Steel News

Mechel Board of Directors Announces Revised Strategy, Including Divestments

25 September 2012 - Mechel OAO's Board of Directors held a meeting on 21 September 2012, with the agenda including, among other issues, the measures on restructuring the Group's assets in order to improve the company's financial performance and increase its shareholder value, in view of the revised strategy approved in May this year.

Construction Still On-Going at Essar Steel Minnesota

25 September 2012 - Despite rumors to the contrary, construction is still continuing at the Essar Steel Minnesota site near Nashwauk, according to a report from the Grand Rapids Herald-Review.

Man of Steel: A Press-Register Interview with the Departing CEO of ThyssenKrupp Stainless USA

24 September 2012 - Before ThyssenKrupp Steel USA decided to sell its complex in Calvert, before the $5 billion facility was even built, Ulrich Albrecht-Frueh was in Alabama, helping plan the future of the Washington County plant.

AIC Supplies New PLC & HMI System to Texas Reroller

24 September 2012 - AIC recently successfully accomplished a new PLC & HMI automation system for the control of the light profiles rolling mill of W. Silver Plant in El Paso, Texas.

Worthington Industries Recognizes Truck Drivers During National Truck Driver Appreciation Week

21 September 2012 - Worthington Industries is joining with the entire trucking industry this week to honor the 3.1 million professional truck drivers that log close to 398 billion miles each year to deliver America’s freight, including steel.

Outokumpu Submits Remedy Proposal to the EU Commission in Relation to Inoxum Transaction

20 September 2012 - The EU Commission has informed Outokumpu that the approval of the proposed combination of Outokumpu and Inoxum will require an industrial remedy whereby Outokumpu divests a portion of the combined operations of Inoxum and Outokumpu. Following discussions with the EU Commission, Outokumpu has filed a remedy proposal in relation to the Inoxum transaction.

Gerdau Invests in Environmental Protection in Plants in Colombia and the United States

19 September 2012 - Gerdau has invested in the modernization and improvement of its dust removal systems in plants Tuta, Colombia, and Jackson, Michigan, USA.

General Steel Begins Construction on Advanced Rebar Production Line at Longmen Joint Venture

19 September 2012 - General Steel Holdings, Inc. announced its plan to initiate construction on a state-of-the-art, 900,000 tonne seismic-grade rebar production line at its principal manufacturing facility, Longmen Joint Venture, located in Hancheng City, Shaanxi Province, China.

Tata Steel Secures Another Major High-Speed Rail Order in France

19 September 2012 -  Tata Steel has secured another major high-speed rail order in France; the steelmaker will supply about 50,000 tonnes of rail for the new Brittany-Loire Valley line, which will connect the cities of Le Mans and Rennes.

Evraz Announces Five Year Contract with Uralvagonzavod

19 September 2012 - EVRAZ plc has signed a five year contract with UVZ agreeing the supply of metal products.

Siemens Wire Rod Mill Boosts Capacity for Chinese Steelmaker

19 September 2012 - Chinese carbon product producer Hanzhong Iron & Steel Group Company, Ltd. will expand its capacity with a new wire rod mill supplied by Siemens VAI Metals Technologies.

SMS Meer to Supply Tube Welding Plant with Finishing Line to Arvedi

18 September 2012 - Arvedi Metalfer Do Brasil in Salto, Brazil, has placed an order with SMS Meer for the supply of an RD 140 HF tube welding machine including a finishing line.

Nucor Announces Guidance for Its Third Quarter Earnings

18 September 2012 - Lower steel margins due to rising imports and slowing economic growth both domestically and globally has prompted Nucor to release third quarter earnings guidance similar to the second quarter but down signficantly from the third quarter of last year.

Metinvest Reconstructs Ilyich Sheet Mill

18 September 2012 - The Metinvest group invested US$3.7 million to repair and modernize its PJSC Ilyich Iron and Steel Works' sheet mill.

Simetal Merim Dry-Type Dedusting Plant to be Installed at Kardemir in Turkey

18 September 2012 - The Turkish steelmaker Kardemir has ordered a Simetal Merim dry-type dedusting plant from Siemens VAI Metals Technologies.

First Batch of ArcelorMittal Galati Interns Graduate

18 September 2012 - The first batch of ArcelorMittal Galati interns have graduated summer school. 20 students from Romania, one from France and one from China studied and worked on practical projects which covered real production situations to be improved.

ArcelorMittal Announces US$50 Million Investment to Restart Monessen Coke Facility

17 September 2012 - ArcelorMittal announced a US$50 million capital investment for improvements to modernize and upgrade the company’s coke operations in Monessen, Pa.

Siemens Installs Slag Stopper System on Converters at ArcelorMittal Belgium

17 September 2012 - ArcelorMittal Belgium NV has placed an order with Siemens VAI Metals Technologies for the supply of two Simetal Vaicon stoppers. The slag stopper systems will be installed on two 300-ton LD converters at ArcelorMittal’s Gent works.

Evraz Signs MoU with GHH-Valdunes International

17 September 2012 - EVRAZ plc and GHH-Valdunes International have signed a Memorandum of Understanding that outlines both parties’ intention to collaborate in the marketing and distribution of their steel wheel products.

ArcelorMittal Plant in Liege Threatened with Closure

17 September 2012 - ArcelorMittal, the world’s largest steelmaker, said on Monday, 17 September it had abandoned a plan to invest 138 million euro (US$181.4 million) in a steel plant in Belgium, threatening it with full closure, according to a Reuters report.