Steel News

Fives Stein to Supply CAL Furnace Equipment for Baosteel's Zhanjiang Project

21 August 2013 - Fives Stein, designer of high technology furnaces and thermal equipment for steel and glass, has been awarded a major contract to design and supply a continuous annealing line vertical furnace for Baosteel’s Zhanjiang project.

Ternium, Tenaris and Tecpetrol to Build and Operate Power Plant in Mexico

20 August 2013 - Ternium S.A., Tenaris S.A. and Tecpetrol International S.A. have entered into a memorandum of understanding to jointly build and operate a natural gas-fired combined cycle electric power plant in Mexico, which would supply Ternium’s and Tenaris’s respective Mexican industrial facilities.

Mechel Signs Agreement to Sell Donetsk Electrometallurgical Plant

20 August 2013 - Mechel OAO has signed an agreement for the disposal of the Donetsk Electrometallurgical Plant AO in Ukraine.

Reuters: Hungary Offers to Buy Steelmaker Dunaferr to Save Jobs

20 August 2013 - Hungary's government will offer to buy back the loss-making steelmaker Dunaferr from Ukraine's ISD group, to prevent a layoff of 1,500 workers planned by the company, Economy Minister Mihaly Varga said on Monday, according to a Reuters report.

Salzgitter Flachstahl to Raise Prices by €30 Per Ton

20 August 2013 - Salzgitter Flachstahl GmbH announced it will raise its flat steel prices by € 30 per ton for all new orders as from 1 September 2013.

U. S. Steel President Mario Longhi to Become CEO; John Surma Becomes Executive Chairman

19 August 2013 - United States Steel Corporation's Board of Directors elected president and chief operating officer Mario Longhi as a director, and announced that he will succeed Chairman John P. Surma as chief executive officer effective 1 September 2013. Surma will retain the position of executive chairman through 31 December 2013 when he will retire from the company and from the board of directors.

Report: ArcelorMittal Blast Furnace in East Chicago Goes Down

19 August 2013 - A blast furnace has gone down at ArcelorMittal Indiana Harbor, the largest steelmaking complex in North America, according to a report for the Times of Northwest Indiana.

AISI Comments on U. S. Steel Leadership Changes

19 August 2013 - Commenting on John Surma's retirement from U. S. Steel, the American Iron and Steel Institute said the steel industry in general, and AISI in particular, will forever be indebted to John Surma for his passion, wisdom, commitment and leadership over the past decade as CEO of U.S. Steel.

USW Members Ratify Labor Agreement for AK Steel's Ashland Works

19 August 2013 - AK Steel said that members of the United Steelworkers (USW) Local 1865 union have ratified an 18-month labor agreement covering more than 800 hourly production and maintenance steel operations employees at the company's Ashland, Ky., Works. 

U. S. Steel General Counsel and Senior Vice President—Corporate Affairs James Garraux to Retire

19 August 2013 - United States Steel Corporation chairman and chief executive officer John P. Surma announced that general counsel and senior vice president – corporate affairs James D. Garraux has informed the company of his plan to retire by the end of 2013 after 34 years with the company.

David Burritt Named CFO at U. S. Steel

19 August 2013 - United States Steel Corporation chairman and CEO John P. Surma announced that David B. Burritt will succeed Gretchen R. Haggerty as executive vice president and chief financial officer. 

Metinvest Launches New Grade to Lower Steel Construction Costs

16 August 2013 - Metinvest’s integrated mill Azovstal launched production of S460M hot rolled plate according to the Ukrainian state standard DSTU EN 10025-4:2007. This product decreases steel required for building frames by 10–15%, which results in significant savings for developers.

USW Thanks OSHA for Republic Steel Citations

16 August 2013 - The United Steelworkers (USW) expressed gratitude to the Occupational Health and Safety Administration (OSHA) for the 12 August 2013 citations issued to Republic Steel.

Severstal Increases Supplies to the Construction Industry by 17% in First Half of Year

15 August 2013 - The Cherepovets Steel Mill, one of the world’s largest integrated steel mills and part of the Russian Steel division of OAO Severstal, announced that it boosted supplies to building contractors in Russia up to 1,635,000 tonnes in the first half of 2013. This is a 17% increase from the same period in 2012.

ArcelorMittal Liberia On Track to Ship 4.5 Million Tonnes of Iron Ore This Year

15 August 2013 - ArcelorMittal Liberia shipped 3 million tonnes of iron ore between 1 January and 8 August 2013, almost doubling last year’s figures for the same period.

SSAB Strengthens Its Presence in Holland

15 August 2013 - Hardox Wearparts Center Geha Beheer BV is acquiring Laverman Holding BV and forming Geha-Laverman. In connection with the merger, SSAB — which currently holds a minority stake in Geha — is increasing its shareholding in the new company to 51%.

Report: Japanese Steel Industry to Build Hydrogen Blast Furnace

14 August 2013 - Nippon Steel & Sumitomo Metal Corp. and three other steel companies said they will construct an experimental hydrogen-fueled blast furnace to reduce carbon dioxide emissions, according to a report on Nikkei.com.

Essar Steel Launches Specialized Color-Coated Products in Kerala

14 August 2013 - Essar Steel, one of India’s largest integrated steel producers, announced the launch of high quality, color-coated products, specially developed for the Kerala market. These specialized steel products will largely be used in the housing and industrial resorts segment in the region. The products include roofing and wood-finished steel products.

Salzgitter Burdened by Structural Crisis in the European Steel Industry

14 August 2013 - In the first half of 2013, the performance of the Salzgitter Group was largely determined by the structural crisis in the European steel industry.

Ruukki Pural Farm Color-Coated Steel Prolongs Useful Life of Agricultural Buildings

14 August 2013 - Ruukki is to launch a new polyurethane-based Ruukki Pural farm color-coated steel formulated especially for agricultural buildings, where resistance to corrosion and chemicals is required.