Steel News

Baosteel Completes First Lot Supply of Heavy Plate for Queensland Pipeline

20 July 2010 - The first lot of 11,500 tonnes of heavy plate for UOE pipe for the Queensland Curtis liquefied natural gas pipeline project recently entered the final pipe-making process at Baosteel. The company will supply 200,000 tonnes of high-grade X70 steel line pipe.

Posco Holds Tech Exchange with Severstal

20 July 2010 - Posco recently held a technical exchange program with Severstal at Posco’s Pohang Works. The companies are building ties that include talks on commodity-related cooperation and a series of joint ventures in the Americas and Eastern Europe.

China Steel, SMS Mevac Extend Partnership with Sixth RH Plant

20 July 2010 - China Steel orders a sixth RH plant from SMS Mevac. The order follows SMS Mevac’s recent installation of a 250-tonne RH Plant scheduled to be started up at China Steel’s Converter Plant No. 2 in the second quarter of 2012.

Kumba to Halt Iron Ore Supply to ArcelorMittal

19 July 2010 - ArcelorMittal and Sishen Iron Ore Co. Ltd. (SIOC), a subsidiary of Kumba Iron Ore Ltd., have failed to conclude an interim price arrangement for the supply of iron ore. SIOC plans to cease supplying iron ore to ArcelorMittal's steel plants within two weeks as a result.

Vale Announces New Strategic Partner at Pecém Steel

19 July 2010 - Posco joins Vale and Dongkuk in the Companhia Siderúrgica do Pecém – CSP project, which is being built at the Pecém Industrial and Port Complex in the state of Ceará, Brazil. The new CSP shareholders participation will be approximately Vale 50%, Dongkuk 30%, and Posco 20%.

Tata Steel Sells Stake in Southern Steel Berhad

19 July 2010 - Tata Steel’s subsidiary NatSteel Holdings Pte. Ltd. has sold its 27.03% stake in Southern Steel Berhad, Malaysia, at a total consideration of around USD 72 million.

IUCN, Rio Tinto Partner for Enhanced Sustainable Development

16 July 2010 - The International Union for Conservation of Nature and Rio Tinto have entered into a formal collaboration agreement. The three-year relationship aims to help Rio Tinto strengthen its sustainable development efforts, environmental management, and delivery of conservation outcomes.

Second Posco-VHPC Factory Starts Processing

16 July 2010 - Posco has opened the second factory of Posco-VHPC; the first opened in March 2008 to provide high-quality steel-processing service in the Vietnamese market. With the new processing center in operation, Posco-VHPC will have 150,000 tonnes of production capability.

Air Products to Supply Nitrogen and Hydrogen to Posco in India

16 July 2010 - INOX Air Products has signed a long-term contract with Posco Maharashtra Steel Private Ltd. (PMSPL) to supply on-site nitrogen and hydrogen gases to its new facility located in Maharashtra, Western India. The plants are expected to come on-stream in late 2011.

Salzgitter Announces Next Executive Board Chairman

15 July 2010 - The Salzgitter AG Supervisory Board unanimously appoints Prof. Dr. Heinz Jörg Fuhrmann as the Chairman of Salzgitter’s Executive Board for the period from July 1, 2011 to June 30, 2016.

Rio Tinto Approves Funding for Expansion of Pilbara Operations

15 July 2010 - Rio Tinto has announced US$200 million funding to prepare for the expansion of its iron ore operations in Western Australia. The funding will allow dredging contracts to be issued as part of early works on the expansion of the Cape Lambert port, supporting the Pilbara operations' overall capacity increase to 330 million tonnes a year.

Mechel Reports First-Quarter Financial Results

15 July 2010 - Mechel reported that net revenue in the first quarter of 2010, which ended March 31, increased by 61.1% to $1.9 billion, compared to $1.2 billion in the first quarter of 2009. Operating income rose by 971.2% to $147.6 million, or 7.8% of net revenue.

worldsteel Publishes 2010 World Steel in Figures

14 July 2010 - The World Steel Association has published the 2010 edition of World Steel in Figures, featuring comprehensive information on the production, trade and apparent use of crude steel, pig iron, iron ore and scrap. Top steel producing countries and companies are also highlighted.

Severstal Joint Ventures Create Stamping and Steel Center Facilities in Kaluga

14 July 2010 - The Gestamp-Severstal-Kaluga Stamping Facility and the Severstal-Gonvarri-Kaluga Steel Center were commissioned in the industrial cluster of Grabtsevo, in the Kaluga Region of Russia.

ArcelorMittal Kryviy Rih Orders Ladle Met Equipment, Billet Caster from Siemens

13 July 2010 - Siemens VAI Metals Technologies will supply the ArcelorMittal steelworks in Kryviy Rih, Ukraine, with secondary metallurgical equipment, a six-strand billet caster, and the requisite auxiliary systems. The new plants are designed for an annual production of 1.4 million tonnes of billets and are scheduled to come into operation in September 2011.

V&M Grants Acceptance Certificate for Tenova Pit Furnace

13 July 2010 - Vallourec & Mannesmann Tubes Deutschland GmbH has issued an Acceptance Certificate for the pit furnace that Tenova LOI Italimpianti recently installed in Düsseldorf-Reisholz.

Posco Launches Second Carbon-Neutral Program

13 July 2010 - Posco recently launched the second “carbon-neutral program” at Seoul’s Posco Center as part of the steelmaker’s emissions reduction project. The contest is aimed at spreading social consciousness about climate change and practicing reductions of greenhouse gas emissions.

Posco Acquires 70% Share in Australian Coal Mine

12 July 2010 - Posco’s Australian unit, Posco Australia Pty. Ltd. (POSA), recently acquired a 70% share in the Sutton Forest Mine, which was owned by Anglo American. Posco says the acquisition raises its coal self-sufficiency ratio to 36% from the current 30%.

Ruukki to Supply Structures for Biomass Power Plant in Central Eastern Europe

12 July 2010 - Ruukki has agreed to deliver the steel structures for a new unit to be built at the Polaniec power plant in southeast Poland. The new unit is expected to be commissioned toward the end of 2012.

Evraz Statement on Anti-Monopoly Investigation

12 July 2010 - The Russian Federal Antimonopoly Service has launched an investigation into Evraz Group and other coal mining companies relating to the pricing of coking coal in the Russian and export (ex-Russia) markets.