Steel News

Sutor Technology Group to Supply 12,000 Tonnes of Spiral Seam Pipes to Dredging Company

21 August 2012 - Sutor Technology Group Limited has entered into a supply agreement for 12,000 tonnes of spiral seam steel pipes with Middle East Dredging Company, a company established in Qatar and specialized in capital dredging works.

Gerdau Steel Plant Gets $4 Million Upgrade to Boost Energy Efficiency

21 August 2012 - Gerdau Special Steel North America recently gave its Napoleon Township, Mich., plant a $4 million upgrade to further boost its energy efficiency and environmental standards.

Steel Dynamics Appoints James Trethewey and Traci Dolan to Board of Directors

21 August 2012 - Steel Dynamics, Inc. announced that on 16 August 2012, its board of directors, upon the recommendation of its Corporate Governance and Nominating Committee, appointed James A. Trethewey and Traci Dolan to the company's board of directors.

JFE to Provide Technology for Development of Auto Steel to JSW

20 August 2012 - JFE Steel Corporation has signed an agreement with its strategic partner, JSW Steel Limited, to provide manufacturing technology for the production of automotive steel in cold rolling mill 2 (CRM-2) at Vijaynagar, India, which is expected to start operations by autumn 2013.

Alberta Adopts ASTM A1035 Steel as Corrosion Protection Solution for Bridge Roadways

20 August 2012 - The Province of Alberta, Canada recently updated its Bridge Structure Design Criteria Version 7.0 to reflect that ASTM A1035 corrosion resistant reinforcing steel manufactured by MMFX Steel or solid stainless steel are the only two acceptable reinforcing steel technologies for use in Exposure Class 2 bridges in Alberta.

BlueScope Steel Reports Earnings Performance

20 August 2012 - BlueScope reported a $1,044 million net loss after tax (NLAT) for FY2012. This compares with a $1,054 million reported NLAT in FY2011.

China Industrial Steel Reports Results for the Second Quarter

20 August 2012 - China Industrial Steel, a steel plate and bar producer, announced its earnings performance for the three months ended 30 June 2012; sales declined 33% year-on-year while net income fell 83%.

Siemens Receives Final Acceptance Certificate for New Bar Mill from Chinese Special Steel Manufacturer Dong Bei

20 August 2012 - Chinese steel producer Dong Bei Special Steel Group Co. issued Siemens VAI Metals Technologies the final acceptance certificate for a new bar mill at their site in Dalian in the province of Liaoning.

Evraz Granted a License to Supply Railway Wheels to North America

20 August 2012 - EVRAZ NTMK has successfully passed another stage of the qualification process to supply wheels to North American railways: the high quality of grade Н36 railway wheels was confirmed by the Association of American Railroads.

Wheeling-Nisshin Announces Expansion for ZAM® Production

20 August 2012 - Wheeling-Nisshin, Inc. announced the company’s intention to expand operations at its facility in Follansbee, W.Va. This is Wheeling-Nisshin’s third major expansion during its 25 year history in the state of West Virginia.

Steel Dynamics Roanoke Bar Division Announces Prices Increase

17 August 2012 - Steel Dynamics Roanoke Bar Division is raising the price of reinforcing bar $30.00 per ton or $1.50/cwt effective with shipments 1 September 2012.

Mukand and Sumitomo Establish Joint Venture for Longs Processing in India

17 August 2012 - India’s Mukand Limited and Japan’s Sumitomo Corporation have agreed to establish a joint venture company for the secondary processing of specialty steel long products in India. Mukand will hold a 60% interest in the company and Sumitomo will hold the remaining 40%.

Ruukki Discusses Energy Efficiency as a Business Opportunity in the Steel Industry

17 August 2012 - Companies worldwide increasingly realize and acknowledge that sustainability is not merely a necessary means for maintaining and enhancing their reputation and corporate culture, but also presents numerous opportunities for driving business. In the steel industry, it poses a business opportunity for the manufacturer, but also for the customer and end-user.

Judge Approves Sale of RG Steel Assets

16 August 2012 - A federal bankruptcy judge in Delaware has approved the sale of assets of steelmaker RG Steel in Ohio and Maryland.

Gerdau Produces Steel Piece Weighing Over 100 Tonnes

16 August 2012 - Gerdau, at its operation in Spain, produced a steel part of over 100 tonnes for one of the largest manufacturers of industrial presses in the world.

NLMK Creates New Position of Executive Vice President

16 August 2012 - NLMK, a leading global steel company, announced the appointment of Oleg Bagrin, a Member of the Board of Directors and Chairman of the Strategic Planning Committee, to the newly created position of Executive Vice-President.

Gerdau Volunteer Olympics Benefits More than 76,000 People

16 August 2012 - With record numbers of participation of employees, the Gerdau Volunteer Olympics benefited 76,000 people this year in nine countries where the company operates.

China Gerui Advanced Materials Group Announces Second Quarter 2012 Results

15 August 2012 - China Gerui Advanced Materials Group Limited, a high precision cold rolled steel producer in China, achieved reasonable revenue and cash flow generation in the second quarter despite a weak pricing environment and challenging domestic market conditions.

Outokumpu Tornio Receives Environmental Permit Enabling Commissioning of Ferrochrome Extension

15 August 2012 - The Regional Administration of Northern Finland (PSAVI) has granted the Outokumpu Tornio site an environmental permit for its operations. The permit will enable the commissioning of the extension to the ferrochrome production capacity already under construction in the autumn of 2012 as planned.

ALJ Regional Holdings Reports Third Quarter Results

15 August 2012 - ALJ Regional Holdings, Inc., parent company of Kentucky Electric Steel, announced revenue of $42.1 million and net income of $2.52 million for its fiscal third quarter ended 30 June 2012.