Steel News

Alpha Natural Resources Subsidiaries Downsizing West Virginia Mining Operations

03 March 2015 - Two operating affiliates of Alpha Natural Resources Inc. have notified their employees that certain West Virginia coal mines are being idled due to sustained weak market conditions and federal government regulations that have challenged the entire Central Appalachian mining industry.

Reliance Steel Announces Executive Leadership Succession Plan

02 March 2015 - Reliance Steel & Aluminum Co. announced that the company's Board of Directors has approved an executive leadership succession plan consistent with the company's growth strategy and focus on operational execution.

Alacero: 2014 Latin America Steel Production Fell While Imports Rose

02 March 2015 - End of the year figures show that the Latin American steel market did not grow during 2014, impacted by the global and regional economic deceleration, said Latin America’s steel association Alacero.

Gerdau’s New Structural Steel Mill in Mexico Starting Up Operations

02 March 2015 - With the start of steel production scheduled for the first quarter of 2015, the melt shop of Gerdau's new steel mill in Mexico is in its final testing period.

Red Bud to Provide Multi-Blanking Line to Magic Coil Products

02 March 2015 - Magic Coil Products LLC of Butler, Ind., recently ordered a Red Bud Industries’ precision multi-blanking line.

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.