Steel News

General Steel Optimistic on Second Half as It Reports Second Quarter Results

30 August 2013 - General Steel Holdings, Inc., a leading non-state-owned steel producer in China, announced financial results for the second quarter noting that it is encouraged to see an improvement in the pricing trend of steel in China and is optimistic about its ability to enhance profitability in the second half of 2013.

Cliffs Natural Resources and USW Reach New Labor Agreement for Bloom Lake Mine

30 August 2013 - Cliffs Natural Resources Inc. announced that the United Steelworkers Union local membership have ratified a three-year labor contract agreement for its Bloom Lake Mine in Fermont, Quebec.

Worthington Signs Agreement with WISCO for Majority Owernship of TWB

29 August 2013 - In late July 2013, Worthington Industries announced that it closed on an agreement with Wuhan Iron and Steel Company (WISCO) to become the majority member in Tailor Welded Blanks (TWB), its laser welded blanking joint venture.

Mitsubishi-Hitachi Metals Machinery to Supply Tandem Cold Mill to Baosteel

29 August 2013 - Mitsubishi-Hitachi Metals Machinery, Inc. and Mitsubishi Corp. jointly received an order for a tandem cold mill from China's Baosteel.

Danieli Automation to Supply Arvedi with 3 Q-Robot ZINC Systems

29 August 2013 - To reduce the need for manual labor and increase zinc yield, Arvedi has chosen Danieli Automation’s Q-Robot ZINC system for hot-dip galvanizing lines on the strength of its well-established reputation among dross removal systems and decided to order 3 new systems for its plants in Cremona, Italy.

Esmark Announces Management Changes; Delays Restart of Ohio Mill Operations

29 August 2013 - Esmark Inc. announced management changes for its Esmark Steel Group subsidiary to better serve its diverse customer base and streamline service center and mill operations in Chicago and Ohio, respectively. As part of the management realignment, Esmark Inc. chairman and CEO James P. Bouchard will reassume CEO duties of Esmark Steel Group.

China Gerui Advanced Materials Reports Results, Offers Outlook

28 August 2013 - China Gerui Advanced Materials Group Limited, a leading high-precision cold rolled steel producer in China, announced its unaudited financial results for the three months ended 30 June 2013.

Cliffs Natural Resources Reports on Sustainability Progress

28 August 2013 - Cliffs Natural Resources Inc. announced the release of its 2012 sustainability report, entitled "Embracing our Past, Securing our Future." The sustainability report is a comprehensive look at Cliffs' global operations and outlines the company's progress in key areas of its sustainability strategy.

UAW Members Ratify Labor Agreement for AK Steel's Rockport Works

28 August 2013 - AK Steel said that members of the United Auto Workers Local 3044 have ratified a four-year labor agreement covering about 195 hourly production employees at the company's Rockport, Ind., Works.

SSAB Selects Quintiq's Platform to Optimize Supply Chain Planning

28 August 2013 - Quintiq, a global leader in supply chain planning and optimization (SCP&O), announced that SSAB has chosen its platform to optimize supply chain processes across its production plants.

Cliffs Announces Long-Term Pellet Supply Contract with AK Steel

28 August 2013 - Cliffs Natural Resources Inc. has entered into a new agreement with AK Steel to supply iron ore pellets from 2014 through 2023.

POSCO Completes Stainless Plant in Turkey

28 August 2013 - POSCO completed construction of POSCO ASSAN TST, its stainless cold rolled plant with an annual production scale of 200,000 tons in the Izmit Industrial Complex located in Turkey’s Kocaeli Province, on 15 August 2013.

Ruukki to Initiate Employer-Employee Negotiations at Kalajoki Unit

27 August 2013 - Ruukki Building Systems is to initiate employer-employee negotiations concerning redundancies in its Kalajoki unit in Finland for reasons related to production, finance and reorganizing the operations.

Schnitzer Steel Provides Outlook for Fourth Quarter of Fiscal 2013

27 August 2013 - Schnitzer Steel Industries, Inc. announced its outlook for its fourth quarter of fiscal 2013 ending 31 August 2013, nothing that export demand for recycled metals weakened versus the third quarter as reflected by lower shipped volumes and lower average sales prices.

Tata Steel Orders Seven Konecranes for Two UK Facilities

26 August 2013 - Tata Steel has ordered seven Konecranes for two of its facilities in the United Kingdom.

Severstal Increased Sales of Large-Diameter Pipes in First Half of 2013

26 August 2013 - Severstal's Izhora Pipe Mill (IPM) manufactured over 165,000 tonnes of pipes in the first half of 2013 for use in major oil and gas projects in Russia and internationally. This represents a 2% sales increase as compared to the same period of 2012.

IDEAL Laser Coil Joining Technology Being Used at ThyssenKrupp Electrical Steel

26 August 2013 - IDEAL-Werk recently commissioned a laser welding machine at ThyssenKrupp Electrical Steel Gelsenkirchen in Germany.

Mechel to Aid Flood Victims in Russia's Amur Region

26 August 2013 - Mechel OAO is offering free aid to flood victims in Russia's Amur Region.

SSAB Appoints New Executive Vice President & Head of Communications

26 August 2013 - SSAB has appointed Maria Långberg as its new executive vice president and head of communications and member of the Group Executive Committee from 1 October 2013. Helena Stålnert will leave the company to set up her own business, following the expiration of her current contract.

ArcelorMittal Kryvyi Rih Celebrates Two Successful Years of Continuous Casting

26 August 2013 - The beginning of August marked an eventful period at ArcelorMittal Kryvyi Rih, as the Ukrainian plant not only celebrated its 79th anniversary, but also two successful years of continuous casting.