14 November 2012 - Essar Steel Algoma Inc. says soft markets led to a weaker financial performance in the quarter ended 30 September 2012 but cost reduction efforts and other initiatives should bode well for improved performance in the next quarter.

Danieli Corus Receives Order for Hearth Assessment of Blast Furnace in Ukraine

14 November 2012 - Danieli Corus has received an order from OJSC Zaporizhstal in Ukraine for the execution of a hearth assessment for its Zaporozhye Blast Furnace No. 2.

MMK May Invest Additional $100 Million in Turkish Subsidiary

13 November 2012 - OJSC Magnitogorsk Iron and Steel Works (MMK) is exploring the possibility of investing an additional US$100 million over the medium term into MMK-Metalurji, its Turkish subsidiary, to reduce production costs and increase production efficiency.

Greer Steel Makes Upgrades to Ohio Mill

13 November 2012 - Greer Steel recently made a number of upgrades and improvements to its 18" 4-high reversing mill to improve surface clealiness and Cpk performance of its strip steel products.

AK Steel Expects to Post Another Loss in Fourth Quarter

13 November 2012 - AK Steel provided an update to its outlook for the fourth quarter, expecting shipments just slightly higher than the third quarter but still projecting it will post a net loss for the quarter.

Sutor Regains Compliance with NASDAQ Listing Requirement

13 November 2012 - Sutor Technology Group, a China-based manufacturer and distributor of high-end fine finished steel products and welded steel pipes used by a variety of downstream applications, announced that it has regained compliance with the NASDAQ Stock Market Listing Rules that require maintenance of a minimum $1.00 per share bid price.

U. S. Steel Gets Approaches for Slovak Unit

12 November 2012 - Investors have expressed interest in U.S. Steel Corp’s Slovak unit because of its location, low labour costs and product portfolio, the unit said on Monday, according to a Reuters report.

SMS Siemag to Supply Hydraulic Oscillation System to Gallatin Steel

12 November 2012 - Gallatin Steel, based in Ghent, Ky., has awarded SMS Siemag LLC of Pittsburgh, Pa., a contract to design and supply a hydraulic oscillation system to replace the originally supplied electro-mechanical system.

AK Steel Announces Stainless Steel Price Increase

12 November 2012 - AK Steel said that it will increase base prices for all 200, 300 and 400 series flat rolled stainless steel products, effective with shipments on 30 December 2012.

Carpenter Powder Products and SB Specialty Metals Expand Supply and Marketing Agreement

12 November 2012 - Under an expanded agreement, SB Specialty Metals will purchase 100% of its requirements for PM tool and high speed steels from Carpenter Powder Products.

U. S. Steel Tubular Products Selects Recipient of 2012 Chief Roughneck Award

09 November 2012 - U. S. Steel Tubular Products, Inc., a subsidiary of United States Steel Corporation, announced that Charles D. Davidson, chairman and CEO of Noble Energy, is the recipient of its Chief Roughneck Award for 2012. The announcement was made today at the 83rd annual meeting of the Independent Petroleum Association of America.

Ternium Mexico Expanding and Modernizing Its Pelletizing Plant in Colima

09 November 2012 - Ternium is investing US$36 million to expand and modernize its Alzada pelletizing plant in Colima, Mexico.

Quad Infotech Completes First Phase of Interfacing with Gerdau Global SAP System

09 November 2012 - Quad Infotech has successfully completed the first phase of its implementation of the QMOS-SAP interface for four of Gerdau's North American plants.

Vacuum Degasser at Ural Steel Begins Industrial Production

09 November 2012 - A vacuum degasser began industrial production at the electric arc furnace shop of Russia's Ural Steel, a part of METALLOINVEST, on 2 November 2012.

U. S. Steel Announces Public Affairs Personnel Changes

08 November 2012 - United States Steel Corporation announced changes in the company’s Public Affairs Department.

Severstal Ranked Leading Russian Metals and Mining Business in Energy and Ecology Report

08 November 2012 - OAO Severstal has been ranked the most environmentally friendly Russian metals and mining company in a report by Interfax-ERA, an ecology and energy rating agency.

AISI Announces 2012 Institute Medal Winners

08 November 2012 - The American Iron and Steel Institute (AISI) awarded authors from ArcelorMittal Global R&D and Honda R&D the 2012 Institute Medal for their winning paper, "Characterization of Edge Fracture in Various Types of Advanced High Strength Steel."

Wuhan Contract for Brazil Steel Mill Lapses

08 November 2012 - China’s Wuhan Iron & Steel Co no longer has a contract to build a 5-million-tonne-a-year steel mill at the Port of Açu northeast of Rio de Janeiro, LLX Logistica SA the port’s owner, told Reuters on Thursday.

Ilva to Temporarily Lay Off Up To 2,000 Workers

08 November 2012 - Italian steel producer Ilva announced  that "due to the ongoing market crisis which started in the first quarter this year, in the next few days the company will start to implement temporary layoffs at the Taranto-based steel complex." Up to 2,000 workers will be affected by the decision and will be paid from redundancy funds, SteelOrbis reports.

voestalpine Reduces Profit Projection by €100 Million

07 November 2012 - Austrian steelmaker voestalpine cut its profit projection for the year by €100 million due to "ever growing economic uncertainty" and worsening conditions over the past several months.

Page 291 of 528

View Latest Steel News