Steel News

NLMK and OMK Sign 5-Year Slab Contract Extension

30 January 2015 - NLMK Group, Russia’s largest steelmaker, and OMK Group (United Metallurgical Company), Russia’s leading pipe manufacturer, have extended their contract for the supply of Novolipetsk slabs for the production of large diameter pipes at the Vyksa Steel Works up to and including 2019.

ArcelorMittal Sells Its Kuzbass Coal Mines

30 January 2015 - ArcelorMittal announced the sale of its interest in the Kuzbass coal mines in the Kemerovo region of Siberia, Russia, to Russia’s National Fuel Company (NTK).

SDI Reports 2014 Results; Expects Challenging Q1

29 January 2015 - Steel Dynamics Inc. announced 2014 fourth quarter and full-year results.

SYSTEMS Spray-Cooled Enters Phase Two of Nucor-Yamato Furnace Upgrade

29 January 2015 - After the successful commissioning and start-up in early 2014 of Nucor-Yamato Steel’s single bucket charge furnace upgrade, SYSTEMS Spray-Cooled Inc. has now turned to Phase 2 of the project.

Novolipetsk Sets All-Time Production Record in 2014

29 January 2015 - Steel output during 2014 at Novolipetsk, NLMK Group’s main production site in Lipetsk, Russia, reached an all-time high of 12.56 million metric tons over the 80 years of the plant’s history. Record performance was achieved at all stages of production at Novolipetsk.

Metalloinvest Announces Operational Results for Q4 and FY 2014

29 January 2015 - Metalloinvest, a global iron ore and HBI producer and a Russian steel producer, announced its operational results for the fourth quarter and full year 2014.

U. S. Steel Reports Highest Full-Year Net Income Since 2008

28 January 2015 - United States Steel Corporation reported its highest full-year net income since 2008 as the Carnegie Way delivered more earnings power.

Universal Stainless Posts Solid Fourth Quarter 2014 Results

28 January 2015 - Universal Stainless & Alloy Products, Inc. reported that net sales for the fourth quarter of 2014 were US$53.0 million, which is 31% higher than the fourth quarter of 2013, and is in line with third quarter 2014 net sales of US$53.6 million.

Metalloinvest Implements Climate Action International Program

28 January 2015 - Metalloinvest has received a certificate for its participation in the Climate Action international programme.

SSAB’s Chairman of the Board to Leave His Assignment in 2015

28 January 2015 - SSAB’s chairman of the Board, Sverker Martin-Löf, has informed the company's principal owner, Industrivärden, that he is not available for re-election at the annual general meeting during the spring 2015 in the listed companies, where he currently holds board assignment.

Nucor Reports 46% Increase in Earnings in 2014

27 January 2015 - Nucor Corporation announced consolidated net earnings of US$713.9 million, or US$2.22 per diluted share, for the full year 2014, an improvement of 46% compared with consolidated net earnings of US$488.0 million, or US$1.52 per diluted share, for the full year 2013.

U. S. Steel to Adjust Production in Alabama and Texas

27 January 2015 - United States Steel Corporation will temporarily adjust operations at Lone Star Tubular Operations in Lone Star, Texas, and Fairfield Tubular Operations in Fairfield, Ala.

AK Steel Posts Loss for 2014 Despite Profitable Q4

27 January 2015 - AK Steel reported its financial results for the fourth quarter and full year of 2014.

voestalpine Securing Railway Infrastructure Orders Worldwide

27 January 2015 - Buoyed by the current global revival of the railway sector, the voestalpine Group’s Metal Engineering Division, which covers the railway infrastructure sector, is consistently winning major international orders.

EVRAZ Supplies First-Ever 100-Meter Rails for Metro System

26 January 2015 - EVRAZ delivered the first batch of 100-meter head-hardened R65 rails for the Moscow metro.

ThyssenKrupp Materials NA Expands Blanking Operations in Mexico

26 January 2015 - ThyssenKrupp Materials de Mexico S.A. de C.V., a unit of ThyssenKrupp Materials NA Inc. (TKMNA) is expanding its current blanking operations in Silao, Guanajuato, Mexico with a US$20 million investment that will add nearly 55,000 square feet (5,100 square meters) and a new, state-of-the-art aluminum and carbon steel blanking line.