Steel News

JSW Steel Reports Strong Growth in April, Denies Sale of U.S. Operations

15 May 2009 - Reporting a 60% year-over-year growth in crude steel production in April, JSW Steel Limited denies the sale of any U.S. operation within the context of current market conditions.

Meishan Iron & Steel Celebrates Startup of New Blast Furnace

15 May 2009 - Meishan Iron & Steel celebrates the start-up of its new Blast Furnace No. 4 with an ignition and furnace startup ceremony.

Bluescope Steel Reports Fire at Western Port Plant

13 May 2009 - Bluescope Steel reports a fire at the Pickle Line Building at its Western Port Plant.

Tata Steel UK Meets with Lenders to Reset Debt Package

13 May 2009 - Tata Steel UK would prepay over £200 million of the non-recourse debt as part of its plan to reset the terms and conditions of its debt package.

Mechel Closes Acquisition of Bluestone Coking Coal Assets

12 May 2009 - Mechel OAO closes its previously announced acquisition of Bluestone Coal, a privately-held West Virginia-based coal businesses engaged in the mining, processing and sale of premium quality hard coking coal.

Gerdau Reports First Quarter Results

12 May 2009 - Gerdau reports first quarter net income of R$ 35 million on revenues of R$ 7.7 billion, reflecting the significant impact of the ongoing contraction in world steel demand.

Ruukki Concludes Negotiations at Kalajoki Unit

11 May 2009 - Rautaruukki concludes employer-employee negotiations at the Kalajoki unit in Finland, where 35 employees will be transferred to the Ruukki Engineering division; the negotiations also resulted in 12 redundancies.

Evraz Vitkovice Steel Signs Long-Term Supply Agreement with Ostrava

11 May 2009 - Evraz Vitkovice Steel signs long-term agreement with ArcelorMittal Ostrava that guarantees the supply of liquid pig iron for the Vitkovice steelmaking facilities.

NLMK Restarts Blast Furnace No. 4

11 May 2009 - Novolipetsk Steel restarts its Blast Furnace No. 4 following a complete overhaul.

Termination of Contract Could Lead to Closure of Corus Teesside

11 May 2009 - Corus has initiated discussions regarding the possible closure of its Teesside Cast Products following the recent termination of a slab offtake agreement originally signed with four international slab buyers in 2004.

ThyssenKrupp Steel Initiates Social Compensation Plan

11 May 2009 - In response to the dramatic slump in the world economy, ThyssenKrupp Steel initiates plans to cut some 1800 to 2000 regular jobs by September 30, 2010.

Ternium Completes Transfer of Sidor Shares to Venezuela

08 May 2009 - Ternium SA completes the transfer of its entire 59.7% interest in Sidor to Corporación Venezolana de Guayana, a Venezuelan governmental entity.

Essar Steel Expands Service Center Capacity in India to 2.5 MTPA

07 May 2009 - Essar Steel inaugurates its fourth steel service center facility in India, bringing its total processing capacity in India to 2.5 million tonnes/year.

MMX Resumes Iron Ore Mining Operations at Corumbá

06 May 2009 - MMX Mineração e Metálicos SA announces the resumption of operations at its Corumba iron ore mine in the state of Mato Grosso do Sul, Brazil.

SSAB to Install Emission Control System at Oxelösund Coke Plant

06 May 2009 - SSAB will invest approximately SEK 200 million in a Pushing Emission Control System to reduce dust and smoke emissions at its coking plant in Oxelösund.

ArcelorMittal Mines Canada Plans Temporary Production Stoppages

06 May 2009 - ArcelorMittal Mines Canada announces plans for four-week production stoppages at its Mont-Wright and Port-Cartier facilities.

Mechel Announces Executive Appointment for Ferroalloy Division

05 May 2009 - Mechel OAO announces the appointment of Alexey Ivanushkin as Chief Executive Officer of the Oriel Resources Co. (Great Britain).

NLMK Quality Management System Certified to International Standards

05 May 2009 - Novolipetsk Steel’s quality management system passed an oversight audit conducted by TÜV CERT, an independent German certifying agency.

Friedrich Kocks to Install 3-Roll RSB for Bhushan Power & Steel

05 May 2009 - Friedrich Kocks GmbH will install a 500,000 tonnes/year combined wire rod and bar mill with latest-generation 3-roll RSB for Bhushan Power & Steel.

Byard Spiral Mill to Supply Off Line Spiral Pipe Mill to Surya Roshni

04 May 2009 - Byard Spiral Mill Sdn Bhd is preparing to ship a new off line Spiral Pipe Mill to Surya Roshni Ltd of India.