Steel News

Ovako Invests to Meet Demand From the Energy Sector

28 May 2015 - Ovako is investing EUR 7.5 million in Hofors to meet demand from the energy sector, particularly in wind power.

Outokumpu CEO Mika Seitovirta elected the Chairman of ISSF

27 May 2015 - The International Stainless Steel Forum (ISSF) elected Mika Seitovirta, Outokumpu CEO, as new chairman in the organization’s 19th Annual Conference in Hong Kong, China.

Outokumpu’s Stainless Steel Fuel Tank Wins ISSF New Applications Award

27 May 2015 - A stainless steel fuel tank developed by Outokumpu received the New Applications Award by ISSF (International Stainless Steel Forum) in the Best New Development Award category at the ISSF Annual Conference in Hong Kong, China.

Steel Dynamics Announces Indefinite Idle of Minnesota Operations

27 May 2015 - Steel Dynamics, Inc. announced plans to idle its Minnesota ironmaking operations located in Chisholm and Hoyt Lakes, MN, effective immediately.

MMK Modernizes Its Power Facilities

26 May 2015 - OJSC Magnitogorsk Iron and Steel Works ("MMK" or “Company”) has commissioned a new turbo blowing machine (“TBM”) at the mill’s steam power plant.

SSAB Launches New Sustainability Strategy

26 May 2015 - To increase its focus on sustainability, global steel company SSAB is launching a new sustainability strategy.

Steel Dynamics Announces Planned Paint Line and Galvalume® Capability Expansion

26 May 2015 - Steel Dynamics, Inc. announced plans to expand its offering of value-added flat roll steel products through the addition of painting and Galvalume capabilities at its Columbus, Mississippi steel mill.

Tata Steel reports Consolidated Financial Results for the Fourth Quarter and Full Year Ended March 31, 2015

25 May 2015 - Tata Steel Group (the “Company”) today declared its Consolidated Financial Results for the full year (FY’15) and fourth quarter (Q4FY’15) ended March 31, 2015.

AK Steel Announces Company's 2015 Sons and Daughters Scholarship Recipients

25 May 2015 - AK Steel is continuing a longstanding tradition this year by awarding college scholarships to sons and daughters of company employees.

General Steel Reports First Quarter 2015 Financial Results

21 May 2015 - General Steel Holdings, Inc., a leading non-state-controlled steel producer in China, today announced its financial results for the first quarter ended March 31, 2015.

ArcelorMittal Announces Closure of Georgetown, S.C. Wire Rod Facility

21 May 2015 - According to a report by The Sun News, more than 220 skilled laborers and professionals at ArcelorMittal in Georgetown, S.C., USA, will lose their jobs later this year.

AK Steel Receives "Deal Maker of the Year" Award for Dearborn Acquisition From the Association for Corporate Growth

21 May 2015 - AK Steel has received a "Deal Maker of the Year" award from the Association for Corporate Growth (ACG) for the company's $690 million acquisition of Severstal Dearborn, LLC.

New Millennium Iron Corp. Announces Financial Results for the First Quarter

20 May 2015 - New Millennium Iron Corp. (“NML” or the “Company”) announced its financial results for the first quarter ended March 31, 2015.

ThyssenKrupp Reports Positive Performance in the First Six Months of Fiscal Year 2014/2015

20 May 2015 - The industrial and technology group ThyssenKrupp achieved its operating targets in the 2nd quarter and in the 1st half of fiscal year 2014/2015 and has specified and raised its forecast for the full year.

TMK Ipsco Lays Off 115 Employees in Beaver County, Penn., USA

20 May 2015 - According to the Pittsburgh Business Times, TMK Ipsco has laid off more employees in Beaver County, Penn., USA.

JSW Steel Posts Financial Results for the Fourth Quarter

20 May 2015 - JSW Steel Limited reported its results for the Fourth Quarter and the Financial Year ended 31st March, 2015.

Europe's Largest Motors and Drives Package Powers Tata Steel Reversing Rougher

18 May 2015 - Two of Europe’s largest synchronous motors, along with the highest power-rated medium voltage (MV) drives ever used in a reversing roughing mill, have been commissioned by ABB at Tata Steel’s Port Talbot hot strip mill in South Wales.

Salzgitter AG Posts Q1 Results

18 May 2015 - In the first quarter of the financial year 2015, the Salzgitter Group achieved the highest pre-tax profit since the second quarter of 2011.

United States Steel Corporation Names Nancy Sykes Vice President - Human Resources

15 May 2015 - United States Steel Corporation President and Chief Executive Officer Mario Longhi today announced that Nancy Sykes has been named vice president - human resources.

Tata Steel Takes Next Step Towards Creation of New Research and Development Base

15 May 2015 - Scientists developing stronger and lighter steels to meet the demands of the 21st century will have access to the latest research facilities thanks to a deal between Tata Steel and the University of Warwick.