Steel News

Steel Dynamics Inc. Announces Second Quarter 2015 Results

23 July 2015 - Steel Dynamics, Inc. announced second quarter 2015 adjusted net income of $53 million, or $0.22 per diluted share, and adjusted operating income of $120 million, which excludes the following items:

Morgan Advanced Materials Announces Reliable Materials for Heat Shields for Wide-Ranging Applications

23 July 2015 - Morgan Advanced Materials (Morgan) announces the availability of materials for heat shields produced by its Thermal Ceramics business, which are used in highly demanding environments in industrial applications like iron and steel and transportation applications such as aerospace, marine and automotive.

Baghouse Integration Automation & Control - Compliance With an Edge

23 July 2015 - Large scale fabric filter baghouses in the power, lime, cement, steel, lead, foundry and chemical industries will significantly lower emissions, reduce energy use and cut maintenance costs with the B-PAC™ Series Baghouse Performance Analyzer & Controller.

Voestalpine Invests in EUR 100 Million Continuous Caster

22 July 2015 - The steel plant belonging to the international technology and capital goods group voestalpine in Linz, Austria, where the company is headquartered, is already one of the most modern of its kind in the world.

U. S. Steel Canada Attempting to Swap Financiers

22 July 2015 - According to a report by the CBC, after fielding threats their financing would be cut, U.S. Steel Canada is filing to replace its original bankruptcy lender, U.S. Steel (USS), with Brookfield as the creditor for a unique line of credit for bankruptcy proceedings, called debtor in possession (DIP) financing.

Republic Steel to Temporarily Lay Off 125 at Lorain, Ohio Plant

22 July 2015 - Republic Steel is temporarily laying off about 125 workers from its Lorain plant, the company announced on 17 July.

Northwest Pipe Company to Explore the Sale of Its Energy Tubular Products Business

22 July 2015 - Northwest Pipe Company, an industry leader of engineered welded steel pipe products, announced it is in the process of exploring the sale of its remaining Energy Tubular Products business, which includes line, structural and standard pipe, and is located in Atchison, Kansas.

MSCI: Shipments Recover Slightly in June

22 July 2015 - The Metal Service Center Institute has reproted that U.S. shipments of steel products decreased only moderately in June and aluminum shipments increased.

FLSmidth to Supply Complete Air Pollution Control System for Essar Steel Minnesota

21 July 2015 - FLSmidth has received a contract worth approximately USD 40m (DKK266m) from Essar Steel Minnesota LLC for mechanical installation of a complete Air Pollution Control system for the Group's greenfield iron ore pelletizing plant.

Siemens Incorporates Veros Technology in New Condition Monitoring Offer

21 July 2015 - Siemens Industry Services announces a new advanced monitoring service, utilizing Veros Systems technology, designed for the industrial market.

Synergy Systems Retrofits Blast Furnace and Stove Control at Major Midwest Steel Producer

21 July 2015 - Synergy Systems, Inc., a consulting engineering firm and Recognized System Integrator for Rockwell Automation, today announced the completion of a successful upgrade on the main blast furnace and stove control system at a major Midwest steel producer.

MMK Produces 600 Million Tons of Pig Iron

21 July 2015 - OJSC Magnitogorsk Iron and Steel Works ("MMK" or “the Company”) produced its 600,000,000th tonne of pig iron since the blast-furnace’s commissioning in 1932.

ArcelorMittal Announces Publication of Second Quarter 2015 EBITDA Sell-Side Analyst Consensus Figures on corporate.arcelormittal.com

21 July 2015 - ArcelorMittal announced their second quarter 2015 EBITDA sell-side analyst consensus figures on 20 July.

JSPL Angul and SMS Group Commission Largest High-Speed Billet Caster in India

20 July 2015 - Jindal Steel and Power Limited (JSPL) and SMS group have successfully commissioned its high-speed eight-strand billet caster at the Angul Odisha, India, plant.

POSCO Returns to Steel Roots With "Aggressive" Cutbacks

20 July 2015 - As reported by Bloomberg, Posco pledged to halve its domestic operations and cut overseas units by 30 percent as South Korea’s biggest steel producer focuses on its main business of making the metal.

Nick Grasberger, Harsco President and CEO, to Lead Metals & Minerals on an Interim Basis; Company Announces Q2 Earnings Guidance

20 July 2015 - Harsco Corporation announced that Nicholas Grasberger, the Company's President and Chief Executive Officer and member of the Board of Directors, will assume the leadership of the Harsco Metals & Minerals segment on an interim basis effective immediately, following the departure of Metals & Minerals President Richard Lundgren to pursue other opportunities.