Steel News

Timken Shareholders Support Proposal to Spin Off Steel Business

07 May 2013 - Timken shareholders voted to support the non-binding shareholder proposal to spin off the company's Steel business with approximately 47% of the outstanding shares voted for the proposal and 41% of the outstanding shares voted against the proposal.

CMI Services to Supply ArcelorMittal with 80 Continuous Casting Crosspieces

07 May 2013 - At the end of April, CMI Tech5i/Pastor, the CMI Services business unit based in Fos-sur-Mer, France, won a contract with ArcelorMittal Fos-sur-Mer for the supply of 80 continuous casting crosspieces.

Outokumpu Stainless Steel Creates Lighter Tanks and Lower Maintenance Costs

07 May 2013 - Outokumpu delivered 150 tons of stainless steel sheet for the construction of storage tanks by Japrotek, a Finnish company that produces agitators, pressure vessels and large tanks, built on site, for the process industries.

Steel Dynamics, Inc. Announces Management Appointments

06 May 2013 - Steel Dynamics, Inc. announced two senior level management appointments.

London Business School MBA Students to Provide Consultancy Work for Severstal

06 May 2013 - OAO Severstal is extending its partnership with the London Business School (LBS). As part of the LBS’s Executive MBA course, students will deliver a management consultancy project for Severstal focused on the development of its mining business in Africa.

Universal Stainless Says Demand Recovery Proceeding Slowly

03 May 2013 - As it reported its first quarter 2013 results, Universal Stainless & Alloy Products, Inc. said it saw increased tons shipped to most major end markets, with shipments to aerospace up 5%, power generation up 17%, heavy equipment up 27%, and general industrial market up 124%, offset by 23% lower shipments to the oil and gas market, all in comparison to the fourth quarter of 2012.

Accenture to Provide Business Process Outsourcing Services to SSAB

03 May 2013 - Accenture has signed a seven-year business process outsourcing agreement to provide SSAB with finance & accounting, customer care and procurement services.

Rautaruukki and Ruukki Group Settle Name Dispute

03 May 2013 - Rautaruukki Corporation (Ruukki) and Ruukki Group Plc have settled their name dispute. Consequently Ruukki Group is to change its names. Ruukki Group is to assign all its rights to the Ruukki name and Ruukki trademark to Rautaruukki.

Largest Steel Industry Conference Opens on Monday in Pittsburgh

02 May 2013 - AISTech 2013, North America’s largest annual steel conference and exposition of the year, opens on Monday, 6 May at the David L. Lawrence Convention Center, Pittsburgh, Pa., USA.

Wheeling-Nisshin Announces Organizational Change

02 May 2013 - Nisshin Steel Co. announced that Mr. Takuya "Tuck" Hashida will return to a new assignment in Japan in late June 2013. Mr. Hashida will be replaced by Mr. Tetsuhiko "Tanner" Okano. Mr. Okano will assume the role of executive vice president of manufacturing.

New Reversing Cold Mill Launched at Starcore in Thailand

02 May 2013 - Esmech Equipment Pvt. Ltd., an Indian joint venture partner of SMS Siemag, has successfully put into operation the new reversing cold mill at Starcore Co. Ltd. in Rayong, Thailand.

Bahru Stainless Puts 20-Roll Millstand from SMS Siemag into Operation

01 May 2013 - The first strip was successfully rolled on the new 20-roll cold-rolling stand at Bahru Stainless SDN BHD in Johor Bahru, Malaysia.

Mechel Signs Supply Agreement with POSCO

01 May 2013 - Mechel's mining division trading subsidiary Mechel Carbon (Singapore) Pte. Ltd. has signed a three-year contract with South Korea's POSCO Corporation for supply of coking coal.

Cliffs Natural Resources' Leader says Company is 'Headed in the Right Direction'

01 May 2013 - As the company reported its first quarter earnings results, Cliffs Natural Resources' chairman, president and CEO Joseph Carrabba said the company in headed in the right direction and anticipates the end markets for its products to remain healthy.

SSAB Foresees Weak Growth in Europe, a Slow Recovery in the U.S., and Continued Solid Demand in Latin America

01 May 2013 - SSAB said the first quarter of the year was characterized by a degree of restocking by customers, which had a positive impact on the company's volumes within all business areas.

U. S. Steel Posts $73 Million Net Loss in First Quarter

30 April 2013 - As it reported its first quarter earnings, U. S. Steel projected flat-rolled market conditions in North America for the second quarter to be comparable to the first quarter.

Outukumpu Reports Quarterly Results in Challenging Stainless Steel Market

30 April 2013 - For the second quarter, Outokumpu expects sequentially flat or slightly lower delivery volumes, weaker product mix and increased uncertainties from the nickel price development to be partially offset by the positive effects of its Ferrochrome and Calvert ramp-ups.

Carpenter Technology Reports Gains and Challenges in Third Fiscal Quarter Results

30 April 2013 - Carpenter Technology Corp. reported net income of US$32.9 million for the quarter ended 31 March 2013, noting solid growth in the aerospace and energy markets but also increased customer deferrals.

Financial Investors Fuel Metals Deal Activity in the First Quarter of 2013

30 April 2013 - Deal activity in the U.S. metals sector declined dramatically during the first quarter of 2013, with total volume of transactions at its lowest since the first quarter of 2009, and total deal value just above that of the first quarter of 2010, according to a just-released report from PwC's Industrial Products practice.

Republic Steel Enters Supply Agreement with U. S. Steel

29 April 2013 - Grupo Simec's subsidiary Republic Steel has entered into a 5 year supply agreement with United States Steel Corporation, to provide tube rounds to the U.S. Steel Tubular Products Division.