Steel News

FerrouSouth Installs Red Bud Stretcher Leveler Retrofit

28 November 2014 - FerrouSouth, located in Iuka, Miss., recently installed a Red Bud Industries’ .250” (6 mm) x 72” (1830 mm) stretcher leveler with SUREGRIP® technology in an existing cut-to-length Line.

Altumet SPA Orders Pipe End Finishing Machine from PWS

28 November 2014 - Altumet SPA from Algiers, Algeria, has ordered a pipe end finishing machine from PWS.

Synalloy Acquires Specialty Pipe & Tube Inc.

28 November 2014 - Synalloy Corporation, a company that engages in a number of diverse business activities including the production of stainless steel pipe, fiberglass and steel storage tanks, and specialty chemicals, has acquired Specialty Pipe & Tube Inc. Specialty is a master distributor of seamless carbon pipe, with a focus on heavy wall, large diameter products.

Kennametal Board Names Don Nolan Chief Executive Officer

28 November 2014 - The board of directors of Kennametal Inc. announced the appointment of Donald (Don) A. Nolan as the company's president, chief executive officer and member of the board of directors, while electing William R. Newlin, lead director, to serve as chairman of the board, both effective 17 November 2014, facilitating a clear-cut, transparent transition of immediate effect. As previously announced, Carlos Cardoso's retirement is effective 31 December 2014.

Timken Adds to Its Bearing Portfolio with Acquisition of Revolvo

28 November 2014 - The Timken Company announced it has reached agreement with ERIKS NV to acquire the assets of Revolvo Ltd., a specialty bearing company based in Dudley, U.K.

Outokumpu Wins Award for Environmental Achievements

28 November 2014 - International Chromium Development Association (ICDA) awarded Outokumpu’s Tornio operations in Finland on long-term successful work in waste water treatment and protection of sea environment on 5 November 2014. The award is based on voting of ICDA council and committees.

Siemens Presents Industry-Specific Motors for Steel Plants

27 November 2014 - Siemens has developed industry-specific motors for steel plants on the basis of the Simotics 1LE1 motor platform.

ArcelorMittal Named Among Global Top Companies for Leaders

27 November 2014 - ArcelorMittal has been ranked 14th on the 2014 global Aon Hewitt Top Companies for Leaders list. This comprehensive study recognizes companies with best-in-class talent management practices around the world.

The Timken Co. Names New Director

27 November 2014 - The Timken Company's board of directors has elected Maria A. Crowe a director of the company for a term that expires at its May 2015 annual meeting. The election brings The Timken Company board to 11 directors.

ArcelorMittal Europe Reports €125 Million Operating Profit for Q3 2014

27 November 2014 - ArcelorMittal Europe announced its results for the third quarter of 2014.

Tata BlueScope Steel Constructs Library Building for KIIT University

27 November 2014 - Tata BlueScope Steel Limited, through its EZYBUILD® Solutions Provider, Adi Durga Steel, has bagged the project to construct a library building for KIIT University, Bhubaneswar, Odisha, India.

MISCOR Group Names New VP of Finance

27 November 2014 - MISCOR Group announced it has named Edward Zeuch as vice president of finance.

Markets on the Upswing: CRU 2014 North American Steel Conference

26 November 2014 - Each year, CRU holds its North American Steel Conference in Chicago, Ill., USA, featuring the latest updates from new and established market players, market and pricing forecasts, and the latest on the international trading front.

WorldAutoSteel Case Studies Stress Need For Lifecycle Mindset In Vehicle Emissions Regulations

26 November 2014 - WorldAutoSteel, the automotive group of the World Steel Association, recently released findings of two new case studies that examine the effect various automotive materials can have on total life cycle greenhouse gas (GHG) emissions for light-duty truck and sport utility vehicle (SUV) classes.

Abakan Secures Strategic Investment from Global Wear-Resistant Clad Plate Manufacturer

26 November 2014 - Abakan Inc. has secured a US$3 million strategic investment from the world’s largest wear-resistant clad plate manufacturer, UP Scientech Materials Corp.

Consortium Receives German Future Award for “Horizontal Strip Casting of Steel” Project

26 November 2014 - German Federal President Joachim Gauck presented the “German Future Award – Federal President’s Award for Technology and Innovation” in Berlin on 19 November 2014. The project partners are Salzgitter Flachstahl GmbH, SMS Siemag AG, and the Technical University of Clausthal.

NLMK Marks 80th Anniversary with Jubilee Pig Iron Heat at BF No. 7

26 November 2014 - Novolipetsk, NLMK Group’s main plant, celebrated the 80th anniversary of the production of its first pig iron with a formal jubilee heat ceremony held at blast furnace No. 7, one of the most modern and efficient furnaces in the world.

Shale-Inland Holdings Sells Fabrication and Distribution Services Businesses

26 November 2014 - Shale-Inland Holdings LLC announced the closing of a transaction for the sale of the majority of the assets of Main Steel & Polishing Inc., Shale-Inland Stamping & Fabricating LLC and Metals Inc. (collectively referred to as F&DS) to an affiliate of the investment firm Peak Rock Capital.

AISI: September Steel Shipments Down 1.3% From August

26 November 2014 - The American Iron and Steel Institute (AISI) reported that for the month of September 2014, U.S. steel mills shipped 8,372,929 tons, a 1.3% decrease from the 8,480,954 tons shipped in the previous month, August 2014, and a 6.3% increase from the 7,879,747 tons shipped in September 2013.

ATI Announces Order, Largest Project Participation in Company History

25 November 2014 - Allegheny Technologies Incorporated has received an additional order for its nickel-based alloy plate to be used in a large oil & gas pipeline project.