Steel News

Krakatau Posco Organizes CSR Activities

29 November 2011 - Krakatau Posco, a joint venture between Posco and Indonesia’s largest state-owned steelmaker, Krakatau Steel, recently held corporate social responsibility activities in the Kubangsari region of Cilegon City.

Baosteel, Tianjin Sign Cold-Rolled Sheet Design Contract

29 November 2011 - According to the recently signed contract, Baosteel Engineering will design for Tianjin Metallurgical No.1 Steel Group a cold-rolled sheet deep-processing setup, including a set of 1550 cold-rolling lines with 1.7 million tonnes of output.

worldsteel Announces Regional Winners for Steeluniversity Challenge

29 November 2011 - The World Steel Association (worldsteel) has announced the regional champions of the sixth steeluniversity Challenge, including both industry and student winners in five major world regions.

Severstal Continues Work on Balakovo Long Product Mini-mill

28 November 2011 - OAO Severstal has invested approximately $350 million to date in the construction of a new long product mini-mill at Balakovo, a next-generation metallurgical mini-mill scheduled to be commissioned in the second quarter of 2013.

MMK to Acquire 100% of Flinders Mines Limited

28 November 2011 - Magnitogorsk Iron and Steel Works OJSC has executed a Scheme Implementation Agreement for the acquisition of 100% of the issued shares in Flinders Mines Limited by MMK at A$0.30 cash per share.

SMS Siemag to Supply two Annealing Lines for Panzhihua

28 November 2011 - Panzhihua Iron and Steel Group has placed an order with SMS Siemag for two continuous annealing lines for the company’s new works in Xichang, Sichuan province. The lines will process in excess of 1.7 million tonnes of high-quality steel strips per year for the automotive and electrical appliances industries.

Vale Reorganizes Management Structure

28 November 2011 - Vale’s Board of Directors has approved a new structure for the company’s Executive Board based on a management model aligned more closely to the business units, with well-defined roles and accountabilities.

Posco Increases Work Efficiency, Job Satisfaction with Smart Work Environment

28 November 2011 - On-site work efficiency and job satisfaction significantly increased in both the Pohang Steelworks and Gwangyang Steelworks one year after Posco implemented a Smart Work environment under which employees could process their work using mobile devices such as smartphones.

SAIL, ICVL Pursue Coal Mining in Virginia

25 November 2011 - SAIL recently met with a high-level delegation from the Commonwealth of Virginia at Ispat Bhavan as part of its ongoing efforts to ensure raw material security and forge alliances for new markets.

SMS Meer to Supply Forging Line to Dongfeng Nissan

25 November 2011 - Dongfeng Nissan Passenger Vehicle Company has placed an order with SMS Meer for a wedge press with forging roll for the company’s new forging works in China. The plant will enable Dongfeng Nissan to produce various con rod sizes for passenger cars flexibly and fully automatically in a minimum of time.

SMS Siemag to Supply Heavy-plate Mill for Nanjing Iron & Steel

25 November 2011 - Nanjing Iron & Steel Co., Ltd., China, has awarded a contract to SMS Siemag, Germany, to build a new 4.7-meter heavy-plate mill.

Harsco Awarded 7-Year Contract to Support New Saudi Arabian Steel Mill

23 November 2011 - Harsco Corp. has been awarded a new seven-year contract to provide onsite slag management, materials logistics, metal recovery and by-product processing services to South Steel complex in Saudi Arabia, the Middle East’s newest steel mill.

Tata Steel to Upgrade Continuous Anneal Line for Energy Capture and Recycle

23 November 2011 - Tata Steel announced plans to invest in a waste heat recovery project at the Port Talbot Works Continuous Annealing Process Line.

NLMK Annual Report Honored in Two National Competitions

23 November 2011 - NLMK has received multiple awards from several national contests for the company’s 2010 Annual Report.

Posco Holds Tech Day at European Automakers’ Headquarters

22 November 2011 - Posco Tech Days were recently held at the headquarters of European automakers Renault and Fiat, at which the steel maker introduced its global network and steel technology as well as its contribution to environmental protection.

World Crude Steel Production Rebounds Slightly in October

22 November 2011 - World crude steel production for the 64 countries reporting to the World Steel Association stood at an estimated 123.98 million tonnes for October 2011, 0.3% higher than the 123.57 million tonnes reported for the previous month (September 2011) and 6.2% higher in comparison with October 2010.

Outokumpu Honored for Environmental Sustainability by DJ Sustainability Indexes

22 November 2011 - Outokumpu has maintained its membership for the fifth consecutive year in the Dow Jones Sustainability Indexes (DJSI) - DJSI World and DJSI Europe.

ArcelorMittal Invests at Industeel Facility in Charleroi

21 November 2011 - ArcelorMittal recently inaugurated a new facility of Industeel Belgium that will have a production capacity of 100,000 tonnes of special plates for oil & gas, mining, and other industries. The production lines have been running at full capacity since May 2011.

Ruukki to Open Special Steels Sales Office in India

21 November 2011 - Ruukki announced plans to open a sales office in Mumbai, India, by the end of this year to support the company’s strategic target for special steels in the region.

John Deere Wins Swedish Steel Prize 2011

21 November 2011 - This year’s Swedish Steel Prize goes to manufacturer Deere & Co. (John Deere) for its use of high-strength steels in combines that harvest crops more efficiently while meeting stringent engine emissions requirements.