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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.

AIIS: Economically Sound Reason for Rise in Imports in May 2014

08 July 2014 - U.S. steel imports continued to grow in May 2014, and the U.S. has brought in nearly a third more steel through the first five months of the year than it did during the same time last year, the American Institute for International Steel (AIIS) reported.

Universal Stainless Promotes Christopher Zimmer to Executive VP and CCO

08 July 2014 - Universal Stainless & Alloy Products Inc. announced that Christopher M. Zimmer has been named executive vice president and chief commercial officer of the company.

AISI: Preliminary Steel Imports Rise 7% in May 2014

08 July 2014 - Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 4,016,000 tons of steel in May, including 2,925,000 tons of finished steel (up 7.4% and 6.4%, respectively, vs. April final data).

AK Steel Announces Stainless Steel Price Increase

08 July 2014 - AK Steel said on 24 June 2014 that it will increase base prices for all of its stainless steel products, effective with shipments on 6 July 2014.

Samuel Winnipeg Announces Aggressive Expansion Plans

07 July 2014 - Samuel, Son & Co., Ltd., is investing more than US$16 million in an expansion project to be completed over the next 12 months at its Winnipeg, Man., Canada, facility.

U.S. Steel Shipments Drop 1.2% from March to April 2014

07 July 2014 - The American Iron and Steel Institute (AISI) reported that for the month of April 2014, U.S. steel mills shipped 8,235,096 tons, a 1.2% decrease from the 8,337,578 tons shipped in the previous month, March 2014, and a 3.2% increase from the 7,978,531 tons shipped in April 2013.

World Crude Steel Production Increases in May 2014

07 July 2014 - World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 141 million metric tons in May 2014, an increase of 2.2% compared to May 2013.

SteelBenchmarker: HRB Price Ticks Down

07 July 2014 - The bi-monthly SteelBenchmarker™ United States HRB spot price for 23 June 2014 fell 1.3% to US$740 per metric ton for the second consecutive time.

India's Steel Capacity From Eastern Region Set to Rise

03 July 2014 - Eastern region is set to push India's steel capacity with an investment of nearly Rs 9 lakh crore for creating an additional 160 million tonnes per annum (mtpa) capacity in the next 10-15 years.

Tata Steel to Cut 400 Jobs in UK's South Wales

03 July 2014 - Tata Steel said on Tuesday it will cut about 400 jobs at its Port Talbot plant in South Wales, around 10 percent of the workforce, as it looks to reduce costs in order to compete more strongly in the EU's manufacturing industry.

Durgapur Steel Plants records 7% growth in finished steel output in Q1

03 July 2014 - Durgapur Steel Plant of SAIL recorded 7 per cent growth in finished steel production in Q1 (April-June) of this fiscal.

Siemens to Supply Bar Rolling Mill to Thai Steel

02 July 2014 - Siemens Metals Technologies has received an order from Thai Steel Profile Co. Ltd. (Thai Steel) to supply a new bar rolling mill for its plant in Rayong, Thailand.

Olympic Steel Increases and Extends Asset-Based Lending Agreement

01 July 2014 - Olympic Steel Inc., a leading national metals service center, today announced that it has amended and extended its existing asset-based credit facility.

Schnitzer Steel Industries Inc. (SSI) Financial Results for Q3 FY 2014

01 July 2014 - Schnitzer Steel Industries, Inc. (SSI) reported financial results for Q3 FY 2014 (period ended May 31, 2014).

Worthington Industries Inc. Financial Results for for Q4 FY 2014 and Full-Year FY 2014

01 July 2014 - Worthington Industries, Inc. (Worthington) reported financial results for Q4 FY 2014 and full-year FY 2014 (period ended May 31, 2014).

ArcelorMittal SA to Install Two Heat Exchangers for HVAC Industry

01 July 2014 - ArcelorMittal SA (ArcelorMittal) announced that a Company plant in Trevoux in Rhone-Alpes, France, will install two innovative production tools to produce customized heat exchangers for the heating, ventilation, and air conditioning (HVAC) industry.

TimkenSteel Corporation Debuts as a Public Company Following Spinoff

01 July 2014 - TimkenSteel Corporation (NYSE: TMST, timkensteel.com), a leader in customized alloy steel products and services, today announced the completion of its spinoff from The Timken Company.

AZZ Completes Acquisition of Minnesota Galvanizing Facility

01 July 2014 - Acquisition strengthens market leadership position; Increases to 36 the number of galvanizing facilities in North America

Oerlikon Leybold Vacuum Obtains ATEX Certificate for Steel Degassing Vacuum Systems

30 June 2014 - In recent decades, the demand for higher-quality, refined steels has increased steadily.

Quaker Acquires Remaining Interest In Australian Affiliate

30 June 2014 - Quaker Chemical Corporation (NYSE: KWR) announced today that it has acquired the remaining 49% ownership interest in its Australian affiliate, Quaker Chemical (Australasia) Pty. Limited ("QCA") for A$8 million from its joint venture partner, Nuplex Industries.

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