Steel News

SMDI Investors Celebrate Sustainability, Recyclability of Steel

25 April 2011 - In commemoration of the 41st anniversary of Earth Day, investing member companies of the Steel Market Development Institute remind consumers about the sustainability benefits and superior recycling attributes of steel.

IAM Members Ratify New Labor Agreement for AK’s Middletown Works

25 April 2011 - Members of the International Association of Machinists and Aerospace Workers (IAM), Local Lodge 1943, have ratified a new labor agreement covering about 1,700 hourly production and maintenance employees at AK Steel’s Middletown Works.

Nippon Steel to Enter Tinplate Joint Venture with Wuhan Steel

25 April 2011 - Nippon Steel Corp. and Wuhan Iron and Steel (Group) Corp. have agreed to establish a joint venture for the manufacture and sale of tinplate in China.

NLMK Acquires Full Control over Rolling Assets of Duferco JV

22 April 2011 - NLMK has signed definitive agreements to purchase a 50% interest in Steel Invest and Finance (SIF) from Duferco Group. The transaction will result in SIF becoming a 100% owned subsidiary of NLMK.

Timken Recycles 1.6 Million Tons of Scrap Metal in 2010

22 April 2011 - In 2010, The Timken Co. transformed 1.6 million tons of scrap metal into Timken® steel, which is made from nearly 100% recycled content, including 350,000 tons of recycled scrap metal from Timken operations.

Nalco Program Reduces Water, Energy Usage at Gallatin Steel

22 April 2011 - Nalco helped Gallatin Steel’s mini-mill in Ghent, Ky., reduce its raw water use by 179 million gallons per year and decrease pump operations, saving 2.3 million kW·h of energy annually.

SMS Meer to Deliver Two Contirod Casting and Rolling Lines to China

22 April 2011 - Jiangxi Copper and Shandong Xiangrui Copper have each placed an order with SMS Meer for the supply of a new Contirod® casting and rolling line.

Tenova to Revamp Two Push-Pull Pickling Lines for Ternium Mexico

22 April 2011 - Ternium Mexico recently awarded a contract to Tenova Strip Processing to modernize two existing push-pull pickling lines in order to improve strip quality, increase productivity and enhance operator safety.

Nucor Reports Stronger Results for First Quarter of 2011

22 April 2011 - Nucor reports consolidated net earnings of $159.8 million on consolidated net sales of $4.83 billion for the first quarter of 2011.

March 2011 World Crude Steel Production Climbs 11% over February Total

21 April 2011 - World crude steel production for the 64 countries reporting to the World Steel Association stood at an estimated 129 million tonnes for March 2011, 11.0% higher than the previous month (February 2011) and 7.0% higher in comparison with March 2010.

Quad Infotech Implements [QMOS] MES system at Gerdau Ameristeel Sayreville

21 April 2011 - Quad Infotech has completed the implementation of its [QMOS] MES system at Gerdau Ameristeel’s Sayreville facility for seamless coordination of its steelmaking and rolling operations throughout the entire operation.

Tata Steel, Rio Tinto Sign Agreement on HIsarna

21 April 2011 - Tata Steel and Rio Tinto have signed a licensing agreement further supporting technological and commercial development of the HIsarna™ direct iron smelting process.

Essar Steel Reports Highest Monthly Production of Crude Steel in March

21 April 2011 - Essar steel announced its highest-ever monthly crude steel production of 380,000 tonnes in March 2011, a growth of 24.04% over the same period a year ago.

SMS Siemag Commissions New Meltshop in Russia

21 April 2011 - SMS Siemag has successfully commissioned a new EAF meltshop for ChelPipe Group, a Russian producer of pipe products.

U.S., Canadian Metals Shipments Hold Steady in March

20 April 2011 - March shipments of steel and aluminum products from U.S. and Canadian metals service centers showed continued steady growth from the previous year, according to MSCI’s latest Metals Activity Report.

Outokumpu to Supply Stainless Steel for New Myllysilta Bridge in Turku

20 April 2011 - Outokumpu will supply duplex stainless steel for cladding on the new Myllysilta Bridge that is to be constructed in Turku, Finland.

worldsteel Announces new Director General

20 April 2011 - The worldsteel Board of Directors has formally approved the appointment of Edwin Basson as Director General of the World Steel Association, effective from August 2011.

Ruukki to Supply Steel Frame, Envelope Structures for Shopping Center in Finland

20 April 2011 - Rautaruukki will design, manufacture and install the steel frame and envelope structures for the Tervaskangas shopping center in Kouvola, Finland.

JFE Steel to Supply 13% Chrome Line Pipe for In Salah Gas Development

20 April 2011 - JFE Steel Corp. has been awarded orders to supply line pipe for four new gas fields at the In Salah Gas Southern Fields Development Project in Algeria.

Steel Dynamics Reports Significantly Stronger First Quarter 2011 Results

19 April 2011 - Steel Dynamics reported first quarter net income of $106 million on net sales of $2.0 billion.