Steel News

BlueScope Acquires New Zealand Downstream Long Products Business

17 February 2014 - BlueScope Steel has agreed to acquire the downstream long-products rolling and marketing operations of Fletcher Building’s Pacific Steel Group (PSG), based in Auckland, New Zealand.

Timken Names New CFO

17 February 2014 - The Timken Company board of directors announced the appointment of Philip D. Fracassa as chief financial officer of the company.

Cliffs Natural Resources Issues Open Letter to Shareholders

17 February 2014 - Cliffs Natural Resources Inc. issued the following open letter to all shareholders.

Cliffs Natural Resources Announces New President and CEO

14 February 2014 - Cliffs Natural Resources Inc.’s Board of Directors has appointed Gary B. Halverson, 55, formerly president and chief operating officer, to president and chief executive officer, effective immediately. He also serves as a director on Cliffs' Board.

Can-Eng Furnaces to Supply Wide Plate Q&T Line to SAIL

14 February 2014 - Can-Eng Furnaces International Limited has been contracted to supply a wide plate quench and temper line for the Steel Authority of India Limited (SAIL).

Outokumpu Concludes Strategic Review of Thin Strip Operations in Sweden, Germany

14 February 2014 - After a strategic review, Outokumpu has decided to discontinue operations in Kloster, Sweden, but to continue operations in Nyby, Sweden, and Dahlerbrück, Germany.

Evrim, ArcelorMittal to Explore Mexico for Iron Ore Deposits

14 February 2014 - Evrim Resources Corp. has signed an agreement with ArcelorMittal Servicios Minerometalurgicos de Occidente S.A. de C.V., a wholly owned subsidiary of ArcelorMittal S.A., to explore for iron ore deposits in Mexico.

Cliffs Natural Resources Responds to Casablanca Capital

14 February 2014 - Cliffs Natural Resources Inc. issued the following statement in response to Casablanca Capital.

Severstal’s Shipments to Russian Pipe Manufacturers Up 10% in 2013

14 February 2014 - OAO Severstal delivered 1.8 million metric tons of rolled steel to Russia’s pipe manufacturers in 2013, a 10% increase compared to 2012.

Sutor Technology Group Appoints New Executives

14 February 2014 - China's Sutor Technology Group has announced a new CEO and a new chief operating officer.

Hyundai Steel Orders RH Plant for Secondary Metallurgy from SMS Mevac

13 February 2014 - South Korea's Hyundai Steel Co. has awarded SMS Mevac a contract for the supply of a fast vessel exchange RH (Ruhrstahl Heraeus) unit for its secondary-metallurgy facilities in Dangjin.

Siemens to Modernize Çemtaş Bar Rolling Mill in Turkey

13 February 2014 - Çelik Makina Sanayi ve Ticaret A.Ş. (Çemtaş), a Turkish steel producer, has awarded Siemens Metals Technologies an order to modernize its bar rolling mill in Bursa.

Cliffs Natural Resources to Significantly Reduce 2014 Capex

13 February 2014 - Cliffs Natural Resources Inc. will significantly decrease its capital expenditures in 2014.

Outokumpu Provides Update on Operations, Short Term Outlook

13 February 2014 - Outokumpu reported its performance results for 2013, including an outlook for the current quarter.

Tata Steel Reports Steady Performance Across Its Operations

13 February 2014 - As it reported its results for the nine-month period ended 31 December 2013, Tata Steel said positive earnings momentum continued even in a seasonally weak period.

Cliffs Shareholder Backing Former Metals USA Leader for Vacant Cliffs CEO Position

12 February 2014 - Casablanca Capital LP, one of the largest shareholders of Cliffs Natural Resources Inc., with beneficial ownership of approximately 5.2%, announced that it is backing Lourenco Goncalves, former CEO of Metals USA, to fill the currently open position of chief executive officer of Cliffs.

SMS Siemag Modernizes Coiler at Wuhan Iron & Steel

12 February 2014 - Wuhan Iron & Steel (WISCO) has placed an order with SMS Siemag to modernize a coiler in its No. 2 hot strip mill.

Sale of Outokumpu's Terni and VDM Assets to ThyssenKrupp Approved

12 February 2014 - The European Commission has approved the divestiture of Outokumpu’s Terni remedy assets, related service centers and VDM business unit to ThyssenKrupp, which was announced on 30 November 2013.

AK Steel Coke Plant Recognized For Outstanding Safety Performance

12 February 2014 - AK Steel’s Middletown (Ohio) Works coke plant has received the Max Eward Safety Award from the American Coke and Coal Chemicals Institute (ACCCI), a leading industry trade organization.

Timken Moving Forward with Spinoff of Steel Segment, TimkenSteel

12 February 2014 - The Timken Company announced that TimkenSteel Corporation, its newly formed subsidiary which will hold the company's steel business, has filed an initial Form 10 Registration Statement with the U.S. Securities and Exchange Commission (SEC).