Steel News

Nucor Announces Guidance for First Quarter Earnings

19 March 2014 - Nucor Corp. announced guidance for its first quarter ending 5 April 2014, noting a major impact from severe weather conditions during the quarter.

Shanxi Gaoyi Steel Commissions Two SMS Meer Wire Rod Mills

18 March 2014 - Shanxi Gaoyi Steel has successfully commissioned two wire rod mills from SMS Meer.

U.S. Rod Producers Applaud Decision Moving Trade Case vs. China Forward

18 March 2014 - U.S. wire rod producers are applauding a recent government decision in a trade case against wire rod imports from China.

Commercial Metals Co. Settles Antitrust Class Action Lawsuit

17 March 2014 - Commercial Metals Co. announced that it has reached final settlement in the Standard Iron Works v. ArcelorMittal et al. lawsuit in the amount of approximately US$4 million, which the company estimates is less than the anticipated cost to the company of continuing to defend the lawsuit.

Ontario Providing Loan for Technology Investments at Ivaco Rolling Mills

17 March 2014 - Ontario is helping Ivaco Rolling Mills invest in new technology at its L'Orignal steel and rod mill to grow its business and create 41 new jobs while retaining 417 jobs.

VAM USA to Build US$81 Million Pipe Threading Mill in Youngstown

14 March 2014 - The City of Youngstown received a confirmation on 13 March 2014 that the VAM USA LLC US$81 million pipe threading mill project will be located in Youngstown, Ohio.

Steel Dynamics Foundation to Fund USF Scholarships

14 March 2014 - The Steel Dynamics Foundation will give US$1 million to the University of Saint Francis (USF) over a 10-year period to establish the university's Steel Dynamics Foundation Scholarship.

Severstal to Supply Large-Diameter Pipes for Second String of South Stream Project

14 March 2014 - OAO Severstal announced that it has won a tender to supply about 160,000 metric tons of 813-mm diameter pipes for the second string of the South Stream Offshore Pipeline.

AK Steel Announces Stainless Steel Price Increase

14 March 2014 - AK Steel will increase prices for all of its stainless steel products, effective with shipments on 1 April 2014.

ArcelorMittal Invests US$15m in Brazil Automotive Steels

13 March 2014 - ArcelorMittal is investing around US$15 million in the production of advanced high strength steel at its Vega do Sul flat steel rolling mill in the state of Santa Catarina in southern Brazil.

Siemens Long Rolling Mill Goes into Operation at Evraz Mill in Kazakhstan

13 March 2014 - A new long rolling mill from Siemens Metals Technologies has been brought into operation at Evraz Caspian Steel LLC, a Kazakh steel producer.

Danieli Corus to Supply Sublance System for Taiwanese Stainless Steelmaker

13 March 2014 - After supplying more than 100 sublance systems for LD converters, Danieli Corus is now entering the market of stainless steel AOD converter shops.

European Steelmakers Send Letter to Lawmakers on Competitiveness, Energy and Climate Targets

12 March 2014 - 64 CEOs of the European steel industry have signed an open letter to the EU heads of state and governments who will discuss EU industrial competitiveness and energy and climate targets next week, EUROFER reports.

Marubeni-Itochu to Build Joint Venture Steel Processing Center in Pakistan

12 March 2014 - Marubeni-Itochu Steel Inc. (MISI) announced an agreement with Dawood Engineering (Pvt.) Ltd.—a local manufacturer of automotive parts and components in the Islamic Republic of Pakistan—to jointly establish a new company outside of Karachi City in Sindh Province, Pakistan.

BlueScope Steel Appoints New Non-Executive Director

12 March 2014 - BlueScope Steel announced the appointment of John Bevan as a non-executive director, effective immediately.

Qatar Steel Signs Iron Ore Pellet Supply Contract with Vale

12 March 2014 - Qatar Steel has signed an iron ore pellets supply contract with VALE.

ArcelorMittal Partners With Andritz Soutec on New Auto Technology

11 March 2014 - ArcelorMittal’s Tailored Blanks division has teamed up with leading welding systems manufacturer ANDRITZ Soutec to roll out cutting-edge laser welding technology across the globe.

SunCoke Energy Announces Dropdown Strategy for Domestic Cokemaking Assets

11 March 2014 - SunCoke Energy, Inc. (SXC) announced plans to drop down over time the company’s entire domestic coke business to SunCoke Energy Partners, L.P. (SXCP), and its strategic intent to exit the Coal Mining business.

German ArcelorMittal Mill Upgrading Caster with STEC-ROLL from SMS Siemag

10 March 2014 - ArcelorMittal Eisenhüttenstadt has ordered 44 STEC-ROLL® lines from SMS Siemag to upgrade the first strand of a two-strand slab caster at its mill in Germany.

Paul Wurth Becomes MIDREX® Process Construction Licensee

10 March 2014 - Kobe Steel Ltd. of Japan and Paul Wurth S.A. of Luxembourg, a member of the SMS Group, have signed a construction license agreement that enables the SMS Group to market, design and erect MIDREX® direct reduction plants around the world.