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AIST's Steel News provides the steel community with technological and innovative news on the people, producers and suppliers in the North American and international steel communities.

PwC US Says Overcapacity Continues to Impact M&A Activity in Steel Sector

02 August 2013 - While merger and acquisition (M&A) activity in the global metals sector has seen continued declines in both deal value and volume during the second quarter of 2013, China and other emerging markets played a significant role in the overall deal environment, according to PwC US.

GrafTech Reports Second Quarter 2013 Results

02 August 2013 - As it announced its second quarter financial results, GrafTech International said the environment for its Industrial Materials products remains very difficult as steel production outside of China continues to decline year-over-year and that the weakness is further exacerbated by overcapacity in the graphite electrode industry.

2012 Was Record Year for Global Stainless Production, But Increase Uneven

02 August 2013 - The International Stainless Steel Forum (ISSF) has released preliminary figures for 2012 which show that stainless steel production grew by 5.2% to reach a record high of 35.4 million metric tonnes. China accounted for the increase in production, with other regions of the world showing negative growth, mainly due to de-stocking.

LKAB Names New Senior Vice President Sales

02 August 2013 - Peter Schmid, MSc., currently president of the LKAB subsidiary LKAB Wassara AB, has been appointed senior vice president sales for the LKAB Group and will be stationed at LKAB's head office in Luleå, Sweden. He will assume his new position on 1 August 2013.

METALLOINVEST Announces Second Quarter Operational Results

02 August 2013 - METALLOINVEST, a Russia-based iron ore and HBI producer, announced its operational results for the second quarter of 2013.

OAO Severstal Announces Management Structure Optimization

02 August 2013 - Further to the management and organizational changes announced by OAO Severstal on 15 July, the company announces further changes to optimize its management structure in order to achieve its stated goals of improving efficiency and reducing costs.

Siemens AG Announces Changes in Leadership

02 August 2013 - Joe Kaeser, chief financial officer (CFO) of Siemens AG since 2006, has been designated the new president and CEO of Siemens AG, effective 1 August 2013. A new CFO will be appointed very shortly. The current CEO Peter Löscher resigned his position and is leaving the Managing Board of Siemens AG by mutual consent. These changes were unanimously approved by the Supervisory Board of Siemens AG.

Outokumpu Wins a New Contract with Casa de Moneda de Mexico

01 August 2013 - Outokumpu has won a contract with Casa de Moneda de Mexico (The Mexican Mint) supplying coin blanks to support the Latin American marketplace.

Severstal Upgrading Cherepovets Steel Mill's Cold Rolling Mill

01 August 2013 - The Cherepovets Steel Mill, a major integrated steelmaker and part of the Russian Steel division of OAO Severstal, one of the world’s leading steel and steel-related mining companies, announced that it is to upgrade its 4−stand cold reduction mill to improve product quality, reduce costs and increase output.

EVRAZ Gives Second Quarter 2013 Production Report

01 August 2013 - EVRAZ plc released its operational results for the second quarter of 2013, noting that its key steelmaking facilities in Russia and North America continued operating at high utilization rates during the quarter.

Report: Work Continues at Severstal Columbus Following Accident

01 August 2013 - Crews will have to repair one of the lines at Severstal in Columbus after a ladel of steel spilled Tuesday night, according to a local report from WTVA.

Gerdau's Steel Shipments Grew Quarter-on-Quarter But Down Year-on-Year

01 August 2013 - Brazil-based Gerdau reported that shipments of steel products reached 4.6 million tonnes in the 2Q13, a 3% reduction when compared to 2Q12, however an increase of 1.7% compared to 1Q13.

Reuters: U. S. Steel's Locked-Out Canada Workers Reject Contract Proposal

01 August 2013 - Workers locked out at United States Steel Corp's Lake Erie works in Canada have voted to reject the steelmaker's contract proposal, their union said on Wednesday, according to a Reuters report.

Mechel Disposes of Several Ferroalloy Assets

01 August 2013 - Mechel OAO announced the signing of an agreement for the sale of several ferroalloys assets to Turkey's Yildirim Group.

AK Steel Comments on China's Failure to Implement WTO Rulings in Electrical Steel Case

01 August 2013 - AK Steel said it will request that the U.S. Government seek WTO authorization to impose retaliatory tariffs against certain imports from China until China comes into compliance by revoking the antidumping and countervailing duty measures on grain oriented electrical steel from the U.S.

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