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Latest News

UAW Members Ratify Labor Agreement for AK Steel's Rockport Works

28 August 2013 - AK Steel said that members of the United Auto Workers Local 3044 have ratified a four-year labor agreement covering about 195 hourly production employees at the company's Rockport, Ind., Works.

SteelBenchmarker: HRB Prices Taper Off

28 August 2013 - The latest SteelBenchmarker™ HRB prices show China and world export prices up 1.2% to 0.7%, U.S. prices flat and Western Europe down 1.0% from two weeks earlier.

Ruukki to Initiate Employer-Employee Negotiations at Kalajoki Unit

27 August 2013 - Ruukki Building Systems is to initiate employer-employee negotiations concerning redundancies in its Kalajoki unit in Finland for reasons related to production, finance and reorganizing the operations.

Schnitzer Steel Provides Outlook for Fourth Quarter of Fiscal 2013

27 August 2013 - Schnitzer Steel Industries, Inc. announced its outlook for its fourth quarter of fiscal 2013 ending 31 August 2013, nothing that export demand for recycled metals weakened versus the third quarter as reflected by lower shipped volumes and lower average sales prices.

AIIS: Imports Inch Up in July as Market Remains Weak Compared to 2012

27 August 2013 - U.S. steel imports increased in July compared to June by 0.6% according to preliminary data released by the government and analyzed by the American Institute for International Steel (AIIS).

AIST Foundation Announces Junior Faculty Award to Honor Dr. Kent D. Peaslee

26 August 2013 - The Association for Iron & Steel Technology (AIST) Foundation has announced a new award to honor the legacy of the recent AIST president who passed away unexpectedly in May 2013.

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 2013, including 1,956,000 tons of finished steel (up 0.6% and down 0.9%, respectively, vs. June final data).

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.

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