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Latest News

Association of Steel Distributors Announces New President

26 December 2013 - The Association of Steel Distributors (ASD) recently announced that Brian D. Robbins, CEO of MidWest Materials, Inc. in Perry, Ohio, has been elected as 2014 president by the association.

AK Steel Honors Women For Strength, Courage, Compassion And Leadership

26 December 2013 - In recognition of women who have overcome obstacles to make a positive difference in the lives of others, the AK Steel Foundation is underwriting the Steel Magnolia Awards — honoring four women who reside in the vicinity of AK Steel's corporate headquarters and plant operations.

Moody's: Stable European Steel Outlook Supported by Improving Fundamentals and Sentiment

26 December 2013 - Moody's outlook for the European steel industry is stable and reflects the rating agency's expectations for the fundamental business conditions in the industry over the next 12 to 18 months, saidMoody's Investors Service in a recently-published industry outlook.

Konecranes Announces Change to Head of Equipment Business

25 December 2013 - Hannu Rusanen, currently executive vice president and head of Business Area Equipment, has announced that he is leaving Konecranes to pursue other interests.

Severstal North America Appoints Director of Scrap and Metallics Procurement

23 December 2013 - Severstal North America has appointed Sanjeev Badola, director, scrap and metallics procurement, based in Dearborn, Mich., effective 1 January 2014.

October Steel Shipments Up 5.2% from September, Up 11.5% from Prior Year

23 December 2013 - The American Iron and Steel Institute (AISI) reported that for the month of October 2013, U.S. steel mills shipped 8,287,553 tons, a 5.2% increase from the 7,879,747 tons shipped in the previous month,

AK Steel Announces Stainless Steel Price Increase

23 December 2013 - AK Steel said that, in addition to the stainless steel price increase announced by the company on 22 November 2013, the company will also increase base prices for all of its remaining stainless steel products, effective with shipments on 1 January 2014.

Global Steel Production Up 3.6% Y-o-Y in November 2013

20 December 2013 - World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 127 million tonnes in November 2013, an increase of 3.6% compared to November 2012.

AK Steel Announces Executive Retirement

20 December 2013 - AK Steel said that John F. Kaloski, executive vice president and operating officer of AK Steel, has elected to retire from the company, effective 31 January 2014.

SDI Appoints New Board Member

20 December 2013 - Steel Dynamics, Inc. announced that Bradley S. Seaman has been appointed to its Board of Directors as an independent director, to fill a vacancy created by the untimely death on 18 October 2013 of board member James A. Trethewey.

New Millennium Iron Announces New President and CEO

19 December 2013 - New Millennium Iron Corp. (NML) announced that Mr. Robert Patzelt, Q.C., will join NML effective 13 January 2014 as president and chief executive officer and a director of the corporation.

AK Steel Provides Fourth Quarter 2013 Guidance

19 December 2013 - AK Steel provided guidance for its fourth quarter of 2013 financial results, noting that it has seen stronger demand in the fourth quarter compared to the third quarter, particularly in carbon sales to the spot market.

U.S. Agency Vote Will Result in Continuation of Duties on Hot Rolled Steel Imports

19 December 2013 - In a sunset review, the U.S. International Trade Commission determined that revoking import duties on hot rolled steel from six countries would be likely to harm the domestic steel industry.

Steel Dynamics Provides Fourth Quarter 2013 Earnings Guidance

18 December 2013 - Steel Dynamics Inc. provided fourth quarter earnings guidance, also commenting on current and expected future market conditions.

Allegheny Technologies Names CFO

17 December 2013 - Allegheny Technologies Incorporated announced that Patrick J. DeCourcy has been named senior vice president, finance and chief financial officer. Mr. DeCourcy had been serving as interim chief financial officer since 15 July 2013.

MSCI: Growth Reverses Again in November

17 December 2013 - Decreases in steel shipments from service centers in the U.S. and for both steel and aluminum in Canada were moderate, the Metals Service Center Institute (MSCI) reported.

Severstal North America Appoints Director of Government Relations

17 December 2013 - Effective immediately, Severstal North America has named Mr. William S. Noakes, Jr., its director, government relations, based in Dearborn, Mich.

Kloeckner Metals Announces Resignation of Michael Hoffman

17 December 2013 - Kloeckner Metals, one of the leading metal distributors in North America, announced that Mr. Michael Hoffman, vice chairman, Klockner USA Holding, Inc., will resign from his current position effective 31 December 2013.

New Millennium Iron Announces New Member of Board of Directors

16 December 2013 - New Millennium Iron Corp. (NML) announced that Mr. Partha Sengupta, vice president of raw materials, including Global Minerals, at Tata Steel Limited, has recently resigned as a director of the corporation, due to the recent changes in organizational structure of the Tata Steel Group.

NLMK Appoints New Vice President for Sales

16 December 2013 - NLMK Group announced the appointment of Ilya Guschin as vice president for sales. Sergei Khorn, former acting vice president for sales, has been appointed his deputy.

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