Steel News

SDI Plans to Add Hot Band Leveling Line at Butler Plant

27 June 2012 - Steel Dynamics Inc. (SDI) is planning to expand its product line in Butler, Ind., with the addition of a hot band leveling line.

Commerical Metals Reports Third Consecutive Profitable Quarter

27 June 2012 - Commercial Metals Company reported net earnings of $40.7 million on net sales of $2.0 billion for the third quarter ended 31 May 2012.

OMK Launches New Mill at Almetyevsk Pipe Plant

27 June 2012 - Russia's United Metallurgical Co. (OMK) has launched a new highly productive 10-65 mill by Italian MTM at its Almetyevsk Pipe Plant (APP).

OMK Signs Financing Agreement for New Pipe and Steelmaking Complex

27 June 2012 - The United Metallurgical Co. (OMK) has signed a cooperation agreement with Sberbank of Russia for the financing of the construction of an integrated pipe and steelmaking complex in the town of Chusovoy of the Perm Territory.

ThyssenKrupp VDM Wins 2012 Steel Innovation Prize

27 June 2012 - ThyssenKrupp VDM was, together with the Jülich Research Centre, awarded the 2012 Steel Innovation Prize in the "Steel in Research & Development/Processes" category for the new material Crofer® 22 H.

SDI Selects Tenova Core New Walking Beam Furnace

27 June 2012 - Tenova Core has been contracted by Steel Dynamics, Inc., for the design and supply of a 100 ton/hour walking beam reheating furnace at its Pittsboro, Ind., facility.

ArcelorMittal Unveils iCARe™ Portfolio of Electrical Steel Solutions for Electric Vehicle Market

27 June 2012 - ArcelorMittal unveiled its first electrical steel product range designed specifically to meet the requirements of the electric vehicle sector at the Coil Winding, Insulation and Electrical Manufacturing Exhibition (CWIEME) in Berlin.

Two ArcelorMittal Mills Cut 440,000 Tonnes of Emissions with Gas Recovery Projects

27 June 2012 - ArcelorMittal Flat Carbon Europe sites in Gent and Bremen are recovering and re-using their waste gases to reduce their emissions and energy costs. Their projects have been identified as best practices for the rest of the group to replicate.

Salzgitter Lowers Profit Guidance on Deteriorating Economic Outlook

27 June 2012 - In releasing its profit guidance for the financial year 2012, the Salzgitter group notes that the economic outlook for Germany and the eurozone as a whole has deteriorated further due to the severe problems caused by Europe's debt crisis; this falls markedly short of the expectations underlying the profit guidance released by the Salzgitter Group on 15 May 2012.

Sutor Technology Receives Nasdaq Notification of Non-Compliance with Minimum Bid Price Rule

26 June 2012 - Sutor Technology Group Limited, a leading China-based non-state-owned manufacturer and distributor of high-end fine finished steel products and welded steel pipes received notification that it is not in compliance with the $1.00 minimum closing bid price requirement under the NASDAQ Listing Rules.

Saudi Arabian Company Orders Micro Steel Mill from SMS Concast

26 June 2012 - Al Qaryan Steel Company from the Kingdom of Saudi Arabia has placed an order with SMS Concast for the design, manufacture and commissioning of a micro steel mill to be installed in Dammam.

Tata Steel to Assess Market Demand Before Relighting Port Talbot Furnace

26 June 2012 - Tata Steel said it may delay relighting the No. 4 blast furnace at Port Talbot, Wales, if market demand towards the end of the year does not justify immediate production.

Nucor-Yamato Steel Plans Hot Rolled Sheet Piling Production Expansion

26 June 2012 - Nucor-Yamato Steel Company, a joint venture between Nucor and Yamato Kogyo Co. Ltd., has approved a US$115 million plan to expand the production of hot rolled sheet piling.

Shandong Hengji Steel Commissions Coating Facilities

26 June 2012 - Shandong Province-based Hengji Steel Co. has commissioned its new coating facilities which have an annual production capacity of 500,000 tonnes, including 300,000 tonnes of hot dip galvanized and 200,000 tonnes of pre-painted galvanized iron.

Shareholders Approve Merger of Nippon Steel & Sumitomo Metal Industries

26 June 2012 - Nippon Steel and Sumitomo Metal Industries obtained approval at their respective annual shareholders' meetings regarding their merger agreement; as a result, the businesses will integrate and form Nippon Steel & Sumitomo Metal Corporation as of 1 October 2012.

Optima Specialty Steel Appoints Industry Veteran John Goodish to Board of Directors

25 June 2012 - Optima Specialty Steel, Inc., one of North America’s leading independent manufacturers of high quality cold drawn seamless tubes and cold finished steel bars, announced that it has appointed John H. Goodish as an independent director of the company, effective 5 June 2012.