Steel News

ThyssenKrupp CSA Comments on Detection of Graphite Dust in Surrounding Communities

02 November 2012 - On 30 October 2012, graphite dust was detected in the streets of three communities within a 2 km radius from ThyssenKrupp CSA’s (TKCSA) production facilities in Brazil.

Gerdau Announces New Mining Strategy

02 November 2012 - As it reported its third quarter earnings results, Gerdau announced it has discontinued its search for a strategic partner for its mining projects; in addition, its iron ore resource deposits in Minas Gerais are 117% larger than previously announced.

ArcelorMittal Ostrava Reducing Emissions with New Deduster

01 November 2012 - ArcelorMittal Ostrava in the Czech Republic has been using a dedusting filter installed last year to reduce dust emissions; in 2011, it reduced its PM 10 dust emissions by almost 40% compared to 2010.

Doosan Heavy Industries & Construction Qualifies Tenaris Mill in Romania

01 November 2012 - Production automation, a corporate quality system and a dedicated team were the key factors leading to the qualification of Tenaris’s Silcotub mill in Zalau, Romania, as a tubing supplier for Korea’s Doosan Heavy Industries & Construction’s boiler and HRSG needs.

ArcelorMittal Announces Global Results for Third Quarter

31 October 2012 - ArcelorMittal, the world’s largest integrated steel and mining company, announced results for the quarter ended 30 September 2012, commenting that operating conditions remain very challenging due to the slowdown in China.

Outotec Recognized Again in Carbon Disclosure Leadership Index

31 October 2012 - For the fourth consecutive year Outotec is included in the Nordic Carbon Disclosure Leadership Index, which highlights companies with the most professional approach to climate change disclosure practices.

JFE, Sahaviriya Steel and Marubeni-Itochu Steel Sign Partnership Agreement

31 October 2012 - JFE and MISI will invest US$25 million each in Sahaviriya Steel Industries (SSI), increasing their stakes in the joint venture company, Thai Cold Rolled Steel Sheet. JFE has agreed to support SSI with a continuous supply of steel as well as help to imiprove operational performance through technical cooperation.

Baoshan Steel to Invest $1.3 Billion in Natural Gas Pipeline

31 October 2012 - Baoshan Iron & Steel Co., China’s biggest publicly traded steelmaker, will invest 8 billion yuan (US$1.3 billion) in a natural-gas pipeline as overcapacity and higher raw material costs squeeze its profit margins for steel.

Alacero Names New Officers as 53rd Latin American Steel Congress Comes to an End

30 October 2012 - On 30 October 2012, the Latin American Steel Congress, Alacero-53, came to an end after three days of intense work that gathered more than 800 representatives of the steel value chain in Santiago, Chile. New officers were named for the 2013 period.

Brazil Steel Use to Grow in 2013 on World Cup, ArcelorMittal Says

30 October 2012 - Brazil’s steel demand will grow at least 5% next year as the government prepares Rio de Janeiro for the 2014 soccer World Cup and the 2016 Olympic Games, ArcelorMittal says, according to Bloomberg Businessweek.

Italy Grants Ilva Steel Mill License With Strict Terms

26 October 2012 - Italy’s environment ministry on Friday gave steelmaker ILVA authorization to keep running its factory in southern Italy as long as it complies with strict conditions to reduce emissions and clean up the plant, Reuters reports.

Oleg Bagrin Elected President of NLMK

26 October 2012 - NLMK announced that its shareholders officially elected Oleg Bagrin as NLMK President (Chairman of the Management Board).

Worldsteel Hosts Advancing Life Cycle Assessment Seminar in Latin America

25 October 2012 - More than 90 representatives from across Latin America came together to look at how Life Cycle Assessment (LCA) could be rolled out through the steel industry in the region. LCA provides a method of assessing the environmental impacts of a product or material across the whole supply chain, from raw material extraction to end of life recycling or disposal.

Steelmaker in Taiwan Orders Bar-in-Coil Line from Siemens

24 October 2012 - Siemens Metals Technologies has received an order from Taiwan’s Wei Chih Steel Industry Co. Ltd. to supply a new rolling line for bar-in-coil which is scheduled to go on stream at the end of 2013.

Outokumpu Reports Unsatisfactory Profitability in a Challenging Environment

24 October 2012 - Finnish stainless steelmaker Outokumpu reported continued positive cash flow but unsatisfactory profitability as it reported its third quarter earnings results. It also provided a short term outlook.

SSAB Reports Operating Loss for Third Quarter 2012

24 October 2012 - Sweden-based steelmaker SSAB says that, despite a tough market, it is continuing to pursue an increasing number of development projects, as it reported its third quarter earnings results.

JFE Steel and Kanematsu Acquire Premium Threading Business in U.S. for US$91.5 Million

23 October 2012 - JFE Steel Corporation announced it is decided to acquire the premium threading business and related assets of U.S.-based Benoit Machine LLC through a holding company, Benoit Holding Company, which has been jointly established by JFE Steel and Kanematsu USA Inc., a wholly owned subsidiary of Kanematsu Corporation in Japan.