Steel News

Outokumpu Supplies Stainless for Leicester Square Upgrade

02 June 2012 - Outokumpu supplied approximately 80 tonnes of standard austenitic 316 and duplex stainless steel to Midas Technologies (GB) Ltd. for the manufacture of the balustrading and gates for the park area around Leicester Square in central London as part of a redevelopment project.

voestalpine Achieves New Record Revenue of Over EUR 12.1 Billion

01 June 2012 - At EUR 12.1 billion, the voestalpine Group generated the highest revenue in the company’s history during the business year 2011/12.

EVRAZ Signs a Memorandum of Understanding With Russian Railways

01 June 2012 - EVRAZ plc and Russian Railways have signed a Memorandum of Understanding that outlines a 5-year contract whereby EVRAZ will supply Russian Railways with rail products worth around 90 billion rubles, to include rails up to 100 m long.

ArcelorMittal Confirms Sale of Its Shares in Paul Wurth to SMS group

01 June 2012 - ArcelorMittal's financial director Aditya Mittal confirmed the sale of ArcelorMittal's shares in Luxembourg company Paul Wurth.

SMS Opens Another Workshop in China

01 June 2012 - SMS Siemag AG has opened a 20 million Euro workshop near Shanghai, China, at which 350 employees will work in assembly, service, repairs and functional testing.

Sumitomo Starts Production of High-Strength LD Welded Line Pipe for Ichthys LNG Project

31 May 2012 - Sumitomo Metal Industries, Ltd. and Sumitomo Corp. will supply 20% of the entire 180 km of line pipe, weighing approximately 138,200 tonnes, for the Ichthys LNG Project in Australia.

SKF Selected as 2011 Supplier of the Year by General Motors

31 May 2012 - General Motors has awarded the company’s Supplier of the Year award to SKF Sealing Solutions Korea Co., Ltd. for the third consecutive year.

Baosteel Launches High-Grade Wire-Product Joint Research Center

31 May 2012 - Baosteel officially inaugurated its high-grade wire-products Joint Research Center, established by its tube pipe and bar business unit, Baosteel Research Institute, and Baosteel Metal. It expects the new research center to accelerate the transformation of scientific and technological achievements into new products.

SMS Chairman to Celebrate Key Milestone

30 May 2012 - Dr. Heinrich Weiss, Chairman and CEO of the SMS group, will turn 70 years old on June 5, 2012. Weiss, who grew up in the Siegerland region of Germany, belongs to the founding family of the company.

Sumitomo Restores Damaged Gas Holder at Kashima Steel Works

30 May 2012 - The Kashima Steel Works of Sumitomo Metal Industries, Ltd. has restored one of two gas holders damaged by the massive March 2011 earthquake in Japan. It started operation on May 25, 2012.

SABIC Launches ‘Clean Environment’ Campaign

30 May 2012 - The Saudi Basic Industries Corp. (SABIC), represented by its manufacturing affiliate Saudi Iron and Steel Co. (HADEED), recently launched a 15-day road-cleaning campaign on a 40-km stretch of the Jubail-Dammam Highway, from the King Faisal Bridge to the Ju'aymah Bridge.

Severstal Wins Best Corporate Development Strategy Award

29 May 2012 - OAO Severstal has been named the winner in the Best Corporate Development Strategy category at the annual awards hosted by RCB Group and the investor.ru portal, for its strategy to achieve a top five industry position by EBITDA through sustained high margins and returns on investment in 2011.

Sandvik Engineers Awarded 2012 Wilhelm Haglund Medal

29 May 2012 - Three engineers from Sandvik Materials Technology—Bertil Waldén, Ivan Machacek, and Lars Östlund—were awarded the 2012 Wilhelm Haglund Medal recognizing their contributions in the development of umbilical tubes in advanced stainless steel.

Siemens to Install Hot Metal Desulfurization Technology at ArcelorMittal Monlevade

29 May 2012 - Siemens VAI Metals Technologies has developed a new system for hot metal desulfurization, HM De-S, which combines the pressure-vessel based injection technology for powder agents with the addition of magnesium granules via the patented Simetal Feldhaus process. A hot metal desulfurization system based on the HM-De-S design is currently being constructed for ArcelorMittal Monlevade S.A. in the state of Minas Gerais, Brazil.

SAIL Signs JV Agreement for Wagon Components Facility in West Bengal

29 May 2012 - Maharatna Steel Authority of India Ltd. (SAIL) signed a joint venture agreement with Burn Standard Co. Ltd. (BSCL) at Kolkata for setting up a Wagon Components Manufacturing Facility at the premises of BSCL at Jellingham, Purba Medinipore district, in West Bengal, with a capacity to produce 10,000 bogies and 10,000 couplers per annum.

Siemens to Modernize Drive Technology for Aluminium Norf Hot Mill

28 May 2012 - Siemens Metals Technologies will work with Aluminium Norf GmbH (Alunorf), located in Neuss, Germany, to modernize the drive technology in hot rolling mill no. 2. The conversion work is scheduled to start this year and finish in December 2017.

ThyssenKrupp Steel Europe Improves Environmental Performance with Dortmund CAL Upgrade

28 May 2012 - ThyssenKrupp Steel Europe AG has modernized the continuous annealing line at its Dortmund site. The new burner technology was developed specifically for use in the Dortmund CAL, and the investment of around 30 million euros will help reduce by half the nitrogen oxide emissions from the line.