Steel News

Color-Coated Steel Sheet Manufacturing Operations Established in Hanoi, Vietnam

01 November 2011 - Nippon Steel & Sumikin Coated Sheet Corp. and Marubeni-Itochu Steel Inc., along with two local Vietnamese partners, have formed a joint venture for the production of color-coated steel sheets in Vietnam: Fujiton Color Coating Steel Joint Stock Co.

Posco Develops Heat-Radiating Steel Plates for LED TVs

01 November 2011 - Posco has developed a surface-prepared steel sheet coated at a thickness of one-fiftieth of a strand of hair, with excellent heat radiation performance, to be used as an internal panel material for LED TVs.

NLMK Launches New Quench and Temper Line at Clabecq Plant

01 November 2011 - NLMK’s Europe Management team recently opened its new Quenching &Tempering Steel transformation line at the NLMK Clabecq plant in Belgium.

JFE Steel Group Advances Plan to Integrate Electric Furnace Operators

31 October 2011 - JFE Steel announced details for a merger plan to consolidate operations for four group companies that produce steel using electric arc furnaces.

ArcelorMittal Appoints Chief Marketing Officer for ArcelorMittal Kryvyi Rih

28 October 2011 - ArcelorMittal announced the appointment of Debasish Dhar as Chief Marketing Officer (CMO) for PJSC ArcelorMittal Kryvyi Rih.

PT. Gunung Orders Slab Caster from SMS Siemag

28 October 2011 - SMS Siemag has been contracted to supply a single-strand slab caster to PT. Gunung for operation at its Bekasi works in the Indonesian province of West Java.

Mechel Launches Biochemical Cleansing Equipment at Mechel-Coke

28 October 2011 - Mechel OAO celebrated this week the launch of a biochemical cleaning facility to treat phenolic wastewater from Mechel-Coke OOO’s coke and chemicals production process.

ThyssenKrupp Steel Europe to Fund Young Researchers

27 October 2011 - ThyssenKrupp Steel Europe AG will fund a group of young researchers from Ruhr University Bochum starting January 1, 2012. The computer scientists and mathematicians will carry out research jointly with the Interdisciplinary Centre for Advanced Materials Simulation over a period of six years.

Former worldsteel Director General Receives Bessemer Gold Medal

27 October 2011 - Ian Christmas, former Director General of worldsteel, recently received the Bessemer Gold Medal from the Institute of Materials, Minerals and Mining (IOM3) in London.

ArcelorMittal Poland to Idle Dabrowa Górnicza Blast Furnace

26 October 2011 - ArcelorMittal Poland announced plans to temporarily shut down Blast Furnace No. 3 at its plant in Dąbrowa Górnicza.

ArcelorMittal Accepts PEAMCoal Offer

26 October 2011 - ArcelorMittal provided notice to Peabody Energy that following its acceptance of PEAMCoal Pty Ltd.’s offer for Macarthur Coal Ltd., it has terminated the Co-Operation and Contribution Agreement between the two companies. ArcelorMittal will remain a shareholder in PEAMCoal until the termination arrangements are completed in approximately 90 days.

ArcelorMittal Ostrava Completes Installation of Deduster System

25 October 2011 - ArcelorMittal Ostrava has completed the installation of a new deduster system at its sinter plant three months before the scheduled date. The investment will cut dust emissions from the Sinter Plant North to less than 20 mg/m3 (from the present 50 mg/m3).

Posco to Sell Full Range of Products through Sales Outlets

25 October 2011 - Posco began providing all of its products, including hot-rolled, cold-rolled, and steel plates, through its designated sales outlets starting in October. They will also sell Posco family products.

The sixth steeluniversity Challenge is Set to Begin

25 October 2011 - The sixth steeluniversity Challenge, which is ready to launch on November 15, will consist of two rounds—regional and global—and two categories—Student and Industry. Winners will compete for the title of World Champion at the World Steel Association in Brussels in February 2012.

Peabody and ArcelorMittal Obtain Majority Interest in Macarthur Coal

25 October 2011 - Peabody Energy and ArcelorMittal have obtained majority control of Macarthur Coal Ltd. following acceptances under PEAMCoal Pty Ltd.’s takeover bid in respect of more than 50.01% of the Macarthur shares. PEAMCoal will proceed to appoint representatives to the Macarthur Board.

Siemens VAI to Supply Rod Mill to Southwire Company for Beauty Sun Holding

24 October 2011 - Siemens VAI Metals Technologies has been contracted by Southwire Company to supply an aluminum rod rolling mill for Beauty Sun Holdings Ltd. in P.R. China.

September World Crude Steel Production Dips Slightly vs. August

24 October 2011 - World crude steel production for the 64 countries reporting to the World Steel Association stood at an estimated 123.57 million tonnes for September 2011, 0.8% lower than the 124.59 million tonnes reported for the previous month (August 2011) and 9.7% higher in comparison with September 2010.

Ruukki Works to Minimize Impact of Strike on Deliveries

24 October 2011 - Ruukki reports that members of the Finnish Metalworkers’ Union, Finnish Electrical Workers’ Union and the trade union Pro went on strike last Friday, October 21, following a breakdown in collective bargaining negotiations between the unions and the Federation of Finnish Technology Industries.

Posco to Implement 4-Team 2-Shift Steelworks Schedule

24 October 2011 - Posco recently implemented a 4-team 2-shift schedule in all departments and factories based on a series of trials and subsequent employee votes regarding the new system.

Outokumpu Streamlines Organization, Plans Job Reductions

21 October 2011 - Outokumpu has stated its target is to reduce costs by EUR 100 million by the end of 2012 and working capital by EUR 250 million by mid-2013. Planned measures include restructuring in all Outokumpu units and functions, reducing the number of production shifts at Avesta, Nyby, and Kloster, as well as outsourcing of some support functions.