Steel News

Tenova LOI Italimpianti Receives Final Acceptance Certificate from Sinosteel

30 July 2012 - Tenova LOI Italimpianti Genoa has successfully received the FAC (Final Acceptance Certificate) for the three carbon baking furnaces installed in the green field plant belonging to Sinosteel Corporation in Changing County, China. 

Sumitomo Metals Investing in Plate Mill in Thailand

30 July 2012 - Sumitomo Metal Industries has decided to take part in the Canadoil Group’s steel plate mill business in Thailand by investing in the group, which is currently constructing a new steel plate mill in the country, and providing technical assistance to the mill.

Gerdau Launches Additional $67 Million Capital Investment in Michigan Steel Mill

30 July 2012 - Gerdau Special Steel North America has launched a second phase of capital investment at its Monroe, Mich., special bar quality (SBQ) mill.

Two Workers Injured in Gerdau Furnace Explosion

30 July 2012 - Two Gerdau Special Steel North America employees were injured at the company's Jackson, Mich., steelmaking facility on Friday, 27 July when an explosion followed a breakout at one of the electric furnaces.

AASHTO Raises the Bar to 100 KSI Strength Rebar for Bridge Construction

30 July 2012 - The American Association of State Highway and Transportation Officials (AASHTO) increased the design strength for concrete reinforcing steels to 100 ksi for bridges and other structures, enabling highway engineers to start designing with higher-strength, corrosion resistant, MMFX2 rebar.

AK Steel Announces Price Increase For Carbon Steel Products

27 July 2012 - AK Steel said it will increase current spot market base prices for all carbon flat-rolled steel products by $40 per ton, effective immediately with new orders. 

The David J. Joseph Company Announces Organizational Changes

27 July 2012 - The David J. Joseph Company (DJJ), a Cincinnati-based global scrap broker, recycler and logistics provider, recently announced several organizational changes which will take place over the next 30 days.

NanoSteel Appoints New Chief Marketing Officer

27 July 2012 - The NanoSteel® Company, a leader in nano-structured steel materials design, announced that Ms. Ellen W. Bossert has been named chief marketing officer; she will lead the company’s worldwide marketing strategy and manage the evolution of the NanoSteel brand into new industry segments and applications.

Severstal to Produce New Pipes for Gazprom

26 July 2012 - Severstal's Izhora Pipe Mill, which specializes in large diameter pipes production using strip produced by Severstal's Cherepovets Steel Mill, and Gazprom have signed a long-term scientific and technical cooperation agreement.

Weak Orders Cause ThyssenKrupp Steel Europe to Implement Short-Time Working

26 July 2012 - Against the background of continuing weak orders at ThyssenKrupp Steel Europe, short-time working is being introduced beginning in August, affecting approximately 2,170 employees.

Timken Reports Second Quarter Results; Revises Full-Year Outlook

26 July 2012 - The Timken Company reported its results for the second quarter of 2012; its steel segment sales were slightly lower than last year as increased pricing and a favorable mix were offset by lower shipments.

SSAB Reports Lower Sales and Profit as Global Economic Growth Slows

26 July 2012 - SSAB says economic uncertainty in Europe, slowing growth in China, and a weakening U.S. economic recovery combined to dampen steel demand during the second quarter of this year.

NLMK Commissions First Blast Furnace Built in Russia in 25 Years

26 July 2012 - NLMK, a global steelmaking company, announced the successful completion of guarantee tests and the subsequent commissioning of its new 3.4 million tonnes per year blast furnace #7.

Armenian Steel Producer Orders Compact Continuous Billet Casting Plant from Siemens

26 July 2012 - Siemens VAI Metals Technologies has received an order from ASCE Group OJSC to deliver a continuous billet casting plant for its Charentsavan location. Thus, the Armenian steel producer is the first company to operate a compact and cost-efficient continuous billet casting plant for carbon steels that complies with the new plant design presented by Siemens in 2011.

SSC Completes Construction of New Coil Center in Japan

26 July 2012 - SSC Co., Ltd. held an inauguration ceremony for its new coil center in the Tohoku region of Japan on 24 July 2012.

Tata Steel Begins Work on £240m Investment in Wales

26 July 2012 - On 26 July, Tata Steel marked the launch of a £240 million investment at its Port Talbot works in South Wales by calling on government at all levels in the UK to take urgent and immediate action to create growth and remove obstacles for recovery in the manufacturing economy.

Acerinox Reports Results for the First Half of 2012

25 July 2012 - Spanish stainless steel producer Acerinox reported its results for the first half of 2012, noting the strength of the North American market and strong performance of North American Stainless has enabled it to post healthy results despite the weak European market and tense prices in the Asian markets.