Steel News

Italy's Riva Steel Billionaires May Close Largest Factory

18 January 2013 - One of Europe’s richest families is facing potential ruin after being accused of pumping cancer- inducing toxins into the air and having almost US$2 billion in assets seized by an Italian judge, Bloomberg reports.

NLMK Announces Change in its Management Team

18 January 2013 - NLMK announced that Galina Aglyamova stepped down as NLMK Group vice president of finance starting from 28 December 2012, to take on a new career challenge; she will be succeeded in this position by Grigory Fedorishin, formerly director of strategy and business development of the company.

Tubinoxia Becomes Majority Stakeholder in Tubular Joint Venture with Outokumpu

18 January 2013 - Outokumpu’s partner in the OSTP tubular joint venture, Tubinoxia S.r.l. has exercised its call option and acquired additional 15% of the joint venture’s shares from Outokumpu.

Hyundai Steel Orders New Vacuum Degassing Installation from MTAG Technology AG

17 January 2013 - MTAG Technology, headquartered in Emmenbrücke, Switzerland, has been contracted by Hyundai Steel to design and supply a 70-ton turnkey vacuum degassing system for its Incheon Works in South Korea.

The World Steel Association to Host Steel Debate on Twitter

17 January 2013 - The World Steel Association (worldsteel) will host its very first Twitter debate Steel: The Next Hero – Looking to the Future on Friday, 18 January 2013 at 14:00 GMT (9:00 am EST).

Steel Benchmarker™: U.S. Hot Rolled Band Prices Remain Weak

16 January 2013 - In its one hundred sixty third report, the SteelBenchmarker™ released 11 steel product and three U.S. scrap prices, showing increasing hot rolled band prices in China, western Europe and world export pricing but decreasing U.S. prices.

EVRAZ Completes Acquisition of Indirect Controlling Interest in OJSC Rapadskaya

16 January 2013 - EVRAZ announced that it has completed the acquisition of a further 50% interest in Corber Enterprises Limited, which holds an 82% interest in OJSC Raspadskaya and its subsidiaries.

Goldman Boosts Iron Ore View as 'Oversupply' Two Years Away

16 January 2013 - Iron ore will see another year of “exceptional prices” before supplies start to outpace demand, Goldman Sachs Group Inc. said as it increased its forecast for the seaborne commodity used in steel, Bloomberg reports.

ATI 2003® Lean Duplex Alloy Selected for North Sea Project

15 January 2013 - Allegheny Technologies Inc. announced that ATI 2003® lean duplex stainless was chosen over 316L stainless and coated carbon steel for topside secondary and outfitting structural components on a major offshore project in the Norwegian North Sea.

RHI to Purchase Stake in Indian Orient Refractories

15 January 2013 - A wholly-owned affiliate of RHI AG signed a share purchase agreement to acquire 43.6% of the share capital of Orient Refractories Ltd., an Indian producer of special refractories and monolithics.

Chinese Stainless Steel Producer Orders Rolling Mill from SMS Meer

14 January 2013 - FuJian WuHang Stainless Steel from ChangLe City, FuJian Province, China, has placed an order with SMS Meer for the supply of the core technologies for construction of a new stainless steel rolling mill for the production of wire rod and bar in coils.

BlueScope Announces Production Changes at its Western Port Australia Plant

14 January 2013 - BlueScope Steel announced its intention to reconfigure its Australian cold rolling, metal coated and painted steel production. This change will reduce production levels at its Western Port facility and provide significant cost savings.

Rising New Energy Contracts Tenova Core for Carbon Baking Furnaces

14 January 2013 - Tenova Core has been contracted by Rising New Energy, for the design and supply of three car bottom type carbon baking furnaces for installation at the Rising New Energy plant located in the Xingwangiao Industrial Area, Inner Mongolia, China.

Klöckner & Co. Apoints New Member to Its Management Board

11 January 2013 - The Supervisory Board of Klöckner & Co SE has appointed Karsten Lork as a member of the company's Management Board with responsibility for Europe and Asia.

ArcelorMittal to Restart Blast Furnace in France

11 January 2013 - Steel titan ArcelorMittal said Wednesday it's restarting one of its blast furnaces at a steel plant in Dunkerque, northern France due to a slight increase in demand from its customers, according to a MarketWatch.com report.

Outotec to Deliver Gas Cleaning Plant for LKAB in Sweden

10 January 2013 - Outotec has agreed with Luossavaara-Kiirunavaara AB (LKAB) on the design and turnkey delivery of a gas cleaning plant to LKAB's iron ore pellet plant in Malmberget, Sweden.

ArcelorMittal to Restart Blast Furnace at Spanish Steel Plant

10 January 2013 - ArcelorMittal, the world's largest steelmaker, will restart blast furnace B at its Gijón plant in Spain on Jan. 15 after a six-month shutdown for maintenance works amid weak market conditions, the company said on Wednesday, Reuters reported.

Rio de Janeiro Orders ThyssenKrupp CSA to Halt Operations

09 January 2013 - The municipality of Rio de Janeiro, Brazil's second-largest city, ordered steel slab mill Cia Siderúrgica do Atlántico SA to halt operations, alleging it does not have an operating license, Reuters reports.

Vallourec Pursues Its Long Term Collaboration with Petrobas in Brazil

09 January 2013 - Vallourec’s Brazilian subsidiary V & M do BRASIL and Petrobras have signed a 5-year-contract to supply Petrobras’ operations with premium OCTG products, including seamless pipes, steel grades and connections using state-of-the art technology.

ThyssenKrupp Steel Europe Announces New Management Team

09 January 2013 - ThyssenKrupp Steel Europe AG has announced a new management team.