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Latest News
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.
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.
POSCO to Sell Stake in Construction Unit to Saudi Fund
17 February 2015 - South Korean steelmaker POSCO has signed a preliminary deal with Saudi Arabia's Public Investment Fund (PIF) to sell part of its construction unit for about 1.5 trillion won ($1.36 billion), Korea Economic Daily reported.
Wheelabrator’s New Concave Blades Cut Gordian Knot at Nucor Steel
17 February 2015 - Wheelabrator has introduced a new concave blade for its 35 EZEFIT blast wheel, which achieves a narrow blast pattern and a uniquely tight ‘hot spot’ at high abrasive speeds.
ANSYS Engineering Simulation Solutions Meeting Customer Needs At TimkenSteel
17 February 2015 - TimkenSteel (NYSE: TMST), a leading manufacturer of special bar quality (SBQ) large bars and seamless mechanical tubing, is leveraging the power of ANSYS (NASDAQ: ANSS) simulation to solve customers' engineering challenges.
Sandvik awarded ‘The Best Innovator’ of the year in Czech Republic
16 February 2015 - Sandvik in Chomutov, Czech Republic has been announced as the winner of the prestigious award Best Innovator of the year in the Czech Republic - recognition of the company's way of working with innovation.
Outokumpu’s Head of Business Area APAC Austin Lu Leaves the Company
16 February 2015 - Austin Lu, Outokumpu’s head of business area APAC and Outokumpu Leadership Team member has taken a new challenge outside the company, thereby leaving his position as of March 31, 2015.
Alpha Natural Resources Announces Results for Fourth Quarter and Full Year 2014
16 February 2015 - Alpha Natural Resources, Inc. (NYSE: ANR), a leading U.S. coal supplier, reported a fourth quarter 2014 net loss of $122 million or $0.55 per diluted share, compared with a net loss of $359 million or $1.62 per diluted share in the fourth quarter of 2013. Excluding the items described in "Reconciliation of Net Loss to Adjusted Net Loss," the fourth quarter 2014 adjusted net loss was $112 million or $0.50 per diluted share compared with adjusted net loss of $115 million or $0.52 per diluted share in the fourth quarter of 2013.
Mechel Becomes Potential Rail Supplier for Germany's Railways
16 February 2015 - Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, reports that Chelyabinsk Metallurgical Plant won the status of a potential rail supplier to Germany's railway operator Deutsche Bahn AG, following a production audit.
HEATMAXX, the Industry’s First Fusion Technology, High Temperature, Thermal Printed Labels & Tags
13 February 2015 - Q Star Performance Materials has unveiled HEATMAXX, the industry’s first thermal printed labels and tags, utilizing fusion technology.
