Steel News

ArcelorMittal Europe Raises Growth Forecast After Second Consecutive Quarter of Improvements

05 August 2014 - ArcelorMittal Europe announced its results for the second quarter of 2014.

ANDRITZ to Supply New Pickling And Galvanizing Line to Rizhao Steel

05 August 2014 - International technology Group ANDRITZ has received an order to supply a pickling and galvanizing line for hot rolled steel strip from Rizhao Steel Holding Group, one of China’s leading steel producers.

Universal Stainless Earnings Boosted by Increasing Demand from Aerospace

05 August 2014 - Universal Stainless & Alloy Products Inc. reported that net sales for the second quarter of 2014 were US$52.3 million, an increase of 12% from the first quarter of 2014 and 22% higher than the second quarter of 2013.

voestalpine Significantly Improves Results in First Quarter of 2014/15

05 August 2014 - “Despite ongoing inconsistent economic trends in the most important economic regions worldwide, the voestalpine Group’s results in the first quarter of the business year 2014/15 continued to be solid,” said Wolfgang Eder, CEO and chairman of the Management Board of voestalpine AG.

Nucor Executive VP Keith Grass To Retire; Joe Stratman to Assume Responsibilities

04 August 2014 - Keith Grass, Nucor's executive vice president of raw materials and chief executive officer of The David J. Joseph Company (DJJ), plans to retire effective 12 September 2014.

Gerdau Completes Construction of Vacuum Degasser at Michigan Mill

04 August 2014 - Gerdau’s capital improvement projects at its special steel producing mill in Monroe, Mich., are making progress. In May 2014, the global steel company completed construction and start-up of its new twin tank vacuum degassing system, which was supplied by Danieli.

VOD from Siemens Launched at voestalpine Giesserei Linz

04 August 2014 - A vacuum oxygen decarburization (VOD) plant from Siemens Metals Technologies with a capacity of 50 metric tons commenced operation at voestalpine Giesserei Linz GmbH.

Harsco Names CEO and Non-Executive Board Chairman

04 August 2014 - Harsco Corp. announced the completion of its previously announced executive leadership plans with the appointment of F. Nicholas Grasberger as the company's president and chief executive officer, effective immediately.

ArcelorMittal Increases Steel Demand Forecast for Europe and U.S.

04 August 2014 - ArcelorMittal announced results for the three and six month periods ended 30 June 2014.

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.