Steel News

Platts China Steel Sentiment Index Plunged in February

24 February 2015 - The outlook for China's steel market for the next 30 days is down on the back of weaker expectations for new domestic and export orders ahead of the long Chinese New Year holiday, according to the latest Platts China Steel Sentiment Index (Platts CSSI), which reflects market participants' expectations.

Global Steel Production Down 2.9% in January

24 February 2015 - World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 133 million metric tons (Mt) in January 2015, a -2.9% decrease compared to January 2014.

Tenova Goodfellow to Supply Two EFSOP Holistic Optimization Systems to SDI

24 February 2015 - Steel Dynamics Inc. has confirmed an order with Tenova Goodfellow for the supply and purchase of two EFSOP holistic optimization® systems, including water detection, for both EAF batteries at its Butler, Ind., steelmaking facility.

ArcelorMittal Europe Reports €122 Million Operating Profit for Q4 2014

24 February 2015 - ArcelorMittal announced its results for the fourth quarter ended 31 December 2014. The segment recorded an operating profit of €122m compared with an operating loss of €396m for Q4 2013.

AK Steel to Build New Research and Innovation Center; Names New VPs

23 February 2015 - AK Steel announced that it will build a new, world-class Research and Innovation Center in Middletown, Ohio.

Cliffs Natural Resources CEO to Address Attendees at AISTech 2015

23 February 2015 - Lourenco Goncalves, chairman, president and chief executive officer, Cliffs Natural Resources Inc., will present a keynote address at the AIST President's Award Breakfast on Tuesday, 5 May at 8 a.m. in the Grand Ballroom at the Cleveland Convention Center, Cleveland, Ohio, USA.

New Cold Rolling Mill from Primetals Technologies Produces First Coil at Tangshan

23 February 2015 - The cold rolling mill supplied by Primetals Technologies to Tangshan Iron and Steel Group Co. Ltd., a Chinese steel producer, has now been brought into production and the first coil was rolled in January 2015.

Magnetation Indefinitely Idles Plant One Iron Ore Concentrate Facility

23 February 2015 - Magnetation LLC announced that, due to low global iron ore prices, it will indefinitely idle its Plant 1 iron ore concentrate facility located in Keewatin, Minn., by the end of March 2015, placing the plant on a care and maintenance program.

MMK Introduces Advanced IT Solutions

23 February 2015 - Russia’s OJSC Magnitogorsk Iron and Steel Works (MMK) in 2014 launched a strategic program for the adoption of advanced IT in operational and management processes.

worldsteel Announces World Champions of steelChallenge-9

23 February 2015 - The World Steel Association (worldsteel) announced the new world champions of the 9th steelChallenge.

Harsco Corporation Declares Regular Quarterly Cash Dividend

20 February 2015 - Action Marks Harsco's 260th Consecutive Quarterly Cash Dividend to Shareholders

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.