Steel News

Johnstown Wire Technologies Acquired by Private Investment Firm

13 May 2014 - Aterian Investment Partners, a private equity firm, announced that one of its affiliates has acquired Johnstown Wire Technologies Inc.

Mexican, Indian Companies Partner to Develop Micro-Mills for Long Product Production in Americas

13 May 2014 - Mexico's PMP Grupo (Planeación, Mantenimiento y Proyectos) and India’s Preet Machines Limited have formed a commercial alliance to boost the construction of micro-mills for the recycling and transformation of scrap iron in the USA, Mexico and Canada, as well as other countries in Latin America.

Timken to Increase Prices on All SBQ Products

13 May 2014 - The Timken Company announced it will increase base prices on all special bar quality (SBQ) products by US$30 per ton.

SDI’s Glenn A. Pushis Appointed AIST President for 2014–2015

12 May 2014 - Glenn A. Pushis, vice president and general manager, Steel Dynamics Inc. – Flat Rolled Division, Butler, Ind., USA, has been appointed president of the Association for Iron & Steel Technology (AIST) for 2014–2015.

TMEIC Supplies Large Variable Speed Drives to Nucor's DRI Plant

12 May 2014 - TMEIC has completed the installation and startup of two large variable speed drives at Nucor’s direct reduced iron plant in Louisiana.

Nucor Promotes Chad Utermark To Executive Vice President

12 May 2014 - Nucor Corp. announced that Chad Utermark, vice president and general manager of Nucor-Yamato Steel Co., has been promoted to executive vice president of beam and plate products effective 11 May 2014.

AK Steel Announces Company's 2014 Sons and Daughters Scholarship Recipients

12 May 2014 - AK Steel is continuing a longstanding tradition this year by awarding college scholarships to sons and daughters of company employees.

Outokumpu's New Steel Grade Saves Lives in Mine Rescue Chambers

09 May 2014 - HEAT-IT Oy from Rovaniemi, Finland, has selected Outokumpu’s new high-chromium ferritic stainless steel Outokumpu 4622 as the material for its RESPETRA rescue chamber.

ArcelorMittal to Sell Stake in European Port Handling, Logistics Company

09 May 2014 - ArcelorMittal and H.E.S. Beheer N.V. have signed a sale and purchase agreement for the sale of ArcelorMittal’s 78% stake in European port handling and logistics company ATIC Services S.A. to HES Beheer.

ArcelorMittal Mexico Again Honored as Socially Responsible Company

08 May 2014 - ArcelorMittal Mexico has been honored by the Mexican Philanthropy Centre (CEMEFI), recognized as a socially responsible company for the third consecutive year.

U.S. Grain-Oriented Electrical Steel Industry Encouraged by Trade Case Ruling

08 May 2014 - The U.S. Department of Commerce announced its preliminary determinations that imports of grain-oriented electrical steel (GOES) from China, the Czech Republic, Germany, Japan, Poland, Russia, and South Korea are being sold at less than fair value (or “dumped”) in the U.S.

Acerinox Chairman Retires, Successor Named

08 May 2014 - The chairman of Acerinox S.A., Rafael Naranjo Olmedo, has submitted his resignation as chairman and director, due to health reasons.

SDI's Mark Millett Explains That Making Money in the Steel Industry Is Not a Mystery

07 May 2014 - Mark Millett, president and CEO of Steel Dynamics Inc., had two great honors bestowed upon him at AISTech 2104 in Indianapolis, Ind.: He was named 2014 Steelmaker of the Year, and he also received the 2014 William Hogan Memorial Lecture Award.

Timken Commissions MEERgauge® System from SMS Meer

07 May 2014 - Timken has successfully commissioned the MEERgauge® laser-based precision measuring system supplied by SMS Meer at its mill in Canton, Ohio.

ArcelorMittal USA, Supply Chain Partnership Honored for Industry-First Innovation

07 May 2014 - ArcelorMittal, Honda and Magna’s Cosma International announced that a joint nomination for the 2014 Automotive News PACE Awards was selected as the winner in the ‘Manufacturing Process and Capital Equipment’ category for the industry’s first laser-welded, hot-stamped door ring in the 2014 Acura MDX.

Fives and Wisco Sign Cooperation Agreement

07 May 2014 - Fives and Wisco, China’s third largest steel group, recently signed an extensive cooperation agreement.

Mark D. Millett Named Steelmaker of the Year at AISTech 2014

06 May 2014 - Mark D. Millett, president and chief executive officer of Steel Dynamics Inc., was named "Steelmaker of the Year" at AISTech 2014 — The Iron & Steel Technology Conference and Exposition, managed by The Association for Iron & Steel Technology (AIST).

New Gas Cleaning Plant from Paul Wurth Commissioned at SAIL’s Durgapur Plant

06 May 2014 - On 25 April 2014, Durgapur Steel Plant, belonging to the Steel Authority of India Limited (SAIL), successfully commissioned a new gas cleaning plant (GCP) at its blast furnace No. 3.

AK Steel Employee Receives Prestigious Recognition

06 May 2014 - AK Steel said today that Johannes (Hans) Schade, Ph.D., the company's manager of electrical steel technology and research laboratories, has received the Benjamin F. Fairless Award from the Association for Iron and Steel Technology (AIST).

NSSMC Ready to Make World’s Longest Railway Rails

06 May 2014 - Nippon Steel & Sumitomo Metal Corporation (NSSMC) has set up a system to manufacture and ship the world longest rails for railroads — 150-meter long rails — at Yawata Works in Japan.