Steel News

Outokumpu Completes Inoxum Transaction

02 January 2013 - Outokumpu announced the completion of the Inoxum transaction. The company now hold close to 40% of the stainless steel market share in Europe and 12 globally.

Timken Acquires Wazee Companies, Expands Industrial Service Offerings

02 January 2013 - The Timken Company announced its acquisition of the assets of Wazee Companies, LLC, a regional leader providing motor, generator, wind and industrial crane services to diverse end markets including oil and gas, wind, agriculture, material handling and construction.

Shale Gas Revolution Spurs Wave of New U.S. Steel Plants

02 January 2013 - The U.S. shale-gas revolution, which has revitalized chemicals companies and prompted talk of domestic energy self-sufficiency, is attracting a wave of investment that may revive profits in the steel industry, the Pittsburgh Post Gazette reports.

Outokumpu Appoints Johann Steiner as EVP — Human Resources

02 January 2013 - Outokumpu has appointed Johann Steiner as executive vice president — human resources and health, safety and sustainability.

Outokumpu Appoints Tamara Weinert as VP — Investor Relations

02 January 2013 - Mrs. Tamara Weinert has been appointed as vice president — investor relations at Outokumpu as of 28 December 2012.

ArcelorMittal to Sell a 15% Interest in ArcelorMittal Mines Canada for US$1.1 Billion

02 January 2013 - ArcelorMittal has agreed to sell a 15% interest in ArcelorMittal Mines Canada to a consortium led by POSCO and China Steel Corporation for US$1.1 billion.

Gerdau's Plants in Spain and Mexico Receive Environmental and Health Certifications

01 January 2013 - Gerdau's plants in Reinosa, Spain and in Tultitlán, Mexico received the OHSAS 18001 and ISO 14001 certifications due to their commitment with the environment and their occupational health and safety system.

MMFX Steel Extends Market Reach to Chile

01 January 2013 - MMFX Steel Corporation has introduced its uncoated corrosion-resistant and high-strength reinforcing steel, MMFX2, into Chile, as its first entry into the South American markets.

Association of Women in the Metal Industries Hosts Annual Conference in Denver

31 December 2012 - A gathering of nearly 150 metals industry professionals assembled in the Mile-High City at the Association of Women in the Metal Industries' annual conference in November to network, share ideas, interact with industry leaders and learn about the latest developments impacting their businesses.

Essar Steel Hazira Plant Honored for Excellence in Safety

31 December 2012 - The Essar Steel Hazira facility was recognized for excellence in safety, winning the runner-up Manufacturing Today Award 2012 in the large industries category.

ArcelorMittal Liège Team Invents New Sensor for the Steel Industry

31 December 2012 - Since early November, the pickling baths on galvanizing line no. 5 at ArcelroMittal's plant in Liège, Belgium, have been equipped with a new sensor that is the result of collaboration between Liège’s engineering department, the University of Liège and ArcelorMittal’s galvanizing line team.

Sutor Technology Group Appoints New CFO

31 December 2012 - Sutor Technology Group Limited, a China-based manufacturer and distributor of high-end fine finished steel products and welded steel pipes used by a variety of downstream applications, announced that it has appointed Naijiang (Eric) Zhou as its chief financial officer,

JSW Steel Selects Broner Metals Solutions for Project at Vijyanagar Plant

28 December 2012 - Broner Metals Solutions announced that it has been selected by JSW Steel to implement a world class production planning and scheduling solution for the JSW Vijaynagar Integrated steel complex in India.

METALLOINVEST Increases Supply of Iron Ore to MMK

28 December 2012 - METALLOINVEST and OAO Magnitogorsk Iron & Steel Works (MMK) announced the signing of a long-term contract increasing the supply of iron ore.

Kobe Steel, Kobelco Construction and CNH Global Determine Not to Renew Global Alliance

28 December 2012 - Kobe Steel, Ltd. and group company Kobelco Construction Machinery Co., Ltd. announced today that the initial term of their global alliance with CNH Global N.V. will end on 31 December 2012.

Arvedi Invests in Tube Production in Brazil

28 December 2012 - The Arvedi Group has started production in South America. At the end of July, the new Arvedi Metalfer do Brasil works produced the first steel tube with the Arvedi label.

Krakatau Steel and Nippon Steel & Sumitomo Metal to Establish Joint Venture in Indonesia

27 December 2012 - Nippon Steel & Sumitomo Metal Corporation and PT Krakatau Steel have agreed to conduct a detailed study to jointly launch a business for the manufacture and sale of automotive flat steel products in Indonesia.

Kentucky Electric Steel Reaches Labor Accord

27 December 2012 - The United Steelworkers Local 7054 and KES Acquisition Co. (dba Kentucky Electric Steel) have reached agreement on a new labor contract.

Severstal North America Appoints General Manager, Metallics Purchasing

26 December 2012 - Severstal North America has appointed Mr. Sachin Shivaram, general manager, metallics purchasing, reporting to Mr. Saikat Dey, chief strategy and procurement officer.

Mechel Reports Halting Production at Southern Urals Nickel Plant

25 December 2012 - Mechel OAO, a leading Russian mining and metals company, reports halting production at Southern Urals Nickel Plant OAO due to negative trends in the global nickel market and unfavorable forecasts for its recovery in the foreseeable future.