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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.
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.
Grupo Sarralle Will Install Complete Steel Mill for Siderùrgica Latino-Americana (Silat) in Brazil
30 June 2014 - Once in operation, the Greenfield project will allow for the production of 700,000 tpy of finished product (namely rebar, wire rod and mesh).
Mechel Announces Results of Its Annual General Shareholders' Meeting
30 June 2014 - Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, announces that its Annual General Shareholders' Meeting was held today.
Siemens and Baosteel Cooperate in Slag Granulation Solutions
30 June 2014 - Siemens Metals Technologies and Baosteel Engineering & Technology Group Co. Ltd., a subsidiary of the Baosteel group, will be cooperating in future in the granulation of slag produced in BOF converters and electric arc furnaces.
German Automotive Industry Benefits From New Slitter For Advanced and Ultra High-Strength Steels
27 June 2014 - Europe’s second largest steel producer, Tata Steel, has further strengthened its commitment to the automotive industry with the unveiling of its new slitting line to process advanced and ultra high-strength steels.
Change at the Helm of LAP
27 June 2014 - Uwe Bernhard Wache has taken over the top management position at LAP GmbH Laser Applikationen, the company announced today.
Commercial Metals Company Announces Entrance Into Fourth Amended and Restated Credit Agreement
27 June 2014 - Commercial Metals Company (NYSE: CMC) today announced financial results for its third quarter ended May 31, 2014. Net earnings attributable to CMC for the third quarter were $23.6 million, or $0.20 per diluted share, on net sales of $1.8 billion.
