Steel News

Baosteel Adjusts Magnetic Material Business

30 December 2009 - Baosteel Development Co. makes internal adjustments to its magnetic material business sector to pursue greater development of Baosteel brand magnetic materials. Shanghai Baosteel Tiantong Magnetic Materials Co., Ltd. is renamed Shanghai Baosteel Magnetic Materials Co., Ltd., due to Zhejiang Tiantong’s decision to withdraw its share.

ArcelorMittal Supports Communities through Volunteer Work

30 December 2009 - ArcelorMittal held its second annual International Volunteer Work Day, organized by the ArcelorMittal Foundation, in early December. The event is held in the same week as the United Nations' International Volunteer Day.

Posco Chairman Awarded Jeong-Do Management Award

30 December 2009 - Posco Chairman Joon-yang Chung receives the Best CEO Award at the 2009 Korea Jeong-Do Management Awards sponsored by Korea Economy Daily and hosted by the Korea Business Institute.

Vale, Dongkuk Start Construction Work at CSP

29 December 2009 - Vale and Dongkuk have started construction work at Companhia Siderúrgica do Pecém (CSP), the first integrated steel mill featuring a coking plant in Brazil's Northeast region. CSP is due to come on stream in 2013, with estimated annual output of 3 million tonnes of steel plates in the first phase.

SKF Tops List for Corporate Responsibility

29 December 2009 - SKF has received a top score for its environmental and human rights work, as indicated in the Folksam Corporate Responsibility Index for 2009.

New UHSS Grades from Hoesch Hohenlimburg

29 December 2009 - Hoesch Hohenlimburg’s family of micro-alloyed, fine-grained structural steels adds four new members: HSM 550 HD, HSM 600 HD, HSM 650 HD, and HSM 700 HD. The HD grades are used by automakers and their suppliers to make complex precision-blanked and stamped parts.

Outokumpu Appoints New Sales and Marketing EVP

29 December 2009 - Kari Parvento has been appointed Executive Vice President - Group Sales and Marketing and member of Outokumpu Group's Executive Committee as of May 1, 2010, at the latest. He will report to CEO Juha Rantanen and will succeed Bo Annvik.

ArcelorMittal Supports Search for Paryavaran Ambassador

28 December 2009 - Dr. APJ Abdul Kalam, former President of India, has been selected by school-age children to be the first "Bharat ka Paryavaran Ambassador" in a campaign supported by ArcelorMittal to choose a spokesperson for children on sustainability.

Tenova Goodfellow Completes Installation at Feralpi Calvisano Steelworks

28 December 2009 - Tenova Goodfellow Inc. successfully completes the installation of a Goodfellow EFSOP system at the Feralpi Calvisano steelworks (Brescia, Italy) in 10 weeks from receipt of the initial PO and completion of the project kickoff meeting in mid-September.

Outotec Increases Ownership in Ausmelt

28 December 2009 - Outotec has increased its holding in Australian public company Ausmelt Ltd. through market purchases and now holds 37.4% of all the Ausmelt shares. As a result, Ausmelt has become an associated company of Outotec.

Sumitomo Streamlines Super Functional, Super Clean Steel Production Lines at Kokura

28 December 2009 - Sumitomo Metal Industries starts operating the newly constructed No. 2 Ladle Furnace refining facility, No. 2 RH degassing facility, and No. 4 continuous caster at Sumitomo Metals (Kokura), Ltd. An innovative new phosphorous removal furnace is also under construction, with completion targeted for October 2010.

Posco-VHPC Begins Construction on Second Plant

28 December 2009 - Posco broke ground on December 17 for the construction of its second plant, which will process stainless steel and have an annual capacity of 50,000 tonnes, at Posco-VHPC in Vung Tau, Dong Nai Province, Vietnam. The plant is scheduled for completion in June 2010.

Executive Changes Announced at Salzgitter

24 December 2009 - Ulrich Grethe has been appointed as member of the Executive Board of Salzgitter Stahl GmbH and chairman of the Management Board of Salzgitter Flachstahl GmbH as of January 1, 2010. He succeeds Johannes Nonn, who has switched to the Executive Board of Salzgitter AG.

SAIL Finance Director Recognized with Excellence Award

24 December 2009 - Steel Authority of India Ltd. Director (Finance) Shri Soiles Bhattacharya was conferred with the GSBA- Top Rankers Excellence Award 2009 under the Best Finance Professional category at a recent function held in New Delhi.

ArcelorMittal Makes Executive Appointments

24 December 2009 - ArcelorMittal has appointed Peter Kukielski to its Group Management Board, with responsibility for the group's global mining operations, and Phil Du Toit to its Management Committee, both effective January 1, 2010.

Siemens Puts Continuous Slab Casters into Operation at Zhangjiagang

23 December 2009 - Siemens VAI Metals Technologies has put into operation four continuous slab casters comprising a total of seven strands within four weeks at Chinese steel producer Zhangjiagang Rong Sheng Co. Ltd.

JFE Steel to Blow in Blast Furnace at West Japan Works

23 December 2009 - JFE Steel Corp.’s No. 3 blast furnace at the West Japan Works (Kurashiki)—currently undergoing a revamping that started in October—will be blown in for a fourth operating cycle beginning in mid-February 2010.

JFE Steel to Acquire 20% Interest in Byerwen Coal Project

22 December 2009 - JFE Steel will acquire a 20% interest in the Byerwen Coal project from QCoal, which is expected to start production in 2012 in the northern Bowen Basin of northeastern Queensland, Australia. JFE Steel also will take annual delivery of 2.0 million tonnes of premium hard coking coal delivered from the Byerwen Coal project.

Tata Steel Launches Safety Mascot

22 December 2009 - Tata Steel aims to produce “injury-free steel” with help from its new safety mascot Jeevan, which is adorned with Personal Protective Equipment such as goggles, helmet, safety shoes, and jacket—mandatory gear before entering the Steel Works.

Mechel First among Russian Hardware Producers

22 December 2009 - Mechel OAO cites a report from Prommetiz, a Russian association of hardware producers, that states in October and November 2009 the two plants of Mechel’s steel division became the leaders in hardware production among member companies of the association.