Steel News

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.

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.