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Latest News

U.S. Grain-Oriented Electrical Steel Industry Encouraged by Trade Case Ruling

08 May 2014 - The U.S. Department of Commerce announced its preliminary determinations that imports of grain-oriented electrical steel (GOES) from China, the Czech Republic, Germany, Japan, Poland, Russia, and South Korea are being sold at less than fair value (or “dumped”) in the U.S.

Acerinox Chairman Retires, Successor Named

08 May 2014 - The chairman of Acerinox S.A., Rafael Naranjo Olmedo, has submitted his resignation as chairman and director, due to health reasons.

SDI's Mark Millett Explains That Making Money in the Steel Industry Is Not a Mystery

07 May 2014 - Mark Millett, president and CEO of Steel Dynamics Inc., had two great honors bestowed upon him at AISTech 2104 in Indianapolis, Ind.: He was named 2014 Steelmaker of the Year, and he also received the 2014 William Hogan Memorial Lecture Award.

ArcelorMittal USA, Supply Chain Partnership Honored for Industry-First Innovation

07 May 2014 - ArcelorMittal, Honda and Magna’s Cosma International announced that a joint nomination for the 2014 Automotive News PACE Awards was selected as the winner in the ‘Manufacturing Process and Capital Equipment’ category for the industry’s first laser-welded, hot-stamped door ring in the 2014 Acura MDX.

U.S. Raw Steel Production Declines Slightly

07 May 2014 - In the week ending 3 May 2014, U.S. domestic raw steel production was 1,815,000 tons while the capability utilization rate was 75.5%, the American Iron and Steel Institute (AISI) reported in its latest Raw Steel Update.

Mark D. Millett Named Steelmaker of the Year at AISTech 2014

06 May 2014 - Mark D. Millett, president and chief executive officer of Steel Dynamics Inc., was named "Steelmaker of the Year" at AISTech 2014 — The Iron & Steel Technology Conference and Exposition, managed by The Association for Iron & Steel Technology (AIST).

AK Steel Employee Receives Prestigious Recognition

06 May 2014 - AK Steel said today that Johannes (Hans) Schade, Ph.D., the company's manager of electrical steel technology and research laboratories, has received the Benjamin F. Fairless Award from the Association for Iron and Steel Technology (AIST).

Timken Awards Scholarships Valued at US$790,000 to 38 Employees' Children

05 May 2014 - The Timken Company awarded scholarships to 38 children of Timken employees at 26 locations in eight countries around the world.

Universal Stainless Seeing Strong Market Demand

05 May 2014 - Universal Stainless & Alloy Products Inc. reported net sales for the first quarter of 2014 of US$46.7 million, an increase of 16% from the fourth quarter of 2013.

U.S. Will Not Sunset Import Duties On Welded Pipe from China

05 May 2014 - The U.S. International Trade Commission (USITC) determined that revoking the existing antidumping and countervailing duty orders on circular welded carbon-quality steel line pipe from China would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time.

U.S. Raw Steel Production Rises from Previous Week

02 May 2014 - In the week ending 26 April 2014, U.S. raw steel production was 1,835,000 tons while the capability utilization rate was 76.3%, the American Iron and Steel Institute (AISI) reported.

Outokumpu Sees Stainless Steel Market Picking Up

02 May 2014 - As it reported its first quarter results, Outokumpu reiterated its cautiously optimistic view of the markets for the second quarter.

Platts China Steel Sentiment Index Indicates Slowed Demand Growth For May

02 May 2014 - The health of China's steel sector appears to be leveling off and likely to see less support from demand growth in May, according to the latest Platts China Steel Sentiment Index (Platts CSSI), which showed a reading of 50.34 out of a possible 100.

AK Tube Plants Recognized For Outstanding Safety Performance

01 May 2014 - The Columbus, Ind., and Walbridge, Ohio, plants of AK Tube LLC, a subsidiary of AK Steel, have each received the "Safety Award of Merit" from the Fabricators and Manufacturers Association, International (FMA), a leading trade organization that serves the metal forming and fabricating industry.

Ternium Reports Higher First Quarter Results, Gives Outlook

01 May 2014 - Ternium S.A. announced its results for the first quarter ended 31 March 2014.

Olympic Steel Gives Favorable Outlook for Remainder of the Year

01 May 2014 - Olympic Steel Inc., a national metals service center, announced financial results for the first quarter ended 31 March 2014.

U. S. Steel Reports Improvement in Q1 Results Despite Weather-Related Issues

30 April 2014 - United States Steel Corporation reported first quarter 2014 net income of US$52 million compared to a first quarter 2013 net loss of US$73 million and fourth quarter 2013 net income of US$270 million.

SteelBenchmarker: U.S. HRB Price Sprouts Up

30 April 2014 - The bi-monthly SteelBenchmarker™ United States HRB spot price for 28 April 2014 increased 0.9% to US$756 per metric ton for the third consecutive time.

ArcelorMittal France Promotes Steelmaking During National Industry Week

30 April 2014 - From 7 to 14 April 2014, ArcelorMittal sites in France took part in the country’s fourth Industry Week, an annual event organized by the Ministry of Industrial Renewal to promote industrial activity as a key economic driver and improve its perception, especially amongst young people.

Republic Steel, OSHA Reach Settlement Agreement Over Safety, Health Violations

29 April 2014 - Republic Steel has entered into a comprehensive settlement agreement with the Occupational Safety and Health Administration (OSHA) and the United Steelworkers Union (USW) to resolve citations recently issued by OSHA against the company.

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