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Latest News

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.

Severstal North America Announces Executive Leadership Changes

20 May 2013 - Severstal North America announced that effective 1 June Ronald Kostyo is appointed vice president and general manager, Severstal Dearborn; effective 10 June Madhu Ranade is appointed vice president and general manager, Severstal Columbus; and effective immediately Michael Tuomey will serve as interim chief financial officer.

Reliance's Hannah Appointed Chairman of MSCI

20 May 2013 - The Metals Service Center Institute (MSCI) announced that David H. Hannah, chairman and chief executive officer of Reliance Steel & Aluminum Co., has been elected chairman of the board for the MSCI effective 1 July.

AK Steel's Coshocton Works Recognized for Outstanding Safety Performance

20 May 2013 - AK Steel's (NYSE: AKS) Coshocton (Ohio) Works has been recognized for outstanding safety performance by the Ohio Bureau of Workers' Compensation, Division of Safety and Hygiene.

AIST Mourns the Passing of Dr. Kent D. Peaslee

18 May 2013 - Dr. Kent D. Peaslee, the F. Kenneth Iverson Chair of Steelmaking Technology and Curators’ Teaching Professor of Metallurgical Engineering at Missouri University of Science and Technology, passed away unexpectedly on 17 May 2013 at age 56.

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