Steel News

voestalpine Responds to German Cartel Office's Rail Cartel Announcement

24 July 2013 - The result of investigations related to deliveries of rail tracks and rail equipment to Deutsche Bahn – which impacted several companies – is that voestalpine was fined € 6.4 million for these deliveries. For voestalpine, this means that the German Cartel Office proceedings in the cartel case are fully and finally settled.

Essar Steel Algoma Announces Investor Relations Appointment

24 July 2013 - Essar Steel Algoma Inc. announced the appointment of Flora Wood to lead investor relations, effective immediately. 

Ternium Reports Explosion at Its Guerrero Facility

23 July 2013 - Ternium S.A. announced that an explosion occurred on 22 July during routine maintenance work at the DRI intake of an electric arc furnace at its Guerrero facility in Monterrey, Mexico.

SMS Siemag Modernizing Cold Rolling Mill in Bangladesh

23 July 2013 - KYCR Coil Industries Limited of Bangladesh has contracted SMS Siemag for an upgrade of the existing CVC® plus six-high reversing cold mill to a CCM® (Compact Cold Mill).

AK Steel Reports Second Quarter Results Impacted by Middletown Blast Furnace Outage

23 July 2013 - AK Steel reported a net loss of US$40.4 million for the second quarter ended 30 June 2013, compared to a net loss of US$724.2 million for the second quarter of 2012.

Dragon Steel Starts Up Second Siemens-Supplied Sinter Plant

23 July 2013 - Production operations recently commenced at the new 3.8 million tons per annum No. 2 sinter plant at Dragon Steel Corp. in Taiwan.

Metinvest and Black Iron Finalize Arrangement to Develop Ukrainian Iron Ore Assets

23 July 2013 - Metinvest B.V., Ukraine’s largest mining and steel producer, has executed definitive agreements to form a development arrangement with Black Iron Inc. and to invest in Black Iron (Cyprus) Ltd (BKI Cyprus), which is currently a wholly-owned subsidiary of Black Iron.

World Steel Association Provides Update on Global Steel Production in First Half of the Year

22 July 2013 - World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 132 million metric tons in June 2013, an increase of 1.9% compared to June 2012.

Mechel Sells British Plant Invicta Merchant Bar

22 July 2013 - Mechel OAO, a leading Russian mining and metals company, has sold 100% of its shares of British-based steel plant Invicta Merchant Bar and its debt to privately-owned Helium Miracle 127 LLP for 1.1 million pounds sterling.

Metinvest Launches New Rebar Product for Mining

22 July 2013 - Yenakiieve Iron & Steel Works’ Makiivka Branch has mastered the production of thread bar, the use of which simplifies and accelerates the process of rock-bolting — an advanced method for affixing mine tunnel roofs.

ArcelorMittal South Africa Hands Over State-of-the-Art School to Local Community

22 July 2013 - ArcelorMittal South Africa has officially handed over the R45 million (€ 3.45 million) state-of- the-art Mandela Park Primary School built in Slovo Park, Mthatha (Eastern Cape), to the Minister of Basic Education, Honorable Angie Motshekga and the community of Mthatha. The new school, which will accommodate 1,200 pupils, has been built using ArcelorMittal's alternative building technology based on steel.

ArcelorMittal Vaulx-en-Velin Supports Young Entrepreneur

22 July 2013 - ArcelorMittal is supplying specialist steel to a young company that is helping to solve a common problem in modern life — low battery.

POSCO Named "World's Most Competitive Steelmaker" for Fourth Consecutive Year

19 July 2013 - POSCO has been ranked as the “World’s Most Competitive Steelmaker” by World Steel Dynamics (WSD) for the fourth consecutive year.

ArcelorMittal Signs Contract with STX France for World's Biggest Cruise Ship

19 July 2013 - ArcelorMittal has been selected by the STX France shipyard in St Nazaire to supply 100% of the steel for the hull and 20 bridges in the world’s biggest cruise ship.

ArcelorMittal Drives Gender Diversity Discussion in Luxembourg

19 July 2013 - With the motto “best talent=best organization=best performance,” ArcelorMittal continues to promote diversity and inclusion at the world’s leading steel and mining company.

OEMK Confirms Compliance of Environmental Management System with International Standards

19 July 2013 - Russia's Oskol Electrometallurgical Plant (OEMK) confirmed compliance of its environmental management system with the ISO 14001:2004 standard following the annual compliance audit.

Metinvest Opens Sales Office and Warehouse in Bryansk

19 July 2013 - Metinvest Eurasia, LLC, Metinvest Group’s wholesale and retail channel in Russia, has expanded its distribution network in the Central Federal District by opening a new sales office and a warehouse in Bryansk.

Nucor Reports Improvements in Steel Products and Raw Materials Segments During Second Quarter

18 July 2013 - As it reported its second quarter earnings results, Nucor Corp. said its steel mills' operating performance was down compared to the second quarter mainly due to weakness in sheet steel, but it expects to see improvements in the third quarter.

Chinese Company Orders Stainless Steel Tandem Cold Mill from Siemens

18 July 2013 - Siemens Metals Technologies has received an order from Beihai Chengde Stainless Steel Co., China, to supply a Power X-HI type, five-stand, continuous tandem cold rolling mill and a heavy laser welding for the Beihai plant in Guangxi Province.

Steel Dynamics Remains Optimistic Despite Challenging Second Quarter

18 July 2013 - Steel Dynamics, Inc. said slower anticipated economic growth in China, suppressed economic growth in Europe, persistent uncertainty in the domestic economy, and domestic oversupply created a challenging quarter as it reported its second quarter earnings results.