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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
Schnitzer Steel Reports Fiscal First Quarter 2013 Results
08 January 2013 - For the quarter ended 30 November 2012, Schnitzer Steel Industries reported lower sales volumes and compressed margins due to the combination of declining trend in selling prices, the impact of constrained supply columes on production costs and the timing of shipments.
ThyssenKrupp Stainless USA Changes Name to Outokumpu Stainless USA; Seeks to Fill 150 New Positions
08 January 2013 - As a result of the sale of ThyssenKrupp’s stainless unit to Outokumpu, ThyssenKrupp Stainless USA has changed its name to Outokumpu Stainless USA and is looking to fill 150 new full time positions.
ThyssenKrupp Stainless USA Changes Name to Outokumpu Stainless USA; Seeks to Fill 150 New Positions
08 January 2013 - As a result of the sale of ThyssenKrupp’s stainless unit to Outokumpu, ThyssenKrupp Stainless USA has changed its name to Outokumpu Stainless USA and is looking to fill 150 new full time positions.
Charter Manufacturing Co. Purchases Wells Manufacturing Co.
07 January 2013 - In December, Charter Manufacturing Co. acquired Dura-Bar and DuraBar Metal Services as part of its stock purchase of Illinois-based Wells Manufacturing Co.
Fate of Closed Mingo Junction Steel Plant Still in Limbo
07 January 2013 - A rich and proud history of steelmaking may have come to an end for Martins Ferry, as the RG Steel plant sits quiet following its recent $2 million purchase by Quay Mull and Joseph N. Gompers, the Times Leader reports.
Cheap U.S. Gas Prices Could Make BlueScope DRI Factory Viable
07 January 2013 - The Australian suggests that a DRI plant, to be located at BlueScope’s hot-rolled products factory in Ohio, could be announced in March or later, Manufacturers' Monthly reports.
Commercial Metals Co. Reports First Fiscal Quarter Results and Outlook
07 January 2013 - As Commercial Metals Co. reported its earnings results for the quarter ended 30 November 2012, it said there is growing evidence of an emerging recovery in domestic construction markets, which is encouraging for future quarters.
Fives DMS Achieves New Cold Rolling Mill Speed Record at TISCO
07 January 2013 - This summer, Fives DMS commissioned a cold rolling mill for TISCO at its plant in Taiyuan, China, that was able to achieve a maximum speed of 1,200 meters per minute for cold rolling stainless steel. This pulverizes the previous world record, which stood at 1,000 m/min.
Nucor Cold Finish – Nebraska Earns Special Supplier Recognition
04 January 2013 - Nucor Cold Finish – Nebraska, a division of Nucor Corporation, has earned recognition as a partner-level supplier for 2012 and was also named Enterprise Supply Management Supplier of the Year in the John Deere Achieving Excellence Program.
Operations Unaffected by Steam Explosion at Essar Steel Algoma
03 January 2013 - A steam explosion at Essar Steel Algoma's steelworks in Sault Ste. Mario, Ont., Canada, in the early morning of 3 January 2013 did not affect operations, according to a report from Sootoday.com Additionally, no injuries were reported.
VSP Begins Work on Blast Furnace Gas-Based Captive Power Plant
03 January 2013 - The Visakhapatnam Steel Plant (VSP) in India today commenced the structural erection work, equipment erection of boiler and other civil works at the '120 MW Blast Furnace gas-based Captive Power Plant-II," the Economic Times reports.
South Korean Steelmakers Fined US$273 Million for Price Fixing
03 January 2013 - Posco, Hyundai Hysco Co. and five other South Korean steelmakers were fined a combined 291.7 billion won (US$273 million) for fixing the price of some products, Bloomberg reported.
Chinese Firm Plans US$11 Billion Rail, Port, Steel Projects in Cambodia
03 January 2013 - Two Chinese companies have reached a deal to build a 400-km (250-mile) rail line, a steel plant and a sea port in Cambodia worth a combined US$11.2 billion in what would be by far the impoverished country's biggest-ever investments, Reuters reports.
Harsco Captures US$225 Million Multi-Year Services Contract with India's Largest Steel Producer
03 January 2013 - Diversified global industrial company Harsco Corporation announced a new multi-year contract valued at more than US$225 million for onsite services to India's largest steel producer, JSW Steel.
Outokumpu Completes Inoxum Transaction
02 January 2013 - Outokumpu announced the completion of the Inoxum transaction. The company now hold close to 40% of the stainless steel market share in Europe and 12 globally.
Timken Acquires Wazee Companies, Expands Industrial Service Offerings
02 January 2013 - The Timken Company announced its acquisition of the assets of Wazee Companies, LLC, a regional leader providing motor, generator, wind and industrial crane services to diverse end markets including oil and gas, wind, agriculture, material handling and construction.
Shale Gas Revolution Spurs Wave of New U.S. Steel Plants
02 January 2013 - The U.S. shale-gas revolution, which has revitalized chemicals companies and prompted talk of domestic energy self-sufficiency, is attracting a wave of investment that may revive profits in the steel industry, the Pittsburgh Post Gazette reports.
Outokumpu Appoints Johann Steiner as EVP — Human Resources
02 January 2013 - Outokumpu has appointed Johann Steiner as executive vice president — human resources and health, safety and sustainability.
Outokumpu Appoints Tamara Weinert as VP — Investor Relations
02 January 2013 - Mrs. Tamara Weinert has been appointed as vice president — investor relations at Outokumpu as of 28 December 2012.
ArcelorMittal to Sell a 15% Interest in ArcelorMittal Mines Canada for US$1.1 Billion
02 January 2013 - ArcelorMittal has agreed to sell a 15% interest in ArcelorMittal Mines Canada to a consortium led by POSCO and China Steel Corporation for US$1.1 billion.
