Steel News

NLMK Supplies OMK with 1 Million Metric Tons of Slabs for Large-Diameter Pipes

23 June 2014 - Since 2012, as part of a long-term contract, NLMK Group (LSE: NLMK), a major Russian steelmaker, has supplied OMK Group (Unified Metallurgical Company), a leader in the Russian large-diameter pipe market, with over 1 million tonnes of slabs for the production of large-diameter pipes.

AHMSA receives international quality certificate for CR mill No. 2

23 June 2014 - Mexican steelmaker Altos Hornos de México has received an international quality certificate for its cold rolling (CR) mill No. 2.

ArcelorMittal takes home “Best Innovation – Process” award at American Metal Market’s fifth annual Awards for Steel Excellence ArcelorMittal Wins “Best Innovation – Process” Award at AMM’s Fifth Annual Awards for Steel Excellence

20 June 2014 - ArcelorMittal proudly accepted the ‘Best Innovation – Process’ award at American Metal Market’s fifth annual Awards for Steel Excellence held June 17 at The Edison Ballroom at New York City.

SSAB Considers Expanding Iowa Facility

20 June 2014 - The potential expansion would increase melting and casting capabilities by up to 1.2 million tons above current melting capacity. This represents roughly an additional 800,000 tons per year of finished product along with 400,000 tons of melting capacity to be transferred as slab to SSAB’s Mobile facility for rolling and finishing.

AK Steel Provides Second Quarter 2014 Guidance

20 June 2014 - AK Steel provided guidance for its second quarter 2014 financial results. AK Steel said it expects to report a net loss of $0.19 to $0.23 per diluted share of common stock, which is a substantial improvement over its first quarter results.

Nucor Announces Guidance For Its Second Quarter Earnings

20 June 2014 - Nucor Corporation (NYSE: NUE) announced today guidance for its second quarter ending July 5, 2014. Nucor expects second quarter results to be in the range of $0.35 to $0.40 per diluted share.

AMM Article: DRI Output to Soar by 2020: Midrex

20 June 2014 - Midrex Technologies Inc. expects direct-reduced iron (DRI) output in the United States to surpass 10 million tons annually "sometime near the end of the decade," director of marketing Henry P. Gaines said.

CMC Closes Agreement for Purchase and Sale of Assets with Newell Recycling

19 June 2014 - Commercial Metals Company (NYSE: CMC) announced today that on June 13, 2014, Commercial Metals Company, through its wholly-owned subsidiary, Structural Metals, Inc. (collectively, "CMC"), completed the transaction for the purchase of substantially all of the assets of Newell Recycling of San Antonio, LP ("Newell Recycling") located at 726 Probandt Street San Antonio, Texas, pursuant to a definitive Agreement for the Purchase and Sale of Assets by and among CMC, Newell Recycling and John R. Newell.

Outokumpu Renews Operational Model and Leadership

19 June 2014 - Outokumpu announced today changes in its operational model and Leadership Team.

SMS Siemag’s Converter-Vessel Changing Concept Successfully Implemented at PT Krakatau-Posco Company

19 June 2014 - PT Krakatau-Posco Company (PTKP), Indonesia, and SMS Siemag (www.sms-siemag.com), Germany, have successfully put into operation the efficient converter-vessel changing concept involving a 300 ton change-vessel converter, a changing car as well as highly effective environmental technology for the converter shop.

POSCO Wins 'World's Most Competitive Steelmaker' Award

18 June 2014 - POSCO received the "World's Most Competitive Steelmaker Award" for the fifth consecutive year from renowned steel market information provider World Steel Dynamics (WSD), the company said Tuesday.

No One Should Doubt Steel Remains Auto Material of Choice, Mittal Says

18 June 2014 - Steel has all the capability to remain the preferred material for the automotive industry, ArcelorMittal chairman and CEO Lakshmi Mittal said yesterday.

Steel Dynamics Provides Second Quarter 2014 Earnings Guidance and Announces Second Quarter Cash Dividend

18 June 2014 - Steel Dynamics, Inc. (NASDAQ/GS: STLD) today provided second quarter earnings guidance in the range of $0.28 to $0.32 per diluted share.

Mechel Reports Consolidation of Group's Shipping Within Mecheltrans OOO

17 June 2014 - Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, reports consolidating shipments of the Group's products within its subsidiary Mecheltrans.

AHMSA Sets New Monthly Shipment Record in May

17 June 2014 - Altos Hornos de Mexico recorded monthly shipments of finished steel totaling 351,398 tonnes in May.

Outokumpu's Stainless Steel Makes Saab 9-3 Fuel Tank Lighter and Safer

17 June 2014 - Outokumpu and Swedish fuel system company TechROi Fuel Systems (TFS) have developed a new stainless steel fuel tank, which is used in the new Saab 9-3.

Valin ArcelorMittal Automotive Steel Inaugurates Landmark Automotive Steel Plant in China

16 June 2014 - Valin ArcelorMittal Automotive Steel Co (VAMA) today officially opened its new advanced automotive steel plant in China, beginning a new era of automotive manufacturing in the country.

Timken Announces Record Date and Distribution Date for Spinoff of Steel Business

16 June 2014 - Timken Shareholders to Receive TimkenSteel Shares as a Pro-rata Dividend

Opening Day at ArcelorMittal Tube Plant in Ostrava Attracts Record-Breaking Number of Visitors

16 June 2014 - On Saturday June 7, to mark the 65th anniversary of its tube rolling mill, ArcelorMittal tubular products Ostrava invited employees as well as their families and friends to an open day event.

Gijón High-Strength Plate Creates Safe Connection Between Luxembourg and Germany

13 June 2014 - The use of high-strength steel met the architectural brief for a new bridge spanning the Moselle river, linking Grevenmacher in Luxembourg and Wellen in Germany.