Steel News

Air Products to Build Third Air Separation Unit at ArcelorMittal Belgium

25 August 2010 - Air Products will build a third on-site air separation unit at ArcelorMittal’s Gent site as part of a new long-term contract to supply oxygen, nitrogen and argon to ArcelorMittal Belgium NV.

Gerdau Ameristeel Shareholders Approve Gerdau’s Acquisition of Remaining Shares

25 August 2010 - Gerdau Ameristeel's shareholders approve Gerdau SA’s acquisition of all remaining common shares of Gerdau Ameristeel for US$11.00 in cash per common share. Once completed, the deal will make Gerdau Ameristeel a wholly owned subsidiary of Gerdau.

Vale Comes to Agreement with Liberia on Infrastructure Development

24 August 2010 - VBG - Vale BSGR Ltd. entered into an agreement with the government of the Republic of Liberia, laying down the main terms and conditions to be included in a definitive agreement on an infrastructure project to be implemented by a Liberian subsidiary of Vale BSGR.

AK Steel Names New VP of Sales and Customer Service

24 August 2010 - AK Steel has named Gary T. Barlow as Vice President, Sales and Customer Service, effective September 1, 2010. Barlow succeeds Douglas W. Gant, who is retiring after 30 years of service to the company.

SAIL Commissions Second Ladle Furnace at Rourkela Steel Plant

24 August 2010 - Steel Authority of India Ltd. Chairman C.S. Verma has inaugurated the second ladle furnace of Steel Melting Shop-II at Rourkela Steel Plant. The 150-tonne ladle furnace will enhance the production capacity from the current 1.68 million tonnes per annum to 1.85 million tonnes of liquid steel per annum.

Siemens to Supply Water Treatment Plant for New Minimill in Slovakia

24 August 2010 - Slovakia Steel Mills has placed an order with Siemens to supply a water treatment plant to process water for direct and indirect cooling at the company’s new minimill in Strážské, which is designed to produce around 600,000 tonnes of structural steel per year.

Tata Steel Begins Construction of Gopalpur Industrial Park

24 August 2010 - Tata Steel has broken ground for the Gopalpur Industrial Park in southern Odisha. The company has proposed anchor investments of Rs 1000 crore for a 50,000-tonnes-per-annum Ferro Chrome Plant and a 400,000-tonnes-per-annum Rebar Steel Mill at the park.

Russel Metals to Streamline Long Products Operations in Ontario

24 August 2010 - Russel Metals announces plans to combine its Ontario structural steel and other long products operations in its Cambridge facility, resulting in closure of its Port Robinson facility.

World Crude Steel Production Dips 3.3% in July, Beats Year-Earlier Total

23 August 2010 - World crude steel production for the 66 countries reporting to the world steel association stood at an estimated 114.79 million tonnes in July 2010 — a 3.3% decrease from the previous month (June 2010) and an 9.6% increase vs. July 2009.

Siemens to Modernize Shanxi Taigang Stainless Hot Strip Mill

23 August 2010 - Siemens VAI Metals Technologies GmbH will modernize Taigang Group’s hot strip mill at Shanxi Taigang Stainless Steel, including upgrades to the finishing mill and laminar-cooling line.

Posco to Hire 1000 New Employees

23 August 2010 - Posco is planning to hire 1000 new hires in the second half of 2010, expanding this year’s new employment to 3500, a 44% increase over the previous year.

Stainless Steel Imports up 60% Through May 2010

23 August 2010 - Total stainless steel imports reached 235,739 tons in YTD May 2010, 60.0% increase compared to the comparable year-ago period according to the latest report from SSINA. Total specialty steel imports were up 46.7% through the same period.

ThyssenKrupp Nirosta Offers Internships via Initial Training Program

20 August 2010 - ThyssenKrupp Nirosta offers 16 long-term internships under its initial training program to improve the prospects of finding work for young people who have not found an apprenticeship position at the start of the training year.

Posco-Mexico, Union Agree on Work Shift Overhaul

20 August 2010 - Posco-Mexico signed a new agreement with the Confederation of Mexican Workers on a work shift revamp, which introduces two four-group shifts for its factory workers instead of the previous three shifts.

Tata Football Academy and Sheffield Club Partner for Training

20 August 2010 - Sheffield United Football Club has agreed to impart professional soccer training to Tata Football Academy coaches and cadets. SUFC will develop a 12-month program on coaching, fitness, and professional development.

voestalpine Sales, Earnings Increase During Q1 2010/11

20 August 2010 - voestalpine’s revenue went up by 22.1% from EUR 2,093.2 million for last year’s first quarter to EUR 2,556.1 million for the first quarter of 2010/11. The operating result (EBIT) increased by about EUR 230 million—from EUR -26.3 million to EUR 203.3 million.

Mechel Implements Summer Holidays Program for Subsidiaries

19 August 2010 - Mechel OAO is continuing its tradition of corporate health rehabilitation for children of its subsidiaries’ employees. The company is providing tours to health resort facilities for the summer holidays for the seventh time.

Salzgitter Group Records Pre-Tax Profit in Q2 2010

19 August 2010 - In the second quarter of 2010, the Salzgitter Group generated an operating pre-tax profit of €18.6 million (Q2 2009 recorded a loss of €96.9 million), bringing the first half of 2010 to a close with an operating profit before tax of €21.2 million.

Olympic Steel Recognized for Workplace Safety and Health Excellence

19 August 2010 - Olympic Steel has received an award from the Michigan Occupational Safety and Health Administration in recognition of the exemplary safety and health management program at its Detroit, Mich., facility.

Rio Tinto Develops Award Recognizing Science and Innovation in Australia

19 August 2010 - Rio Tinto and the Australian Museum have partnered to develop a new initiative to encourage growth and development in the commercialization of science and innovation in Australia. The $10,000 Rio Tinto Eureka Prize for Commercialization will first be awarded in 2011.