been appointed the new CEO of Tenova.
Olympic Steel Announces Management Promotions
02 January 2013 - Olympic Steel, Inc., a national metals service center, announced several executive and operating management changes to support the company's strategic growth initiatives in 2013 and beyond.
Outokumpu Appoints Johann Steiner as EVP — Human Resources
02 January 2013 - Outokumpu has appointed Johann Steiner as executive vice president — human resources and health, safety and sustainability.
Outokumpu Appoints Tamara Weinert as VP — Investor Relations
02 January 2013 - Mrs. Tamara Weinert has been appointed as vice president — investor relations at Outokumpu as of 28 December 2012.
ArcelorMittal to Sell a 15% Interest in ArcelorMittal Mines Canada for US$1.1 Billion
02 January 2013 - ArcelorMittal has agreed to sell a 15% interest in ArcelorMittal Mines Canada to a consortium led by POSCO and China Steel Corporation for US$1.1 billion.
Air Products Unveils Advanced Gas Applications Lab at Shanghai Technology Center
01 January 2013 - Air Products announced the opening of an advanced gas applications laboratory within its Asia Technology Center in the Zhangjiang Hi-Tech Park in Shanghai, China.
