Steel News

Carpenter Reports Improving Quarterly Results

30 July 2014 - Carpenter Technology Corporation announced financial results for the quarter ended 30 June 2014.

AISI: Preliminary Count Shows U.S. Imports Dropped 11% in June

30 July 2014 - Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 3,586,000 tons of steel in June 2014, including 2,706,000 tons of finished steel (down 11.1% and 8.0%, respectively, vs. May final data).

GrafTech Reports Results in Challenging Environment

30 July 2014 - As it reported its quarterly financial results, GrafTech International said that it expects to operate its graphite electrode facilities at full capacity in the second half of the year.

AK Steel Reports Improved Second Quarter Results

29 July 2014 - AK Steel reported its financial results for the second quarter of 2014.

AIIS: U.S. Steel Imports Decline 11% in June

29 July 2014 - U.S. steel imports dropped more than 11% in June 2014, the first monthly decline since March 2014, according to government data analyzed by the American Institute for International Steel (AIIS).

SMS Meer to Supply Cooling Bed for Bar Mill Modernization at Deutsche Edelstahlwerke

29 July 2014 - Deutsche Edelstahlwerke has ordered a new rake-type cooling bed from SMS Meer for its Siegen works in Germany as part of the modernization of its bar mill.

Reliance Steel Reports Record Quarterly Sales in Q2

29 July 2014 - While the company was somewhat disappointed with demand growth in the second quarter, Reliance does expect the economy to continue to improve with the potential for continued volume improvement in the second half of 2014.

ThyssenKrupp Steel Europe Investing €90 Million to Modernize Continuous Caster in Duisburg-Beeckerwerth

29 July 2014 - The current reline of blast furnace 2 in Duisburg-Schwelgern is being used as an opportunity to modernize a further key facility of ThyssenKrupp Steel Europe: Work has started on revamping one of the continuous casters in Duisburg-Beeckerwerth.

voestalpine Stahl to Equip Linz Works with 28 Warehouse Management Systems

28 July 2014 - voestalpine Stahl GmbH has awarded 3tn the order to supply 28 TWMS/metals warehouse management systems for its Linz works.

Metinvest’s Avdiivka Coke Restores Production Capacity

28 July 2014 - Metinvest Group's Avdiivka Coke in Ukraine continues to restore areas that were damaged during an artillery attack on the night of 21–22 July.

SunCoke Energy Inc. Reports Second Quarter 2014 Results

28 July 2014 - SunCoke Energy Inc. reported second quarter 2014 net loss attributable to shareholders of US$49.2 million, or US$0.71 per diluted share.

New Electrical Power Unit Helps ArcelorMittal Bottrop Coke Plant Cut Energy Use

28 July 2014 - ArcelorMittal Bottrop in Germany has invested in a cutting-edge electrical power unit which not only produces electricity but also doubles up as a pressure reducing station.

Jindal Chooses GE Power Conversion to Help Triple Output of Steel Plants in India

25 July 2014 - GE’s Power Conversion business announced that Jindal Steel & Power Limited (JSPL) has chosen GE Power Conversion’s AC motors and drives to upgrade the steckel mill at its Raigarh Steel Plant, Chhattisgarh, India.

SSAB Reports Positive H1 Results, Provides Outlook for Remainder of Year

25 July 2014 - SSAB said it expects its North American operations to continue to develop positively during the second half of 2014, driven by an improved market and positive effects of previous price increases.

NLMK Awarded Honorary Certificate of the Russian Government

25 July 2014 - The honorary certificate of the Government of the Russian Federation has been awarded to NLMK workers in recognition of the contribution they have made to the development of the country’s steelmaking.

SunCoke Energy Inc. Provides Update on Coal Mining Divestiture

25 July 2014 - On 17 July 2014, SunCoke Energy Inc.’s Board of Directors authorized the sale or other disposal of its Coal Mining business. It currently anticipates a transaction by year-end 2014.

U.S. Will Not Sunset Duties on Steel Threaded Rod

25 July 2014 - The U.S. International Trade Commission determined that revoking the existing antidumping duty order on steel threaded rod from China would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time.

Welded Tube of Canada Supports Evraz, Tenaris Complaint Against OCTG Imports

25 July 2014 - Welded Tube of Canada announced that it is pleased with the decision by the Canadian Border Services Agency to initiate an investigation against those countries whose dumped and subsidized exports of oil country tubular goods (OCTG) have caused injury to Canadian producers.

Nucor Reports Improved Mill Performance in Second Quarter

24 July 2014 - As it reported its second quarter earnings results, Nucor said it expects to see a stronger improvement in earnings in the third quarter.

GE Power Conversion Helping SAIL Increase Production Capacity at Bokaro Steel Plant

24 July 2014 - GE’s Power Conversion business will supply the Steel Authority of India Limited’s (SAIL) plant in Bokaro Steel City, India, with DC variable speed drives and automation for a cold rolling 4-hi tandem mill.