Steel News

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.

Salzgitter AG update on Q1 2013 performance

17 May 2013 - In the first three months of 2013, the performance of the Salzgitter Group was overshadowed by persistently unfavorable general economic conditions in Europe.

Austria's Voestalpine on track to hit earnings forecast

17 May 2013 - Austrian steelmaker Voestalpine is on track to hit earnings before interest and tax (EBIT) of about 800 million euros ($1.03 billion) for 2012/13, up from 704 million last year, Chief Executive Wolfgang Eder said.

Steel Industry Names William Heenan As Recipient Of 2013 SMDI Lifetime Achievement Award

17 May 2013 - The Steel Market Development Institute (SMDI) announced that William M. Heenan, Jr. is the recipient of the 2013 Steel Market Development Institute Lifetime Achievement Award.

Kennametal Young Engineers Present Products for the Future

16 May 2013 - Eighteen students from Kennametal's Young Engineers Program in Latrobe, Pa., showed-off their engineering, manufacturing and marketing talents, presenting innovative products they invented as part of a class project for the program.

CSN announces Q1 2013 results

16 May 2013 - Brazilian flat-steel maker Companhia Siderurgica Nacional (SID, CSNA3.BR), or CSN, late Wednesday reported a drop of 82% in its first-quarter net profit, due to the rise of its costs in the period.

ThyssenKrupp Meets Operating Targets in First Half of 2012/2013

15 May 2013 - In the 1st half of the 2012/2013 fiscal year (October 01, 2012 – March 31, 2013) ThyssenKrupp achieved order intake from continuing operations of €19.3 billion, down 7% year-on-year.

Salzgitter's Loss Widens in 1Q, Expects No Significant Improvement

15 May 2013 - Germany-based steelmaker Salzgitter Group has issued its financial results data for the first quarter of the current year, stating that the performance of the company was overshadowed by persistently unfavorable general economic conditions in Europe.