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Latest News

Mechel Appoints New CEO

02 January 2014 - Mechel OAO, a leading Russian mining and metals company, announced the appointment of the company's senior vice-president for economics and management Oleg Korzhov as Mechel OAO's chief executive officer.

Gerdau Receives 2013 Manufacturer of the Year Award in Florida

31 December 2013 - The Gerdau mill in Jacksonville, Fla., received the 2013 Manufacturer of the Year award from the Manufacturers Association of Florida, an organization which exists to improve the business environment for manufacturers in Florida.

LanzaTech Wins 2013 Platts Global Energy Award for Sustainable Innovation

31 December 2013 - LanzaTech, a producer of low-carbon fuels and chemicals from waste gases, was recognized at the 2013 Platts Global Energy Awards for “Sustainable Technology Innovation of the Year.”

SteelBenchmarker: HRB Prices Dormant

30 December 2013 - The bi-monthly SteelBenchmarker™ World export HRB price for 23 December 2013 rose 0.2% to US$565 per tonne for the fourth consecutive time.

EVRAZ Welcomes Northern Gateway Ruling

27 December 2013 - Diversified steel manufacturer EVRAZ North America welcomed the 19 December 2013 ruling by the Joint Review Panel, which brings the proposed Enbridge Northern Gateway Project a significant step closer to final approval.

Cliffs Natural Resources Reaches New Labor Agreement with USW in Quebec

27 December 2013 - Cliffs Natural Resources Inc. announced an agreement with the United Steelworkers (SW) union for a new six-year labor contract that will cover approximately 229 represented workers at Cliffs' Pointe Noire operation in Quebec.

Salzgitter AG Establishes New Group Management Board

27 December 2013 - As part of the "Salzgitter AG 2015" reorganization project the Salzgitter Group has established a new Group organization structure that takes effect as of 1 January 2014.

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.

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