World
All the latest headlines from all regions of the world outside the NAFTA market.
Latest News
Siemens Industry Sector Reports Lower Orders, Particularly in Metals Technologies Business
08 November 2012 - Although Siemens AG achieved one of the best operating results in the company’s history in fiscal 2012, the company lagged behind its own high objectives and announced plans to rereduce its costs by €6 billion, increase its competitiveness, and become faster and less bureaucratic with the help of a two-year company-wide program.
Tenaris Reports Third Quarter Results, Gives Outlook
08 November 2012 - Tenaris S.A. announced its results for the third quarter, noting increased year-on-year sales led by higher demand in North and South America, but this was offset by lowershipments to the Middle East and lower demand for industrial products in Europe, in addition to seasonal factors.
Ilva to Temporarily Lay Off Up To 2,000 Workers
08 November 2012 - Italian steel producer Ilva announced that "due to the ongoing market crisis which started in the first quarter this year, in the next few days the company will start to implement temporary layoffs at the Taranto-based steel complex." Up to 2,000 workers will be affected by the decision and will be paid from redundancy funds, SteelOrbis reports.
Vallourec Capitalizing on Global Oil and Gas Drilling
07 November 2012 - Benefiting from growing oil and gas sales across all of the regions it serves, Vallourec announced its results for the third quarter of 2012, noting oil & gas sales are up 19% year-to-date and now represent 60% of total sales.
voestalpine Reduces Profit Projection by €100 Million
07 November 2012 - Austrian steelmaker voestalpine cut its profit projection for the year by €100 million due to "ever growing economic uncertainty" and worsening conditions over the past several months.
Ternium Reports Lower Third Quarter Shipments in Latin America Offset by Higher Shipments in North America
07 November 2012 - Latin American steelmaker Ternium reported its third quarter financial results, noting it expects steel demand in the Americas to increase next year as market conditions gradually improve in North America and in Brazil.
Ternium Reports Lower Third Quarter Shipments in Latin America Offset by Higher Shipments in North America
07 November 2012 - Latin American steelmaker Ternium reported its third quarter financial results, noting it expects steel demand in the Americas to increase next year as market conditions gradually improve in North America and in Brazil.
Klöckner Reports Continuing Struggles in Europe But Growth in U.S. Operations
07 November 2012 - Klöckner & Co. reported a net loss in the third quarter of the year, announcing further restructuring plans in light of the ongoing decline in European steel demand and the uncertain outlook. In contract to its struggles in Europe, the company made further gains in the U.S. market where it says there is still dynamic growth, among other things thanks to the completed integration of Macsteel Service Centers USA.
Outokumpu Announces the European Commission Has Approved the Inoxum Transaction
07 November 2012 - The European Commission has approved the acquisition of Inoxum by Outokumpu. The transaction makes Outokumpu the new global leader in stainless steel and high performance alloys, the company says.
Tata Steel Expands Aerospace Activities in China
07 November 2012 - Tata Steel has expanded its aerospace operations in China by opening its second aerospace service center in the country; the new facility in Xi’an complements its existing operation in Suzhou, opened in 2009, and aims to serve the growing demand for aerospace materials in the region.
European Alliance Calls for EU to Abandon Changes to Emission Trading System
06 November 2012 - The European Alliance of Energy-Intensive Industries - which includes EUROFER, the European Steel Aassociation - is urging the European Commission to abandon its plans to amend the Emission Trading System in a way that would increase energy costs for private and industrial consumers in Europe.
SMS Meer Receives Order for Gap Closing Press in Russia
06 November 2012 - Izhorsky Trubny Zavod (ITZ), part of the Severstal Group based in Kolpino near St. Petersburg, Russia, has placed an order with SMS Meer for the supply of a new gap closing press with a press force of 25 MN. The machine will be integrated into the existing 18m JCOE® large-diameter pipe mill, which SMS Meer supplied in 2006.
ArcelorMittal Flat Carbon Europe Segment Reports Operating Loss in Third Quarter
06 November 2012 - ArcelorMittal's Flat Carbon Europe segment's total operating loss for the first nine months of 2012 is now €643 million, reflecting the continued difficult operating environment in Europe where further weakening of demand has combined with a seasonal slowdown.
Mitsubishi-Hitachi Receives Order for Large-Scale Hot Rolling Equipment for Vietnam
06 November 2012 - Mitsubishi-Hitachi Metals Machinery, Inc., recently received a large-scale order from Nan Ya Plastics Corp., a core company of the Formosa Plastics Group, for hot rolling equipment with an annual production capacity of 5.3 million tons in Vietnam.
ArcelorMittal South Africa Ordered to Cease Operation Due to Environmental Concern
05 November 2012 - ArcelorMittal South Africa received notice from the Gauteng Department of Agriculture and Rural Development on 22 October 2012 instructing the company to cease operation of certain units at its Vanderbijlpark plant; the department alleges that the units do not comply with certain conditions of the air emission license for the Vanderbijlkpark plant.
Time Running Out for New U.S.-Russia Steel Deal
05 November 2012 - The U.S. is poised to slap steep anti-dumping duties on Russian hot-rolled steel in early December if the two sides cannot work out a new agreement in the coming weeks, according to Reuters.
SMS Meer to Provide New Wire Rod Mill to Chinese Steelmaker
05 November 2012 - China’s Xilin Iron & Steel in Heilongjiang Province is increasing its production capacities with a new 1 million tonne/year high-speed wire rod mill from SMS Meer.
Worthington Industries Divests Air Brake Tank Business in Czech Republic
05 November 2012 - Worthington Industries, Inc. announced that its Pressure Cylinders segment has completed the sale of its European air brake tank business to Frauenthal Automotive.
SKF ConRo Unit Reduces CO2 Emissions From Steel Production
05 November 2012 - SKF announced that its SKF ConRo roll line unit, a BeyondZero Portfolio product, can reduce an estimated 1.5 tonnes of CO2 per roll line each year.
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.
