Steel News

Danieli Starts up Jumbo-Size Meltshop at Tokyo Steel

09 July 2010 - Danieli has successfully started up a 420-tonne twin-electrode DC EAF with continuous charge system — the largest EAF in the world — at Tokyo Steel’s Tahara Plant.

V&M Grants Acceptance Certificate for Tenova Heat Treat Furnace

08 July 2010 - Vallourec & Mannesmann Tubes Deutschland GmbH has issued the Acceptance Certificate to Tenova LOI Italimpianti for the heat treatment furnace Tenova modernized at Düsseldorf-Rath.

NLMK raises EURO125 million for Efficiency Upgrades

08 July 2010 - NLMK signs loan agreement with the European Bank for Reconstruction and Development to finance upgrades including a power plant that will be fired using blast furnace off-gases, and integration of PCI into its blast furnaces.

Mechel OAO Acquires Turkish Steel Trading Company

08 July 2010 - Mechel OAO subsidiary Mechel Service Global BV has purchased a 100% stake in Turkish steel trading group Ramateks for a purchase price of $3 million and the assumption of up to $13.8 million in debt*, the majority of which is trade financing.

OAO Severstal Announces New Head of Investor Relations

07 July 2010 - OAO Severstal announced the appointment of Vladimir Zaluzhsky as Head of Investor Relations, replacing Dmitry Druzhinin, who has held the position since 2002.

Nippon Steel, Partners to Build Steel Pile Plant in Vietnam

07 July 2010 - Nippon Steel will soon begin construction of a new plant in Vietnam for the production of steel pipe piles and steel pipe sheet piles.

Mechel OAO Announces Structural, Management Changes

07 July 2010 - Mechel OAO announced creation of a divisional management system that will fully control operational activities within all of the company’s segments. The company also announced several executive-level changes, including the resignation of Senior Vice President Vladimir Polin.

OAO Severstal sells Controlling Interest in Lucchini to Mordashov

06 July 2010 - OAO Severstal completes the sale of 50.8% of Lucchini SpA to a company controlled by Alexey Mordashov for a consideration of one euro.

Posco to Offer On-site Visits to the Steelworks during Summer

06 July 2010 - Posco is offering a special field trip program for the summer vacation season to provide people the opportunity to have a friendly encounter with steel at both the Pohang and Gwangyang Steelworks.

Ruukki to Provide Structures to Aker Verdal for North Sea Wind Farm

06 July 2010 - Aker Verdal AS contracts Ruukki to deliver a total of 240 steel structures for the Nordsee Ost wind farm project to be built offshore from Germany in the North Sea.

Mechel Bluestone to Supply Russian Coke Plants

06 July 2010 - Mechel OAO has started shipping coal from its U.S. subsidiary, Mechel Bluestone, in order to supply its Russian coke plants with scarce grades of coking coal.

Uhde Wins Follow-Up Contract from Dragon Steel for New Coke Plant

02 July 2010 - Following the successful completion and commissioning of a coke oven plant (phase 1) for Dragon Steel of Taiwan, Uhde has been awarded a plant contract to build phase 2, which is scheduled for commissioning at the end of 2012.

Metinvest Group, Ilyich Steel Plant to Consolidate Assets

02 July 2010 - Ilyich Steel Plant and Metinvest Group decided to merge assets following talks about potential cooperation and consolidation of efforts to overcome consequences of the global financial crisis. The aggregate production potential after the consolidation will be 20 million tonnes of steel per year.

Luoyang Longding Alu Orders Process Automation Systems from Siemens

01 July 2010 - Siemens Ltd. China has received an order from Luoyang Longding Alu Co., Ltd. to supply 26 Siroll ALU TCS process automation systems for its new aluminum rolling mill. The project also includes the first order for new Siroll Heavy Duty Shapemeter flatness measurement systems.

Evraz Vitkovice Steel to Temporarily Shut Down Steel Shop

01 July 2010 - Evraz Group announces the temporary closure of the steel shop at Evraz Vitkovice Steel following failed negotiations between Evraz Vitkovice and ArcelorMittal Ostrava over prices for hot iron supplied by ArcelorMittal Ostrava.

Companies Respond to European Commission Decision on Pre-Stressed Steel Case

01 July 2010 - The European Commission has completed its investigations into dozens of companies manufacturing prestressing steel. A total of 17 European steel producers will be fined for price collusion between competitors during the years 1984-2002. The Commission ordered fines totaling €518 million for the companies involved.

Tenova I2S Commissions Mills for Samsung Precision Stainless in China

30 June 2010 - Tenova I2S has commissioned its new ZR23CN-26 20-High Cluster Mill and 2-High Skinpass Mill at Samsung Precision Stainless Steel in Pinghu, China. The company produces 300 and 400 series stainless steels.

Fitch Reports Global Steel in Recovery

29 June 2010 - Fitch Ratings expects to see demand for steel to continue on a slow and steady recovery pace over the next 12-18 months but not to reach peak levels for developed nations until 2012, according to its most recent “Worldwide Steel Outlook.”

Vallourec & Mannesmann Tubes Invests in Changzhou Hi-tech District

29 June 2010 - Vallourec & Mannesmann Tubes recently signed an agreement with the Changzhou National Hi-tech District Administrative Committee to invest USD $289 million to implement a phase II expansion project with annual production capacity of 60,000 tonnes of wide-bore, heavy-walled seamless steel piping.

Tenova I2S Rolls Out New Cluster Mill for Posco VST

29 June 2010 - Tenova I2S successfully put into service a new ZR22B-52 20-High Cluster Mill commissioned at Posco VST in Vietnam.