Steel News

Larry J. Pollock Joins Universal Stainless in New Position of Executive Vice President, Chief Manufacturing Officer

13 May 2015 - Universal Stainless & Alloy Products, Inc. announced today that Larry J. Pollock has been named Executive Vice President, Chief Manufacturing Officer of the Company.

TB Wood’s Introduces New Sure-Flex® Plus EPDM and Neoprene Sleeves

12 May 2015 - The original TB Wood’s Sure-Flex® coupling design, an industry favorite for more than 50 years, just got even better.

Romney and Rauner Share Insights With Metals Service Center Institute Members

12 May 2015 - Former Governor and 2012 Republican presidential nominee Mitt Romney and Illinois Governor Bruce Rauner were both in attendance at the Metals Service Center Institute’s (MSCI) Annual Meeting in Chicago last week.

Houghton International Resurrects Its Popular Industry Periodical for Sesquicentennial Anniversary Issue

12 May 2015 - Houghton International Inc., a global leader in metalworking fluids, is bringing back its popular industrial periodical, The Houghton Line, to celebrate the company’s 150th anniversary.

TimkenSteel Holds Annual Meeting of Shareholders; Declares Fourth Consecutive Quarterly Dividend

12 May 2015 - TimkenSteel, a leader in customized alloy steel products and services, today held its first annual meeting of shareholders, where shareholders elected three board members to three-year terms: Joseph A. Carrabba, retired chairman, president and CEO of Cliffs Natural Resources, Inc.; Phillip R. Cox, president and CEO of Cox Financial Corp.; and John P. Reilly, retired chairman, president and CEO of Figgie International.

2015 International Student Competition on Cold-Formed Steel Design Kicks Off

11 May 2015 - The American Iron and Steel Institute (AISI) and the Cold-Formed Steel Engineers Institute (CFSEI) are joining the National Science Foundation (NSF); the American Society of Civil Engineers, Committee of Cold-Formed Members; and the University of North Texas as co-sponsors of the fifth International Student Competition on Cold-Formed Steel Design. Cold-formed steel refers to products made by rolling or pressing thin gauges of sheet steel into products. The competition will conclude on September 30, 2015.

TimkenSteel Produces Blooms on “Jumbo” Caster Designed by SMS group for Wide Range of Steel Grades

11 May 2015 - TimkenSteel has successfully commissioned its vertical continuous caster in Canton, Ohio, U.S.A. The first heat was successfully cast in 2014. TimkenSteel is presently ramping up production to full capacity.

George J. Koenig, President, Berry Metal Company, Appointed AIST President for 2015-2016

08 May 2015 - George J. Koenig, president, Berry Metal Company, Harmony, Pa., USA, has been appointed president of the Association for Iron & Steel Technology (AIST) for 2015–2016.

Mario Longhi Named Steelmaker of the Year at AISTech 2015

08 May 2015 - Other Industry Leaders Recognized for Significant Contributions to AIST and the Global Iron and Steel Industry

AIST Announces T.C. Graham Prize Semi-Finalists

08 May 2015 - The Association for Iron & Steel Technology (AIST) selection committee has chosen 10 semi-finalists for the T.C. Graham Prize.

New York’s 3 World Trade Center Chooses Outokumpu Stainless Steel for Its Facade

08 May 2015 - The Finnish stainless steel manufacturer Outokumpu will deliver the façade material for the prestigious World Trade Center’s third tower in New York City, USA. Once complete, the tower, known as 3 World Trade Center (3WTC), will be a unique addition to the New York skyline with its distinctive and appealing Linen look.

Olympic Steel Names James V. Beebe General Manager of North Carolina Operation

08 May 2015 - Olympic Steel Inc., a leading national metals service center, announced James V. Beebe has been hired as General Manager of the Company's operation in Siler City, North Carolina.

Hyster Announces New Short Wheelbase Industrial Lift Truck at AISTech 2015

08 May 2015 - Hyster Company, a leading heavy-duty materials handling equipment manufacturer, announced its new H300HD2S and H330HD2S industrial lift trucks at AISTech 2015, the nation’s largest steel exposition. Suitable for applications such as steel manufacturing, concrete and lumber, the new models are designed to offer 30,000-33,000 pounds of capacity with a shorter wheelbase.

Magnetation LLC Reaches Agreement with Noteholders to Restructure Balance Sheet and Provide New Financing

08 May 2015 - - Secures $135 Million in Debtor-In-Possession Financing to Implement Financial Restructuring as Part of Chapter 11 Reorganization Filing - Operations and Customer Shipments to Continue Uninterrupted

Praxair Reports First-Quarter 2015 Results

07 May 2015 - • Sales of $2.8 billion, EPS of $1.43 • EBITDA and operating margins grew to 33.0% and 22.6%, respectively* • Signed two long-term agreements to expand U.S. Gulf Coast and Southern China production networks for petrochemical customers; supply systems to start-up 2017 • $0.4 billion returned to shareholders through dividends and net share repurchases; diluted shares 2% below prior-year quarter • Return on capital 12.6%; return on equity 29.6%* • Full-year 2015 EPS guidance of $5.90 to $6.15, up 4% to 8% year-over-year, ex-FX* and 2Q15 $1.40 to $1.48

AK Steel's Coshocton Works Recognized For Outstanding Safety Performance

07 May 2015 - AK Steel's Coshocton (Ohio) Works has been recognized for outstanding safety performance by the Ohio Bureau of Workers' Compensation, Division of Safety and Hygiene. The recognition is part of a collaborative safety awareness program established by the Coshocton County Safety Council and Chamber of Commerce.

MRC Global Announces First Quarter 2015 Results

07 May 2015 - - Sales of $1.292 billion - Net income of $29 million - Diluted EPS of $0.28 per share - Adjusted EBITDA of $87 million

Valmont Coatings Division Wins the Prestigious "Lifetime Achievement Award" in Hot-Dip Galvanizing

06 May 2015 - At its recent Annual Meeting, the American Galvanizing Association (AGA) awarded Valmont's Coatings Division top honors in four Excellence Categories associated with the hot-dip galvanizing process. More than 100 projects from galvanizers from around the world were submitted to a panel of architects and engineers to be judged in 14 Categories.

Schnitzer Board Announces a New Independent Director

06 May 2015 - On 29 April 2015, Schnitzer Steel Industries, Inc. announced the election of Michael W. Sutherlin to its Board of Directors.

Grupo Simec Announces Results of Operations for the First Quarter of 2015, Ended March 31, 2015

06 May 2015 - Grupo Simec, S.A.B. de C.V. announced its results of operations for the three-month period ended March 31, 2015.