Steel News

AISI: U.S. Steel Imports Fall 4% in Last Month of the Year

31 January 2014 - Based on preliminary U.S. Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 2,502,000 tons of steel in December 2013.

ATI Provides 2013 Results, Outlook for 2014

31 January 2014 - Allegheny Technologies Inc. announced its earnings results for 2013, commenting on progress made throughout the year, as well as commenting on current market conditions.

SunCoke Energy Achieves 2013 Targets Despite Weak Fourth Quarter

31 January 2014 - Reporting on its 2013 results, SunCoke Energy said the same factors affected the fourth quarter as affected the full year, including the current weak coal price environment and lower than expected results at its Indiana Harbor cokemaking facility.

voestalpine to Supply Heavy Plate for South Stream Offshore Pipeline

31 January 2014 - The voestalpine Group chalked up another major contract in the pipeline business.

Taylor-Winfield’s Director of Technology Awarded Counselor Status from AWS

31 January 2014 - Taylor-Winfield Technologies’ director of technology and product development, Robert P. Matteson was presented the prestigious Counselor Award from The American Welding Society (AWS).

U. S. Steel Receives President Obama for Tour, Speech at Mon Valley Works

30 January 2014 - The United States Steel Corporation hosted U. S. President Barack Obama at its Mon Valley Works steel mill outside Pittsburgh, Pa., on 28 January 2014.

Report: U. S. Steel Seeks Permit to Build EAF at Fairfield Works

30 January 2014 - On a conference call Tuesday with analysts, United States Steel Corporation CEO Mario Longhi announced the company has filed a permit requesting to construct an electric arc furnace at its Fairfield Works in Alabama to replace its existing blast furnace, the Pittsburgh Business Times reports.

ArcelorMittal Announces Antitrust Clearance for ThyssenKrupp Steel USA Acquisition

30 January 2014 - ArcelorMittal and Nippon Steel & Sumitomo Metal Corp. are one step closer to acquiring ThyssenKrupp Steel USA.

SAIL’s Rourkela Steel Plant Doubles Production Capacity with New SMS Siemag Slab Caster

30 January 2014 - In 2013, SAIL’s Rourkela Steel Plant (RSP) in Orissa, India, successfully cast the first slabs on the X-Cast® continuous caster supplied by SMS Siemag.

SteelBenchmarker: HRB Prices Hibernating

30 January 2014 - In its 188th report, the SteelBenchmarker released 10 steel product and 3 USA scrap prices. Of these, here are four benchmark prices for hot-rolled band for 27 January 2014:

Cliffs Natural Resources Announces Executive Changes

30 January 2014 - Cliffs Natural Resources’ president and chief operating officer Gary B. Halverson made the following executive organizational announcements:

Carpenter Technology Reports Strong Quarter, Sees Positive Signs of Growth

30 January 2014 - Carpenter Technology Corporation announced financial results for the quarter ended 31 December 2013.

Timken Predicts Its Steel Sales to Increase 12–17% This Year

30 January 2014 - As it reported its 2013 earnings results, The Timken Company said the spinoff of its steel business into a separate company should be complete by the middle of 2014.

Siempelkamp Recovers Stored Energy with Pipe Forming Presses

29 January 2014 - At TUBE 2014 Siempelkamp introduced pipe forming presses with an innovative energy-efficient drive system.

AIIS: U.S. Steel Imports Decline Again in December; "Disappointing" 2013

29 January 2014 - U.S. steel imports declined 3.5% in December 2013 compared to the previous month, based on preliminary government reporting analyzed by the American Institute for International Steel (AIIS).

POSCO Chooses New CEO

29 January 2014 - POSCO president Kwon Oh-joon has been selected as the company’s next CEO, following Joon-Yang Chung’s resignation.

ATI Names Chief Commercial and Marketing Officer

29 January 2014 - Allegheny Technologies Inc. announced that Kevin B. Kramer has been named senior vice president, chief commercial and marketing officer, effective 3 February 2014.

POSCO Completes Construction of Second Continuous Galvanizing Line in Mexico

28 January 2014 - On 28 January 2014, POSCO completed construction of a second continuous galvanizing line (2CGL) with an annual capacity of 500,000 tons, in Altamira, Tamaulipas state, Mexico.

Nucor Reports Improvements in Sheet as Longs Segment Performance Decreases

28 January 2014 - Nucor Corporation announced consolidated net earnings of US$488.0 million for the full year 2013, compared with consolidated net earnings of US$504.6 million for the full year 2012.

U. S. Steel Reports Results, Continues "Multi-Year Journey" to Profitability

28 January 2014 - United States Steel Corporation reported a fourth quarter 2013 net loss of US$122 million compared to a third quarter 2013 net loss of US$1,791 million and fourth quarter 2012 net loss of US$50 million.