Steel News

SSAB Gives Notice of Redundancy Regarding 450 Employees

12 October 2012 - SSAB has today given notice of redundancy affecting 450 employees in the Swedish operations. The measures constitute part of the previously announced efficiency program within SSAB EMEA.

Tenova Strip Processing to Supply Two Process Lines to Southern Steel Sheet Corp.

12 October 2012 - Tenova Strip Processing has signed two contracts with Southern Steel Sheet Corporation, a joint venture of Vietnam Steel Group with Japan's Sumitomo and Malaysia's Federal Iron Works for the production of high quality galvanized and color coated coils.

worldsteel Announces Winners of 3rd Steelie Awards

12 October 2012 - The World Steel Association (worldsteel) hosted its third Steel Awards ceremony at the farewell dinner to close the 46th annual steel industry conference in New Delhi, India.

ThyssenKrupp Steel Europe Contracts SMS Siemag for Revamp of Duisburg-Beeckerwerth Continuous Caster

12 October 2012 - Following the engineering order in March 2012, ThyssenKrupp Steel Europe has now contracted SMS Siemag to provide the delivery for the revamp of its continuous caster no. 1 at the Duisburg-Beeckerwerth works in Germany.

NLMK Lipetsk Issues Final Acceptance Certificate for New Blast Furnace

11 October 2012 - In addition to the basic design, the Paul Wurth Group has executed engineering and supply of a new 3.4 million ton per year blast furnace, including shell and tower structure, the refractory lining and the cooling system, for NLMK's Lipetsk works in Russia.

Tata Steel Wins Deming Grand Prize

11 October 2012 - Tata Steel has become the first integrated steel company in the world to be awarded the Deming Grand Prize (DGP) by the Japanese Union of Scientists and Engineers (JUSE).

World Steel Association Elects New Officers and Welcomes New Members

10 October 2012 - The Board of Directors of the World Steel Association (worldsteel) has elected new officers and welcomed new members for 2012/2013.

worldsteel Announces Safety and Health Excellence Recognition 2012

10 October 2012 - The World Steel Association has recognized four member companies, China Steel Corporation (CSC), Gerdau, NatSteel, and Tata Steel Limited for excellence in their safety and health programs.

Force Majeure at Iron Ore Mine Could Affect Production at ArcelorMittal South Africa

09 October 2012 - On Friday 5 October 2012 SIOC issued a force majeure notice informing ArcelorMittal South Africa that its supply obligations will be suspended due to unprotected industrial action at its Sishen mine which affects production and operations.

Severstal Resources Holds Competition for Mining Students

09 October 2012 - Severstal Resources, the mining division within OAO Severstal, a Russian steel and steel-related company, held a competition open to students at mining colleges in Russia in order to recruit young professionals.

Harsco Extends 30-Year Relationship With Tata Steel in the UK Under Multi-Year Agreement

09 October 2012 - Harsco's Metals & Minerals group and Tata Steel UK have agreed to extend their long-term relationship at the Scunthorpe and Port Talbot steelworks in a UK-wide, multi-year contract.

Fitch: Scarcity Premium Disappears for Steel Raw Material Miners

09 October 2012 - In a new report published today, Fitch details its expectations for the iron ore and metallurgical coal markets and profitability for producers thereof.

Outokumpu Submits a Binding Remedy Commitment Related to the Inoxum Transaction

09 October 2012 - After the rejection of the Swedish remedy by the European Commission, Outokumpu has now submitted a binding remedy commitment to ensure the approval of the Inoxum transaction.

Italy Prosecutors Order Ilva to Start Shutdown

08 October 2012 - Italian prosecutors have ordered steel maker ILVA to comply within five days with an order to begin shutting down operations because of heavy pollution at its site in the southern city of Taranto, according to documents seen by Reuters.

ArcelorMittal Invests €7.2m in a New Galvanizing Line for Florange

08 October 2012 - ArcelorMittal Florange has recently started test runs at its new galvanizing line in Sainte-Agathe, France. The line will be used to coat Usibor®, a press-hardened boron steel used in automotive applications.

Saudi Billionaire Signs US$600 Million Ethiopian Steel-Plant Deal

08 October 2012 - An Ethiopian company owned by Saudi billionaire Mohammed al-Amoudi and Italy’s Danieli & C Officine Meccaniche SpA signed a US$600 million deal to build the nation’s biggest steel plant, Project Director Shimelis Eshete said, according to a published report.

Evraz Takes Indirect Controlling Interest in Coking Coal Producer

08 October 2012 - Russia's EVRAZ plc announced that it has agreed the terms of the acquisition of an indirect controlling interest in coking coal producer OJSC Raspadskaya and its subsidiaries.

Interpipe Steel Opens New Plant in Ukraine

08 October 2012 - On 4 October, in Dnepropetrovsk, Ukraine, the electric steel melting complex Interpipe Steel - the first metallurgical plant built from scratch since Ukraine became independent - was opened. President of Ukraine Victor Yanukovich participated in the opening ceremony.

Tata Steel Europe Announces Start of Second ULCOS HIsarna Campaign

05 October 2012 - The second campaign of the HIsarna campaign began with the lighting of the pilot plant’s burners – the start of the process to heat the furnace up to the right temperature. In about two weeks’ time the test campaign to make liquid iron using the new technology will commence.

Mechel Announces New Executive Appointments

05 October 2012 - Mechel OAO, one of the leading Russian mining and metals companies, announced new executive appointments.