Steel News

Patriot Coal and UMWA Reach Consensual Agreement

13 August 2013 - Patriot Coal Corporation announced that its signatory subsidiaries have reached a consensual agreement with the United Mine Workers of America regarding their collective bargaining agreements and the provision of healthcare benefits for UMWA-represented retirees. 

Report: Senior Management at ArcelorMittal India Quit

12 August 2013 - ArcelorMittal is facing an exodus of senior management at its India office, with about 20 top executives, including its CEO for greenfield projects, Sanak Mishra, quitting, The Indian Express is reporting.

U.S. Agency Votes to Continue Trade Case on Steel Threaded Rod from India and Thailand

12 August 2013 - The United States International Trade Commission determined that there is a reasonable indication that a U.S. industry is materially injured by reason of imports of certain steel threaded rod from India and Thailand that are allegedly sold in the U.S. at less than fair value and alleged to be subsidized by the Government of India.

Report: Gerdau to Idle Cambridge, Ontario, Melt Shop

12 August 2013 - The steel company Gerdau, headquartered in Rio de Janeiro, has announced plans to idle the melt shop at its Cambridge, Ontario, steel mill complex, according to Recycling Today.

USW, AK Steel Reach Tentative Agreement at Ashland, Ky., Plant

12 August 2013 - The United Steelworkers (USW) have reached a tentative agreement on a new contract with AK Steel covering 860 workers at the steelmaker's Ashland, Ky., facilities.

Essar Steel Appoints New Executive Vice Chairman

12 August 2013 - Essar Steel India Ltd announced the appointment of Mr.Firdose A. Vandrevala as executive vice chairman effective 12 August 2013. 

MRC Global Announces Executive Management Changes

12 August 2013 - MRC Global Inc. announced changes in its executive management and organization. Effective immediately, Alan Colonna will assume the role of executive vice president – business development and U.S. Operations, and Gary Ittner will assume the role of executive vice president – supply chain.

Northwest Pipe Predicts Third Quarter Will Be Its Weakeast This Year

09 August 2013 - Northwest Pipe Company announced its second quarter 2013 financial results, noting that it expects the third quarter to be its weakest in 2013.

ArcelorMittal Recognized for Supply Chain Excellence by JCB

09 August 2013 - ArcelorMittal Flat Carbon Europe (FCE) has received an award for supply chain Quality, Cost, Innovation, Delivery and Management (QCIDM) from JCB — the world’s largest privately owned manufacturer of construction equipment.

U.S. Steel Exports Sag in June

08 August 2013 - Steel exports declined in June compared to May by 8.5% according to government data analyzed by the American Institute for International Steel (AIIS).

U.S. Group Says Chinese Are Underselling Seamless Stainless Steel Pipe and Tube

07 August 2013 - The Stainless Steel Tube Trade Advancement Committee (SSTTAC) has completed market research of Chinese trade practices in selling seamless stainless steel pipe and tube in the U.S. market. The data confirms substantial underselling of U.S. producers by Chinese companies.

AISI: U.S. Steel Import Permits Down 6% in July

07 August 2013 - Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and Steel Institute (AISI) reported that steel import permit applications for the month of July total 2,476,000 tons.  

Latin America Received 7% of China's Exports of Steel Manufactured Goods in First Half of 2013

07 August 2013 - Indirect trade (exports of manufactured goods with significant steel content) from China to Latin America reached US$ 20,870 million during the first six months of 2013, representing a 7% share of total Chinese exports, a figure in line with that registered during the first half of 2012.

John Speer Named to John Henry Moore Chair at Colorado School of Mines

06 August 2013 - The Metallurgical & Materials Engineering Department at the Colorado School of Mines (CSM) announced that Professor John Speer has been named as the John Henry Moore Distinguished Professor of Metallurgical and Materials Engineering.

SANGRAF International Adds Legal Counsel to Team

05 August 2013 - SANGRAF International, a manufacturer of premium graphite electrodes to the EAF steel industry, has announced the appointment of Dan Ilkay as general counsel.

EUROFER Expects European Steel Consumption to Fall 4.5% This Year

05 August 2013 - The base case scenario of a stabilization of the EU economy in the second half of 2013 and a gradual but slow recovery in 2014 is confirmed by EUROFER’s Q3-2013 Economic & Steel Market Outlook.

Metinvest Group Appoints New CFO

05 August 2013 - Metinvest Group announced that Aleksey Kutepov was appointed CFO. He replaces Sergiy Novikov, who will continue his career within the Metinvest Group.

Cliffs Natural Resources Reaches Tentative Agreement with USW at Quebec Mine

05 August 2013 - Cliffs Natural Resources Inc. announced a tentative agreement with the United Steelworkers Union for a new three-year labor contract offer that will cover approximately 300 represented workers at Cliffs' Bloom Lake mine in Fermont, Quebec.

Reuters: U.S. Steelmakers Seek Protection Against European Imports

02 August 2013 - A U.S. steel industry group has asked the government trade representative to intervene to help protect domestic producers from growing imports of steel products from Europe, according to a Reuters report.

PwC US Says Overcapacity Continues to Impact M&A Activity in Steel Sector

02 August 2013 - While merger and acquisition (M&A) activity in the global metals sector has seen continued declines in both deal value and volume during the second quarter of 2013, China and other emerging markets played a significant role in the overall deal environment, according to PwC US.