Steel News

Arch Coal Foundation Awards Scholarships to 16 High School Graduates

22 May 2013 - The Arch Coal Foundation announced that 16 recent high school graduates have been chosen as 2013 Arch Coal Scholars.

Grupo Simec Announces Contract Clarification with U. S. Steel

22 May 2013 - During a 5-year period, Grupo Simec will supply tube rounds to the U.S. Steel Tubular Products Division. The company estimates that the contract will generate sales of approximately US$1.3 billion.

ArcelorMittal Kryvyi Rih Repairs Blast Furnace in Record Time

22 May 2013 - ArcelorMittal Kryvyi Rih, the largest producer of rolled steel in Ukraine, has finished the overhaul of its blast furnace number seven after just 26 days. A total of 17 operations were performed on the blast furnace.

Outokumpu Unveils New Vision, Prodcts and Pricing Model; Comments on Its Strategy Progress

22 May 2013 - At Outokumpu Experience, the company’s global event in London for customers, partners and analysts, Outokumpu launched its latest addition to the duplex product family, the FDX platform, introduced a new pricing model and commented on its strategy progress and the Terni divestment process.

Severstal CEO Awarded for Contribution to Latvian Economic Advancement

22 May 2013 - Alexey Mordashov, CEO of OAO Severstal, has been awarded with the Cross of Recognition, Degree III, which is one of Latvia’s highest honors, in recognition of his contribution to Latvia’s economic development.

Sandvik Materials Technology Appoints New Head of Product Area Tube

22 May 2013 - Sandvik Materials Technology has appointed Michael Andersson as the new head of Product Area Tube.

Evraz Returns to Black as Q1 Sales Rise

22 May 2013 - Evraz Highveld Steel and Vanadium reported a return to profitability as it delivered a first quarter profit after suffering significant losses during the first and fourth quarters of 2012.

Baosteel Profit Up 33% to RMB 1.6 Billion in Q1

22 May 2013 - Shanghai Baoshan Iron and Steel Co. (Baosteel) reported a net profit of RMB 1.628 billion (US$262.15 million) for Q1 2013, up 33.3% from a year earlier.

Universal Stainless Achieves Nadcap Heat Treat Accreditation for Bridgeville Facility

21 May 2013 - Universal Stainless & Alloy Products, Inc. has achieved Nadcap Heat Treat accreditation at its Bridgeville, Pa., facility.

Gerdau Expands in Knoxville, Adds 40 New Jobs

21 May 2013 - On Monday, state officials joined representatives from Gerdau to announce they were adding a facility in the WestBridge BusinessPark where workers will take steel rebar manufactured at the current Lonsdale mill and apply finishing services for original equipment manufacturers. The new facility will create approximately 40 new jobs.

Baosteel to Cut Capacity by 30% in Shanghai

21 May 2013 - Baosteel Group Corp has started piling work for the No. 1 blast furnace of its Guangdong-based Zhanjiang plant, seen as a "key battlefield" as it bids to cut 30% of its capacity in Shanghai.

Russula to Upgrade Special Metals Co. Rolling Mill

21 May 2013 - Russula has been selected by Special Metals Company, a PCC company, to upgrade the automation system and drives for its Huntington, W.Va., wire mill.

JSW Ispat Reports Rs 159.33 Crore Net Profit in Q4

21 May 2013 - Helped by deferred tax benefits of Rs 159.33 crore, JSW Ispat Steel, an associate firm of JSW Steel, today reported a standalone net profit of Rs 94.16 crore for the fourth quarter ended March 2013.

Severstal Q1 Net Profit Falls Almost 90% on Lower Prices

21 May 2013 - Russian steelmaker Severstal's IFRS net profit fell 89.7 percent year-on-year in January-March 2013 to $44 million, the company said on Monday, citing weaker demand and lower realized prices as contributing factors.

Novolipetsk 1Q Net Profit Falls 78%, Sees Ongoing Challenges

20 May 2013 - Russian steelmaker Novolipetsk Iron & Steel Corp. (NLMK.RS) said Friday its first-quarter net profit fell 78% on the year earlier to $38 million, noting that challenges in the global steel market remain.

Kobe Steel, U. S. Steel Announce Commercial Production Begins at PRO-TEC CAL Joint Venture

20 May 2013 - Kobe Steel and U. S. Steel announced that the continuous annealing line at their joint venture, PRO-TEC Coating, has commenced commercial production of advanced high-strength steel sheet for automobiles.

MORE to Supply Severstal Columbus with Pneumatic Lime/Dolo-Lime Injection System

20 May 2013 - Severstal Columbus, located in Columbus, Miss., has placed an order with MORE srl (Gemona Del Friuli -Italy) to supply a new pneumatic lime/dolo-lime injection system for its two 165-ton electric arc furnaces.

Severstal Izhora Mill Delivers Pipes for Pipeline Project in Asia

20 May 2013 - ZAO Izhora Pipe Mill, the specialist manufacturer of large diameter pipes made from strip produced by Cherepovets Steel Mill, both enterprises within the Russian Steel Division of OAO Severstal, one of the world’s leading steel and steel related mining companies, has shipped pipes for the construction of the Central Asia — China international gas pipeline.

Severstal North America Announces Executive Leadership Changes

20 May 2013 - Severstal North America announced that effective 1 June Ronald Kostyo is appointed vice president and general manager, Severstal Dearborn; effective 10 June Madhu Ranade is appointed vice president and general manager, Severstal Columbus; and effective immediately Michael Tuomey will serve as interim chief financial officer.

AK Steel's Coshocton Works Recognized for Outstanding Safety Performance

20 May 2013 - AK Steel's (NYSE: AKS) Coshocton (Ohio) Works has been recognized for outstanding safety performance by the Ohio Bureau of Workers' Compensation, Division of Safety and Hygiene.