Steel News

Tata Steel Writes Down Assets Due to Weakness in Europe

14 May 2013 - Tata Steel expects non-cash write down of the goodwill and assets in the consolidated financial statements for the year ended 31 March 2013 of around US$1.6 billion due primarily to weakness in Europe.

EVRAZ North America Announces New Executive Vice President for Flat Products

14 May 2013 - EVRAZ North America announced the appointment of John Zanieski as executive vice president, Flat Products Group and Recycling.

Timken Acquires Standard Machine, Expanding Its Industrial Services Offering in Canada

14 May 2013 - The Timken Company announced the continued expansion of its industrial services capabilities with the acquisition of the Standard Machine business based in Saskatoon, Saskatchewan, Canada.

AK Steel Announces Company's 2013 Sons and Daughters Scholarship Recipients

13 May 2013 - AK Steel is continuing a longstanding tradition this year by awarding college scholarships to sons and daughters of company employees.  The awards recognize outstanding academic achievement, leadership and community involvement. 

Cambelle-Inland Forms Strategic Alliance with China Gerui Advanced Materials Group

13 May 2013 - China Gerui Advanced Materials, a high-precision, cold rolled steel producer in China, engaged Cambelle-Inland, the China investment vehicle of Craig T. Bouchard to advise it on strategic planning and expansion in North America and around the world.

Essar Steel Launches Specialized Plate Products for Shipping and Logistics Industry

13 May 2013 - Essar Steel announced the launch of high-end branded steel plate products for the shipping and logistics industry.

Jindal Steel Orders X-Melt BOF Converter Shop from SMS Siemag

13 May 2013 - Jindal Steel and Power Ltd. (JSPL), one of India's largest steel producers, has contracted SMS Siemag for the delivery of an X-Melt® BOF converter shop including a secondary metallurgy center and comprehensive environmental technology.

U. S. Steel and Kobe Steel Commission PRO-TEC Coating Continuous Annealing Line

13 May 2013 - The United States Steel Corporation and Kobe Steel, Ltd., of Japan formally commissioned the new continuous annealing line at their joint venture PRO-TEC Coating Company. PRO-TEC will now process some of the strongest and most formable grades of steel in North America

ArcelorMittal Flat Carbon Europe Reports €43 Million Q1 2013 Operating Loss

10 May 2013 - ArcelorMittal announced results for its Flat Carbon Europe segment for the first quarter of 2013.

ArcelorMittal Reports First Quarter 2013 Results

10 May 2013 - ArcelorMittal, the world’s leading integrated steel and mining company, announced results for the three month period ended 31 March 2013.

Siemens to Modernize Continuous Caster for HKM in Germany

10 May 2013 - Siemens Metals Technologies has received an order from Hüttenwerke Krupp Mannesmann GmbH (HKM) to modernize the No. 1 continuous slab caster in the DuisburgHuckingen plant.

Terry Fedor of Cliffs Natural Resources Appointed AIST President for 2013–2014

09 May 2013 - Terry G. Fedor II, U.S. Iron Ore Operations, Cliffs Natural Resources, Bentleyville, Ohio, USA, has been appointed president of the Association for Iron & Steel Technology (AIST) for 2013–2014.

Mechel Announces Successful Hot Testing of Universal Rolling Mill at Chelyabinsk Metallurgical Plant

08 May 2013 - Mechel OAO, a leading Russian mining and metals company, announced that successful hot testing was held at the complex of Chelyabinsk Metallurgical Plant's universal rolling mill.

AIST Presents Steelmaker of the Year and Other Awards at AISTech 2013

07 May 2013 - Joon Yang Chung, chairman and chief executive officer of POSCO, was named “Steelmaker of the Year” at AISTech 2013 — The Iron & Steel Technology Conference and Exposition, managed by the Association for Iron & Steel Technology (AIST). Other award winners were also announced during the President's Award Breakfast.

Timken Shareholders Support Proposal to Spin Off Steel Business

07 May 2013 - Timken shareholders voted to support the non-binding shareholder proposal to spin off the company's Steel business with approximately 47% of the outstanding shares voted for the proposal and 41% of the outstanding shares voted against the proposal.

CMI Services to Supply ArcelorMittal with 80 Continuous Casting Crosspieces

07 May 2013 - At the end of April, CMI Tech5i/Pastor, the CMI Services business unit based in Fos-sur-Mer, France, won a contract with ArcelorMittal Fos-sur-Mer for the supply of 80 continuous casting crosspieces.

Outokumpu Stainless Steel Creates Lighter Tanks and Lower Maintenance Costs

07 May 2013 - Outokumpu delivered 150 tons of stainless steel sheet for the construction of storage tanks by Japrotek, a Finnish company that produces agitators, pressure vessels and large tanks, built on site, for the process industries.

Steel Dynamics, Inc. Announces Management Appointments

06 May 2013 - Steel Dynamics, Inc. announced two senior level management appointments.

London Business School MBA Students to Provide Consultancy Work for Severstal

06 May 2013 - OAO Severstal is extending its partnership with the London Business School (LBS). As part of the LBS’s Executive MBA course, students will deliver a management consultancy project for Severstal focused on the development of its mining business in Africa.

Universal Stainless Says Demand Recovery Proceeding Slowly

03 May 2013 - As it reported its first quarter 2013 results, Universal Stainless & Alloy Products, Inc. said it saw increased tons shipped to most major end markets, with shipments to aerospace up 5%, power generation up 17%, heavy equipment up 27%, and general industrial market up 124%, offset by 23% lower shipments to the oil and gas market, all in comparison to the fourth quarter of 2012.