Steel News

Grupo Simec Announces Results for the First Six Months of 2015

28 July 2015 - Grupo Simec, S.A.B. de C.V. ("Simec") announced its results of operations for the sixth-month period ended June 30, 2015.

General Steel Announces the Appointment of New Chief Executive Officer

27 July 2015 - General Steel Holdings, Inc. ("General Steel" or the "Company"), a leading non-state-owned steel producer in China, announced the appointment of Ms. Yunshan Li as its Chief Executive Officer effective immediately.

Nucor Publishes Second Quarter Financial Results

27 July 2015 - Nucor Corporation presented their earnings report for the second quarter of 2015 on 23 July.

MMK Investing in New Hot-Dip Galvanizing Line

27 July 2015 - Magnitogorsk Iron and Steel Works (MMK) and the SMS group (Germany) concluded a supply contract for equipment for a new continuous galvanizing line (CGL).

Italy's Lower House Votes to Keep Ilva Steel Plant Open

27 July 2015 - Reuters reports that Prime Minister Matteo Renzi won backing in parliament on 23 July to keep open the scandal-hit Ilva steel plant against the will of local magistrates in southern Italy who say it is unsafe.

SMS group Modernizes Walking Beam Furnace of ArcelorMittal Asturias

24 July 2015 - In February 2015, SMS Meer SpA, Italy, was awarded a new contract by ArcelorMittal Asturias, Spain, for the revamping of the 150-ton/hour walking beam furnace that feeds the wire rod mill.

Outokumpu Reports EUR -25 Million Underlying EBIT for Q2 2015: Improvement in Coil EMEA Not Enough to Cover Losses in Coil Americas

24 July 2015 - Outokumpu released its interim report for the second quarter of 2015 on 23 July.

EVRAZ NTMK Launches New Air Separation Facilities

24 July 2015 - EVRAZ NTMK commissioned two air separation facilities that will supply nitrogen, oxygen and argon to its blast furnace and converter shops.

EVRAZ Releases Production Report for Second Quarter of 2015

24 July 2015 - EVRAZ plc released its operational results for the second quarter of 2015 on 17 July.

Midrex and Synthesis Energy Systems Expand Global Strategic Alliance for Optimizing MXCOL® DRI Facilities

23 July 2015 - Midrex Technologies, Inc. (Midrex), a subsidiary of Kobe Steel, Ltd., and Synthesis Energy Systems, Inc. (SES) announced the signing of a Project Alliance Agreement that expands their exclusive relationship for integration and optimization of direct reduction ironmaking (DRI) technology using coal gasification.

Steel Dynamics Inc. Announces Second Quarter 2015 Results

23 July 2015 - Steel Dynamics, Inc. announced second quarter 2015 adjusted net income of $53 million, or $0.22 per diluted share, and adjusted operating income of $120 million, which excludes the following items:

Voestalpine Invests in EUR 100 Million Continuous Caster

22 July 2015 - The steel plant belonging to the international technology and capital goods group voestalpine in Linz, Austria, where the company is headquartered, is already one of the most modern of its kind in the world.

U. S. Steel Canada Attempting to Swap Financiers

22 July 2015 - According to a report by the CBC, after fielding threats their financing would be cut, U.S. Steel Canada is filing to replace its original bankruptcy lender, U.S. Steel (USS), with Brookfield as the creditor for a unique line of credit for bankruptcy proceedings, called debtor in possession (DIP) financing.

Republic Steel to Temporarily Lay Off 125 at Lorain, Ohio Plant

22 July 2015 - Republic Steel is temporarily laying off about 125 workers from its Lorain plant, the company announced on 17 July.

FLSmidth to Supply Complete Air Pollution Control System for Essar Steel Minnesota

21 July 2015 - FLSmidth has received a contract worth approximately USD 40m (DKK266m) from Essar Steel Minnesota LLC for mechanical installation of a complete Air Pollution Control system for the Group's greenfield iron ore pelletizing plant.

MMK Produces 600 Million Tons of Pig Iron

21 July 2015 - OJSC Magnitogorsk Iron and Steel Works ("MMK" or “the Company”) produced its 600,000,000th tonne of pig iron since the blast-furnace’s commissioning in 1932.

ArcelorMittal Announces Publication of Second Quarter 2015 EBITDA Sell-Side Analyst Consensus Figures on corporate.arcelormittal.com

21 July 2015 - ArcelorMittal announced their second quarter 2015 EBITDA sell-side analyst consensus figures on 20 July.