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Severstal Reports Financial Results for 2nd Quarter, First Half of 2010

08 September 2010 - OAO Severstal reports a net profit of $192 million on revenue of $4.245 billion for the second quarter, and a net loss of $593 million on revenue of $7.387 billion for the first half of 2010.

USITC to Conduct Sunset Review of Stainless Plate Imports

08 September 2010 - The U.S. International Trade Commission has voted to conduct full five-year (sunset) reviews concerning the countervailing duty orders on stainless steel plate from Belgium and South Africa and the antidumping duty orders on stainless plate from Belgium, Italy, Korea, South Africa, and Taiwan.

Tenova Core Starts up Heat Treat Furnace in New Castle for Outokumpu

08 September 2010 - Tenova Core completes the successful start-up of a walking hearth plate heat treating furnace at Outokumpu’s New Castle, Ind., stainless plant.

Mechel OAO Announces Work Suspension at New-Olzherasskaya Mine

07 September 2010 - Mechel OAO announced that mining operations are currently suspended at New-Olzherasskaya Underground mine—part of Southern Kuzbass OAO, Mechel’s coal mining subsidiary—due to coal self-heating that occurred in mid-August in the long wall face No. 21-1-7.

ArcelorMittal South Africa Appoints New CFO

07 September 2010 - The Board of Directors of ArcelorMittal South Africa Ltd. has appointed Rudolph Torlage as Chief Financial Officer and Executive Director of the company with effect from September 3.

SMS Meer to Supply Universal Mill to OAO Novokuznetsk Iron & Steel

07 September 2010 - OAO Novokuznetsk Iron & Steel has placed an order with SMS Meer for a new universal rail and section mill. The mill is designed for a capacity of 1.3 million tonnes per year, 950,000 tonnes of which are rails.

OJSC ArcelorMittal Kryviy Rih Reports Q2 Environmental Protection Investments

07 September 2010 - ArcelorMittal Kryviy Rih has invested a total of 111.197 million UAH in environment protection in the period from April to June 2010, an increase of 1.8 times compared to the same period of 2009.

AK Steel Announces Carbon Steel Price Increase

07 September 2010 - AK Steel will increase current spot market base prices by $40 per ton, effective immediately with all new orders.

Evraz NA Canada Secures Bank Financing

07 September 2010 - Evraz Group SA announced the closing of an approximately $285 million, four-year committed revolving credit facility by Evraz Inc. NA Canada.

Posco to Purchase Daewoo International Shares

07 September 2010 - Posco signed a share sale and purchase agreement with Kamco, the head of Daewoo International Joint Sales Council, on August 30, acquiring approximately 68% of Daewoo International shares totaling 68,681,566 shares. Posco was selected as a preferred bidder this past May.

Nippon Steel Suspends Delivery of Galvanized Pipe from Kimitsu

03 September 2010 - Nippon Steel suspends delivery of galvanized steel pipes from its Kimitsu Works when the company discovers that some of the facility’s pipes had been insufficiently galvanized.

Outotec to Supply Iron Ore Sinter Plant for SAIL

03 September 2010 - Outotec has been selected by the Steel Authority of India Ltd (SAIL) to design and deliver an iron ore sinter plant for the company's Bhilai Steel Plant in Chhattisgarh.

Solintal Buckets Made of Hardox Wear Plate from SSAB

03 September 2010 - Solintal's strong and durable bucket design has a Hardox In My Body license, SSAB’s quality guarantee demonstrating that the wear structure is made of Hardox wear plate.

Outokumpu Publishes Handbook on Welding Stainless Steel

03 September 2010 - The first edition of the Outokumpu Welding Handbook has been published. The Group expects the handbook to be useful for welders, engineers, metallurgists, designers, and other specialists.

ThyssenKrupp Steel Europe Welcomes 328 New Apprentices

03 September 2010 - ThyssenKrupp Steel Europe AG has taken on 328 new apprentices in 19 occupations with the startup this week of its latest apprentice training year.  To ease the transition from school to working life, all newcomers attend a week-long initiation course in which they meet other apprentices, learn about the company, and spend time focusing on workplace health and safety.

Steel Import Permits Decrease 15% in August

02 September 2010 - Steel import permit applications reached a total of 2,082,000 net tons for August, a 15% decrease from the 2,436,000 permit tons recorded in July and a 14% decrease from the July preliminary imports total of 2,415,000 net tons, according to the latest report from AISI.

AK Steel Announces October 2010 Surcharges

02 September 2010 - AK Steel says it will add a $350 per ton surcharge to invoices for electrical steel products shipped in October 2010.

Solaris Industries Opens New Plant in North Carolina

02 September 2010 - Solaris Industries has officially opened its plant in Kings Mountain, N.C., to meet the needs of a growing customer base in the United States. The company plans to hire about 40 to 50 employees over the next two years.

TMK Joins Industrial Liaison Program at MIT

02 September 2010 - TMK becomes one of approximately 200 companies around the world (and the first Russian company) to gain access to Massachusetts Institute of Technology resources and receive benefits from the Industrial Liaison Program's human and intellectual capital.

Horsehead Updates Restart Schedule for PA Refining Facility

02 September 2010 - Horsehead Holding Corp. noted that the Monaca, Pa., plant's zinc oxide and metal refinery remains temporarily shut down. Regarding zinc oxide production, the company currently expects to restart all four Larvik furnaces by the end of September; it expects to restart the zinc oxide and refined zinc metal columns in stages starting in November.

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