Steel News

ABUL KHAIR Orders Two-Stand Compact Cold Mill from SMS Siemag

17 July 2012 - ABUL KHAIR Strip Processing, based in Bangladesh, has awarded SMS Siemag an order to supply a two-stand Compact Cold Mill (CCM®), designed for the production of ultra-thin strips and an annual production capacity of 185,000 tonnes.

Jindal Steel Terminates Contract with Bolivian Government for $2.1 Billion Investment

17 July 2012 - Jindal Steel Bolivia terminated the contract signed with the Bolivian government for the investment of US$2.1 billion in the El Mutun mines.

POSCO Breaks Ground on CSP Steel Complex in Brazil

17 July 2012 - The Brazil CSP Steel Plant Complex, the largest-ever overseas steel plant construction order won by POSCO E&C of Korea, has commenced.

U.S. Commission Votes To Keep Antidumping Duties on Stainless Steel Bar

17 July 2012 - The U.S. International Trade Commission determined that revoking the existing antidumping duty orders on stainless steel bar from Brazil, India, Japan, and Spain would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time.

EUROFER: Weak Confidence, Cash and Credit Issues Backfire on EU Steel Demand

16 July 2012 - EUROFER’s third quarter 2012 steel market outlook signals that market fundamentals may remain depressed longer than expected. Only from the second quarter of 2013 onwards is EU steel demand forecast to improve again, the European Steel Association (EUROFER) said this week.

Tata Steel Sells 50% Stake in Dutch Recycler

16 July 2012 - Tata Steel has agreed to sell its 50% stake in Dutch ferrous and non-ferrous metals recycler HKS Scrap Metals Co. to Euro Scrap Alliance (ESA), a subsidiary of TSR of Germany, for an undisclosed sum.

TMS International Announces New Contract Wins Totaling More than $91 Million

16 July 2012 - TMS International Corp., a leading provider of outsourced industrial services to steel mills globally, has secured new mill services contracts totaling more than $91 million in revenue over the lives of the contracts with customers in the U.S., Mexico, UAE, France and South Africa.

Metinvest to Modernize Rolling Mill at Ilyich Works

16 July 2012 - Heating furnace No. 5 at the Rolling Mill 1700 of the Ilyich Iron & Steel Works in Ukraine, an affiliate of Metinvest Holding, was shut down for the capital repair for 45 days within the framework of a complex program for reconstruction and modernization.

Tata Steel Confirms Commitment to Equipment Customers with IJmuiden Investment

16 July 2012 - Demonstrating its commitment to delivering differentiated products to its customers, Tata Steel has recently completed a significant investment in upgrading one of the coilers on the hot strip mill at its IJmuiden plant in the Netherlands.

Sumitomo Acquires Coal Mining Interest in Australia

16 July 2012 - Sumitomo Corp. has acquired a 50% stake in the Isaac Plains coal mine joint venture in Queensland, Australia, for A$430 million.

Trade Tribunal Inquiry Indicates Injury to Canadian Industry in Welded Pipe Case

16 July 2012 - The Canadian International Trade Tribunal determined there is a reasonable indication that the alleged dumping of certain carbon steel welded pipe from seven countries and the subsidization of the above-mentioned goods from three countries have caused injury or retardation or are threatening to cause injury to the domestic industry.

MMK Completes Construction of New Cold Rolling Complex

16 July 2012 - Russia's Magnitogorsk Iron & Steel Works (MMK) launched the second stage of its new cold rolling complex with an investment of over US$1 billion.

Linde to Construct Two Major Air Separation Units for Tata Steel India

16 July 2012 - Technology company The Linde Group will be constructing two major air separation units at the Kalinganagar industrial complex in Odisha, India, for Tata Steel Limited.

Boulting Group Completes Refurbishment of Tata Steel Processing Line

16 July 2012 - The Boulting Group, a multi-disciplined engineering solutions provider, has completed the refurbishment and installation of a turret head edge trimmer, scrap chopper and all associated equipment on the AP1 Line at Tata Steel's Orb Works in South Wales.

ArcelorMittal Hunedoara Starts Production at New Profiles Rolling Mill in Romania

13 July 2012 - Romanian steel producer ArcelorMittal Hunedoara has started commercial production at its new rolling mill, following a €43 million investment.

India Escalates U.S. Steel Duties Dispute at WTO

13 July 2012 - India has asked the World Trade Organization to set up a panel to adjudicate on its dispute with the United States over U.S. duties on some imports of Indian steel products, the WTO said on Friday.

Simetal Quality Expert Automates Quality Assurance During Continuous Casting

12 July 2012 - Siemens is providing operators of continuous casting plants with a new tool for automated quality control: the Simetal Quality Expert.

Rio Tinto Announces Management Changes

12 July 2012 - Rio Tinto announced several management changes. Its CFO will retire at the end of 2013; a successor has yet to be appointed.  Three other roles on the executive committe are also changing.

Emirates Steel is Fourth Rebar Manufacturer Worldwide to be Certified by ASME

12 July 2012 - Emirates Steel has been awarded a Quality System Certificate as a Material Organization from the American Society of Mechanical Engineers for the manufacture of concrete reinforcing bar. It is the fourth rebar manufacturer worldwide to be awarded this certificate and the first in the GCC.

BlueScope Steel Receives Federal Solar Grant

12 July 2012 - Australia's BlueScope Steel has won AUD$2.3 million in Federal Emerging Renewables Program funding to develop a prototype building-integrated solar PV system.