Steel News

Voestalpine Gets a Significant Boost in Earning in the Business Year 2014/15

12 June 2015 - In a global economic environment that is inconsistent, the voestalpine Group continued the positive development of the previous year in the business year 2014/15 (April 1, 2014 to March 31, 2015).

Harsco Corporation Announces Withdrawal of Proposed Public Offering of $250 Million of Senior Notes

11 June 2015 - Harsco Corporation announced that it has withdrawn its previously announced public offering of $250 million aggregate principal amount of senior notes due 2020 (the "Notes") in response to market conditions.

Houghton International Announces Senior Leadership Appointments to Support Global Businesses

10 June 2015 - Houghton International Inc., a global leader in metalworking fluids and services, announced changes in organizational leadership that will improve the management and alignment of its global businesses.

Nucor Announces 169th Consecutive Cash Dividend

10 June 2015 - The board of directors of Nucor Corporation declared the regular quarterly cash dividend of $0.3725 per share on Nucor's common stock.

AHSMA to Cut 20% of Workforce, Suspend Investment Plans

09 June 2015 - Mexican steelmaker Altos Hornos de Mexico, S.A.B. said it is suspending its investment plans and cutting its workforce and output in response to a 40 percent drop in steel prices thus far in 2015.

ThyssenKrupp Profiting From Strong Growth in North American Auto Market: New Steering Components Plant Opened in Mexico

09 June 2015 - The industrial and technology group ThyssenKrupp continues to expand in the growth region North America.

Mitsubishi Caterpillar Forklift America (MCFA) Supports 2nd Annual National Forklift Safety Day

09 June 2015 - Mitsubishi Caterpillar Forklift America Inc. (MCFA), a leading manufacturer of forklifts under the Cat® lift trucks, Mitsubishi forklift trucks and Jungheinrich® brands, will host its second annual National Forklift Safety Day on Tuesday, June 9 at their Houston, Texas headquarters.

AISI Releases May SIMA Imports Data; Import Market Share 29 percent in May

08 June 2015 - Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and Steel Institute (AISI) reported that steel import permit applications for the month of May total 3,432,000 net tons (NT)*.

Latin American Share of Chinese Exports Reaches More than 10% in Jan/Apr 2015

05 June 2015 - According to a report by Alacero, between January and April 2015 China exported 3.2 million tons of finished steel to Latin America, a growth of 29% from January/April 2014.

MMFX Steel Corporation of America Hires New Regional Sales Manager for Southwest U.S.

05 June 2015 - MMFX® Steel Corporation announced Douglas C. Johns has joined the company as regional sales manager for the Southwestern U.S. region.

Ryerson Appoints Erich S. Schnaufer Interim Chief Financial Officer

04 June 2015 - Ryerson Holding Corporation, a leading processor and distributor of metals, announced the appointment of Erich S. Schnaufer to the position of interim chief financial officer, effective June 1, 2015.

AK Steel and Other US Producers File Trade Cases Against Five Countries

04 June 2015 - AK Steel today announced that it has joined other major domestic steel producers in filing anti-dumping and counter-vailing duty petitions against five countries related to corrosion-resistant steel.

Carpenter Technology Names Tony R. Thene to Serve as President and CEO

03 June 2015 - Carpenter Technology Corporation announced that its Board of Directors has appointed Tony R. Thene as Carpenter’s President, Chief Executive Officer (CEO) and member of the Board of Directors, effective July 1, 2015.

PRO-TEC Coating Company President Bryan P. Vaughn To Retire; Brent Rosebrook Named Acting President

03 June 2015 - PRO-TEC Coating Company, a 50/50 joint venture between United States Steel Corporation and Kobe Steel, Ltd., of Japan, announced that its president, Bryan Vaughn, has elected to retire effective June 1, 2015 after 34 years of service in the steel industry.

U.S. Steel Imports Drop 3.7% in April 2015

02 June 2015 - Based on preliminary U.S. Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 3,483,000 net tons (NT) of steel in April 2015, including 2,938,000 net tons (NT) of finished steel (down 3.7% and 7.8%, respectively, vs. March final data).

Vadim Larin Appointed CEO of Severstal Management

02 June 2015 - PAO Severstal, one of the world’s leading steel and steel-related mining companies, announced that Vadim Larin, previously COO of Severstal Management, has been appointed CEO of Severstal Management in line with Company’s plans announced earlier on 27 April 2015.

AK Steel Announces Executive Promotions and Organization Changes

01 June 2015 - AK Steel's Board of Directors has approved the following executive promotions and organization changes, effective May 29, 2015:

Reliance Steel & Aluminum Co. Announces Executive Leadership Succession

01 June 2015 - Reliance Steel & Aluminum Co. announced that in accordance with the previously announced executive leadership succession plan, effective as of May 20, 2015, the Company has appointed Gregg J. Mollins as Chief Executive Officer and President of Reliance. David H. Hannah has transitioned to the role of Executive Chairman.

Usiminas to Temporarily Idle Two Blast Furnaces

29 May 2015 - Usinas Siderúrgicas de Minas Gerais S.A. (Usiminas) informed its shareholders in a press release on 18 May of its plans to temporarily shut down two blast furnaces, the No. 1 at Cubatão Plant and the No. 1 at the Ipatinga plant, from 31 May and 4 June 2015, respectively.

Conares to Grow UAE Steel Production Capabilities

29 May 2015 - According to Construction Week Online, Conares intends to further strengthen its steel production capabilities in the UAE.