Steel News

SDI Shares Q4 Guidance, Sees Steel Demand Trend Remaining Favorable

18 December 2014 - Steel Dynamics Inc. provided fourth quarter 2014 earnings guidance, noting that it expects both metal spread and shipments to contract due to seasonality and the continuation of elevated import levels.

New Side Guide System from Siemens Reduces Hot Strip Mill Maintenance Costs

18 December 2014 - With the newly developed Eco Slide Disc Solution, Siemens Metals Technologies offers operators of hot strip mills a side guide system which can be adapted to nearly all existing entry guides and elongates the lifetime of wear parts up to 10 times compared to conventional wear plates.

NLMK Group Almost Halves Occupational Injuries at Russian Sites

18 December 2014 - As a result of implementing OHS programs, NLMK Group has reduced the amount of injuries at its Russian sites from the beginning of 2014 by 40%. At the Lipetsk site, the decrease was approximately 50% year-on-year.

WARN Notices Expire For 8 Alpha Natural Resources Coal Mines in West Virginia

18 December 2014 - Alpha Natural Resources Inc. operating affiliates announced that the WARN notices for eight coal mines in West Virginia have expired and the mines and their approximately 750 workers will continue to operate.

SunCoke Energy Begins Plan to Downsize Coal Mining Business

17 December 2014 - SunCoke Energy Inc. announced it is executing a phased plan to scale back its Coal Mining business.

USW Members Ratify Labor Agreement for AK Steel's Ashland Works

17 December 2014 - Members of United Steelworkers (USW) Local 1865 have ratified a new 42-month labor agreement covering more than 800 hourly production and maintenance employees at AK Steel’s Ashland, Ky., plant.

Metalloinvest, Rosneft Announce Partnership for Lubricant Production

17 December 2014 - Andrey Varichev, CEO of Metalloinvest, and Igor Sechin, president of Rosneft, have signed a strategic partnership agreement in regards to the development of high-quality lubricant production in Russia.

Nucor Provides Guidance on Q4 Perfomance

16 December 2014 - Nucor Corp. announced guidance for its fourth quarter ending 31 December 2014.

TimkenSteel Awards First Class of Scholars US$245,000

16 December 2014 - The TimkenSteel Charitable Fund awarded the first class of TimkenSteel scholars with US$245,000 in scholarship funds.

OSHA Cites JSW Steel (USA) for Safety Violations

15 December 2014 - An OSHA inspection on 10 June 2014 of the JSW Steel (USA) Inc. Baytown facility found the company violated 12 safety requirements. Proposed penalties total US$126,000.

Swiss Steel Chooses Arktis Radiation Detectors System for New Application

15 December 2014 - Arktis Radiation Detectors will supply a custom version of one of its FLASH Radiation Portal Monitors to Swiss Steel AG, a steel manufacturer in Switzerland for the automotive, machine and appliance industries.

MORE and Danieli Install EAF Offgas System at ABS in Italy

12 December 2014 - In September 2014, MORE srl, jointly with Danieli & C. SpA, successfully installed the innovative LINDARC™ real time laser EAF offgas analysis system at Acciaierie Bertoli Safau (ABS) in Udine, Italy.

Cliffs to Sell Logan County Coal to Coronado Coal II

12 December 2014 - Cliffs Natural Resources Inc. has entered into a definitive agreement to sell its Logan County Coal assets in southern West Virginia to Coronado Coal II LLC for US$175 million in cash and the assumption of certain liabilities.

LGOK’s Quality Management System Re-Confirms Compliance with International Requirements

12 December 2014 - Lebedinsky GOK (part of Metalloinvest) has successfully passed the regular audit of its quality management system’s adherence to the ISO 9001:2008 international standard.

POSCO E&C Wins US$400 Million Contract to Build Steel Mill in Oman

11 December 2014 - POSCO E&C has signed a US$400 million contract to build a steelmaking and rolling mill plant for Sun Metals LLC in Oman.

Universal Stainless CEO Receives One of Three Top Honors in Smart 50 Awards Event

11 December 2014 - Universal Stainless & Alloy Products Inc. announced that Dennis M. Oates, chairman, president and chief executive officer, received one of three top honors presented by Smart Business magazine at a Pittsburgh Smart 50 Awards ceremony in November 2014.