Steel News

Conros Group to Add Two ERW Pipe Mills in 2009

11 December 2008 - The Conros Group is adding two new ERW pipe mills for the manufacture of larger diameter pipe and API Line Pipe as well as square and rectangular hollow structural sections.

TKS Rasselstein Wins Packaging Award

09 December 2008 - ThyssenKrupp Steel subsidiary Rasselstein and Soudronic AG of Switzerland jointly win the 31st German Packaging Award for a newly developed food can production line that achieves 30% higher productivity than conventional machines.

SSAB to Reduce Costs, Personnel

09 December 2008 - SSAB announces plans to reduce its workforce by 1300 as part of a cost savings program that is estimated to reduce operating costs by at least SEK 1 billion per year.

Despite Downturn, SMS Group Reports Strong Finish for 2008

09 December 2008 - The SMS group reports that it is expecting a slight increase in order intake for the current year 2008, to around EUR 5.4 billion as compared to EUR 5.15 billion in the previous year.

Mechel Obtains Credit Lines from VTB Bank

08 December 2008 - VTB Bank provides Mechel OAO with credit lines totaling approximately US$560 million for its subsidiaries Yakutugol OJSHC, Southern Kuzbass Coal and CMK.

ArcelorMittal South Africa Launches Saldanha Science Centre

08 December 2008 - ArcelorMittal South Africa signs memorandum of understanding for development of its second Science Centre in the Vredenburg/Saldanha Bay region of the Western Cape.

Baosteel Reports Solid Increase in Automotive Sheet Sales for 2008

08 December 2008 - Baosteel preserves its leading role in automotive sheet production and sales, as it reports a 9.7% increase in total sales volume for the year as compared to the same period of the previous year.

Evraz Board Elects New Chairman

05 December 2008 - Evraz Group elects Alexander Abramov as Chairman of the company’s Board of Directors. Alexander Frolov will continue to serve as CEO.

Outotec Receives Excellence Award from Samarco

05 December 2008 - Brazilian iron ore producer Samarco Mineração presents Outotec with its Prêmio Samarco de Excelência 2008 award in recognition of its performance during implementation of the company's third pelletizing plant project.

Broner to Streamline Serov Production Processes

05 December 2008 - Broner Metals Solutions will supply an advanced production management and optimization solution to A.K. Serov in Russia.

Tata Steel Reports Best-Ever Blast Furnace Output in November

05 December 2008 - Tata Steel reports a significant increase in hot metal and crude steel production for the month of November, including record-setting blast furnace and meltshop tonnages.

Nippon, ArcelorMittal Defer CGL Construction at I/N Kote

05 December 2008 - Nippon Steel and ArcelorMittal will defer further construction on the new continuous galvanizing line at I/N Kote, based on the sudden downturn of the North American automotive market.

Baosteel Starts up First Corex Slag Vertical Milling Line in China

04 December 2008 - Baosteel puts the first Corex slag vertical mill and powder milling line into operation to process slags from its new Corex-C3000 smelting unit into admixture for high-performance concrete.

Timken Receives $16 Million Order from Indian Railways

03 December 2008 - Timken will supply its Timken AP Class E bearings for use on Indian Railways passenger and freight trains.

Peabody Energy Enters Sales Agreement for Interest in Australia Mine

03 December 2008 - Peabody Energy enters agreement to sell its 62.5% interest in the Baralaba Mine to Cockatoo Coal Limited.

Siemens VAI Starts up Slab Caster with LiquiRob Robot for Cosipa

02 December 2008 - Siemens VAI recently started up a new slab caster equipped with the LiquiRob robot system as well as thickness-on-demand capability for the Brazilian flat-steel producer Companhia Siderúrgica Paulista (Cosipa).

Outokumpu Averts Temporary Layoffs at Tornio

02 December 2008 - ABSTRACT: Outokumpu agrees with employees on a solution that avoids proposed full or part-time temporary layoffs at the Tornio plant that had been prompted by low order load.

Ruukki to Adjust Steel Production, Boost Efficiency

02 December 2008 - ABSTRACT: Rautaruukki plans a range of actions to bring steel production and other operations in line with weakened demand and stock levels, including the initiation of employer-employee negotiations about possible lay-offs, redundancies and part-time working schedules.

Essar Steel and Kobe Steel Sign Umbrella Agreement

02 December 2008 - ABSTRACT: Essar Steel signs umbrella agreement with Kobe Steel that will cover a range of steel quality and production control technologies for Essar, as well as the supply of slabs and other raw materials to Kobe Steel.

Corus Sells Stake in GrantRail Group to JV Partner VolkerWessels

01 December 2008 - ABSTRACT: Corus is selling its 50% stake holding in the GrantRail Group to its joint venture partner, VolkerWessels, giving it full ownership.