Steel News

METALLOINVEST Announces Second Quarter Operational Results

02 August 2013 - METALLOINVEST, a Russia-based iron ore and HBI producer, announced its operational results for the second quarter of 2013.

OAO Severstal Announces Management Structure Optimization

02 August 2013 - Further to the management and organizational changes announced by OAO Severstal on 15 July, the company announces further changes to optimize its management structure in order to achieve its stated goals of improving efficiency and reducing costs.

Outokumpu Wins a New Contract with Casa de Moneda de Mexico

01 August 2013 - Outokumpu has won a contract with Casa de Moneda de Mexico (The Mexican Mint) supplying coin blanks to support the Latin American marketplace.

Severstal Upgrading Cherepovets Steel Mill's Cold Rolling Mill

01 August 2013 - The Cherepovets Steel Mill, a major integrated steelmaker and part of the Russian Steel division of OAO Severstal, one of the world’s leading steel and steel-related mining companies, announced that it is to upgrade its 4−stand cold reduction mill to improve product quality, reduce costs and increase output.

EVRAZ Gives Second Quarter 2013 Production Report

01 August 2013 - EVRAZ plc released its operational results for the second quarter of 2013, noting that its key steelmaking facilities in Russia and North America continued operating at high utilization rates during the quarter.

Report: Work Continues at Severstal Columbus Following Accident

01 August 2013 - Crews will have to repair one of the lines at Severstal in Columbus after a ladel of steel spilled Tuesday night, according to a local report from WTVA.

Gerdau's Steel Shipments Grew Quarter-on-Quarter But Down Year-on-Year

01 August 2013 - Brazil-based Gerdau reported that shipments of steel products reached 4.6 million tonnes in the 2Q13, a 3% reduction when compared to 2Q12, however an increase of 1.7% compared to 1Q13.

Reuters: U. S. Steel's Locked-Out Canada Workers Reject Contract Proposal

01 August 2013 - Workers locked out at United States Steel Corp's Lake Erie works in Canada have voted to reject the steelmaker's contract proposal, their union said on Wednesday, according to a Reuters report.

Mechel Disposes of Several Ferroalloy Assets

01 August 2013 - Mechel OAO announced the signing of an agreement for the sale of several ferroalloys assets to Turkey's Yildirim Group.

AK Steel Comments on China's Failure to Implement WTO Rulings in Electrical Steel Case

01 August 2013 - AK Steel said it will request that the U.S. Government seek WTO authorization to impose retaliatory tariffs against certain imports from China until China comes into compliance by revoking the antidumping and countervailing duty measures on grain oriented electrical steel from the U.S.

Superior Machine to Upgrade Gallatin Steel's C Furnace

31 July 2013 - Superior Machine Co. of S.C., Inc. has been awarded a contract to supply and install the equipment to upgrade the C furnace at Gallatin Steel Co. in Ghent, Ky.

Severstal's Cherepovets Mill Delivers Record Production of Galvanized Color-Coated Steel

31 July 2013 - The Cherepovets Steel Mill, one of the world’s largest integrated steel mills and part of the Russian Steel division of OAO Severstal, announced that it delivered record production of more than 38,000 tonnes of galvanized color-coated steel in June.

Sale of ThyssenKrupp Tailored Blanks to WISCO Completed

31 July 2013 - The sale of ThyssenKrupp Tailored Blanks to Wuhan Iron and Steel Corporation (WISCO) of China has been completed.

Universal Stainless Earnings Impacted by Lower Than Expected Demand and Volumes

31 July 2013 - As it reported its second quarterly earnings results, Universal Stainless & Alloy Products, Inc. said the longer-term outlook for its end markets remains strong and it is generally expected that demand will begin to gain traction in the fourth quarter.

EVRAZ Suspends Operations at EVRAZ Palini e Bertoli Mill in Italy

30 July 2013 - EVRAZ plc announced that due to unfavorable market conditions it has been decided to temporarily suspend operations at the EVRAZ Palini e Bertoli plate mill in Italy starting from 20 August 2013.

AK Steel Announces Stainless Steel Price Increase

30 July 2013 - AK Steel is increasing base prices for 200, 300 and 400 series flat rolled stainless steel products, effective with shipments on 1 August 2013. 

Carpenter Technology Reports Results from Challenging Quarter

30 July 2013 - Carpenter Technology Corporation reported its results for the quarter ended 30 June 2013, noting that it is entering fiscal 2014 optimistic about the year, although shorter lead times and low nickel prices provide less visibility about underlying demand.

Ternium's Shreveport Mill Resumes Activities After Incident

30 July 2013 - Operations at Ternium USA were disrupted on 5 July after a zinc leakage on electrical wiring caused an incident on the company’s galvanizing line.

United States Steel Corporation Reports 2013 Second Quarter Results

30 July 2013 - U. S. Steel reported a second quarter 2013 net loss of US$78 million, noting impacts from the ongoing lockout at its Lake Erie Works and a deceleration in global economic growth.

Alloy Steel International Advises Changes to CEO and Board

30 July 2013 - Alloy Steel International, Inc. announced that all directors were re-elected at the company's 2013 AGM held on 28 June 2013. Mr. Gene Kostecki advised the Board that he is resigning as CEO and technical director with immediate effect to allow him to pursue other interests.