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Latest News

Nucor Publishes Second Quarter Financial Results

27 July 2015 - Nucor Corporation presented their earnings report for the second quarter of 2015 on 23 July.

Outokumpu Reports EUR -25 Million Underlying EBIT for Q2 2015: Improvement in Coil EMEA Not Enough to Cover Losses in Coil Americas

24 July 2015 - Outokumpu released its interim report for the second quarter of 2015 on 23 July.

EVRAZ Releases Production Report for Second Quarter of 2015

24 July 2015 - EVRAZ plc released its operational results for the second quarter of 2015 on 17 July.

Reid Jajko Appointed to Vice President, Aftermarket Business Unit, NSK USA

24 July 2015 - NSK Corporation (NSK) announced the appointment of Reid Jajko to Vice President, Aftermarket Business Unit, USA.

Worldsteel: World Crude Steel Production Decreases 2.4% Year on Year, U.S. Production Down 8.5% From June 2014

23 July 2015 - World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 136 million tonnes (Mt) in June 2015, a -2.4% decrease compared to June 2014.

Steel Dynamics Inc. Announces Second Quarter 2015 Results

23 July 2015 - Steel Dynamics, Inc. announced second quarter 2015 adjusted net income of $53 million, or $0.22 per diluted share, and adjusted operating income of $120 million, which excludes the following items:

U. S. Steel Canada Attempting to Swap Financiers

22 July 2015 - According to a report by the CBC, after fielding threats their financing would be cut, U.S. Steel Canada is filing to replace its original bankruptcy lender, U.S. Steel (USS), with Brookfield as the creditor for a unique line of credit for bankruptcy proceedings, called debtor in possession (DIP) financing.

Northwest Pipe Company to Explore the Sale of Its Energy Tubular Products Business

22 July 2015 - Northwest Pipe Company, an industry leader of engineered welded steel pipe products, announced it is in the process of exploring the sale of its remaining Energy Tubular Products business, which includes line, structural and standard pipe, and is located in Atchison, Kansas.

MSCI: Shipments Recover Slightly in June

22 July 2015 - The Metal Service Center Institute has reproted that U.S. shipments of steel products decreased only moderately in June and aluminum shipments increased.

FLSmidth to Supply Complete Air Pollution Control System for Essar Steel Minnesota

21 July 2015 - FLSmidth has received a contract worth approximately USD 40m (DKK266m) from Essar Steel Minnesota LLC for mechanical installation of a complete Air Pollution Control system for the Group's greenfield iron ore pelletizing plant.

MMK Produces 600 Million Tons of Pig Iron

21 July 2015 - OJSC Magnitogorsk Iron and Steel Works ("MMK" or “the Company”) produced its 600,000,000th tonne of pig iron since the blast-furnace’s commissioning in 1932.

ArcelorMittal Announces Publication of Second Quarter 2015 EBITDA Sell-Side Analyst Consensus Figures on corporate.arcelormittal.com

21 July 2015 - ArcelorMittal announced their second quarter 2015 EBITDA sell-side analyst consensus figures on 20 July.

JSPL Angul and SMS Group Commission Largest High-Speed Billet Caster in India

20 July 2015 - Jindal Steel and Power Limited (JSPL) and SMS group have successfully commissioned its high-speed eight-strand billet caster at the Angul Odisha, India, plant.

POSCO Returns to Steel Roots With "Aggressive" Cutbacks

20 July 2015 - As reported by Bloomberg, Posco pledged to halve its domestic operations and cut overseas units by 30 percent as South Korea’s biggest steel producer focuses on its main business of making the metal.

Nick Grasberger, Harsco President and CEO, to Lead Metals & Minerals on an Interim Basis; Company Announces Q2 Earnings Guidance

20 July 2015 - Harsco Corporation announced that Nicholas Grasberger, the Company's President and Chief Executive Officer and member of the Board of Directors, will assume the leadership of the Harsco Metals & Minerals segment on an interim basis effective immediately, following the departure of Metals & Minerals President Richard Lundgren to pursue other opportunities.

Insteel Industries Reports Third Quarter Financial Results

20 July 2015 - Insteel Industries, Inc. announced financial results for its third quarter ended June 27, 2015.

Mexico Imposes Tariffs on Steel From Spain, U.S. and India

17 July 2015 - As reported by Reuters, Mexico has imposed provisional import duties on carbon steel tubing with seams from the United States, Spain and India, as it investigates possible dumping.

AISI: Weekly Raw Steel Production Ticks Up 3.3% From Prior Week

17 July 2015 - The American Iron and Steel Institute released their weekly U.S. Raw Steel Production statistics for the week ending 11 July.

Technical Collaboration Delivers Insight on Steel Mill Roll Lubrication

17 July 2015 - Quaker Chemical Corporation introduced roll lubrication to the 4-high Steckel mill at Nucor Steel Tuscaloosa Inc., which resulted in advantages such as significant extension to roll service life and a notable reduction in mill torque.

Tezcan to Produce First Galvalume® Line in Turkey

17 July 2015 - Tezcan Galvanizli Yapi Elemanlari Sanayi Ve Ticaret A.Ş. contracted Danieli Wean United to supply a new galvanizing line dedicated to Al-Zn production and new X-Jet Air Wiping Equipment for existing HDGL to be installed in their facility in Kocaeli, Turkey.

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