Steel News

Mechel Announces New Management Appointment

06 April 2011 - Mechel OAO announces the appointment of Mikhail Urvantsev to the newly created position of Vice-President for Commercial Activities.

Posco to Add FINEX Plant, Wire Rod Plant, Stainless Steel Plant

06 April 2011 - Posco announced plans to establish its fourth FINEX plant, third wire rod plant and a new stainless steel plant at its Pohang Works.

Sandvik Materials Technology Names New President

05 April 2011 - Sandvik Materials Technology announces the appointment of Jonas Gustavsson as the new President of the business area effective May 1, 2011.

Schnitzer Reports Strong 2nd Quarter Fiscal 2011 Financial Results

05 April 2011 - Schnitzer Steel Industries reported $1.10 diluted earnings per share from continuing operations for its fiscal 2011 second quarter ended February 28, 2010, a 77% increase from $0.62 diluted earnings per share for the year-ago second quarter.

Nippon Steel to Construct Hot-dip Galvanizing Plant in Thailand

05 April 2011 - Nippon Steel announced plans to establish a new company for the manufacture and sale of hot-dip galvanized and galvannealed steel sheets primarily for automotive use in Thailand.

AK Steel Announces May 2011 Surcharges

05 April 2011 - AK Steel says it will add a $390 per ton surcharge to invoices for electrical steel products shipped in May 2011.

Siemens Starts up Ultra-thick Slab Caster at Posco

05 April 2011 - Siemens VAI recently started up a two-strand ultra-thick slab caster capable of casting slabs in thicknesses up to 400 mm at Posco's Pohang Works in Korea.

Vallourec Closes Acquisition of 19.5% of Tianda Oil Pipe

04 April 2011 - Vallourec has completed the acquisition of 19.5% of the share capital of Tianda Oil Pipe Company, a Chinese manufacturer of OCTG.

RG Steel Plans for Restart of Former Severstal Facilities

04 April 2011 - RG Steel completes its stock purchase of three U.S. assets from Severstal US Holdings, LLC. Employees are being recalled to the Sparrows Point facility, with the blast furnace scheduled to become operational in May.

ArcelorMittal USA Receives Fourth ENERGY STAR Award

04 April 2011 - ArcelorMittal USA has earned the 2011 ENERGY STAR® Award for Sustained Excellence, marking the company's fourth consecutive year of receiving the award.

Macsteel Service Centers USA Adds New Facility in Florida

04 April 2011 - Macsteel Service Centers USA is expanding its business operations in the Southeast with the opening of a new 60,000-square-foot distribution center in Lakeland, Fla.

PBGC Responds to 2003-2004 National Steel Pension Concerns

04 April 2011 - The Pension Benefit Guaranty Corporation moved quickly to resolve problems described in a recent inspector general report on the takeover of National Steel’s pension plans in 2003.

Tata Steel, LCRI Invest in Generation of Energy from Buildings

01 April 2011 - Tata Steel has unveiled a new center that will develop and demonstrate the ultimate in low-carbon, low-energy sustainable construction technologies.

Nippon Steel Provides Update on Status of Operations

01 April 2011 - Nippon Steel provides an update on the status of operations as of March 31, 2011.

Worthington Reports Third Quarter Fiscal 2011 Results

01 April 2011 - Worthington Industries, Inc. reported net earnings of $26.3 million on net sales of $569.4 million for its fiscal 2011 third quarter ended February 28, 2011.

Severstal NA Completes Asset Sale, Accelerates Capital Improvements

01 April 2011 - Severstal North America has successfully completed the sale of its Warren, Wheeling, and Sparrows Point, assets to the Renco Group, and has also stepped up completion dates for some of its planned capital improvements at Dearborn and Columbus.

New High-Voltage Cables Facilitate Higher Current Transmission

01 April 2011 - ThyssenKrupp VDM (Werdohl) has introduced a new material designed to resist high-voltage cable’s natural tendency to heat up and sag when transporting higher currents.

Grupo Simec Announces Republic’s Acquisition of Bluff City Assets

31 March 2011 - Grupo Simec, S. A. B. de C. V. subsidiary Republic Engineered Products Inc. has acquired the assets of Bluff City, which include heat treat and cold drawing facilities.

Posco-CORE INDIA Launches New Production Line

31 March 2011 - Posco-CORE INDIA is targeting the Indian transformer market with its new production line for GO lamination sheets.

Siemens Starts up Handan Iron & Steel Bar Mill

31 March 2011 - Siemens recently started up a bar mill at Handan Iron & Steel Co. Engineering. Project implementation was completed in record time, with manufacturing and delivery in less than six months and the first bar rolled just six months later.