Steel News

Baosteel Receives Caterpillar ‘Excellent Supplier’ Gold Medal

28 October 2009 - Baoshan Iron & Steel is one of two companies, and the only iron and steel company, in the Asia-Pacific region to win a Caterpillar "excellent supplier" gold medal.

Largest Assel Mill Commissioned at Hubei Xin Yegang

27 October 2009 - Hubei Xin Yegang has rolled the first tube on what is claimed to be the world’s largest Assel mill supplied by SMS Meer, which received the order to supply the mill in July 2007. Erection began in May 2009

MMK Starts Production of Hot Dip Galvanized DP Steel Sheet

27 October 2009 - The Coating Division of MMK has successfully started production of hot dip galvanized high-strength sheet from the HCT500X dual-phase ferrito-martensite steel grade to meet the EN 10336-2007 standard.

NLMK to Lower Energy Intensity of Steel Production

27 October 2009 - Novolipetsk Steel claims it will lower specific steel production energy intensity by 9% to 5.75 Gcal/tonne within three years by increasing in-house energy generation with the full use of secondary fuel gases, among other actions.

Tianjin Pipe Commissions SMS Meer-Supplied CONTIROD Plant

26 October 2009 - Tianjin Pipe commissions its second CONTIROD CR 3500 continuous copper wire rod plant in July 2009. The plant, with an annual capacity of 150,000 tonnes of rolled wire rod, was supplied and erected by SMS Meer.

Posco C&C Signs MOU with AP Exhaust Products

26 October 2009 - Posco C&C signs a memorandum of understanding with AP Exhaust Products to supply 30,000 tons of its Alcosta aluminum-coated steel per year, which will be used to make car mufflers.

MMTC, Tata Steel Form JV to Explore, Develop Minerals

26 October 2009 - Tata Steel and MMTC sign an agreement to establish a 74:26 joint venture company for acquiring, development, and operation of mines and processing of minerals and metals.

Ruukki Metals to Reduce Workforce in Finland

26 October 2009 - Ruukki Metals is to initiate employer-employee negotiations regarding workforce reductions and temporary layoffs in an effort to improve long-term efficiency and profitability and to adjust operations to weak market conditions.

World Crude Steel Production Still Down 16% Through YTD September 2009

26 October 2009 - World crude steel production for the 66 countries reporting to the World Steel Association stood at an estimated 107,030 million tonnes in September 2009 — 0.5% higher than the previous month (August 2009) but still 0.6% lower than September 2008.

NLMK Commissions New Hot-Dip Galvanizing Line

23 October 2009 - NLMK commissions the fourth hot-dip galvanizing line with an annual capacity of 300,000 tonnes at its Lipetsk production site. The thinner galvanized steel will allow the company to expand its product mix.

Nucor Reports 3rd Quarter Results

23 October 2009 - Nucor reports a consolidated net loss of $29.5 million on consolidated net sales of $3.12 billion for the third quarter and a consolidated net loss of $352.5 million on consolidated net sales of $8.25 billion for the first nine months of 2009.

Ruukki to Supply Steel Structures for New Arena

22 October 2009 - Ruukki signs a contract with Peab for the manufacture and installation of steel structures and roofing elements for a new multipurpose stadium in Stockholm, Sweden.

SAIL Chairman Receives Excellence Awards

22 October 2009 - Prime Minister Manmohan Singh confers the SCOPE Award for Excellence under the “Individual” category on Steel Authority of India Ltd. Chairman S.K. Roongta, along with three other major awards for the company.

Mechel Completes Placement of 05 Series Bonds

22 October 2009 - Mechel OAO announced completion of its placement of non-convertible interest-bearing 05 series documentary bonds for a total value of 5 billion rubles.

Evraz Prices 20 Billion Roubles Bond Issue

21 October 2009 - Evraz Group prices a 20-billion-rouble bond (approximately US$683 million) at a coupon rate of 13.5% per annum.

ThyssenKrupp Steel Europe Recruits 477 New Apprentices

21 October 2009 - At the beginning of the 2009/10 fiscal year, 477 young people started an apprenticeship in the Steel Europe business area, bringing the total to 1667. The apprenticeship training rate is now 5.6%.

Evraz Acquires Carbofer Metall in Russia

21 October 2009 - Evraz Group closes the deal with Carbofer Group for the acquisition of Carbofer Metall, one of the largest Russian steel distribution networks.

NLMK Taps New Equipment for Air Quality Control

21 October 2009 - The physical-chemical laboratory at NLMK's Industrial Ecology Department has begun using a new ultraviolet gas analyzer for continuous air contamination level measurement.

MMK Increases Stake in Belon Coal Company to 82.6%

20 October 2009 - At the final transaction stage, OJSC Magnitogorsk Iron and Steel Works (MMK) increases its stake in Onarbay Enterprises Ltd, which owns 82.6% of OJSC Belon, from 50 to 100%.

Posco Again Recognized for Sustainability Report

19 October 2009 - At the Korean Sustainability Conference 2009 on October 14, Posco’s sustainability report won the grand prize in the manufacturing sector. It was the second consecutive year Posco has won the award.