Steel News

AK Steel Announces Stainless Steel Price Increase

23 December 2013 - AK Steel said that, in addition to the stainless steel price increase announced by the company on 22 November 2013, the company will also increase base prices for all of its remaining stainless steel products, effective with shipments on 1 January 2014.

Severstal Completes Maintenance at Cherepovets Steel Mill

20 December 2013 - The Cherepovets Steel Mill, part of the Russian Steel division of OAO Severstal, completed capital maintenance of its No. 2 converter.

Global Steel Production Up 3.6% Y-o-Y in November 2013

20 December 2013 - World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 127 million tonnes in November 2013, an increase of 3.6% compared to November 2012.

AK Steel Announces Executive Retirement

20 December 2013 - AK Steel said that John F. Kaloski, executive vice president and operating officer of AK Steel, has elected to retire from the company, effective 31 January 2014.

SDI Appoints New Board Member

20 December 2013 - Steel Dynamics, Inc. announced that Bradley S. Seaman has been appointed to its Board of Directors as an independent director, to fill a vacancy created by the untimely death on 18 October 2013 of board member James A. Trethewey.

Outokumpu Granted Relief from German Renewable Energy Charge for 2013

20 December 2013 - After a constructive dialogue and a clarification of Outokumpu’s application and appeal, Outokumpu has now received a reduction to the applicable German renewable energy charge for the year 2013.

New Millennium Iron Announces New President and CEO

19 December 2013 - New Millennium Iron Corp. (NML) announced that Mr. Robert Patzelt, Q.C., will join NML effective 13 January 2014 as president and chief executive officer and a director of the corporation.

Abresist Kalenborn Corp. Announces Company Name Change

19 December 2013 - Abresist Kalenborn Corp. has changed its name to Kalenborn Abresist Corp., effective 1 January 2014.

AK Steel Provides Fourth Quarter 2013 Guidance

19 December 2013 - AK Steel provided guidance for its fourth quarter of 2013 financial results, noting that it has seen stronger demand in the fourth quarter compared to the third quarter, particularly in carbon sales to the spot market.

SSAB Adds New Manufacturing Capabilities at its Montreal Facility

19 December 2013 - With this new equipment, SSAB now offers the most comprehensive line of wear products and solutions in the region combining wear plate, chromium carbide overlay and extensive manufacturing capabilities with exceptional application knowledge.

U.S. Agency Vote Will Result in Continuation of Duties on Hot Rolled Steel Imports

19 December 2013 - In a sunset review, the U.S. International Trade Commission determined that revoking import duties on hot rolled steel from six countries would be likely to harm the domestic steel industry.

Patriot Coal Emerges from Bankruptcy as Well-Capitalized Private Company

19 December 2013 - Patriot Coal Corp. announced its emergence from Chapter 11 as a reorganized company.

Siemens Makes Acquisition Enhancing Industry Software Portfolio

19 December 2013 - Siemens has entered into an agreement to acquire TESIS PLMware, a recognized leader in the integration of product lifecycle management (PLM) software with other enterprise applications, further enhancing Siemens' industry software portfolio.

Ruukki to Invest €2.5 Million in Steel Construction Research

18 December 2013 - Ruukki signed a framework agreement for a Steel Construction Excellence Center on 18 December 2013 in Hämeenlinna, Finland.

Kobe Steel's High Corrosion-Resistant Steel KPAC-1 Adopted for Use in Ship Construction

18 December 2013 - Kobe Steel, Ltd. has developed a steel plate called KPAC-1 that meets the new standards of corrosion protection for tanks used in crude oil tankers.

Steel Dynamics Provides Fourth Quarter 2013 Earnings Guidance

18 December 2013 - Steel Dynamics Inc. provided fourth quarter earnings guidance, also commenting on current and expected future market conditions.

Altra Industrial Motion Completes Acquisition of Svendborg Brakes

18 December 2013 - Altra Industrial Motion Corp. has closed on the acquisition of Svendborg Brakes A/S and S.B. Patent Holding ApS (together “Svendborg"), a leading global manufacturer of premium quality caliper brakes.

SMS Reports Low Order Intake, Expects Significant Decrease in Profits

18 December 2013 - As in 2012, the order intake by the SMS group will be below target for 2013. A net result well short of the previous year is anticipated.

Majestic Steel USA Acquires Flatrolled Steel, Inc. Assets

18 December 2013 - Majestic Steel USA, a leading steel service center, has completed the acquisition of the business and assets of Flatrolled Steel, Inc.

Discovery Channel Films 'How Do They Do It?' at ArcelorMittal

17 December 2013 - The Discovery Channel has filmed an episode of its popular “How do they do it?” series at ArcelorMittal and Volkswagen, focusing on how a car is made from start to finish — including the manufacturing process for its advanced high strength Usibor® steel, through to a finished Golf VII.