Steel News

Sandvik to Implement New Pricing Structure for Piping System Products

05 June 2013 - Sandvik Materials Technology is to introduce a structural price change for its piping system products effective 5 June 2013 throughout its European, Middle East and Africa (EMEA) area.

Reuters: Italy to Oversee Running of Steelmaker ILVA

04 June 2013 - The Italian government is set to take temporary control of Europe's biggest steel producer ILVA, Industry Minister Flavio Zanonato said, to oversee a cleanup of the southern Italian plant that is at the centre of an environmental scandal, Reuters reports.

SMS Group Says Customers Reluctant to Place Orders Even as it Reports Higher Sales in 2012

04 June 2013 - Characteristic of the market for metallurgical and rolling mill plants in 2012 was a cautious mood, the SMS Group said as it reported its 2012 earnings results.

NLMK and Siemens in Three-Year Cooperation Agreement for Supply of Steel Products

04 June 2013 - NLMK Group and Siemens AG have signed a three-year agreement on technical cooperation for the supply of NLMK-produced steel products to the Germany-based company.

voestalpine Extends Welding Technologies Portfolio with Acquisition in Italy

04 June 2013 - The voestalpine Group is driving its growth strategy forward with another acquisition, purchasing the Italian company Trafilerie di Cittadella S.p.a/FILEUR, based in Cittadella.

Arch Coal Increases Profile in Asia

04 June 2013 - Arch Coal, Inc. announced that its Arch Coal Asia-Pacific Pte. Ltd. subsidiary has increased its profile in China to help meet growing global demand for metallurgical and thermal coals.

Ruukki Provides Eco-Efficient Metal Components for Biofore Concept Car

04 June 2013 - Ruukki is providing eco-efficient metal components for the Biofore Concept Car being built by UPM and Helsinki Metropolia University of Applied Sciences.

Essar Steel Launches Color-Coated Roofing Products in Kashmir Market

04 June 2013 - Essar Steel, one of India’s leading steel producers, announced the launch of high quality color-coated roofing products specially for the Jammu and Kashmir market.

Severstal and ChTPZ Streamline Rolled Products Supplies

03 June 2013 - The Chelyabinsk Pipe Mill (ChTPZ) hosted the 14th bi-annual meeting of the Coordination Council, a joint establishment of ChTPZ and ОАО Severstal, one of the world’s leading steel and steel-related mining companies, to coordinate the two companies’ joint efforts in prospective civil-engineering and oil and gas projects.

ArcelorMittal Ostrava Launches $50 Million Project to Cut Emissions

03 June 2013 - ArcelorMittal Ostrava has launched a US$50 million environment project that will cut annual nitrogen oxide emissions by at least 600 tonnes.

Pakistan's First Direct Reduction Plant Begins Operations

31 May 2013 - Saudi Arabia’s Al-Tuwairqi Holding announced that its new MIDREX® MEGAMOD® direct reduction plant at Tuwairqi Steel Mills, Ltd. in Karachi, Pakistan, began operating at the beginning of this year.

World Steel Association Publishes World Steel in Figures 2013

31 May 2013 - The World Steel Association has published the 2013 edition of World Steel in Figures, listing major steel-producing countries, top steel-producing companies and top steel-consuming countries.

ArcelorMittal Completes Sale of 15% Interest in Canadian Mines

31 May 2013 - ArcelorMittal announced the completion of the previously announced investment by a consortium led by POSCO and China Steel Corporation to acquire a 15% joint venture interest in ArcelorMittal’s Labrador Trough iron ore mining and infrastructure assets in Quebec, Canada for US$1.1 billion.

Kobe Steel Announces Restructuring and Expected Loss

31 May 2013 - Kobe Steel announced that in the first quarter of fiscal 2013, it will post an impairment loss on business assets, in accordance with the decision to reform the structure of the steel business by changing the upstream production system.

NLMK Kaluga Launches Test Production

31 May 2013 - NLMK Kaluga, NLMK Group’s plant specializing in the production of steel and long products for construction, has cast the first tonne of steel as part of hot testing at its EAF and rolling shops.

NLMK Optimizes Pig Iron Capacity Utilization

30 May 2013 - NLMK announced that starting from 30 May 2013 and as part of its program aimed at increasing the efficiency of production and resource use, it is idling its 1.3 million tonnes per year blast furnace #3 at its main production site in Lipetsk.

SteelBenchmarker: HRB Price Downdraft Continues

30 May 2013 - The bi-monthly SteelBenchmarker™ World export HRB price for 27 May 2013 fell 1.3% to US$546 per tonne, FOB the port of export, for the sixth consecutive time. The United States HRB spot price fell 1.5% to US$637 per tonne, FOB the mill, for the fifth consecutive time.