Steel News

PwC US Announces New Leaders in Industrial Products Practice

17 October 2014 - PwC US announced four new industry leaders in the firm’s Industrial Products practice, effective immediately.

General Steel and Tewoo Group Sign MoU to Co-Develop Bulk Commodity e-Commerce

17 October 2014 - General Steel Holdings Inc., a non-state-owned steel producer in China, has signed a memorandum of understanding (MOU) with Tewoo Group Co. Ltd., a Fortune Global 500 company, to co-develop bulk commodity e-commerce business.

Insteel Gives Quarterly Update, Provides Outlook

16 October 2014 - Insteel Industries Inc. announced financial results for its fourth quarter and fiscal year ended 27 September 2014.

Steel Institute Applauds Rebar Imports Decision

16 October 2014 - The American Iron and Steel Institute (AISI) issued the following statement on behalf of its U.S. producer members regarding the affirmative determination by the International Trade Commission (ITC) on rebar imports:

Outokumpu Recognized Again in Nordic Climate Disclosure Leadership Index

16 October 2014 - Outokumpu has been recognized as a leader for the depth and quality of its climate change data disclosed to the investors and the global marketplace by CDP.

EVRAZ Provides Q3 2014 Production Report

16 October 2014 - EVRAZ plc released its operational results for the third quarter of 2014 and its interim management statement.

Tata Steel Europe Signs MoU for Potential Sale of Long Products Business

15 October 2014 - Tata Steel announced the signing of a memorandum of understanding with Klesch Group to undertake detailed due diligence and negotiations for the potential sale of its Long Products Europe business and associated distribution activities.

Ori Martin Revamping with New Consteel Evolution® and a Tenova iRecovery System

15 October 2014 - A new Consteel® Evolution combined with a Tenova iRecovery system will guarantee Ori Martin a reduction in the consumption to the lowest level while contributing district heating to the local community.

BlueScope Provides Update on Fire at Port Kembla Steelworks

15 October 2014 - BlueScope confirmed that the fire on Monday, 13 October 2014 at the Sinter Plant at the Port Kembla Steelworks has been fully extinguished.

SMS Siemag Revamping 20-Roll Cold Mill at Outokumpu Nirosta

15 October 2014 - Outokumpu Nirosta in Krefeld, Germany, has awarded SMS Siemag an order to modernize the 20-roll cold mill “SG3” of type MB 21BB-61“.

Import Duties to be Placed on Rebar from Mexico, Turkey After U.S. Agency Vote

15 October 2014 - The United States International Trade Commission determined that a U.S. industry is materially injured by reason of imports of steel concrete reinforcing bar from Mexico that are sold in the United States at less than fair value and from Turkey that are subsidized by the government of Turkey.

Mechel Reports First Half 2014 Financial Results

15 October 2014 - Mechel OAO announced financial results for the first half of 2014.

BlueScope Reports Fire at Port Kembla Steelworks Waste Gas Cleaning Plant

14 October 2014 - Around 5:30pm on the afternoon of 13 October 2014, there was a fire at the waste gas cleaning plant stack located in the sinter plant at BlueScope Steel’s Port Kembla Steelworks.

Essar Steel Algoma Reports Increases in Shipments, Earnings

14 October 2014 - Essar Steel Algoma Inc. reported today CA$85.2 million in EBITDA for the three month period ended 30 September 2014.

SSAB Announces 2014 Swedish Steel Prize Finalists

14 October 2014 - New and innovative solutions, high quality and increased competitiveness characterize this year’s four finalists for the Swedish Steel Prize.

Olympic Steel Names General Manager and Purchasing Manager of Winder Division

14 October 2014 - Olympic Steel Inc. announced the promotion of Ty Deinema to the position of general manager — Winder Division. Also, Aaron Nichol takes on the role of purchasing manager, in addition to his duties as division sales manager at the company's Winder Division.

EUROFER Market Update: EU Steel Imports Continue to Rise

14 October 2014 - The latest EU customs statistics show that third country imports remained on a rising trend in July and August: finished steel imports rose 32% year-on-year, compared with a 6% rise in Q1 and 33% rise in Q2, according to analysis from EUROFER.

ATI Announces Flat Rolled Products Leadership Transition

13 October 2014 - Allegheny Technologies Inc. announced that Terry L. Dunlap, executive vice president, ATI Flat Rolled Products Group, has announced his decision to retire from ATI effective 31 December 2014, and that Robert S. Wetherbee, president, ATI Flat Rolled Products, will succeed Mr. Dunlap as executive vice president of the group effective 1 January 2015.

World Steel Association Elects New Officers, Welcomes New Members

13 October 2014 - The Board of Directors of the World Steel Association (worldsteel) has elected the following new officers for 2014/2015 at worldsteel’s 48th Annual Conference in Moscow, Russia.

U. S. Steel Names Vice President - International Trade and Global Public Policy

13 October 2014 - United States Steel Corporation announced the appointment of Debbie Leilani Shon to vice president - international trade and global public policy.