Steel News

ThyssenKrupp Supervisory Board Approves Plans for Strategic Development

18 May 2011 - The Supervisory Board of ThyssenKrupp AG has approved in full the plans of the Executive Board for the further strategic development of the Group. The company recently announced an extensive package of measures that focuses its portfolio.

Stainless Imports through February More than 50% Higher than YTD 2010

18 May 2011 - Total stainless imports reached 126,885 tons in YTD February 2011, a 51.4% increase compared to YTD February 2010 according to the latest report from SSINA. Total specialty imports (comprising stainless steel, alloy tool steel and electrical steel) over the same period were 166,205 tons, a 56.1% increase.

Broner to Provide Supply Chain Planning & Scheduling System for Gerdau AEB

18 May 2011 - Gerdau Group has selected Broner Metals Solutions to provide an enterprise-wide, multi-plant, supply chain planning & scheduling capability for the four steel plants of Gerdau Aços Especiais Brasil.

March Steel Shipments up 14.9% from February

18 May 2011 - U.S. steel mills shipped 8,006,015 net tons for the month of March 2011, a 14.9% increase from the 6,967,481 net tons shipped in the previous month, according to the latest report from AISI.

Jiangsu Xigang Commissions PQF® Mill from SMS Meer

18 May 2011 - Jiangsu Valin-Xigang Special Steel Co. Ltd., China, has commissioned its new PQF® (Premium Quality Finishing) seamless tube mill supplied by SMS Meer.

ALJ Announces 2nd Quarter Earnings

17 May 2011 - ALJ, the parent company of Kentucky Electric Steel, reported net income of $2,289,928 on net sales of $40.29 million for the second quarter, and net income of $2,952,438 on net sales of $72.97 million for the six months ended March 31, 2011.

OSHA Cites Republic for Repeat Exposures to Fall and Energy Control Hazards

17 May 2011 - OSHA has cited Republic Engineered Products Inc. in Lorain for seven willful and three repeat safety violations for failing to protect workers from fall hazards and implement adequate energy source lockout/tagout procedures to prevent injury from hazardous equipment.

Siemens to Couple Pickling Line to Tandem Mill at ArcelorMittal Bremen

17 May 2011 - Siemens VAI Metals Technologies received an order from ArcelorMittal Bremen GmbH to supply the mechanical equipment required to couple the pickling line to the tandem mill at its Bremen, Germany, plant. The project is scheduled for completion in November 2012.

USITC to Continue Cases on Galvanized Steel Wire from China, Mexico

17 May 2011 - The United States International Trade Commission has determined that there is a reasonable indication that a U.S. industry is materially injured by reason of imports of galvanized steel wire from China that are allegedly subsidized, and from China and Mexico that are allegedly sold in the U.S. at less than fair value.

Posco Expands Business to Three South American Countries

17 May 2011 - Posco Chairman Joon-yang Chung recently signed agreements for resource development and infrastructure construction projects in Chile, Honduras, and Ecuador, expanding business opportunities in these regions.

German Federal Cartel Office Conducts Investigation at voestalpine Klöckner Bahntechnik

16 May 2011 - he German Federal Cartel Office recently conducted an inspection at the office of voestalpine Klöckner Bahntechnik GmbH in Duisburg to look into possible anti-competitive practices in the German market for rails.

Essar Steel Reports 60% Increase in Crude Steel Production in April 2011

16 May 2011 - Essar Steel recorded over 60% growth in crude steel output during April 2011 compared to same month a year ago—397,000 tonnes vs. last year's 247,000 tonnes.

ThyssenKrupp Reports Growth in First Half despite Startup Losses in U.S., Brazil

16 May 2011 - ThyssenKrupp continued its upward trend in the 1st half 2010/2011 ending March 31, 2011, reporting a 22% year-on-year increase in order intake to €24.1 billion and a 21% year-on-year increase in sales to €23.6 billion.

Siemens to Supply Static Var Compensator to Tikhvin Freight Car Building Plant

16 May 2011 - The Russian CJSC Tikhvin Freight Car Building Plant, TVSZ, has awarded Siemens Metals Technologies an order to equip the electric steel production line in its steel works with an SVC Plus static var compensator and a 10-kV Switchgear.

SKF Named "Supplier of the Year" by General Motors

13 May 2011 - SKF Sealing Solutions Korea Co. Ltd. has received the GM Supplier of the Year award for "dedication and commitment to consistently perform above expectations." SKF supplies bonded piston seals to GM Korea and China for the GF6 transmission.

Worthington Steel Announces Pickling Line for Mexico Operations

13 May 2011 - Worthington Industries announces that its Worthington Steel joint venture with Serviacero will expand to include a pickling line in its Monterrey, Mexico facility.

Yichang Three Gorges Orders Anneal Lines from SMS Siemag

13 May 2011 - Hubei JiangZhong Machine Manufacturing has placed an order with SMS Siemag to supply all plant components for two annealing lines being provided to Yichang Three Gorges Quantong.

JSW Orders Corex Gas-based Midrex DR Plant from Siemens VAI

13 May 2011 - JSW has placed a contract with a cooperation under the leadership of Siemens VAI Metals Technologies GmbH to engineer and supply a Corex gas-based Midrex® direct-reduction dual-discharge plant.

Posco Maharashtra CGL Begins Training Program

13 May 2011 - Posco Maharashtra CGL (Continuous Galvanizing Line) employees visited Gwangyang Steel Mill to attend a training course designed to enhance work skills and to promote Posco’s growth potential. The eight-week course started on May 2 and ends June 23.

Severstal Acquires Stake in Brazilian Iron Ore Exploration Company

12 May 2011 - OAO Severstal has acquired a 25% stake in SPG Mineração, a Brazilian company that owns highly prospective iron ore exploration licenses in the northern state of Amapa, Brazil.