Steel News

Tenova LOI Italimpianti Starts up Walking Beam Furnace for China Steel

12 July 2010 - Tenova LOI Italimpianti successfully starts up a new 200 tonnes/hour walking beam reheat furnace for billets at Kaohsiung China Steel’s new rolling mill in Taiwan.

Harsco Announces Executive Management Appointments

09 July 2010 - Harsco announces major appointments within the company's senior executive management structure, including the appointment of Chairman and CEO Salvatore D. Fazzolari to the additional post of President.

SMS Siemag Commissions 4th Slab Caster at Salzgitter Flachstahl

09 July 2010 - SMS Siemag has successfully commissioned the fourth XCast continuous slab caster for Salzgitter Flachstahl GmbH. The single-strand circular-arc design caster produces slabs in widths ranging from 1100 to 2600 mm and in thicknesses of 250 and 350 mm.

AK Steel Researcher Named ASM International Fellow

09 July 2010 - AK Steel’s Jerry L. Arnold, a Principal Research Engineer at the company’s Research Center, has been elected a Fellow of the Society by ASM International in recognition of his “distinguished contributions in the field of materials science and engineering”.

Lakeside Steel Signs Contract with Bennett Environmental for PCB Remediation

09 July 2010 - Lakeside Steel has agreed to terms with Bennett Environmental to remove the PCB material currently stored on Lakeside's property in Welland. The project is expected to be completed by December 2010.

Danieli Starts up Jumbo-Size Meltshop at Tokyo Steel

09 July 2010 - Danieli has successfully started up a 420-tonne twin-electrode DC EAF with continuous charge system — the largest EAF in the world — at Tokyo Steel’s Tahara Plant.

V&M Grants Acceptance Certificate for Tenova Heat Treat Furnace

08 July 2010 - Vallourec & Mannesmann Tubes Deutschland GmbH has issued the Acceptance Certificate to Tenova LOI Italimpianti for the heat treatment furnace Tenova modernized at Düsseldorf-Rath.

NLMK raises EURO125 million for Efficiency Upgrades

08 July 2010 - NLMK signs loan agreement with the European Bank for Reconstruction and Development to finance upgrades including a power plant that will be fired using blast furnace off-gases, and integration of PCI into its blast furnaces.

ThyssenKrupp Steel USA Passes Hiring Milestone

08 July 2010 - ThyssenKrupp Steel USA has hired over 1000 new Team Members, passing a major project milestone as it moves closer to the start of initial operations in July.

June Steel Import Permits Decline 15% from May

08 July 2010 - Steel import permit applications reached a total of 1,955,000 net tons for the month of June, a 15% decrease from the 2,297,000 permit tons recorded in May according to the latest report from AISI.

Mechel OAO Acquires Turkish Steel Trading Company

08 July 2010 - Mechel OAO subsidiary Mechel Service Global BV has purchased a 100% stake in Turkish steel trading group Ramateks for a purchase price of $3 million and the assumption of up to $13.8 million in debt*, the majority of which is trade financing.

Cliffs to Acquire INR Energy’s West Virginia Coal Operations

07 July 2010 - Cliffs Natural Resources has entered into a definitive agreement to acquire all of the coal operations of privately owned INR Energy. INR’s operations include two underground continuous mining method metallurgical coal mines and one open-surface mine, as well as a state-of-the-art coal preparation and processing facility and a new 110-car unit-train batch-weight load out facility with access to the CSX railroad.

ITC to Conduct Sunset Review of Hot-Rolled Steel from Brazil, Japan and Russia

07 July 2010 - The ITC has voted to conduct full five-year (sunset) reviews on a countervailing duty order on hot-rolled flat carbon-quality steel products from Brazil, antidumping duty orders on hot-rolled steel from Brazil and Japan, and a suspended investigation on hot-rolled steel from Russia.

Mechel OAO Announces Structural, Management Changes

07 July 2010 - Mechel OAO announced creation of a divisional management system that will fully control operational activities within all of the company’s segments. The company also announced several executive-level changes, including the resignation of Senior Vice President Vladimir Polin.

OAO Severstal Announces New Head of Investor Relations

07 July 2010 - OAO Severstal announced the appointment of Vladimir Zaluzhsky as Head of Investor Relations, replacing Dmitry Druzhinin, who has held the position since 2002.

Nippon Steel, Partners to Build Steel Pile Plant in Vietnam

07 July 2010 - Nippon Steel will soon begin construction of a new plant in Vietnam for the production of steel pipe piles and steel pipe sheet piles.

Ruukki to Provide Structures to Aker Verdal for North Sea Wind Farm

06 July 2010 - Aker Verdal AS contracts Ruukki to deliver a total of 240 steel structures for the Nordsee Ost wind farm project to be built offshore from Germany in the North Sea.

OAO Severstal sells Controlling Interest in Lucchini to Mordashov

06 July 2010 - OAO Severstal completes the sale of 50.8% of Lucchini SpA to a company controlled by Alexey Mordashov for a consideration of one euro.

Gerdau, Gerdau Ameristeel Enter Arrangement Agreement

06 July 2010 - Gerdau Ameristeel and Gerdau SA enter into a definitive arrangement agreement to implement their proposal to take Gerdau Ameristeel private at a price of US$11.00 cash per Common Share. If approved by shareholders, the transaction is expected to be completed in August 2010.

Posco to Offer On-site Visits to the Steelworks during Summer

06 July 2010 - Posco is offering a special field trip program for the summer vacation season to provide people the opportunity to have a friendly encounter with steel at both the Pohang and Gwangyang Steelworks.