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Latest News

Siemens AG Announces Changes in Leadership

02 August 2013 - Joe Kaeser, chief financial officer (CFO) of Siemens AG since 2006, has been designated the new president and CEO of Siemens AG, effective 1 August 2013. A new CFO will be appointed very shortly. The current CEO Peter Löscher resigned his position and is leaving the Managing Board of Siemens AG by mutual consent. These changes were unanimously approved by the Supervisory Board of Siemens AG.

Reuters: U. S. Steel's Locked-Out Canada Workers Reject Contract Proposal

01 August 2013 - Workers locked out at United States Steel Corp's Lake Erie works in Canada have voted to reject the steelmaker's contract proposal, their union said on Wednesday, according to a Reuters report.

Stainless Group Concerned About High Levels of Stainless Bar Imports

31 July 2013 - The Specialty Steel Industry of North America (SSINA) is expressing growing concern over the substantial increase in imports of stainless steel bar. 

AK Steel Announces Stainless Steel Price Increase

30 July 2013 - AK Steel is increasing base prices for 200, 300 and 400 series flat rolled stainless steel products, effective with shipments on 1 August 2013. 

Alloy Steel International Advises Changes to CEO and Board

30 July 2013 - Alloy Steel International, Inc. announced that all directors were re-elected at the company's 2013 AGM held on 28 June 2013. Mr. Gene Kostecki advised the Board that he is resigning as CEO and technical director with immediate effect to allow him to pursue other interests.

U.S. Commerce Department Begins Unfair Trade Investigations of Steel Threaded Rod Imports

30 July 2013 - The Department of Commerce announced the initiation of antidumping duty  investigations of imports of steel threaded rod from India and Thailand and a countervailing duty investigation of imports of steel threaded rod from India.

MMFX Steel Continues Growth of Regional Support

29 July 2013 - MMFX Steel Corp. of America continues to expand regional support for its uncoated corrosion-resistant and high-strength reinforcing steel products with the addition of Jack Schimpf as a new regional sales manager.

Broner Metals Solutions Names Global Sales Director

29 July 2013 - Broner Metals, global leader in software solutions for steel and aluminium supply chain, planning and scheduling, and manufacturing execution systems (MES), has named Mark Ferguson as its new global director of sales.

U.S. Commerce Department Begins Unfair Trade Investigation of OCTG Imports

29 July 2013 - The U.S. Department of Commerce (Commerce) has initiated antidumping duty investigations of imports of certain oil country tubular goods (OCTG) from India, the Republic of Korea, the Republic of the Philippines, Saudi Arabia, Taiwan, Thailand, the Republic of Turkey, Ukraine, and the Socialist Republic of Vietnam and countervailing duty investigations of imports of OCTG from India and the Republic of Turkey

SteelBenchmarker: Most HRB Prices Move Upward

26 July 2013 - The bi-monthly SteelBenchmarker™ report shows China, U.S. and World export HRB prices moving upwards, but Western Europe HRB prices moving down slightly.

Ukranian President Awards Metinvest Employees

26 July 2013 - Viktor Yanukovych, the president of Ukraine, gave Metinvest CEO Igor Syry and Northern Iron Ore Enrichment Works general director Andrey Levitsky each the honorary title of “Honored Employee of Ukrainian Industry.”

Nucor Employee Receives ASTM International Boedecker Award for Contribution to Iron and Steel Standards

25 July 2013 - Daniel Edelman, UCS development metallurgist at Nucor Corp., Crawfordsville, Ind., has received the Kenneth J. Boedecker Jr. Distinguished Service Award for his exemplary contributions to ASTM International Committee A05 on Metallic-Coated Iron and Steel Products.

Edwards Boosts Local U.S. Presence

25 July 2013 - Edwards Group Limited, a leading manufacturer of sophisticated vacuum products and abatement systems and a global provider of related value-added services, announced the addition of three new senior U.S. team members, each experts in the practical application of vacuum technology in manufacturing processes.

Alabama State Port Authority to Expand, Build New $36 Million Steel Terminal

25 July 2013 - A new US$36 million steel terminal will be constructed on the north side of the port, officials with the Alabama State Port Authority said early Wednesday, which will expand the port’s ability to handle steel coil at the main docks complex, according to the Mobile Press-Register.

AK Steel Announces Price Increase for Carbon Steel Products

25 July 2013 - AK Steel has increased current spot market base prices for all carbon flat-rolled steel products by a minimum of US$25 per ton.

AIIS: U.S. Steel Imports Plummet 14% in June

25 July 2013 - Steel imports declined 14% in June compared to May according to preliminary government reporting analyzed by the American Institute for International Steel (AIIS).

Q&A with POSCO's Joon Yang Chung, AIST 2013 Steelmaker of the Year

24 July 2013 - Joon Yang Chung, chairman and chief executive officer of POSCO, was named AIST 2013 Steelmaker of the Year. He recently spoke with Iron & Steel Technology about his extensive career and the company’s path for the future.

U.S. Preliminary Steel Imports Drop 14% in June

24 July 2013 - Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 2,442,000 tons of steel in June, including 1,956,000 tons of finished steel (down 14% and 9%, respectively, vs. May final data).

Outokumpu Appoints New Chief Financial Officer

24 July 2013 - Outokumpu is appointing Reinhard Florey as executive vice president and chief financial officer as of 1 November 2013.

Essar Steel Algoma Announces Investor Relations Appointment

24 July 2013 - Essar Steel Algoma Inc. announced the appointment of Flora Wood to lead investor relations, effective immediately. 

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