Steel News

Usiminas Releases 1Q15 Results

29 April 2015 - The main operational and financial indicators were: • Steel sales volume of 1.3 million tons; • Iron ore sales volume of 1.1 million tons; • Consolidated Adjusted EBITDA of R$379.5 million and Adjusted EBITDA Margin of 14%; • Working Capital on 03/31/15 of R$2.7 billion; • Investments of R$232.3 million.

voestalpine Stahl GmbH to Use Robots From Primetals Technologies in Its Converter Steel Works

29 April 2015 - • Robot systems to manipulate the probes on the three converters. • Higher sublance availability and greater safety at work. • Measuring probes in exchangeable containers simplify probe handling.

AIC Successfully Completes a Notable Revamping Project in Acindar, Arcelor Mittal Group

29 April 2015 - AIC has successfully accomplished a main revamping project in Acindar, part of Arcelor Mittal group, at Tren Bonelli in San Nicolas - Argentina, during the main shutdown in last February.

ArcelorMittal Publishes 2014 Annual Review and Fact Book

29 April 2015 - ArcelorMittal, the world’s leading steel and mining company, has published its 2014 annual review and fact book on a dedicated website.

Air Products Signs Agreement With Big River Steel

28 April 2015 - Air Products announced that it has signed a product supply agreement with Big River Steel, LLC. Under the terms of the agreement, Air Products will operate an air separation unit (ASU) producing multiple industrial gases and a PRISM® hydrogen generator. The onstream target for all the units is July 2016.

Klesch Group Invests in Trentino (Italy) Steel Plant

28 April 2015 - The Swiss multinational company, owned by Gary Klesch, bought out Borgo Valsugana’s steel plant, aiming at re-launching its production.

POSCO to Construct Iron Manufacturing Plant in Turkmenistan Valued at $1 billion

27 April 2015 - POSCO Group will construct an iron manufacturing plant in Turkmenistan. Daewoo International signed a MOU for the construction project of the iron manufacturing plant for producing reinforced steel and pipe with a value of 1 billion dollars with the Ministry of Industry of Turkmenistan while attending the summit of both Korea and Turkmenistan on April 13th.

Arch Coal Announces Board of Directors Succession Plan

27 April 2015 - John Eaves Elected to Succeed Wes Taylor as Chairman of the Board; Paul Hanrahan Elected Lead Independent Director; Paul Lang Elected President and Chief Operating Officer

Mark Bula of Big River Steel Addresses Association of Women in the Metal Industries

24 April 2015 - The Pittsburgh Chapter of the Association of Women in the Metal Industries (AWMI) held an industry dinner on Thursday, 23 April 2015. Mark Bula, chief commercial officer for Big River Steel, was the keynote speaker.

Nucor Reports Results for First Quarter of 2015

24 April 2015 - Nucor Corporation announced consolidated net earnings of $67.8 million, or $0.21 per diluted share, for the first quarter of 2015. By comparison, Nucor reported net earnings of $111.0 million, or $0.35 per diluted share, for the first quarter of 2014 and net earnings of $210.4 million, or $0.65 per diluted share, for the fourth quarter of 2014.

China Steel Corporation Approves Investment in LanzaTech Commercial Project

23 April 2015 - Taiwan’s largest integrated steel maker, China Steel Corporation (CSC), has announced formal Board approval of a 1400M TWD ($46M USD) capital investment in a LanzaTech commercial ethanol facility. This follows the successful demonstration of the revolutionary carbon recycling platform at the White Biotech (WBT) Demonstration Plant in Kaohsiung using steel mill off gases for ethanol production.

ATI Announces First Quarter 2015 Results

23 April 2015 - First Quarter 2015 Results: • Sales of $1.13 billion increased 7% compared to Q4 2014 • Segment operating profit improved 25% to $83.8 million, or 7.4% of sales • Aerospace market sales increased 14% • Net income attributable to ATI was $10.0 million, or $0.09 per share • $12.4 million of HRPF start-up and Rowley PQ qualification costs • HRPF successfully integrated into daily operations

Largest AUMUND Conveyor for Hot Sinter Material Goes to Japan

23 April 2015 - With the order for delivery of the largest pan conveyor for the transport of hot sintering material to Nippon Steel & Sumitomo Metal, the Division Metallurgy of AUMUND Fördertechnik GmbH at Rheinberg/ Germany won an outstanding reference project in Japan.

MMK Group Announces Operational Results for Q1 2015

23 April 2015 - MMK Group’s overall crude steel output in Q1 2015 totalled 3,228 thousand tonnes (+5.1% q-o-q; +1.3% y-o-y). Overall steelmaking capacity utilisation at the main Magnitogorsk site in Q1 2015 exceeded 92%. At the same time, converter production operated at 100% of capacity.

ArcelorMittal Releases 2014 Sustainability Report

22 April 2015 - ArcelorMittal, a leading steel and mining company, has published its 2014 sustainability report, ‘Steel: the sustainability challenge’. The report launches the company’s 10 new sustainable development outcomes which outlines what the company needs to achieve in order for its steel to be recognised as one of the world’s most sustainable materials. It also details the company’s sustainability highlights, including how ArcelorMittal made an economic contribution to society of $79 billion in 2014.

Steel Dynamics Reports First Quarter 2015 Results

22 April 2015 - Steel Dynamics, Inc. announced first quarter 2015 financial results. Excluding $17 million, or $0.04 per diluted share, of call premium and other finance expenses associated with the March 2015 senior note repayment, the company's adjusted first quarter 2015 net income was $40 million, or $0.17 per diluted share, on net sales of $2.0 billion. Including the finance charges, the company reported first quarter 2015 net income of $31 million, or $0.13 per diluted share.

Emirates Steel Alerts Over Imports Hitting UAE Market

22 April 2015 - Emirates Steel, the largest integrated steelmaker in the UAE, has warned of the effects of the flow in China’s and Turkey’s steel to the local markets, and called for protective actions to face the increasing competition and falling prices.

Bayi Iron Steel Takes the Lead in Green Buildings in China

21 April 2015 - Xinjiang Green Building Co was officially established in Toutunhe district in the Xinjiang Uygur autonomous region on March 30. It is the first assets management company in Xinjiang to focus on the development of the green building industry. The newly-inaugurated company was invested in by Baosteel Group Xinjiang Bayi Iron Steel Co and another six enterprises, including the Xinjiang Natural Information Technology Investment Co headquartered in Xinjiang.

SSAB Is Launching Strenx, a New Brand for High-Strength Steels

21 April 2015 - SSAB is launching Strenx, a new high-strength structural steel product brand, which offers the most extensive portfolio of high-strength steels on the market. This will open up new competitive possibilities for customers to make stronger, lighter and more sustainable products.

U.S. Steel Plant Worker Crushed to Death By Truck; Homicide Investigation Launched

20 April 2015 - A U.S. Steel employee was killed Saturday when a semitruck from ALCO Transportation at U.S. Steel's Ecorse plant struck her, the News-Herald reports.