Steel News

Shale-Inland Names Main Steel CEO, Forms Executive Team

16 March 2011 - Shale-Inland has named Keith Medick as Chief Executive Officer and formed the executive team for the recently purchased Main Steel Polishing Company.

Harsco Wins New Infrastructure Awards from Tata Group

16 March 2011 - Harsco receives new awards from Tata Group that further extend Harsco's ongoing industrial scaffolding support of facility maintenance at Tata Steel for an additional five years.

BHP Billiton Donates US$1 Million to Japanese Disaster Relief

16 March 2011 - BHP Billiton is making a donation of US$1 million to the Red Cross to assist with disaster relief in the wake of the earthquake and tsunami in Japan.

Kashima Steelworks Makes First Shipment after Earthquake

16 March 2011 - Sumitomo Metals announced that its Kashima Steelworks shipped light-weight H beams, pipe piles and steel sheets this week, the facility’s first shipment since the March 11 earthquake.

Gerdau, Rio Government Announce Investment of R$ 2.47 billion

16 March 2011 - The state government of Rio de Janeiro and Gerdau have announced investments of R$ 2.47 billion to increase the production of steel and rolled products at Gerdau’s Cosigua mill.

Additional Details on Effects from Earthquake, Tsunami, Power Outages

15 March 2011 - Goldman Sachs summarizes information from company statements and news reports regarding damages to steel production facilities in Japan following the March earthquake and tsunami. The company is estimating approximately 23% of capacity has received some level of damages or production curtailment.

Nippon Steel Reports on Impact of Tohoku Pacific Earthquake

15 March 2011 - Nippon Steel reported on the earthquake’s effects on company facilities, and the countermeasures the company has taken as of March 13, 2011.

Kobe Steel Reports on Impact of the Tohoku Pacific Earthquake

15 March 2011 - Kobe Steel reports no injuries or casualties among company employees in the March 11 earthquake. Production has restarted at Fujisawa, while damages are still being assessed at Moka.

U. S. Steel, Lambda Technologies Enter Technology Agreement

15 March 2011 - U. S. Steel Tubular Products enters into an agreement with Surface Enhancement Technologies that will make the company the exclusive tubular products manufacturer to utilize Low Plasticity Burnishing.

Praxair Expands Tennessee Air Separation Plant

15 March 2011 - Praxair announced plans to double the capacity of its Memphis, Tenn., air separation complex to produce oxygen and nitrogen that will supply Nucor and Valero Energy.

New Carpenter Alloy Combines High Strength and Toughness

15 March 2011 - Carpenter Technology introduces Temper Tough™ alloy, a new ultra high-strength steel alloy that is a lower cost alternative to many cobalt-containing precipitation hardenable alloys.

Metals USA Acquires The Richardson Trident Company

14 March 2011 - Metals USA Holdings has closed its acquisition of The Richardson Trident Company, including its eight processing centers located in Texas, Oklahoma, Georgia, California, and Massachusetts.

Metinvest Certified to Ship Rebars to Belarus

14 March 2011 - Metinvest has completed certification of reinforcing bars for the market of the Republic of Belarus based on the standards for this region.

Sumitomo Extinguishes Fire, Plans for Restart at Kashima Following Earthquake

14 March 2011 - Sumitomo Metals reports that it did not have any injuries or casualties related to the 8.9-magnitude earthquake on March 11. A fire in the Kashima Works’ coke gas holder has been extinguished.

AK Steel Coke Plants Recognized for Outstanding Safety Performance

14 March 2011 - AK Steel's Ashland and Middletown coke plants have received the Max Eward Safety Award from the American Coke and Coal Chemicals Institute. Both coke plants operated the entire year of 2010 without any OSHA recordable injuries.

Qatar Steel Plans to Expand Steelmaking Facility

11 March 2011 - Qatar Steel has initiated a new project to increase the company’s overall production, including the addition of a new 110-tonne EAF, 110-tonne ladle furnace, and 6-strand high speed billet caster.

Tenova TAKRAF to Expand SUEK Coal Export Terminal

11 March 2011 - Tenova TAKRAF and Siberian Coal Energy Company have signed a contract for the expansion and upgrading of the SUEK owned coal export terminal Vanino in Russia.

MMK-Atakas Commissions EAF Facility

11 March 2011 - MMK-Atakas, a joint venture of OJSC Magnitogorsk Iron & Steel Works (MMK) and Atakas Group, commissioned an electric arc furnace facility at its industrial complex in Iskenderun, Turkey.

Essar Africa Holdings to Acquire Interest in ZISCO Assets

11 March 2011 - The Government of Zimbabwe and Essar Africa Holdings have reached an agreement for the revival of the operational assets of Zimbabwe Iron and Steel, with Essar Africa Holdings acquiring a significant interest in ZISCO’s steel operations  as well as its mining operations.

Steel Dynamics Provides First Quarter Earnings Guidance

11 March 2011 - Steel Dynamics says it is expecting to report first quarter earnings per diluted share in the range of $0.37 to $0.42, significantly higher than fourth quarter 2010 earnings per diluted share of $0.04.