Steel News

MMK Increases Production and Shipments of Automotive Sheet

26 February 2015 - OJSC Magnitogorsk Iron and Steel Works (MMK) increased 2014 shipments of metal products to automotive producers by 18% y-o-y to 415,000 tonnes from 353,000s tonnes in 2013.

Essar Steel Algoma Files Counter Claim Against Cliffs

26 February 2015 - Essar Steel Algoma Inc. (ESAI) has filed counter-claims against its iron ore supplier for damages in excess of US$164 million arising out the parties’ relationship, including a claim for certain outstanding credit payments owed by Cliffs.

MTAG Switzerland to Deliver Vacuum Degassing Installation to ArcelorMittal Hunedoara

25 February 2015 - MTAG Switzerland has signed a contract to supply a 100-metric-ton turnkey vacuum degassing installation with a dry mechanical pumping system to Romanian long product producer ArcelorMittal Hunedoara.

Tata Steel to Acquire Nordic Strip Products Service Centers

25 February 2015 - Tata Steel, Europe’s second largest steel producer, announced the acquisition of three service centers in Sweden, Finland and Norway to strengthen its offering to manufacturers in the Nordic region.

Tenova Goodfellow to Supply Two EFSOP Holistic Optimization Systems to SDI

24 February 2015 - Steel Dynamics Inc. has confirmed an order with Tenova Goodfellow for the supply and purchase of two EFSOP holistic optimization® systems, including water detection, for both EAF batteries at its Butler, Ind., steelmaking facility.

ArcelorMittal Europe Reports €122 Million Operating Profit for Q4 2014

24 February 2015 - ArcelorMittal announced its results for the fourth quarter ended 31 December 2014. The segment recorded an operating profit of €122m compared with an operating loss of €396m for Q4 2013.

AK Steel to Build New Research and Innovation Center; Names New VPs

23 February 2015 - AK Steel announced that it will build a new, world-class Research and Innovation Center in Middletown, Ohio.

Cliffs Natural Resources CEO to Address Attendees at AISTech 2015

23 February 2015 - Lourenco Goncalves, chairman, president and chief executive officer, Cliffs Natural Resources Inc., will present a keynote address at the AIST President's Award Breakfast on Tuesday, 5 May at 8 a.m. in the Grand Ballroom at the Cleveland Convention Center, Cleveland, Ohio, USA.

New Cold Rolling Mill from Primetals Technologies Produces First Coil at Tangshan

23 February 2015 - The cold rolling mill supplied by Primetals Technologies to Tangshan Iron and Steel Group Co. Ltd., a Chinese steel producer, has now been brought into production and the first coil was rolled in January 2015.

MMK Introduces Advanced IT Solutions

23 February 2015 - Russia’s OJSC Magnitogorsk Iron and Steel Works (MMK) in 2014 launched a strategic program for the adoption of advanced IT in operational and management processes.

Vale Smashes Iron Ore Production Record

20 February 2015 - Brazil’s Vale (NYSE:VALE), the world’s largest producer of iron ore, continued to flood the market with product in 2014 despite sharply lower prices.

Tata Steel to Supply Rails for London's Crossrail Project

20 February 2015 - Tata Steel has signed a contract to supply wear-resistant rails for the Crossrail project beneath the heart of London. The Crossrail route will serve 40 stations and travel more than 100km from Reading and Heathrow in the west, through new twin-bore 21km tunnels below central London to Shenfield and Abbey Wood in the east.

Mechel Reports Disposal of Mechel Bluestone

18 February 2015 - Mechel OAO, one of the leading Russian mining and metals companies, has closed a deal on the disposal of Mechel Bluestone, Inc. (Delaware, USA), including its mining operations, to a company owned by the Justice family.

General Steel Establishes RFID Company

18 February 2015 - General Steel Holdings, Inc. ("General Steel" or the "Company") (NYSE: GSI), a leading non-state-owned steel producer in China, announced today that the Company, through its previously-announced joint venture with a team of Radio-Frequency Identification ("RFID") experts, has completed the establishment of a new RFID logistics company and appointed Michael Au as CEO of the new company named Tianjin General Shengyuan IoT Technology Co., Ltd. ("General Shengyuan IoT").

Konecranes Training Institute Promotes Safety With Rigging Fundamentals Course

18 February 2015 - Konecranes Training Institute aims to reduce crane accidents through education

Nucor Announces 168th Consecutive Cash Dividend

18 February 2015 - The board of directors of Nucor Corporation (NYSE: NUE) declared the regular quarterly cash dividend of $0.3725 per share on Nucor's common stock.

Cliffs Natural Resources Inc. Finalizes Energy Agreement in U.P. of Michigan

18 February 2015 - The Company Anticipates End to System Support Resource Payments for All Consumers

ArcelorMittal's Q4 Loss Narrows, Sees Lower FY15 Profit

17 February 2015 - Steel giant ArcelorMittal posted a loss in the fourth quarter of 2014 as lower iron-ore pricing weighed on its mining segment and it also saw reduced steel selling prices. Weak demand from China, a key market, continued to hurt iron ore prices in the quarter.

POSCO to Sell Stake in Construction Unit to Saudi Fund

17 February 2015 - South Korean steelmaker POSCO has signed a preliminary deal with Saudi Arabia's Public Investment Fund (PIF) to sell part of its construction unit for about 1.5 trillion won ($1.36 billion), Korea Economic Daily reported.

Wheelabrator’s New Concave Blades Cut Gordian Knot at Nucor Steel

17 February 2015 - Wheelabrator has introduced a new concave blade for its 35 EZEFIT blast wheel, which achieves a narrow blast pattern and a uniquely tight ‘hot spot’ at high abrasive speeds.