Steel News

Mechel Reports Record Results for Coal Supplies to Asia Pacific

23 July 2014 - Mechel OAO, a Russian mining and metals company, achieved record results in supplying coal to Asia Pacific in the first half of this year.

SDI Reports Record Shipments, Improved Metal Spreads in Q2

22 July 2014 - Steel Dynamics Inc. said that despite elevated import levels, the strength of underlying demand coupled with its continued market diversification and customer focus allowed it to achieve record quarterly steel shipments in the second quarter of the year.

ATI Reports Results, Continued Ramp-Up of Hot Rolling and Processing Facility

22 July 2014 - As it reported its second quarter earnings results, Allegheny Technologies Inc. said it continued to see improvement in end market demand throughout the quarter.

U.S. Electrical Steel Producers Support Commerce Department Findings in Trade Case

22 July 2014 - The U.S. Department of Commerce issued its final antidumping determinations concerning imports of grain-oriented silicon steel (GOES) from Germany, Japan, and Poland.

Sandvik and Tenaris Sign New Five-Year Strategic Alliance Agreement

22 July 2014 - Sandvik and Tenaris have signed a new five-year strategic alliance agreement on the exclusive joint supply of corrosion-resistant alloy OCTG materials and technology to the oil and gas industry.

Mechel Reorganizes after Liquidation of Ferroalloy Division

22 July 2014 - Mechel OAO, a leading Russian mining and metals company, reports liquidating the Group's ferroalloy division due to successful asset sales as part of the company's strategy.

Severstal Agrees to Sell U.S. Facilities for US$2.325 Billion

21 July 2014 - OAO Severstal has entered into separate definitive transaction agreements to sell its Severstal Columbus LLC and Severstal Dearborn LLC subsidiaries, collectively known as Severstal North America, to Steel Dynamics Inc. and AK Steel Corporation, respectively, for a total cash consideration of US$2.325 billion.

AK Steel To Acquire Severstal Dearborn

21 July 2014 - AK Steel has signed an agreement to acquire Severstal North America's integrated steelmaking assets located in Dearborn, Michigan for US$700 million in cash.

Steel Dynamics Inc. To Acquire Severstal Columbus

21 July 2014 - Steel Dynamics Inc. has entered into a definitive agreement to acquire 100% of Severstal Columbus LLC (Columbus) from OAO Severstal.

Insteel Reports Increasing Capacity Utilization in Quarterly Earnings Report

21 July 2014 - Insteel Industries Inc. announced financial results for its third quarter ended 28 June 2014.

KMS Installs PURON® HF Modules at Major Steel Mill in Inner Mongolia

21 July 2014 - Koch Membrane Systems Inc. (KMS), world-class developer and manufacturer of innovative membranes and membrane filtration systems, has installed its PURON® HF ultrafiltration (UF) modules at a major steel mill in Inner Mongolia, China.

North Star BlueScope Decides Not to Build DRI Facility in Ohio

18 July 2014 - North Star BlueScope Steel (NSBSS), jointly owned by BlueScope (50%) and Cargill Inc. (50%), has concluded a detailed scoping and development study for a potential direct reduction iron (DRI) plant at its Delta, Ohio, steelworks.

Ternium First in Mexico to Develop Steel with Improved Stress Resistance for Rims

18 July 2014 - Ternium Mexico is currently developing FB-540 steel grade, with a ferrite-bainite structure, used to manufacture rims for the automotive industry, thus, becoming the first company to produce this grade of steel in Mexico.

ArcelorMittal Ostrava Equipping Its Power Plant with Modern Boiler

18 July 2014 - ArcelorMittal Ostrava is continuing with its plans for modernization. Its subsidiary ArcelorMittal Energy Ostrava has just signed a contract to build a new fluidized bed* boiler.

Severstal and McKinsey to Evaluate Production Efficiency of BOF Cherepovets Mill

18 July 2014 - The Cherepovets Steel Mill (CherMK), part of the Russian Steel division of OAO Severstal, announced the launch of a project in conjunction with McKinsey, a global consultancy, to improve efficiency of basic oxygen steel production.

Severstal Agrees to Sell PBS Coals

18 July 2014 - OAO Severstal’s wholly-owned subsidiary 7027940 Canada Limited has entered into a definitive agreement with Corsa Coal Corp., a Canadian public company, for the sale of PBS Coals Inc., a metallurgical coal producer located in Pennsylvania, USA.

TimkenSteel to Invest US$40 Million in New Continuous Heat Treat Facility

17 July 2014 - TimkenSteel Corp. announced plans to open an additional continuous heat-treat facility in the U.S. to produce more value-added steel for demanding applications.

Nippon Steel & Sumitomo Metal’s Ultrahigh-Tensile Steel Receives Nissan Global Supplier Award

17 July 2014 - Nippon Steel and Sumitomo Metal Corp. (NSSMC) received Nissan’s Global Supplier Award for Innovation for the development of high-formability ultrahigh-tensile steel sheet of the 1.2GPa class.

U. S. Steel Košice Ending Dispute with Slovak Republic

17 July 2014 - U. S. Steel Global Holdings I B.V., a limited liability company existing under the law of the Netherlands and immediate parent company of U. S. Steel Košice, s.r.o., owner of a fully integrated steelmaking plant in Košice, Slovakia, has agreed to cease its pending dispute in arbitration with the Slovak Republic.

Siemens Commissions Pickling Line-Tandem Cold Mill for VAMA

16 July 2014 - The coupled pickling line-tandem cold mill (PLTCM) supplied by Siemens Metals Technologies was commissioned for Valin ArcelorMittal Automotive Steel Co. Ltd. (VAMA) at the end of May 2014.