Steel News

Mechel Reports Temporary Suspension of Steelmaking Facilities in Romania and Ukraine

26 November 2012 - Mechel OAO reported the temporary halting of production at its Donetsk Electrometallurgical Plant (DEMZ), part of Mechel’s steel division, and a schedule for temporary suspension of production at the group’s Romanian steelmaking facilities, in both cases due to unfavorable conditions on markets of raw materials and finished steel products.

NLMK Indiana Production Beats All-Time Record

26 November 2012 - NLMK Indiana recently broke all time production records. In addition, the company will commission new equipment for its EAF, casting and rolling operations in Q4 2012 and 2013.

Tata Steel Restructures to Improve Competitiveness in UK

26 November 2012 - Tata Steel has announced restructuring proposals, including the restart of its No. 4 blast furnace and the loss of 900 jobs, "to improve the competitiveness of its UK operations so they can successfully perform in changing markets."

Tenova Strip Processing Receives Final Acceptance for Electrolytic Tinning Line in China

26 November 2012 - Tenova Strip Processing has successfully received the FAC (Final Acceptance Certificate) for its high-speed electrolytic tinning line in Jiangsu Dajiang Metal Material plant in China, one of the fastest in the world (550 m/min), which produces 250,000 tonnes per year of tin plate.

MMK Metalurji Halts EAF and Hot Rolling Facilities for 90 Days

22 November 2012 - MMK Metalurji announced that its EAF and hot rolling facilities in Iskenderun, Turkey, were halted for a period of up to 90 days. In the meantime, the plant’s cold rolling mill, galvanizing and color coating lines remain operational at the current high capacity levels.

SSAB Awards 2012 Swedish Steel Prize to New Zealand Company

22 November 2012 - SSAB announced the Swedish Steel Prize has been awarded to A-Ward Attachments Ltd. of New Zealand, which designed a flexible system using high-strength steel which compresses and packs metallic scrap in containers.

ThyssenKrupp Electrical Steel Receives "German Business Award for Health"

21 November 2012 - The electrical steel manufacturer ThyssenKrupp Electrical Steel GmbH was presented with a special "German Business Award for Health" (industry category) in Berlin by the BKK Federal Association.

Judge Approves RG Steel Retention Plan

21 November 2012 - A Delaware bankruptcy judge on Tuesday approved a request by failed steelmaker RG Steel to pay $767,000 under a retention program to keep about 20 key employees on the job through the end of the year as the company finishes liquidating its assets, according to Bloomberg Businessweek.

Heidtman Steel Products Says Chinese Firm Owes It $7 million

21 November 2012 - A Toledo company that has supplied steel for the Detroit Three automakers and raw materials to steel mills says it was duped eight years ago by a Chinese business that claimed to have a great supply of coking coal for sale, the Toledo Blade reports.

Siemens Modernizing EAF at Swiss Steel

21 November 2012 - To shorten process times and cut conversion costs, Swiss Steel AG has placed an order with Siemens Metals Technologies for major modernization work on the company’s electric arc furnace in Emmenbrücke, in the Lucerne canton.

Tata Steel Commissions New Coke Oven Battery

21 November 2012 - Tata Steel commissioned the new coke oven battery #10 and by-product plant at its Jamshedpur facility in India.

Xilin Iron & Steel Orders New Wire Rod Mill from SMS Meer

21 November 2012 - Xilin Iron & Steel from Heilongjiang Province, China, is increasing its production capacities with a new high-speed wire rod mill from SMS Meer

Carpenter and Sandvik Dissolve Joint Ventures; Supply Agreement Reached

20 November 2012 - Carpenter Technology Corporation and Sandvik Materials Technology announced that they will dissolve their two-year old joint ventures – Powdermet AB in Surahammar, Sweden, and Carpenter Powder Products AB in Torshälla, Sweden.

VISA Steel and SunCoke Energy Announce Indian Joint Venture

20 November 2012 - VISA Steel Limited and SunCoke Energy, Inc. announced that they have entered into agreements to form a cokemaking joint venture in India.

Optima Specialty Steel to Acquire Kentucky Electric Steel

20 November 2012 - Optima Specialty Steel, Inc., has entered into a definitive merger agreement with ALJ Regional Holdings, Inc., to acquire 100% of KES Acquisition Company dba Kentucky Electric Steel.

SDI Roanoke Bar Division Announces Price Increase

19 November 2012 - Steel Dynamics Inc. Roanoke Bar Division announced on 12 November 2012 that it was increasing the price of all its products by $35/ton or $1.75 cwt, effective with shipments beginning 1 December 2012.

Voestalpine Breaks Ground on New U.S. Plant

19 November 2012 - On 14 November 2012, the voestalpine Group held a groundbreaking ceremony for its Metal Forming Division’s new plant in Cartersville, Ga.

AISI Recognizes DiMicco for His Service to the Institute, Steel Industry

19 November 2012 - The American Iron and Steel Institute recognized Daniel DiMicco, who is stepping down as CEO of Nucor Corporation on 1 January 2013, for his dynamic leadership on AISI's Board of Directors which has been invaluable in advancing the steel industry's pro-manufacturing agenda.

CCR Technologies to Supply 2-Strand Billet Caster to Gerdau Corsa

19 November 2012 - CCR Technologies Inc. of Ontario, Canada, has been awarded the complete turnkey supply of a 2-strand billet caster for Gerdau Corsa of Mexico.

John Ferriola to be Named Nucor CEO Effective 1 January 2013

16 November 2012 - Nucor CEO Daniel R. DiMicco announced that he is passing this privilege and responsibility on to current President and Chief Operating Officer, John J. Ferriola. Ferriola will follow DiMicco as CEO effective 1 January 2013.