Steel News

Metalloinvest Enters Final Stage of Environmental Project at OEMK

11 February 2015 - Metalloinvest has begun the modernization of the second gas purification unit at its electric arc furnace shop at OEMK (part of Metalloinvest) in Russia.

Ovako Signs Agreement With SSAB to Acquire Tibnor Oy

10 February 2015 - Ovako has signed an agreement with SSAB to acquire steel and metals distributor Tibnor Oy in Finland. The deal has been approved by the European Commission and will now be examined by competition authorities in Finland and Estonia for final approval. The acquisition is expected to have a slightly positive impact on Ovako's operating profit and a slightly negative impact on cash flows for 2015.

Primetals Technologies Revamps Two Wire Rod Mills for China’s Zenith Steel

10 February 2015 - The upgrade increases rolling speed to 105 m/s. Expanded product line allows entry into fine grain rebar markets. Integrated solution includes electrical/automation revamp.

MMK to Maintain Production Volumes, Focus on Maximum Efficiency

10 February 2015 - OJSC Magnitogorsk Iron and Steel Works (MMK) plans to maintain production volumes over the next 10 years at approximately 12 million tonnes of metal annually at its key facility in Magnitogorsk, Russia.

Ternium to Fully Acquire Colombian Subsidiary Ferrasa

10 February 2015 - Ternium S.A. has entered into a definitive agreement to acquire the remaining 46% minority interest in its Colombian subsidiary Ferrasa for a total consideration of US$74 million.

Synalloy Reports Substantial Gains in Profits From Continuing Operations for Both the Fourth Quarter and Year of 2014

09 February 2015 - Synalloy Corp. (Nasdaq:SYNL), a growth oriented 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 along with the distribution of seamless carbon pipe, announces that the fourth quarter of 2014 produced net sales from continuing operations of $48,569,000, an increase of $2,167,000 or 5% when compared to net sales from continuing operations for the fourth quarter of 2013 of $46,402,000.

ArcelorMittal Liberia Donates Second Batch of Medicines

06 February 2015 - ArcelorMittal Liberia recently donated medical supplies to the Grand Bassa County Government Hospital.

EVRAZ to Supply Rails to Brazil

06 February 2015 - EVRAZ signed two contracts to supply rails to Brazil. For the first time, the company will ship to Latin America rails produced at its West-Siberian Steel Plant (EVRAZ ZSMK).

Outotec Ranked World's 12th Most Sustainable Company on Global index

06 February 2015 - Outotec was ranked 12th on the 2015 Global 100 Most Sustainable Corporations in the World (Global 100) Index. This was the third consecutive year Outotec was included in the index (ranking 3rd in 2014).

Dan DiMicco’s Book "American Made" Due Out on 3 March 2015

05 February 2015 - Dan DiMicco's book, American Made, hits the digital bookshelves early next month.

NLMK Group Funding for Social Programmes Up 14% in 2014

05 February 2015 - NLMK Group (LSE: NLMK), the largest steelmaker in Russia and one of the most efficient in the world, increased funding for social programmes in 2014 by 14% to 2.9 billion rubles.

Germany's Stahlwerk Thüringen Hopes to Expand Range of Heavy Sections

05 February 2015 - The company is planning to expand its range of beams to produce wider dimensions that can bear heavier loads.

SSAB’s New Hardox Tube 500 Range Enables Extreme Wear Resistance for Lighter Products

05 February 2015 - The new Hardox Tube 500 range has been launched by SSAB. The new range provides the same hardness and toughness as Hardox wear plate, but in circular form.

ArcelorMittal Awarded for Innovative Concrete Dowel Technology

04 February 2015 - ArcelorMittal Europe – Long Products was recognized for the development of “CoSFB-Betondübel”, an innovative concrete dowel technology, by the German steel construction industry.

Severstal Certified for Rebar Shipments to Scandinavia

04 February 2015 - Russia's Severstal received the SFS1268 certificate permitting the company to make shipments of rebar to Finland and other Baltic countries, where there is high demand for these steel products.

NLMK Kaluga Continues to Expand Mix of Products for Construction

03 February 2015 - In 2014 the next-generation EAF mill NLMK Kaluga, part of NLMK Group’s Long Products Division, significantly expanded its product mix.

MMK Reports Q4 and Full Year 2014 Results

03 February 2015 - Russia’s MMK provided operational highlights for the fourth quarter and full year 2014.

ArcelorMittal Liberia Wins Company of the Year 2014

03 February 2015 - ArcelorMittal has been named Liberia’s company of the year by Global News Network (GNN) Liberia in its “Who’s Who 2014” ranking.

Sandvik Awarded Innovator of the Year in Czech Republic

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

NLMK and SMS Group Implement Project to Outsource Maintenance of Steelmaking Operations

02 February 2015 - Russia’s leading manufacturer of steel and one of the most efficient steel companies in the world, has signed a contract with SMS Group for full time service of key process equipment at the BOF Shops at the Lipetsk production site.