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AIST's Steel News provides the steel community with technological and innovative news on the people, producers and suppliers in the North American and international steel communities.

Hyster-Yale Materials Handling, Inc. Announces Fourth Quarter and Full Year 2014 Results

20 February 2015 - Hyster-Yale Materials Handling, Inc. (NYSE: HY) today announced consolidated revenues of $710.7 million and consolidated net income of $26.4 million, or $1.61 per diluted share, for the fourth quarter of 2014 compared with consolidated revenues of $717.9 million and consolidated net income of $25.7 million, or $1.53 per diluted share, for the fourth quarter of 2013. Consolidated operating profit was $33.2 million for the fourth quarter of 2014 compared with $35.0 million for the fourth quarter of 2013.

Vale Smashes Iron Ore Production Record

20 February 2015 - Brazil’s Vale (NYSE:VALE), the world’s largest producer of iron ore, continued to flood the market with product in 2014 despite sharply lower prices.

Tata Steel to Supply Rails for London's Crossrail Project

20 February 2015 - Tata Steel has signed a contract to supply wear-resistant rails for the Crossrail project beneath the heart of London. The Crossrail route will serve 40 stations and travel more than 100km from Reading and Heathrow in the west, through new twin-bore 21km tunnels below central London to Shenfield and Abbey Wood in the east.

Russel Metals Announces Strong 2014 Annual and Fourth Quarter Results

20 February 2015 - Russel Metals Inc. (RUS - TSX) announced financial results for fourth quarter and annual 2014.

3tn: Efficient Storage of Slabs, Billets, Coils and Plate

19 February 2015 - Technical warehouse management system can be easily adapted to customer-specific requirements.

Primetals Technologies to Modernize Rebar Rolling Line for KWTSteel in Kuwait

19 February 2015 - United Steel Industrial Company (KWTSteel), a Kuwaiti steel producer, has awarded Primetals Technologies an order to modernize its rebar rolling mill in the Shuaiba Industrial Area, Kuwait. Under the project the rolling mill will be equipped with an inline quenching system (PQS, Pomini Quenching System) and a new hot dividing shear with a higher capacity. The quenching system will produce the required material proper ties largely without the need for expensive alloying elements. This will improve KWTSteel’s access to export markets. The modernized rolling mill is scheduled to go on stream late 2015.

Reliance Steel & Aluminum Co. Reports Fourth Quarter and Full Year 2014 Financial Results

19 February 2015 - Reliance Steel & Aluminum Co. (NYSE: RS) today reported its financial results for the fourth quarter and full year ended December 31, 2014.

NSSMC Agrees to Long-Term Contract of Stable Tinplate Supply With Africa’s Largest Can Manufacturer

19 February 2015 - Nippon Steel & Sumitomo Metal Corp. has exchanged a protocol regarding the long-term contract for stable supply of tinplate with Nampak Products Ltd.

A New Furnace-Building Company, ACE Furnaces Pvt. Ltd., Introduces Key Personnel

19 February 2015 - A new Furnace-building Company called ACE Furnaces Pvt. Ltd. (AFPL) has been formed last year, having core competency in Designing and Manufacturing Industrial Furnaces for various applications. AFPL has been formed through merging of various experiences and professional know-how on a vast range of furnaces for both ferrous as well as non-ferrous industries, with a view to offer quality-engineered Furnaces to the Users, with maximum Customer Satisfaction.

Mechel Reports Disposal of Mechel Bluestone

18 February 2015 - Mechel OAO, one of the leading Russian mining and metals companies, has closed a deal on the disposal of Mechel Bluestone, Inc. (Delaware, USA), including its mining operations, to a company owned by the Justice family.

General Steel Establishes RFID Company

18 February 2015 - General Steel Holdings, Inc. ("General Steel" or the "Company") (NYSE: GSI), a leading non-state-owned steel producer in China, announced today that the Company, through its previously-announced joint venture with a team of Radio-Frequency Identification ("RFID") experts, has completed the establishment of a new RFID logistics company and appointed Michael Au as CEO of the new company named Tianjin General Shengyuan IoT Technology Co., Ltd. ("General Shengyuan IoT").

Konecranes Training Institute Promotes Safety With Rigging Fundamentals Course

18 February 2015 - Konecranes Training Institute aims to reduce crane accidents through education

Nucor Announces 168th Consecutive Cash Dividend

18 February 2015 - The board of directors of Nucor Corporation (NYSE: NUE) declared the regular quarterly cash dividend of $0.3725 per share on Nucor's common stock.

Cliffs Natural Resources Inc. Finalizes Energy Agreement in U.P. of Michigan

18 February 2015 - The Company Anticipates End to System Support Resource Payments for All Consumers

ArcelorMittal's Q4 Loss Narrows, Sees Lower FY15 Profit

17 February 2015 - Steel giant ArcelorMittal posted a loss in the fourth quarter of 2014 as lower iron-ore pricing weighed on its mining segment and it also saw reduced steel selling prices. Weak demand from China, a key market, continued to hurt iron ore prices in the quarter.

Essar Steel Algoma Third Quarter Results Signal Return to Profitability

17 February 2015 - Essar Steel Algoma Inc. signaled its return to profitability today reporting a net income of CDN$26.8 million for the three month period ended December 31, 2014, as compared to a net loss of CDN$38.6 million for the same three month period ending December 31, 2013.

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