Steel News

TimkenSteel Management Team Discusses Business Strategy and Outlook at Investor Meeting

23 June 2014 - Members of the executive management team of TimkenSteel Corporation hosted an investor meeting on 19 June to share their vision and value-creation strategy for the company in advance of its planned spinoff from The Timken Company

Severstal North America wins national award

23 June 2014 - Severstal North America has been honored for its scrap purchase operations at the Columbus plant

ArcelorMittal takes home “Best Innovation – Process” award at American Metal Market’s fifth annual Awards for Steel Excellence ArcelorMittal Wins “Best Innovation – Process” Award at AMM’s Fifth Annual Awards for Steel Excellence

20 June 2014 - ArcelorMittal proudly accepted the ‘Best Innovation – Process’ award at American Metal Market’s fifth annual Awards for Steel Excellence held June 17 at The Edison Ballroom at New York City.

AK Steel Provides Second Quarter 2014 Guidance

20 June 2014 - AK Steel provided guidance for its second quarter 2014 financial results. AK Steel said it expects to report a net loss of $0.19 to $0.23 per diluted share of common stock, which is a substantial improvement over its first quarter results.

Nucor Announces Guidance For Its Second Quarter Earnings

20 June 2014 - Nucor Corporation (NYSE: NUE) announced today guidance for its second quarter ending July 5, 2014. Nucor expects second quarter results to be in the range of $0.35 to $0.40 per diluted share.

MMFX Hires New Regional Sales Manager

19 June 2014 - MMFX® Steel Corporation of America has appointed Steve Spragale as the new regional sales manager for the Northeast region. Spragale will be responsible for the growth of acceptance, use and marketing of MMFX products throughout the Northeastern U.S. market.

Outokumpu Renews Operational Model and Leadership

19 June 2014 - Outokumpu announced today changes in its operational model and Leadership Team.

Steel Scrap Prices Could Plummet: WSD

19 June 2014 - Global steel scrap prices could "plummet" in the coming months due to sluggish export demand and pressure from lower-priced iron ore and coke, according to two World Steel Dynamics Inc. (WSD) analysts.

POSCO Wins 'World's Most Competitive Steelmaker' Award

18 June 2014 - POSCO received the "World's Most Competitive Steelmaker Award" for the fifth consecutive year from renowned steel market information provider World Steel Dynamics (WSD), the company said Tuesday.

Steel Dynamics Provides Second Quarter 2014 Earnings Guidance and Announces Second Quarter Cash Dividend

18 June 2014 - Steel Dynamics, Inc. (NASDAQ/GS: STLD) today provided second quarter earnings guidance in the range of $0.28 to $0.32 per diluted share.

AMETEK Specialty Metal Products Names Two New Operations Directors

18 June 2014 - Michael Royer Named Operations Director for Hamilton Precision Metals; Frank Bologa Joins AMETEK as Operations Director for Reading Alloys

AISI Releases May SIMA Imports Data, Import Market Share 27 percent in May

12 June 2014 - Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and Steel Institute (AISI) reported today that steel import permit applications for the month of May total 3,950,000 net tons (NT)*.

Siemens Appoints Jürgen Maier as New CEO for the UK

12 June 2014 - Jürgen Maier has been appointed CEO of Siemens' Regional Company in the United Kingdom (UK), effective July 1, 2014.

Alpha Natural Resources Affiliates Recognized for Safety Performance

11 June 2014 - Alpha Natural Resources (NYSE: ANR), a leading U.S. coal supplier, today announced that four of its affiliate operations received the Holmes Safety Award from the state of West Virginia for their safety accomplishments.

2013 World DRI Production Surpasses 75 Million Tons

11 June 2014 - The world’s direct reduction industry grew again in 2013 setting yet another new record for the industry with 75.2 million tons produced, according to data compiled by Midrex Technologies, Inc. and audited by World Steel Dynamics.

Alacero: April 2014: Latin America Second Most Important Destination for Chinese Steel

10 June 2014 - Latin America remains as a preferred destination for Chinese exports.

AIIS: U.S. Steel Exports Grew for Second Month in a Row in April 2014

10 June 2014 - U.S. steel exports grew for the second month in a row in April, expanding 3.8% from March to 1.08 million net tons, the American Institute for International Steel (AIIS) reported.

Vladimir Lisin Re-Elected Chairman of NLMK’s Board of Directors

09 June 2014 - NLMK’s Board of Directors today held its first meeting since the Annual General Shareholders’ Meeting.

USW Promotes Buy American Initiative to Save New York Jobs; Provide Massive Economic Stimulus

09 June 2014 - The United Steelworkers (USW) announced today that they have launched a campaign to urge state lawmakers to co-sponsor and pass Buy American legislation to require all NY State Procurement, such as the Port Authority of NY (PANY) and the Metropolitan Transit Authority (MTA), to abide by Buy American rules in infrastructure projects.

IREPAS: Healthy Demand, but Concerns Persist in Global Long Products Market

09 June 2014 - In its June 2014 Short Range Outlook, IREPAS said demand has continued to improve in the global long steel products market, especially in the Americas and the EU.