Steel News

Alpha Natural Resources Subsidiaries Downsizing West Virginia Mining Operations

03 March 2015 - Two operating affiliates of Alpha Natural Resources Inc. have notified their employees that certain West Virginia coal mines are being idled due to sustained weak market conditions and federal government regulations that have challenged the entire Central Appalachian mining industry.

Reliance Steel Announces Executive Leadership Succession Plan

02 March 2015 - Reliance Steel & Aluminum Co. announced that the company's Board of Directors has approved an executive leadership succession plan consistent with the company's growth strategy and focus on operational execution.

Alacero: 2014 Latin America Steel Production Fell While Imports Rose

02 March 2015 - End of the year figures show that the Latin American steel market did not grow during 2014, impacted by the global and regional economic deceleration, said Latin America’s steel association Alacero.

ArcelorMittal USA Idling Indiana Harbor Long Carbon Facility

27 February 2015 - ArcelorMittal will idle its Indiana Harbor Long Carbon (IHLC) facility beginning with the electric arc furnace on 1 March 2015, followed by the rolling mill operation in Q2 2015, pending customer requirements.

PwC US: Metals Industry Saw Uptick in M&A Activity in Q4 2014

27 February 2015 - The metals sector recorded a significant increase in merger and acquisition (M&A) activity during the fourth quarter of 2014, but the year overall saw a decline in deal value compared to 2013, according to Forging Ahead, a quarterly analysis of the global deal activity in the metals industry by PwC US.

Olympic Steel Reports Record Q4 Sales

27 February 2015 - Olympic Steel Inc., a national metals service center, announced financial results for the fourth quarter and full year ended 31 December 2014.

SteelBenchmarker: HRB Prices Heading for the Bottom

27 February 2015 - In its 214th report, the SteelBenchmarker released nine steel products and three USA scrap prices. Of these, here are four benchmark prices for hot-rolled band for 23 February 2015:

Tenaris to Temporarily Suspend Operations at Texas Mill

26 February 2015 - Tenaris will temporarily suspend operations at its welded tubes mill in Conroe, Texas, resulting in the layoff of approximately 230 employees, effective 24 April 2015.

U. S. Steel Names Vice President and Controller

26 February 2015 - United States Steel Corporation announced the promotion of Colleen M. Darragh to the position of vice president and controller, effective immediately.

Alberto Iperti Appointed CEO of Tamini

26 February 2015 - Alberto Iperti has been appointed CEO of Tamini, a worldwide leader in the manufacturing and service of energy transformer and a subsidiary of Terna, the company that transmits and dispatches electricity on the high voltage grid throughout Italy.

MMK Increases Production and Shipments of Automotive Sheet

26 February 2015 - OJSC Magnitogorsk Iron and Steel Works (MMK) increased 2014 shipments of metal products to automotive producers by 18% y-o-y to 415,000 tonnes from 353,000s tonnes in 2013.

AIIS: U.S. Steel Exports Declined 5% in 2014

25 February 2015 - Steel exports fell slightly from November to December 2015, capping off a 5% decline for the year, the American Institute for International Steel (AIIS) reported.

SteelBenchmarker: HRB Prices in Downward Spiral

25 February 2015 - In its 213th report, the SteelBenchmarker released nine steel products and three USA scrap prices. Of these, here are four benchmark prices for hot-rolled band for 9 February 2015:

AUMUND Fördertechnik Names New Managing Director

24 February 2015 - Since 1 November 2014, AUMUND Fördertechnik GmbH in Rheinberg, Germany, has had a new managing director.

Platts China Steel Sentiment Index Plunged in February

24 February 2015 - The outlook for China's steel market for the next 30 days is down on the back of weaker expectations for new domestic and export orders ahead of the long Chinese New Year holiday, according to the latest Platts China Steel Sentiment Index (Platts CSSI), which reflects market participants' expectations.

Global Steel Production Down 2.9% in January

24 February 2015 - World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 133 million metric tons (Mt) in January 2015, a -2.9% decrease compared to January 2014.

ArcelorMittal Europe Reports €122 Million Operating Profit for Q4 2014

24 February 2015 - ArcelorMittal announced its results for the fourth quarter ended 31 December 2014. The segment recorded an operating profit of €122m compared with an operating loss of €396m for Q4 2013.

worldsteel Announces World Champions of steelChallenge-9

23 February 2015 - The World Steel Association (worldsteel) announced the new world champions of the 9th steelChallenge.

A New Furnace-Building Company, ACE Furnaces Pvt. Ltd., Introduces Key Personnel

19 February 2015 - A new Furnace-building Company called ACE Furnaces Pvt. Ltd. (AFPL) has been formed last year, having core competency in Designing and Manufacturing Industrial Furnaces for various applications. AFPL has been formed through merging of various experiences and professional know-how on a vast range of furnaces for both ferrous as well as non-ferrous industries, with a view to offer quality-engineered Furnaces to the Users, with maximum Customer Satisfaction.

Sandvik awarded ‘The Best Innovator’ of the year in Czech Republic

16 February 2015 - Sandvik in Chomutov, Czech Republic has been announced as the winner of the prestigious award Best Innovator of the year in the Czech Republic - recognition of the company's way of working with innovation.