World
All the latest headlines from all regions of the world outside the NAFTA market.
Latest News
ThyssenKrupp CEO Pledges New Era at Troubled Steelmaker
11 December 2012 - ThyssenKrupp chief executive Heinrich Hiesinger vowed to fix problems at Germany's biggest steelmaker after a disastrous overseas foray and corruption allegations led him to axe half his management board, Reuters reports.
Production Begins at State-of-the-Art Air Separation Unit at Cherepovets Steel Mill
11 December 2012 - ZAO Air Liquide Severstal, a joint venture between Air Liquide and OAO Severstal, has successfully launched a plant to produce industrial gases for CherMC at Cherepovets Steel Mill, part of Severstal’s Russian Steel Division. The total investment in the project has reached €50 million.
OECD Steel Committee Signals Weak Growth in Global Markets But Stronger Long-Term Prospects
10 December 2012 - The growth in global steel demand is expected to be slower in the coming decade than during the previous 10 years but longer-term prospects are nevertheless favorable, according to industry and government officials at the OECD’s Steel Committee meeting in Paris on 6-7 December 2012.
Concast Founder Irving Rossi Honored by American Metal Market
10 December 2012 - For his achievements in continuous casting technology, Irving Rossi, founder of the Swiss company Concast, has been awarded a place in the “Hall of Fame” of the American trade journal American Metal Market.
Ovako Reducing Its Workforce By More Than 200
10 December 2012 - Ovako will reduce its workforce by some 200 positions in order to improve efficiency and reduce costs in light of the current economic situation.
ThyssenKrupp May Seek Compensation for Steel Americas
10 December 2012 - ThyssenKrupp is considering demanding compensation from its former chief executive and other managers for costly investments in steel plants in Brazil and the United States, Reuters reports.
Third Siemens Continuous Slab Caster Goes Into Operation at Dragon Steel
10 December 2012 - Siemens VAI Metals Technologies put a new two-strand continuous casting plant with the capacity to produce two million tons of slabs into operation in August at the Taiwanese steelmaker Dragon Steel Co.
CME Clearing Europe Expands its Metals Offering with Two Iron Ore Contracts
10 December 2012 - CME Clearing Europe has added two new over-the-counter iron ore contracts for clearing: Iron Ore 62% CFR China Calendar Swaps and Iron Ore 62% CFR China Average Price Options.
SMS Elotherm to Provide Tailor-Made Induction Heating Technology for Ovako
07 December 2012 - SMS Elotherm has been awarded two orders for induction heating equipment by Ovako Tube and Ring AB in Hofors, Sweden.
Tata Steel Enhances Quality Control for Bar and Rod
07 December 2012 - Tata Steel has invested almost £1.5 million in new technology to improve the quality of the steel bar and wire rod output at its Rotherham and Scunthorpe works in the UK.
AIST Conducts Second International Steel Academy in Istanbul, Turkey
07 December 2012 - The Association for Iron & Steel Technology (AIST) recently completed the second AIST International Steel Academy (ISA) at The Hilton Istanbul in Istanbul, Turkey, 3–6 December 2012.
ArcelorMittal Tube Plant in Ostrava Supplies Tubes for Polish Gas Pipeline
07 December 2012 - The Czech Republic's ArcelorMittal Tubular Products Ostrava willl participate in the construction of the backbone network of gas pipelines in Poland with no less than one third of the volume of the supplies of spirally welded tubes.
Voestalpine Stahl Places Order for New Charging Car with SCHALKE
07 December 2012 - In October 2012 voestalpine Stahl AG in Austria placed an order for designing and manufacturing a new charging car with Schalker Eisenhütte.
Siderperu Launches Second Phase of Metal Operators Development Project
07 December 2012 - Siderperu, Gerdau’s operation in Peru, launched the second phase of its Metal Operators Development project in the city of Chimbote. The program is geared toward low-income workers and aims to train professionals for work in the steel industry.
JFE to Delay Decision on $3.6 Billion Steel Plant in Vietnam
06 December 2012 - JFE Holdings Inc., Japan’s second- biggest steelmaker, will push back a decision on whether to build a $3.6 billion integrated steel mill in Vietnam, its first outside Japan, as it assesses competitive risks, Bloomberg Businessweek reports.
ArcelorMittal Ostrava to Launch Production of a New Type of Steel
06 December 2012 - ArcelorMittal Ostrava is going to produce Arcorox® weathering steel – the steel grade allocated to the ArcelorMittal group. The new grade has a higher content of copper enabling to form a patina layer, which protects the steel against atmospheric corrosion.
World Steel Association Announces Regional Champions of the 7th steeluniversity Challenge
06 December 2012 - The World Steel Association (worldsteel) announced the regional champions of the 7th steeluniversity Challenge.
Gerdau Invests in a New Water Treatment Plant in Spain
06 December 2012 - Gerdau’s plant in Reinosa, Spain, invested €700,000 in a new treatment plant of the water used in the steel manufacturing process.
ThyssenKrupp AG Announces Personnel Changes on Its Executive Board
06 December 2012 - The personnel committee of the supervisory board, in close cooperation with Dr. Heinrich Hiesinger, CEO of ThyssenKrupp AG, have agreed to propose to the supervisory board in its meeting on 10 December 2012 to release the executive board members Dr. Olaf Berlien (50), Dr. Jürgen Claassen (54) and Edwin Eichler (54) from their functions effective 31 December 2012.
SMS Group Notices Customer Reluctance to Place Orders
05 December 2012 - The SMS group has noticed a reluctance among its customers to place orders, not only because of the weak steel market, but also due to the expected effects on the global financial system of Europe's national debt and euro crisis.
