Steel News

Gerdau Celebrates 110 Years, Announces New Branding

24 May 2011 - Gerdau recently celebrated 110 years of existence, and is introducing a new brand and visual identity. The long steel and special steel operations of Gerdau in North America, Gerdau Ameristeel and Gerdau Macsteel, will now be known as Gerdau, but with new descriptors.

Tata Steel Proposes Turnaround Strategy for European Long Products Business

23 May 2011 - Tata Steel plans to invest £400 million over a five-year period to support its restructuring strategy for the Long Products business, which includes a proposal to close or mothball parts of the Scunthorpe plant and puts at risk 1200 jobs at Scunthorpe and 300 jobs at its Teesside sites.

AIC to Revamp Pallanzeno Beam Mill for Duferdofin-Nucor

23 May 2011 - Duferdofin-Nucor group has contracted AIC to complete the electrical revamping of the finishing rolling mill of its beam mill in Pallanzeno, Italy).

World Crude Steel Production Dips Slightly in April 2011

23 May 2011 - World crude steel production for the 64 countries reporting to the World Steel Association stood at an estimated 127 million tonnes for April 2011, 1.9% lower than the previous month (March 2011) and 5.0% higher in comparison with April 2010.

MMK-Atakas Produces First 3000 Tonnes of Hot-Rolled Plate

23 May 2011 - Iskenderun-based MMK-Atakas hot-rolling unit (compact strip mill linked to the electric arc furnace facility) has produced its first 3000 tonnes of hot-rolled plate. MMK also announced that the color coating line was put into operation at MMK-Atakas’ production site in Istanbul.

ArcelorMittal to Expand Production of Iron Ore Concentrate at AAMC

23 May 2011 - ArcelorMittal will expand its Mont-Wright mining complex and undertake additional construction at Port-Cartier in order to expand annual production of iron ore concentrate at ArcelorMittal Mines Canada to 24 million tons by 2013.

SAIL Hosts Meeting of Indian Contenders for Hajigak Deposits

20 May 2011 - Representatives of the 15 Indian steel and mining companies who recently visited Afghanistan to inspect iron ore deposits at Hajigak have met at the corporate headquarters of Steel Authority of India Ltd. to discuss major concerns and identify the issues to be discussed with the Afghan and Indian governments.

JFE Steel Resumes Operating Fukuyama Blast Furnace No.3

20 May 2011 - JFE Steel announced that the company completed revamping the No.3 blast furnace at its West Japan Works (Fukuyama) and blew-in the facility for its fourth campaign on May 14.

USITC Makes Determinations on Hot-Rolled Steel from Brazil, Japan and Russia

20 May 2011 - With regard to Russia, the U.S. International Trade Commission has determined that terminating the existing suspended antidumping duty investigation on imports of hot-rolled steel would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time.

Evraz NTMK to Produce Extra-Hard Railway Wheels

20 May 2011 - Evraz NTMK claims to have become the first Russian company to master the production technology of extra-hard railway wheels. Certification of these goods on overseas markets is the next step.

CGI to Provide IT Support to Evraz for North American Operations

20 May 2011 - Evraz Inc. NA has selected CGI Group Inc. to provide IT services support to its North American operations through 2016.

Outokumpu Begins to Implement Efficiency Improvements

19 May 2011 - Outokumpu has begun statutory negotiations after recently announcing plans to improve profitability, gain more efficiency, and remove overlapping activities in sales, supply chain and supporting functions in Europe.

Severstal Columbus Receives Best Practices Award

19 May 2011 - East Mississippi Community College has presented Severstal Columbus with a second Best Practices Award. The award recognizes organizations that provide outstanding examples of workforce training, quality management and business practices.

Russula Receives Contract for Allegheny Ludlum Project

19 May 2011 - Fives Stein Inc has awarded a contract to Russula Corp. for the supply of the automation for two 250 tons per hour walking beam slab reheat furnaces.

Olympic Steel to Acquire Chicago Tube and Iron

19 May 2011 - Olympic Steel, Inc. has entered into a merger agreement to acquire the outstanding common shares of Chicago Tube and Iron Company, making the company a wholly-owned subsidiary of Olympic.

U.S., Canadian Steel Shipment Growth Rate Slows in April

19 May 2011 - The rate of growth of steel shipments from metals service centers in the United States and Canada slowed during April, according to the latest Metals Activity Report from MSCI. Steel shipments from U.S. and Canadian service centers rose 11.3% and 4.5% during the month, respectively.

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.