Steel News

Ruukki Reports A Signficant Decrease in Emissions at Its Raahe Works

13 February 2013 - Process changes and the replacement of dust removal devices significantly reduced particulate emissions in 2012 at Ruukki’s Raahe Works in Finland, in line with company targets to reduce emissions by over 80% compared to 2011.

ThyssenKrupp Profit Falls as Slowdown Cuts Demand

12 February 2013 - ThyssenKrupp AG, Germany’s biggest steelmaker, said profit slumped 38 percent in the fiscal first quarter as the global economic slowdown eroded demand, Bloomberg reports.

ArcelorMittal Ostrava Reducing Lime Dust Emissions By 100 Tons Per Year

12 February 2013 - ArcelorMittal Ostrava has invested in reducing dust emissions and the improvement of working conditions at its steel plant, completing the installation of equipment for the dedusting of lime routes.

Tata Steel Restarts Port Talbot Blast Furnace

12 February 2013 - Tata Steel has restarted its second blast furnace at the Port Talbot steelworks in the UK following the completion of a £185 million rebuilding project.

MST - Seamless Tube & Pipe Completes Pickle House Expansion

11 February 2013 - MST - Seamless Tube & Pipe (MST), a leading manufacturer of high-quality carbon and alloy seamless cold-drawn pipe and tube, announced that it has completed construction of a new 9,600 square foot pickle house, the fifth such structure at MST’s 320,000 square foot facility.

SSAB Announces 2012 Results and 2013 Outlook

11 February 2013 - As SSAB reported its results for 2012, CEO Martin Lindqvist commented on market conditions and expectations for the coming year, noting that the weak trend in order inflow pertains particularly to the European market, but North American and Asian customers also adopting a wait-and-see approach.

ThyssenKrupp Steel Europe Institutes Optimization Program, Cost-Cutting Measures

11 February 2013 - ThyssenKrupp Steel Europe plans to implement cost-cutting initiatives, including reducing its workforce by over 2,000 emploees, as all of ThyssenKrupp's business areas are being required to contribute towards increasing efficiency and gaining an edge in terms of profitability.

ThyssenKrupp Steel Americas Bidders Team Up, Sources Say

11 February 2013 - Bidders competing for ThyssenKrupp AG's loss-making U.S. and Brazilian steel mills are teaming up in an effort to make the investment more digestible, according to people familiar with the transaction, Reuters reports.

Charter Manufacturing Enters Fourth Generation of Family Leadership

11 February 2013 - Charter Manufacturing Co. announced chairman and CEO John A. Mellowes will step down from his day-to-day duties in July as his two sons take on the top leadership roles with the company.

Ruukki Studying New Grades of Iron Pellets with Severstal

11 February 2013 - Ruukki Metals has initiated cooperation with Russian PJSC Karelsky Okatysh, a fully-owned subsidiary of the Severstal Group, to develop new grades of iron pellets.

Essar Steel Minnesota Signs Landmark Iron Ore Pellet Off-Take Agreement with ArcelorMittal USA

11 February 2013 - Essar Steel Minnesota LLC announced it has entered into a long term iron ore pellet off-take agreement with ArcelorMittal USA.

Nippon Steel & Sumitomo Metal Receives 2012 Top 100 Global Innovator Award

08 February 2013 - Nippon Steel & Sumitomo Metal Corporation (NSSMC) has received a Thomson Reuters 2012 Top 100 Global Innovator Award, which honors the world’s top 100 most innovative corporations and institutions.

ArcelorMittal Liberia Announces Scholarship Winners

08 February 2013 - Five young Liberians have been awarded the ArcelorMittal Liberia Advanced Studies Scholarship Programme, with three recipients starting their studies last month.

Tata Steel Upgrades Research Facility to Develop Ultra-High Strength Auto Steels

07 February 2013 - Tata Steel Europe has started up an advanced facility in the Netherlands to develop crash-resistant steels designed to make cars safer and more fuel-efficient.

Severstal Ranked as Third Most Competitive Steelmaker

07 February 2013 - OAO Severstal, a Russia-based steel and steel-related mining company, has been ranked as the third most competitive global steelmaker in 2012 in a report by World Steel Dynamics.

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.