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The latest news on the companies producing steel or raw materials used in the iron- and steelmaking process.

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Ilva to Temporarily Lay Off Up To 2,000 Workers

08 November 2012 - Italian steel producer Ilva announced  that "due to the ongoing market crisis which started in the first quarter this year, in the next few days the company will start to implement temporary layoffs at the Taranto-based steel complex." Up to 2,000 workers will be affected by the decision and will be paid from redundancy funds, SteelOrbis reports.

voestalpine Reduces Profit Projection by €100 Million

07 November 2012 - Austrian steelmaker voestalpine cut its profit projection for the year by €100 million due to "ever growing economic uncertainty" and worsening conditions over the past several months.

Ternium Reports Lower Third Quarter Shipments in Latin America Offset by Higher Shipments in North America

07 November 2012 - Latin American steelmaker Ternium reported its third quarter financial results, noting it expects steel demand in the Americas to increase next year as market conditions gradually improve in North America and in Brazil.

Ternium Reports Lower Third Quarter Shipments in Latin America Offset by Higher Shipments in North America

07 November 2012 - Latin American steelmaker Ternium reported its third quarter financial results, noting it expects steel demand in the Americas to increase next year as market conditions gradually improve in North America and in Brazil.

Outokumpu Announces the European Commission Has Approved the Inoxum Transaction

07 November 2012 - The European Commission has approved the acquisition of Inoxum by Outokumpu. The transaction makes Outokumpu the new global leader in stainless steel and high performance alloys, the company says.

Tata Steel Expands Aerospace Activities in China

07 November 2012 - Tata Steel has expanded its aerospace operations in China by opening its second aerospace service center in the country; the new facility in Xi’an complements its existing operation in Suzhou, opened in 2009, and aims to serve the growing demand for aerospace materials in the region.

Severstal North America Appoints New VP of Human Resources

07 November 2012 - Severstal North America has appointed Ms. Olga G. Filatova Vice President, Human Resources, Severstal North America, effective 15 November 2012. Filatova replaces Mr. Melvin Baggett, who is retiring after 36 years of service with the company.

SSAB Dedicates New Q&T Line in Alabama

07 November 2012 - SSAB recently dedicated its newest queching line, a $300 million line in Axis, Ala., which will produce 220,000 tons per year of ultra high-strength steels.

Carpenter Technology CEO Selected as "Most Profitable CEO" for 2012

06 November 2012 - William A. Wulfsohn, President & CEO of Carpenter Technology Corporation, has been selected by the ranking committee of ExecRank as a "Most Profitable CEO" for 2012.

Nucor Enters Long-Term Natural Gas Agreement

06 November 2012 - Nucor Corporation announced that it has entered into a long-term agreement with Encana Oil & Gas (USA) Inc. for an onshore natural gas drilling program in the continental U.S. that it believes will ensure a reliable, low cost supply of natural gas for its existing and expected future needs for more than 20 years.

AK Steel Announces Price Increase

06 November 2012 - AK Steel said today that it will increase current spot market base prices for all carbon flat-rolled steel products by $50 per ton, effective immediately with new orders.

SMS Meer Receives Order for Gap Closing Press in Russia

06 November 2012 - Izhorsky Trubny Zavod (ITZ), part of the Severstal Group based in Kolpino near St. Petersburg, Russia, has placed an order with SMS Meer for the supply of a new gap closing press with a press force of 25 MN. The machine will be integrated into the existing 18m JCOE® large-diameter pipe mill, which SMS Meer supplied in 2006.

ArcelorMittal Flat Carbon Europe Segment Reports Operating Loss in Third Quarter

06 November 2012 - ArcelorMittal's Flat Carbon Europe segment's total operating loss for the first nine months of 2012 is now €643 million, reflecting the continued difficult operating environment in Europe where further weakening of demand has combined with a seasonal slowdown.

Mitsubishi-Hitachi Receives Order for Large-Scale Hot Rolling Equipment for Vietnam

06 November 2012 - Mitsubishi-Hitachi Metals Machinery, Inc., recently received a large-scale order from Nan Ya Plastics Corp., a core company of the Formosa Plastics Group, for hot rolling equipment with an annual production capacity of 5.3 million tons in Vietnam.

ArcelorMittal South Africa Ordered to Cease Operation Due to Environmental Concern

05 November 2012 - ArcelorMittal South Africa received notice from the Gauteng Department of Agriculture and Rural Development on 22 October 2012 instructing the company to cease operation of certain units at its Vanderbijlpark plant; the department alleges that the units do not comply with certain conditions of the air emission license for the Vanderbijlkpark plant.

SMS Meer to Provide New Wire Rod Mill to Chinese Steelmaker

05 November 2012 - China’s Xilin Iron & Steel in Heilongjiang Province is increasing its production capacities with a new 1 million tonne/year high-speed wire rod mill from SMS Meer.

Universal Stainless Reports Correction to Previously Reported Third Quarter 2012 Results

05 November 2012 - Universal Stainless & Alloy Products, Inc. is correcting the results for the third quarter of 2012 previously reported on 24 October 2012. This was necessitated by the discovery of an incorrect customer invoice, for which a credit memo has now been issued.

Lawsuit Threat Looms Over Nucor Steel Marion Plant Emissions

05 November 2012 - Nucor Steel Marion could face a lawsuit because of increased levels of manganese and arsenic in the air and soil that a team of attorneys says are the result of emissions from the company’s steel mill, according to the Marion Star.

ArcelorMittal Georgetown Steel Mill Lays Off 20

05 November 2012 - Twenty workers at ArcelorMittal's Georgetown mill in South Carolina have been laid off and another 20 open positions will go unfilled, the Sun News reported.

Worthington Industries Divests Air Brake Tank Business in Czech Republic

05 November 2012 - Worthington Industries, Inc. announced that its Pressure Cylinders segment has completed the sale of its European air brake tank business to Frauenthal Automotive.

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