Steel News

United States Steel Corporation Reports 2015 First Quarter Results

01 May 2015 - -- Net loss of $75 million, or $0.52 per diluted share; Adjusted net loss of $10 million, or $0.07 per diluted share -- Adjusted EBITDA of $110 million -- Operating cash flow of $136 million -- Total liquidity of $2.8 billion, including $1.3 billion of cash -- Updated full-year 2015 outlook to adjusted EBIT of $115 million to $315 million and adjusted EBITDA of $700 million to $900 million

Ovako Releases Interim Report for First Quarter 2015

30 April 2015 - • The quarter began with weak order intake, which gradually improved. Order intake was 10 percent lower than in the strong first quarter of 2014 • Sales volumes were impacted by the weak order intake at the end of last year and decreased by 8 percent compared with the first quarter of 2014. An improved sales mix limited the decrease in revenue to 7 percent • Operating profit before depreciation and amortisation (EBITDA) amounted to EUR 27 (30) million and operating profit (EBIT) amounted to EUR 17 (18) million • Cash flows from operating activities amounted to EUR -5 (5) million • Steel and metals distributor Ovako Metals Oy Ab (formerly Tibnor Oy) in Finland was acquired on March 31 which has lead to a 3 MEUR positive one-off effect on operating profit

Mechel Reports 2014 Operational Results

30 April 2015 - Mechel OAO, one of the leading Russian mining and metals companies, announced its 2014 operational results.

Cliffs Natural Resources Inc. Reports First-Quarter 2015 Results

30 April 2015 - Cliffs Natural Resources Inc. reported its first-quarter results for the period ended March 31, 2015.

AK Steel Reports Financial Results for First Quarter of 2015

30 April 2015 - AK Steel reported its financial results for the first quarter of 2015 on 28 April 2015..

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.