Steel News

Voestalpine Reports High Degree of Stability Despite Challenging Times

07 February 2013 - The voestalpine Group reported its fiscal third quarter results, noting that it expects similar results in the current quarter as seasonal factors and a challenging economic environment continue.

ALJ Completes Sale of Kentucky Electric Steel to Optima Specialty

06 February 2013 - ALJ Regional Holdings, Inc. has completed the sale of its majority-owned subsidiary, KES Acquisition Co., which includes Kentucky Electric Steel, to Optima Specialty Steel, Inc. for US$112.5 million.

ArcelorMittal Reports 2012 Results; Provides Outlook for 2013

06 February 2013 - As it announced its fourth quarter and full year results, ArcelorMittal said 2012 was a very difficult year for the steel industry, particularly in Europe, and that it expects to ship just 2–3% more steel this year.

ArcelorMittal Flat Carbon Europe Reports Large Operating Losses

06 February 2013 - ArcelorMittal's Flat Carbon Europe segment posted large operating losses in the fourth quarter and full year of 2012 as European steel demand remains weak.

SMS Concast to Supply EAF to El Marakby Steel

06 February 2013 - SMS Concast is supplying a 350,000 tonne per year electric arc furnace to long steel producer El Marakby Steel in Giza, Egypt.

Danieli Corus Successfully Hot Commissions First Sublance System for JSW Steel

05 February 2013 - On 4 February 2013, Danieli Corus and JSW Steel successfully started the operation of the first sublance in India, proving the feasibility of sublance-based BOF process control in the Indian steel industry, where exceptional slag compositions found in BOF shops were previously thought to be prohibitive.

Ternium Named in CSN Lawsuit in Brazil

05 February 2013 - Ternium S.A. announced that it was made aware by Tenaris S.A. of the filing of a lawsuit in Brazil by Companhia Siderúrgica Nacional (CSN) and various entities affiliated with CSN against Ternium Investments S.àr.l., its subsidiary Siderar, and Confab Industrial S.A., a Brazilian subsidiary of Tenaris.

Fitch: Weak Steel Market Means Iron Ore Rally Likely to End Soon

05 February 2013 - The sharp rebound in iron ore prices over the last couple of months will hurt margins at non-integrated steel producers in the first quarter of 2013, but is unlikely to be sustainable due to the weak demand for steel, Fitch Ratings says.

U. S. Steel Names Patrick J. Mullarkey Plant Manager — Fairfield Tubular Operations

05 February 2013 - United States Steel Corporation announced that Patrick J. Mullarkey has been named plant manager — Fairfield Tubular Operations, part of United States Steel Tubular Products Inc., located near Birmingham, Ala. effective 1 February 2013.

Report: Better Times on the Horizon for Steelmakers Who Survive 2013

05 February 2013 - The latest global steel report from Ernst & Young says excess steelmaking capacity globally will remain the biggest issue for the sector this year. It also questions the assumption that vertical integration in the sector adds value.

Siemens Applying New Rail Technology for First Time in Chinese Long Products Rolling Mill

05 February 2013 - Chinese steel producer Baotou Iron & Steel has awarded Siemens Metals Technologies an order for the supply of a new facility for the inline thermal treatment of heavy-duty rails, to be installed in one of the two company's long product rolling mills in Baotou, Inner Mongolia. This will include the world's first application of an advanced technology for rail hardening.

Abinsk Electric Steel Works Orders Two Roughing Stands from SMS Meer

04 February 2013 - Abinsk Electric Steel Works from the Krasnodar Region of Russia has placed an order with SMS Meer to upgrade its high-speed rebar rolling mill.

Severstal Signs Long Term Contracts with Russian and CIS Auto Companies

04 February 2013 - So far in 2013, OAO Severstal has signed one-year metal-roll contracts with GAZ Group, Sollers, KAMAZ, GM Uzbekistan and Volkswagen as well as half-year contracts with HYUNDAI-KIA, Renault-Nissan and Eurodisk, and quarterly contract with ZAZ.

NLMK Kaluga Works Installation Approaches Completion

04 February 2013 - The installation of main facilities at NLMK Kaluga’s EAF and rolling shops in Russia is now in its closing stage.

U. S. Steel Commissions US$500 Million C Battery at Clairton Coke Works

01 February 2013 - On 31 January 2013, the United States Steel Corporation successfully commissioned the largest capital project in the history of the company’s Mon Valley steel works — the more than 900,000 tons per year C battery at its Clairton coke plant.

Uzbek Metallurgical Plant Orders Ladle Furnace, Vacuum Degasser and Dedusting Plant from Adrem Invest

01 February 2013 - Uzbek Metallurgical plant has ordered from Adrem Invest SRL, an affiliated company of MTAG Technology AG and MTUS Technology Inc., a new 100 ton ladle furnace, vacuum degassing and de-dusting plant.

Allegheny Technologies Announces Operations Management Changes

01 February 2013 - John D. Sims has been named executive vice president, primary titanium operations, and engineered alloys and products at Allegheny Technologies Inc.

China Steel Industry Profits Plunge 98% in 2012

01 February 2013 - The combined profits of China's major steelmakers crashed by more than 98% in 2012 as growth in the economy of the world's largest steel producer slowed, Business Insider reports.

NLMK to Minimize Air Emissions with New Dedusting System

01 February 2013 - Novolipetsk, NLMK’s main production site in Lipetsk, Russia, continues to hot test its new dedusting systems and high-capacity new-generation filters at the hot metal pouring section in BOF shop No.2 – one of major sources of graphite emissions into the air.

Ilva May Consider New Investors, Recapitalization

01 February 2013 - Gruppo Riva may seek new investors and raise capital at its Ilva steel plant, which was partially shut by prosecutors probing environmental violations, Chairman Bruno Ferrante said, according to Bloomberg.