Steel News

JSW Steel Opens Branded Showroom at Hyderabad

23 June 2010 - JSW Steel has opened its fourth JSW Shoppe outlet in the southern state of Andhra Pradesh, in Hyderabad city. The company operates a total of 174 JSW Shoppe outlets through its dealers and plans to open 600 retail outlets by 2012.

Siemens to Modernize Slab Steel Works in Indonesia

22 June 2010 - Siemens has received an order from PT Krakatau Steel of Cilegon, Indonesia, to completely modernize its slab steel works no. 1. The modernized works is scheduled to come into production in the summer of 2012.

May World Crude Steel Output up 2.9% from Previous Month

22 June 2010 - World crude steel production for the 66 countries reporting to the World Steel Association stood at an estimated 124.18 million tonnes in May 2010 — a 2.1% increase from the previous month (April 2010) and a 29.1% increase vs. May 2009.

Posco Buys Stake in Chinese Rear-Earth Metal Producer

21 June 2010 - Posco-China and Korean Resources Corp. have acquired a 60% stake in Yongxin Rare Earth Metal Co. The two companies plan to renovate production facilities at the Chinese company by November to produce 1000 tonnes of neodymium and as much NdFeB each year.

Posco to Build Distribution Center in India

21 June 2010 - Posco recently had a groundbreaking ceremony for Posco-ISDC, the new distribution center for the Indian market being built near Dighi Port, Maharashtra State. Scheduled to open in December, Posco-ISDC is expected to handle 360,000 tonnes of steel products a year.

Inauguration Ceremony at ThyssenKrupp CSA

21 June 2010 - The ThyssenKrupp CSA Siderúrgica do Atlântico steel mill in Santa Cruz, Brazil, is now ready for ramp-up. The investment project is central to its growth strategy for premium carbon flat steel in Europe and North America.

Evraz Launches Rail Mill Reconstruction at NTMK

18 June 2010 - Evraz Group has launched reconstruction of the rail mill at NTMK, its Russian steel plant in Nizhny Tagil, Urals. The project will expand the mill’s annual capacity to 550,000 tonnes.

ThyssenKrupp Inaugurates New Headquarters in Essen

18 June 2010 - ThyssenKrupp AG  will officially inaugurate this week its new corporate headquarters – the ThyssenKrupp Quarter — a sustainable operation combining administrative offices previously spread over various locations.

Korea Iron & Steel Association Celebrates Annual Steel Day

18 June 2010 - The Korea Iron & Steel Association recently held a ceremony for the annual Steel Day at the Posco Center to demonstrate support for development and unity of the domestic steel industry.

Outokumpu Opens New Stainless Bar/Rebar Plant in Sheffield

16 June 2010 - Outokumpu officially opens a new stainless steel bar and rebar facility in Sheffield, U.K., that can supply stainless steel rebar in straight lengths or formed components as well as cold drawn bar.

SMS Meer to Supply 14 Extrusion Presses for Shandong Nanshan

16 June 2010 - Shandong Nanshan Aluminium signs contract with SMS Meer for the supply of a total of 14 light-metal extrusion presses.

NLMK Appoints New Long Products Division Director

16 June 2010 - Novolipetsk Steel appoints Alexander Buraev as the new Director of NLMK’s Long Products Division. He replaces Olga Naumova, who has resigned from the company.

OJSC ArcelorMittal Provides Pipe for Orjonikidze Mine Repair

15 June 2010 - OJSC ArcelorMittal Kryviy Rih has provided 700 meters of pipe for repair of the gas pipeline to the Horky village that was destroyed after an accident at the Orjonikidze mine.

Auditors Confirm Compliance for NLMK’s Quality Management System

15 June 2010 - Novolipetsk Steel has passed the recertification audit conducted by the independent German certifying agency TÜV SÜD, confirming its compliance with international standard ISO 16949:2009 Quality Management Systems.

Baosteel Rolls First Stainless Coil on New Steckel Mill

14 June 2010 - Baosteel’s Special Steel Business Unit has successfully rolled the first coil of stainless steel on the steckel mill that was just recently put into production.

China Steel Blows in Revamped No. 1 Blast Furnace

14 June 2010 - China Steel held a blowing-in ceremony for the 4th campaign of No. 1 Blast Furnace, following a comprehensive revamp that included revamp of the shell, cooling stave, and furnace inner lining as well as the implementation of a comprehensive integrated control system.

New Chairman Takes the Helm at SAIL

14 June 2010 - Steel Authority of India Limited announces that Chandra Shekhar Verma has taken charge of the office of Chairman.

Ruukki Completes Blast Furnace Upgrade at Raahe, Schedules No. 2 for 2011

14 June 2010 - Ruukki successfully completes modernization of Blast Furnace 1 at the Raahe Steel Works, and has scheduled Blast Furnace 2 for a two-month modernization around midsummer 2011. Ruukki will eliminate the use of sinter for ironmaking once the second upgrade has been completed.

ArcelorMittal to Acquire Minority Shareholding in ArcelorMittal Ostrava

14 June 2010 - ArcelorMittal Ostrava shareholders agree at an Extraordinary General Meeting to ArcelorMittal acquiring the remaining 3.57% of the company's shares that it does not already own.

Bricmont to Supply Roller Hearth Furnace for Gunung Garuda Plate Mill

11 June 2010 - PT Gunung Garuda awards Bricmont a multimillion-dollar contract to supply a new plate heat treat furnace for their mill in West Java, Indonesia.