Steel News

Reuters: Steel Group Sees Brazil Steel Output, Sales Down as Economy Slows

21 August 2013 - Brazil's largest steel industry lobbying group on Tuesday cut its estimate for output and sales this year, a sign that mills are grappling with weak domestic demand and the impact of a currency slump on costs, according to a Reuters report.

Mechel Signs Agreement to Sell Donetsk Electrometallurgical Plant

20 August 2013 - Mechel OAO has signed an agreement for the disposal of the Donetsk Electrometallurgical Plant AO in Ukraine.

Reuters: Hungary Offers to Buy Steelmaker Dunaferr to Save Jobs

20 August 2013 - Hungary's government will offer to buy back the loss-making steelmaker Dunaferr from Ukraine's ISD group, to prevent a layoff of 1,500 workers planned by the company, Economy Minister Mihaly Varga said on Monday, according to a Reuters report.

Global Crude Steel Production Up 2.7% Year-on-Year in July

20 August 2013 - World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 132 million tonnes in July 2013, an increase of 2.7% compared to July 2012.

Salzgitter Flachstahl to Raise Prices by €30 Per Ton

20 August 2013 - Salzgitter Flachstahl GmbH announced it will raise its flat steel prices by € 30 per ton for all new orders as from 1 September 2013.

Danieli Automation Installs Compact Profile Gauge for Riva SAM Montereau

19 August 2013 - A new HiPROFILE LITE (aninnovative compact profile gauge) for rebar, plain round and small profiles measurements from Danieli Automation was scheduled to be commissioned at Riva SAM Montereau in France at the end of July 2013.

RHI On the Verge of Acquiring Magnesite Mining Rights in Turkey

19 August 2013 - The Supervisory Board of RHI AG granted the Managing Board approval to sign agreements with Cihan Group for the purchase of mining rights in Erzurum, Turkey, including existing production facilities, pending the provision of outstanding documents by the seller.

Siemens to Construct Long Product Rolling Mill in the UAE

16 August 2013 - Siemens Metals Technologies has received an order from United Steel Industries LLC to construct a 950,000 tons per year long product rolling mill in the United Arab Emirates.

Metinvest Launches New Grade to Lower Steel Construction Costs

16 August 2013 - Metinvest’s integrated mill Azovstal launched production of S460M hot rolled plate according to the Ukrainian state standard DSTU EN 10025-4:2007. This product decreases steel required for building frames by 10–15%, which results in significant savings for developers.

Severstal Increases Supplies to the Construction Industry by 17% in First Half of Year

15 August 2013 - The Cherepovets Steel Mill, one of the world’s largest integrated steel mills and part of the Russian Steel division of OAO Severstal, announced that it boosted supplies to building contractors in Russia up to 1,635,000 tonnes in the first half of 2013. This is a 17% increase from the same period in 2012.

ArcelorMittal Liberia On Track to Ship 4.5 Million Tonnes of Iron Ore This Year

15 August 2013 - ArcelorMittal Liberia shipped 3 million tonnes of iron ore between 1 January and 8 August 2013, almost doubling last year’s figures for the same period.

Continuous Bloom Caster from Siemens Goes On Stream at Zenith Steel

15 August 2013 - In July, Siemens Metals Technologies put a continuous bloom caster into operation at Chinese steel producer Changzhou Zhongtian Iron & Steel (Zenith Steel).

SSAB Strengthens Its Presence in Holland

15 August 2013 - Hardox Wearparts Center Geha Beheer BV is acquiring Laverman Holding BV and forming Geha-Laverman. In connection with the merger, SSAB — which currently holds a minority stake in Geha — is increasing its shareholding in the new company to 51%.

Report: Japanese Steel Industry to Build Hydrogen Blast Furnace

14 August 2013 - Nippon Steel & Sumitomo Metal Corp. and three other steel companies said they will construct an experimental hydrogen-fueled blast furnace to reduce carbon dioxide emissions, according to a report on Nikkei.com.

SteelBenchmarker: HRB Prices Continue Ascent

14 August 2013 - The bi-monthly SteelBenchmarker™ price report for 12 August 2013 showed world export, U.S., western Europe and Chinese HRB prices rising between 1.0% and 3.7% from the reading two weeks prior.

Essar Steel Launches Specialized Color-Coated Products in Kerala

14 August 2013 - Essar Steel, one of India’s largest integrated steel producers, announced the launch of high quality, color-coated products, specially developed for the Kerala market. These specialized steel products will largely be used in the housing and industrial resorts segment in the region. The products include roofing and wood-finished steel products.

Salzgitter Burdened by Structural Crisis in the European Steel Industry

14 August 2013 - In the first half of 2013, the performance of the Salzgitter Group was largely determined by the structural crisis in the European steel industry.

Ruukki Pural Farm Color-Coated Steel Prolongs Useful Life of Agricultural Buildings

14 August 2013 - Ruukki is to launch a new polyurethane-based Ruukki Pural farm color-coated steel formulated especially for agricultural buildings, where resistance to corrosion and chemicals is required.

517 Teams from 9 Countries Enrolled in Alacero's 6th Steel Design Contest for Students of Architecture

13 August 2013 - Organized by Alacero, the enrollment process for the 6th Steel Design Contest for Students of Architecture began with great success.

Tata Steel Records Strong Turnaround in Net Profit

13 August 2013 - As it reported its quarterly earnings results, Tata Steel said its Indian operations recorded robust performance despite softer markets, weakening economic conditions and a seasonally weak quarter while its European operations maintained the improvement in underlying performance on the back of upgrades at key production facilities.