Steel News

Metalloinvest Announces H1 Operational, Financial Results

26 August 2014 - Metalloinvest, a Russian iron ore and HBI producer, published its IFRS financial results for the half year ended 30 June 2014.

NLMK to Equip Blast Furnace Operations with Highly Efficient Dust Collection System

25 August 2014 - NLMK Group announced its commitment to construct a modern modular dust collection system at its Lipetsk production site to treat off-gases from blast furnace No. 4 (BF-4).

U. S. Steel CEO Comments on Affirmative Decision in OCTG Trade Case

25 August 2014 - Today United States Steel Corporation president and CEO Mario Longhi issued the following statement in response to the International Trade Commission's affirmative final vote in a trade case on oil country tubular goods (OCTG) against eight countries including South Korea.

Saarstahl Invests €46 million in Modernization of Rolling Mills

22 August 2014 - After the major investment projects of previous years, the most recent of which was the building of the new secondary metallurgy in the steelmaking plant, Saarstahl is continuing its modernization program with further investments in the rolling mills in Völklingen and Burbach, Germany.

Mechel Announces New Members to Its Management Board

22 August 2014 - Mechel OAO announced the election of new members to the Mechel OAO Management Board, the company’s elected collegial executive body.

VSW Mounts New Coating Line for Large Diameter Pipes

22 August 2014 - Vyksa Steel Works (VSW Open Joint Stock Company, based in Nizhny Novgorod, Russia, part of United Metallurgical Company, OMK CJSC, Moscow) has started installing new equipment for the first line of anti-corrosion coating for large diameter pipes (LDP).

voestalpine Comments on HBI Contract with AHMSA, Says Other Negotiations Underway

21 August 2014 - voestalpine has revealed further details about its HBI supply agreement with AHMSA, and said negotiations with other North Ameican and European companies are currently underway.

ArcelorMittal Sends Second Shipment of Oversize Beams for German Bridge Project

21 August 2014 - This summer sees ArcelorMittal and CFL cargo repeating the feat achieved at the beginning of last year. On 18 August 2014, 14 more jumbo beams were transported by CFL cargo from ArcelorMittal Differdange to Dresden for use in the construction of a railway bridge by German rail company Deutsche Bahn.

Arnold Machine Builds Successful Custom Automation System for Nucor Steel

21 August 2014 - Arnold Machine Inc. (AMI), a premier full-service designer and manufacturer of industrial equipment and services, has built and successfully implemented a new proprietary automation system for custom fence posts for Nucor Steel.

Metalloinvest and Pittini Group Sign HBI Supply Contract

21 August 2014 - Metalloinvest and Italian steel factory Ferriere Nord S.P.A. (part of the Pittini Group) announced the signing of a long-term hot briquetted iron (HBI) supply contract.

AHMSA to Source 400–650,000 Annual Tons of HBI from voestalpine

20 August 2014 - In a statement on the Mexican stock exchange, Altos Hornos de Mexico (AHMSA) revealed further details about its HBI supply agreement with voestalpine.

QuesTek's High Performance Ferrium® M54® Steel Qualified for Navy T-45 Aircraft Hook Shank Production

20 August 2014 - QuesTek’s Ferrium M54 steel has been qualified to be used in a demanding Navy aerospace application (T-45 hook shanks), in part because it showed more than twice the component life as the existing steel.

EVRAZ Stratcor Consolidates North American Sales Activities in Chicago

20 August 2014 - As part of EVRAZ’s long-term plan to consolidate its vanadium-sales activities serving the steel, titanium, and chemical industries, EVRAZ Stratcor has assumed the responsibility for marketing EVRAZ’s ferrovanadium and Nitrovan® vanadium products sold in North America, effective 8 August 2014.

INTECO Supplying Ruspolymet with VAR Plant; Discussing Strategic Partnership

19 August 2014 - In June 2014, Russian special steel producer Ruspolymet assigned INTECO with the engineering and supply of a 6t vacuum arc remelting (VAR) plant.

Artillery Shelling Shuts Down Four Metinvest Group Plants

19 August 2014 - Damage from heavy artillery cut the electricity transmission lines to the cities of Yenakiieve and Khartsyzsk, Ukraine. This led to the full shutdown of production at Yenakiieve Steel, Enakievskiy Koksohimprom and Khartsyzsk Pipe. Avdiivka Coke is still cut off from electricity, Metinvest reports.

Mechel Reports New Management Appointment

19 August 2014 - Mechel OAO reports that Alexey Ivanushkin was appointed first deputy chief executive officer.

JSW Steel to Acquire Welspun Maxsteel Ltd.

18 August 2014 - JSW Steel Limited has entered into a definitive agreement with Welspun Enterprises Ltd. (WEL) to acquire WEL’s shares in Welspun Maxsteel Ltd. (WMSL) for an enterprise value of Rs 1000 crores plus net current assets as of 31 August 2014, subject to regulatory approvals and customary closing conditions.

Insteel Industries Closes on Acquisition of American Spring Wire’s PC Strand Business

18 August 2014 - Insteel Industries Inc. announced that its wholly-owned subsidiary, Insteel Wire Products Company, has completed the acquisition of substantially all of the assets associated with the prestressed concrete strand (PC strand) business of American Spring Wire Corporation (ASW) for a purchase price of approximately US$36.0 million, subject to certain post-closing adjustments.

ArcelorMittal Dofasco Selects Quintiq to Optimize Maintenance Scheduling

18 August 2014 - Quintiq, a global leader in supply chain planning and optimization (SCP&O), announced that ArcelorMittal Dofasco Inc. has selected Quintiq’s software platform to optimize maintenance planning and scheduling at its Hamilton, Ontario, Canada, flat rolled steelmaking facility.

Tata Steel Provides Update on Global Operations in Quarterly Report

18 August 2014 - Tata Steel Group declared its consolidated financial results for the quarter ended 30 June 2014.