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NDRC Issues Operating Results for Chinese Steel Industry, January to April

07 June 2012 - According to China National Development and Reform Commission, in April this year China overall output of crude steel increased by 2.6% YoY, with the growth rate down 4.5 percentage points as compared with April 2011.  In the same month, China finished steel output increased by 7.9% YoY, with the growth rate down 0.4 percentage points YoY.

Anshan Drops Plan for Indian Steel Plant

07 June 2012 - China’s second-largest steelmaker, Anshan Group, has scrapped a plan to build a steelworks in India because of uncertainties in resource allocations. It is, however, continuing talks for a planned plant in the USA. 

ArcelorMittal Recalibrates Agreement With Hunan Valin Steel to Increase Exposure to Fast-Growing Automotive Market

06 June 2012 - ArcelorMittal and the Valin Group today announce that ArcelorMittal will increase its shareholding in the downstream automotive steel joint venture, VAMA (Valin ArcelorMittal Automotive), from 33% to 49%.

ArcelorMittal Recalibrates Agreement With Hunan Valin Steel to Increase Exposure to Fast-Growing Automotive Market

International Environmental Audit Successfully Passed by NLMK

05 June 2012 - Novolipetsk Steel (NLMK) has successfully passed an audit of its Environmental Management System with regard to its compliance with the requirements of international standard ISO 14001:2004.

MMK Invests to Expand Into Market for Shipbuilding Steels

05 June 2012 - MMK is investing in abrasive blast cleaning equipment for rolling shop No. 9, which houses its 5,000 mm plate mill. This will allow MMK to produce AB2-1 and AB2-2 shipbuilding steels.

Ruukki Delivers Steel Structures for Largest Shopping Center in Scandinavia

04 June 2012 - Ruukki has signed a contract to design, manufacture and install the steel structures for the largest shopping center in Scandinavia.

New National Thermal Technologies Innovation Centre in Teesside Opens for Business

04 June 2012 - A collaboration between the Centre for Process Innovation (CPI) and Tata Steel, the Thermal Technologies Centre opened for business on 31 May 2012 at Tata Steel’s Teesside Technology Centre.

Vale Declares Force Majeure at Carborough Downs

04 June 2012 - Vale announced that Carborough Downs, one of its metallurgical coal operations in the Central Bowen Basin, Queensland, Australia, declared force majeure (FM), effective 31 May 2012.

Vallourec Appoints Two New Supervisors at Its Shareholders’ Meeting of 31 May 2012

04 June 2012 - Olivier Bazil and José-Carlos Grubisich were appointed as members of the Supervisory Board of Vallourec for a period of four years. Both members are independent as defined by the AFEP-MEDEF code of corporate governance.

World Steel Association Publishes 2012 Edition of World Steel in Figures

03 June 2012 - The World Steel Association (worldsteel) has published the 2012 edition of World Steel in Figures. The book contains comprehensive information on crude steel production, apparent steel use, pig iron production, steel trade, iron ore production and trade, and scrap trade.

Severstal Announces Investment Plans for Iron Ore and Coal Exploration in 2012

03 June 2012 - OАО Severstal announced that it will invest approximately $98 million in geological exploration for iron ore and coal projects both in Russia and internationally in 2012.

POSCO completes 450,000-Ton-Scale CGL in India

03 June 2012 - POSCO has completed a continuous galvanizing line in the state of Maharashtra, India. The line, with 450,000 tons of annual production capacity, will produce galvanized and galvannealed steel.

Posco Honored by Korea Herald Business

03 June 2012 - Posco was ranked first as Korea’s “nicest company,” determined through a survey conducted by the Korea Herald Business.

Jindal Stainless’s Gross Sales Up by 15.6% at Rs. 8471 for the Year Ending 31 March 2012

02 June 2012 - Jindal Stainless Limited, a member of OP Jindal group, has recorded a 15.6% increase in revenue from operations for the year ending 31 March 2012.

Metinvest Secures US$325 Million Three-Year Syndicated Finance Facility

02 June 2012 - Metinvest B.V has secured a US$325 million 3-year pre-export finance facility arranged by Deutsche Bank AG, exceeding the initial target level of US$300 million.

SAIL Turnover Grows 7% to Highest Ever

02 June 2012 - The audited financial results of Steel Authority of India Limited (SAIL) for the year 2011–12 showed the company’s turnover for 4Q12 grew 13% over the corresponding period in the previous year to Rs. 14,785 crore.

Severstal Announces Iron Ore, Coal Investment Plans for 2012

02 June 2012 - ОАО Severstal announced that it plans to invest approximately $98 million in geological exploration for iron ore and coal projects both in Russia and internationally in 2012.

Outokumpu Supplies Stainless for Leicester Square Upgrade

02 June 2012 - Outokumpu supplied approximately 80 tonnes of standard austenitic 316 and duplex stainless steel to Midas Technologies (GB) Ltd. for the manufacture of the balustrading and gates for the park area around Leicester Square in central London as part of a redevelopment project.

voestalpine Achieves New Record Revenue of Over EUR 12.1 Billion

01 June 2012 - At EUR 12.1 billion, the voestalpine Group generated the highest revenue in the company’s history during the business year 2011/12.

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