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Latest News

Report: China Steel Exports Reaching "Extraordinary" Levels

29 July 2015 - Steel exports from China have increased to extraordinary levels as demand in the world’s largest producer slows, according to a Bloomberg report. Meanwhile, the head of India’s third-biggest mill is decrying the impact of surging competition, it said.

U.S. Producers Seeking Trade Relief From Cold-Rolled Imports

29 July 2015 - Several major U.S. steel producers -- AK Steel Corp., ArcelorMittal USA LLC, Nucor Corp., Steel Dynamics Inc., and U.S. Steel Corp. -- have filed petitions charging that foreign producers from eight countries are are dumping cold-rolled steel at substantial margins, harming the domestic industry.

AISI: Preliminary Steel Imports Decrease 10% in June; Import Market Share at 27%

28 July 2015 - Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 3,049,000 net tons (NT) of steel in June 2015, including 2,458,000 net tons (NT) of finished steel (down 10.3% and 10.7%, respectively, vs. May final data).

TimkenSteel Appoints New Director of Tube Manufacturing

28 July 2015 - TimkenSteel recently promoted Carolee Vanicek to director of tube manufacturing.

Grupo Simec Announces Results for the First Six Months of 2015

28 July 2015 - Grupo Simec, S.A.B. de C.V. ("Simec") announced its results of operations for the sixth-month period ended June 30, 2015.

General Steel Announces the Appointment of New Chief Executive Officer

27 July 2015 - General Steel Holdings, Inc. ("General Steel" or the "Company"), a leading non-state-owned steel producer in China, announced the appointment of Ms. Yunshan Li as its Chief Executive Officer effective immediately.

Reliance Steel & Aluminum Co. Posts Second Quarter 2015 Results

27 July 2015 - Reliance Steel & Aluminum Co. reported its financial results for the second quarter ended June 30, 2015.

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.

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