Steel News

Essar Steel Algoma Granted Injunction for Pellet Delivery

18 June 2010 - Essar Steel Algoma has been granted an injunction against Cleveland Cliffs that will force Cliffs to continue delivering pellets to Essar, pending resolution of a pricing dispute between the parties.

Evraz Launches Rail Mill Reconstruction at NTMK

18 June 2010 - Evraz Group has launched reconstruction of the rail mill at NTMK, its Russian steel plant in Nizhny Tagil, Urals. The project will expand the mill’s annual capacity to 550,000 tonnes.

U. S. Steel Names General Manager-Logistics Services

18 June 2010 - United States Steel names Gerald W. Gagliano as General Manager—Logistics Services, with responsibility for overseeing all outbound rail, barge and truck operations at all domestic U. S. Steel facilities.

CISC Announces National Steel Design Award Winners

18 June 2010 - The Canadian Institute of Steel Construction announces the CISC-ICCA National Steel Design Awards winners in the categories of Architecture, Engineering, and Sustainability.

ThyssenKrupp Inaugurates New Headquarters in Essen

18 June 2010 - ThyssenKrupp AG  will officially inaugurate this week its new corporate headquarters – the ThyssenKrupp Quarter — a sustainable operation combining administrative offices previously spread over various locations.

Korea Iron & Steel Association Celebrates Annual Steel Day

18 June 2010 - The Korea Iron & Steel Association recently held a ceremony for the annual Steel Day at the Posco Center to demonstrate support for development and unity of the domestic steel industry.

Metals Volumes Continue to Climb through May 2010

17 June 2010 - May shipments of steel and aluminum products from U.S. and Canadian metals service centers increased at double-digit rates from depressed year-ago levels, according to the latest Metals Activity Report from MSCI.

Essar Steel Algoma Reports Results for Fiscal Year 2010

17 June 2010 - Essar Steel Algoma reported a net loss of $68.4 million on sales of $464.8 million for the fourth quarter, and a net loss of $398.9 million on sales of $1,409.4 million for the fiscal year ended March 31, 2010.

Steel Dynamics Announces Second Quarter Earnings Guidance

17 June 2010 - Steel Dynamics, Inc. announced that it expects to report earnings of $0.20 to $0.25 per diluted share for the second quarter. Anticipated results reflect lower flat-rolled volumes and margins vs. the previous quarter, as well as the impact of both planned and unplanned outages.

April Steel Shipments Down 7.7% from March

17 June 2010 - U.S. steel mills shipped 7,057,660 net tons for the month of April 2010, a 7.7% decrease from the previous month and a 74.6% increase from the 4,042,457 net tons shipped in April 2009, according to the latest report from AISI.

Nucor Announces Guidance for Second Quarter Earnings

16 June 2010 - Nucor says it expects to report earnings of $0.20 to $0.25 per diluted share for its second quarter ending July 3, 2010. Results include a $47 million LIFO charge.

Outokumpu Opens New Stainless Bar/Rebar Plant in Sheffield

16 June 2010 - Outokumpu officially opens a new stainless steel bar and rebar facility in Sheffield, U.K., that can supply stainless steel rebar in straight lengths or formed components as well as cold drawn bar.

SMS Meer to Supply 14 Extrusion Presses for Shandong Nanshan

16 June 2010 - Shandong Nanshan Aluminium signs contract with SMS Meer for the supply of a total of 14 light-metal extrusion presses.

NLMK Appoints New Long Products Division Director

16 June 2010 - Novolipetsk Steel appoints Alexander Buraev as the new Director of NLMK’s Long Products Division. He replaces Olga Naumova, who has resigned from the company.

Nucor Steel Ads Selected by BtoB as Top Creative of the Decade

16 June 2010 - Ads created for Nucor by Eric Mower and Associates are being recognized by BtoB magazine as among the "Top Creative of the Decade".

OJSC ArcelorMittal Provides Pipe for Orjonikidze Mine Repair

15 June 2010 - OJSC ArcelorMittal Kryviy Rih has provided 700 meters of pipe for repair of the gas pipeline to the Horky village that was destroyed after an accident at the Orjonikidze mine.

AZZ Completes Offer for North American Galvanizing & Coatings

15 June 2010 - AZZ incorporated announces successful completion of its tender offer for all outstanding shares of common stock of North American Galvanizing & Coatings at a price of $7.50 per share.

Oates Becomes Chairman of the Board of Universal Stainless

15 June 2010 - Universal Stainless & Alloy Products President and CEO Dennis M. Oates assumes the additional post of Chairman of the Board of Directors.

Court Upholds Canadian Law, Dismisses U.S. Steel Case on Unconstitutionality

15 June 2010 - A Canadian Federal Court ruling confirms the federal government's ability and obligation to ensure foreign takeovers of Canadian companies provide real benefits to the country, and dismissing a legal challenge by U.S. Steel, which had argued the Investment Canada Act's enforcement mechanisms were unconstitutional.

Auditors Confirm Compliance for NLMK’s Quality Management System

15 June 2010 - Novolipetsk Steel has passed the recertification audit conducted by the independent German certifying agency TÜV SÜD, confirming its compliance with international standard ISO 16949:2009 Quality Management Systems.