Steel News

MMK Becomes Steel Supplier for Ford in Russia

03 April 2015 - OJSC Magnitogorsk Iron and Steel Works (MMK) has been named as a steel supplier for Ford cars produced in Russia.

Konecranes PLC’s President and CEO Pekka Lundmark to Leave the Company

02 April 2015 - President and CEO Pekka Lundmark has decided to leave Konecranes to pursue his career outside the company. The Board of Directors of Konecranes Plc will immediately start the search of a new President and CEO.

General Steel Reports Fourth Quarter and Full-Year 2014 Financial Results

02 April 2015 - General Steel Holdings, Inc., a leading non-state-controlled steel producer in China, announced its financial results for the fourth quarter and full-year ended December 31, 2014.

Tata Steel Completes Acquisition of Nordic Service Centres

02 April 2015 - Tata Steel has completed the acquisition from SSAB of Sweden of two service centres and 50% of a third service centre in which it already owns 50%.

Ovako Has Completed Acquisition of Tibnor Oy in Finland

01 April 2015 - Ovako has completed its acquisition of Tibnor Oy following approval from the European Commission and the competition authorities in Finland and Estonia.

China’s Zenith Steel Revamps Complete Rod Outlet With Primetals Technologies

01 April 2015 - • Product line expanded into high carbon market. • First Optimesh system installed in China for increased cooling. • Upgrade increases rolling speed to 110 m/s for greater production.

EU Levies Import Duties on Stainless Flats from China and Taiwan

01 April 2015 - The European Commission has imposed provisional anti-dumping duties of up to 25.2 % on stainless steel cold rolled flat (SSCR) imports from PR China and up to 12.0 % on imports from Taiwan, following the complaint which was filed by EUROFER in May 2014.

Primetals Technologies to Modernize Rolling Mill Drives for AMAG Rolling in Austria

31 March 2015 - Primetals Technologies has won an order from AMAG rolling GmbH, located in Ranshofen, Austria, to modernize the entire drive technology on its four-high hot rolling stand.

Tosyali Toyo Orders High-Efficiency Tinning Line With Soluble Anodes From SMS Siemag

30 March 2015 - Tosyali Toyo Çelik A.Ş. (Tosyali Toyo Steel Co. Inc.), the Turkish-Japanese joint venture between Tosyali Holding and Toyo Kohan, has awarded SMS Siemag (www.sms-siemag.com) the contract for the supply of an electrolytic tinning line.

Tenaris Mill in Italy Receives DNV GL Certification

30 March 2015 - Tenaris’s mill in Dalmine, Italy, the first seamless pipe producer to be certified by the American Bureau of Shipping, recently received certification from another of the world’s leading offshore classification societies, DNV GL.

Outokumpu CEO Comments on EU Anti-Dumping, Progress in Calvert

27 March 2015 - Outokumpu held its Annual General Meeting in Espoo, Finland, on 26 March 2015. During the meeting Outokumpu CEO Mika Seitovirta presented the financial results of the company for the year 2014, the market environment and Outokumpu’s continued measures to reach sustainable profitability and financial stability.

SMS Mevac Commissions VOD Facility at Fujian Fuxin Special Steel

27 March 2015 - After the successful start-up of the stainless steel melt shop of Fujian Fuxin Special Steel (part of Formosa Plastics Corporation) in Zhangzhou, China, by the SMS group in 2014, last month the Duplex VOD X-eed unit supplied by SMS Mevac, Germany, was put into operation. This plant represents the extension phase of the melt shop.

Salzgitter Subsidiary Delivering Heavy Plate for Offshore Wind Jackets

27 March 2015 - Ilsenburger Grobblech GmbH (ILG), a Salzgitter AG subsidiary, has received an order from Erndtebrücker Eisenwerk GmbH & Co. KG (EEW) for around 10,000 metric tons of heavy plate for jackets for the Wikinger offshore wind project.

Newly Discovered Butterfly Named After ArcelorMittal Liberia Ecologist

27 March 2015 - A new species of African butterfly has been named after an ArcelorMittal Liberia ecologist.

SteelBenchmarker: HRB Prices Weaken Further

26 March 2015 - In its 216th report, the SteelBenchmarker released 9 steel products and 3 USA scrap prices. Of these, here are four benchmark prices for hot-rolled band for 23 March 2015:

MMK Records Successful Year for Production Plants

26 March 2015 - Russia’s OJSC Magnitogorsk Iron and Steel Works (MMK) reports that a number of its production facilities and plants set local records in 2014, demonstrating their best performances in recent history.

ArcelorMittal Ostrava Develops New Type of Steel for Power Gen industry

26 March 2015 - ArcelorMittal Ostrava has developed and started producing a new type of steel with high value addition: Steel grade 16Mo3 with addition of molybdenum belongs to the family of low-alloyed steels with increased thermal resistance and resistance to high temperature corrosion and creep.