Steel News

IronArc Revolutionizing Iron Production, Halving Carbon Dioxide Emissions

15 May 2013 - A new method for producing hot metal has been developed by ScanArc Plasma Technologies of Sweden, in collaboration with the steel group Ovako at its Hofors, Sweden, plant.

Praxair Is Building Chinese Base

15 May 2013 - Praxair has started to build a liquid oxygen production base in Chongqing, the largest of its kind in China.

ThyssenKrupp Meets Operating Targets in First Half of 2012/2013

15 May 2013 - In the 1st half of the 2012/2013 fiscal year (October 01, 2012 – March 31, 2013) ThyssenKrupp achieved order intake from continuing operations of €19.3 billion, down 7% year-on-year.

LanzaTech Plans to Raise $80 Million for Waste Gas-to-Biofuel

15 May 2013 - LanzaTech NZ Ltd. plans to start raising $60 million to $80 million from venture capital and strategic investors this year to develop technology for waste gas-to-biofuel.

Salzgitter's Loss Widens in 1Q, Expects No Significant Improvement

15 May 2013 - Germany-based steelmaker Salzgitter Group has issued its financial results data for the first quarter of the current year, stating that the performance of the company was overshadowed by persistently unfavorable general economic conditions in Europe.

Emirates Steel Develops Apprenticeship Program

14 May 2013 - Emirates Steel, the only integrated steel plant in the UAE, has developed an internationally accredited three-year apprenticeship program that will develop the skills, knowledge and professionalism of UAE nationals.

Tata Steel Writes Down Assets Due to Weakness in Europe

14 May 2013 - Tata Steel expects non-cash write down of the goodwill and assets in the consolidated financial statements for the year ended 31 March 2013 of around US$1.6 billion due primarily to weakness in Europe.

Cambelle-Inland Forms Strategic Alliance with China Gerui Advanced Materials Group

13 May 2013 - China Gerui Advanced Materials, a high-precision, cold rolled steel producer in China, engaged Cambelle-Inland, the China investment vehicle of Craig T. Bouchard to advise it on strategic planning and expansion in North America and around the world.

Essar Steel Launches Specialized Plate Products for Shipping and Logistics Industry

13 May 2013 - Essar Steel announced the launch of high-end branded steel plate products for the shipping and logistics industry.

Jindal Steel Orders X-Melt BOF Converter Shop from SMS Siemag

13 May 2013 - Jindal Steel and Power Ltd. (JSPL), one of India's largest steel producers, has contracted SMS Siemag for the delivery of an X-Melt® BOF converter shop including a secondary metallurgy center and comprehensive environmental technology.

U.S. Agency Votes to Continue Case On Nickel-Plated Steel Imports from Japan

10 May 2013 - The United States International Trade Commission (USITC) determined that there is a reasonable indication that a U.S. industry is materially injured by reason of imports of diffusion-annealed, nickel-plated flat-rolled steel products from Japan that are allegedly sold in the U.S. at less than fair value.

ArcelorMittal Flat Carbon Europe Reports €43 Million Q1 2013 Operating Loss

10 May 2013 - ArcelorMittal announced results for its Flat Carbon Europe segment for the first quarter of 2013.

ArcelorMittal Reports First Quarter 2013 Results

10 May 2013 - ArcelorMittal, the world’s leading integrated steel and mining company, announced results for the three month period ended 31 March 2013.

TMEIC Announces Rugged New Drive for Rolling Mills

10 May 2013 - TMEIC has introduced an improved version of its rugged TMdrive-70 medium voltage, variable frequency drive, used to provide high torque and overload capability to main drives on hot strip mills and cold mills.

Siemens to Modernize Continuous Caster for HKM in Germany

10 May 2013 - Siemens Metals Technologies has received an order from Hüttenwerke Krupp Mannesmann GmbH (HKM) to modernize the No. 1 continuous slab caster in the DuisburgHuckingen plant.

Schneider Electric Introduces PlantStruxure™ PES

09 May 2013 - Schneider Electric has introduced the PlantStruxure™ Process Expert System (PES), a single software environment that integrates control applications, supervision and field devices to configure an entire control system.

Steelmaking Could be Transformed by New Process Developed at MIT

09 May 2013 - A new process developed by MIT researchers could change steel's role as a leading industrial source of greenhouse gases.

Vallourec Provides Tubes for Spire of One World Trade Center in New York

08 May 2013 - Vallourec, a world leader in premium tubular solutions, announced that it has provided the tubes for the newly-installed spire on the top of One World Trade Center in New York.

Tenaris Says Oil and Gas Drilling Should Pick Up by End of Year

08 May 2013 - Tenaris said first quarter sales decreased as higher sales of premium OCTG products in Saudi Arabia and Sub-Saharan Africa did not fully compensate for lower sales in South America and the impact of lower market prices for less differentiated products in North America.

Mechel Announces Successful Hot Testing of Universal Rolling Mill at Chelyabinsk Metallurgical Plant

08 May 2013 - Mechel OAO, a leading Russian mining and metals company, announced that successful hot testing was held at the complex of Chelyabinsk Metallurgical Plant's universal rolling mill.