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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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Nucor Announces Guidance for Its Third Quarter Earnings

18 September 2012 - Lower steel margins due to rising imports and slowing economic growth both domestically and globally has prompted Nucor to release third quarter earnings guidance similar to the second quarter but down signficantly from the third quarter of last year.

Metinvest Reconstructs Ilyich Sheet Mill

18 September 2012 - The Metinvest group invested US$3.7 million to repair and modernize its PJSC Ilyich Iron and Steel Works' sheet mill.

Simetal Merim Dry-Type Dedusting Plant to be Installed at Kardemir in Turkey

18 September 2012 - The Turkish steelmaker Kardemir has ordered a Simetal Merim dry-type dedusting plant from Siemens VAI Metals Technologies.

First Batch of ArcelorMittal Galati Interns Graduate

18 September 2012 - The first batch of ArcelorMittal Galati interns have graduated summer school. 20 students from Romania, one from France and one from China studied and worked on practical projects which covered real production situations to be improved.

ArcelorMittal Announces US$50 Million Investment to Restart Monessen Coke Facility

17 September 2012 - ArcelorMittal announced a US$50 million capital investment for improvements to modernize and upgrade the company’s coke operations in Monessen, Pa.

Siemens Installs Slag Stopper System on Converters at ArcelorMittal Belgium

17 September 2012 - ArcelorMittal Belgium NV has placed an order with Siemens VAI Metals Technologies for the supply of two Simetal Vaicon stoppers. The slag stopper systems will be installed on two 300-ton LD converters at ArcelorMittal’s Gent works.

Evraz Signs MoU with GHH-Valdunes International

17 September 2012 - EVRAZ plc and GHH-Valdunes International have signed a Memorandum of Understanding that outlines both parties’ intention to collaborate in the marketing and distribution of their steel wheel products.

ArcelorMittal Plant in Liege Threatened with Closure

17 September 2012 - ArcelorMittal, the world’s largest steelmaker, said on Monday, 17 September it had abandoned a plan to invest 138 million euro (US$181.4 million) in a steel plant in Belgium, threatening it with full closure, according to a Reuters report.

Outokumpu Ranks Again in the Dow Jones Sustainability World Index

17 September 2012 - Outokumpu’s strong sustainability performance has been recognized again by the Dow Jones Sustainability Indexes (DJSI) in their 2012 review.

Hilco and ELT Complete Purchase of RG Steel Mill at Sparrows Point

17 September 2012 - Joint venture partners Hilco SP LLC and Environmental Liability Transfer Inc. announced completion of their purchase of the former RG Steel Mill at Sparrows Point, located in Baltimore County, Md.

SDI Roanoke Bar Division Announces Price Decrease

14 September 2012 - Steel Dynamics Roanoke Bar Division announced it is decreasing the prices of all its products effective with shipments 14 September 2012.

Ilva Wants to Keep Investing in Taranto, Chairman Says

14 September 2012 - The troubled ILVA steelworks intends to continue investing in its operations in the Southern Italian city of Taranto, according to a statement released on 14 September, an Italian newspaper is reporting.

USW Welcomes Agreement Between Liberian Mining Union and ArcelorMittal

14 September 2012 - The United Steelworkers (USW) today extended its congratulations to the members of the United Workers Union of Liberia (UWUL) who after years of organizing have achieved the first collective bargaining agreement with a mining company since Liberia’s civil war forced the shutdown of the iron ore mines in the mid-1990s.

AK Steel Provides Third Quarter 2012 Guidance

14 September 2012 - AK Steel is projecting a pre-tax loss for the third quarter of 2012 despite shipments 3% higher than in the second quarter.

Gerdau Invests $253 Million in Its Mill in Peru

14 September 2012 - Gerdau announced an investment package of US$253 million in Siderperu, the company’s operation in Peru, with the aim of expanding its production capacity of steel and rolled products in the country.

ArcelorMittal Named Steel Leader in Top Sustainability Index

13 September 2012 - ArcelorMittal has ranked first in the steel sector of the Dow Jones Sustainability Index (DJSI).

Severstal Puts Trinidad and Tobago Plant Plan On Hold

13 September 2012 - Russian steelmaker Severstal has frozen plans to build a US$500 million iron ore processing plant in Trinidad and Tobago and is not planning major investments while markets remain sluggish, the head of its North American unit told Reuters.

JFE Launches Oxidation- and Corrosion-Resistant Coated Steel Sheet for Hot Press Forming

13 September 2012 - JFE Steel Corporation announced the launch of JAGTM (JFE Advanced Guard), an excellent oxidation- and corrosion-resistant coated steel sheet for hot press forming that reduces the weight of automotive structural parts.

PSI Receives Major Follow-Up Order from ThyssenKrupp Steel Europe

13 September 2012 - PSI was commissioned by ThyssenKrupp Steel Europe to provide a warehouse management and crane coordinate system for its Heavy Plate Unit in Duisburg-South.

Sumitomo Metals to Make Capital Investment at U.S. Subsidiary Standard Steel

13 September 2012 - Sumitomo Metal Industries has decided to make a 5 billion yen (US$64.5 million) capital investment in its subsidiary Standard Steel in the United States.

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