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Latest News

SSAB Appoints New Executive Vice President & Head of Communications

26 August 2013 - SSAB has appointed Maria Långberg as its new executive vice president and head of communications and member of the Group Executive Committee from 1 October 2013. Helena Stålnert will leave the company to set up her own business, following the expiration of her current contract.

AISI: Preliminary U.S. Steel Imports Increase 1% in July

26 August 2013 - Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 2,475,000 tons of steel in July, including 1,956,000 tons of finished steel (up 0.6% and 0.9%, respectively, vs. June final data).

MesoCoat Inc. Ranked #15 Fastest-Growing Manufacturer

23 August 2013 - Abakan Inc., an emerging leader in the advanced coatings and metal formulations markets, announced that its portfolio company, MesoCoat Inc., has been recognized by Inc. Magazine as one of the fastest-growing companies in the U.S. and has been ranked 15th in the top 100 fastest-growing manufacturing companies in the U.S. on the annual Inc. 500|5000 list.

Finished Steel Apparent Use in Latin America Remained Stable While Production Fell

23 August 2013 - Finished steel apparent use in Latin America reached 33.1 million tons in January-June 2013, in line with the same period of 2012, according to the region’s steel association Alacero.

Felman Production Announces Layoffs

23 August 2013 - Felman Production, LLC, which temporarily suspended operations on 28 June due to challenging ferrosilicomanganese market conditions, announced it has been forced to lay off approximately 100 employees, effective 31 August 2013.

ThyssenKrupp Steel Europe Reaches Agreement on Subsidiary ThyssenKrupp Rasselstein

23 August 2013 - As part of the “Best-in-Class Reloaded” optimization program at ThyssenKrupp Steel Europe an agreement has now been reached about measures at the subsidiary ThyssenKrupp Rasselstein in Germany.

Peabody Energy Names Glenn Kellow President and Chief Operating Officer

23 August 2013 - Peabody Energy announced that the company has named veteran mining executive Glenn Kellow to the position of president and chief operating officer.  He will report to chairman and chief executive officer Gregory H. Boyce and serve as a member of Peabody's executive leadership team.

Rautaruukki Announces Changes In Its Corporate Executive Board

23 August 2013 - Markku Honkasalo, chief financial officer (CFO) and a member of the Rautaruukki Corporate Executive Board, will leave the company to take up a position outside Ruukki.

Bloomberg: JSW Seeks to Sell U.S. Plant as Demand Revives

22 August 2013 - JSW Steel Ltd., India’s third-biggest steelmaker, will consider selling its U.S. mill complex to help reduce debt and boost earnings as a revival in the world’s biggest economy spurs demand, Bloomberg reports.

Supply Dynamics Named a 2013 'Great Supply Chain Partner' By SupplyChainBrain

22 August 2013 - Supply Dynamics, a leading source of multi-enterprise technology solutions that provide visibility, collaboration, and control of supply in distributed manufacturing environments, announced that it has been selected as one of 2013’s ‘Great Supply Chain Partners’ by SupplyChainBrain, a supply chain management information resource.

Reuters: Steel Group Sees Brazil Steel Output, Sales Down as Economy Slows

21 August 2013 - Brazil's largest steel industry lobbying group on Tuesday cut its estimate for output and sales this year, a sign that mills are grappling with weak domestic demand and the impact of a currency slump on costs, according to a Reuters report.

Agency Rules Galvanized Wire Imports Not Harming Canadian Industry

21 August 2013 - The Canadian International Trade Tribunal found that the dumping and subsidizing of cold-drawn carbon or alloy steel wire originating in or exported from China, Israel and Spain have not caused and are not threatening to cause injury to the domestic industry.

June Steel Shipments Down 3% from May in U.S.

21 August 2013 - The American Iron and Steel Institute (AISI) reported that for the month of June 2013, U.S. steel mills shipped 7,806,319 tons, a 3% decrease from the 8,047,245 tons shipped in the previous month, May 2013, and a 2.6% decrease from the 8,016,834 tons shipped in June 2012.

Canada to Keep Import Duties on Standard Pipe from China

20 August 2013 - After an expiry review of antidumping and countervailing duties on imports of carbon steel welded pipe from China, the Canadian International Trade Tribunal determined the imports were likely to result in injury to the Canadian market; therefore the duties will be maintained.

Global Crude Steel Production Up 2.7% Year-on-Year in July

20 August 2013 - World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 132 million tonnes in July 2013, an increase of 2.7% compared to July 2012.

AISI Applauds ITC Imports Vote in OCTG Trade Case

20 August 2013 - The American Iron and Steel Institute (AISI) applauded the affirmative preliminary injury vote by the International Trade Commission, which allows the AD and CD investigations on OCTG from India, Philippines, Saudi Arabia, South Korea, Taiwan, Thailand, Turkey, Ukraine and Vietnam to move forward.   

AIIS Decries ITC Decision in OCTG Trade Case

20 August 2013 - ITC Commissioners voted to continue cases against all nine countries in the cases brought by the domestic OCTG producers; the American Institute for International Steel decried the decision, noting that trade laws' purpose is not to protect profitable, growing industries.

Salzgitter Flachstahl to Raise Prices by €30 Per Ton

20 August 2013 - Salzgitter Flachstahl GmbH announced it will raise its flat steel prices by € 30 per ton for all new orders as from 1 September 2013.

U. S. Steel President Mario Longhi to Become CEO; John Surma Becomes Executive Chairman

19 August 2013 - United States Steel Corporation's Board of Directors elected president and chief operating officer Mario Longhi as a director, and announced that he will succeed Chairman John P. Surma as chief executive officer effective 1 September 2013. Surma will retain the position of executive chairman through 31 December 2013 when he will retire from the company and from the board of directors.

AISI Comments on U. S. Steel Leadership Changes

19 August 2013 - Commenting on John Surma's retirement from U. S. Steel, the American Iron and Steel Institute said the steel industry in general, and AISI in particular, will forever be indebted to John Surma for his passion, wisdom, commitment and leadership over the past decade as CEO of U.S. Steel.

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