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.
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.
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.
