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Paul WURTH Reports Good Performance in a Gloomy Economic Environment

Thu, 23 May 2013 15:30:00 GMT

Paul WURTH provided an update on its operations and earnings results for the 2012 financial year, as well as an update on the company's outlook.

AK Steel Announces Price Increase for Carbon Steel Products

Thu, 23 May 2013 15:07:00 GMT

AK Steel said today that it will increase current spot market base prices for all carbon flat-rolled steel products by a minimum ofUS$50 per ton, effective immediately with new orders.

USW Urges New York MTA to Reconsider Rebuilding Bridge with Domestic, Not Chinese Steel

Thu, 23 May 2013 14:55:00 GMT

United Steelworkers (USW) international president Leo W. Gerard wrote to the Metropolitan Transportation Authority (MTA), questioning its decision to use 15,000 tons of steel, all sourced from China, to rebuild the Verrazano-Narrows Bridge.

GE and Manufacturing Institute Expand Skills Training Program for U.S. Veterans

Thu, 23 May 2013 11:37:00 GMT

GE, in collaboration with the Manufacturing Institute and the National Association of Manufacturers, announced that 190 new manufacturers have joined the Get Skills to Work (GSTW) coalition. The increase of employers participating in the initiative will further expand career opportunities for U.S. veterans in advanced manufacturing.

Severstal to Improve Heavy Plate Quality for South Stream and Power of Siberia Oil and Gas Projects

Thu, 23 May 2013 09:35:00 GMT

More than 200 million rubles are to be invested into a large-scale project to upgrade the equipment at plate-rolling facility No.3 of Severstal's Cherepovets steel mill.

Tata Steel Reports Consolidated Financial Results

Thu, 23 May 2013 08:53:00 GMT

As it reported its quarterly earnings results, Tata Steel says severely depressed conditions in Europe are expected to continue over the short-to-medium term and have led to a downward revision of cash flow expectations and the valuation of the Groups’ European operations.

Kentucky Electric Steel Announces $6 Million Capital Improvement Project

Thu, 23 May 2013 08:44:00 GMT

Kentucky Electric Steel's parent company Optima Specialty Steel has committed US$6 million in capital to provide KES with the ability to produce high-quality round bars with diameters up to 3.75 inches.

AISI Applauds Presidential Executive Order on Infrastructure

Wed, 22 May 2013 16:30:00 GMT

The American Iron and Steel Institute (AISI) sent a letter to President Obama applauding his recent signing of Presidential Memorandum implementing Executive Order 13604 to expedite the approval process for infrastructure projects in the U.S.

World Crude Steel Production Up 1.2% in April

Wed, 22 May 2013 12:17:00 GMT

World crude steel production for the 63 countries reporting to the World Steel Association (worldsteel) was 132 million tonnes in April 2013, an increase of 1.2% compared to April 2012.

Steel Industry Calls on EU for Life Cycle Approach to Vehicle Emissions

Wed, 22 May 2013 12:11:00 GMT

As negotiations on the EU review of the CO2 emissions from cars regulations begin today, the steel industry is calling upon the Council to uphold Parliament’s amendment acknowledging the importance of a life cycle assessment in emissions legislation after 2020.

Korean Metallurgist Nominated for 2013 European Inventor Award for Sustainable Steel Production Invention

Wed, 22 May 2013 11:50:00 GMT

Korean scientist and metallurgist Sanghoon Joo of POSCO, who developed a new energy-efficient, cleaner and faster method of producing steel, has been nominated for the European Inventor Award 2013.

Arch Coal Foundation Awards Scholarships to 16 High School Graduates

Wed, 22 May 2013 11:46:00 GMT

The Arch Coal Foundation announced that 16 recent high school graduates have been chosen as 2013 Arch Coal Scholars.

Grupo Simec Announces Contract Clarification with U. S. Steel

Wed, 22 May 2013 11:43:00 GMT

During a 5-year period, Grupo Simec will supply tube rounds to the U.S. Steel Tubular Products Division. The company estimates that the contract will generate sales of approximately US$1.3 billion.

ArcelorMittal Kryvyi Rih Repairs Blast Furnace in Record Time

Wed, 22 May 2013 10:15:00 GMT

ArcelorMittal Kryvyi Rih, the largest producer of rolled steel in Ukraine, has finished the overhaul of its blast furnace number seven after just 26 days. A total of 17 operations were performed on the blast furnace.

Outokumpu Unveils New Vision, Prodcts and Pricing Model; Comments on Its Strategy Progress

Wed, 22 May 2013 10:00:00 GMT

At Outokumpu Experience, the company’s global event in London for customers, partners and analysts, Outokumpu launched its latest addition to the duplex product family, the FDX platform, introduced a new pricing model and commented on its strategy progress and the Terni divestment process.

Severstal CEO Awarded for Contribution to Latvian Economic Advancement

Wed, 22 May 2013 07:14:00 GMT

Alexey Mordashov, CEO of OAO Severstal, has been awarded with the Cross of Recognition, Degree III, which is one of Latvia’s highest honors, in recognition of his contribution to Latvia’s economic development.

Sandvik Materials Technology Appoints New Head of Product Area Tube

Wed, 22 May 2013 00:00:00 GMT

Sandvik Materials Technology has appointed Michael Andersson as the new head of Product Area Tube.

Baosteel Profit Up 33% to RMB 1.6 Billion in Q1

Wed, 22 May 2013 00:00:00 GMT

Shanghai Baoshan Iron and Steel Co. (Baosteel) reported a net profit of RMB 1.628 billion (US$262.15 million) for Q1 2013, up 33.3% from a year earlier.

Evraz Returns to Black as Q1 Sales Rise

Wed, 22 May 2013 00:00:00 GMT

Evraz Highveld Steel and Vanadium reported a return to profitability as it delivered a first quarter profit after suffering significant losses during the first and fourth quarters of 2012.

Universal Stainless Achieves Nadcap Heat Treat Accreditation for Bridgeville Facility

Tue, 21 May 2013 07:05:00 GMT

Universal Stainless & Alloy Products, Inc. has achieved Nadcap Heat Treat accreditation at its Bridgeville, Pa., facility.

New Comprehensive Spray Technology Catalog Available from Spraying Systems Co.

Tue, 21 May 2013 06:55:00 GMT

A new publication featuring hydraulic spray nozzles and a detailed technical reference section is now available from Spraying Systems Co. Industrial Hydraulic Spray Products Catalog 75 provides educational information on spray technology and technical data on thousands of full cone, flat spray, hollow cone and fine spray nozzles.

Abengoa Obtains Required Consent to Proceed with Befesa Sale

Tue, 21 May 2013 06:43:00 GMT

Abengoa announced that the required authorizations, undertaken with Befesa's bondholders in order to facilitate the sale of Befesa Medioambiente to funds advised by Triton Partners, were successful.

Baosteel to Cut Capacity by 30% in Shanghai

Tue, 21 May 2013 00:00:00 GMT

Baosteel Group Corp has started piling work for the No. 1 blast furnace of its Guangdong-based Zhanjiang plant, seen as a "key battlefield" as it bids to cut 30% of its capacity in Shanghai.

Gerdau Expands in Knoxville, Adds 40 Nnew Jobs

Tue, 21 May 2013 00:00:00 GMT

On Monday, state officials joined representatives from Gerdau to announce they were adding a facility in the WestBridge BusinessPark where workers will take steel rebar manufactured at the current Lonsdale mill and apply finishing services for original equipment manufacturers. The new facility will create approximately 40 new jobs.

JSW Ispat Reports Rs 159.33 Crore Net Profit in Q4

Tue, 21 May 2013 00:00:00 GMT

Helped by deferred tax benefits of Rs 159.33 crore, JSW Ispat Steel, an associate firm of JSW Steel, today reported a standalone net profit of Rs 94.16 crore for the fourth quarter ended March 2013.

Russula to Upgrade Special Metals Company Rolling Mill

Tue, 21 May 2013 00:00:00 GMT

Russula has been selected by Special Metals Company, a PCC company, to upgrade the automation system and drives for its Huntington, W.Va., wire mill.

Severstal Q1 Net Profit Falls Almost 90% on Lower Prices

Tue, 21 May 2013 00:00:00 GMT

Russian steelmaker Severstal's IFRS net profit fell 89.7 percent year-on-year in January-March 2013 to $44 million, the company said on Monday, citing weaker demand and lower realized prices as contributing factors.

Novolipetsk 1Q Net Profit Falls 78%, Sees Ongoing Challenges

Mon, 20 May 2013 12:00:00 GMT

Russian steelmaker Novolipetsk Iron & Steel Corp. (NLMK.RS) said Friday its first-quarter net profit fell 78% on the year earlier to $38 million, noting that challenges in the global steel market remain.

MORE to Supply Severstal Columbus with Pneumatic Lime/Dolo-Lime Injection System

Mon, 20 May 2013 07:25:00 GMT

Severstal Columbus, located in Columbus, Miss., has placed an order with MORE srl (Gemona Del Friuli -Italy) to supply a new pneumatic lime/dolo-lime injection system for its two 165-ton electric arc furnaces.

Kobe Steel, U. S. Steel Announce Commerical Production Begins at PRO-TEC CAL Joint Venture

Mon, 20 May 2013 07:15:00 GMT

Kobe Steel and U. S. Steel announced that the continuous annealing line at their joint venture, PRO-TEC Coating, has commenced commercial production of advanced high-strength steel sheet for automobiles.