Steel News

Sandvik Focusing on Execution and Growth

21 November 2014 - The key focus of Sandvik’s Capital Markets Day, which was held in the U.S. on Monday, 17 November 2014, was to provide an update on the company’s strategic actions to achieve higher returns, reduced earnings volatility and greater exposure to attractive growth areas.

Essar Steel Algoma Concludes US$1.4 Billion Recapitalization and Refinancing Process

20 November 2014 - Essar Steel Algoma Inc. has completed a comprehensive recapitalization and refinancing of the company.

U. S. Steel Tubular Products Honors Range Resources CEO with Chief Roughneck Award

20 November 2014 - U. S. Steel Tubular Products Inc., a subsidiary of United States Steel Corporation, announced that Jeffrey L. Ventura, president and chief executive officer of Range Resources, is the recipient of the Chief Roughneck Award for 2014.

AK Steel Wins Trade Cases on Non-Oriented Electrical Steel

20 November 2014 - AK Steel reported that the U.S. International Trade Commission (ITC) reached an affirmative (4-1) final determination that the domestic industry producing non-oriented electrical steel (NOES) is materially injured by reason of dumped and subsidized imports from six countries.

Carpenter Technology Announces Return of Gregory Pratt as CEO

19 November 2014 - Carpenter Technology Corporation’s Board of Directors announced that Gregory A. Pratt will return as CEO of the company, effective immediately.

USW Members Ratify New Labor Agreement at AK Steel Tubemaking Unit

19 November 2014 - The members of United Steelworkers of America (USW) Local 1915 have ratified a new three-year labor agreement with AK Steel’s wholly-owned subsidiary, AK Tube LLC, covering about 100 hourly production and maintenance employees at its Walbridge, Ohio, facility.

Tata Steel Upgrades Hot Strip Mill in Port Talbot

19 November 2014 - Tata Steel has completed a major upgrade of the hot strip mill at its Port Talbot steelworks in South Wales, enabling it to further improve the quality of its steel products used in a wide range of markets, including automotive, engineering, construction and domestic appliances.

Equipment at EVRAZ Claymont Steel Mill Being Liquidated

18 November 2014 - Industrial Assets Corp., nationally known experts in the liquidation auction industry, along with Hero Demolition Corp., and Maynard Industries, announced the liquidation of manufacturing assets of the former Evraz Claymont Steel mill, featuring a complete 160” wide capacity steel plate mill.

U. S. Steel Names Leadership for Service Center, Industrial and Mining Solutions

18 November 2014 - United States Steel Corporation announced the executive leadership for three of the company's newly created commercial entities.

SMS Group to Build Big River Steel's Eco-Friendly Mill

18 November 2014 - The official ceremony marking the start of Big River Steel’s greenfield steel project on the Mississippi River in Mississippi County, Ark., U.S.A., took place on 22 September 2014.

Salzgitter’s Berg Pipe Subsidiaries Secure Two Major Pipeline Orders

18 November 2014 - The Salzgitter Group participations Berg Steel Pipe Corp. and Berg Spiral Pipe Corp., both located in the United States, have been awarded two major contracts to manufacture pipes for new natural gas infrastructure that will serve the southeastern U.S.

SSAB Announces 2014 Swedish Steel Prize Finalists

18 November 2014 - New, innovative solutions, high quality and increased competitiveness characterize this year’s four finalists for the Swedish Steel Prize, the winner of which will be announced at a ceremony in Stockholm, Sweden on 20 November 2014.

U. S. Steel Establishes New Management Structure

17 November 2014 - United States Steel Corporation has announced another logical next step in the company's Carnegie Way transformation journey. By 1 January 2015, the company's reporting segments — North American Flat-Rolled, Tubular and U. S. Steel Europe — will be realigned to achieve three strategic goals:

Lower Demand for Steel Reduces Gerdau's Performance in Q3

17 November 2014 - Gerdau closed the third quarter of 2014 with a shipment volume of 4.6 million metric tons of steel, which is 4.5% lower compared to the same period last year.

EVRAZ North America Supports Approval of the Keystone XL Pipeline

17 November 2014 - EVRAZ North America announced it fully supports approval of the Keystone XL pipeline and is pleased the U.S. House of Representatives passed legislation (by a vote of 252-161) to approve the permit application that would allow the pipeline project to move forward.

MGOK’s Integrated Management Systems Comply with International Standards

14 November 2014 - Mikhailovsky GOK (part of Metalloinvest) successfully passed an external audit of its integrated management system.

Republic Steel’s New EAF Produces 1,000th Heat

13 November 2014 - Republic Steel has produced the 1,000th heat at its Lorain, Ohio, plant after a US$120 million capital investment for a new electric arc furnace.

NLMK Becomes Preferred Supplier of Transformer Steel for Alstom

13 November 2014 - Russia’s NLMK Group received the status of preferred category A supplier of transformer steel by the Alstom international group.

ArcelorMittal Ostrava Simplifies Corporate Structure, Merges with ArcelorMittal Frýdek-Místek

13 November 2014 - ArcelorMittal Ostrava has simplified its corporate structure and streamlined its internal processes, principally through a merger with its subsidiary, ArcelorMittal Frýdek-Místek, a cold rolling mill that mainly produces electrical steels.

VSW Tests Equipment at New Coating Line

13 November 2014 - Vyksa Steel Works (VSW, based in the Nizhny Novgorod region of Russia, part of OMK) has held successful trials of technological equipment at the new external anti-corrosion coating line for large diameter pipes (AKP-1).