Steel News

European Parliament Urges EU to Step Up Efforts to Help Steel Industry Out of Crisis

18 December 2014 - The EU should step up its efforts to help the steel industry out of the crisis, Members of the European Parliament (MEPs) said in a non-binding resolution voted on 17 December 2014.

NLMK Group Almost Halves Occupational Injuries at Russian Sites

18 December 2014 - As a result of implementing OHS programs, NLMK Group has reduced the amount of injuries at its Russian sites from the beginning of 2014 by 40%. At the Lipetsk site, the decrease was approximately 50% year-on-year.

EUROFER: Strengthening Trend in EU Steel Market Set to Continue in 2015

17 December 2014 - The latest economic surveys show that following a weakening trend in Q3, most indicators have been stabilizing, according to EUROFER.

USW Members Ratify Labor Agreement for AK Steel's Ashland Works

17 December 2014 - Members of United Steelworkers (USW) Local 1865 have ratified a new 42-month labor agreement covering more than 800 hourly production and maintenance employees at AK Steel’s Ashland, Ky., plant.

Olympic Steel Promotes Gerry Phillips to General Manager of Milford Facility

17 December 2014 - Olympic Steel Inc. announced the promotion of Gerry Phillips to general manager at the company's facility in Milford, Conn.

Nucor Provides Guidance on Q4 Perfomance

16 December 2014 - Nucor Corp. announced guidance for its fourth quarter ending 31 December 2014.

TimkenSteel Awards First Class of Scholars US$245,000

16 December 2014 - The TimkenSteel Charitable Fund awarded the first class of TimkenSteel scholars with US$245,000 in scholarship funds.

IREPAS Gives Short Range Outlook for December 2014

16 December 2014 - Oversupply has been evident in the global long steel market from September up to the end of November, slowing down demand, putting pressure on the market and pushing prices downwards.

AIIS: U.S. Steel Exports Dipped in October

16 December 2014 - U.S. steel exports dipped from September to October 2014 and fell nearly 11% from a year earlier, according to analysis from the American Institute for International Steel (AIIS).

Agency Vote Determines U.S. Industry Injured by Wire Rod Imports from China

15 December 2014 - The United States International Trade Commission (USITC) determined that a U.S. industry is materially injured by reason of imports of carbon and certain alloy steel wire rod from China that the U.S. Department of Commerce (Commerce) has determined are subsidized and sold in the United States at less than fair value.

Trade Law Group Voices Concerns Over WTO Decision in India Hot Rolled Steel Dispute

15 December 2014 - The Committee to Support U.S. Trade Laws (CSUSTL), a broad coalition committed to preserving U.S. unfair trade laws, expressed serious concerns regarding the World Trade Organization (WTO) Appellate Body report issued on 8 December 2014 in India's challenge of a U.S. countervailing duty order on certain hot-rolled carbon steel flat products.

The Systems Group Names New President

15 December 2014 - The Systems Group (TSG) — a diverse group of companies engaged in fabrication, plant maintenance and construction for steel mills, foundries, metal processing plants, petrochemical plants and manufacturing facilities — announced that Lee Morgan has joined the company as its new president.

OSHA Cites JSW Steel (USA) for Safety Violations

15 December 2014 - An OSHA inspection on 10 June 2014 of the JSW Steel (USA) Inc. Baytown facility found the company violated 12 safety requirements. Proposed penalties total US$126,000.

Platts China Steel Sentiment Index Shows Small Uptick

12 December 2014 - The outlook for China's steel market has improved slightly, with expectations of new orders rising and steel output tipped to stay at November levels, according to the latest Platts China Steel Sentiment Index (Platts CSSI), which shows a headline reading of 37.39 out of a possible 100 points in December.

AISI: October Steel Shipments Up 1.6% from September

12 December 2014 - The American Iron and Steel Institute (AISI) reported that for the month of October 2014, U.S. steel mills shipped 8,508,477 tons, a 1.6% increase from the 8,372,929 tons shipped in the previous month, September 2014, and a 2.7% increase from the 8,287,553 tons shipped in October 2013.

Universal Stainless CEO Receives One of Three Top Honors in Smart 50 Awards Event

11 December 2014 - Universal Stainless & Alloy Products Inc. announced that Dennis M. Oates, chairman, president and chief executive officer, received one of three top honors presented by Smart Business magazine at a Pittsburgh Smart 50 Awards ceremony in November 2014.