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Industry
Latest News
MMK Group Announces Operational Results for Q1 2015
23 April 2015 - MMK Group’s overall crude steel output in Q1 2015 totalled 3,228 thousand tonnes (+5.1% q-o-q; +1.3% y-o-y). Overall steelmaking capacity utilisation at the main Magnitogorsk site in Q1 2015 exceeded 92%. At the same time, converter production operated at 100% of capacity.
March 2015 Crude Steel Production for the 65 Countries Reporting to worldsteel
22 April 2015 - World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 138 million tonnes (Mt) in March 2015, a -2.7% decrease compared to March 2014.
ArcelorMittal Releases 2014 Sustainability Report
22 April 2015 - ArcelorMittal, a leading steel and mining company, has published its 2014 sustainability report, ‘Steel: the sustainability challenge’. The report launches the company’s 10 new sustainable development outcomes which outlines what the company needs to achieve in order for its steel to be recognised as one of the world’s most sustainable materials. It also details the company’s sustainability highlights, including how ArcelorMittal made an economic contribution to society of $79 billion in 2014.
Steel Dynamics Reports First Quarter 2015 Results
22 April 2015 - Steel Dynamics, Inc. announced first quarter 2015 financial results. Excluding $17 million, or $0.04 per diluted share, of call premium and other finance expenses associated with the March 2015 senior note repayment, the company's adjusted first quarter 2015 net income was $40 million, or $0.17 per diluted share, on net sales of $2.0 billion. Including the finance charges, the company reported first quarter 2015 net income of $31 million, or $0.13 per diluted share.
Emirates Steel Alerts Over Imports Hitting UAE Market
22 April 2015 - Emirates Steel, the largest integrated steelmaker in the UAE, has warned of the effects of the flow in China’s and Turkey’s steel to the local markets, and called for protective actions to face the increasing competition and falling prices.
Bayi Iron Steel Takes the Lead in Green Buildings in China
21 April 2015 - Xinjiang Green Building Co was officially established in Toutunhe district in the Xinjiang Uygur autonomous region on March 30. It is the first assets management company in Xinjiang to focus on the development of the green building industry. The newly-inaugurated company was invested in by Baosteel Group Xinjiang Bayi Iron Steel Co and another six enterprises, including the Xinjiang Natural Information Technology Investment Co headquartered in Xinjiang.
worldsteel Short Range Outlook 2015–2016
21 April 2015 - The World Steel Association (worldsteel) released its Short Range Outlook (SRO) for 2015 and 2016. worldsteel forecasts that global apparent steel use will increase by 0.5% to 1,544 Mt in 2015 following growth of 0.6% in 2014. In 2016, it is forecast that world steel demand will grow by 1.4% and will reach 1,565 Mt.
Associations of Europe and North and Latin America Present Critical Document to the “New” Chinese Steel Industry Policy
21 April 2015 - Eight national and regional associations representing the steel industries of Europe, North and Latin America joined in expressing their concern to the Chinese government about the recently revised “Adjustment Policy 2015” to the Chinese national steel strategy, released last March.
U.S. Steel Plant Worker Crushed to Death By Truck; Homicide Investigation Launched
20 April 2015 - A U.S. Steel employee was killed Saturday when a semitruck from ALCO Transportation at U.S. Steel's Ecorse plant struck her, the News-Herald reports.
ArcelorMittal Steel in the Largest Oil Discovery of Recent Years
20 April 2015 - ArcelorMittal will supply some 15,000 tonnes of clad plate to aid one of the largest and toughest oil projects of the last 30 years.
March Service Center Shipment Results Mirror February
20 April 2015 - U.S. shipments of steel were essentially flat year-on-year. Canadian results were similar, with a small decline in steel shipments.
MMK Group Plans to Significantly Increase Budget for Environmental Initiatives in 2015
20 April 2015 - OJSC Magnitogorsk Iron and Steel Works plans to implement 72 initiatives within its approved 2015 Environmental Programme with a budget exceeding 3.3 bln roubles*, covering all the mill’s production plants and MMK Group entities.
The Legal Intelligencer Names U. S. Steel as One of Pennsylvania's Best In-House Legal Departments
17 April 2015 - United States Steel Corporation announced that its in-house legal department has been named the winner for both General Excellence and for Diversity in The Legal Intelligencer's Best Legal Departments contest. Led by Suzanne Rich Folsom, general counsel, chief compliance officer and senior vice president – government affairs, U. S. Steel was the only company to be recognized as a multiple category winner.
Dust Collectors Improve the Removal Efficiencies of Wet Scrubbers
17 April 2015 - Aerodyne Environmental, a specialist in industrial dust collectors and material handling valves, offers products that can either operate as stand-alone units or as pre-filters for existing dust collection systems. No matter how they are used in a process, Aerodyne dust collectors will improve efficiencies and removal rates, and help reduce costs and maintenance time. Wet scrubbers have proven to benefit immensely when an Aerodyne dust collector is used as a pre-filter.
ISRA VISION takes the lead at German Industry's Innovation Awards 2015
17 April 2015 - ISRA VISION AG came in first place in the "Medium-sized Businesses" category of the German Industry's Innovation Awards 2015.
Insteel Industries Reports Second Quarter Financial Results
17 April 2015 - Insteel Industries, Inc. announced financial results for its second quarter ended March 28, 2015.
AK Steel Announces Executive Retirement
16 April 2015 - AK Steel announced that David C. Horn, Executive Vice President, Chief Legal and Administrative Officer, and Secretary has elected to retire from the company effective May 31, 2015.
U. S. Steel Announces Management Changes At European and North American Operations
16 April 2015 - United States Steel Corporation announced two management changes at its European and North American operating facilities.
Olympic Steel Names Andrew Wolfort General Manager of Schaumburg Operation
15 April 2015 - Olympic Steel Inc., a national metals service center, announced Andrew Wolfort has been promoted to General Manager of the Company's operation in Schaumburg, Ill.
WPI Appoints Brajendra Mishra Associate Director of the Metal Processing Institute
15 April 2015 - Currently a professor at the Colorado School of Mines, Mishra is associate director of the NFS-funded Center for Resource Recovery and Recycling, which is headquartered at WPI.
