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Producers
The latest news on the companies producing steel or raw materials used in the iron- and steelmaking process.
Latest News
Severstal to Improve Heavy Plate Quality for South Stream and Power of Siberia Oil and Gas Projects
23 May 2013 - More than 200 million rubles are to be invested into a large-scale project to upgrade the equipment at plate-rolling facility No.3 of Severstal's Cherepovets steel mill.
Tata Steel Reports Consolidated Financial Results
23 May 2013 - As it reported its quarterly earnings results, Tata Steel says severely depressed conditions in Europe are expected to continue over the short-to-medium term and have led to a downward revision of cash flow expectations and the valuation of the Groups’ European operations.
Kentucky Electric Steel Announces $6 Million Capital Improvement Project
23 May 2013 - Kentucky Electric Steel's parent company Optima Specialty Steel has committed US$6 million in capital to provide KES with the ability to produce high-quality round bars with diameters up to 3.75 inches.
Essar Steel Becomes Extra-Wide Plate Manufacturer
23 May 2013 - Essar Steel has joined the ranks of international steel producers who manufacture extra wide plates.
Korean Metallurgist Nominated for 2013 European Inventor Award for Sustainable Steel Production Invention
22 May 2013 - Korean scientist and metallurgist Sanghoon Joo of POSCO, who developed a new energy-efficient, cleaner and faster method of producing steel, has been nominated for the European Inventor Award 2013.
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.
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