Steel News

Magazine Names MMK-Atakas Finan?ing “The Deal of the Year”

12 March 2010 - MMK-Atakas project financing was selected by Trade Finance magazine as “The Deal of the Year.” According to the magazine, OJSC MMK put together a ground-breaking deal to secure financing for the MMK-Atakas flat steel making plant in Turkey.

Mechel Announces Accident at Its Chelyabinsk Metallurgical Plant

12 March 2010 - Mechel OAO halts production at the Chelyabinsk Metallurgical Plant Coke Shop #2 following a fatal gas explosion on Thursday, March 11.

SinoCoking Commences Construction of New Coking Facility

12 March 2010 - SinoCoking Coal and Coke Chemical Industries, Inc. recently broke ground on the construction of its new coking facility in Pingdingshan city, in Henan Province, China. The facility will have an anticipated maximum annual production capacity of 900,000 tonnes of coke.

Siemens Replaces LD Converters at CSN

11 March 2010 - Companhia Siderúrgica Nacional (CSN) has placed an order with Siemens for the replacement of two LD converters at its Volta Redonda location. Turnkey delivery of the converters is planned during the summer of 2011 and at the end of 2012, respectively.

Outokumpu Duplex Pipes Used by Metso for Pilot Paper Machine

11 March 2010 - Outokumpu has introduced a new comprehensive system of duplex pipes and fittings, called Outokumpu Duralite™ Piping System, to serve customers in a range of applications. Metso chose Duralite pipes in the lean duplex grade LDX 2101® to rebuild a pilot paper machine.

Ruukki Offers Strong, Weather-Resistant Structural Steel

11 March 2010 - Ruukki is launching Optim 960 QCW structural steel, a new grade that combines high strength and weather resistance. Optim 960 QCW is made using a direct quenching process developed by Ruukki and is suitable for applications such as containers, cranes, and booms.

Mechel, Gazprombank Amend Credit Facility Agreements

10 March 2010 - Mechel OAO announces prolongation of credit facilities for its subsidiaries obtained earlier from Gazprombank. According to the amendment agreements, the credit maturity extends from three years to six years.

Posco Completes Corporate Restructuring

10 March 2010 - Posco has created the Growth Investment division, integrated the Marketing and Production divisions, and established the new post of Chief Technology Officer to increase the synergy on technology independence and development.

BHP Billiton Reaches Met Coal Agreements with Customers in Europe, Asia

09 March 2010 - BHP Billiton reaches terms for a significant portion of its hard coking coal volumes for 2010, including agreements with a range of customers in Europe, China, India and Japan.

Outokumpu, Ruukki Affected by Stevedores Strike in Finland

09 March 2010 - Outokumpu reports that the strike of the Finnish stevedores has started to impact its operations in Röyttä harbor in Tornio. At Ruukki, the strike will initially affect the transportation of steel products for export, which will be evident in longer delivery times.

JSW Posts 69% Growth in Crude Steel Production

09 March 2010 - JSW Steel Ltd. reported crude steel production of 502,000 tonnes for February 2010 compared to 297,000 tonnes in the corresponding month last fiscal year, up 69%.

Nippon Steel Invests in Malaysian Steel Sheet Manufacturing Firm

09 March 2010 - Nippon Steel Corp. has reached an agreement with Yung Kong Galvanizing Industries Berhad (YKGI) to subscribe for redeemable convertible preference shares, which will be newly issued by YKGI around June 2010.

Tata Steel Reports Production Increases for February

09 March 2010 - Tata Steel posted February increases in its hot metal (+13.5%), crude steel (+13%), and saleable steel (+0.4%) production compared to the corresponding month last year.

Corus Subsidiary Announces £8.3 Million Steel Support Package

08 March 2010 - UK Steel Enterprise, the Corus subsidiary that helps the economic regeneration of communities impacted by steel industry changes, announces an £8.3m package of support measures in the wake of the recent job losses at Teesside.

Tenova Core Installs Walking Beam Reheat Furnaces at Hyundai Steel

08 March 2010 - Tenova Core has recently completed the successful start-up of two 235-tonnes/hour walking beam furnaces for reheating slabs for a new plate mill at Hyundai Steel’s Dangjin, South Korea, plant.

ThyssenKrupp Nirosta Supplies Stainless Steel for Metro Trains in Hamburg

08 March 2010 - The DT5 multiple unit train, developed by the consortium Alstom/Bombardier Transportation under a contract from Hamburger Hochbahn AG, makes extensive use of Nirosta 4318 stainless steel from ThyssenKrupp Nirosta.

Severstal Acquires Lucchini Family’s Stake in Lucchini SpA

05 March 2010 - OAO Severstal  has acquired the Lucchini family’s 20.2% stake in Lucchini SpA.

Danieli TMB Wire Rod Rolling Technology at Pangang Group

04 March 2010 - Two plants fitted with Twin Module Block® (TMB) technology from Danieli were started up at the end of 2009 at the Pangang Group in P.R. China: Changcheng Special Steels and Chenghdu Iron & Steels.

PBS Coals Appoints New CEO

04 March 2010 - Coals Inc. recently appointed Lynn Shanks as CEO. He assumed the position on February 18.

Injection Technology Commissioned at BGH Edelstahl Siegen EAF

03 March 2010 - Since July 2009, BGH Edelstahl Siegen's 42-tonne EAF has been equipped with an aluminum fines fix injection technology for the production of stainless steel grades. The equipment was supplied by More srl.