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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.

Russel Metals Benefitting from Strengthening Economy in U.S., Canada

19 August 2014 - Russel Metals Inc. announced second quarter 2014 earnings of US$31 million or US$0.50 per share on revenues of US$893 million reflecting strong operating margins in all segments.

Artillery Shelling Shuts Down Four Metinvest Group Plants

19 August 2014 - Damage from heavy artillery cut the electricity transmission lines to the cities of Yenakiieve and Khartsyzsk, Ukraine. This led to the full shutdown of production at Yenakiieve Steel, Enakievskiy Koksohimprom and Khartsyzsk Pipe. Avdiivka Coke is still cut off from electricity, Metinvest reports.

Overhead Crane Design-Build Company Now Offers In-House Construction of Box Girder Beams

19 August 2014 - Specializing in overhead bridge crane design, build, and installation, Innovated Industrial Services Inc. announces that it has expanded its product line to include construction of box girder beams.

Mechel Reports New Management Appointment

19 August 2014 - Mechel OAO reports that Alexey Ivanushkin was appointed first deputy chief executive officer.

JSW Steel to Acquire Welspun Maxsteel Ltd.

18 August 2014 - JSW Steel Limited has entered into a definitive agreement with Welspun Enterprises Ltd. (WEL) to acquire WEL’s shares in Welspun Maxsteel Ltd. (WMSL) for an enterprise value of Rs 1000 crores plus net current assets as of 31 August 2014, subject to regulatory approvals and customary closing conditions.

Insteel Industries Closes on Acquisition of American Spring Wire’s PC Strand Business

18 August 2014 - Insteel Industries Inc. announced that its wholly-owned subsidiary, Insteel Wire Products Company, has completed the acquisition of substantially all of the assets associated with the prestressed concrete strand (PC strand) business of American Spring Wire Corporation (ASW) for a purchase price of approximately US$36.0 million, subject to certain post-closing adjustments.

ArcelorMittal Dofasco Selects Quintiq to Optimize Maintenance Scheduling

18 August 2014 - Quintiq, a global leader in supply chain planning and optimization (SCP&O), announced that ArcelorMittal Dofasco Inc. has selected Quintiq’s software platform to optimize maintenance planning and scheduling at its Hamilton, Ontario, Canada, flat rolled steelmaking facility.

Boulder Imaging Promotes Chris Sheridan to Director of Engineering

18 August 2014 - Boulder Imaging (BI) announced that Chris Sheridan has been promoted to director of engineering.

CDW Service Center D&B Changes Name to Waelzholz North America

18 August 2014 - Cold rolled steel specialist C.D. Waelzholz announced on 1 July 2014 that the CDW Service Center D&B Ltd. operations have become Waelzholz North America LLC.

Tata Steel Provides Update on Global Operations in Quarterly Report

18 August 2014 - Tata Steel Group declared its consolidated financial results for the quarter ended 30 June 2014.

Heidtman Steel’s Newest Facility to Begin Production in September

15 August 2014 - Toledo, Ohio-based Heidtman Steel is nearing completing of a new slitting facility in East Chicago, Ind., and plans for production to begin in early September.

Olympic Steel Promotes Andrew Markowitz to Vice President Sales and Marketing—Specialty Metals

15 August 2014 - Olympic Steel Inc., a leading national metals service center, announced the promotion of Andrew Markowitz to the newly created position of vice president sales and marketing—specialty metals. Additionally, Jerrold Gideon has been promoted to general manager—Integrity Stainless.

Alpine Metal Tech Acquires the GeGa Group of Companies

15 August 2014 - As of March 2014, the GeGa Group of Companies was acquired by Alpine Metal Tech (AMT).

SteelBenchmarker: HRB Prices Revive

15 August 2014 - In its 201st report, the SteelBenchmarker released nine steel products and three USA scrap prices. Of these, here are four benchmark prices for hot-rolled band for 11 August 2014:

SKF Appoints New Press & Media Relations Director

15 August 2014 - Theo Kjellberg has been appointed director press & media relations within the SKF Group, starting 25 August 2014.

Salzgitter Reports Results in Difficult Steel Market

15 August 2014 - The Salzgitter Group closed the first half of 2014 with a significant year-on-year improvement in its pre-tax result approximating breakeven.

INDSUR Strikes Rs. 500 Crore Steel Plates Deal with Mexican Firm

15 August 2014 - Indsur Group, a major producer of power infrastructure castings, auto components, and thermal engineering, announced that its U.S.-arm, Indsur Stelcore Inc., has bagged an order aggregating Rs 500 crore (US$81.75 million) from a Mexican firm for supply of around 100,000 metric ton of steel plates.