Steel News

Sandvik High-Temperature Tube Grade Sanicro™ 25 Achieves ASME Boiler & Pressure Vessel Code Approval

24 April 2013 - Developed for advanced ultra-supercritical steam boiler applications in highly efficient next generation power plants, Sanicro™ 25 (UNS S31035) tube grade from Sandvik has now achieved ASME Boiler and Pressure Vessel Code (BPVC) approval.

Steelworkers Oppose Shareholder-Proposed Timken Split

23 April 2013 - The United Steelworkers (USW) said that the union supports Timken Co. management's opposition to a shareholder proposal that calls for splitting the company into distinct bearing and steel divisions.

ThyssenKrupp Electrical Steel Plans to Sell Grain-Oriented Electrical Steel Business

23 April 2013 - ThyssenKrupp Electrical Steel announced it will integrate its non-oriented electrical steel product area into ThyssenKrupp Steel Europe effective 30 April 2013 and plans to sell off its grain-oriented electrical steel business.

AK Steel Posts Net Loss in First Quarter 2013

23 April 2013 - AK Steel noted it will have a seven-day maintenance outage at its Middletown blast furnace in the second quarter at a cost of US$21 million as it reported its first quarter 2013 earnings results.

Michigan Seamless Tube Announces $25 Million Capital Improvement Project

23 April 2013 - MST - Seamless Tube & Pipe's parent company Optima Specialty Steel has committed US$25 million in capital to expand MST’s operations and increase production capacity.

Ruukki Opens New Sales Offices in Canada and Chile

23 April 2013 - In line with its strategy to increase its share of special steel products and develop its distribution and partnership networks, Ruukki has opened new sales offices in Toronto, Canada, and Santiago, Chile, to serve its special steel customers in the Americas.

ThyssenKrupp Steel Europe Awarded German Training & Development Prize 2013

23 April 2013 - ThyssenKrupp Steel Europe AG has been awarded the German Training & Development Prize 2013 for excellence and best practice in connecting talent management, knowledge management and demographic change management in an integrated people management system.

Bloomberg: Serbia Restarts Loss-Making Steel Plant After Nine Months

22 April 2013 - Zelezara Smederevo, Serbia’s sole steel mill, fired up one of its two furnaces today, restarting production after more than nine months as the government looks for an investor in the unprofitable plant, Bloomberg reports.

Steel Dynamics Posts Solid Results in Difficult Market Environment in 1Q13

22 April 2013 - As it reported its first quarter earnings results, Steel Dynamics Inc. said the quarter was challenging from a market perspective, as customer confidence and buying patterns continued to be impacted by global economic uncertainty,

ArcelorMittal Usibor®-AS Patent Case to be Reviewed in District Court

22 April 2013 - In defense of its patent rights, ArcelorMittal filed complaints before the District Court of Delaware on 16 April 2013 to demonstrate that AK Steel, Severstal North America (SNA) and SNA’s coating partner, Wheeling-Nisshin, have infringed upon its Usibor® aluminum silicon coated products patent.

AK Steel Applauds U.S. DOE Transformer Efficiency Ruling

22 April 2013 - AK Steel applauded the U.S. Department of Energy’s (DOE) final ruling on efficiency standards for electrical distribution transformers, which it says ensures that transformers in America will remain among the most energy-efficient in the world, and that high-tech electrical steels will continue to be a competitive material in the marketplace.

Timken Awards Scholarships Worth Nearly $800,000 to Students at 24 Locations Worldwide

19 April 2013 - The Timken Company has awarded scholarships to 38 children of Timken employees at 24 locations in six countries around the world.

KOCKS to Supply the Largest Integrated Steel Mill in ASEAN with 3-Roll Reducing & Sizing Block

19 April 2013 - The Taiwanese Formosa Plastics Group has contracted German company FRIEDRICH KOCKS GmbH & Co KG to supply a 3-roll reducing and sizing block in heavy duty design (RSB) for their Vietnam-based subsidiary Formosa Ha Tinh Steel Corp.

Severstal North America Named Dearborn Business of the Year

19 April 2013 - Severstal North America has been named “Business of the Year” by the Dearborn Area Chamber of Commerce.

Optima Specialty Steel Names Chief Administrative Officer

18 April 2013 - Optima Specialty Steel announced that it has appointed David A. Pryzbylski as chief administrative officer, effective 15 April 2013.

Ternium Awarded Climate Action Member Certificate for Fifth Consecutive Year

18 April 2013 - On 9 April 2013, Ternium received the Climate Action award for the fifth consecutive year, an award given by the World Steel Association based on the data provided by member countries on their CO2 emissions.

Essar Steel Algoma to Receive Liquidity Support from Parent Companies

18 April 2013 - Essar Steel Algoma Inc. announced that its parent companies will, in the aggregate, provide US$50 million of credit support to reinforce the company's liquidity position.

Praxair Starts Up First Air Separation Unit in Bahrain

17 April 2013 - Praxair Bahrain announced the start-up of its first air separation plant in the Kingdom of Bahrain, to supply the United Steel Company with oxygen, nitrogen and argon.

Mike Engestrom Receives AISC Lifetime Achievement Award

17 April 2013 - The Steel Market Development Institute (SMDI) congratulates Michael F. Engestrom, technical marketing director, Nucor-Yamato Steel, who is being presented with the prestigious Lifetime Achievement Award from the American Institute of Steel Construction.

NLMK Chairman Discusses Situation in Global Metals and Mining Sectors

17 April 2013 - Vladimir Lisin, NLMK Group’s chairman of the board of directors, recently shared his views on the current economic outlook and business development opportunities with investors from Russia, Europe and the U.S., discussing the situation in the metals and mining and transport sectors, and the strategic development of NLMK over the next few years.