Steel News

Mechel Finishes Laying Railway Tracks to Elga Coal Complex

13 January 2012 - Mechel OAO has finished laying tracks along the entire route of the railway link from Ulak station to the Elga coal deposit, opening traffic along the entire route from Baikal-Amur Mainline’s Ulak station to the Elga deposit.

Ruukki to Increase Laser Cutting Capacity at Seinäjoki

13 January 2012 - Ruukki has acquired a second bevel laser cutting line for its service center in Seinäjoki, Finland.

CMC Responds to Expiration of Tender Offer, Withdrawal of Director Nominees

12 January 2012 - Commercial Metals Co. issued a statement in response to IEP Metals Sub LLC’s announcement that its tender offer has expired and that Mr. Icahn has withdrawn his nominees for election to the company's Board.

Steel Dynamics Announces New Term Loan Facility

12 January 2012 - Steel Dynamics, Inc. has expanded its senior secured credit facility by adding a $275.0 million term loan facility to its existing five-year $1.1 billion revolving credit facility.

Siemens to Revamp Gerdau Mogi das Cruzes Bar Mill

12 January 2012 - Gerdau S.A., Brazil, has awarded a contract to Siemens VAI Metals Technologies to revamp the bar mill at its Mogi das Cruzes location for the production of flat bar.

Severstal NA to Explore Feasibility of DRI Facility in Trinidad and Tobago

12 January 2012 - Severstal North America has entered into a Memorandum of Understanding with the National Gas Co. of Trinidad and Tobago Ltd., National Energy Corp. Ltd., Complejo Metalurgico Dominicano S.A., and Neal & Massy Holdings Ltd. to conduct a feasibility study for construction of a direct reduced iron (DRI) facility in Trinidad and Tobago.

ThyssenKrupp Nirosta Plans for Expansion in Krefeld

12 January 2012 - ThyssenKrupp Nirosta has submitted a permit application for the relocation of the Düsseldorf-Benrath cold-rolling mill to Krefeld. The company expects to obtain the permit by summer 2012.

ISSF Launches Website Celebrating 100 Years of Stainless Steel

12 January 2012 - The International Stainless Steel Forum has launched a website dedicated to the history of stainless steel and its innovative applications in celebration of the century that has passed since the creation, patenting and production of stainless steels.

Lakeside Provides Update on Non-Binding Transaction Proposal

11 January 2012 - Lakeside Steel Inc. announced a 10-daye extension of the period in which the company has agreed to negotiate exclusively with the potential purchaser regarding an acquisition or similar transaction.

ThyssenKrupp Steel Europe to Modernize Blast Furnace 9 in Duisburg

11 January 2012 - ThyssenKrupp Steel Europe has shut down its Blast Furnace 9 in Duisburg-Hamborn for a period of 180 days for replacement of the refractory lining and parts of the cooling system.

Posco Develops Environment Friendly Lead-Free Cutting Steel

11 January 2012 - Posco has developed and will soon begin mass production of what the company claims is the world’s first environment-friendly Bismuth based, lead-free cutting steel.

SAIL Honored with Skoch Award for Financial Inclusion

11 January 2012 - Steel Authority of India Limited was recently awarded the Skoch award for Financial Inclusion under the category of 'Women Empowerment', in recognition of various initiatives in the area of inclusive growth and poverty alleviation.

NLMK Further Expands Slab Casting Capacity at Novolipetsk

11 January 2012 - NLMK has successfully cast the first slabs on its newly revamped one million tonne/year vertical continuous casting machine (CCM-3) at Novolipetsk, the company’s main production site in Lipetsk.

SunCoke Energy Announces Election of Three New Directors

10 January 2012 - SunCoke Energy, Inc. announced the election of Karen B. Peetz, John W. Rowe and James E. Sweetnam to the company’s board of directors.

PTC Alliance to Expand Cold Drawn Tubing Production Capabilities

10 January 2012 - PTC Alliance Holdings will invest an additional $4 million in its facilities to create 30,000 tons of additional annual drawn-over-mandrel capacity.

Schnitzer Reports 1st Quarter Fiscal 2012 Results

10 January 2012 - Schnitzer Steel Industries reported $0.25 diluted earnings per share from continuing operations for its fiscal 2012 first quarter ended November 30, 2011.

Tata Steel Reports Production Results for Third Quarter

10 January 2012 - Tata Steel announced the production of 1.724 million tonnes of crude steel in the third quarter of fiscal year 2012, as compared to production of 1.742 million tonnes of crude steel in the previous quarter and production of 1.766 million tonnes in the year-ago third quarter.

Siemens to Modernize Bar and Bar-in-Coil Mill for Shougang Tonghua

10 January 2012 - Shougang Tonghua Iron & Steel has placed an order with Siemens VAI Metals Technologies to supply equipment to modernize the company’s bar mill in Tonghua.

Posco-IJPC Celebrates Innovation Achievements in Indonesia

09 January 2012 - Posco-IJPC recently hosted the 2011 Posco-IJPC Innovation Fun Festival to celebrate the past year’s innovation activities.

USITC to Uphold Existing AD Order on Light-Walled Rectangular Pipe and Tube from Taiwan

09 January 2012 - Existing antidumping duty order on light-walled rectangular pipe and tube from Taiwan will be upheld as a result of the USITC’s determination that revoking the orders would be likely to lead to material injury within a reasonably foreseeable time.