Steel News

worldsteel Announces Nominations for 5th Steelie Awards

29 September 2014 - The World Steel Association (worldsteel) has announced the nominees for its 5th Steelie Awards.

ASTM International Steel Committee Presents Top Award to Malcolm Blair

29 September 2014 - ASTM International Committee A01 on Steel, Stainless Steel and Related Alloys has presented it most prestigious award to Malcolm Blair, a consultant to the Steel Founders’ Society of America (SFSA) who is based in Murrieta, Calif.

Essar Steel Algoma Reports Turning Performance Around

29 September 2014 - Essar Steel Algoma Inc. announced guidance for the second quarter FY2015 ending 30 September 2014. The announcement comes on the heels of the Ontario Superior Court of Justice’s 15 September 2014 approval of Algoma’s Plan of Arrangement, which paves the way for a comprehensive recapitalization and refinancing of the company’s capital structure.

AISI: Preliminary Steel Imports Decrease 5% in August

26 September 2014 - Based on preliminary U.S. Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 3,667,000 tons of steel in August, including 2,768,000 tons of finished steel (down 5.0% and 10.2%, respectively, vs. July final data).

Joint Project of SMS Siemag, Salzgitter Nominated for President’s German Future Award 2014

26 September 2014 - The Federal President’s Office has nominated three innovation projects for the German Future Award 2014 – Federal President’s Award for Technology and Innovation, including the joint project “Horizontal Thin Strip Casting of Steel” conducted by Salzgitter Flachstahl GmbH, SMS Siemag AG, and the Technical University of Clausthal.

AIIS: U.S. Steel Imports Slip to 3.67 Million Tons in August

26 September 2014 - U.S. steel imports in August 2014 remained well above their level of a year earlier, even as they dipped below the July numbers, according to analysis from the American Institute for International Steel (AIIS).

U.S. Electrical Steel Producers Pleased with Dumping Margins Set in Trade Case

25 September 2014 - The US Department of Commerce (DOC) announced the final antidumping margins on grain oriented electrical steel (GOES) imported into the U.S. from the Czech Republic, as follows:

Mill Steel Strengthens Executive Staff, Reorganizes Sales Management Team

25 September 2014 - Mill Steel Co., a flat-rolled steel service center, announced three promotions, consistent with the company's commitment to build and maintain its dynamic executive and management teams, in support of an expanding presence in the marketplace.

EUROFER Announces Change in Management

25 September 2014 - In the context of the appointment of a new European Commission and the election of a new European Parliament, EUROFER has decided on a transition to a new leadership: Gordon Moffat, current director general is leaving the association.

North American Service Center Shipments Stagnant in August

23 September 2014 - Steel and aluminum shipments were essentially flat or declined by small percentages at both U.S. and Canadian service centers, the Metals Service Center Institute (MSCI) reports. Inventory increased across the board.

Global Steel Production Rose 1.4% Y-o-Y in August

22 September 2014 - World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 135 million metric tons in August 2014, an increase of 1.4% compared to August 2013.

Electrical Steel Producers Appeal ITC Decision in Trade Case

22 September 2014 - U.S. producers of grain-oriented electrical steel (GOES) have filed an appeal of the negative decision on “material injury” by the U.S. International Trade Commission (ITC).

ISSF: Stainless Steel Production Up 10.6% in the First Half of 2014

22 September 2014 - The International Stainless Steel Forum (ISSF) released figures for the first half of 2014 showing that stainless steel melt shop production increased by 10.6% year–on–year to 20.9 million metric tons.

SDI Provides Q3 2014 Earnings Guidance

19 September 2014 - Steel Dynamics Inc. provided third quarter 2014 earnings guidance, noting that demand trends for key steel-consuming end markets is expected to remain favorable, as strength in automotive, manufacturing, energy and construction markets continue to improve.

Cliffs Natural Resources Appoints Olympic Steel CEO to Board of Directors

19 September 2014 - Cliffs Natural Resources Inc. has appointed Michael D. Siegal to its Board of Directors, effective immediately.

Air Products Recognized for Sustainability Leadership by Dow Jones Indexes

19 September 2014 - Air Products has again achieved a leadership position among the top 10% of companies in its industry as a component of the Dow Jones Sustainability World Index (DJSI) 2014/2015, a gold standard benchmark for corporate sustainability performance.

Nucor Announces Guidance for Q3 Earnings

18 September 2014 - Nucor Corporation announced guidance for its third quarter ending 4 October 2014.

U. S. Steel Announces Strategic Actions to Strengthen Company; Updates Q3 Outlook

17 September 2014 - United States Steel Corporation announced three key strategic actions that support its transformation:

Paul Wurth Announces Resignation of CEO, Names Succesor

17 September 2014 - Marc Solvi, CEO of Paul Wurth S.A. since 1 January 1998, will resign from his function as of 31 December 2014 but remain a member of the company’s Board of directors.

SMA Comments on ITC Hearing on Rebar Trade Case

17 September 2014 - The Steel Manufacturers Association (SMA) commented on the U.S. International Trade Commission (ITC) hearing on 15 September 2014, the final phase of antidumping and countervailing duty investigations on steel concrete reinforcing bar from Turkey and Mexico.