Steel News

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.

Timken Increasing Capacity Across its Steel Plants

19 April 2011 - The Timken Company announced it will increase its annual steelmaking capacity by 120,000 tons across its steel manufacturing facilities in Canton, Ohio.

February Steel Shipments Down 7.5% from January

19 April 2011 - U.S. steel mills shipped 6,967,481 net tons for the month of February 2011, a 7.5% decrease from the 7,528,655 net tons shipped in the previous month, according to the latest report from AISI.

worldsteel Presents Short Range Outlook

19 April 2011 - The World Steel Association is forecasting that apparent steel use will increase by 5.9% to 1,359 million tonnes in 2011, and by 6.0% in 2012 to reach a new record of 1,441 million tonnes.

NLMK Group’s VIZ-Stal to Launch HP Transformer Steel Production

19 April 2011 - NLMK Group is proceeding with plans to master the production of high-permeability transformer steel, including the launch of a 70,000 tonne/year HPS facility by its fully owned Urals-based VIZ-Stal subsidiary.

MMK Boosts Shipments to Russian Automakers

18 April 2011 - Magnitogorsk Iron and Steel Works nearly doubled its shipments to the domestic car making sector in 2010 compared to 2009.

Novolipetsk Wins All-Russian Environmental Competition

18 April 2011 - Novolipetsk has been honored as one of Russia’s Top 100 – Ecology and Environmental Management for its environmental activity in 2010.

Tenova Core to Supply Walking Beam Furnace for Gerdau Ameristeel

18 April 2011 - Gerdau Ameristeel has contracted Tenova Core to design and supply a 140 tonnes/hour walking beam reheat furnace at Gerdau’s Calvert City, Ky., facility.

Steel Dynamics, LaFarga Create Copper Wire Rod Venture

18 April 2011 - Steel Dynamics, Inc. and LaFarga Group are creating a new partnership that will utilize recycled copper scrap to produce higher-margin copper wire rod.

Posco’s ZPSS Produces First Coil on No. 2 Cold Mill

18 April 2011 - Zhangjiagang Pohang Stainless Steel Co. Ltd. has produced its first coil product on its new No. 2 cold rolling mill.

Siemens to Supply Shougang Jingtang with Automation, Electrical Equipment

15 April 2011 - Shougang Jingtang United Iron & Steel has contracted Siemens to supply drive, electrical, and automation equipment for a continuous annealing line and a double-stand cold reduction mill in cold rolling mill no. 3. Commissioning is scheduled for August 2013.

Shougang Jingtang Orders Third Continuous Annealing Line from SMS Siemag

15 April 2011 - Shougang Jingtang has ordered from SMS Siemag a continuous annealing line that will produce tinplate, which will then be electroplated and used as packaging material. The line is scheduled to go into operation in mid-2013.

ThyssenKrupp Starts Coated Production

15 April 2011 - ThyssenKrupp Steel USA recently started production of its first coated prime coil on hot dip galvanizing line (HDGL) number 1. The HDGL lines are the last of the carbon steel start-up’s mills to begin production.

Essar Steel Commissions Compact Strip Production Mill

15 April 2011 - Essar Steel has commissioned its Compact Strip Production mill with a capacity of 3.5 million tonnes per annum (MTPA), which is part of the company’s plans to expand its steel production capacity at its Hazira complex from 4.6 to 10 MTPA.

Steel Dynamics Names Millett President and COO

15 April 2011 - Steel Dynamics, Inc.’s board of directors has approved the appointment of Mark D. Millett to the new position of President and Chief Operating Officer, effective immediately. Richard P. Teets Jr. will continue as Executive Vice President and President and COO of Steelmaking.

Mesabi Trust Declares Distribution

14 April 2011 - The Trustees of Mesabi Trust have declared a distribution of five cents per Unit of Beneficial Interest payable on May 20, 2011 to Mesabi Trust unitholders of record at the close of business on April 30, 2011.

SMS Siemag to Modernize DanSteel Heavy-Plate Mill

14 April 2011 - DanSteel A/S has awarded an order to SMS Siemag, Germany, for the comprehensive modernization of its heavy-plate mill in Fredericksvaerk, Denmark.

Siemens VAI to Supply Stainless Rolling Mill for Viraj Profiles Ltd.

14 April 2011 - Siemens VAI Metals Technologies will construct a new rolling mill for stainless steel bar and light profiles in India for Viraj Profiles Ltd., the second largest producer of stainless steel long products in the world.

Cliffs Wins Approval for Consolidated Thompson Acquisition

14 April 2011 - The Minister of Industry has approved Cliffs Natural Resources’ proposed acquisition of Consolidated Thompson Iron Mines Limited, under the Investment Canada Act, on the basis that the transaction is likely to be a net benefit to Canada.