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Latest News

ArcelorMittal CEO Meets Romania's Leaders to Voice Energy Price Concerns

24 May 2013 - ArcelorMittal chairman and CEO Lakshmi N. Mittal met the Romanian president and prime minister on a one-day visit to the country last week. Discussions centred on the Romanian steel industry and the challenges facing it — including high energy prices.

AISI: Preliminary Steel Imports Increase 4% in April

24 May 2013 - Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 2,680,000 tons of steel in April, including 2,087,000 tons of finished steel (up 4% and 1%, respectively, vs. March final data).

AISI Announces 2013 Institute Medal Winners

24 May 2013 - The American Iron and Steel Institute (AISI) awarded its highest technical award, the 2013 Institute Medal, to four industry authors for their winning paper, “Effects of Deformation Behavior and Processing Temperature on the Fatigue Performance of Deep-Rolled Medium Carbon Bar Steels.”

International Stainless Steel Forum Elects New Officers

24 May 2013 - The International Stainless Steel Forum (ISSF) has elected new office bearers during the organization’s 17th Annual Conference (ISSF-17) which was held in New Orleans, La., from 15–16 May.

Severstal Awarded for Contribution to the Development of Entrepreneurship in Russia

24 May 2013 - ОАО Severstal has been named the winner in the Best Corporate Program for the Development of Social Entrepreneurship category at the Welfare Impulse awards.

Paul WURTH Reports Good Performance in a Gloomy Economic Environment

23 May 2013 - Paul WURTH provided an update on its operations and earnings results for the 2012 financial year, as well as an update on the company's outlook.

AK Steel Announces Price Increase for Carbon Steel Products

23 May 2013 - AK Steel said today that it will increase current spot market base prices for all carbon flat-rolled steel products by a minimum ofUS$50 per ton, effective immediately with new orders.   

GE and Manufacturing Institute Expand Skills Training Program for U.S. Veterans

23 May 2013 - GE, in collaboration with the Manufacturing Institute and the National Association of Manufacturers, announced that 190 new manufacturers have joined the Get Skills to Work (GSTW) coalition. The increase of employers participating in the initiative will further expand career opportunities for U.S. veterans in advanced manufacturing.

Tata Steel Reports Consolidated Financial Results

23 May 2013 - As it reported its quarterly earnings results, Tata Steel says severely depressed conditions in Europe are expected to continue over the short-to-medium term and have led to a downward revision of cash flow expectations and the valuation of the Groups’ European operations.

AISI Applauds Presidential Executive Order on Infrastructure

22 May 2013 - The American Iron and Steel Institute (AISI) sent a letter to President Obama applauding his recent signing of Presidential Memorandum implementing Executive Order 13604 to expedite the approval process for infrastructure projects in the U.S.

World Crude Steel Production Up 1.2% in April

22 May 2013 - World crude steel production for the 63 countries reporting to the World Steel Association (worldsteel) was 132 million tonnes in April 2013, an increase of 1.2% compared to April 2012.

Korean Metallurgist Nominated for 2013 European Inventor Award for Sustainable Steel Production Invention

22 May 2013 - Korean scientist and metallurgist Sanghoon Joo of POSCO, who developed a new energy-efficient, cleaner and faster method of producing steel, has been nominated for the European Inventor Award 2013.

Arch Coal Foundation Awards Scholarships to 16 High School Graduates

22 May 2013 - The Arch Coal Foundation announced that 16 recent high school graduates have been chosen as 2013 Arch Coal Scholars.

Outokumpu Unveils New Vision, Prodcts and Pricing Model; Comments on Its Strategy Progress

22 May 2013 - At Outokumpu Experience, the company’s global event in London for customers, partners and analysts, Outokumpu launched its latest addition to the duplex product family, the FDX platform, introduced a new pricing model and commented on its strategy progress and the Terni divestment process.

Severstal CEO Awarded for Contribution to Latvian Economic Advancement

22 May 2013 - Alexey Mordashov, CEO of OAO Severstal, has been awarded with the Cross of Recognition, Degree III, which is one of Latvia’s highest honors, in recognition of his contribution to Latvia’s economic development.

Sandvik Materials Technology Appoints New Head of Product Area Tube

22 May 2013 - Sandvik Materials Technology has appointed Michael Andersson as the new head of Product Area Tube.

Evraz Returns to Black as Q1 Sales Rise

22 May 2013 - Evraz Highveld Steel and Vanadium reported a return to profitability as it delivered a first quarter profit after suffering significant losses during the first and fourth quarters of 2012.

JSW Ispat Reports Rs 159.33 Crore Net Profit in Q4

21 May 2013 - Helped by deferred tax benefits of Rs 159.33 crore, JSW Ispat Steel, an associate firm of JSW Steel, today reported a standalone net profit of Rs 94.16 crore for the fourth quarter ended March 2013.

Severstal Q1 Net Profit Falls Almost 90% on Lower Prices

21 May 2013 - Russian steelmaker Severstal's IFRS net profit fell 89.7 percent year-on-year in January-March 2013 to $44 million, the company said on Monday, citing weaker demand and lower realized prices as contributing factors.

Novolipetsk 1Q Net Profit Falls 78%, Sees Ongoing Challenges

20 May 2013 - Russian steelmaker Novolipetsk Iron & Steel Corp. (NLMK.RS) said Friday its first-quarter net profit fell 78% on the year earlier to $38 million, noting that challenges in the global steel market remain.

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