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Severstal Announces Closing of the Transaction with Afferro Mining

25 December 2012 - OAO Severstal announced that the transaction between its indirect subsidiary Lybica Holding B.V. and Mano River Iron Ore Holdings Limited, a wholly owned subsidiary of Afferro Mining Inc., on purchasing a 38.5% minority interest in Severstal Liberia Iron Ore has been closed.

SP Bars from Ovako Deliver Increased Added Value for Component Producers

25 December 2012 - Utilizing advanced hot rolling technology across its steel grades Ovako can supply Special Properties (SP) bars that deliver increased added value and significant cost savings when used in subsequent manufacturing operations.

Deutsche Edelstahlwerke Operates First MEERgauge® from SMS Meer

24 December 2012 - Deutsche Edelstahlwerke (DEW) is operating the world’s first 3-roll block with hydraulic roll adjustment under load from SMS Meer.

European Steel Industry Cannot Work Under Future European Emissions Targets, Report Finds

24 December 2012 - Emission targets set by EU climate policies are unachievable for the European steel industry. This is the conclusion of study recently published by the European Commission’s Joint Research Centre (JRC).

SSINA Releases Stainless and Specialty U.S. Market Data for September 2012

24 December 2012 - The Specialty Steel Industry of North America (SSINA) has released statistical data on imports, U.S. consumption, and import penetration for YTD September 2012.

Carpenter Powder Products Raises Prices

24 December 2012 - Carpenter Powder Products announced that it will increase base prices by 7% on all bar, plate, and finished Micro-Melt® (PM) tool steel products.

ALJ Regional Stockholders Approve Sale of KES Acquisition to Optima Specialty

21 December 2012 - ALJ Regional Holdings Inc. announced today that its stockholders approved the sale of KES Acquisition Company, ALJ's majority-owned subsidiary and parent company of Kentucky Electric Steel, to Optima Specialty Steel, Inc. for $112.5 million in cash.

Steel Joint Institute Announces 2012 Design Award Winners

21 December 2012 - The Steel Joist Institute is pleased to announce the winners of its 2012 Design Awards. The awards are presented in three categories – industrial, non-industrial and unique. The three winning companies received a $2,000 scholarship in their name to a school of their choice for an engineering student.

Evraz Vitkovice Steel Plant Restart Slated for After the New Year

21 December 2012 - The re-start of the temporarily closed steel plant of EVRAZ VÍTKOVICE STEEL, a.s. has been set for 3 January 2013, provided that particular circumstances such as adverse weather conditions do not prevent it, the company announced.

World Crude Steel Production Rises 5% Year-on-Year

21 December 2012 - World crude steel production for the 62 countries reporting to the World Steel Association (worldsteel) was 122 million tonnes in November 2012, an increase of 5.1% compared to November 2011.

Klockner & Co. Sells Eastern European Operations as Part of Its Restructuring Program

21 December 2012 - As announced, Klöckner & Co is selling its entire Eastern European operations as part of its restructuring program. Activities in the Czech Republic, Bulgaria and Romania were sold in phase one. The sale of the remaining activities in Poland and Lithuania is expected to be completed in the first quarter of 2013.

ArcelorMittal to Record Non-Cash Impairment Charge in Q4 2012

21 December 2012 - ArcelorMittal announced it expects to write down the goodwill in its European businesses by approximately US$4.3bn.

Konecranes Announces Changes in Operational Model and Group Executive Board

21 December 2012 - Konecranes is simplifying its structure as of 1 January 2013 to further improve results accountability, clarity, speed, and cost efficiency. This will also change the composition of the group executive board.

NLMK DanSteel A/S Completes Rolling Mill Revamp

21 December 2012 - NLMK DanSteel A/S, a Danish rolling mill of NLMK Europe Plates, has started production at a new 4.2 m heavy plate stand, adding new products to the company’s portfolio.

B&W is now SAMSON Materials Handling Ltd.

20 December 2012 - B&W Mechanical Handling Ltd. will evolve into SAMSON Materials Handling Ltd. as of 1 January 2013.

Tenaris Announces Building of New Threading Facility in Ecuador

20 December 2012 - Tenaris announced the construction of a new threading facility for OCTG products in the town of Machachi in Ecuador. In its first phase, the investment will have a value of approximately US$15 million.

voestalpine Group Outlines Group Strategy Through 2020

20 December 2012 - The exchange-listed voestalpine Group has set ambitious goals up to the year 2020: With a clear focus on the customer segments Mobility and Energy and on non-European growth markets, and with profitability remaining at virtually at the same level compared to the last few years, sales are projected to soar from the most recent € 12.1 billion to approximately € 20 billion.

SMS Meer Supplies Six High-Speed Machines to Huitong Jincheng

20 December 2012 - The Chinese company Huitong Jincheng Precision Metal Manufacturing near Shanghai has ordered six drawing machines from SMS Meer – two with integrated chamfering machines. With these machines, Huitong Jincheng aims to meet the high demand for bright steel products in China.

EMPCO Commissions Two Newly Developed EAF Probes at Hyundai Steel

19 December 2012 - KOREA EMPCO (CANADA) LTD has successfully commissioned two fully mechanized, remotely controlled probe apparatus, named wSCORPIO™, at Hyundai Steel in Korea.

Italy Lower House Approves Plan to Save Ilva Plant

19 December 2012 - Italy's lower house of parliament on Wednesday approved legislation to keep the troubled ILVA steel plant going during a two-year clean-up to resolve environmental concerns.

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