Steel News

Outokumpu’s Head of Business Area APAC Austin Lu Leaves the Company

16 February 2015 - Austin Lu, Outokumpu’s head of business area APAC and Outokumpu Leadership Team member has taken a new challenge outside the company, thereby leaving his position as of March 31, 2015.

MMK to Maintain Production Volumes, Focus on Maximum Efficiency

10 February 2015 - OJSC Magnitogorsk Iron and Steel Works (MMK) plans to maintain production volumes over the next 10 years at approximately 12 million tonnes of metal annually at its key facility in Magnitogorsk, Russia.

Grupo Simec Comments on U.S. Imposition of Rebar Import Duties

09 February 2015 - Grupo Simec S.A.B. de CV is providing comments on the effects of what it called a “surprising” decision by the U.S. Department of Commerce to impose an antidumping duty of 66.7% on rebar shipments from the company.

TimkenSteel Board of Directors Elects Two Additional Independent Directors

09 February 2015 - The board of directors of TimkenSteel elected two new independent directors: Randall Edwards, president and chief operating officer of Premier Pipe LLC, and Ronald Rice, president and chief operating officer of RPM International Inc. Nine directors now serve on the TimkenSteel board.

Outotec Ranked World's 12th Most Sustainable Company on Global index

06 February 2015 - Outotec was ranked 12th on the 2015 Global 100 Most Sustainable Corporations in the World (Global 100) Index. This was the third consecutive year Outotec was included in the index (ranking 3rd in 2014).

NLMK Group Funding for Social Programmes Up 14% in 2014

05 February 2015 - NLMK Group (LSE: NLMK), the largest steelmaker in Russia and one of the most efficient in the world, increased funding for social programmes in 2014 by 14% to 2.9 billion rubles.

Germany's Stahlwerk Thüringen Hopes to Expand Range of Heavy Sections

05 February 2015 - The company is planning to expand its range of beams to produce wider dimensions that can bear heavier loads.

ArcelorMittal Awarded for Innovative Concrete Dowel Technology

04 February 2015 - ArcelorMittal Europe – Long Products was recognized for the development of “CoSFB-Betondübel”, an innovative concrete dowel technology, by the German steel construction industry.

ArcelorMittal Liberia Wins Company of the Year 2014

03 February 2015 - ArcelorMittal has been named Liberia’s company of the year by Global News Network (GNN) Liberia in its “Who’s Who 2014” ranking.

Sandvik Awarded Innovator of the Year in Czech Republic

03 February 2015 - Sandvik in Chomutov, Czech Republic, was announced as the winner of the prestigious award Best Innovator of the year in the Czech Republic — a recognition of the company's way of working with innovation.

Tenaris Recognized as a Top Supplier in Colombia

02 February 2015 - A Colombian energy company has recognized Tenaris as one of the best suppliers to work with in the hydrocarbon sector.

Timken Improves Fourth Quarter, Full-Year 2014 Results

02 February 2015 - The Timken Company reported fourth-quarter sales of US$762.2 million, up approximately 2% over the prior-year quarter.

SteelBenchmarker: HRB Prices Free Falling

30 January 2015 - In its 212th report, the SteelBenchmarker released 10 steel products and 3 USA scrap prices. Of these, here are four benchmark prices for hot-rolled band for 26 January 2015:

Carpenter Technology Reports Second Quarter Results

30 January 2015 - Carpenter Technology Corporation announced financial results for the quarter ended 31 December 2014.

SunCoke Energy Inc. Announces Fourth Quarter 2014 Results

30 January 2015 - SunCoke Energy Inc. announced its results for the fourth quarter and full year 2014.

SDI Reports 2014 Results; Expects Challenging Q1

29 January 2015 - Steel Dynamics Inc. announced 2014 fourth quarter and full-year results.

U. S. Steel Reports Highest Full-Year Net Income Since 2008

28 January 2015 - United States Steel Corporation reported its highest full-year net income since 2008 as the Carnegie Way delivered more earnings power.

Universal Stainless Posts Solid Fourth Quarter 2014 Results

28 January 2015 - Universal Stainless & Alloy Products, Inc. reported that net sales for the fourth quarter of 2014 were US$53.0 million, which is 31% higher than the fourth quarter of 2013, and is in line with third quarter 2014 net sales of US$53.6 million.

Metalloinvest Implements Climate Action International Program

28 January 2015 - Metalloinvest has received a certificate for its participation in the Climate Action international programme.

SSAB’s Chairman of the Board to Leave His Assignment in 2015

28 January 2015 - SSAB’s chairman of the Board, Sverker Martin-Löf, has informed the company's principal owner, Industrivärden, that he is not available for re-election at the annual general meeting during the spring 2015 in the listed companies, where he currently holds board assignment.