Steel News

Sandvik Implements Initial Phase of Supply Chain Optimization

24 December 2013 - As communicated in September, the Sandvik Group’s supply chain is to be optimized, reducing the number of production units from the current 150 to 125 over the next three to four years.

ThyssenKrupp Steel Europe Completes Modernization Work in Duisburg-Bruckhausen

23 December 2013 - ThyssenKrupp Steel Europe AG has extensively modernized its hot strip mill No. 1 in Duisburg-Bruckhausen. Following more than two years of work, the upgraded plant is now back in full operation.

Severstal Completes Maintenance at Cherepovets Steel Mill

20 December 2013 - The Cherepovets Steel Mill, part of the Russian Steel division of OAO Severstal, completed capital maintenance of its No. 2 converter.

Global Steel Production Up 3.6% Y-o-Y in November 2013

20 December 2013 - World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 127 million tonnes in November 2013, an increase of 3.6% compared to November 2012.

Outokumpu Granted Relief from German Renewable Energy Charge for 2013

20 December 2013 - After a constructive dialogue and a clarification of Outokumpu’s application and appeal, Outokumpu has now received a reduction to the applicable German renewable energy charge for the year 2013.

Siemens Makes Acquisition Enhancing Industry Software Portfolio

19 December 2013 - Siemens has entered into an agreement to acquire TESIS PLMware, a recognized leader in the integration of product lifecycle management (PLM) software with other enterprise applications, further enhancing Siemens' industry software portfolio.

Ruukki to Invest €2.5 Million in Steel Construction Research

18 December 2013 - Ruukki signed a framework agreement for a Steel Construction Excellence Center on 18 December 2013 in Hämeenlinna, Finland.

Kobe Steel's High Corrosion-Resistant Steel KPAC-1 Adopted for Use in Ship Construction

18 December 2013 - Kobe Steel, Ltd. has developed a steel plate called KPAC-1 that meets the new standards of corrosion protection for tanks used in crude oil tankers.

Altra Industrial Motion Completes Acquisition of Svendborg Brakes

18 December 2013 - Altra Industrial Motion Corp. has closed on the acquisition of Svendborg Brakes A/S and S.B. Patent Holding ApS (together “Svendborg"), a leading global manufacturer of premium quality caliper brakes.

SMS Reports Low Order Intake, Expects Significant Decrease in Profits

18 December 2013 - As in 2012, the order intake by the SMS group will be below target for 2013. A net result well short of the previous year is anticipated.

Discovery Channel Films 'How Do They Do It?' at ArcelorMittal

17 December 2013 - The Discovery Channel has filmed an episode of its popular “How do they do it?” series at ArcelorMittal and Volkswagen, focusing on how a car is made from start to finish — including the manufacturing process for its advanced high strength Usibor® steel, through to a finished Golf VII.

First Delivery of Innovative EVRAZ Rails Shipped to Russian Railways

17 December 2013 - EVRAZ announced that it has now launched the mass production of head-hardened R65 DT-350 rails, with the first large delivery — 10,000 tons of 25-meter rails — shipped to Russian Railways.

Second Continuous Slab Caster from Siemens Starts Up at JSW Steel

16 December 2013 - In August 2013, a new continuous slab caster from Siemens Metals Technologies began operating at the Toranagallu steelworks of Indian steel producer Jindal South West Steel Ltd. (JSW Steel).

New Millennium Iron Announces New Member of Board of Directors

16 December 2013 - New Millennium Iron Corp. (NML) announced that Mr. Partha Sengupta, vice president of raw materials, including Global Minerals, at Tata Steel Limited, has recently resigned as a director of the corporation, due to the recent changes in organizational structure of the Tata Steel Group.

NLMK Appoints New Vice President for Sales

16 December 2013 - NLMK Group announced the appointment of Ilya Guschin as vice president for sales. Sergei Khorn, former acting vice president for sales, has been appointed his deputy.

ThyssenKrupp Steel Europe's Spanish Employees Take Up New Jobs in Germany

13 December 2013 - Almost 60 employees of the ThyssenKrupp Galmed plant in Spain are making a new start in Germany, having found new jobs at ThyssenKrupp Steel Europe after the Spanish plant was shut down.

Dongbei Special Steel Commissions Open-Die Forging Press from SMS Meer

13 December 2013 - Dongbei Special Steel has successfully commissioned an 80-/100-MN open-die forging press supplied by SMS Meer at its works in Dalian, Liaoning Province, China.

Metinvest Implements the Largest Environmental Project in the History of Independent Ukraine

13 December 2013 - The Metinvest Group signed a contract with Italy's Termokimik Corp., a leading producer of environmental equipment for industrial companies, to develop the basic engineering to upgrade the sinter plant at the Ilyich Iron & Steel Works of Mariupol (MMKI).

SteelBenchmarker: HRB Prices Stagnate

13 December 2013 - The bi-monthly SteelBenchmarker™ Western European HRB price for 9 December 2013 rose 1.7% to US$611 per tonne (on a Euro basis, it rose 0.2%) after falling last time.

SEASI Gives Update on ASEAN Steel Industry Situation in the First Half of 2013

13 December 2013 - Demand for steel in ASEAN countries picked up significantly — by 17% in the first half of 2013 compared with the first half of 2012, according to the South East Asia Iron & Steel Institute (SEASI).