Steel News

Gerdau Announces New Mining Strategy

02 November 2012 - As it reported its third quarter earnings results, Gerdau announced it has discontinued its search for a strategic partner for its mining projects; in addition, its iron ore resource deposits in Minas Gerais are 117% larger than previously announced.

ArcelorMittal Ostrava Reducing Emissions with New Deduster

01 November 2012 - ArcelorMittal Ostrava in the Czech Republic has been using a dedusting filter installed last year to reduce dust emissions; in 2011, it reduced its PM 10 dust emissions by almost 40% compared to 2010.

ArcelorMittal Announces Global Results for Third Quarter

31 October 2012 - ArcelorMittal, the world’s largest integrated steel and mining company, announced results for the quarter ended 30 September 2012, commenting that operating conditions remain very challenging due to the slowdown in China.

JFE, Sahaviriya Steel and Marubeni-Itochu Steel Sign Partnership Agreement

31 October 2012 - JFE and MISI will invest US$25 million each in Sahaviriya Steel Industries (SSI), increasing their stakes in the joint venture company, Thai Cold Rolled Steel Sheet. JFE has agreed to support SSI with a continuous supply of steel as well as help to imiprove operational performance through technical cooperation.

Baoshan Steel to Invest $1.3 Billion in Natural Gas Pipeline

31 October 2012 - Baoshan Iron & Steel Co., China’s biggest publicly traded steelmaker, will invest 8 billion yuan (US$1.3 billion) in a natural-gas pipeline as overcapacity and higher raw material costs squeeze its profit margins for steel.

Brazil Steel Use to Grow in 2013 on World Cup, ArcelorMittal Says

30 October 2012 - Brazil’s steel demand will grow at least 5% next year as the government prepares Rio de Janeiro for the 2014 soccer World Cup and the 2016 Olympic Games, ArcelorMittal says, according to Bloomberg Businessweek.

U.S. Steel Reports Profitable Third Quarter

30 October 2012 - The United States Steel Corporation reported positive third quarter earnings as its tubular segment posted solid results despite declining rig activity, pricing pressure and elevated import levels; its flat-rolled and European segments were also profitable but continue to be challenged by difficult economic conditions.

Essar Steel Algoma Announces CEO Resignation

30 October 2012 - Essar Steel Algoma Inc. announced that CEO James Hrusovsky has tendered his notice of resignation to be effective 1 November 2012. He will also resign as a Director of the company.

ArcelorMittal Dofasco Pollution Belch Lasted Seven Minutes

29 October 2012 - The emissions that caused a black cloud of pollution to hang over ArcelorMittal Dofasco Sunday were cut off after seven minutes, according to the steelmaker, the Hamilton Spectator reported.

Grupo Simec Reports Lower Shipments, Pricing

29 October 2012 - Mexican long product prodcuer Grupo Simec announced its results of operations for the quarter and nine-month period ended 30 September 2012.

Ken-Mac Division of ThyssenKrupp Materials NA Purchases Cut-to-Length Line from Herr-Voss Stamco

26 October 2012 - Herr-Voss Stamco announced that they are providing a new state-of-the-art cut-to-length line for Ken Mac Metals Division of ThyssenKrupp Materials North America, Inc.. This new line will process material with a thickness range of .075" to .312" x 72" wide.

Italy Grants Ilva Steel Mill License With Strict Terms

26 October 2012 - Italy’s environment ministry on Friday gave steelmaker ILVA authorization to keep running its factory in southern Italy as long as it complies with strict conditions to reduce emissions and clean up the plant, Reuters reports.

Oleg Bagrin Elected President of NLMK

26 October 2012 - NLMK announced that its shareholders officially elected Oleg Bagrin as NLMK President (Chairman of the Management Board).

U.S. Steel Laying Off 40 Employees

26 October 2012 - U.S. Steel is laying off 40 hourly employees at its Lorain Tubular Operations in Ohio. Workers were informed yesterday afternoon and told the cuts were due to "business conditions," the Morning Journal reports.

Winterization Begins at RG Steel in Warren

26 October 2012 - Workers last week began the timely and expensive process of protecting infrastructure inside the former RG Steel Mill in Warren, Ohio, against damage from frozen pipes as winter approaches.

Severstal NA Wins Gold Medal of AIST Reliability Achievement Award

26 October 2012 - Severstal North America, one of the largest U.S.-based flat-rolled steel producers, is pleased to announce that it was selected as the Gold Medal winner of the 2012 Association for Iron and Steel Technology (AIST) Reliability Achievement Award. The award, open to all North American iron and steel producers, recognizes an individual project that has had significant impact on operational reliability.

Steel Dynamics Awards SBQ Plant Expansion Contract to SMS Meer

25 October 2012 - Steel Dynamics awarded the contract for a major expansion of its SBQ plant at its Pittsboro, Ind., works to SMS Meer. This upgrade is to integrate a new reheating furnace, a roughing mill and a new threeroll PSM® (Precision Sizing Mill) into the facility.

Gerdau Unveils New Continuous Caster in Michigan

25 October 2012 - Gerdau has completed construction of a new continuous caster at its Monroe, Mich. facility; the caster was showcased at a ribbon cutting ceremony held on 24 October 2012.

Timken Reports Third Quarter Results Impacted by Fragile Economy, Declining Demand

25 October 2012 - The Timken Company reported lower sales in the third quarter due to weak demand, lower surcharges and the impact of currency, and is expecting even lower shipments to customers in many of its global markets in the fourth quarter.

Recycling Wasted Heat and Power Could Clean the Air

25 October 2012 - ArcelorMittal Steel USA is finding an uncommon way to beat the competition: It is cutting energy consumption at one of its steel plants in Chicago by re-using heat to make electricity. It says that it is saving $100 million a year by creating an extra 75 megawatts of emissions-free electricity, according to a Forbes report.