Steel News

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.

New Millennium Iron Announces Start of Initial Mining of Saleable Iron Ore

12 September 2012 - New Millennium Iron Corp. (NML) announced that Tata Steel Minerals Canada Ltd, a joint venture between Tata Steel and NML, has started initial mining of saleable iron ore and is stockpiling the product at its Timmins plant site for crushing and screening.

Work Slows at Essar Steel Minnesota

12 September 2012 - Essar Steel officials have decided to temporarily slow construction of the company’s taconite pellet facility in Nashwauk, the Hibbing Daily Tribune reports.

Italian Judges Open Corruption Probe Into Steel Plant

12 September 2012 - Magistrates have opened a corruption investigation into Italy’s ILVA steel plant on suspicion bribes may have been paid for environmental reports playing down the scale of pollution at the site, according to a Reuters report.

Italy Ready to Appeal Ilva Steel Plant Ruling

12 September 2012 - The Italian government is ready to appeal to the constitutional court against a ruling to halt production at Europe’s biggest steel plant, an official said on Monday, as it seeks to head off thousands of potential job losses in southern Italy, Reuters reports.

Egyptian Steel and Danieli Sign Plant Supply Contract

12 September 2012 - Egyptian Steel and Danieli SpA signed an agreement worth US$34.5 million to supply production lines to National Port Said Steel Co. for a new plant, the Middle East News Agency reported.

Steel Dynamics Provides Third Quarter Earnings Guidance

12 September 2012 - Steel Dynamics, Inc. provided third quarter earnings guidance in the range of $0.01 to $0.05 per diluted share, largely reflecting charges related to the company’s recent refinancing as well as a combination of global economic and political uncertainty continuing to impact customer confidence.