Steel News

SMA Applauds Senate Passage of Highway Trust Fund Bill

04 August 2014 - The Steel Manufacturers Association (SMA) commends the U.S. Senate for passing H.R. 5021 and funding the Highway Trust Fund with US$11 billion through May 2015.

Severstal Commissions New Long Product Mini-Mill in the Saratov Region

01 August 2014 - On 28 July 2014, OAO Severstal held the official presentation of the Balakovo Long Product Mill project in the Saratov Region of Russia.

Gerdau Sees Continued Demand Growth in North America

01 August 2014 - Gerdau's net revenue reached R$10.4 billion (US$4.6 billion) in the second quarter of 2014, an increase of 5.7% over the same period last year. This expansion was due especially to the continued growth in demand for steel in North America, which is one of Gerdau's main markets.

Severstal NA's Results a 'Testament to Transformation' Taking Place at Company

01 August 2014 - Severstal North America (SNA), a leading steel producer in the United States and a subsidiary of Severstal, reported another strong financial performance in the second quarter of 2014.

Altra Industrial Motion Acquires Guardian Industries

01 August 2014 - Altra Industrial Motion Corp., a global manufacturer and marketer of electromechanical power transmission and motion control products, announced the acquisition of Guardian Industries Inc.

Schenck Process’ LegalWeight Rail Scale Receives NTEP Certification and Legal-for-Trade Status

01 August 2014 - Schenck Process, a global market leader of measuring and process technology solutions, announced its railcar weighing system has achieved legal-for-trade status in North America.

OMK Opens Second Engineering and Technology Center

01 August 2014 - Russia’s United Metallurgical Company (OMK) has opened its own engineering and technology center (ETC) in Ufa.

TimkenSteel's Sales Growth Driven by Energy, Industrial Market Sectors

31 July 2014 - TimkenSteel Corp., a leader in customized alloy steel products and services, reported second-quarter net income of US$28.6 million on US$442.2 million of net sales, compared to net income of US$25.3 million on net sales of US$354.1 million in the second quarter of 2013.

Edwards’ Degassing System Brings Environmental, Economic Benefits to Italian Steel Manufacturer

31 July 2014 - Edwards has installed a modular steel degassing system in a large steel producer in Italy, replacing an existing steam ejector system which had high running costs and energy usage.

Leeco Steel Names Vice President of Purchasing

31 July 2014 - Leeco Steel, one of the largest suppliers of steel plate in North America, has appointed Ryan Murphy as vice president of purchasing.

Quintiq Acquired by Dassault Systèmes

31 July 2014 - Dassault Systèmes — a 3DEXPERIENCE company and world leader in 3D design software, 3D digital mock up and product lifecycle management (PLM) solutions — announced the signing of a definitive share purchase agreement for Dassault Systèmes to acquire Quintiq, a leading provider of on-premise and on-cloud supply chain and operations planning & optimization software, for approximately €250 million.

Metinvest Reduces Operations at Some Facilities Due to Situation in Ukraine

31 July 2014 - Due to continuing military action, freight transportation via Donetsk Railways in Avdiivka-Yasynuvata (Donetsk oblast) has been interrupted and partially blocked, compromising the supply of raw materials to Metinvest’s Ilyich Iron & Steel Works of Mariupol and Azovstal.

SteelBenchmarker: HRB Price Stagnation Continues

31 July 2014 - The bi-monthly SteelBenchmarker™ United States HRB spot price for 28 July 2014 increased 0.1% to US$742 per metric ton for the second consecutive time.

Modernization of Blast Furnace 2 at ThyssenKrupp Duisburg-Schwelgern Making Good Progress

31 July 2014 - The modernization of blast furnace 2 in Duisburg-Schwelgern is proceeding according to schedule.

U. S. Steel Posts US$18 Million Net Loss in Second Quarter

30 July 2014 - U. S. Steel said the impacts of the extraordinary weather conditions and operational issues that began in the first quarter resulted in continuing operating inefficiencies; higher repairs and maintenance costs; and logistical issues that temporarily limited its production capabilities during the second quarter.

Sheri H. Edison Named to AK Steel's Board of Directors

30 July 2014 - Sheri H. Edison has been elected to AK Steel’s Board of Directors, effective 1 August 2014.

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.