Steel News

Tata Steel Reports Steady Operations Despite Weak Demand

13 February 2013 - Tata Steel reported its results for the nine months and third quarter ended 31 December 2012, noting the Indian and European operations performed steadily despite overall weak steel demand.

Reuters: German Steel Industry Sees No Broad Recovery This Year

13 February 2013 - Germany's steel sector is unlikely to see a sustainable recovery this year as demand remains weak and competition in global markets intensifies, Reuters reports a trade group as saying.

Ruukki Reports A Signficant Decrease in Emissions at Its Raahe Works

13 February 2013 - Process changes and the replacement of dust removal devices significantly reduced particulate emissions in 2012 at Ruukki’s Raahe Works in Finland, in line with company targets to reduce emissions by over 80% compared to 2011.

ThyssenKrupp Profit Falls as Slowdown Cuts Demand

12 February 2013 - ThyssenKrupp AG, Germany’s biggest steelmaker, said profit slumped 38 percent in the fiscal first quarter as the global economic slowdown eroded demand, Bloomberg reports.

High-Level Roundtable Recommendations to Improve European Steel Competitiveness Announced

12 February 2013 - A high-level roundtable on steel — a platform for dialogue between industry, trade unions and the European Commission — has adopted recommendations to help create the right framework for the European steel sector to maintain its long-term competitiveness in an increasingly global context.

ArcelorMittal Ostrava Reducing Lime Dust Emissions By 100 Tons Per Year

12 February 2013 - ArcelorMittal Ostrava has invested in reducing dust emissions and the improvement of working conditions at its steel plant, completing the installation of equipment for the dedusting of lime routes.

Tata Steel Restarts Port Talbot Blast Furnace

12 February 2013 - Tata Steel has restarted its second blast furnace at the Port Talbot steelworks in the UK following the completion of a £185 million rebuilding project.

Tenova Goodfellow Launches Breakthrough Water Detection Technology for the EAF

12 February 2013 - Tenova Goodfellow Inc. has developed breakthrough water detection technology that combines continuous and reliable EAF off-gas analysis for both H20 vapor and H2 together with proprietary software that provides EAF operators with three distinct real-time alerts indicating the likelihood of a water leak.

SSAB Announces 2012 Results and 2013 Outlook

11 February 2013 - As SSAB reported its results for 2012, CEO Martin Lindqvist commented on market conditions and expectations for the coming year, noting that the weak trend in order inflow pertains particularly to the European market, but North American and Asian customers also adopting a wait-and-see approach.

ThyssenKrupp Steel Europe Institutes Optimization Program, Cost-Cutting Measures

11 February 2013 - ThyssenKrupp Steel Europe plans to implement cost-cutting initiatives, including reducing its workforce by over 2,000 emploees, as all of ThyssenKrupp's business areas are being required to contribute towards increasing efficiency and gaining an edge in terms of profitability.

ThyssenKrupp Steel Americas Bidders Team Up, Sources Say

11 February 2013 - Bidders competing for ThyssenKrupp AG's loss-making U.S. and Brazilian steel mills are teaming up in an effort to make the investment more digestible, according to people familiar with the transaction, Reuters reports.

Ruukki Studying New Grades of Iron Pellets with Severstal

11 February 2013 - Ruukki Metals has initiated cooperation with Russian PJSC Karelsky Okatysh, a fully-owned subsidiary of the Severstal Group, to develop new grades of iron pellets.

Nippon Steel & Sumitomo Metal Receives 2012 Top 100 Global Innovator Award

08 February 2013 - Nippon Steel & Sumitomo Metal Corporation (NSSMC) has received a Thomson Reuters 2012 Top 100 Global Innovator Award, which honors the world’s top 100 most innovative corporations and institutions.

ArcelorMittal Liberia Announces Scholarship Winners

08 February 2013 - Five young Liberians have been awarded the ArcelorMittal Liberia Advanced Studies Scholarship Programme, with three recipients starting their studies last month.

Tata Steel Upgrades Research Facility to Develop Ultra-High Strength Auto Steels

07 February 2013 - Tata Steel Europe has started up an advanced facility in the Netherlands to develop crash-resistant steels designed to make cars safer and more fuel-efficient.

Spraying Systems Co. Expands MFP FullJet Full Cone Nozzle Line

07 February 2013 - Spraying Systems Co. has expanded the MFP (Maximum Free Passage) FullJet full cone nozzle line to include 1-1/2″, 2″, 2-1/2″ and 3″ sizes for applications with flow rates up to 705 gpm (2670 lpm) and 80 psi (6 bar).

Severstal Ranked as Third Most Competitive Steelmaker

07 February 2013 - OAO Severstal, a Russia-based steel and steel-related mining company, has been ranked as the third most competitive global steelmaker in 2012 in a report by World Steel Dynamics.

Outotec Reports Successful 2012 Despite Sluggish Global Economy

07 February 2013 - As it reported its earnings results, Outotec said the overall market outlook for minerals and metals as well as alternative energy and industrial water treatment is positive, but new investments in minerals and metals processing are needed as current production capacity and ongoing investments in new capacity are not sufficient to fulfill the long term demand of metals.

Voestalpine Reports High Degree of Stability Despite Challenging Times

07 February 2013 - The voestalpine Group reported its fiscal third quarter results, noting that it expects similar results in the current quarter as seasonal factors and a challenging economic environment continue.

ArcelorMittal Reports 2012 Results; Provides Outlook for 2013

06 February 2013 - As it announced its fourth quarter and full year results, ArcelorMittal said 2012 was a very difficult year for the steel industry, particularly in Europe, and that it expects to ship just 2–3% more steel this year.