Steel News

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.

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.

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.

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.

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 Receives NDTV Profit Business Leadership Award

09 January 2012 - Tata Steel has been honored in the ‘Metal Category’ at the seventh edition of the prestigious NDTV Profit Business Leadership Awards.

SunCoke Reports Preliminary 4th Quarter U.S. Coke Production

09 January 2012 - SunCoke Energy reported preliminary U.S. coke production of an estimated 1,015 thousand tons for the fourth quarter of 2011, reflecting an increase of 100,000 tons versus the same period in 2010.

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.

CMC Reports Improved First Quarter Earnings

09 January 2012 - Commercial Metals Co. reported net earnings of $107.7 million on net sales of $2.0 billion for the fiscal first quarter ended November 30, 2011.

Cliffs to Sell Discontinued renewaFUEL Biomass Plant

06 January 2012 - Cliffs Natural Resources has reached agreement for the asset sale of its renewaFUEL biomass production facility to RNFL Acquisition LLC, an acquisition entity created by an investor group that includes renewaFUEL's minority partners.