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The latest news on companies supplying equipment, products and/or services to the iron and steel industry.

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Latest News

Europe's Largest Motors and Drives Package Powers Tata Steel Reversing Rougher

18 May 2015 - Two of Europe’s largest synchronous motors, along with the highest power-rated medium voltage (MV) drives ever used in a reversing roughing mill, have been commissioned by ABB at Tata Steel’s Port Talbot hot strip mill in South Wales.

Johannes Huebner Giessen Presents the Next Generation of Its Universal Encoder System U-ONE-SAFETY

18 May 2015 - With U-ONE-SAFETY the specialist for robust encoder and drive technologies, Johannes Huebner Giessen offers the next generation of the universal encoder system U-ONE to support machine builders and system operators in their endeavours to prevent accidents.

SGL Group Presents Comprehensive Range of Specialty Graphite for Casting Applications and High-Temperature Furnaces

18 May 2015 - SGL Group – The Carbon Company – will show its specialty graphite products and services for casting applications and high temperature furnaces at the 13th International Foundry Trade Fair (GIFA) and the 11th International Trade Fair and Symposium for Thermo Process Technology (THERMPROCESS), held from June 16 to June 20 in Duesseldorf, Germany.

Steckel Furnace Project Secured by Olson Industries

15 May 2015 - Olson Industries has been contracted by SMS USA LLC for the design and supply of performance equipment for 2 Steckel Furnaces, including new combustion equipment, refractory, electrical equipment and controls.

Brokk Introduces Next Generation Brokk 100 Remote-Controlled Demolition Machine

14 May 2015 - Brokk, a leading manufacturer of remote controlled demolition machines, presents the next generation Brokk 100.

Sabre Industries Acquires Third Shuttlelift DB 30 Double-Beam Mobile Gantry Crane, Now Has Three for Iown and Texas Operations

14 May 2015 - Shuttlelift has announced that Sabre Industries Inc. took delivery of a third DB 30 double-beam mobile gantry crane late last year, which it has added to its operation in Sioux City, Iowa.

AMETEK Announces Acquisition of Global Tubes

13 May 2015 - AMETEK, Inc. (NYSE:AME) today announced the acquisition of Global Tubes, a leading manufacturer of high precision, small diameter metal tubing, for approximately $200 million.

Sandvik’s Annual General Meeting 2015

13 May 2015 - Sandvik AB held its Annual General Meeting on 7 May 2015 in Sandviken, Sweden.

TimkenSteel Produces Blooms on “Jumbo” Caster Designed by SMS group for Wide Range of Steel Grades

11 May 2015 - TimkenSteel has successfully commissioned its vertical continuous caster in Canton, Ohio, U.S.A. The first heat was successfully cast in 2014. TimkenSteel is presently ramping up production to full capacity.

George J. Koenig, President, Berry Metal Company, Appointed AIST President for 2015-2016

08 May 2015 - George J. Koenig, president, Berry Metal Company, Harmony, Pa., USA, has been appointed president of the Association for Iron & Steel Technology (AIST) for 2015–2016.

Hyster Announces New Short Wheelbase Industrial Lift Truck at AISTech 2015

08 May 2015 - Hyster Company, a leading heavy-duty materials handling equipment manufacturer, announced its new H300HD2S and H330HD2S industrial lift trucks at AISTech 2015, the nation’s largest steel exposition. Suitable for applications such as steel manufacturing, concrete and lumber, the new models are designed to offer 30,000-33,000 pounds of capacity with a shorter wheelbase.

Magnetation LLC Reaches Agreement with Noteholders to Restructure Balance Sheet and Provide New Financing

08 May 2015 - - Secures $135 Million in Debtor-In-Possession Financing to Implement Financial Restructuring as Part of Chapter 11 Reorganization Filing - Operations and Customer Shipments to Continue Uninterrupted

Co-Operation Agreement Signed Between Paul Wurth and China Steel Corp.

08 May 2015 - On 8 April 2015, Paul Wurth S.A. and the Taiwan-based steelmaker China Steel Corporation (CSC) signed a Co-operation Agreement in the field of upcoming ironmaking plant construction projects in the Southeast Asian region, including material handling, sinter plants, blast furnaces and direct reduction plants.

ANDRITZ GROUP: Results for the First Quarter of 2015

07 May 2015 - International technology Group ANDRITZ recorded a solid business development in the first quarter of 2015.

Praxair Reports First-Quarter 2015 Results

07 May 2015 - • Sales of $2.8 billion, EPS of $1.43 • EBITDA and operating margins grew to 33.0% and 22.6%, respectively* • Signed two long-term agreements to expand U.S. Gulf Coast and Southern China production networks for petrochemical customers; supply systems to start-up 2017 • $0.4 billion returned to shareholders through dividends and net share repurchases; diluted shares 2% below prior-year quarter • Return on capital 12.6%; return on equity 29.6%* • Full-year 2015 EPS guidance of $5.90 to $6.15, up 4% to 8% year-over-year, ex-FX* and 2Q15 $1.40 to $1.48

ABB Reports Solid 1Q Growth in a Mixed Market

06 May 2015 - First-quarter highlights: -15% order growth1, revenues return to growth at +3% -Operational EBITA margin2 steady -Net income up 4% -Increased cash from operations -Financials impacted by currency translation due to strong appreciation of US dollar -Continued progress on Power Systems ‘step change’ program -Next Level strategy: Collaboration drives large combined power and automation orders

Hyster-Yale Materials Handling, Inc. Announces First Quarter 2015 Results

05 May 2015 - Highlights: Consolidated revenues decreased 7.9% due to currency and lower unit volume Transition to new Brazil plant major driver of volume decline Lift truck segment gross margin increased to 16.7% from 16.5% despite negative currency Q1 2015 Lift truck segment net income declined to $17.5 million from $22.1 million in Q1 2014 Nuvera generated Q1 2015 operating loss of $6.0 million and net loss of $3.6 million

Quaker Chemical Spotlights its Fire Resistant Hydraulic Fluids, Specialty Grease Solutions, and Industry Speakers

04 May 2015 - In high temperature environments, such as steel mills, fires can spontaneously happen with an increased frequency due to the widespread use of highly flammable mineral-oil based products.

Ace World Companies Raises Profile on Social Media

04 May 2015 - Ace World Companies will support its high profile marketing and advertising strategy with a revitalized social media presence having relaunched Twitter, Facebook and LinkedIn accounts in advance of publication of the crane and hoist manufacturer’s first blog later this month (April).

Linde Industrial Gas Technologies Help Steelmakers Improve Operational Efficiencies and Profitability

04 May 2015 - Experts in steel metallurgy and process gas engineering from Linde LLC and Linde Engineering North America Inc. (Blue Bell, PA) will showcase technologies for improving plant productivity, product quality and environmental performance at AISTech 2015 at the Cleveland Convention Center, May 4-6.