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Latest News:
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Posteel Opens New Pipe Plant in Oman
Mar. 19, 2010 - Posteel recently opened Gulf International Pipe Industry (GIPI), a new 250,000-tonne production facility specializing in API pipes based in Sohar, Oman. Posteel will supply 100,000 tonnes of hot-rolled coils annually to GIPI, which are needed to produce the pipes.
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Mechel Retains Leadership among Russian Hardware Producers
Mar. 19, 2010 - Mechel OAO cites a report released in early March by Prommetiz stating that two of Mechel’s steel division plants retained their leading position among Russian hardware producers that are members of the association during January and February.
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Harsco Expands Environmental Services to Baosteel
Mar. 18, 2010 - The Harsco Metals business group has been awarded an environmental services contract to deploy a new zero waste byproduct recycling service at Baosteel’s Ningbo integrated carbon steelmaking facility in Zhejiang Province.
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NLMK Launches Final Stage of Environmental Project
Mar. 18, 2010 - Novolipetsk Steel has begun the final stage of reconstructing the gas exhaust ducts at BOF Shop No.1 at its main production site in Lipetsk, the goal of which is to improve operational reliability and reduce the company’s environmental impact.
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CMC Zawiercie Operates New Bar Mill with Morgan XpertManager
Mar. 18, 2010 - Siemens VAI Metals Technologies has received an order from CMC Zawiercie S.A. to equip a new bar mill with the Morgan XpertManager manufacturing execution system, which will enable the company to analyze operations, manage production, and optimize the mill’s throughput.
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Nucor Announces Guidance for First-Quarter Earnings
Mar. 17, 2010 - Nucor Corp. announced guidance for its first quarter ending April 3, 2010. The company expects first-quarter results to be in the range of ($0.05) to $0.05 per diluted share, compared to a loss of $0.60 per diluted share in the first quarter of 2009 and earnings of $0.18 per diluted share in the fourth quarter of 2009.
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Siemens VAI Names New Head of Long Rolling Business
Mar. 17, 2010 - Hubert Max Köbach has been named Chief Executive Officer of the Morgan Construction Co. and head of Siemens VAI Metals Technologies Long Rolling Business, replacing Philip R. Morgan on January 4, 2010. Morgan Construction was acquired by Siemens in April 2008.
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January Steel Shipments Up 9% from December
Mar. 17, 2010 - U.S. steel mills shipped 6,579,808 net tons for the month of January 2010, a 9.0% increase from the previous month according to the latest report form AISI.
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Handan Iron & Steel Orders Combi-caster from Siemens
Mar. 16, 2010 - Siemens VAI Metals Technologies will supply a five-strand combi-caster to Handan Steel Works in China. The new plant will be capable of producing a total of 1.45 million tonnes of beam blanks and blooms per year.
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Air Liquide to Build Air Separation Unit for Chinese Steel Producer
Mar. 16, 2010 - Air Liquide will invest about €40 million in Yichun, Heilongjiang Province, to supply Xilin Steel Group with oxygen, nitrogen, and argon. A 1200-tonnes-per-day Air Separation Unit will be designed and built by Air Liquide Hangzhou and is expected to be commissioned in Q1 2012.
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CMC Anticipates Second Quarter Loss
Mar. 15, 2010 - Commercial Metals Co. is estimating it will record a net loss between $170 and $180 million ($1.50 to $1.60 per share) for the quarter ended February 28, 2010.
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Baosteel Completes First Export Contract for Cold-rolled Stainless Steel
Mar. 15, 2010 - Coordinated by Baosteel Co., Ltd. Stainless Steel Business Unit and Baosteel America Inc., more than 120 tonnes of 304 stainless steel produced by the Baosteel Stainless Steel Cold Rolling Project mill that was recently put into production were shipped to the U.S. on March 7.
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Danieli Supplies Equipment for “Twin” Wire Rod Mills in China
Mar. 15, 2010 - Danieli is supplying key equipment and technology for two high-speed wire rod mills, each with a capacity of 750,000 tonnes per year, under construction at Shangdong Laigang Yongfeng Steel for production of engineering and special steel wire rod in coils.
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Tenova Core Consteel® Startup at CMC Mesa
Mar. 15, 2010 - Commercial Metals Co. (CMC) has recently completed the successful startup of a new Consteel system designed and supplied by Tenova Core. The new CMC micro-mill plant located in Mesa, Ariz., is producing reinforcing bar.
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Outokumpu Restarts Operations in Röyttä Harbor in Tornio
Mar. 15, 2010 - Outokumpu announced on March 12 that the operations in Röyttä harbor in Tornio, Finland, have been restarted despite the stevedores strike. The loading and unloading of ships is being carried out with the help of subcontractors.
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Steel Dynamics to Offer $300 Million in Notes
Mar. 12, 2010 - Steel Dynamics announces plans to sell approximately $300 million in aggregate principal amount of debt securities in a transaction exempt from the registration requirements of the Securities Act of 1933.
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Danieli to Supply Equipment to Jianlong Group, Stefana Montirone
Mar. 12, 2010 - Jianlong Group Co., Ltd. has contracted Danieli CentroMet / Danieli Changshu Metallurgical Equipment and Service Co., Ltd. to supply a new conticaster for large-size rounds to be installed in its Chengde steel plant. Stefana Spa has also contracted Danieli for the supply of a FastCast CCM for production of billets, to be installed in its Montirone steelworks.
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