Steel News

voestalpine Defies Weak Economy: Reports Largely Stable Performance in First Quarter of 2013/14

07 August 2013 - Despite the definite cooling of the macroeconomic environment in the most important global economic regions, the voestalpine Group’s performance continued to be stable both as far as revenue and results are concerned.

Mechel Announces Quarterly Results

07 August 2013 - As it reported its quarterly earnings results, Mechel said sales of metallurgical coal were up while iron ore sales declined. It noted the launch of the Chelyabinsk Metallurgical Plant in July will give a new impulse to the steel segment's development and have a positive impact on its results this year.

Study: NanoSteel's Sheet Steels Have Potential to Achieve 30% Weight Reduction in Automotive Structures

06 August 2013 - The NanoSteel® Co. announced the results of an automotive light-weighting study conducted by EDAG, Inc. demonstrating the potential for the company’s advanced high-strength steel (AHSS) to enable a 30% reduction of weight in the BIW structure of a mass market sedan.

Siemens Modernizes Continuous Caster at ArcelorMittal Bremen

06 August 2013 - German steel producer ArcelorMittal Bremen GmbH has awarded Siemens Metals Technologies an order to modernize its continuous slab casting plant.

Alpha Natural Resources Increases Met Coal Shipments in Second Quarter

06 August 2013 - Alpha Natural Resources, Inc. said it continues to proactively address changing market conditions by optimizing its mine portfolio and idling additional uneconomic metallurgical and thermal coal capacity, and it anticipates additional actions may be required between now and the end of the year.

JSW Steel Reports Quarterly Earnings, Provides Outlook

06 August 2013 - JSW Steel Limited reported its results for the fiscal first quarter ended 30 June 2013 (1Q FY2014), noting that the global economic recovery remains sluggish.

Severstal North America Donates Computer Lab to Palmer Home for Children

06 August 2013 - On 6 August, Severstal North America and Palmer Home for Children, a ministry dedicated to children in  need who are growing up without the support of a natural family, held  a dedication ceremony for a new, fully-equipped, state-of-the-art computer lab. Made possible by a donation from Severstal, the lab will be used by children who are home-schooled on campus.

Republic Steel's Canton Facility Experiences Tranformer Failure

06 August 2013 - Republic Steel experienced a failure at the transformer that supplies power to the #7 furnace in its Canton, Ohio, melt shop on 2 August 2013. This failure is being investigated and will result in an outage of its #7 back-up furnace lasting between two and eight weeks.

ArcelorMittal Restarts Steel Expansion Project in Brazil

05 August 2013 - ArcelorMittal announced that it is to restart an expansion project at its Monlevade and Juiz de Fora sites in Brazil, which will increase production capacity from 3.75 to 4.9 million tonnes a year.

Metinvest Group Appoints New CFO

05 August 2013 - Metinvest Group announced that Aleksey Kutepov was appointed CFO. He replaces Sergiy Novikov, who will continue his career within the Metinvest Group.

Mechel Holds Successful Testing of Equipment for Coking Coal Equipment

05 August 2013 - Russia’s Mechel OAO announced it has successfully tested equipment that produces coking coal concentrate at the Elga coal deposit's seasonal washing plant in the Republic of Sakha (Yakutia).

Cliffs Natural Resources Reaches Tentative Agreement with USW at Quebec Mine

05 August 2013 - Cliffs Natural Resources Inc. announced a tentative agreement with the United Steelworkers Union for a new three-year labor contract offer that will cover approximately 300 represented workers at Cliffs' Bloom Lake mine in Fermont, Quebec.

ThyssenKrupp Steel German Subsidiary Modernizes Medium-Wide Strip Mill

05 August 2013 - Hoesch Hohenlimburg, a specialist supplier of hot rolled strip steel based in Hagen, Germany, has completed one of the biggest modernization projects in the firm’s history: The recently upgraded medium-wide strip mill has now been successfully ramped up.

ArcelorMittal Reports Results for "Challenging" First Half of Year

02 August 2013 - As it reported its results for the first half of 2013, ArcelorMittal said the second half of the year should deliver a clear underlying improvement relative to the second half of 2012, which it believes marked the lowest point in the cycle.

ThyssenKrupp Steel Europe Reaches Agreement With Employees in Spain

02 August 2013 - ThyssenKrupp Steel Europe has reached agreement with employees at its ThyssenKrupp Galmed plant in Spain, including the termination of all employment contracts and the closure of the facility.

LKAB Names New Senior Vice President Sales

02 August 2013 - Peter Schmid, MSc., currently president of the LKAB subsidiary LKAB Wassara AB, has been appointed senior vice president sales for the LKAB Group and will be stationed at LKAB's head office in Luleå, Sweden. He will assume his new position on 1 August 2013.

METALLOINVEST Announces Second Quarter Operational Results

02 August 2013 - METALLOINVEST, a Russia-based iron ore and HBI producer, announced its operational results for the second quarter of 2013.

OAO Severstal Announces Management Structure Optimization

02 August 2013 - Further to the management and organizational changes announced by OAO Severstal on 15 July, the company announces further changes to optimize its management structure in order to achieve its stated goals of improving efficiency and reducing costs.

Outokumpu Wins a New Contract with Casa de Moneda de Mexico

01 August 2013 - Outokumpu has won a contract with Casa de Moneda de Mexico (The Mexican Mint) supplying coin blanks to support the Latin American marketplace.

Severstal Upgrading Cherepovets Steel Mill's Cold Rolling Mill

01 August 2013 - The Cherepovets Steel Mill, a major integrated steelmaker and part of the Russian Steel division of OAO Severstal, one of the world’s leading steel and steel-related mining companies, announced that it is to upgrade its 4−stand cold reduction mill to improve product quality, reduce costs and increase output.