Steel News

SANGRAF International Names New CEO, Opens European Office

09 October 2014 - SANGRAF International SA, a global manufacturer of premium graphite electrodes, announced the opening of its European office in Geneva, Switzerland, to service customers in Europe, the Middle East and Africa (EMEA).

Lincoln Electric Acquires EASOM Automation Systems

09 October 2014 - Lincoln Electric Holdings Inc. has acquired EASOM Automation Systems Inc.

Nucor Completes Acquisition of Gallatin Steel

08 October 2014 - Nucor Corp. has closed on its purchase of all the equity of Gallatin Steel Co. for approximately US$770 million.

U.S. Steel Exports Show Monthly Increase, Yearly Decline

08 October 2014 - Steel exports from the U.S. bounced back in August following a late spring-early summer dip, according to the American Institute for International Steel (AIIS).

worldsteel Reports on Sustainability Performance of the Steel Industry

08 October 2014 - worldsteel has published its 2014 Sustainability Indicators, presenting the steel industry’s progress in sustainability performance over the past decade.

Munroe Adds Oxygen Lances to Product Line

08 October 2014 - Munroe Inc. has added oxygen lances to its line of products and has already manufactured and shipped its first lance order to a major Michigan steel manufacturer.

Universal Stainless to Ring Nasdaq Closing Bell to Mark 20th Anniversary

08 October 2014 - Universal Stainless & Alloy Products Inc. announced that in celebration of the company's 20th anniversary, Dennis Oates, chairman, president and CEO, will ring The Nasdaq Stock Market Closing Bell. The company is also marking its 20th year as a Nasdaq-listed company.

worldsteel Announces Winners of the 5th Steelie Awards

07 October 2014 - The World Steel Association (worldsteel) hosted its fifth Steelie Awards ceremony and announced the winners at the annual dinner of the 48th worldsteel conference in Moscow on 6 October 2014. The trophies, known as Steelies, were awarded in seven categories this year.

worldsteel Forecasts Global Apparent Steel use to Rise 2% in 2014 and 2015

07 October 2014 - The World Steel Association (worldsteel) released its Short Range Outlook (SRO) for 2014 and 2015.

AISI Releases September Import Data; Import Market Share at 28%

07 October 2014 - Based on the U.S. Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and Steel Institute (AISI) reported that steel import permit applications for the month of September total 3,879,000 tons*.

U. S. Steel to Invest in Mon Valley Works, Keep HQ in Pennsylvania

06 October 2014 - In recognition of National Manufacturing Day on 3 October 2014, Pennsylvania Governor Tom Corbett joined officials from the United States Steel Corporation (U. S. Steel) to announce that the company will keep its headquarters in Pennsylvania, invest US$187 million to expand its Mon Valley Works operations, and support 4,300 employees throughout Pennsylvania.

WSD Predicts Short-Lived Gains For Aluminum Before AHSS Takes Over

06 October 2014 - World Steel Dynamics' (WSD) report AutoBody Warfare: Aluminum Attack, based on WSD's independent consultation with steel, aluminum and automotive experts, concludes that steel can easily deliver the weight savings required to meet federally mandated fuel economy targets for most vehicles.

Tube City IMS Receives 48 Safety Awards from National Slag Association

06 October 2014 - Tube City IMS Corp., a provider of outsourced industrial services to steel mills globally, announced that a number of the company's sites received a total of 48 Safety Awards from the National Slag Association (NSA) for 2013, the most of any steel mill services company.

SSAB Making Moves to Lead Industry in Profitability

06 October 2014 - SSAB held its Capital Markets Day in Stockholm on 1 October 2014. SSAB is aiming to be one of the most profitable steel companies by developing its unique product and service offering within high-strength steels globally, and by improving efficiency in its production, distribution and sales of top-quality steel on the home markets in the Nordic region and the U.S.

U.S. Labor Department Files Whistleblower Lawsuit vs. Specialty Steelmaker

03 October 2014 - A lawsuit alleging that North Jackson Specialty Steel terminated a furnace operator for reporting unsafe working conditions at its North Jackson steel mill has been filed by the U.S. Department of Labor.

GrafTech Provides Updated 2014 Guidance, Says Electrode Demand Weakening Outside U.S.

03 October 2014 - GrafTech International Ltd. has revised its 2014 guidance as a result of the continued pressure on products for the consumer electronics end market and a weakening in graphite electrode demand outside of the United States, causing delays in customer shipments in its Industrial Materials segment.

Alpha Natural Resources Provides Update on WARN Notifications

03 October 2014 - Updating its announcement of 31 July, Alpha Natural Resources, Inc. said that three of its operating affiliates have notified their employees that the coal mines where they work are being idled, resulting in job losses. One mine that had expected to be idled will continue to operate, while eight other mines have extended the period of time they will continue to operate.

A. M. Castle & Co. Appoints Interim CFO

03 October 2014 - A. M. Castle & Co., a global distributor of specialty metal and plastic products, value-added services, and supply chain solutions, announced the appointment of Patrick Anderson as interim chief financial officer effective 26 September 2014.

Nucor Acquisition Of Gallatin Steel Receives Regulatory Approval

02 October 2014 - The Federal Trade Commission has approved Nucor’s US$770 million acquisition of Gallatin Steel Co. and the closing is expected in approximately 10 days.

Steel Institute Testifies to China's Failed WTO Compliance

02 October 2014 - Upon joining the World Trade Organization (WTO) nearly 13 years ago, China pledged to liberalize its economy and bring its trading practices more in line with international norms but evidence shows that China continues to operate as a state capitalist regime, said Kevin Dempsey, senior vice president of public policy for the American Iron and Steel Institute (AISI), in testimony on 1 October 2014 to the interagency Trade Policy Staff Committee (TPSC), headed by the U.S. Trade Representative (USTR).