Steel News

Steel Dynamics Provides First Quarter 2013 Earnings Guidance

19 March 2013 - Steel Dynamics, Inc. provided first quarter earnings guidance, noting that steel shipments are expected to be fairly flat in comparison to the fourth quarter of 2012, as decreases in galvanized sheet volume are expected to be offset by increased long product shipments.

Optima Specialty Steel Announces Planned Executive Changes

19 March 2013 - Optima Specialty Steel, Inc., one of North America’s independent manufacturers of specialty steel products including cold drawn seamless tubes, cold finished steel bars and hot rolled steel bars, announced planned transitions in executive and Board leadership.

Nucor Challenges Big River Steel

19 March 2013 - Controversy has arisen both in Mississippi County and Little Rock concerning the proposed construction of Big River Steel's new mill south of Osceola, according to a report from the Blytheville Courier News.

Gerdau Renames Indian Steel Operation as It Takes Majority Stake

19 March 2013 - Gerdau announced majority ownership of its first plant in Asia at Tadipatri, Ananthpur District, Andhra Pradesh, India, and the changing of the operation name from Kalyani Gerdau to Gerdau.

Indian Firm Looking at RG Steel Plant in Mingo Junction

18 March 2013 - Steelmakers from India are interested in restarting at least part of the silent RG Steel facility in Mingo Junction, which contains the US$115 million electric arc furnace, according to the plant's current owner, the Weirton Daily Times reports.

SunCoke Energy and VISA Steel Launch Joint Venture in India

18 March 2013 - SunCoke Energy, Inc. and VISA Steel Limited announced the official launch of their 400,000 tonne coke making joint venture in India called VISA SunCoke Limited.

ArcelorMittal Completes First Installment of Sale of 15% Interest in ArcelorMittal Mines Canada

18 March 2013 - ArcelorMittal announced the completion of the first installment of the previously announced investment by a consortium led by POSCO and China Steel Corporation (CSC) to acquire a joint venture interest in ArcelorMittal’s Labrador Trough iron ore mining and infrastructure assets in Quebec, Canada.

Voestalpine Focuses on Internationalization in its Special Steel Segment

18 March 2013 - Vvoestalpine's global Special Steel segment continues to expand and has acquired a majority stake in the Düsseldorf-based Eifeler Group.

Severstal Targets US$81 Million in Investments in Environmental Projects at Cherepovets Mill in 2013

18 March 2013 - The Cherepovets steel mill, part of the Russian Steel division of OAO Severstal, will invest up to 2.5 billion rubles (US$81 million) in its environmental improvement program in 2013.

AK Steel Names Vice President, Human Resources

14 March 2013 - AK Steel announced that Stephanie S. Bisselberg has been named vice president, human resources, effective 1 April 2013. She succeeds Lawrence F. Zizzo, who is retiring on 31 March 2013 following a 35 year career in the steel industry.

Timken Further Diversifies Portfolio with Acquisition of Interlube Systems Ltd.

13 March 2013 - The Timken Company announced its acquisition of Interlube Systems Ltd., which makes and markets automated lubrication delivery systems and related components to end market sectors including commercial vehicles, construction, mining, and heavy and general industries.

Mechel Announces Management Changes

13 March 2013 - Mechel OAO, one of the leading Russian mining and metals companies, announced a new executive appointment. Andrey Kocherov, 39, has been appointed Mechel OAO's vice president for public and investor relations.

ANDRITZ to Supply Laser Welding Systems for Chinese Auto and Steel Producers

13 March 2013 - ANDRITZ Soutec has booked two important orders from China: BAIC Motor in Peking and PCMI Metal Product in Chongqing have each ordered a laser welding system for tailored blanks (sheet-metal parts for car bodies).

Tata Steel Invests in Workforce of Tomorrow

13 March 2013 - Tata Steel has launched a search to find 122 bright, talented and passionate people to join its apprenticeship schemes across Britain.

Voestalpine Constructing Direct Reduction Plant in Texas

13 March 2013 - The decision on the location of the voestalpine Group’s direct reduction plant in North America has been made. The plant will be constructed on the La Quinta Trade Gateway in San Patricio County, just outside the city of Corpus Christi, Texas, USA.

Reuters: POSCO Cuts Back on Iran Steel Business

12 March 2013 - South Korean steelmaker POSCO, minority-owned by Warren Buffett's Berkshire Hathaway, has cut ties with government entities and sensitive industries in Iran such as energy and continues to trade with private firms, Reuters reports a letter as saying.