Steel News

Usiminas Releases 1Q15 Results

29 April 2015 - The main operational and financial indicators were: • Steel sales volume of 1.3 million tons; • Iron ore sales volume of 1.1 million tons; • Consolidated Adjusted EBITDA of R$379.5 million and Adjusted EBITDA Margin of 14%; • Working Capital on 03/31/15 of R$2.7 billion; • Investments of R$232.3 million.

voestalpine Stahl GmbH to Use Robots From Primetals Technologies in Its Converter Steel Works

29 April 2015 - • Robot systems to manipulate the probes on the three converters. • Higher sublance availability and greater safety at work. • Measuring probes in exchangeable containers simplify probe handling.

AIC Successfully Completes a Notable Revamping Project in Acindar, Arcelor Mittal Group

29 April 2015 - AIC has successfully accomplished a main revamping project in Acindar, part of Arcelor Mittal group, at Tren Bonelli in San Nicolas - Argentina, during the main shutdown in last February.

ArcelorMittal Publishes 2014 Annual Review and Fact Book

29 April 2015 - ArcelorMittal, the world’s leading steel and mining company, has published its 2014 annual review and fact book on a dedicated website.

Steel Safety Day 2015 – Lock Safety In!

28 April 2015 - Today, the steel industry marks the second Steel Safety Day. Established in 2014, the initiative encourages steel companies around the world to participate in the industry-wide safety audits on the five most common causes of injury in the steel industry.

Outotec's Interim Report January-March 2015

28 April 2015 - Outotec's Interim Report shows good growth in orders and service sales.

Klesch Group Invests in Trentino (Italy) Steel Plant

28 April 2015 - The Swiss multinational company, owned by Gary Klesch, bought out Borgo Valsugana’s steel plant, aiming at re-launching its production.

Harsco Begins Multi-Year Contract to Support India's Largest Stainless Steel Producer

27 April 2015 - Diversified global industrial company Harsco Corporation announced it has begun its previously announced multi-year contract to provide onsite material processing services to India's largest stainless steel producer, Jindal Stainless Limited (JSL).

Anglo American's Chief Executive, Mark Cutifani, Addresses Shareholders at 2015 Annual General Meeting

27 April 2015 - Anglo American plc held its Annual General Meeting for shareholders in London on the 23rd of April. Mark Cutifani, Chief Executive, made the following remarks.

Duplex Outperforms Mild Steel in Bridge Lifecycle Analysis

27 April 2015 - The use of duplex stainless steel in the construction of the new Myllysilta bridge in Finland generated significant environmental benefits over the alternative mild steel option, including a 62% reduction in global warming potential, a new lifecycle analysis study has concluded.

POSCO to Construct Iron Manufacturing Plant in Turkmenistan Valued at $1 billion

27 April 2015 - POSCO Group will construct an iron manufacturing plant in Turkmenistan. Daewoo International signed a MOU for the construction project of the iron manufacturing plant for producing reinforced steel and pipe with a value of 1 billion dollars with the Ministry of Industry of Turkmenistan while attending the summit of both Korea and Turkmenistan on April 13th.

Oerlikon’s Drive Systems Segment Inaugurates Third Plant in India

24 April 2015 - Oerlikon’s Drive Systems Segment inaugurates its third plant at Sanand in Gujarat, India. This is the 10th production facility for the Segment globally.

EU Recovery on a More Solid Footing — Risks Still Loom

24 April 2015 - The slight improvement in GDP growth in Q4-2014 combined with the recent uptrend in economic indicators bode well for a more broad-based gain in economic momentum in the EU. The weaker Euro and low oil price will provide a major boost to domestic demand and exports.

Shandong Iron and Steel Group Acquires Remaining Stake in Tonkolili Iron Ore Project

24 April 2015 - Shandong Iron and Steel announces that it has acquired the 75 per cent stake in the Tonkolili Iron Ore mine in Sierra Leone it does not already own.

China Steel Corporation Approves Investment in LanzaTech Commercial Project

23 April 2015 - Taiwan’s largest integrated steel maker, China Steel Corporation (CSC), has announced formal Board approval of a 1400M TWD ($46M USD) capital investment in a LanzaTech commercial ethanol facility. This follows the successful demonstration of the revolutionary carbon recycling platform at the White Biotech (WBT) Demonstration Plant in Kaohsiung using steel mill off gases for ethanol production.

AZZ incorporated Reports Financial Results for the Fourth Quarter and Fiscal Year 2015

23 April 2015 - AZZ incorporated, a global provider of galvanizing services, welding solutions, specialty electrical equipment and highly engineered services, today announced financial results for the three and twelve-month periods ended February 28, 2015.

Largest AUMUND Conveyor for Hot Sinter Material Goes to Japan

23 April 2015 - With the order for delivery of the largest pan conveyor for the transport of hot sintering material to Nippon Steel & Sumitomo Metal, the Division Metallurgy of AUMUND Fördertechnik GmbH at Rheinberg/ Germany won an outstanding reference project in Japan.

MMK Group Announces Operational Results for Q1 2015

23 April 2015 - MMK Group’s overall crude steel output in Q1 2015 totalled 3,228 thousand tonnes (+5.1% q-o-q; +1.3% y-o-y). Overall steelmaking capacity utilisation at the main Magnitogorsk site in Q1 2015 exceeded 92%. At the same time, converter production operated at 100% of capacity.

March 2015 Crude Steel Production for the 65 Countries Reporting to worldsteel

22 April 2015 - World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 138 million tonnes (Mt) in March 2015, a -2.7% decrease compared to March 2014.

Phoenix™ to supply system for monitoring refractory temperature in ladles

22 April 2015 - A major manufacturer of refractory materials for the steel and foundry industries has recently placed an order on Phoenix™ for a ‘Hot Box’ system to monitor refractory temperatures in the linings of steel ladles.