Steel News

Cliffs Natural Resources and USW Reach New Labor Agreement for Bloom Lake Mine

30 August 2013 - Cliffs Natural Resources Inc. announced that the United Steelworkers Union local membership have ratified a three-year labor contract agreement for its Bloom Lake Mine in Fermont, Quebec.

Esmark Announces Management Changes; Delays Restart of Ohio Mill Operations

29 August 2013 - Esmark Inc. announced management changes for its Esmark Steel Group subsidiary to better serve its diverse customer base and streamline service center and mill operations in Chicago and Ohio, respectively. As part of the management realignment, Esmark Inc. chairman and CEO James P. Bouchard will reassume CEO duties of Esmark Steel Group.

SteelBenchmarker: Hot Rolled Band Prices Taper Off

28 August 2013 - The latest SteelBenchmarker™ HRB prices show China and world export prices up 1.2% to 0.7%, U.S. prices flat and Western Europe down 1.0% from two weeks earlier.

Canada Agency Says Removing Import Duties on Hot Rolled Plate Would Lead to More Dumping

28 August 2013 - In an expiry review, the Canada Border Services Agency has determined that allowing antidumping duties on hot rolled steel plate imports from Bulgaria, the Czech Republic and Romania to expire would be likely to lead to continued dumping.

UAW Members Ratify Labor Agreement for AK Steel's Rockport Works

28 August 2013 - AK Steel said that members of the United Auto Workers Local 3044 have ratified a four-year labor agreement covering about 195 hourly production employees at the company's Rockport, Ind., Works.

SteelBenchmarker: HRB Prices Taper Off

28 August 2013 - The latest SteelBenchmarker™ HRB prices show China and world export prices up 1.2% to 0.7%, U.S. prices flat and Western Europe down 1.0% from two weeks earlier.

Ruukki to Initiate Employer-Employee Negotiations at Kalajoki Unit

27 August 2013 - Ruukki Building Systems is to initiate employer-employee negotiations concerning redundancies in its Kalajoki unit in Finland for reasons related to production, finance and reorganizing the operations.

Schnitzer Steel Provides Outlook for Fourth Quarter of Fiscal 2013

27 August 2013 - Schnitzer Steel Industries, Inc. announced its outlook for its fourth quarter of fiscal 2013 ending 31 August 2013, nothing that export demand for recycled metals weakened versus the third quarter as reflected by lower shipped volumes and lower average sales prices.

AIIS: Imports Inch Up in July as Market Remains Weak Compared to 2012

27 August 2013 - U.S. steel imports increased in July compared to June by 0.6% according to preliminary data released by the government and analyzed by the American Institute for International Steel (AIIS).

AIST Foundation Announces Junior Faculty Award to Honor Dr. Kent D. Peaslee

26 August 2013 - The Association for Iron & Steel Technology (AIST) Foundation has announced a new award to honor the legacy of the recent AIST president who passed away unexpectedly in May 2013.

Preliminary U.S. Steel Imports Increase 1% in July

26 August 2013 - Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 2,475,000 tons of steel in July 2013, including 1,956,000 tons of finished steel (up 0.6% and down 0.9%, respectively, vs. June final data).

SSAB Appoints New Executive Vice President & Head of Communications

26 August 2013 - SSAB has appointed Maria Långberg as its new executive vice president and head of communications and member of the Group Executive Committee from 1 October 2013. Helena Stålnert will leave the company to set up her own business, following the expiration of her current contract.

AISI: Preliminary U.S. Steel Imports Increase 1% in July

26 August 2013 - Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 2,475,000 tons of steel in July, including 1,956,000 tons of finished steel (up 0.6% and 0.9%, respectively, vs. June final data).

MesoCoat Inc. Ranked #15 Fastest-Growing Manufacturer

23 August 2013 - Abakan Inc., an emerging leader in the advanced coatings and metal formulations markets, announced that its portfolio company, MesoCoat Inc., has been recognized by Inc. Magazine as one of the fastest-growing companies in the U.S. and has been ranked 15th in the top 100 fastest-growing manufacturing companies in the U.S. on the annual Inc. 500|5000 list.

Finished Steel Apparent Use in Latin America Remained Stable While Production Fell

23 August 2013 - Finished steel apparent use in Latin America reached 33.1 million tons in January-June 2013, in line with the same period of 2012, according to the region’s steel association Alacero.

Felman Production Announces Layoffs

23 August 2013 - Felman Production, LLC, which temporarily suspended operations on 28 June due to challenging ferrosilicomanganese market conditions, announced it has been forced to lay off approximately 100 employees, effective 31 August 2013.

ThyssenKrupp Steel Europe Reaches Agreement on Subsidiary ThyssenKrupp Rasselstein

23 August 2013 - As part of the “Best-in-Class Reloaded” optimization program at ThyssenKrupp Steel Europe an agreement has now been reached about measures at the subsidiary ThyssenKrupp Rasselstein in Germany.

Peabody Energy Names Glenn Kellow President and Chief Operating Officer

23 August 2013 - Peabody Energy announced that the company has named veteran mining executive Glenn Kellow to the position of president and chief operating officer.  He will report to chairman and chief executive officer Gregory H. Boyce and serve as a member of Peabody's executive leadership team.

Rautaruukki Announces Changes In Its Corporate Executive Board

23 August 2013 - Markku Honkasalo, chief financial officer (CFO) and a member of the Rautaruukki Corporate Executive Board, will leave the company to take up a position outside Ruukki.

Bloomberg: JSW Seeks to Sell U.S. Plant as Demand Revives

22 August 2013 - JSW Steel Ltd., India’s third-biggest steelmaker, will consider selling its U.S. mill complex to help reduce debt and boost earnings as a revival in the world’s biggest economy spurs demand, Bloomberg reports.