Steel News

Vallourec Announces Qualification of New Finishing Plant in Saudi Arabia

21 February 2013 - Vallourec announced the full qualification of its new finishing plant in Saudi Arabia. The unit is dedicated to the heat treatment and threading for the full range of VAM® premium connections with an annual capacity of 100,000 tons.

Worldsteel Announces 7th steeluniversity Challenge World Champions

21 February 2013 - The World Championship of the 7th steeluniversity Challenge took place in Brussels on 19 February 2013 with the regional champions from the first round competing for the top prize.

Vallourec Reports Q4 and Full Year 2012 Results

21 February 2013 - Vallourec announced its results for the fourth quarter and full year 2012, noting a year of contrastfor the company as it benefited from a strong market position in the oil and gas sector, while other markets faced a challenging environment marked by economic uncertainty, lower demand and increased competition.

EU Steel Mills Risk Closure Under Weight of CO2 Costs

20 February 2013 - A recent paper by CRU sets out the impact of CO2 charging on the cost structure of the EU steel industry, quantifies the effect on profitability and identifies the reductions in production volume that are likely to occur under different CO2 price scenarios.

Outokumpu Comments on the Terni Divestment

20 February 2013 - Outokumpu is currently in the process of divesting the Terni operations as required by the European Commission. There are several interested parties and buyer candidates; a decision has yet to be made.

World Crude Steel Output Down 0.8% in January

20 February 2013 - World crude steel production for the 62 countries reporting to the World Steel Association (worldsteel) was 125 million tonnes in January 2013, a slight increase of 0.8% compared to January 2012.

CVS Technologies to Provide Rebar Plant to Llamkos Galva Steel

20 February 2013 - The Llamkos Galva Steel Co. and CVS Technologies signed a contract for a turnkey plant to produce 210,000 tonnes per year of rebar.

SMS Siemag Successfully Modernizes Coiler at Tata Steel IJuiden

19 February 2013 - Tata Steel this month granted SMS Siemag the final acceptance for the modernization of coiler No. 3 in its IJmuiden, Netherlands, hot strip plant.

Mechel Divests Romanian Steel Assets

19 February 2013 - Mechel OAO, a leading Russian mining and metals company, reports that it has disposed of its Romanian steel assets.

Oschatz to Modernize Second Cooling Stack at ThyssenKrupp Steel Europe

19 February 2013 - Plant constructor Oschatz announced a new order from ThyssenKrupp Steel Europe: the German plant constructor will modernize the second converter cooling stack at the steel works in Duisburg-Bruckhausen.

JFE, KSP Steel and Marubeni-Itochu Agree to Strengthen Partnership

19 February 2013 - JFE Steel Corporation, KSP Steel LLP and Marubeni-Itochu Steel Inc. (MISI) announced the signing of a memorandum of understanding to discuss how to strengthen their partnership in the steel industry of Kazakhstan and neighboring countries.

Tata Steel Granted Core Supplier Status by French Car Maker

19 February 2013 - Tata Steel has joined the select group of companies supplying material to PSA Peugeot Citroën to be awarded with Core Supplier status by the French car manufacturer.

EUROFER Disappointed by ENVI Decision on Backloading

19 February 2013 - EUROFER is disappointed by the European Parliament’s ENVI Committee’s vote to pave the way for withholding CO2 emissions allowances from the European carbon market.

Owner of Knauf Interfer Acquires 7.82% Stake in Klöckner & Co.

19 February 2013 - Klöckner & Co was notified that Interfer Holding GmbH, a portfolio company of the Dr. Albrecht Knauf family, acquired 7.8 million ordinary shares in Klöckner & Co SE. That represents 7.82% of the total share capital.

Tata Steel Europe Working to Prove Green Auto Technologies of the Future

19 February 2013 - A project was recently launched at Tata Steel Europe's Brinsworth site in Rotherham to help develop groundbreaking green technologies which will power the cars of the future.

Harsco Signs Multi-Year Contract with Jindal Stainless

18 February 2013 - Harsco Corp. has signed a US$100 million multi-year contract with Indian steel producer Jindal Stainless Ltd.

Severstal Vorkutinskaya Mine Resumes Production

18 February 2013 - On the morning of 15 February 2013, production restarted at Severstal’s Vorkutinskaya mine, except for one affected area that will remain suspended for 90 days.

BlueScope Steel Provides Earnings Result and Outlook

18 February 2013 - BlueScope announced a A$12 million net loss after tax for the first half FY2013 — a $518 million turnaround in financial performance compared to the first half in FY2012.

Agellis Receives Order from SMS Concast for Steel Mill in U.S.

15 February 2013 - The AGELLIS Group, which develops and sells products and solutions to the global metals industry, has received an order totaling €110,000 for measurement systems from SMS Concast.

BlueScope Steel Announces Retirement of Non-Executive Director

15 February 2013 - BlueScope Steel Limited announced that non-executive director, Ms. Diane Grady, has retired from the Board.