Steel News

General Steel Receives Notice Regarding NYSE Listing Criteria

04 October 2013 - General Steel Holdings, Inc., a leading non-state-owned steel producer in China, announced that on 26 September 2013, it received a notice from the New York Stock Exchange (NYSE) that the company is currently below the NYSE's continued listing standards.

Severstal North America Achieves 42% Weight Reduction in Steel Vehicle Parts

03 October 2013 - Severstal North America (SNA), one of the largest steel producers in the U.S., is helping its automotive customers achieve lighter weight, stronger vehicles using the latest Computer Aided Engineering (CAE) technologies, state-of-the-art manufacturing equipment and new grades of high-strength and high-formability steel, all while keeping costs low.

Evraz Stratcor Names New CEO

02 October 2013 - Brandon Davis has been named chief executive officer of EVRAZ Stratcor, Inc., one of the world’s leading producers of specialty vanadium alloys and chemicals used by the titanium, chemical, and steel industries.

SeAH Steel Puts Pipe Forming Press from SMS Meer Into Operation

02 October 2013 - In Pohang, South Korea, tube manufacturer SeAH Steel Corporation has taken a JCO® pipe forming press from SMS Meer into service.

Universal Stainless Achieves Nadcap and ISO 17025 Lab Testing Certifications for Dunkirk Facility

02 October 2013 - Universal Stainless & Alloy Products, Inc. has achieved both Nadcap and ISO 17025 lab testing certifications at its Dunkirk Specialty Steel facility in Dunkirk, N.Y.

SunCoke Energy Partners Completes Kanawha River Terminals Acquisition

02 October 2013 - On 1 October 2013, SunCoke Energy Partners (SXCP) completed the acquisition of 100% of the ownership interest in Kanawha River Terminals LLC (KRT) for US$86 million.

Worthington Announces Steel Processing Joint Venture in China

02 October 2013 - Worthington Industries, Inc. has reached an agreement in principle to participate in a joint venture near Shanghai, China, to produce cold rolled strip steel primarily for the automotive industry.

Tenigal Begins Automotive Sheet Operations in Mexico

01 October 2013 - On 18 September, Tenigal held an opening ceremony at the plant site near Monterrey, Mexico, welcoming the president of Mexico, and celebrating completion of construction and the start of operations at the 400,000 ton per year facility.

Carpenter Signs Multi-Level Agreement with UTC; Will Build New Facility for Superalloy Powders

01 October 2013 - Carpenter Technology Corporation has reached a multi-level agreement with United Technologies Corporation (UTC), through its Pratt & Whitney Division, which includes licensing technology associated with the production of superalloy powders and a long-term supply agreement.

Sumitomo Corp. to Acquire Edgen Group

01 October 2013 - Sumitomo Corporation (SC) and Sumitomo Corporation of America, Inc. (SCOA), collectively “Sumitomo,” and Edgen Group Inc. announced the signing of a definitive merger agreement whereby Sumitomo will acquire all outstanding shares of Edgen Group Inc. for US$12.00 per share in cash.

Outokumpu Introduces New Industrial Plan in Europe to Improve Financial Performance

01 October 2013 - Outokumpu announced plans for further structural changes in its European operations aimed at improving its financial performance and efficiency, and ultimately returning the company to profitability.

AK Steel Announces Price Increase for Carbon Steel Products

01 October 2013 - AK Steel said today that it has increased current spot market base prices for all carbon flat-rolled steel products.

U. S. Steel Introduces ACRYLUME E PLUS™ as New Member of the ACRYLUME® Family

01 October 2013 - United States Steel Corporation is pleased to announce the addition of a new high-quality, value-added product to its lineup of construction steels that supports green building design and practices, positively impacting these projects' environmental sustainability.

Cliffs Natural Resources Board Elects New Director

01 October 2013 - Cliffs Natural Resources Inc. announced that its Board of Directors has elected Stephen M. Johnson, 62, chairman, president and chief executive officer of McDermott International, Inc. to Cliffs Board.

AK Steel Files Trade Cases Against Non-Oriented Electrical Steel Imports

30 September 2013 - AK Steel has filed antidumping duty petitions charging that unfairly low-priced imports of non-oriented electrical steel (NOES) from six countries are causing material injury to the company.

Severstal North America Completes Restructuring of Senior Leadership Team

30 September 2013 - Severstal North America (SNA), one of the largest steel producers in the U.S. and a subsidiary of Severstal, a global steel and mining company, announced additional changes in its senior leadership team.

U. S. Steel Names New Senior Vice President—Human Resources and Administration

30 September 2013 - United States Steel Corporation announced that Susan M. Suver has advanced to senior vice president – human resources and administration effective 1 October, and will continue to report directly to chief executive officer Mario Longhi.

Siemens Modernizing Blast Furnace at Vizag Steel in India

30 September 2013 - Siemens Metals Technologies has received an order from the state-owned Indian Rashtriya Ispat Nigam Ltd. (RINL) to thoroughly modernize blast furnace No. 2 at the Visakhapatnam Steel Plant (Vizag Steel).

NLMK Group Brings in Strategic Investor for NLMK Europe

30 September 2013 - NLMK is proceeding with the restructuring of its European assets to further improve efficiency and optimize costs with an investment by SOGEPA (Société Wallonne de Gestion et de Participations S.A.), a Belgian state-owned company, in NLMK Europe.

Strategic Alliance Between ArcelorMittal and Sider Finalized for Algeria Investment

30 September 2013 - ArcelorMittal and Sider, an Algerian state-owned company, have finalized a strategic agreement including an investment plan of US$763m for a steel complex at Annaba and mines in Ouenza and Boukhadra.