Steel News

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.

AIST Presents Steelmaker of the Year and Other Awards at AISTech 2013

07 May 2013 - Joon Yang Chung, chairman and chief executive officer of POSCO, was named “Steelmaker of the Year” at AISTech 2013 — The Iron & Steel Technology Conference and Exposition, managed by the Association for Iron & Steel Technology (AIST). Other award winners were also announced during the President's Award Breakfast.

CMI Services to Supply ArcelorMittal with 80 Continuous Casting Crosspieces

07 May 2013 - At the end of April, CMI Tech5i/Pastor, the CMI Services business unit based in Fos-sur-Mer, France, won a contract with ArcelorMittal Fos-sur-Mer for the supply of 80 continuous casting crosspieces.

Outokumpu Stainless Steel Creates Lighter Tanks and Lower Maintenance Costs

07 May 2013 - Outokumpu delivered 150 tons of stainless steel sheet for the construction of storage tanks by Japrotek, a Finnish company that produces agitators, pressure vessels and large tanks, built on site, for the process industries.

Russian Government Confers High Honor on Heinrich Weiss, Chairman and CEO of the SMS Group

06 May 2013 - The government of the Russian Federation under President Putin has awarded the chairman of the SMS group, Heinrich Weiss, the "Award of Honor" in recognition of decades of outstanding services to Russian-German relations. This honor is only rarely bestowed on foreigners.

Steel Industry Unveils Design Tool For Material Comparison In Automotive Applications

03 May 2013 - WorldAutoSteel, along with the Steel Market Development Institute, unveiled a new tool that enables vehicle designers to quickly and accurately evaluate material selection tradeoffs, including mass, cost and GHG emissions, for automotive applications.

Accenture to Provide Business Process Outsourcing Services to SSAB

03 May 2013 - Accenture has signed a seven-year business process outsourcing agreement to provide SSAB with finance & accounting, customer care and procurement services.

Outotec Opens Office in Jakarta to Strengthen Presence in Indonesia

03 May 2013 - As part of its growth and expansion plans in Asia Pacific, Outotec announced the opening of its office in Jakarta, Indonesia.

Rautaruukki and Ruukki Group Settle Name Dispute

03 May 2013 - Rautaruukki Corporation (Ruukki) and Ruukki Group Plc have settled their name dispute. Consequently Ruukki Group is to change its names. Ruukki Group is to assign all its rights to the Ruukki name and Ruukki trademark to Rautaruukki.

New Reversing Cold Mill Launched at Starcore in Thailand

02 May 2013 - Esmech Equipment Pvt. Ltd., an Indian joint venture partner of SMS Siemag, has successfully put into operation the new reversing cold mill at Starcore Co. Ltd. in Rayong, Thailand.

RHI Acquires Additional 26% in Orient Refractories Through Public Offer

02 May 2013 - RHI has acquired another 26% of shares of Orient Refractories Ltd.

Bahru Stainless Puts 20-Roll Millstand from SMS Siemag into Operation

01 May 2013 - The first strip was successfully rolled on the new 20-roll cold-rolling stand at Bahru Stainless SDN BHD in Johor Bahru, Malaysia.

Mechel Signs Supply Agreement with POSCO

01 May 2013 - Mechel's mining division trading subsidiary Mechel Carbon (Singapore) Pte. Ltd. has signed a three-year contract with South Korea's POSCO Corporation for supply of coking coal.

Konecranes Listed as One of the Best Companies for Leaders

01 May 2013 - For the second consecutive year, Konecranes has been named to Chief Executive’s list of 40 Best Companies for Leaders.

Cliffs Natural Resources' Leader says Company is 'Headed in the Right Direction'

01 May 2013 - As the company reported its first quarter earnings results, Cliffs Natural Resources' chairman, president and CEO Joseph Carrabba said the company in headed in the right direction and anticipates the end markets for its products to remain healthy.

SSAB Foresees Weak Growth in Europe, a Slow Recovery in the U.S., and Continued Solid Demand in Latin America

01 May 2013 - SSAB said the first quarter of the year was characterized by a degree of restocking by customers, which had a positive impact on the company's volumes within all business areas.

U. S. Steel Posts $73 Million Net Loss in First Quarter

30 April 2013 - As it reported its first quarter earnings, U. S. Steel projected flat-rolled market conditions in North America for the second quarter to be comparable to the first quarter.

Outukumpu Reports Quarterly Results in Challenging Stainless Steel Market

30 April 2013 - For the second quarter, Outokumpu expects sequentially flat or slightly lower delivery volumes, weaker product mix and increased uncertainties from the nickel price development to be partially offset by the positive effects of its Ferrochrome and Calvert ramp-ups.