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Latest News

American Iron and Steel Institute Releases 2011 Annual Statistical Report

15 June 2012 - The American Iron and Steel Institute announced the release of its 2011 Annual Statistical Report, which provides statistical data for the United States steel industry plus a variety of selected statistical data on the Canadian, Mexican and world steel industries.

World Stainless Production Shrank Slightly in First Quarter

14 June 2012 - The International Stainless Steel Forum (ISSF) released preliminary data showing that stainless steel production shrank by 2.8% in the first three months of 2012. Total production was 8.6 million tonnes for the quarter, down from 8.8 million tonnes in the corresponding period of 2011. All areas showed a decrease in production in the year-on-year comparison.

USITC Upholds Import Duties on Certain Pipe and Tube After Five-Year Sunset Review

14 June 2012 - The U.S. International Trade Commission (USITC) determined that revoking the existing countervailing duty order on certain circular welded pipe and tube from Turkey and the antidumping duty orders on these products from Brazil, India, Korea, Mexico, Taiwan, Thailand, and Turkey would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time.

Nucor Announces Guidance for Its Second Quarter Earnings

13 June 2012 - Nucor Corporation announced guidance for its second quarter ending June 30, 2012. Nucor expects second quarter results to be in the range of US$0.35 to $0.40 per diluted share. This performance, excluding an expected impairment charge, is somewhat below the qualitative guidance presented in its first quarter earnings release and conference call.

Canacero Monitoring Unfair Steel Imports into Mexico

13 June 2012 - Mexico's steel and iron ore association, Canacero, has started to monitor steel imports through a new program which aims to detect and fight unfairly undervalued transactions.

Mechel Reports New Management Appointments

13 June 2012 - Mechel OAO has appointed Sergei Zhilyakov as the CEO of Mechel Ferroalloys Management OOO. The predecessor at this post, Gennady Ovchinnikov, was appointed CEO of Donetsk Electrometallurgical Plant, also part of Mechel.

2011–2013 FeMET, StEEL and Premier Scholarships Awarded

12 June 2012 - The American Iron and Steel Institute (AISI) and the Association for Iron & Steel Technology Foundation's "Ferrous Metallurgy Education Today," or FeMET Initiative, and "Steel Engineering Education Link," or StEEL Scholarship program, both aimed at attracting top talent to the North American steel industry, have awarded scholarships of US$5,000 to third-year students from leading North American colleges for the 2011–2013 academic years.

Essar Steel Wins CSE Green Rating Award

08 June 2012 - The Three Leaves Award, instituted by the Centre for Science and Environment’s (CSE) Green Rating Project (GRP), was presented to Essar Steel Ltd., Hazira, Gujarat, in New Delhi on 4 June 2012.

Sandvik R&D Head Appointed Visiting Professor at Shanghai University

07 June 2012 - Olle Wijk, executive vice president and head of R&D for Sandvik Materials Technology, also chairman of Sandvik AB's R&D board, was appointed visiting professor at Shanghai University.

India’s Stainless Consumption Expected to Hit 3.4 Million Tons by 2015

07 June 2012 - It is expected that India’s stainless steel consumption will rise at a compounded annual growth rate of 9.7% to hit 3.4 million tons by 2015, exceeding the global consumption growth rate of 6% to 34.12 million tons.

NDRC Issues Operating Results for Chinese Steel Industry, January to April

07 June 2012 - According to China National Development and Reform Commission, in April this year China overall output of crude steel increased by 2.6% YoY, with the growth rate down 4.5 percentage points as compared with April 2011.  In the same month, China finished steel output increased by 7.9% YoY, with the growth rate down 0.4 percentage points YoY.

Finished Steel Imports in May Were Near 2012 Peak Monthly Level; Import Market Share Remains at 24%

06 June 2012 - Based on the U.S. Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and Steel Institute (AISI) reported today that steel import permit applications for the month of May totaled 2,895,000 net tons (NT).

Stockholders Re-Elect Seven Incumbents to TMS International Corp. Board of Directors

06 June 2012 - The stockholders of TMS International Corp., the parent company of Tube City IMS Corp., re-elected seven incumbents to the company's Board of Directors at its annual stockholder meeting today in Pittsburgh, Pa.

AK Tube Plant Recognized for Outstanding Safety Performance

03 June 2012 - The Walbridge, Ohio, plant of AK Tube LLC, a subsidiary of AK Steel, has been recognized for outstanding safety performance by the Ohio Bureau of Workers' Compensation, Division of Safety and Hygiene.

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.

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