Steel News

Minnesota Power Completes New Transmission Line to Energize Essar Steel Minnesota Facility

04 April 2013 - Minnesota Power has completed the installation of several related electric infrastructure projects including substations and new transmission lines near Nashwauk, Minn., that will energize Essar Steel Minnesota’s new taconite mine and processing facility.

Minelco Changing Name to LKAB Minerals

04 April 2013 - Minelco and its owner, LKAB, feel now is the time to build one strong global brand together covering the world’s industrial minerals, iron and steel industries, so as of 1 July 2013, Minelco will become LKAB Minerals.

Chung Joon Yang of POSCO Named 2013 AIST Steelmaker of the Year

03 April 2013 - Chung Joon Yang, chairman and chief executive officer of POSCO, will be named “Steelmaker of the Year” at AISTech 2013 — The Iron & Steel Technology Conference and Exposition, managed by the Association for Iron & Steel Technology (AIST).

Pentagon Agrees to Use Only U.S.-Produced Steel for Armored Vehicles

03 April 2013 - In a potential win for domestic steel makers, the Pentagon has agreed to buy only U.S.-made steel for armored vehicles and other military equipment, the Cleveland Plain Dealer reports.

Arkansas Senate Approves Steel Mill Proposal

03 April 2013 - The Arkansas Senate on Tuesday approved Gov. Mike Beebe's proposal to provide Big River Steel with US$125 million in state financing to help build a new steel mill in northeastern Arkansas, the Associated Press reports.

NINL Commissions Steelmaking Facilities in India

03 April 2013 - Neelachal Ispat Nigam Ltd, a joint venture company of MMTC, IPICOL and Odisha Mining Corp., announced the commissioning of its steelmaking facilities at Kalinganagar in Odisha, India, with an investment of Rs 1,640 crore, the Economic Times of India reports.

Corsa Announces Hyundai Steel Contract

03 April 2013 - Corsa Coal Corp. announced that it has entered into a long term sales arrangement with Hyundai Steel Co. to provide its Wilson Creek low volatile coal to Hyundai Steel. 

Schnitzer Steel Reports Second Quarter 2013 Financial Results

03 April 2013 - Schnitzer Steel Industries said higher commodity prices, together with significant improvements in sales volumes in its Metals Recycling Business and car purchase volumes in its Auto Parts Business, drove improved performance sequentially in the quarter as it reported its results for its fiscal 2013 second quarter ended 28 February 2013.

Steel Dynamics Subsidiary Recognized by General Motors as a 2012 Supplier of the Year

03 April 2013 - Steel Dynamics, Inc. announced that General Motors recognized one of the company's subsidiaries, Superior Aluminum Alloys LLC, as one of its best global automotive suppliers on Wednesday, 13 March 2013 during its 21st annual Supplier of the Year awards ceremony.

Power Plant Workers from ArcelorMittal Ostrava Working Without Accidents for Five Years

03 April 2013 - Employees of ArcelorMittal Energy Ostrava, a subsidiary of ArcelorMittal Ostrava in the Czech Republic, have worked more than three and a half million hours without injuries.

Woodings to Provide Equipment for Major Blast Furnace Upgrade in North America

02 April 2013 - Woodings Industrial Corporation, a worldwide leader in the manufacture of metals industry equipment, announced that it has been selected to design and manufacture a substantial amount of equipment for part of a major upgrade of a blast furnace at one of North America’s leading steelmakers.

The Timken Co. Encourages Shareholders to Reject Proposal to Spin-Off Its Steel Business

02 April 2013 - The Timken Company sent a letter urging its shareholders to support the company's proven strategy of creating shareholder value and to vote against Item No. 6 of its proxy statement, the shareholder proposal to spin-off the Steel business.

Danieli Corus to Rebuild AMK Blast Furnace No. 1

02 April 2013 - Danieli Corus has received the order for the rebuild of blast furnace No. 1 operated by Alchevsky Metallurgichesky Kombinat (AMK) of Alchevsk, Ukraine.

EVRAZ Announces Acquisition of Stake in Timir Iron Ore Project

02 April 2013 - EVRAZ plc has signed an agreement to acquire a stake in OJSC “Timir” for a total consideration of RUB4,950 million (approximately US$160 million) to be paid in several installments.

ArcelorMittal Only Mill in Czech Republic Producing Tubes with Polypropylene Coating

02 April 2013 - ArcelorMittal Tubular Products Ostrava, a subsidiary of ArcelorMittal Ostrava, has successfully launched the manufacture of tubes with a new type of coating for the transportation of drinking water and oil and gas.

Large U.S. Steel Manufacturer Adopts Ubisense Smart Factory System

01 April 2013 - Ubisense Group Plc, a U.K.-based leader in location based smart technology, announced that a large U.S. steel manufacturer has selected the Ubisense Smart Factory System for process tracking around its steel manufacturing plant.

Sutor Group Wins Contract to Supply Spiral Seam Pipes for Water Transmission Project

01 April 2013 - Sutor Technology Group, a China-based manufacturer and distributor of high-end finished steel products and welded steel pipes, announced its subsidiary Ningbo Zhehua Heavy Steel Pipe Manufacturing Co., Ltd. won a US$8.6 million contract to supply 11,440 meters of spiral seam steel pipes for a water transmission pipeline project in Zhuji City, Zhejiang Province, China.

CBC News: ArcelorMittal Dofasco Faces 13 Air Quality Charges

29 March 2013 - ArcelorMittal Dofasco is facing 13 environmental charges related to emissions from its smokestacks, CBC News reports.

Sandvik Secures Major Materials Handling Orders

29 March 2013 - Sandvik Mining has secured major materials handling contracts in South America and Australia.

Commercial Metals Co. Reports Second Quarter Earnings, Provides Outlook

28 March 2013 - As it announced its financial results for its second quarter ended 28 February 2013, Commercial Metals Company said the 54.9 reading in the Architecture Billings Index (ABI) in February — the highest reading in over five and half years — will eventually translate into increased domand for its domestic operations, whil continued weakness in most global markets will negatively burden its international segments.