Steel News

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. 

ThyssenKrupp Steel Europe Solves Its Supply Chain Puzzle with Quintiq

18 July 2012 - ThyssenKrupp Steel Europe is aiming to solve its currently problematic supply chain planning puzzle and optimize its supply chain processes with Quintiq, a specialist in advanced planning & scheduling solutions.

General Steel Subsidiary Signs Materials Sourcing and Production Agreement

18 July 2012 - General Steel Holdings, Inc. announced that its 99%-owned subsidiary, Maoming Hengda Steel Co. recently signed an agreement under which it will purchase steel billet from one company and sell rebar manufactured from this steel billet to another at a fixed markup of RMB 200 per tonne (approximately USD $31.85).

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.