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World
All the latest headlines from all regions of the world outside the NAFTA market.
Latest News
World Steel Association Reports July Crude Steel Production 2% Higher Year-on-Year
21 August 2012 - World crude steel production for the 62 countries reporting to the World Steel Association (worldsteel) was 130 million tonnes in July 2012, an increase of 2.0% compared to July 2011.
Kezhou Ganxin to Build High-Strength Steel Production Line
21 August 2012 - Xinjiang region-based Chinese steelmaker Kezhou Ganxin Iron and Steel Co., Ltd., announced it will start construction of its sintering machine project for a high-strength steel production line with an annual capacity of one million tonnes.
Sutor Technology Group to Supply 12,000 Tonnes of Spiral Seam Pipes to Dredging Company
21 August 2012 - Sutor Technology Group Limited has entered into a supply agreement for 12,000 tonnes of spiral seam steel pipes with Middle East Dredging Company, a company established in Qatar and specialized in capital dredging works.
JFE to Provide Technology for Development of Auto Steel to JSW
20 August 2012 - JFE Steel Corporation has signed an agreement with its strategic partner, JSW Steel Limited, to provide manufacturing technology for the production of automotive steel in cold rolling mill 2 (CRM-2) at Vijaynagar, India, which is expected to start operations by autumn 2013.
Alberta Adopts ASTM A1035 Steel as Corrosion Protection Solution for Bridge Roadways
20 August 2012 - The Province of Alberta, Canada recently updated its Bridge Structure Design Criteria Version 7.0 to reflect that ASTM A1035 corrosion resistant reinforcing steel manufactured by MMFX Steel or solid stainless steel are the only two acceptable reinforcing steel technologies for use in Exposure Class 2 bridges in Alberta.
BlueScope Steel Reports Earnings Performance
20 August 2012 - BlueScope reported a $1,044 million net loss after tax (NLAT) for FY2012. This compares with a $1,054 million reported NLAT in FY2011.
China Industrial Steel Reports Results for the Second Quarter
20 August 2012 - China Industrial Steel, a steel plate and bar producer, announced its earnings performance for the three months ended 30 June 2012; sales declined 33% year-on-year while net income fell 83%.
Siemens Receives Final Acceptance Certificate for New Bar Mill from Chinese Special Steel Manufacturer Dong Bei
20 August 2012 - Chinese steel producer Dong Bei Special Steel Group Co. issued Siemens VAI Metals Technologies the final acceptance certificate for a new bar mill at their site in Dalian in the province of Liaoning.
Siemens Receives Final Acceptance Certificate for New Bar Mill from Chinese Special Steel Manufacturer Dong Bei
20 August 2012 - Chinese steel producer Dong Bei Special Steel Group Co. issued Siemens VAI Metals Technologies the final acceptance certificate for a new bar mill at their site in Dalian in the province of Liaoning.
Mukand and Sumitomo Establish Joint Venture for Longs Processing in India
17 August 2012 - India’s Mukand Limited and Japan’s Sumitomo Corporation have agreed to establish a joint venture company for the secondary processing of specialty steel long products in India. Mukand will hold a 60% interest in the company and Sumitomo will hold the remaining 40%.
Ruukki Discusses Energy Efficiency as a Business Opportunity in the Steel Industry
17 August 2012 - Companies worldwide increasingly realize and acknowledge that sustainability is not merely a necessary means for maintaining and enhancing their reputation and corporate culture, but also presents numerous opportunities for driving business. In the steel industry, it poses a business opportunity for the manufacturer, but also for the customer and end-user.
China Precision Steel Announces Resignation of Director
17 August 2012 - China Precision Steel, Inc., a niche precision steel processing company principally engaged in producing and selling high precision, cold-rolled steel products, announced the resignation of Che Kin Lui from the Board of Directors, effective 8 August 2012, due to personal reasons.
Gerdau Produces Steel Piece Weighing Over 100 Tonnes
16 August 2012 - Gerdau, at its operation in Spain, produced a steel part of over 100 tonnes for one of the largest manufacturers of industrial presses in the world.
NLMK Creates New Position of Executive Vice President
16 August 2012 - NLMK, a leading global steel company, announced the appointment of Oleg Bagrin, a Member of the Board of Directors and Chairman of the Strategic Planning Committee, to the newly created position of Executive Vice-President.
Gerdau Volunteer Olympics Benefits More than 76,000 People
16 August 2012 - With record numbers of participation of employees, the Gerdau Volunteer Olympics benefited 76,000 people this year in nine countries where the company operates.
China Gerui Advanced Materials Group Announces Second Quarter 2012 Results
15 August 2012 - China Gerui Advanced Materials Group Limited, a high precision cold rolled steel producer in China, achieved reasonable revenue and cash flow generation in the second quarter despite a weak pricing environment and challenging domestic market conditions.
Outokumpu Tornio Receives Environmental Permit Enabling Commissioning of Ferrochrome Extension
15 August 2012 - The Regional Administration of Northern Finland (PSAVI) has granted the Outokumpu Tornio site an environmental permit for its operations. The permit will enable the commissioning of the extension to the ferrochrome production capacity already under construction in the autumn of 2012 as planned.
Klöckner & Co. Reports Results for First Half of 2012
14 August 2012 - Klöckner & Co.’s turnover and sales increased sharply in the first six months of 2012, primarily from the acquisition of Macsteel Service Centers USA and strong organic growth in the U.S.
Evraz Resumes Operations of Evraz Highveld in South Africa
14 August 2012 - EVRAZ plc announced the restart of operations at EVRAZ Highveld Steel and Vanadium in South Africa which had been temporarily suspended as a result of an industrial action announced by EVRAZ Highveld’s largest union NUMSA at the end of July.
ThyssenKrupp Reports Results for First Nine Months of Fiscal Year
13 August 2012 - Low volumes and prices in ThyssenKrupp's materials business caused declines in orders from continuing operations and sales as the German company reported its earnings results for the period 1 October 2011 to 30 June 2012.
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