Steel News

Severstal Announces Expanded Investment Program for 2011

22 February 2011 - OAO Severstal announced a target US $2 billion capital investment program for the current financial year, representing an approximately 48% increase over the level for 2010.

World Crude Steel Production Continues Rise in January 2011

22 February 2011 - World crude steel production for the 66 countries reporting to the World Steel Association stood at an estimated 119 million tonnes for January 2011 — 2.8% higher than the previous month (December 2010) and 5.3% higher in comparison with January 2010.

Siemens to Provide Rod Outlets to Lianfeng Steel for Single Strand Wire Rod Mills

22 February 2011 - Lianfeng Steel Co., Ltd. has contracted Siemens to supply rod outlets for two new single-strand rod mills.

AK Steel Announces Stainless Steel Price Increase

21 February 2011 - AK Steel announced plans to increase base prices for all 200, 300 and 400 series flat rolled stainless steel products, effective with shipments on February 27, 2011.

Vale in Commissioning Phase for Industrial Complex in Oman

21 February 2011 - Vale is currently in the commissioning phase of its first pelletizing plant within its Industrial Complex in Oman that also includes a distribution center and a deep-water bulk jetty.

Posco and LanzaTech to Collaborate on Renewable Energy

21 February 2011 - Posco has signed a memorandum of understanding with LanzaTech for implementation of gas fermentation technology to convert the steelmaker’s flue gases to ethanol and other value-added products.

John Deere Honors Nucor Cold Finish-Nebraska with Partner-Level Status

21 February 2011 - Nucor Cold Finish – Nebraska earns recognition as a Partner-level supplier for 2010 and was also named Enterprise Supply Management Supplier of the Year in the John Deere Achieving Excellence Program.

NLMK to Build Pelletizing Plant at Stoilensky

21 February 2011 - NLMK has approved the construction of a pelletizing plant with a capacity of 6 million tonnes of iron ore pellets per year at Stoilensky. The plant will be able to fully cover the company’s pellet requirements as early as 2015.

Ruukki to Implement Management Appointments Effective March 1

21 February 2011 - Rautaruukki Corporation announced a number of management appointments that will take effect March 1, 2011.

NLMK and Metalloinvest Sign Long-Term Supply Contracts

18 February 2011 - NLMK and Metalloinvest Holding have signed four-year contracts to supply a total of 21.6 million tonnes of pellets.

Posco-Mexico Achieves Qualification for Auto Outer Steel

18 February 2011 - Posco-Mexico has acquired qualification for outer steel plate of automobiles for the first time since it launched production of auto steel plates in August 2009.

Reliance Steel & Aluminum Reports 4th Quarter, Year End Results

18 February 2011 - Reliance Steel & Aluminum reported net income of $39.5 million on sales of $1.58 billion for the fourth quarter and net income of $194.4 million on sales of $6.31 billion for the year ended December 31, 2010.

Siemens to Modernize SSAB EMEA Continuous Annealing Line

18 February 2011 - SSAB EMEA has commissioned Siemens to equip the continuous annealing line at the Borlänge production facility with new automation and drive systems.

U.S., Canadian Metals Shipments Surged in January

18 February 2011 - Shipments of steel and aluminum from metals service centers in the United States and Canada surged in January, according to MSCI’s latest Metals Activity Report.

Outokumpu Appoints New CEO

18 February 2011 - Outokumpu's Board of Directors has appointed Mika Seitovirta as the new Chief Executive Officer.

Evraz Announces New Management Appointments

17 February 2011 - Evraz has made two new management appointments, both the result of an internal restructuring process that created two new positions: Vice President, Sales and Vice President, Procurement.

Steel Technologies to Acquire NuPro Steel

17 February 2011 - Steel Technologies LLC has signed a Memorandum of Understanding to acquire the business and certain assets of Crawfordsville, Ind.-based NuPro Steel, LLC.

December Steel Shipments up 8.6% from November

17 February 2011 - U.S. steel mills shipped 7,111,031 net tons for the month of December 2010, an 8.6% increase from the 6,549,025 net tons shipped in the previous month and a 17.8% increase from the 6,034,538 net tons shipped in December 2009, according to the latest report from AISI.

Chinese Boron-Added Plate Held Subject to Antidumping Order

17 February 2011 - The Department of Commerce has issued an affirmative preliminary circumvention ruling determining that Chinese imports of cut-to-length carbon steel plate that include insignificant amounts of boron are subject to the antidumping duty order on CTL plate.

Nucor Awards Tenova HYL Contract for World’s Largest DR Plant

17 February 2011 - Nucor has signed a contract with Tenova HYL for the world’s largest single DR module ever to be constructed. The 2.5 million ton per year, Louisiana-based Energiron ZR plant will supply DR to Nucor’s other steelmaking facilities.