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Latest News

World Steel Association Publishes 2012 Edition of World Steel in Figures

03 June 2012 - The World Steel Association (worldsteel) has published the 2012 edition of World Steel in Figures. The book contains comprehensive information on crude steel production, apparent steel use, pig iron production, steel trade, iron ore production and trade, and scrap trade.

Posco Honored by Korea Herald Business

03 June 2012 - Posco was ranked first as Korea’s “nicest company,” determined through a survey conducted by the Korea Herald Business.

SKF Selected as 2011 Supplier of the Year by General Motors

31 May 2012 - General Motors has awarded the company’s Supplier of the Year award to SKF Sealing Solutions Korea Co., Ltd. for the third consecutive year.

Severstal Wins Best Corporate Development Strategy Award

29 May 2012 - OAO Severstal has been named the winner in the Best Corporate Development Strategy category at the annual awards hosted by RCB Group and the investor.ru portal, for its strategy to achieve a top five industry position by EBITDA through sustained high margins and returns on investment in 2011.

Sandvik Engineers Awarded 2012 Wilhelm Haglund Medal

29 May 2012 - Three engineers from Sandvik Materials Technology—Bertil Waldén, Ivan Machacek, and Lars Östlund—were awarded the 2012 Wilhelm Haglund Medal recognizing their contributions in the development of umbilical tubes in advanced stainless steel.

Commerce Preliminarily Finds Dumping of Welded Pipe Imports from Four Countries

25 May 2012 - The Department of Commerce announced its affirmative preliminary determinations in the antidumping duty investigations of imports of circular welded carbon-quality steel pipe from India, Vietnam, Oman, and the United Arab Emirates.

Baosteel Wins Awards in Paris International Invention Exhibition

25 May 2012 - Baosteel had nine projects participating in the recently concluded 111th Paris International Invention Exhibition, and was recognized with three gold, four silver, and two bronze awards.

Continued Surge Pushes Preliminary Finished Steel Imports up 5% in April

24 May 2012 - The U.S. imported a total of 2,997,000 net tons of steel in April, down 2% from March final data according to the latest report from AISI. Finished steel imports were up 5% through the same period.

Posco Selected as Most Admired Korean Company

23 May 2012 - Posco ranked first as the Most Admired Korean Company in 2012 after Fortune Korea and the Sungkyunkwan University Management Research Institute applied Fortune’s “Most Admired Company” survey method to Korean companies.

April World Crude Steel Production up 1.2% vs. April 2011

22 May 2012 - World crude steel production for the 62 countries reporting to the World Steel Association stood at 128.38 million tonnes for April 2012, 1.2% higher in comparison with April 2011 and 2.9% lower than the previous month, March 2012.

New Officers Elected During ISSF-16 in Beijing

22 May 2012 - The International Stainless Steel Forum (ISSF) elected new office bearers during the organization’s 16th Annual Conference (ISSF-16) recently held in Beijing, China. Joon-Sik Kim, Senior Executive Vice President and Head of the Stainless Steel Business Division of Posco, was elected Chairman of ISSF for a one-year term.

ISSF Announces 2012 Sustainability Award Winners

21 May 2012 - The International Stainless Steel Forum (ISSF) has announced the three winners of its 2012 Sustainability Award: Aperam (France), Nippon Metal Industry Co., Ltd. (Japan), and Taiyuan Iron & Steel Group Co. Ltd. - TISCO (China).

SSINA Releases February 2012 Market Data

21 May 2012 - Imports of total stainless steel in YTD February 2012 were 127,795 tons, a 0.7% increase compared to YTD February 2011, according to recently released statistical data from the Specialty Steel Industry of North America (SSINA).

NLMK Wins IR Global Rankings’ Best Financial Disclosure Award

21 May 2012 - IR Global Rankings has awarded NLMK for the “Best Financial Disclosure” category in Europe as part of 2012 Best Ranked Companies in North America and Europe.

Canadian Trade Tribunal Initiates Inquiry into Welded Carbon Steel Pipe

18 May 2012 - The Canadian International Trade Tribunal initiated a preliminary injury inquiry into a complaint by Novamerican Steel Inc. and Bolton Steel Tube Co. Ltd. that they have suffered injury as a result of the dumping of certain carbon steel welded pipe from Chinese Taipei, the Republic of India, the Sultanate of Oman, the Republic of Korea, Thailand, the Republic of Turkey, and the United Arab Emirates, and the subsidizing of these goods from the Republic of India, the Sultanate of Oman, and the United Arab Emirates.

March Steel Shipments up 1.3% from February

17 May 2012 - U.S. steel mills shipped 8,512,825 net tons for the month of March 2012, a 1.3% increase from the 8,407,343 net tons shipped in the previous month according to the latest release from AISI.

Service Center Shipments Show Small Bounce Back in April

16 May 2012 - April service center shipments of aluminum and steel were up slightly in both the U.S. and Canada, an improvement from the year-over-year declines seen in March, according to the latest report from the Metals Service Center Institute.

USITC to Uphold Antidumping Orders on Tin- and Chromium-Coated Steel Sheet from Japan

16 May 2012 - The U.S. International Trade Commission has determined that revoking the existing antidumping duty order on tin- and chromium-coated steel sheet from Japan would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time.

Canadian Agency to Investigate Dumping, Subsidizing of Carbon Steel Welded Pipe

15 May 2012 - The Canada Border Services Agency is initiating investigations into the alleged injurious dumping of carbon steel welded pipe. The Agency is also initiating investigations into the alleged injurious subsidizing of some carbon steel welded pipe from the Republic of India, the Sultanate of Oman and the United Arab Emirates.

SSINA Reports Continued Surges in Electrical Steel Imports

14 May 2012 - The Specialty Steel Industry of North America is expressing concern about surging imports of grain-oriented electrical steel, which is showing the potential for significant import increases for both value and quantity, based on year-to-date imports through March 2012.

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