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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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Latest News

Oleg Bagrin Elected President of NLMK

26 October 2012 - NLMK announced that its shareholders officially elected Oleg Bagrin as NLMK President (Chairman of the Management Board).

U.S. Steel Laying Off 40 Employees

26 October 2012 - U.S. Steel is laying off 40 hourly employees at its Lorain Tubular Operations in Ohio. Workers were informed yesterday afternoon and told the cuts were due to "business conditions," the Morning Journal reports.

Winterization Begins at RG Steel in Warren

26 October 2012 - Workers last week began the timely and expensive process of protecting infrastructure inside the former RG Steel Mill in Warren, Ohio, against damage from frozen pipes as winter approaches.

Severstal NA Wins Gold Medal of AIST Reliability Achievement Award

26 October 2012 - Severstal North America, one of the largest U.S.-based flat-rolled steel producers, is pleased to announce that it was selected as the Gold Medal winner of the 2012 Association for Iron and Steel Technology (AIST) Reliability Achievement Award. The award, open to all North American iron and steel producers, recognizes an individual project that has had significant impact on operational reliability.

Steel Dynamics Awards SBQ Plant Expansion Contract to SMS Meer

25 October 2012 - Steel Dynamics awarded the contract for a major expansion of its SBQ plant at its Pittsboro, Ind., works to SMS Meer. This upgrade is to integrate a new reheating furnace, a roughing mill and a new threeroll PSM® (Precision Sizing Mill) into the facility.

Gerdau Unveils New Continuous Caster in Michigan

25 October 2012 - Gerdau has completed construction of a new continuous caster at its Monroe, Mich. facility; the caster was showcased at a ribbon cutting ceremony held on 24 October 2012.

Timken Reports Third Quarter Results Impacted by Fragile Economy, Declining Demand

25 October 2012 - The Timken Company reported lower sales in the third quarter due to weak demand, lower surcharges and the impact of currency, and is expecting even lower shipments to customers in many of its global markets in the fourth quarter.

Recycling Wasted Heat and Power Could Clean the Air

25 October 2012 - ArcelorMittal Steel USA is finding an uncommon way to beat the competition: It is cutting energy consumption at one of its steel plants in Chicago by re-using heat to make electricity. It says that it is saving $100 million a year by creating an extra 75 megawatts of emissions-free electricity, according to a Forbes report.

AIST Presents the 2012 Reliability Achievement Awards

24 October 2012 - The Association for Iron & Steel Technology (AIST) proudly announced the 2012 Gold, Silver and Bronze Reliability Achievement Awards on 23 October 2012. These awards recognize organizations and the individuals within them that have developed, applied and proved a new practice, policy or procedure that significantly improves iron- and steelmaking reliability in North America.

Gerdau Corsa Makes the Largest Private Investment in the History of Hidalgo State

24 October 2012 - Gerdau Corsa announced details of the project to build a new plant to produce structural steel in Ciudad Sahagún, Hidalgo, Mexico.

Allegheny Technologies Announces Positive Third Quarter Results Despite Economic Uncertainty

24 October 2012 - Continuing uncertainty regarding global economic conditions impacted Allegheny Technologies Inc.'s third quarter 2012 results but the specialty steelmaker sees growth potential in many markets, including the oil and gas/chemical process and jet engine aftermarket, among others.

CMC Reports a Fourth Consecutive Profitable Quarter

24 October 2012 - U.S.-based steelmaker and recycler Commercial Metals Company reported its earnings for the fiscal quarter and year ended 31 August 2012, announcing a fourth consecutive quarter of profitability and the fifth-best year in the company's history, despite a backdrop of weak conditions in most major markets globally.

Outokumpu Reports Unsatisfactory Profitability in a Challenging Environment

24 October 2012 - Finnish stainless steelmaker Outokumpu reported continued positive cash flow but unsatisfactory profitability as it reported its third quarter earnings results. It also provided a short term outlook.

SSAB Reports Operating Loss for Third Quarter 2012

24 October 2012 - Sweden-based steelmaker SSAB says that, despite a tough market, it is continuing to pursue an increasing number of development projects, as it reported its third quarter earnings results.

Universal Stainless Reports Third Quarter 2012 Results

24 October 2012 - As it reported its third quarter 2012 results, Universal Stainless & Alloy Products says it is encouraged by the continued expansion of its aerospace-related businesses, but that other industries have been moving cautiously through the second half of the year due to global economic conditions and overall uncertainty.

JFE Steel and Kanematsu Acquire Premium Threading Business in U.S. for US$91.5 Million

23 October 2012 - JFE Steel Corporation announced it is decided to acquire the premium threading business and related assets of U.S.-based Benoit Machine LLC through a holding company, Benoit Holding Company, which has been jointly established by JFE Steel and Kanematsu USA Inc., a wholly owned subsidiary of Kanematsu Corporation in Japan.

ArcelorMittal Engineer Recognized with Top Award from Chinese Government

23 October 2012 - ArcelorMittal’s Marc Burty, a process development engineer, has won a prestigious award from the Chinese government for his work with Lianyuan Steel (LYS), a subsidiary of Hunan Valin Steel in which ArcelorMittal owns a stake.

AK Steel Reports Net Loss in Third Quarter of 2012

23 October 2012 - AK Steel reported a net loss of $60.9 million for the third quarter of 2012 as challenging domestic and global economic conditions continued to weigh on shipping volumes and prices.

Carpenter Technology Reports Positive Quarterly Results

23 October 2012 - Carpenter Technology Corp. reported its results for the quarter ended 30 September 2012, noting some areas where customer demand has softened recently, but other attractive end markets where demand is strong for its ultra-premium and premium products.

ArcelorMittal Invests €6m in Belval

23 October 2012 - ArcelorMittal Belval & Differdange has approved a revamp of the core components of the Belval electric arc furnace (EAF) in Luxembourg.

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