Steel News

SMS Meer Supplies Six High-Speed Machines to Huitong Jincheng

20 December 2012 - The Chinese company Huitong Jincheng Precision Metal Manufacturing near Shanghai has ordered six drawing machines from SMS Meer – two with integrated chamfering machines. With these machines, Huitong Jincheng aims to meet the high demand for bright steel products in China.

EMPCO Commissions Two Newly Developed EAF Probes at Hyundai Steel

19 December 2012 - KOREA EMPCO (CANADA) LTD has successfully commissioned two fully mechanized, remotely controlled probe apparatus, named wSCORPIO™, at Hyundai Steel in Korea.

Italy Lower House Approves Plan to Save Ilva Plant

19 December 2012 - Italy's lower house of parliament on Wednesday approved legislation to keep the troubled ILVA steel plant going during a two-year clean-up to resolve environmental concerns.

Mechel Announces Management Changes at Izhstal OAO

19 December 2012 - Mechel OAO, a leading Russian mining and metals company, announced the appointment of a new managing director of Izhstal OAO (Izhstal), part of the Mechel Group.

SMS Meer Providing Second Bright Steel Center for Stahl Judenburg

19 December 2012 - Stainless steel specialist Stahl Judenburg of Austria has placed a second order with SMS Meer for the production and supply of a BC50 bright steel center.

DMKD to Improve Ironmaking Performance by Applying Pulverized Coal Injection

18 December 2012 - DMKD awarded Paul Wurth S.A. with orders for engineering and supply of coal grinding, drying and injection plants for their blast furnaces operated at DMKD’s Dneprodzerzhinsk works in Ukraine.

Two Baosteel Workers Die in Accident

18 December 2012 - Two workers died and another 13 were injured Monday after a 270-ton ladle of molten metal tipped over at a Shanghai Baosteel Group Corp plant in Baoshan district, GlobalTimes.cn reported.

Fives Strengthens Its Steel Portfolio With French Acquisition

17 December 2012 - Fives' latest acquisition of the French company KEODS strengthens its steel portfolio with the addition of proven sophisticated expertise, notably focused on carbon flat products for the automotive industry.

Tata Steel Appoints New Chairman

17 December 2012 - The Tata Steel Board of Directors announced the appointment of Mr. Cyrus P. Mistry as the chairman of the board with effect from 28 December 2012, as R. N. Tata will retire on that date.

JSW Steel and JFE Sign Agreement for Electrical Steel Technology

17 December 2012 - India’s JSW Steel Ltd and Japan’s JFE Steel Corporation have signed an agreement where JFE will provide technology for the production of non-oriented electrical steel sheets (CRNGO) at the JSW’s Vijayanagar plant in Karnataka.

SMS Group Finalizes Acquisition of Majority Share in Paul Wurth

17 December 2012 - The SMS group finalized its takeover of the majority share in Paul Wurth on 17 December 2012.

SMS Mevac to Design a VIM Furnace for Tata Steel Speciality Steels

14 December 2012 - Tata Steel Speciality Steels, UK, has chosen SMS Mevac, Germany, to design a VIM X-eed® vacuum induction melting furnace for its Stocksbridge site. The facility will produce high-purity steels and specialist alloys for the aerospace industry.

EUROFER Welcomes Parliament Resolution on EU Steel Industry

14 December 2012 - The European Steel Association (EUROFER) is applauding the European Parliament's resolution on the EU steel industry and hopes a European Action Plan for the steel sector will be presented as soon as possible.

ThyssenKrupp Loss Balloons on Steel Americas Write-Down

14 December 2012 - ThyssenKrupp AG, Germany's top steelmaker, posted a massive € 4.7 billion (US$6.1 billion) net loss for the year as it took a painful write-down on steel mills in the United States and Brazil that it is trying to sell.

Organizational Changes Announced within the Structure and Management of EVRAZ

13 December 2012 - EVRAZ plc announced organizational changes to the company’s management structure. In order to separate functions and intensify the management of key product groups, the company will divide the Mining Division into two Divisions: the Iron Ore Division and the Coal Division.

3tn Providing Efficient Material Handling and Better Overview in Steel Service Centers

13 December 2012 - The technical warehouse management system TWMS/metals controls and visualizes transport and storage activities in the metals industry from continuous casting through to the shipment of the finished products. It optimizes the use of storage capacities across various warehouses or even plant-wide, ensuring that the means of transport, such as cranes or cross transfer systems, are efficiently used.

Electrical Engineers Help Power the Steel Industry

12 December 2012 - Electricity is the main power source behind the steel industry. In fact, a single steel plant can consume as much electricity as a large city. But there are people behind that power. These are electrical engineers.

€200 Million Modernization Project Complete at Zentralkokerei Saar in Germany

12 December 2012 - Following the construction of the new Battery 3 and its commissioning in 2010, the totally renovated Battery 1 has now also been successfully commissioned at Zentralkokerei Saar GmbH (ZKS), a joint subsidiary of AG der Dillinger Hüttenwerke and Saarstahl AG, in Germany.

ArcelorMittal Tubular Products Ostrava Names New CEO

12 December 2012 - The new CEO of ArcelorMittal Tubular Products Ostrava with effect from 1 December is Libor Černý, who had been the CEO in ArcelorMittal Distribution Solutions Czech Republic (AMDS CR).

Eurozone Weakness to Depress Steel for Another Year

11 December 2012 - Western European steel output is unlikely to recover in 2013 due to depressed demand levels across the eurozone. Steel volumes will probably fall by up to 3%, Fitch Ratings believes, putting pressure on producers' profitability and free cash flow generation.