Steel News

Schnitzer Provides Outlook for Third Quarter of Fiscal 2014

29 May 2014 - Schnitzer Steel Industries Inc. announced its outlook for its third quarter of fiscal 2014 ending 31 May 2014.

Mechel Announces Change in Management

29 May 2014 - Mechel OAO announced the appointment of Andrey Slivchenko as its new chief financial officer, replacing Stanislav Ploschenko.

SteelBenchmarker: HRB Prices Plateau

28 May 2014 - The bi-monthly SteelBenchmarker™ United States HRB spot price for 26 May 2014 increased 0.9% to US$763 per metric ton after staying flat last time.

Platts Global Metals Awards Laud 2014 Winners’ Innovative & Philanthropic Initiatives

28 May 2014 - Companies and individuals from four continents were honored Wednesday, 21 May 2014 at the 2014 Platts Global Metals Awards for exemplary achievements in the steel, metals and mining industries.

U.S. Graphite Electrode Producers Hail Decision To Extend Duties Against China

28 May 2014 - The U.S. International Trade Commission (ITC) voted to extend the current antidumping order against imports of small diameter graphite electrodes from China for another five years.

U.S. Will Not Sunset Duties on Light-Walled Pipe

28 May 2014 - The U.S. International Trade Commission (USITC) determined that antidumping and countervailing duties on light-walled rectangular pipe and tube from four countries will be continued for another five years.

World Crude Steel Production Up 1.7% in April 2014

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

Alacero Expects Better Outlook for Latin America in the Medium-Term, If Fair Trade Conditions Are Ensured

27 May 2014 - On 13 May 2014 in Bogotá, Colombia, during the semiannual meeting of Alacero’s Board of Directors, presided by Martin Berardi, participants analyzed the current situation of the steel value chain and defined action lines to strengthen the promotion of the industrialization process and to ensure fair trade conditions in the region.

Gerdau Comments on Positive First Quarter Performance

26 May 2014 - Gerdau’s 15.1% increase in consolidated net income in the first quarter of 2014 was due primarily to the effect of the exchange rate from dollars into reals (BRL), intensification in iron ore sales and the larger volume of steel sold on the domestic Brazilian market and in Latin American countries.

SSAB Announces Change in Group's Executive Committee

26 May 2014 - SSAB’s executive vice president & head of Business Area SSAB EMEA, Melker Jernberg, is to leave SSAB on 1 November 2014 to take up the position of president and CEO at Höganäs.

April Service Center Shipments Up in U.S., Down in Canada

23 May 2014 - Growth continued in the United States for both steel and aluminum on a year-over-year basis, according to the Metals Service Center Institute (MSCI). Canadian steel and aluminum shipments declined year over year in April 2014.

Vladimir Dmitriev Appointed General Director of NLMK's Altai-Koks

23 May 2014 - Vladimir Dmitriev has been appointed general director of Altai-Koks (part of NLMK Group), having previously held the position of first deputy general director.

Outokumpu’s UK Rod Mill Wins Occupational Health & Safety Award

23 May 2014 - Outokumpu’s rod mill in Sheffield, UK, has won a gold achievement award in the RoSPA Occupational Health and Safety Awards 2014 for the site’s occupational health and safety management systems and practices.

AISI Says New Report Shows Continued Harm From Unfair Imports

22 May 2014 - The American Iron and Steel Institute (AISI) said a new report ("Surging Steel Imports Put Up to Half a Million U.S. Jobs at Risk") released on 13 May reaffirms that the rising tide of foreign steel imports is harming the U.S. steel industry and diminishing the industry’s ability to fully recover from the recession.

Outokumpu Wins ISSF Sustainability Award

22 May 2014 - A long-term study by Outokumpu’s chief medical officer Markku Huvinen received the Sustainability Award by ISSF (International Stainless Steel Forum) at the ISSF Annual General Meeting in Rome, Italy, on 15 May.

USW: New Study Highlights Threats to U.S. Steel Sector

22 May 2014 - United Steelworkers (USW) international president Leo W. Gerard issued the following statement on the release of a study of the enormous challenges facing the U.S. steel sector from a flood of imports and rising excess global capacity in steel production.

AK Tube Plant Recognized for Outstanding Safety Performance

21 May 2014 - The Walbridge, Ohio, plant of AK Tube LLC, a subsidiary of AK Steel, has been recognized for outstanding safety performance by the Ohio Bureau of Workers’ Compensation, Division of Safety and Hygiene.

ISSF Gives Sustainability Awards to Outokumpu and Nippon Steel & Sumikin Stainless

21 May 2014 - The International Stainless Steel Forum (ISSF) presented its annual Sustainability Awards during the organization’s 18th conference (ISSF-18) held in Rome.

U.S. Charges Chinese Hackers for Cyber Espionage Against U.S. Corporations, Labor Organization

20 May 2014 - A grand jury in the Western District of Pennsylvania (WDPA) indicted five Chinese military hackers for computer hacking, economic espionage and other offenses directed at six American victims in the U.S. nuclear power, metals and solar products industries, including U. S. Steel, Allegheny Technologies Inc., and the United Steelworkers union.

SMDI Honors GM for Innovative Use of AHSS at Great Designs in Steel Seminar

20 May 2014 - For its use of advanced high-strength steel (AHSS), the Steel Market Development Institute (SMDI), a business unit of the American Iron and Steel Institute (AISI), awarded General Motors Co.'s Chevrolet Silverado and GMC Sierra 1500 design team with the 2014 Automotive Excellence Award.