Steel News

SSC Completes Construction of New Coil Center in Japan

26 July 2012 - SSC Co., Ltd. held an inauguration ceremony for its new coil center in the Tohoku region of Japan on 24 July 2012.

Tata Steel Begins Work on £240m Investment in Wales

26 July 2012 - On 26 July, Tata Steel marked the launch of a £240 million investment at its Port Talbot works in South Wales by calling on government at all levels in the UK to take urgent and immediate action to create growth and remove obstacles for recovery in the manufacturing economy.

Acerinox Reports Results for the First Half of 2012

25 July 2012 - Spanish stainless steel producer Acerinox reported its results for the first half of 2012, noting the strength of the North American market and strong performance of North American Stainless has enabled it to post healthy results despite the weak European market and tense prices in the Asian markets.

Tata Steel to Invest €12 Million in French Steel Mill to Make Longer Premium Rails

25 July 2012 - Tata Steel has announced it will invest more than €12 million in new technology so it can produce longer wear-resistant rails at its French steel mill.

ArcelorMittal Announces Sale of Its Stake in Paul Wurth Group to SMS

25 July 2012 - ArcelorMittal announced the sale of its 48.1% stake in Paul Wurth Group to SMS GmbH for €300 million.

ArcelorMittal Reports Second Quarter and First Half 2012 Results

25 July 2012 - ArcelorMittal, the world's largest steel company, announced its earnings and operating results for the "challenging" first half of 2012.

KOCKS to Supply New SBQ Mill to NISCO

25 July 2012 - Nanjing Iron & Steel Co., Ltd. (NISCO) signed a contract with the German company FRIEDRICH KOCKS GmbH & Co KG for the supply and the commissioning of a 3-roll Reducing & Sizing Block 370/4 in heavy duty design [RSB++]for a new SBQ bar mill.

SMS Group Takes Over Majority Share in Paul Wurth

25 July 2012 - The SMS Group reported it has taken over 59.1% of the shares in Paul Wurth S.A., Luxembourg, that were previously owned by ArcelorMittal (48.1%) and the Luxembourg fund Luxempart (11.0%). 40.8% of the shares remain with the Luxembourg shareholders controlled by the state.

Jindal Steel & Power to Buy CIC Energy Corp.

24 July 2012 - Coal company CIC Energy Corp., listed on the Toronto and Botswana stock exchanges and headquartered in Nassau, Bahamas, has entered into a binding merger agreement with India's Jindal Steel & Power Limited.

Ilva to Restart Hot Rolling Line in Early September

24 July 2012 - Taranto, Italy-based steel producer Ilva, part of the Riva Group, announced that its hot rolling line No. 1 will be restarted in September.

Vale Names New CFO

24 July 2012 - Vale's Chief Financial Officer Tito Martins is leaving the company and will be replaced by Luciano Siani. 

Siemens to Supply Electrical Steel Works to BMM Ispat

23 July 2012 - Indian steelmaker BMM Ispat Ltd. ordered the core systems for an electrical steel plant from Siemens VAI Metals Technologies, including an electric arc furnace specially designed for combined charging of hot metal and direct-reduced iron.

worldsteel Reports June 2012 Crude Steel Production 0.1% Lower Year-on-Year

20 July 2012 - World crude steel production for the 62 countries reporting to the World Steel Association (worldsteel) was 128 million tonnes in June 2012, a decrease of -0.1% compared to June 2011.

Gerdau Announces New CFO

20 July 2012 - Gerdau announced that its Executive Vice President and CFO, Osvaldo Burgos Schirmer, will retire on 31 December 2012, after 26 years of service with the company.

JSW Planning 2.3 Million Tonne Cold Rolling Complex for Automotive Steels

20 July 2012 - JSW Steel Limited plans to set up a 2.3 million tonne per annum cold rolling mill complex to manufacture high-grade automotive steel at Toranagallu in Bellary district.

China Appeals Steel Dispute Panel Report at WTO

20 July 2012 - On 20 July 2012, China filed a notice of appeal with the World Trade Organization in dispute case DS414 with the U.S. concerning “countervailing and anti-dumping duties on grain oriented flat-rolled electrical steel from the U.S."

TMK Announces First Half 2012 Operational Results

20 July 2012 - OAO TMK, one of the world’s leading oil and gas steel pipe suppliers, announced its operational results for the first half of 2012.

The Bradbury Group and Athader Announce Definitive Joint Venture

19 July 2012 - Spain's Athader, a company specializing in the design, manufacturing and assembly of technologically advanced, turkney metal coil processing lines, is the latest company to become a member of The Bradbury Group.

EVRAZ Suspends Operations at its South African Mill

19 July 2012 - EVRAZ plc announced the temporary suspension of operations at EVRAZ Highveld Steel and Vanadium in South Africa following the start of an industrial action announced by EVRAZ Highveld’s largest union NUMSA.

Abengoa to Invest $120 Million in Two Steel Dust Recycling Plants in Turkey

19 July 2012 - Abengoa, an international company that applies innovative technology solutions for sustainable development in the energy and environment sectors, announced it will construct two plants for steel dustry recycling based in Izmir and Adana, Turkey. 