Steel News

Insteel Industries Announces Consolidation of PC Strand Facilities

02 March 2015 - Insteel Industries Inc. will be closing its prestressed concrete strand (PC strand) facility in Newnan, Ga., and moving the manufacturing to its other three PC strand production facilities located in Gallatin, Tenn.; Houston, Texas; and Sanderson, Fla. The Newnan facility was acquired from American Spring Wire Corporation in August 2014.

ArcelorMittal USA Idling Indiana Harbor Long Carbon Facility

27 February 2015 - ArcelorMittal will idle its Indiana Harbor Long Carbon (IHLC) facility beginning with the electric arc furnace on 1 March 2015, followed by the rolling mill operation in Q2 2015, pending customer requirements.

Terex Material Handling Unveils Innovative Demag Crane Design

27 February 2015 - Terex Material Handling has launched the Demag V-type crane design, a revolutionary crane that sets a new industry standard and weighs up to 17% less than comparable box-section profile girders.

PwC US: Metals Industry Saw Uptick in M&A Activity in Q4 2014

27 February 2015 - The metals sector recorded a significant increase in merger and acquisition (M&A) activity during the fourth quarter of 2014, but the year overall saw a decline in deal value compared to 2013, according to Forging Ahead, a quarterly analysis of the global deal activity in the metals industry by PwC US.

Olympic Steel Reports Record Q4 Sales

27 February 2015 - Olympic Steel Inc., a national metals service center, announced financial results for the fourth quarter and full year ended 31 December 2014.

SteelBenchmarker: HRB Prices Heading for the Bottom

27 February 2015 - In its 214th report, the SteelBenchmarker released nine steel products and three USA scrap prices. Of these, here are four benchmark prices for hot-rolled band for 23 February 2015:

Tenaris to Temporarily Suspend Operations at Texas Mill

26 February 2015 - Tenaris will temporarily suspend operations at its welded tubes mill in Conroe, Texas, resulting in the layoff of approximately 230 employees, effective 24 April 2015.

NLMK Generates Significant Savings through PCI Implementation at Novolipetsk

26 February 2015 - Russia’s NLMK Group made a saving of 425 million rubles in 2014 through the use of pulverized coal injection (PCI) technology at two blast furnaces at its Novolipetsk production site in Lipetsk.

U. S. Steel Names Vice President and Controller

26 February 2015 - United States Steel Corporation announced the promotion of Colleen M. Darragh to the position of vice president and controller, effective immediately.

Alberto Iperti Appointed CEO of Tamini

26 February 2015 - Alberto Iperti has been appointed CEO of Tamini, a worldwide leader in the manufacturing and service of energy transformer and a subsidiary of Terna, the company that transmits and dispatches electricity on the high voltage grid throughout Italy.

MMK Increases Production and Shipments of Automotive Sheet

26 February 2015 - OJSC Magnitogorsk Iron and Steel Works (MMK) increased 2014 shipments of metal products to automotive producers by 18% y-o-y to 415,000 tonnes from 353,000s tonnes in 2013.

Essar Steel Algoma Files Counter Claim Against Cliffs

26 February 2015 - Essar Steel Algoma Inc. (ESAI) has filed counter-claims against its iron ore supplier for damages in excess of US$164 million arising out the parties’ relationship, including a claim for certain outstanding credit payments owed by Cliffs.

MTAG Switzerland to Deliver Vacuum Degassing Installation to ArcelorMittal Hunedoara

25 February 2015 - MTAG Switzerland has signed a contract to supply a 100-metric-ton turnkey vacuum degassing installation with a dry mechanical pumping system to Romanian long product producer ArcelorMittal Hunedoara.

AIIS: U.S. Steel Exports Declined 5% in 2014

25 February 2015 - Steel exports fell slightly from November to December 2015, capping off a 5% decline for the year, the American Institute for International Steel (AIIS) reported.

SteelBenchmarker: HRB Prices in Downward Spiral

25 February 2015 - In its 213th report, the SteelBenchmarker released nine steel products and three USA scrap prices. Of these, here are four benchmark prices for hot-rolled band for 9 February 2015:

Tata Steel to Acquire Nordic Strip Products Service Centers

25 February 2015 - Tata Steel, Europe’s second largest steel producer, announced the acquisition of three service centers in Sweden, Finland and Norway to strengthen its offering to manufacturers in the Nordic region.

worldsteel Releases Publication on Steel’s Role in Global Circular Economy

25 February 2015 - The World Steel Association (worldsteel) announced the launch of a new publication ‘Steel in the circular economy - A life cycle perspective’.

AUMUND Fördertechnik Names New Managing Director

24 February 2015 - Since 1 November 2014, AUMUND Fördertechnik GmbH in Rheinberg, Germany, has had a new managing director.

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.