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Industry
Latest News
Severstal North America Appoints General Manager, Metallics Purchasing
26 December 2012 - Severstal North America has appointed Mr. Sachin Shivaram, general manager, metallics purchasing, reporting to Mr. Saikat Dey, chief strategy and procurement officer.
Chinese Iron & Steel Association: Steel Industry Hit by Overcapacity
25 December 2012 - China's steel industry is facing a problem of overcapacity, with steel prices at 1994 levels, a senior official said. "The steel industry is facing an increasingly difficult time, and the surplus capacity is worsening," said Zhang Changfu, secretary-general of the China Iron & Steel Association, China Daily reports.
SSINA Releases Stainless and Specialty U.S. Market Data for September 2012
24 December 2012 - The Specialty Steel Industry of North America (SSINA) has released statistical data on imports, U.S. consumption, and import penetration for YTD September 2012.
Steel Joint Institute Announces 2012 Design Award Winners
21 December 2012 - The Steel Joist Institute is pleased to announce the winners of its 2012 Design Awards. The awards are presented in three categories – industrial, non-industrial and unique. The three winning companies received a $2,000 scholarship in their name to a school of their choice for an engineering student.
World Crude Steel Production Rises 5% Year-on-Year
21 December 2012 - World crude steel production for the 62 countries reporting to the World Steel Association (worldsteel) was 122 million tonnes in November 2012, an increase of 5.1% compared to November 2011.
Konecranes Announces Changes in Operational Model and Group Executive Board
21 December 2012 - Konecranes is simplifying its structure as of 1 January 2013 to further improve results accountability, clarity, speed, and cost efficiency. This will also change the composition of the group executive board.
Mechel Announces Management Changes at Izhstal OAO
19 December 2012 - Mechel OAO, a leading Russian mining and metals company, announced the appointment of a new managing director of Izhstal OAO (Izhstal), part of the Mechel Group.
U.S. Steel Shipments Up 2.7% Month-on-Month in October
19 December 2012 - The American Iron and Steel Institute (AISI) reported that for the month of October 2012, U.S. steel mills shipped 7,430,267 tons, a 2.7% increase from the 7,233,375 tons shipped in the previous month, September 2012, and a 6.3% decrease from the 7,933,653 tons shipped in October 2011.
Tata Steel Appoints New Chairman
17 December 2012 - The Tata Steel Board of Directors announced the appointment of Mr. Cyrus P. Mistry as the chairman of the board with effect from 28 December 2012, as R. N. Tata will retire on that date.
Harrison Selected to Head Communications for AISI, Gravatt Moving to Mining Sector
14 December 2012 - The American Iron and Steel Institute (AISI) announced the appointment of Lisa Harrison, as senior vice president, communications, of AISI. Harrison succeeds Nancy Gravatt, who has been appointed senior vice president, communications, for the National Mining Association.
Canadian Agency Finds Threat of Injury from Standard Pipe Imports
14 December 2012 - The Canadian International Trade Tribunal found that the dumping and subsidization of standard pipe imports from a host of countries was threatening to cause injury to the domestic injury. As a result, import duties will be applied.
TMS International Elects New Executive VP and General Counsel
13 December 2012 - TMS International Corp., the parent company of Tube City IMS Corporation, announced that its Board of Directors has elected Leon Z. Heller as executive vice president, general counsel and secretary effective 1 January 2013.
Organizational Changes Announced within the Structure and Management of EVRAZ
13 December 2012 - EVRAZ plc announced organizational changes to the company’s management structure. In order to separate functions and intensify the management of key product groups, the company will divide the Mining Division into two Divisions: the Iron Ore Division and the Coal Division.
Fitch: Modest Margin Improvement for U.S. Steel Producers in Slow-Growth Environment
12 December 2012 - In its steel outlook published today, '2013 Outlook: U.S. Steel Producers,' Fitch Ratings highlights end-use trends, industry characteristics and producer profiles. Fitch expects further credit and operating improvements for U.S. steel producers in 2013 although downside risks from global overcapacity remains.
Kennametal Graduates Inaugural Class of "Young Engineers"; Expands Program to Develop Future Workforce
12 December 2012 - Kennametal Inc. announced the graduation of 26 Solon High School students from the inaugural class of its Kennametal Foundation "Young Engineers Program" in Ohio.
Kennametal Graduates Inaugural Class of "Young Engineers"; Expands Program to Develop Future Workforce
12 December 2012 - Kennametal Inc. announced the graduation of 26 Solon High School students from the inaugural class of its Kennametal Foundation "Young Engineers Program" in Ohio.
ArcelorMittal Tubular Products Ostrava Names New CEO
12 December 2012 - The new CEO of ArcelorMittal Tubular Products Ostrava with effect from 1 December is Libor Černý, who had been the CEO in ArcelorMittal Distribution Solutions Czech Republic (AMDS CR).
NanoSteel Names Craig Parsons President of Automotive
12 December 2012 - The NanoSteel® Company, a leader in nano-structured steel materials design, today announced that Craig Parsons has joined the company as president of the automotive business.
Eurozone Weakness to Depress Steel for Another Year
11 December 2012 - Western European steel output is unlikely to recover in 2013 due to depressed demand levels across the eurozone. Steel volumes will probably fall by up to 3%, Fitch Ratings believes, putting pressure on producers' profitability and free cash flow generation.
Harsco Promotes Robert Yocum to Vice President and Treasurer
11 December 2012 - Global industrial company Harsco Corporation announced the promotion of Robert G. Yocum to vice president and treasurer, where he will be responsible for the company's liquidity management, capital market activities, global treasury operations, and bank and rating agency relationships.
