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Reliance Completes Acquisition of Worthington Steel Vonore Assets
02 May 2012 - Reliance Steel & Aluminum Co., through its wholly owned subsidiary Precision Strip, Inc., has completed the acquisition of the assets of the Worthington Steel Vonore plant, a processing facility owned by Worthington Industries, Inc.
Gerdau Completes 20 Years in Special Steel Sector, Plans New Investments
02 May 2012 - During the past two decades, Gerdau has invested more than US$ 4 billion to acquire assets in Brazil, the United States, Spain, and India and in technological upgrading of its operations in the special steel business.
Northwest Pipe Reports Full Year 2011 Results
02 May 2012 - Northwest Pipe Co. announced its 2011 financial results including record revenues in 2011 and a return to profitability. Net sales for the year ended December 31, 2011 increased 32.3% to $511.7 million compared to $386.8 million in the prior year.
worldsteel Releases Short Range Outlook
01 May 2012 - The World Steel Association (worldsteel) released its April 2012 Short Range Outlook (SRO) for 2012 and 2013, forecasting that global apparent steel use will increase by 3.6% to 1,422 million tonnes in 2012, following growth of 5.6% in 2011. In 2013, world steel demand is forecast to grow an additional 4.5% to around 1,486 million tonnes.
JSW Steel Reports 26% Growth in Crude Steel for FY12 Fourth Quarter
01 May 2012 - JSW Steel Limited reported the production of 2.07 million tonnes in the fourth quarter of fiscal year 2012, reflecting a 26% growth in crude steel production compared to the previous fiscal year’s fourth quarter.
JSW Steel Reports 26% Growth in Crude Steel for FY12 Fourth Quarter
01 May 2012 - JSW Steel Limited reported the production of 2.07 million tonnes in the fourth quarter of fiscal year 2012, reflecting a 26% growth in crude steel production compared to the previous fiscal year’s fourth quarter.
Siemens to Supply Blooming Mill for Acciaierie Venete
01 May 2012 - Siemens VAI Metals Technologies has received an order from Italian steel producer Acciaierie Venete S.p.A. to extensively modernize the company's blooming mill in Camin. A new blooming stand including ancillary systems will be constructed and integrated into the existing installations.
Outokumpu Continues to Streamline Stainless Operations
01 May 2012 - Outokumpu has announced additional measures that are expected to result in the reduction of 150 to 200 jobs in General Stainless and certain functions in Tornio as well as the Group’s Terneuzen unit in The Netherlands.
Tata Steel Europe to Install First ‘Silent’ Railway Track in UK
01 May 2012 - An innovative railway track, called SilentTrack® and developed by British scientists and engineers at Tata Steel, will reportedly reduce rail traffic noise in and around Blackfriars station in London by up to 50%.
Canadian Tribunal Initiates Expiry Review for HR Carbon Plate from China
30 April 2012 - The Canadian International Trade Tribunal has initiated an expiry review of its orders made on January 9, 2008, concerning the dumping of hot-rolled carbon steel plate from China.
Tenova Supplies Consteel EAF to Jiangsu Heavy Industry
30 April 2012 - Tenova achieved the first heat of the melting unit for MCC Beris Jiangsu Heavy Industry Corp. - Feida Group in China: a medium and heavy plate casting-rolling production line. The technology combines Tenova electric arc furnace and Consteel® with other technologies from Beris.
Worthington Announces Succession Plan for President & COO Steel
30 April 2012 - Worthington Industries, Inc. announced that Mark A. Russell will become the next President and Chief Operating Officer of the company, effective Aug. 1, 2012, replacing George P. Stoe. Geoff G. Gilmore will replace Russell becoming the next president of Worthington Steel also on Aug. 1.
ArcelorMittal May Further Increase Production at ArcelorMittal Mines Canada
30 April 2012 - Results of a scoping study have allowed ArcelorMittal has identify the potential to increase annual production of iron-ore concentrate to 30 million tonnes per annum at its ArcelorMittal Mines Canada using the facility’s existing infrastructure system.
Siemens to Supply Merchant Bar Mill to BMM Ispat in India
30 April 2012 - Siemens VAI Metals Technologies has received an order from BMM Ispat to supply a new merchant bar mill for its Hospet production location. Commissioning of this rolling mill with an annual capacity of 850,000 tonnes is scheduled for the end of 2013.
Siemens to Modernize NatSteel Finger-Shaft Electric Arc Furnace
27 April 2012 - Siemens VAI Metals Technologies has received an order from NatSteel Holdings to modernize the finger-shaft electric arc furnace in its Singapore Works. The project involves installing a new FAST system, renewing the furnace shaft and the lower shell, and bringing the automation of the arc and ladle furnace up to state-of-the-art.
Siemens Acquires FCE Furnace Company
27 April 2012 - Siemens Industry, Inc. has signed and closed a purchase agreement to acquire 100% of the shares of FCE, LLC, a furnace company headquartered in Huntingdon Valley, Pa., that will now operate within the Metals Technologies business unit of the Siemens Industry Sector.
SMS Siemag to Supply Electric Furnace, Ladle Furnace for PT Gunung
27 April 2012 - PT Gunung has contracted SMS Siemag for the supply of an ARCCESS® electric arc furnace and ladle furnace for the new steelmaking plant complex in Bekasi, Indonesia. The furnaces are rated for an annual production of 1.2 million tonnes.
Timken Posts Record First Quarter, Raises Full-Year Outlook
27 April 2012 - The Timken Co. reported record sales of $1.4 billion in the first quarter of 2012, an increase of 13% over the same period a year ago. The company also generated record income of $155.7 million, or $1.58 per diluted share, compared with $112.7 million, or $1.13 per diluted share, a year ago.
SMS Siemag to Supply Heavy Plate Stand for ThyssenKrupp VDM
26 April 2012 - ThyssenKrupp VDM GmbH has placed an order with SMS Siemag for the supply of a new 2.7-meter heavy plate stand for their Siegen location. The new unit will have a rolling force of 60 MN and be equipped with a hydraulic adjustment system and work roll bending.
Grand Blanc Processing Contracts Tenova Core for STC® Furnace
26 April 2012 - Tenova Core has recently been contracted to provide the turnkey supply of a STC® (Short Time Cycle) furnace at Grand Blanc’s wire processing facility located in Holly, Mich.
