Steel News

U. S. Steel CEO Comments on Affirmative Decision in OCTG Trade Case

25 August 2014 - Today United States Steel Corporation president and CEO Mario Longhi issued the following statement in response to the International Trade Commission's affirmative final vote in a trade case on oil country tubular goods (OCTG) against eight countries including South Korea.

Mechel Announces New Members to Its Management Board

22 August 2014 - Mechel OAO announced the election of new members to the Mechel OAO Management Board, the company’s elected collegial executive body.

SKF Appoints New President and CEO

21 August 2014 - SKF announced that Tom Johnstone has decided to step down as president and CEO of SKF, on 1 January 2015.

Global Crude Steel Capacity Utilization Fell in July

20 August 2014 - World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 137 million metric tons (Mt) in July 2014, an increase of 1.7% compared to July 2013.

North American Service Center Shipment Growth Continued in July

20 August 2014 - The healthy growth in steel and aluminum shipments exhibited in June 2014 continued into July for both U.S. and Canadian service centers, the Metals Service Center Institute (MSCI) reported.

Russel Metals Benefitting from Strengthening Economy in U.S., Canada

19 August 2014 - Russel Metals Inc. announced second quarter 2014 earnings of US$31 million or US$0.50 per share on revenues of US$893 million reflecting strong operating margins in all segments.

Mechel Reports New Management Appointment

19 August 2014 - Mechel OAO reports that Alexey Ivanushkin was appointed first deputy chief executive officer.

Boulder Imaging Promotes Chris Sheridan to Director of Engineering

18 August 2014 - Boulder Imaging (BI) announced that Chris Sheridan has been promoted to director of engineering.

Tata Steel Provides Update on Global Operations in Quarterly Report

18 August 2014 - Tata Steel Group declared its consolidated financial results for the quarter ended 30 June 2014.

Olympic Steel Promotes Andrew Markowitz to Vice President Sales and Marketing—Specialty Metals

15 August 2014 - Olympic Steel Inc., a leading national metals service center, announced the promotion of Andrew Markowitz to the newly created position of vice president sales and marketing—specialty metals. Additionally, Jerrold Gideon has been promoted to general manager—Integrity Stainless.

SteelBenchmarker: HRB Prices Revive

15 August 2014 - In its 201st report, the SteelBenchmarker released nine steel products and three USA scrap prices. Of these, here are four benchmark prices for hot-rolled band for 11 August 2014:

SKF Appoints New Press & Media Relations Director

15 August 2014 - Theo Kjellberg has been appointed director press & media relations within the SKF Group, starting 25 August 2014.

Salzgitter Reports Results in Difficult Steel Market

15 August 2014 - The Salzgitter Group closed the first half of 2014 with a significant year-on-year improvement in its pre-tax result approximating breakeven.

Superior Tube Appoints Former Navy Pilot as Aerospace Market Manager

14 August 2014 - Superior Tube Company, a global leader in the manufacture of small diameter precision tubing for safety critical applications, announced the recent appointment of Wade Burchell as aerospace market manager.

TimkenSteel to Increase Prices on SBQ, Q&T Bar Products

14 August 2014 - TimkenSteel announced a price increase for SBQ products.

Steel Institute and Others Ramp Up Call for Currency Policy Remedies

14 August 2014 - The American Iron and Steel Institute (AISI) and allied manufacturing groups reiterated their call for strong and enforceable currency manipulation disciplines in all future trade agreements, including the Trans-Pacific Partnership (TPP).

AISI: June Steel Shipments Down 1.3% From May, Up 6.2% From Prior Year

13 August 2014 - The American Iron and Steel Institute (AISI) reported that for the month of June 2014, U.S. steel mills shipped 8,291,823 tons, a 1.3% decrease from the 8,398,976 tons shipped in the previous month, May 2014, and a 6.2% increase from the 7,806,319 tons shipped in June 2013.

WMR Plymouth Earns SHARP Recognition

13 August 2014 - On 1 August 2014, Western Metals Recycling’s Plymouth, Utah recycling facility received the prestigious SHARP (Safety & Health Achievement Recognition Program) designation from the Utah Labor Commission.

Global Metals Deal Activity Rebounds in the Second Quarter of 2014

12 August 2014 - Merger and acquisition (M&A) activity in the global metals sector surged in the second quarter of 2014, showing robust growth from both a sequential and year-over-year basis as companies looked to acquire assets across key industries to strengthen their growth opportunities and drive higher-margin sales, according to PwC US.

U.S. Steel Exports Rise Slightly in June

12 August 2014 - Exports of U.S. steel products held steady in June 2014, as increases to minor trading partners offset decreases to the North American Free Trade Agreement (NAFTA) countries.