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.
POSCO to Construct Iron Manufacturing Plant in Turkmenistan Valued at $1 billion
27 April 2015 - POSCO Group will construct an iron manufacturing plant in Turkmenistan. Daewoo International signed a MOU for the construction project of the iron manufacturing plant for producing reinforced steel and pipe with a value of 1 billion dollars with the Ministry of Industry of Turkmenistan while attending the summit of both Korea and Turkmenistan on April 13th.
Arch Coal Announces Board of Directors Succession Plan
27 April 2015 - John Eaves Elected to Succeed Wes Taylor as Chairman of the Board; Paul Hanrahan Elected Lead Independent Director; Paul Lang Elected President and Chief Operating Officer
Mark Bula of Big River Steel Addresses Association of Women in the Metal Industries
24 April 2015 - The Pittsburgh Chapter of the Association of Women in the Metal Industries (AWMI) held an industry dinner on Thursday, 23 April 2015. Mark Bula, chief commercial officer for Big River Steel, was the keynote speaker.
Oerlikon’s Drive Systems Segment Inaugurates Third Plant in India
24 April 2015 - Oerlikon’s Drive Systems Segment inaugurates its third plant at Sanand in Gujarat, India. This is the 10th production facility for the Segment globally.
EU Recovery on a More Solid Footing — Risks Still Loom
24 April 2015 - The slight improvement in GDP growth in Q4-2014 combined with the recent uptrend in economic indicators bode well for a more broad-based gain in economic momentum in the EU. The weaker Euro and low oil price will provide a major boost to domestic demand and exports.
Nucor Reports Results for First Quarter of 2015
24 April 2015 - Nucor Corporation announced consolidated net earnings of $67.8 million, or $0.21 per diluted share, for the first quarter of 2015. By comparison, Nucor reported net earnings of $111.0 million, or $0.35 per diluted share, for the first quarter of 2014 and net earnings of $210.4 million, or $0.65 per diluted share, for the fourth quarter of 2014.
Reliance Steel & Aluminum Co. Reports First Quarter 2015 Financial Results
24 April 2015 - Reliance Steel & Aluminum Co. reported its financial results for the first quarter ended March 31, 2015.
Shandong Iron and Steel Group Acquires Remaining Stake in Tonkolili Iron Ore Project
24 April 2015 - Shandong Iron and Steel announces that it has acquired the 75 per cent stake in the Tonkolili Iron Ore mine in Sierra Leone it does not already own.
China Steel Corporation Approves Investment in LanzaTech Commercial Project
23 April 2015 - Taiwan’s largest integrated steel maker, China Steel Corporation (CSC), has announced formal Board approval of a 1400M TWD ($46M USD) capital investment in a LanzaTech commercial ethanol facility. This follows the successful demonstration of the revolutionary carbon recycling platform at the White Biotech (WBT) Demonstration Plant in Kaohsiung using steel mill off gases for ethanol production.
AZZ incorporated Reports Financial Results for the Fourth Quarter and Fiscal Year 2015
23 April 2015 - AZZ incorporated, a global provider of galvanizing services, welding solutions, specialty electrical equipment and highly engineered services, today announced financial results for the three and twelve-month periods ended February 28, 2015.
ATI Announces First Quarter 2015 Results
23 April 2015 - First Quarter 2015 Results: • Sales of $1.13 billion increased 7% compared to Q4 2014 • Segment operating profit improved 25% to $83.8 million, or 7.4% of sales • Aerospace market sales increased 14% • Net income attributable to ATI was $10.0 million, or $0.09 per share • $12.4 million of HRPF start-up and Rowley PQ qualification costs • HRPF successfully integrated into daily operations
Largest AUMUND Conveyor for Hot Sinter Material Goes to Japan
23 April 2015 - With the order for delivery of the largest pan conveyor for the transport of hot sintering material to Nippon Steel & Sumitomo Metal, the Division Metallurgy of AUMUND Fördertechnik GmbH at Rheinberg/ Germany won an outstanding reference project in Japan.
MMK Group Announces Operational Results for Q1 2015
23 April 2015 - MMK Group’s overall crude steel output in Q1 2015 totalled 3,228 thousand tonnes (+5.1% q-o-q; +1.3% y-o-y). Overall steelmaking capacity utilisation at the main Magnitogorsk site in Q1 2015 exceeded 92%. At the same time, converter production operated at 100% of capacity.
March 2015 Crude Steel Production for the 65 Countries Reporting to worldsteel
22 April 2015 - World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 138 million tonnes (Mt) in March 2015, a -2.7% decrease compared to March 2014.
Phoenix™ to supply system for monitoring refractory temperature in ladles
22 April 2015 - A major manufacturer of refractory materials for the steel and foundry industries has recently placed an order on Phoenix™ for a ‘Hot Box’ system to monitor refractory temperatures in the linings of steel ladles.
ArcelorMittal Releases 2014 Sustainability Report
22 April 2015 - ArcelorMittal, a leading steel and mining company, has published its 2014 sustainability report, ‘Steel: the sustainability challenge’. The report launches the company’s 10 new sustainable development outcomes which outlines what the company needs to achieve in order for its steel to be recognised as one of the world’s most sustainable materials. It also details the company’s sustainability highlights, including how ArcelorMittal made an economic contribution to society of $79 billion in 2014.
Steel Dynamics Reports First Quarter 2015 Results
22 April 2015 - Steel Dynamics, Inc. announced first quarter 2015 financial results. Excluding $17 million, or $0.04 per diluted share, of call premium and other finance expenses associated with the March 2015 senior note repayment, the company's adjusted first quarter 2015 net income was $40 million, or $0.17 per diluted share, on net sales of $2.0 billion. Including the finance charges, the company reported first quarter 2015 net income of $31 million, or $0.13 per diluted share.
Emirates Steel Alerts Over Imports Hitting UAE Market
22 April 2015 - Emirates Steel, the largest integrated steelmaker in the UAE, has warned of the effects of the flow in China’s and Turkey’s steel to the local markets, and called for protective actions to face the increasing competition and falling prices.
Bayi Iron Steel Takes the Lead in Green Buildings in China
21 April 2015 - Xinjiang Green Building Co was officially established in Toutunhe district in the Xinjiang Uygur autonomous region on March 30. It is the first assets management company in Xinjiang to focus on the development of the green building industry. The newly-inaugurated company was invested in by Baosteel Group Xinjiang Bayi Iron Steel Co and another six enterprises, including the Xinjiang Natural Information Technology Investment Co headquartered in Xinjiang.
worldsteel Short Range Outlook 2015–2016
21 April 2015 - The World Steel Association (worldsteel) released its Short Range Outlook (SRO) for 2015 and 2016. worldsteel forecasts that global apparent steel use will increase by 0.5% to 1,544 Mt in 2015 following growth of 0.6% in 2014. In 2016, it is forecast that world steel demand will grow by 1.4% and will reach 1,565 Mt.
