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Shougang's Malaysia JV Mill Produces First Slab

12 February 2015 - Eastern Steel, a joint venture between northern China flats major Shougang Group and Malaysia’s Hiap Teck Venture Berhad (HTVB), has produced its first slab, according to reports in local Chinese media.

MMK Reports Record Production at its Mill 2000

12 February 2015 - OJSC Magnitogorsk Iron and Steel Works’ (MMK) Mill 2000 has reached a record 5 million metric tons of total production of cold and galvanized rolled products.

General Steel Forms Joint Venture to Develop Internet-of-Things Solutions

11 February 2015 - General Steel Holdings, Inc., a leading non-state-owned steel producer in China, announced that the Company has reached a definitive agreement ("the Agreement") to form a joint venture with a team of radio-frequency identification ("RFID") experts (the "Expert Team"), to develop and commercialize RFID technology data solutions.

SSAB Receives EC Approval to Divest 50% of the Shares in Norsk Stål AS

11 February 2015 - SSAB has received approval from the European Commission to sell 50% of the shares in Norsk Stål AS (Norway) to Leif Hübert AS. This transaction is part of the divestment remedies that the European Commission deemed necessary for the combination of Rautaruukki with SSAB. The transaction is still subject to the approval of national competition authorities. This transaction has only a limited impact on SSAB’s financial results. SSAB has earlier divested Plannja Oy in Finland to Metehe Oy.

voestalpine Reports Significant Increase in Earnings After First Nine Months of the Business Year

11 February 2015 - Although the development of the global economy was very inconsistent in 2014 and, after a relatively optimistic start, was marked by an increasingly sober mood from the summer months onward, the steel-based technology and capital goods group voestalpine reported a significant increase in earnings in the first three quarters of the business year 2014/15 (April 1 to December 31, 2014).

TMK and RUSNANO Expand High-Tech Pipe Production

11 February 2015 - Russian tubular products producer TMK and state-owned RUSNANO Corp. are running a joint project at TMK’s Seversky pipe plant to expand the production of high-tech pipe with improved performance for the oil and gas industry.

Metalloinvest Enters Final Stage of Environmental Project at OEMK

11 February 2015 - Metalloinvest has begun the modernization of the second gas purification unit at its electric arc furnace shop at OEMK (part of Metalloinvest) in Russia.

Ovako Signs Agreement With SSAB to Acquire Tibnor Oy

10 February 2015 - Ovako has signed an agreement with SSAB to acquire steel and metals distributor Tibnor Oy in Finland. The deal has been approved by the European Commission and will now be examined by competition authorities in Finland and Estonia for final approval. The acquisition is expected to have a slightly positive impact on Ovako's operating profit and a slightly negative impact on cash flows for 2015.

Primetals Technologies Revamps Two Wire Rod Mills for China’s Zenith Steel

10 February 2015 - The upgrade increases rolling speed to 105 m/s. Expanded product line allows entry into fine grain rebar markets. Integrated solution includes electrical/automation revamp.

MMK to Maintain Production Volumes, Focus on Maximum Efficiency

10 February 2015 - OJSC Magnitogorsk Iron and Steel Works (MMK) plans to maintain production volumes over the next 10 years at approximately 12 million tonnes of metal annually at its key facility in Magnitogorsk, Russia.

Demag StatusControl Provides Crane Analysis in Real Time

10 February 2015 - Terex Material Handling has launched a new diagnostics system for crane installations with Demag StatusControl, providing a full overview of the status of your crane installations at all times.

Ternium to Fully Acquire Colombian Subsidiary Ferrasa

10 February 2015 - Ternium S.A. has entered into a definitive agreement to acquire the remaining 46% minority interest in its Colombian subsidiary Ferrasa for a total consideration of US$74 million.

Synalloy Reports Substantial Gains in Profits From Continuing Operations for Both the Fourth Quarter and Year of 2014

09 February 2015 - Synalloy Corp. (Nasdaq:SYNL), a growth oriented company that engages in a number of diverse business activities including the production of stainless steel pipe, fiberglass and steel storage tanks, and specialty chemicals along with the distribution of seamless carbon pipe, announces that the fourth quarter of 2014 produced net sales from continuing operations of $48,569,000, an increase of $2,167,000 or 5% when compared to net sales from continuing operations for the fourth quarter of 2013 of $46,402,000.

IMS Revamping Former RG Slab Caster for U. S. Steel

09 February 2015 - Integrated Mill Systems (IMS) was awarded a contract by U. S. Steel to revamp the electrics and automation for a slab caster that is being relocated from the former RG Steel Sparrows Point mill in Maryland to the U.S. Steel Granite City Works in Granite City, Ill.

TMW Modifies Expansion Plans to Adapt to New Opportunities

09 February 2015 - The Material Works, Ltd. (TMW) announced today that the unprecedented acceptance and growth of Eco Pickled Surface (EPS) technology has forced reconsideration of its plans to open a flat rolled toll processing center adjacent to the Big River Steel mill being currently under construction. TMW will instead expand the capacity of its present Red Bud, Illinois facility to include a new EPS processing and technology center and associated equipment to process the new generation of higher strength steels.

Grupo Simec Comments on U.S. Imposition of Rebar Import Duties

09 February 2015 - Grupo Simec S.A.B. de CV is providing comments on the effects of what it called a “surprising” decision by the U.S. Department of Commerce to impose an antidumping duty of 66.7% on rebar shipments from the company.

TimkenSteel Board of Directors Elects Two Additional Independent Directors

09 February 2015 - The board of directors of TimkenSteel elected two new independent directors: Randall Edwards, president and chief operating officer of Premier Pipe LLC, and Ronald Rice, president and chief operating officer of RPM International Inc. Nine directors now serve on the TimkenSteel board.

USW Members Ratify Labor Agreement for AK Steel's Mountain State Carbon Plant

06 February 2015 - AK Steel (NYSE: AKS) said today that members of the United Steelworkers (USW) international union have ratified a new 4-year labor agreement covering about 215 hourly production and maintenance employees at the company's Mountain State Carbon cokemaking plant in Follansbee, West Virginia.

Columbia Machine Works Resolves Dispute with Contractors & Industrial Supply Company

06 February 2015 - Columbia Machine Works Inc. (CMW) and Contractors & Industrial Supply Company Inc. (CIS) have agreed to resolve a lawsuit in the U.S. District Court for the Middle District of Tennessee styled Contractors & Industrial Supply Company Inc. v. Columbia Machine Works Inc., Case No. 1:14-cv-00060.

ArcelorMittal Liberia Donates Second Batch of Medicines

06 February 2015 - ArcelorMittal Liberia recently donated medical supplies to the Grand Bassa County Government Hospital.

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