Steel News

ArcelorMittal Europe Reports €122 Million Operating Profit for Q4 2014

24 February 2015 - ArcelorMittal announced its results for the fourth quarter ended 31 December 2014. The segment recorded an operating profit of €122m compared with an operating loss of €396m for Q4 2013.

New Cold Rolling Mill from Primetals Technologies Produces First Coil at Tangshan

23 February 2015 - The cold rolling mill supplied by Primetals Technologies to Tangshan Iron and Steel Group Co. Ltd., a Chinese steel producer, has now been brought into production and the first coil was rolled in January 2015.

MMK Introduces Advanced IT Solutions

23 February 2015 - Russia’s OJSC Magnitogorsk Iron and Steel Works (MMK) in 2014 launched a strategic program for the adoption of advanced IT in operational and management processes.

worldsteel Announces World Champions of steelChallenge-9

23 February 2015 - The World Steel Association (worldsteel) announced the new world champions of the 9th steelChallenge.

Vale Smashes Iron Ore Production Record

20 February 2015 - Brazil’s Vale (NYSE:VALE), the world’s largest producer of iron ore, continued to flood the market with product in 2014 despite sharply lower prices.

Tata Steel to Supply Rails for London's Crossrail Project

20 February 2015 - Tata Steel has signed a contract to supply wear-resistant rails for the Crossrail project beneath the heart of London. The Crossrail route will serve 40 stations and travel more than 100km from Reading and Heathrow in the west, through new twin-bore 21km tunnels below central London to Shenfield and Abbey Wood in the east.

3tn: Efficient Storage of Slabs, Billets, Coils and Plate

19 February 2015 - Technical warehouse management system can be easily adapted to customer-specific requirements.

Primetals Technologies to Modernize Rebar Rolling Line for KWTSteel in Kuwait

19 February 2015 - United Steel Industrial Company (KWTSteel), a Kuwaiti steel producer, has awarded Primetals Technologies an order to modernize its rebar rolling mill in the Shuaiba Industrial Area, Kuwait. Under the project the rolling mill will be equipped with an inline quenching system (PQS, Pomini Quenching System) and a new hot dividing shear with a higher capacity. The quenching system will produce the required material proper ties largely without the need for expensive alloying elements. This will improve KWTSteel’s access to export markets. The modernized rolling mill is scheduled to go on stream late 2015.

NSSMC Agrees to Long-Term Contract of Stable Tinplate Supply With Africa’s Largest Can Manufacturer

19 February 2015 - Nippon Steel & Sumitomo Metal Corp. has exchanged a protocol regarding the long-term contract for stable supply of tinplate with Nampak Products Ltd.

A New Furnace-Building Company, ACE Furnaces Pvt. Ltd., Introduces Key Personnel

19 February 2015 - A new Furnace-building Company called ACE Furnaces Pvt. Ltd. (AFPL) has been formed last year, having core competency in Designing and Manufacturing Industrial Furnaces for various applications. AFPL has been formed through merging of various experiences and professional know-how on a vast range of furnaces for both ferrous as well as non-ferrous industries, with a view to offer quality-engineered Furnaces to the Users, with maximum Customer Satisfaction.

General Steel Establishes RFID Company

18 February 2015 - General Steel Holdings, Inc. ("General Steel" or the "Company") (NYSE: GSI), a leading non-state-owned steel producer in China, announced today that the Company, through its previously-announced joint venture with a team of Radio-Frequency Identification ("RFID") experts, has completed the establishment of a new RFID logistics company and appointed Michael Au as CEO of the new company named Tianjin General Shengyuan IoT Technology Co., Ltd. ("General Shengyuan IoT").

ArcelorMittal's Q4 Loss Narrows, Sees Lower FY15 Profit

17 February 2015 - Steel giant ArcelorMittal posted a loss in the fourth quarter of 2014 as lower iron-ore pricing weighed on its mining segment and it also saw reduced steel selling prices. Weak demand from China, a key market, continued to hurt iron ore prices in the quarter.

POSCO to Sell Stake in Construction Unit to Saudi Fund

17 February 2015 - South Korean steelmaker POSCO has signed a preliminary deal with Saudi Arabia's Public Investment Fund (PIF) to sell part of its construction unit for about 1.5 trillion won ($1.36 billion), Korea Economic Daily reported.

Sandvik awarded ‘The Best Innovator’ of the year in Czech Republic

16 February 2015 - Sandvik in Chomutov, Czech Republic has been announced as the winner of the prestigious award Best Innovator of the year in the Czech Republic - recognition of the company's way of working with innovation.

Outokumpu’s Head of Business Area APAC Austin Lu Leaves the Company

16 February 2015 - Austin Lu, Outokumpu’s head of business area APAC and Outokumpu Leadership Team member has taken a new challenge outside the company, thereby leaving his position as of March 31, 2015.

Mechel Becomes Potential Rail Supplier for Germany's Railways

16 February 2015 - Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, reports that Chelyabinsk Metallurgical Plant won the status of a potential rail supplier to Germany's railway operator Deutsche Bahn AG, following a production audit.

Fives Selected for Five New High-End Automotive Steel Projects

13 February 2015 - Fives, an international engineering group which designs and supplies process technologies to various industries, has been awarded five new processing line contracts for the automotive steel market, making it in this field a dominant equipment provider to steelmakers.