Steel News

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.

NLMK Generates Significant Savings through PCI Implementation at Novolipetsk

26 February 2015 - Russia’s NLMK Group made a saving of 425 million rubles in 2014 through the use of pulverized coal injection (PCI) technology at two blast furnaces at its Novolipetsk production site in Lipetsk.

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.

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.

Essar Steel Algoma Files Counter Claim Against Cliffs

26 February 2015 - Essar Steel Algoma Inc. (ESAI) has filed counter-claims against its iron ore supplier for damages in excess of US$164 million arising out the parties’ relationship, including a claim for certain outstanding credit payments owed by Cliffs.

MTAG Switzerland to Deliver Vacuum Degassing Installation to ArcelorMittal Hunedoara

25 February 2015 - MTAG Switzerland has signed a contract to supply a 100-metric-ton turnkey vacuum degassing installation with a dry mechanical pumping system to Romanian long product producer ArcelorMittal Hunedoara.

Tata Steel to Acquire Nordic Strip Products Service Centers

25 February 2015 - Tata Steel, Europe’s second largest steel producer, announced the acquisition of three service centers in Sweden, Finland and Norway to strengthen its offering to manufacturers in the Nordic region.

Tenova Goodfellow to Supply Two EFSOP Holistic Optimization Systems to SDI

24 February 2015 - Steel Dynamics Inc. has confirmed an order with Tenova Goodfellow for the supply and purchase of two EFSOP holistic optimization® systems, including water detection, for both EAF batteries at its Butler, Ind., steelmaking facility.

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.

AK Steel to Build New Research and Innovation Center; Names New VPs

23 February 2015 - AK Steel announced that it will build a new, world-class Research and Innovation Center in Middletown, Ohio.

Cliffs Natural Resources CEO to Address Attendees at AISTech 2015

23 February 2015 - Lourenco Goncalves, chairman, president and chief executive officer, Cliffs Natural Resources Inc., will present a keynote address at the AIST President's Award Breakfast on Tuesday, 5 May at 8 a.m. in the Grand Ballroom at the Cleveland Convention Center, Cleveland, Ohio, USA.

New Cold Rolling Mill from Primetals Technologies Produces First Coil at Tangshan

23 February 2015 - The cold rolling mill supplied by Primetals Technologies to Tangshan Iron and Steel Group Co. Ltd., a Chinese steel producer, has now been brought into production and the first coil was rolled in January 2015.

MMK Introduces Advanced IT Solutions

23 February 2015 - Russia’s OJSC Magnitogorsk Iron and Steel Works (MMK) in 2014 launched a strategic program for the adoption of advanced IT in operational and management processes.

Vale Smashes Iron Ore Production Record

20 February 2015 - Brazil’s Vale (NYSE:VALE), the world’s largest producer of iron ore, continued to flood the market with product in 2014 despite sharply lower prices.

Tata Steel to Supply Rails for London's Crossrail Project

20 February 2015 - Tata Steel has signed a contract to supply wear-resistant rails for the Crossrail project beneath the heart of London. The Crossrail route will serve 40 stations and travel more than 100km from Reading and Heathrow in the west, through new twin-bore 21km tunnels below central London to Shenfield and Abbey Wood in the east.

Mechel Reports Disposal of Mechel Bluestone

18 February 2015 - Mechel OAO, one of the leading Russian mining and metals companies, has closed a deal on the disposal of Mechel Bluestone, Inc. (Delaware, USA), including its mining operations, to a company owned by the Justice family.

General Steel Establishes RFID Company

18 February 2015 - General Steel Holdings, Inc. ("General Steel" or the "Company") (NYSE: GSI), a leading non-state-owned steel producer in China, announced today that the Company, through its previously-announced joint venture with a team of Radio-Frequency Identification ("RFID") experts, has completed the establishment of a new RFID logistics company and appointed Michael Au as CEO of the new company named Tianjin General Shengyuan IoT Technology Co., Ltd. ("General Shengyuan IoT").