Steel News

World Crude Steel Continues Upward Trend in August as China Hits New Monthly High

22 September 2009 - World crude steel production for the 66 countries reporting stood at an estimated 106,489 million tonnes in August 2009 — 2.5% higher than the previous month (July 2009) but still 5.5% lower than August 2008, according to the latest report from the World Steel Association.

Posco Again Recognized for Sustainable Management

21 September 2009 - Posco has been selected as the sustainability leader in the steel business by the SAM-Dow Jones Sustainability Index for 2009, achieving the highest marks for Economy, Environment, and Social Performance categories.

Exousia Announces Agreement with Wuhan Iron and Steel

21 September 2009 - Wuhan Iron and Steel has agreed to begin purchasing coating formulations from Exousia Advanced Materials' Tianjin facility.

Baoshan Medium and Heavy Plate Branch Reaches August Production Objectives

21 September 2009 - Cumulative production of various types of heavy plates in Baoshan’s Medium and Heavy Plate Branch reached the August 2009 objective of 12.01 MT.

Posco Breaks Ground for Steel Processing Center

21 September 2009 - Posco starts construction on Posco-CLPC at the EU Economic Development Zone in Shenyang, laying the groundwork for securing a sales channel for automobile steel sheets in China.

Sumitomo Wins Technical Development Awards from Japan Institute of Metals

18 September 2009 - Sumitomo Metal Group companies receive three awards from the Japan Institute of Metals as part of the 32nd Technical Development Awards.

Vale Obtains Approval to Acquire Corumbá Asset

17 September 2009 - Vale S.A. has obtained the approval of the Brazilian National Defense Council to acquire the Corumbá iron ore mining operations, located in state of Mato Grosso do Sul, Brazil.

Apprenticeship Year Begins at ThyssenKrupp Nirosta

17 September 2009 - Eighty-two apprentices have begun vocational training at ThyssenKrupp Nirosta’s Bochum, Düsseldorf-Benrath, Dillenburg, Dahlerbrück, and Krefeld plants, taking the total number of apprentices in training in the Nirosta group to 326.

Outokumpu Announces Management Changes at Tornio Works

17 September 2009 - Outokumpu announces that Pekka Erkkilä will take over the management of Tornio Works in addition to his current duties as Executive Vice President for General Stainless.

NLMK Resumes Transformer Steel Production in Lipetsk

17 September 2009 - NLMK has restarted its transformer steel production shop in Lipetsk, which has been on standby since April due to a global slowdown in electrical steel sales.

Evraz Applies for Admission to Listing of GDRs and Bonds

16 September 2009 - Evraz Group S.A. has made a block listing application for the admission of up to 93,399,999 global depositary receipts to the Official List of the UK Listing Authority and to trading on the regulated market of the London Stock Exchange. It also applied for US$650 million senior unsecured convertible 7.25% bonds due 2014 to be admitted.

China Armco Metals Finalizes Contract to Supply Iron Ore

16 September 2009 - China Armco Metals announces that its wholly owned subsidiary Armco Metawise has completed delivery of iron ore to a China-based steel company pursuant to a contract that will generate about $8 million of sales in the third quarter of 2009.

Stalatube Oy Installs New Cutting Line as Part of 7 Million Euro Investment

16 September 2009 - Stalatube Oy has invested more than 7 million euros in machinery and the current production areas in Lahti, Finland, over the past couple years. The recent installation of a new cutting line was the key milestone of the project.

Siemens to Install HMI System at Baotou Compact Hot Rolling Mill

15 September 2009 - Siemens VAI Metals Technologies receives order from Baotou Steel for a new HMI system for its compact hot rolling mill. Conversion work is scheduled for April 2010.

ArcelorMittal Closes Maputo Rolling Mill

15 September 2009 - ArcelorMittal South Africa confirms the closure of its Maputo rolling mill on September 4. In the 2008 financial year, ArcelorMittal Maputo produced 5150 tonnes at a significant loss for the company.

Ruukki Engineering Awarded Multi-site Certification

14 September 2009 - Ruukki Engineering receives multi-site certification covering all of the Group's management systems at both the unit and divisional level.

Mechel Commissions New Equipment at Beloretsk Metallurgical Plant

14 September 2009 - New equipment from GCR company, Italy, with annual capacity of 36,000 tonnes, allows Mechel’s Beloretsk Metallurgical Plant to start production of a new class of products: reinforcing wire with 4-12 mm diameter used for construction.