Steel News

Posco Holds Tech Fair for Japanese Automakers

01 June 2010 - Posco is holding a series of technology fairs mainly aimed at its Japanese customers that manufacture automotive products. The steelmaker plans to introduce its global sales network and the various auto parts made of its steel products at these fairs.

Mechel Obtains International Credit Rating

28 May 2010 - Moody's Investors Service has assigned a B1 corporate family rating to Mechel and a B1 Probability of Default Rating. Moody's Interfax Rating Agency also assigned an A2.ru.ru national scale rating to the company.

Posco Invites Volunteers to Join Hope-Sharing Activities

28 May 2010 - Posco, together with the international housing NGO Habitat Korea, is currently in search of 100 new members of BEYOND, the company’s collegiate volunteer group.

SMS Siemag to Extend X-Melt Converter Shop at Dragon Steel

28 May 2010 - Dragon Steel Corp. has placed an order with SMS Siemag to supply the third 230-tonne converter as part of the extension of the carbon steel plant (Phase II). The third converter is scheduled to be commissioned in 2012.

ThyssenKrupp Nirosta Receives Contract for New Airport in Qatar

27 May 2010 - ThyssenKrupp Nirosta has received a contract to supply 100 tonnes of stainless steel for the facade of a new international airport being built by the Emirate of Qatar in the capital Doha.

Nippon Steel, Kobe Steel to Jointly Recycle Steel Mill Dust into DRI

27 May 2010 - Nippon Steel Corp. and Kobe Steel, Ltd. plan to begin construction of a plant to recycle steel mill dust into direct reduced iron (DRI). Treatment capacity will be approximately 220,000 tonnes per year; planned start-up is October 2011.

ArcelorMittal Donates to Sept-Iles Cegep

27 May 2010 - ArcelorMittal is contributing $800,000 for the construction of a new building wing devoted to metallurgy and technological transfer in industrial maintenance. The new wing will be named the ArcelorMittal Institute of Mineral Technology.

Ruukki to Reorganize Manufacturing Operations in Nordic Countries

27 May 2010 - Ruukki plans to switch production of profiled building components from the profiling plant in Anderslöv, Sweden, to other Ruukki units at Vimpeli in Finland and Zyrardow in Poland.

Dragon Steel Orders RH-TOP Unit from SMS Mevac

26 May 2010 - Dragon Steel of Taichung, Taiwan, has awarded SMS Mevac a contract to supply a second RH-TOP unit, which is the expansion of the secondary metallurgical key equipment for the new BOF steelworks.

NLMK Group Recognized for ‘Deal of the Year’

26 May 2010 - NLMK Group’s ECA-backed loan, which raised EUR524 million to finance the purchase of imported equipment, has recently won the Trade Finance and Trade & Forfaiting Review magazines’ “Deal of the Year” award.

OMZ Group Joins Metallurgmash International Union

25 May 2010 - OMZ Group (Uralmash-Izhora Group) has joined Metallurgmash, a non-commercial organization comprising the metallurgical engineering companies of Russia, Belarus, Italy, and Germany.

RH-TOP Unit from SMS Mevac Commissioned at Shougang Qian’An

25 May 2010 - Shougang Qian’An Iron & Steel Co. Ltd., China, successfully commissioned the fourth duplex RH-TOP unit made by SMS Mevac. The new unit will mainly be used for the production of vacuum-treated automotive steel grades as well as silicon steels.

Henan Jiyuan Orders Wire Rod Outlet from Siemens VAI

25 May 2010 - The Henan Jiyuan Iron & Steel (Group) Co., Ltd. has ordered a wire rod outlet from Siemens VAI Metals Technologies for its first imported rod mill that will produce higher-quality steel grade products for the company. The project is scheduled for completion by late 2011.

Posco Selected as Preferred Bidder for Daewoo International

25 May 2010 - The Public Fund Oversight Committee recently held meetings at the Korea Deposit Insurance Corp. with the Sales Review Subcommittee and selected Posco as the final preferred bidder for Daewoo International. Posco plans to utilize all cash assets to take over the creditor’s shares of 68.15% without external loans.

Ruukki to Deliver Suction Anchors, Offshore Steels to Aker Solutions

24 May 2010 - Ruukki has signed an agreement with Aker Solutions of Norway to supply 24 suction anchors in September 2010 from its Kalajoki unit in Finland. Ruukki also has supplied offshore steels for the same project.

SMS Mevac to Supply Ladle Met Center for OMZ Plant at Kolpino

24 May 2010 - Forpost Management has commissioned SMS Mevac to plan and deliver key components for a ladle metallurgical center that is to be integrated into the OMZ plant at Kolpino. The center will include a 120-tonne ladle furnace and two tank degassing units.

April World Crude Steel Output Nearly 36% above Last Year

21 May 2010 - World crude steel production for the 66 countries reporting to the World Steel Association stood at an estimated 121.65 million tonnes in April 2010 — a 0.4% decrease from the previous month (March 2010) and a 35.7% increase vs. April 2009.

ThyssenKrupp Expands Materials Services in Central and Eastern Europe

21 May 2010 - The ThyssenKrupp Group recently bought all shares of Techno-Stahl Stahlgroßhandel und Brennschneidbetrieb GmbH, a flame-cutting company with technical expertise in the area of processed flat products.

Posco Breaks Ground for Posco-CYPC in Yantai

21 May 2010 - Posco has started the construction of Posco-CYPC, a new Chinese processing center capable of processing 170,000 tons of steel products annually for local customers such as Shanghai GM and Geely, as well as Foxconn and Samsung Electronics.

HRH Prince Charles visits Teesside Cast Products

20 May 2010 - Corus CEO Kirby Adams and Managing Director Jon Bolton host His Royal Highness Prince Charles and a delegation from the Business in the Community charity during a tour of Teesside Cast Products on Wednesday, May 19.