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Latest News

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.

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).

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