Steel News

NLMK Group Recognized for ‘Deal of the Year’

26 May 2010 - NLMK Group’s ECA-backed loan, which raised EUR524 million to finance the purchase of imported equipment, has recently won the Trade Finance and Trade & Forfaiting Review magazines’ “Deal of the Year” award.

OMZ Group Joins Metallurgmash International Union

25 May 2010 - OMZ Group (Uralmash-Izhora Group) has joined Metallurgmash, a non-commercial organization comprising the metallurgical engineering companies of Russia, Belarus, Italy, and Germany.

RH-TOP Unit from SMS Mevac Commissioned at Shougang Qian’An

25 May 2010 - Shougang Qian’An Iron & Steel Co. Ltd., China, successfully commissioned the fourth duplex RH-TOP unit made by SMS Mevac. The new unit will mainly be used for the production of vacuum-treated automotive steel grades as well as silicon steels.

Henan Jiyuan Orders Wire Rod Outlet from Siemens VAI

25 May 2010 - The Henan Jiyuan Iron & Steel (Group) Co., Ltd. has ordered a wire rod outlet from Siemens VAI Metals Technologies for its first imported rod mill that will produce higher-quality steel grade products for the company. The project is scheduled for completion by late 2011.

Posco Selected as Preferred Bidder for Daewoo International

25 May 2010 - The Public Fund Oversight Committee recently held meetings at the Korea Deposit Insurance Corp. with the Sales Review Subcommittee and selected Posco as the final preferred bidder for Daewoo International. Posco plans to utilize all cash assets to take over the creditor’s shares of 68.15% without external loans.

Ruukki to Deliver Suction Anchors, Offshore Steels to Aker Solutions

24 May 2010 - Ruukki has signed an agreement with Aker Solutions of Norway to supply 24 suction anchors in September 2010 from its Kalajoki unit in Finland. Ruukki also has supplied offshore steels for the same project.

SMS Mevac to Supply Ladle Met Center for OMZ Plant at Kolpino

24 May 2010 - Forpost Management has commissioned SMS Mevac to plan and deliver key components for a ladle metallurgical center that is to be integrated into the OMZ plant at Kolpino. The center will include a 120-tonne ladle furnace and two tank degassing units.

April World Crude Steel Output Nearly 36% above Last Year

21 May 2010 - World crude steel production for the 66 countries reporting to the World Steel Association stood at an estimated 121.65 million tonnes in April 2010 — a 0.4% decrease from the previous month (March 2010) and a 35.7% increase vs. April 2009.

ThyssenKrupp Expands Materials Services in Central and Eastern Europe

21 May 2010 - The ThyssenKrupp Group recently bought all shares of Techno-Stahl Stahlgroßhandel und Brennschneidbetrieb GmbH, a flame-cutting company with technical expertise in the area of processed flat products.

Posco Breaks Ground for Posco-CYPC in Yantai

21 May 2010 - Posco has started the construction of Posco-CYPC, a new Chinese processing center capable of processing 170,000 tons of steel products annually for local customers such as Shanghai GM and Geely, as well as Foxconn and Samsung Electronics.

HRH Prince Charles visits Teesside Cast Products

20 May 2010 - Corus CEO Kirby Adams and Managing Director Jon Bolton host His Royal Highness Prince Charles and a delegation from the Business in the Community charity during a tour of Teesside Cast Products on Wednesday, May 19.

ArcelorMittal Kryviy Rih Holds National Young Rollermen Contest

20 May 2010 - OJSC ArcelorMittal Kryviy Rih recently hosted a national contest in which teams of rollermen from four companies competed in terms of technology, safety and skills.

ThyssenKrupp Schulte Opens New Center in Bielefeld

20 May 2010 - ThyssenKrupp Schulte GmbH has opened a state-of-the-art flame cutting center that will produce finished parts tailored to customer requirements, mainly from structural steels, boiler plate, wear-resistant steels and special structural steels up to grade S 960 QL.

Siemens Starts up New Plate Mill for Jinan Iron & Steel

19 May 2010 - Jinan Iron & Steel expands its plate production in Jigang with start-up of a new 4.3-meter plate mill from Siemens VAI Metals Technologies.

Tube City IMS UK Receives Contractor of the Year Award from Corus

19 May 2010 - Tube City IMS subsidiary Tube City IMS UK has been awarded the designation "Contractor of the Year" from its major customer, Corus.

Nippon Steel, Ternium Sign MoU to Form Joint Venture in Mexico

18 May 2010 - Nippon Steel and Ternium have signed a memorandum of understanding to form a joint venture that is expected to build a hot-dip galvanizing plant in the vicinity of Monterrey City, and subsequently manufacture and sell high-grade, high-quality galvanized and galvannealed steel sheets.

NLMK to Acquire Kaluga Electric Steelmaking Plant

18 May 2010 - NLMK recently purchased a 100% stake in CJSC Kaluga Electric Steelmaking Plant from LLC Metallurgical Holding to advance the development strategy of its Long Products Division.

Baosteel, Shanghai Toshiba Establish Joint Laboratory

17 May 2010 - A Baosteel-Toshiba SH joint laboratory has been formally established to accelerate product development and product performance improvement. The two companies regard the new lab as the cooperative platform for silicon steel development and its application on air-conditioner compressors.

Tata Steel Named to Fortune’s ‘Most Admired Company’ List

17 May 2010 - Tata Steel Ltd. this year has been ranked among the world’s top 10 of the “Most Admired Company” rated by Fortune magazine and the Hay Group. The award was bestowed in the Industry-Metal category.

worldsteel Awards Student Winner of steeluniversity Challenge

14 May 2010 - The World Steel Association recently presented the trophy and prize to Luo Zhaozhen, a student from China’s Wuhan University of Science and Technology, who won the fifth steeluniversity Challenge in the student category.