Steel News

USW Applauds ITC for Continuing Investigation of Welded Line Pipe from Korea and Turkey

01 December 2014 - The United Steelworkers (USW) union said that the International Trade Commission (ITC) took the correct action in voting to continue investigating antidumping and countervailing duties on welded line pipe from Korea and Turkey.

SunCoke Energy Provides Update on Coal Mining Divestiture

01 December 2014 - SunCoke Energy Inc. updated its outlook for the divestiture of its Coal Mining business.

U.S. Agency Votes to Continue Trade Cases on Welded Line Pipe

28 November 2014 - The United States International Trade Commission determined that there is a reasonable indication that a U.S. industry is materially injured by reason of imports of certain welded line pipe from Korea and Turkey that are allegedly subsidized and sold in the U.S. at less than fair value.

SteelBenchmarker: HRB Prices Nosediving

28 November 2014 - In its 208th report, the SteelBenchmarker released nine steel products and three USA scrap prices. Of these, here are four benchmark prices for hot-rolled band for 24 November 2014:

FerrouSouth Installs Red Bud Stretcher Leveler Retrofit

28 November 2014 - FerrouSouth, located in Iuka, Miss., recently installed a Red Bud Industries’ .250” (6 mm) x 72” (1830 mm) stretcher leveler with SUREGRIP® technology in an existing cut-to-length Line.

Synalloy Acquires Specialty Pipe & Tube Inc.

28 November 2014 - Synalloy Corporation, a company that engages in a number of diverse business activities including the production of stainless steel pipe, fiberglass and steel storage tanks, and specialty chemicals, has acquired Specialty Pipe & Tube Inc. Specialty is a master distributor of seamless carbon pipe, with a focus on heavy wall, large diameter products.

Kennametal Board Names Don Nolan Chief Executive Officer

28 November 2014 - The board of directors of Kennametal Inc. announced the appointment of Donald (Don) A. Nolan as the company's president, chief executive officer and member of the board of directors, while electing William R. Newlin, lead director, to serve as chairman of the board, both effective 17 November 2014, facilitating a clear-cut, transparent transition of immediate effect. As previously announced, Carlos Cardoso's retirement is effective 31 December 2014.

Timken Adds to Its Bearing Portfolio with Acquisition of Revolvo

28 November 2014 - The Timken Company announced it has reached agreement with ERIKS NV to acquire the assets of Revolvo Ltd., a specialty bearing company based in Dudley, U.K.

Siemens Presents Industry-Specific Motors for Steel Plants

27 November 2014 - Siemens has developed industry-specific motors for steel plants on the basis of the Simotics 1LE1 motor platform.

The Timken Co. Names New Director

27 November 2014 - The Timken Company's board of directors has elected Maria A. Crowe a director of the company for a term that expires at its May 2015 annual meeting. The election brings The Timken Company board to 11 directors.

MISCOR Group Names New VP of Finance

27 November 2014 - MISCOR Group announced it has named Edward Zeuch as vice president of finance.

Markets on the Upswing: CRU 2014 North American Steel Conference

26 November 2014 - Each year, CRU holds its North American Steel Conference in Chicago, Ill., USA, featuring the latest updates from new and established market players, market and pricing forecasts, and the latest on the international trading front.

WorldAutoSteel Case Studies Stress Need For Lifecycle Mindset In Vehicle Emissions Regulations

26 November 2014 - WorldAutoSteel, the automotive group of the World Steel Association, recently released findings of two new case studies that examine the effect various automotive materials can have on total life cycle greenhouse gas (GHG) emissions for light-duty truck and sport utility vehicle (SUV) classes.

Abakan Secures Strategic Investment from Global Wear-Resistant Clad Plate Manufacturer

26 November 2014 - Abakan Inc. has secured a US$3 million strategic investment from the world’s largest wear-resistant clad plate manufacturer, UP Scientech Materials Corp.

Shale-Inland Holdings Sells Fabrication and Distribution Services Businesses

26 November 2014 - Shale-Inland Holdings LLC announced the closing of a transaction for the sale of the majority of the assets of Main Steel & Polishing Inc., Shale-Inland Stamping & Fabricating LLC and Metals Inc. (collectively referred to as F&DS) to an affiliate of the investment firm Peak Rock Capital.

AISI: September Steel Shipments Down 1.3% From August

26 November 2014 - The American Iron and Steel Institute (AISI) reported that for the month of September 2014, U.S. steel mills shipped 8,372,929 tons, a 1.3% decrease from the 8,480,954 tons shipped in the previous month, August 2014, and a 6.3% increase from the 7,879,747 tons shipped in September 2013.

ATI Announces Order, Largest Project Participation in Company History

25 November 2014 - Allegheny Technologies Incorporated has received an additional order for its nickel-based alloy plate to be used in a large oil & gas pipeline project.

Systems Contracting Named a Top Specialty Contractor

25 November 2014 - Systems Contracting Corporation, a contractor serving the industrial, municipal and commercial construction markets, has been named one of the Top 600 Specialty Contractors nationwide in an annual ranking report released by Engineering News-Record (ENR), a leading U.S. construction/engineering industry publication.

Executive Chairman of EVRAZ North America Awarded Gary Memorial Medal

25 November 2014 - The American Iron and Steel Institute (AISI) announced that Mike Rehwinkel, executive chairman, EVRAZ North America, is the 2014 recipient of the Gary Memorial Medal—the industry’s highest honor.

American Iron and Steel Institute Elects New Board Members

25 November 2014 - The Board of Directors of the American Iron and Steel Institute (AISI) elected three new members to its Board of Directors.