Steel News

Air Liquide Completes Acquisition of 75% of LOGIKA in Moscow

02 February 2012 - Air Liquide has just completed the acquisition of 75% of the shares of LOGIKA, a regional industrial gas company located in Moscow.

Siemens to Modernize Two Bar Mills for Diaco in Colombia

02 February 2012 - Diaco, the Colombian branch of Brazilian company Gerdau, has contracted Siemens VAI Metals Technologies to modernize two bar mills at its Tuta and Tocancipá locations, scheduled to come into operation at the end of 2012.

ThyssenKrupp and Outokumpu to Combine Stainless Steel Businesses

01 February 2012 - ThyssenKrupp and Outokumpu announced the combination of Outokumpu with Inoxum, the stainless steel unit of ThyssenKrupp, to create a new global leader in stainless steel. Agreements have been approved by the Supervisory Board of ThyssenKrupp AG and the Outokumpu Board of Directors.

Outokumpu Confirms Continued Negotiations with ThyssenKrupp, Labor Representatives

01 February 2012 - Outokumpu confirms that that negotiations are continuing with ThyssenKrupp and German labor representatives related to a potential business combination of Outokumpu and Inoxum.

Ruukki Named to Gold Class in SAM Sustainability Yearbook

01 February 2012 - Ruukki has received Gold Class and Sector Leader distinctions from Sustainability Asset Management (SAM) for its position as the leading steel company committed to sustainable development. The results have been published in the Sustainability Yearbook 2012.

United States Steel to Sell U. S. Steel Serbia

31 January 2012 - United States Steel Corp. announced plans to sell its U. S. Steel Serbia d.o.o. unit to the Republic of Serbia for a nominal purchase price.

Sandvik Celebrates 150 Years on January 31

31 January 2012 - The Sandvik Group will celebrate its 150th anniversary on January 31. At the time of its formation, Sandvik was first in the world to use the Bessemer process, which would later revolutionize the production of steel.

voestalpine to Supply phs Ultraform from New Indirect Press-Hardening Facility

30 January 2012 - The Automotive Division of the voestalpine Group will supply a leading European car manufacturer with key components involving its patented “phs-ultraform,” a hot-dip galvanized auto body steel developed by voestalpine and formed during a new “indirect press-hardening” process.

OJSC MMK Appoints Deputy CFO

30 January 2012 - MMK announced the appointment of Alexander Andrianov as Deputy CEO on Finance and Economics (Chief Financial Officer), according to the Order of MMK CEO Boris Dubrovsky.

Kobe Steel Establishes Steel Wire Processing Company in China

27 January 2012 - Kobe Steel, Ltd. has established a company in Foshan, Guangdong Province, China to make steel wire for use in high-quality springs. The new company, Kobelco Spring Wire (Foshan) Co., Ltd., will begin operations in the first half of 2013.

SMS Meer to Expand Bar Mill for Deutsche Edelstahlwerke

27 January 2012 - Deutsche Edelstahlwerke has contracted SMS Meer for the expansion of the 3-roll Precision Sizing Mill at its Siegen-Geisweid, Germany, plant to include an automatic size control system with cross-section measuring module. The project is scheduled to be implemented in spring 2012.

Electrolytic Tinning Line from Tenova in Full Production at Jiangsu Sunshine

27 January 2012 - Jiangsu Sunshine in Dajiang, China, recently went into full production with the new electrolytic tinning line supplied by Tenova Strip Processing.

Tata Steel Proposes Recovery Plan for Tubes Business in Europe

26 January 2012 - Tata Steel’s Tubes business in Europe has announced a recovery plan to match business operations to current and projected market demand. Four of the company’s Tubes sites in the UK and the Netherlands will be affected.

NLMK’s Long Steel Division Re-launches EAF No. 1

25 January 2012 - NSMMZ, NLMK’s Urals-based Long Steel Division steelmaking facility, has successfully re-launched the second electric arc furnace at its Revda steelmaking facility following repairs to a transformer.

Siemens to Supply Bar Mill for ASCE Group OJSC, Armenia

25 January 2012 - Siemens VAI Metals Technologies has received an order from Armenian steelmaker ASCE Group OJSC to supply a new bar mill for its production location in Charentsavan. The scope of the project includes the mechanical equipment, electric and automation, the water treatment plant, and auxiliaries.

Izhora Pipe Mill Produces Record 500,000 Tonnes of LD Pipes

25 January 2012 - OAO Severstal announced that its pipe production unit, the Izhora Pipe Mill, produced more than 500,000 tonnes of large-diameter (LD) pipes in 2011, representing a 10% increase on 2010 production levels, primarily for use in major oil and gas projects in Russia.

SAIL Inaugurates New Unit at Rourkela Steel Plant

24 January 2012 - Air Separation Unit-3 at Tonnage Oxygen Plant-II of SAIL's Rourkela Steel Plant has been inaugurated by Chairman C.S. Verma, who also inaugurated the High Top Pressure at Blast Furnace-III at the plant.

Outokumpu Confirms Preliminary Discussions with ThyssenKrupp

24 January 2012 - Outokumpu has confirmed that the company has entered preliminary discussions with ThyssenKrupp to evaluate potential strategic options.

2011 World Crude Steel Production Finishes 6.8% Ahead of 2010

24 January 2012 - World crude steel production for the 66 countries reporting to the World Steel Association stood at an estimated 1526.9 million tonnes for the year 2011, 6.8% vs. 2010 and a record for global crude steel production.

Siemens to Supply Baku Steel with EAF, Waste Gas Cleaning Plant

24 January 2012 - Azerbaijani steel producer Baku Steel has ordered a new electric arc furnace from Siemens VAI Metals Technologies as part of an expansion project to raise its production capacity to around 1.1 million tonnes of steel per annum. The project also includes the supply of mechanical equipment for a ladle furnace and a waste gas cleaning system.