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December Steel Shipments Up 11.3% from Previous Month

Thu, 11 Mar 2010 00:00:00 GMT

U.S.

steel mills shipped 6,035,000 net tons for the month of December 2009, an 11.3% increase from the previous month’s shipments according to the latest report from AISI.

Siemens Replaces LD Converters at CSN

Thu, 11 Mar 2010 00:00:00 GMT

Companhia Siderúrgica Nacional (CSN) has placed an order with Siemens for the replacement of two LD converters at its Volta Redonda location. Turnkey delivery of the converters is planned during the summer of 2011 and at the end of 2012, respectively.

Outokumpu Duplex Pipes Used by Metso for Pilot Paper Machine

Thu, 11 Mar 2010 00:00:00 GMT

Outokumpu has introduced a new comprehensive system of duplex pipes and fittings, called Outokumpu Duralite™ Piping System, to serve customers in a range of applications. Metso chose Duralite pipes in the lean duplex grade LDX 2101® to rebuild a pilot paper machine.

Ruukki Offers Strong, Weather-Resistant Structural Steel

Thu, 11 Mar 2010 00:00:00 GMT

Ruukki is launching Optim 960 QCW structural steel, a new grade that combines high strength and weather resistance. Optim 960 QCW is made using a direct quenching process developed by Ruukki and is suitable for applications such as containers, cranes, and booms.

Cliffs Elects New Board Member

Thu, 11 Mar 2010 00:00:00 GMT

Cliffs Natural Resources Inc.’s Board of Directors has elected James F. Kirsch as a director. Kirsch also currently serves as Chairman, President, and Chief Executive Officer of Ferro Corp.

Steel Dynamics Declares Cash Dividend, Issues Q1 Guidance

Wed, 10 Mar 2010 00:00:00 GMT

Steel Dynamics’ board has declared a quarterly cash dividend of $0.075 per common share, payable on or about April 12, 2010, to shareholders of record at the close of business on March 31, 2010. The company also issued first quarter 2010 earnings guidance of $0.22 to $0.27 per diluted share.

ArcelorMittal USA Again Receives Energy Star Honor

Wed, 10 Mar 2010 00:00:00 GMT

ArcelorMittal

USA

was recently selected, for the third consecutive year, as a 2010 Energy Star® Sustained Excellence Award winner for Energy Management, awarded annually by the U.S. Environmental Protection Agency and the U.S. Department of Energy.

California Steel Reports 4th Quarter, Full Year 2009 Results

Wed, 10 Mar 2010 00:00:00 GMT

California Steel reports a net loss of $2.3 million on net sales of $153.6 million for the fourth quarter and a net loss of $13.1 million on net sales of $551.8 million for the full year ended December 31, 2009.

Posco Completes Corporate Restructuring

Wed, 10 Mar 2010 00:00:00 GMT

Posco has created the Growth Investment division, integrated the Marketing and Production divisions, and established the new post of Chief Technology Officer to increase the synergy on technology independence and development.

Mechel, Gazprombank Amend Credit Facility Agreements

Wed, 10 Mar 2010 00:00:00 GMT

Mechel OAO announces prolongation of credit facilities for its subsidiaries obtained earlier from Gazprombank. According to the amendment agreements, the credit maturity extends from three years to six years.

Nippon Steel Invests in Malaysian Steel Sheet Manufacturing Firm

Tue, 09 Mar 2010 00:00:00 GMT

Nippon Steel Corp. has reached an agreement with Yung Kong Galvanizing Industries Berhad (YKGI) to subscribe for redeemable convertible preference shares, which will be newly issued by YKGI around June 2010.

BHP Billiton Reaches Met Coal Agreements with Customers in Europe, Asia

Tue, 09 Mar 2010 00:00:00 GMT

BHP Billiton reaches terms for a significant portion of its hard coking coal volumes for 2010, including agreements with a range of customers in Europe, China, India and Japan.

Tata Steel Reports Production Increases for February

Tue, 09 Mar 2010 00:00:00 GMT

Tata Steel posted February increases in its hot metal (+13.5%), crude steel (+13%), and saleable steel (+0.4%) production compared to the corresponding month last year.

JSW Posts 69% Growth in Crude Steel Production

Tue, 09 Mar 2010 00:00:00 GMT

JSW Steel Ltd. reported crude steel production of 502,000 tonnes for February 2010 compared to 297,000 tonnes in the corresponding month last fiscal year, up 69%.

Universal Stainless Announces Base Price Increases

Tue, 09 Mar 2010 00:00:00 GMT

Universal Stainless & Alloy Products announces base price increases of 3% to 5% on stainless and low alloy grade products manufactured at its Bridgeville and Dunkirk facilities.

Outokumpu, Ruukki Affected by Stevedores Strike in Finland

Tue, 09 Mar 2010 00:00:00 GMT

Outokumpu reports that the strike of the Finnish stevedores has started to impact its operations in Röyttä harbor in Tornio. At Ruukki, the strike will initially affect the transportation of steel products for export, which will be evident in longer delivery times.

ThyssenKrupp Nirosta Supplies Stainless Steel for Metro Trains in Hamburg

Mon, 08 Mar 2010 00:00:00 GMT

The DT5 multiple unit train, developed by the consortium Alstom/Bombardier Transportation under a contract from Hamburger Hochbahn AG, makes extensive use of Nirosta 4318 stainless steel from ThyssenKrupp Nirosta.

Essar Group, Denham Capital Announce Purchase-Sale Agreement for Trinity Coal

Mon, 08 Mar 2010 00:00:00 GMT

Essar Group, through its Essar Minerals subsidiary, and Denham Capital recently announced a definitive agreement by which Denham will sell its ownership of Trinity Coal to Essar for US $600 million. The deal is expected to close by the end of March.

Corus Subsidiary Announces £8.3 Million Steel Support Package

Mon, 08 Mar 2010 00:00:00 GMT

Steel Enterprise, the Corus subsidiary that helps the economic regeneration of communities impacted by steel industry changes, announces an £8.3m package of support measures in the wake of the recent job losses at Teesside.

Tenova Core Installs Walking Beam Reheat Furnaces at Hyundai Steel

Mon, 08 Mar 2010 00:00:00 GMT

Tenova Core has recently completed the successful start-up of two 235-tonnes/hour walking beam furnaces for reheating slabs for a new plate mill at Hyundai Steel’s Dangjin, South Korea, plant.

Baosteel's TMCP Ship Plate Enters Ship Building Market

Mon, 08 Mar 2010 00:00:00 GMT

Baosteel Co., Ltd. recently supplied TMCP (thermo mechanical control process) ship plate in batches to STX Heavy Industries Co., Ltd. and Daewoo Shipbuilding & Marine Engineering Co., Ltd. of

Korea

Steel Import Permits Decline 7% in February

Fri, 05 Mar 2010 00:00:00 GMT

Steel import permit applications totaled 1,530,000 net tons for the month of February, a 7% decrease from the 1,644,000 permit tons recorded in January according to the latest report from AISI.

Superior Ships Components for EAF Revamp at North Star Bluescope

Fri, 05 Mar 2010 00:00:00 GMT

Superior Machine Co. of S.C., Inc. has completed and shipped the major components for an upcoming revamp of North Star BlueScope Steel, LLC’s electric arc furnace. Superior’s field service crew is in the process of reassembling the tilt platform, bottom shell (hearth), and upper shell onsite.

Commerce Preliminarily Finds Dumping of Magnesia Carbon Brick from China, Mexico

Fri, 05 Mar 2010 00:00:00 GMT

The Department of Commerce announced on March 4 that it preliminarily determined that Chinese and Mexican producers/exporters have sold magnesia carbon brick in the

United States

between 132.74 and 349.00%, and 54.73% less than normal value, respectively.

AISI Supports Efforts to Halt EPA Regulation of Stationary Sources

Fri, 05 Mar 2010 00:00:00 GMT

The American Iron and Steel Institute applauds efforts in both the U.S. Senate and the U.S. House of Representatives to prevent “economically damaging action” by the Environmental Protection Agency to regulate greenhouse gases from stationary sources.

Severstal Acquires Lucchini Family’s Stake in Lucchini SpA

Fri, 05 Mar 2010 00:00:00 GMT

OAO Severstal has acquired the Lucchini family’s 20.2% stake in Lucchini SpA.

Outokumpu Oyj Unaffected by Finnish Harbor Workers' Strike

Fri, 05 Mar 2010 00:00:00 GMT

Outokumpu announces that the strike of Finnish harbor workers does not have any material impact on its exports or imports. The private part of the Röyttä harbor, which only serves Tornio Works, is expected to operate “almost normally” with the help of subcontractors.

Nucor, Mitsui to Form Steel Processing Joint Venture

Thu, 04 Mar 2010 00:00:00 GMT

Nucor Corp. and Mitsui & Co. (U.S.A.) have entered into a 50-50 joint venture in which newly created NuMit LLC will own and operate a flat rolled steel processing network and other steel related projects throughout North America.

Danieli TMB Wire Rod Rolling Technology at Pangang Group

Thu, 04 Mar 2010 00:00:00 GMT

Two plants fitted with Twin Module Block® (TMB) technology from Danieli were started up at the end of 2009 at the Pangang Group in P.R. China: Changcheng Special Steels and Chenghdu Iron & Steels.

TMK IPSCO to Open New Production Facility in Marcellus Shale Region

Thu, 04 Mar 2010 00:00:00 GMT

TMK IPSCO has signed a lease on a building in Brookfield, Ohio, where it will install new equipment to further expand the threading capacity of its ULTRA Premium Connections product line. The facility is expected to begin operations during the second quarter of this year.