Steel News

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.

New Infographic Shows How Dust Collection Cyclones Work in Small Spaces

13 February 2015 - Compact Size Fits More Applications than Typical Cyclone

Fives Selected for Five New High-End Automotive Steel Projects

13 February 2015 - Fives, an international engineering group which designs and supplies process technologies to various industries, has been awarded five new processing line contracts for the automotive steel market, making it in this field a dominant equipment provider to steelmakers.

Unilux Completes 2nd Generation of Handheld Strobe Lights for Metals Industries

13 February 2015 - Unilux has introduced the LED1 and LED3, the next two members of its H2LED Series of handheld strobe lights for surface inspection, maintenance and troubleshooting for steel and aluminum mills and coil coating and service center operations.

MMK Carrying Out Large-Scale Blast Furnace Modernization

13 February 2015 - OJSC Magnitogorsk Iron and Steel Works (MMK) is carrying out technical upgrades to its blast furnace No. 8.

Piedmont Triad-Based New Page Capital Announces Acquisition of Engineered Steel Products

12 February 2015 - New Page Capital, a Greensboro, N.C.-based private equity firm focused on investing in privately held companies in the Piedmont Triad region, announces it has acquired Engineered Steel Products, a Sophia, N.C.-headquartered structural steel manufacturing company. During the sale process, Bundy Group served as exclusive advisor to Engineered Steel Products and its shareholders, and The Forrest Firm served as legal counsel.

Primetals Technologies Receives FAC for Heat Treatment Plant at Borusan Mannesmann in Texas

12 February 2015 - Primetals Technologies received the final acceptance certificate from Borusan Mannesmann Pipe U.S. for a heat treatment plant installed in the company ́s new ERW (Electric Resistance Welded) pipe mill in Baytown, Texas, USA. The equipment is used to quench and temper oil country tubular grades (OCTG), enabling Borusan Mannesmann to produce a wide range of high quality products for the highly competitive OCTG market. The Baytown facility is a subsidiary of the Turkish steel pipe producer Borusan Mannesmann Bo ru and is the first Turkish owned plant in the United States.