Steel News

TimkenSteel's Sales Growth Driven by Energy, Industrial Market Sectors

31 July 2014 - TimkenSteel Corp., a leader in customized alloy steel products and services, reported second-quarter net income of US$28.6 million on US$442.2 million of net sales, compared to net income of US$25.3 million on net sales of US$354.1 million in the second quarter of 2013.

Edwards’ Degassing System Brings Environmental, Economic Benefits to Italian Steel Manufacturer

31 July 2014 - Edwards has installed a modular steel degassing system in a large steel producer in Italy, replacing an existing steam ejector system which had high running costs and energy usage.

Metinvest Reduces Operations at Some Facilities Due to Situation in Ukraine

31 July 2014 - Due to continuing military action, freight transportation via Donetsk Railways in Avdiivka-Yasynuvata (Donetsk oblast) has been interrupted and partially blocked, compromising the supply of raw materials to Metinvest’s Ilyich Iron & Steel Works of Mariupol and Azovstal.

Modernization of Blast Furnace 2 at ThyssenKrupp Duisburg-Schwelgern Making Good Progress

31 July 2014 - The modernization of blast furnace 2 in Duisburg-Schwelgern is proceeding according to schedule.

U. S. Steel Posts US$18 Million Net Loss in Second Quarter

30 July 2014 - U. S. Steel said the impacts of the extraordinary weather conditions and operational issues that began in the first quarter resulted in continuing operating inefficiencies; higher repairs and maintenance costs; and logistical issues that temporarily limited its production capabilities during the second quarter.

Sheri H. Edison Named to AK Steel's Board of Directors

30 July 2014 - Sheri H. Edison has been elected to AK Steel’s Board of Directors, effective 1 August 2014.

Carpenter Reports Improving Quarterly Results

30 July 2014 - Carpenter Technology Corporation announced financial results for the quarter ended 30 June 2014.

AK Steel Reports Improved Second Quarter Results

29 July 2014 - AK Steel reported its financial results for the second quarter of 2014.

SMS Meer to Supply Cooling Bed for Bar Mill Modernization at Deutsche Edelstahlwerke

29 July 2014 - Deutsche Edelstahlwerke has ordered a new rake-type cooling bed from SMS Meer for its Siegen works in Germany as part of the modernization of its bar mill.

ThyssenKrupp Steel Europe Investing €90 Million to Modernize Continuous Caster in Duisburg-Beeckerwerth

29 July 2014 - The current reline of blast furnace 2 in Duisburg-Schwelgern is being used as an opportunity to modernize a further key facility of ThyssenKrupp Steel Europe: Work has started on revamping one of the continuous casters in Duisburg-Beeckerwerth.

voestalpine Stahl to Equip Linz Works with 28 Warehouse Management Systems

28 July 2014 - voestalpine Stahl GmbH has awarded 3tn the order to supply 28 TWMS/metals warehouse management systems for its Linz works.

Metinvest’s Avdiivka Coke Restores Production Capacity

28 July 2014 - Metinvest Group's Avdiivka Coke in Ukraine continues to restore areas that were damaged during an artillery attack on the night of 21–22 July.

SunCoke Energy Inc. Reports Second Quarter 2014 Results

28 July 2014 - SunCoke Energy Inc. reported second quarter 2014 net loss attributable to shareholders of US$49.2 million, or US$0.71 per diluted share.

New Electrical Power Unit Helps ArcelorMittal Bottrop Coke Plant Cut Energy Use

28 July 2014 - ArcelorMittal Bottrop in Germany has invested in a cutting-edge electrical power unit which not only produces electricity but also doubles up as a pressure reducing station.

Jindal Chooses GE Power Conversion to Help Triple Output of Steel Plants in India

25 July 2014 - GE’s Power Conversion business announced that Jindal Steel & Power Limited (JSPL) has chosen GE Power Conversion’s AC motors and drives to upgrade the steckel mill at its Raigarh Steel Plant, Chhattisgarh, India.

SSAB Reports Positive H1 Results, Provides Outlook for Remainder of Year

25 July 2014 - SSAB said it expects its North American operations to continue to develop positively during the second half of 2014, driven by an improved market and positive effects of previous price increases.

NLMK Awarded Honorary Certificate of the Russian Government

25 July 2014 - The honorary certificate of the Government of the Russian Federation has been awarded to NLMK workers in recognition of the contribution they have made to the development of the country’s steelmaking.

SunCoke Energy Inc. Provides Update on Coal Mining Divestiture

25 July 2014 - On 17 July 2014, SunCoke Energy Inc.’s Board of Directors authorized the sale or other disposal of its Coal Mining business. It currently anticipates a transaction by year-end 2014.

Welded Tube of Canada Supports Evraz, Tenaris Complaint Against OCTG Imports

25 July 2014 - Welded Tube of Canada announced that it is pleased with the decision by the Canadian Border Services Agency to initiate an investigation against those countries whose dumped and subsidized exports of oil country tubular goods (OCTG) have caused injury to Canadian producers.

Nucor Reports Improved Mill Performance in Second Quarter

24 July 2014 - As it reported its second quarter earnings results, Nucor said it expects to see a stronger improvement in earnings in the third quarter.