Steel News

MMK Group Announces Operational Results for Q1 2015

23 April 2015 - MMK Group’s overall crude steel output in Q1 2015 totalled 3,228 thousand tonnes (+5.1% q-o-q; +1.3% y-o-y). Overall steelmaking capacity utilisation at the main Magnitogorsk site in Q1 2015 exceeded 92%. At the same time, converter production operated at 100% of capacity.

ArcelorMittal Releases 2014 Sustainability Report

22 April 2015 - ArcelorMittal, a leading steel and mining company, has published its 2014 sustainability report, ‘Steel: the sustainability challenge’. The report launches the company’s 10 new sustainable development outcomes which outlines what the company needs to achieve in order for its steel to be recognised as one of the world’s most sustainable materials. It also details the company’s sustainability highlights, including how ArcelorMittal made an economic contribution to society of $79 billion in 2014.

Steel Dynamics Reports First Quarter 2015 Results

22 April 2015 - Steel Dynamics, Inc. announced first quarter 2015 financial results. Excluding $17 million, or $0.04 per diluted share, of call premium and other finance expenses associated with the March 2015 senior note repayment, the company's adjusted first quarter 2015 net income was $40 million, or $0.17 per diluted share, on net sales of $2.0 billion. Including the finance charges, the company reported first quarter 2015 net income of $31 million, or $0.13 per diluted share.

Emirates Steel Alerts Over Imports Hitting UAE Market

22 April 2015 - Emirates Steel, the largest integrated steelmaker in the UAE, has warned of the effects of the flow in China’s and Turkey’s steel to the local markets, and called for protective actions to face the increasing competition and falling prices.

Bayi Iron Steel Takes the Lead in Green Buildings in China

21 April 2015 - Xinjiang Green Building Co was officially established in Toutunhe district in the Xinjiang Uygur autonomous region on March 30. It is the first assets management company in Xinjiang to focus on the development of the green building industry. The newly-inaugurated company was invested in by Baosteel Group Xinjiang Bayi Iron Steel Co and another six enterprises, including the Xinjiang Natural Information Technology Investment Co headquartered in Xinjiang.

SSAB Is Launching Strenx, a New Brand for High-Strength Steels

21 April 2015 - SSAB is launching Strenx, a new high-strength structural steel product brand, which offers the most extensive portfolio of high-strength steels on the market. This will open up new competitive possibilities for customers to make stronger, lighter and more sustainable products.

U.S. Steel Plant Worker Crushed to Death By Truck; Homicide Investigation Launched

20 April 2015 - A U.S. Steel employee was killed Saturday when a semitruck from ALCO Transportation at U.S. Steel's Ecorse plant struck her, the News-Herald reports.

ArcelorMittal Steel in the Largest Oil Discovery of Recent Years

20 April 2015 - ArcelorMittal will supply some 15,000 tonnes of clad plate to aid one of the largest and toughest oil projects of the last 30 years.

TimkenSteel Commissions World's Largest Jumbo Bloom Vertical Caster

20 April 2015 - TimkenSteel, a leader in customized alloy steel products and services, held an open house ceremony on Friday, 17 April, to celebrate the commissioning of its jumbo bloom vertical caster, the largest of its kind in the world, at the Faircrest Steel Plant in Canton.

MMK Group Plans to Significantly Increase Budget for Environmental Initiatives in 2015

20 April 2015 - OJSC Magnitogorsk Iron and Steel Works plans to implement 72 initiatives within its approved 2015 Environmental Programme with a budget exceeding 3.3 bln roubles*, covering all the mill’s production plants and MMK Group entities.

The Legal Intelligencer Names U. S. Steel as One of Pennsylvania's Best In-House Legal Departments

17 April 2015 - United States Steel Corporation announced that its in-house legal department has been named the winner for both General Excellence and for Diversity in The Legal Intelligencer's Best Legal Departments contest. Led by Suzanne Rich Folsom, general counsel, chief compliance officer and senior vice president – government affairs, U. S. Steel was the only company to be recognized as a multiple category winner.

NLMK Group Releases Q1 Trading Update

17 April 2015 - Crude steel output declined 6% from Q4 2014 3.87 million tons due to scheduled maintenance work at NMLK’s plants in Portage, Ind., and Lipetsk, Russia.

Insteel Industries Reports Second Quarter Financial Results

17 April 2015 - Insteel Industries, Inc. announced financial results for its second quarter ended March 28, 2015.

AK Steel Announces Executive Retirement

16 April 2015 - AK Steel announced that David C. Horn, Executive Vice President, Chief Legal and Administrative Officer, and Secretary has elected to retire from the company effective May 31, 2015.

U. S. Steel Announces Management Changes At European and North American Operations

16 April 2015 - United States Steel Corporation announced two management changes at its European and North American operating facilities.

Singapore’s Next-Generation Airport Complex Will Use 7,000 Tons of ArcelorMittal Steel Beams

13 April 2015 - A landmark retail and leisure complex at Singapore’s iconic Changi Airport will bear the stamp of ArcelorMittal.

U. S. Steel Canada Commences Sale and Restructuring/Recapitalization Process

13 April 2015 - U. S. Steel Canada Inc. obtained an initial order under the Companies' Creditors Arrangement Act (Canada) ("CCAA") from the Ontario Superior Court of Justice, Commercial List (Toronto) (the "Court") on September 16, 2014.

Warren Steel Holdings Successfully Upgrades Caster With Electromagnetic Stirring Capabilities

10 April 2015 - Warren Steel Holdings, LLC, a leading producer and global supplier of high-quality carbon and alloy steel continuously cast products, announced that it has installed and successfully tested new electromagnetic stirring (“EMS”) capabilities at its on-site caster.

Airgas to Build New Air Separation Unit (ASU) in Tuscaloosa, Ala.

10 April 2015 - Airgas, Inc., one of the nation's leading suppliers of industrial, medical, and specialty gases, and related products, today announced that it has signed a long-term agreement to build an air separation unit (ASU) to supply tonnage oxygen, nitrogen and argon via pipeline to Nucor Steel Tuscaloosa, Inc., a subsidiary of Nucor Corporation, at its steel manufacturing plant in Tuscaloosa, Alabama.

General Steel's JV Launches UHF RFID Tag and Cloud-based Internet-of-Things Platform

10 April 2015 - General Steel Holdings, Inc., a leading non-state-controlled steel producer in China, announced its majority-owned joint venture, Tianjin General Shengyuan IoT Technology Co., Ltd. launched a new UHF RFID tag for iron and steel, and a cloud-based Internet-of-Things platform for steel logistics and bulk commodity management.