Steel News

Allegheny Technologies Announces First Quarter 2011 Results

28 April 2011 - Allegheny Technologies Inc. reported net income of $56.3 million on sales of $1.23 billion for the first quarter of 2011.

Tata Steel Invests in High-Grade Steels in Scotland

28 April 2011 - Tata Steel is investing £8 million at its Clydebridge plant in Cambuslang, Glasgow, to increase its capability to produce high-strength steel plate by expanding the plant’s two furnaces, and installing two new gas-cutting machines and a new stamping and marking machine.

Tata Steel Breaks Ground for CAPL Plant

28 April 2011 - Tata Steel held a groundbreaking ceremony for the 600,000-tonne-per-annum Continuous Annealing and Processing Line (CAPL) Project at the Tata Steel Works, which will produce automotive cold-rolled steels.

Preliminary Steel Imports Rebound 33% in March

28 April 2011 - The U.S. imported a total of 2,446,000 net tons of steel in March, up 33% from February final data according to the latest report from AISI. Finished steel imports increased 29% over the same period.

Magnesita Awarded Refractory Contract for Gerdau Ameristeel’s Sayreville Facility

28 April 2011 - Gerdau Ameristeel has awarded Magnesita Refratários S.A. a contract to manage all refractory needs for Gerdau’s Sayreville, N.J., steel mill.

NLMK Group’s VIZ-Stal Contracts LOI for Grain-Oriented Line Equipment

27 April 2011 - NLMK subsidiary VIZ-Stal has signed a contract with LOI, Germany, to supply and supervise the assembly of equipment for the revamping of its electric insulation coating Line.

Tata Steel Invests in Cooling at Port Talbot Steelworks

27 April 2011 - Tata Steel has invested £53 million at its Port Talbot works to introduce in the Basic Oxygen Steelmaking plant a new cooling system that will produce steam, allowing electricity to be generated. The investment reportedly will reduce its external power requirements by about 15%.

United States Steel Reports 2011 First Quarter Results

27 April 2011 - United States Steel reported a net loss of $86 million on net sales of $4.86 billion for the first quarter of 2011.

ChTPZ, MMK Jointly Create Railcar Fleet

27 April 2011 - OJSC Chelpipe (ChTPZ) and OJSC Magnitogorsk Iron and Steel Works (MMK) are creating a joint rolling stock to ensure timely deliveries of steel plate from MMK’s Mill 5000 to ChTPZ’s Vysota 239 production unit.

AK Steel Reports Financial Results for First Quarter of 2011

27 April 2011 - AK Steel reported net income of $8.7 million on net sales of $1.58 billion for the first quarter of 2011.

Severstal Subsidiary Obtains License to Explore, Mine Anomalny Deposit

26 April 2011 - The Olenegorsk Mining and Concentration Works (OAO Olсon), part of the mining division of OAO Severstal, has obtained the right to use subsoil for the exploration and mining of iron ores in the Anomalny deposit in the Murmansk Region.

Posco Publishes 2010 Carbon Report

26 April 2011 - Posco has published its Carbon Report 2010, which details the company’s project visions and strategies such as the Green Steel, Green Business, Green Life, and Green Partnership.

Commerce Investigates Galvanized Steel Wire from China, Mexico

26 April 2011 - The Department of Commerce recently initiated antidumping duty investigations of galvanized steel wire imports from China and Mexico and a countervailing duty investigation of galvanized steel wire from China.

AK Steel Plants Recognized for Outstanding Safety Performance

26 April 2011 - AK Steel's manufacturing plants in Coshocton and Zanesville, Ohio, have been recognized by the Ohio Bureau of Workers' Compensation, Division of Safety and Hygiene for outstanding safety performance.

NLMK Adds New Deposit to its Upstream Development Pipeline

26 April 2011 - NLMK wins the right to explore and develop the Zhernovki Gluboki plot of the Zhernovskoye coal deposit. The deposit is located in the Kemerovo region, Siberia, just below the Zhernovskoe-1 deposit already owned by NLMK.

Schnitzer Acquires American Metal Group of San Jose

25 April 2011 - Schnitzer Steel Industries has acquired substantially all of the assets of American Metal Group, Inc. and certain of its affiliates which operate from facilities in San Jose and Santa Clara, Calif.

JFE Steel to Resume Operation of Fukuyama Blast Furnace

25 April 2011 - JFE Steel Corp. expects to complete the revamp of No.3 Blast Furnace at the company’s West Japan Works (Fukuyama), with the blowing in for a fourth campaign to begin around May 14.

SMDI Investors Celebrate Sustainability, Recyclability of Steel

25 April 2011 - In commemoration of the 41st anniversary of Earth Day, investing member companies of the Steel Market Development Institute remind consumers about the sustainability benefits and superior recycling attributes of steel.

IAM Members Ratify New Labor Agreement for AK’s Middletown Works

25 April 2011 - Members of the International Association of Machinists and Aerospace Workers (IAM), Local Lodge 1943, have ratified a new labor agreement covering about 1,700 hourly production and maintenance employees at AK Steel’s Middletown Works.

Nippon Steel to Enter Tinplate Joint Venture with Wuhan Steel

25 April 2011 - Nippon Steel Corp. and Wuhan Iron and Steel (Group) Corp. have agreed to establish a joint venture for the manufacture and sale of tinplate in China.