Steel News

TimkenSteel to Build New US$40 Million Q&T Facility in Northeast Ohio

09 October 2014 - TimkenSteel announced the decision to locate an advanced quench-and-temper facility in Northeast Ohio to produce more value-added steel for demanding applications.

Essar Steel Minnesota Closes Financing for 7 MTPA Pellet Project

09 October 2014 - Essar Steel Minnesota LLC (ESML) has succeeded in reaching a major financial milestone by closing the financing to complete construction of its fully permitted open-pit iron ore mine, crushing, concentrating and pelletizing facilities, which will have an annual pellet production capacity of 7 million tons.

worldsteel Recognizes Six Companies for Safety and Health Excellence

09 October 2014 - The World Steel Association (worldsteel) has recognized six excellent safety and health programs from ArcelorMittal, Celsa, Essar Steel, Gerdau, Tata Steel and Ternium.

voestalpine CEO Wolfgang Eder is New worldsteel Chairman

09 October 2014 - Wolfgang Eder, chairman of the Management Board of the voestalpine Group, has become the first Austrian chairman of the World Steel Association (worldsteel).

Nucor Completes Acquisition of Gallatin Steel

08 October 2014 - Nucor Corp. has closed on its purchase of all the equity of Gallatin Steel Co. for approximately US$770 million.

NLMK and Siemens Implement Large-Scale Environmental Project at Novolipetsk

08 October 2014 - NLMK Group has concluded a contract with Siemens VAI for undertaking the main works as part of a large-scale project of upgrading both gas exhaust equipment and emission collection and cleaning systems at the Novolipetsk BOF operations in Russia.

Universal Stainless to Ring Nasdaq Closing Bell to Mark 20th Anniversary

08 October 2014 - Universal Stainless & Alloy Products Inc. announced that in celebration of the company's 20th anniversary, Dennis Oates, chairman, president and CEO, will ring The Nasdaq Stock Market Closing Bell. The company is also marking its 20th year as a Nasdaq-listed company.

worldsteel Announces Winners of the 5th Steelie Awards

07 October 2014 - The World Steel Association (worldsteel) hosted its fifth Steelie Awards ceremony and announced the winners at the annual dinner of the 48th worldsteel conference in Moscow on 6 October 2014. The trophies, known as Steelies, were awarded in seven categories this year.

Tata Steel Europe Announces R&D Link with University of Warwick

07 October 2014 - Tata Steel will be creating a new R&D center at the University of Warwick in the UK to better serve the needs of its current and future customers.

U. S. Steel to Invest in Mon Valley Works, Keep HQ in Pennsylvania

06 October 2014 - In recognition of National Manufacturing Day on 3 October 2014, Pennsylvania Governor Tom Corbett joined officials from the United States Steel Corporation (U. S. Steel) to announce that the company will keep its headquarters in Pennsylvania, invest US$187 million to expand its Mon Valley Works operations, and support 4,300 employees throughout Pennsylvania.

SSAB Making Moves to Lead Industry in Profitability

06 October 2014 - SSAB held its Capital Markets Day in Stockholm on 1 October 2014. SSAB is aiming to be one of the most profitable steel companies by developing its unique product and service offering within high-strength steels globally, and by improving efficiency in its production, distribution and sales of top-quality steel on the home markets in the Nordic region and the U.S.

ArcelorMittal Ostrava Modernizing Medium Section Rolling Mill in Czech Republic

06 October 2014 - ArcelorMittal Ostrava has invested 200 million crowns (US$9.2 million) into the modernization of the medium section rolling mill and has launched production of a unique product branded AMTB (ArcelorMittal threaded bars), designed for the construction sector.

Metinvest Modernizing BOF at Ilyich Iron & Steel Works

06 October 2014 - In September, a large-scale general repair of basic oxygen furnace No. 1 commenced at Metinvest Group’s PJSC Ilyich Iron & Steel Works in Ukraine.

U.S. Labor Department Files Whistleblower Lawsuit vs. Specialty Steelmaker

03 October 2014 - A lawsuit alleging that North Jackson Specialty Steel terminated a furnace operator for reporting unsafe working conditions at its North Jackson steel mill has been filed by the U.S. Department of Labor.

voestalpine Announces Expanded Management Board Team

03 October 2014 - In order to meet the demands of the Group’s consistent internationalization process and rapid growth, voestalpine AG is expanding its Management Board from five to six members as of 1 October 2014.

Alpha Natural Resources Provides Update on WARN Notifications

03 October 2014 - Updating its announcement of 31 July, Alpha Natural Resources, Inc. said that three of its operating affiliates have notified their employees that the coal mines where they work are being idled, resulting in job losses. One mine that had expected to be idled will continue to operate, while eight other mines have extended the period of time they will continue to operate.

ArcelorMittal Ostrava Modernizing Blast Furnace Hot Stoves

03 October 2014 - ArcelorMittal Ostrava is modernizing three hot-blast stoves used for the heating of air blown to its blast furnaces.

Large Diameter Pipes Produced from NLMK Steel by OMK Certified for South Stream Project

03 October 2014 - The South Stream Transport company has certified large-diameter pipes produced by the United Metallurgical Company (OMK) from slabs supplied by NLMK.

Nucor Acquisition Of Gallatin Steel Receives Regulatory Approval

02 October 2014 - The Federal Trade Commission has approved Nucor’s US$770 million acquisition of Gallatin Steel Co. and the closing is expected in approximately 10 days.

Carpenter Technology Provides Q1 Fiscal Year 2015 Outlook

02 October 2014 - Carpenter Technology Corporation announced that cost, output, and mix issues at its Specialty Alloys Operations (SAO) locations in Reading and Latrobe, Pa., will negatively impact the company's first quarter (Q1) fiscal year 2015 (FY15) earnings.