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Latest News:
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Pomina, Thep Viet Steel Group Select Tenova Melt Shops
Feb. 16, 2010 - Tenova Melt Shops has been chosen by Pomina and Thep Viet Steel Group to supply a new melt shop unit with a Consteel® EAF. The melt shop is scheduled to be put in operation at the end of 2011 in Phu My Industrial Zone, near Ho Chi Minh City.
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Danieli Caster in Operation at Usha Martin
Feb. 15, 2010 - A new twin-strand, 12-m-radius Danieli FastCast™ special steel bloom conticaster operates at Usha Martin’s new meltshop in Adityapur (Jamshedpur) in the State of Jharkand. Startup took place in September 2009.
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Injuries Down in ArcelorMittal Companies
Feb. 15, 2010 - In 2009, the total number of injuries with lost work days in ArcelorMittal Ostrava was nine, compared with a previous 21 injuries. The rolling mills of ArcelorMittal Frýdek-Místek reported no injury with lost work days last year.
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New Paint Shop for Ruukki's Unit in Jászberény
Feb. 15, 2010 - Ruukki plans to invest in a new paint shop and packaging-dispatch department to serve engineering customers at the Jászberény plant in Hungary. The paint shop is expected to come on stream in fall 2010.
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Rio Tinto Offers Update on Shanghai Employees
Feb. 12, 2010 - Rio Tinto has been advised that the People's Procuratorate has transferred the case relating to the four Shanghai employees, detained since July 5, 2009, to the Shanghai Number One Intermediate Court for trial. A trial date has not yet been set.
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New Danieli Special Steels Rolling Mill for Bhushan
Feb. 12, 2010 - Bhushan Power and Steel Ltd. has selected Danieli as supplier for its new 500,000-tonnes-per-year rolling mill plant to be installed in the state of Orissa, India, for production of specialty and engineering steel long products. Startup is scheduled for the end of 2010.
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Rautaruukki Celebrates 50 Years
Feb. 12, 2010 - February 11, 2010, marked the 50th anniversary of Rautaruukki's foundation. The company was founded by the Finnish State and seven major Finnish metal companies: Fiskars, Lokomo, Otanmäki, Outokumpu, Rauma-Repola, Valmet, and Wärtsilä.
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Posco Selected as Global Top 100 Company
Feb. 11, 2010 - Posco has been selected as a Davos Forum Global Top 100 Company, being recognized for its profitability as well as social responsibilities. Posco ranked 93rd, while GE ranked 1st in this year’s sustainable-management evaluation.
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Nippon Steel, Nippon Denko Strengthen Strategic Alliance
Feb. 11, 2010 - Nippon Steel Corp. and Nippon Denko Co., Ltd. have agreed to further strengthen the alliance between them to respond to further changes in the materials environment. Nippon Steel also decides to increase its holding ratio of Nippon Denko shares from 9.5% to 15%.
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worldsteel Works with UNEP Toward Low Carbon Society
Feb. 11, 2010 - The World Steel Association has joined the United Nations Environmental Program's Life Cycle Initiative as a Gold Sponsor. worldsteel will provide support for programs and initiatives that advance the development and refinement of life cycle analysis.
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worldsteel Announces steeluniversity Challenge Winners
Feb. 10, 2010 - The industry category winner of the fifth steeluniversity.org Challenge was a team from DragonSteel/China Steel Corp. of Taiwan, China, and the runner-up was a team from China’s Wuhan Iron and Steel Corp. The winner and the runner-up in the student category were both from China’s Wuhan University of Science and Technology.
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Böhler-Uddeholm Announces Management Changes
Feb. 9, 2010 - As part of the restructuring of the Böhler-Uddeholm Group, Heimo Stix, Member of the Management Board with responsibility for the High Performance Metals Division/Production, is terminating his employment with Böhler-Uddeholm AG as of March 31, 2010. Franz Rotter assumes responsibility for the post.
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SSAB Names New Head of Strategy
Feb. 9, 2010 - SSAB has appointed John Klint as Head of Strategy and Business Development, a newly created position within the company’s Group Executive Committee.
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JFE Steel, Mycron Steel Agree on Strategic Collaboration
Feb. 9, 2010 - JFE Steel Corp. and Mycron Steel Berhad, a Malaysian cold-rolled steel sheet manufacturer, have signed an agreement for strategic collaboration. JFE Steel also has acquired 3% of Mycron Steel’s outstanding equity.
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Posco Green Growth Committee Declares Emissions Reduction Goals
Feb. 9, 2010 - Posco has decided to cut down on carbon dioxide emissions by 9% based on the average of the three most recent years by 2020, as well as to reduce 14 million tonnes of social carbon emissions through manufacturing of energy-efficient steel products and green growth businesses.
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Linde Technology Helps ArcelorMittal Garner AIST Award
Feb. 9, 2010 - REBOX® oxyfuel technology developed and deployed by Linde North America has helped ArcelorMittal win the AIST 2009 Energy Achievement Award for its efforts to reduce fuel consumption by nearly two-thirds in the billet reheating operation at its Shelby, Ohio, seamless tube mill.
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ArcelorMittal South Africa Announces Changes to Board
Feb. 8, 2010 - ArcelorMittal South Africa has announced the appointment of Johnson Njeke, who has served as independent non-executive director on its board since January 2002, as full-time chairman. He replaces Dr. Khotso Mokhele. The company also welcomes Malcolm Macdonald as an independent, non-executive director to its board.
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Tata Steel Posts Production and Sales Growth
Feb. 8, 2010 - Tata Steel surpassed 600,000 tonnes monthly finished steel production for the first time in January 2010, with 607,000 tonnes of saleable steel representing an 11% increase over last January’s production of 548,000 tonnes.
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Severstal to Supply Large-Diameter Pipes for ESPO-II
Feb. 5, 2010 - Severstal will supply large-diameter pipes for the second phase of the East Siberia-Pacific Ocean (ESPO) oil pipeline. When completed, the pipeline will carry oil to Russia’s Far East and Asia-Pacific markets.
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Tenova to Supply Electrolytic Lines in China
Feb. 5, 2010 - Yi Chang Three Gorges Quan Tong Colored and Galvanized Plate Co. Ltd. has awarded contracts to Tenova for the supply of two high-speed Electrolytic Tinning Lines equipped with insoluble anodes technology and two high-speed Electrolytic Chromium Coating Lines.
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Siemens Modernizes Rolling Mill for Italian Structural Steelmaker
Feb. 5, 2010 - Feralpi Siderurgica SpA has placed an order with Siemens VAI Metals Technologies for a new intermediate mill for its rebar rolling mill No. 1. The plant will be able to roll billets with a larger cross-section when the modernization project is completed in fall 2010.
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Outotec to Deliver Sintering Technology for JSW Steel
Feb. 4, 2010 - Outotec has signed a contract for the delivery of sintering technology for JSW Steel Ltd.'s new iron ore sinter plant to be built in Toranagallu, India. The new plant is expected to produce annually around 2.3 million tonnes of iron sinter.
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ThyssenKrupp Hosting Final of Jugend Forscht
Feb. 4, 2010 - The 45th final of the German competition Jugend forscht (“young people researching”) is taking place in Essen in May 2010. For the third time, ThyssenKrupp is hosting the nationwide competition.
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Outokumpu Appoints Head of Tornio Works
Feb. 4, 2010 - Hannu Hautala has been appointed Senior Vice President - Tornio Works as of May 2, 2010, at the latest. He will report to CEO Juha Rantanen and will succeed Pekka Erkkilä, who has been temporarily responsible for Tornio Works since September 15, 2009.
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Outokumpu Products Have Small Carbon Footprint
Feb. 3, 2010 - Outokumpu cites the recent Life Cycle Inventory Study on Stainless Steel Production in the EU showing that its stainless steel products have the smallest carbon footprint, in general 10 to 20% smaller than the EU average.
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SMS Meer Commissions ERW Tube Welding Line at Arvedi
Feb. 2, 2010 - SMS Meer has successfully commissioned a 12-¾” ERW (electric resistance welding) tube welding line for heavy wall thicknesses at Arvedi Tube Acciaio S.p.A. in Cremona, Italy. The project was completed in one year.
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Sumitomo Wins Contract to Supply UOE Line Pipe
Feb. 1, 2010 - Sumitomo Metal Industries, Ltd. and Sumitomo Corp. have won a contract from Nord Stream AG to supply large-diameter welded (UOE) line pipes, coated on the inner and outer walls, for the Nord Stream Project.
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Tata Steel, NMDC Sign MOU for Iron Ore Resources
Feb. 1, 2010 - NMDC and Tata Steel have signed an MOU to explore possibilities of entering into joint ventures for the purpose of acquisition, exploration, and development of mines; extraction and processing of minerals; setting up integrated steel plants; and any other business that is of mutual interest.
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Baosteel, Shanghai Railway Bureau to Establish Strategic Cooperation
Jan. 28, 2010 - Baosteel Group Corp. recently signed a letter of intent for strategic cooperation with Shanghai Railway Bureau. The two will work together on trading and management of railway construction projects material supply and railway scrap steel recycling, among other areas.
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ArcelorMittal Makes Donation for Victims in Haiti
Jan. 27, 2010 - ArcelorMittal, through the ArcelorMittal Foundation, has donated 1 million USD to help the relief efforts in Port-au-Prince, Haiti, following the earthquake that struck the island earlier this month.
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Danieli to Supply Turnkey Direct Reduction Plants in MENA Region
Jan. 27, 2010 - After the successful startup of the 1.6 million tonnes per year Energiron DRI plant at Emirates Steel Industry minimill #1 in Abu Dhabi, Danieli is supplying two more new DRI plants under the Energiron technology worldwide license agreement.
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Ruukki to Deliver Shipbuilding Plates
Jan. 25, 2010 - Ruukki has signed a contract with STX Finland Oy's Rauma shipyard to deliver plates for a polar supply and research vessel, which has been ordered by the South African Department of Environmental Affairs.
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Posco Buys Stake in Roy Hill Holdings
Jan. 25, 2010 - Posco recently signed a cooperation agreement to buy a 15% stake in Roy Hill Holdings, which is currently leading the Roy Hill iron ore mining project in the Pilbara region of Australia.
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ISRA PARSYTEC to Supply Inspection Solution to Thai Producer
Jan. 25, 2010 - ISRA PARSYTEC has received a purchase order by the stainless steel producer ThaiNox Stainless PLC for a surface inspection system at its Annealing Pickling (APF) line in Rayong as well as a full license for the Quality Yield Management software.
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World Crude Steel Output Decreases by 8.0% in 2009
Jan. 25, 2010 - Despite a 13.5% year-on-year increase in crude steel production from China, world crude steel production decreased by about 8.0% in 2009 compared to 2008, with an estimated production total of 1220 million tonnes.
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Report Reveals Greater Ore Potential in Kemi Mine
Jan. 22, 2010 - Outokumpu says that the mineral resources in Kemi mine may turn out to be significantly greater than earlier estimated, based on a seismic research report by Geological Survey of Finland in late 2009.
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steeluniversity Challenge 2009/2010 Ready to Begin
Jan. 22, 2010 - The fifth steeluniversity Challenge, aimed at university and college students and new employees in the steel-industry supply chain, will begin on January 27 and run for 24 hours. This online competition uses steeluniversity.org website’s secondary steelmaking and plate rolling simulations.
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ArcelorMittal Kryvyi Rih Recognized for Environmental Protection
Jan. 21, 2010 - ArcelorMittal Kryvyi Rih has been named Environment Protection Leader 2009 within the “Ecology, environment, and nature management Ukraine” national project, for consistently introducing modern environmentally friendly technologies and equipment.
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MMK, TMK Extend Partnership
Jan. 20, 2010 - MMK and TMK have extended their partnership until 2015 in agreement with a memorandum on strategic cooperation signed in February 2007. Further cooperation was also discussed during a recent meeting, including collaboration regarding Mill 5000 products.
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Handan Orders Wire Rod Outlet from Siemens
Jan. 20, 2010 - Handan Iron & Steel Co. has ordered a wire rod outlet from Siemens VAI Metals Technologies for a rolling mill in its Handan Works. The new equipment will enable Handan to produce rods from 5 to 22 mm in diameter, with the capability to expand to 25-mm rod, and rebar from 6 to 16 mm.
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ArcelorMittal Supports Emergency Intervention in Haiti
Jan. 19, 2010 - The ArcelorMittal Foundation supports an intervention from the organization Médecins sans frontières for the victims affected by the earthquake in Port-au-Prince, Haiti. The Foundation will donate US$100,000 to enable this intervention, which aims to address the needs of around 70,000 people.
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Carrington Wire to Wind Down Business
Jan. 19, 2010 - Carrington Wire will implement a managed wind down of the business due to continuing losses resulting from a contraction of the steel-wire market. This move includes the closure of the Elland manufacturing plant over the coming months.
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Blast Furnace Construction Progressing at NLMK
Jan. 19, 2010 - Installation of the basic structures at Novolipetsk Steel’s new blast furnace #7, with 3.4 million tonnes annual capacity, has been completed. More than 30% of the work is finished.
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Siemens Upgrades Plate Mill at Xiangtan Iron & Steel
Jan. 19, 2010 - Siemens VAI Metals Technologies has received an order from Hunan Valin Xiangtan Iron & Steel Co. Ltd. to supply equipment for a PowerEdger and a pre-leveler. These new plant components will be installed in the 5-meter plate mill, located in Xiangtan, Hunan Province.
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Kobe Steel Begins Production using ITmk3 Process
Jan. 18, 2010 - The world's first commercial plant using Kobe Steel’s ITmk3 process successfully began production of iron nuggets in the United States on January 12. Production is expected to reach the facility's annual design capacity of 500,000 tonnes in mid-2010.
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Corus to Extend Teesside Operations
Jan. 18, 2010 - Corus agrees to the Trade Unions’ request to extend operations at Teesside Cast Products until all the raw materials currently on site have been consumed, or until the end of February, whichever is first.
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Posco Selects Employees to Work Abroad
Jan. 15, 2010 - Posco completes its selection of workers to be assigned to its overseas global units, including those in China, Japan, India, and Mexico, by the end of this year.
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ArcelorMittal Awards MORE an EAF Equipment Contract
Jan. 15, 2010 - MORE srl signs an agreement with ArcelorMittal South Africa for the installation of Module Technology chemical energy package equipment at the company’s Vanderbijlpark Works’ three electric arc furnaces. The contract was won by MORE in cooperation with Linde.
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Siemens to Upgrade Caster Capacity at Nizhny Tagil
Jan. 15, 2010 - Nizhny Tagil Iron & Steel Works contracts Siemens VAI Metals Technologies to increase the casting capability of its existing two-strand beam-blank/bloom combi-caster, CCM3, by an additional 300,000 tonnes/year.
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ArcelorMittal Ostrava Gives Pupils Interactive Boards, Computers
Jan. 14, 2010 - Representatives of ArcelorMittal Ostrava have given the basic school in Datyňská Street in Vratimov an interactive board with accessories worth CZK 95 thousand. Another school on Masaryk Square in Vratimov will receive five computer sets worth CZK 72 thousand.
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Corus to Consider Trade Union Proposal at Teesside
Jan. 14, 2010 - At the first meeting of the Teesside Cast Products (TCP) Joint Management and the Trade Union (TU) Task Force, Corus agrees to consider a TU proposal to extend TCP’s operating program and postpone partial mothballing to the end of February.
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Posco TRIZ University to Open
Jan. 12, 2010 - Posco plans to open Posco TRIZ University on February 1 to enhance creative problem-solving abilities of employees. The company plans to link the education with improvement in management results.
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Case Transfer for Rio Tinto Employees
Jan. 12, 2010 - Rio Tinto says the Chinese Public Security Bureau, which is investigating the four Shanghai employees detained on July 5, 2009, has transferred the case to the People's Procuratorate.
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SAIL Dealers Achieve Record Sales
Jan. 12, 2010 - During the first nine months of the current financial year, the Steel Authority of India Ltd. (SAIL) dealer network achieved sales of 417,000 tonnes—a year-over-year growth of 23%—and registered double-digit growth in each of the four regions.
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Posco to Continue Global Expansion
Jan. 11, 2010 - Posco plans to build more facilities in its foreign units this year to fulfill its goal of advancing to broader overseas markets. For example, the company plans to break ground in March on a new continuous galvanizing line plant in India with an annual capacity of 400,000 tonnes.
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Changes in Tata Steel Senior Management
Jan. 11, 2010 - Tata Steel recently announced changes to its senior management, effective from April 1, 2010, including the retirements of Arun Baijal, Group Director (Global Mineral Resources), and B K Singh, Vice President (Orissa project).
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Posco to Utilize IT Innovations to Reshape Business
Jan. 8, 2010 - Posco distributes smartphones to its directors and executive officers, enabling them to perform multiple tasks such as send e-mails, pay expenses, check schedules, and even search for people. The company plans to add more functions in the future.
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Outokumpu Executive to Join Outotec
Jan. 7, 2010 - Pekka Erkkilä, the Executive Vice President - General Stainless and a member of Outokumpu Group's Executive Committee, will join the Executive Committee of Outotec on May 1, 2010, at the latest.
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Baosteel Listed in CSR Report Honor Roll
Jan. 7, 2010 - At the recent "Responsible Communication Creates Value—the 2nd International Conference on CSR Reporting in China," Baosteel Group Corp.'s CSR report 2008 was listed in the 2009 GoldenBee CSR Report Honor Roll.
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Tata Steel Posts 49% Increase in Q3 Sales
Jan. 6, 2010 - For Q3 FY’10, Tata Steel's sales stood at 1,597,000 tonnes compared to 1,071,000 tonnes in the same period in FY’09, a 49% increase. Production of hot metal (+11%), crude steel (+15%), and saleable steel (+37%) all increased in Q3 compared to Q3 FY’09.
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Hyundai Steel Starts Operation of No. 1 Blast Furnace
Jan. 6, 2010 - Hyundai Steel Co. has started operation of its first blast furnace, holding a furnace lighting ceremony at its new integrated steel mill in Dangjin, South Korea. No. 1 blast furnace has an annual capacity of 4 million tonnes.
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Posco Family Award Created
Jan. 5, 2010 - Posco creates and starts operation of the Posco Family Award, an extended version of the Posco Man of the Year to be awarded to Posco family employees.
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SAIL Records Sales Increase in December
Jan. 5, 2010 - Steel Authority of India Ltd. achieves sales of 1.3 million tonnes in the domestic market during December, growth of 32% compared to December 2008.
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Posco to Invest 7 Trillion KRW in Green Growth
Jan. 5, 2010 - Posco announces plans to invest 7 trillion KRW in green growth sectors including synthetic natural gas, SMART nuclear reactors, wind power, fuel cell for power generation, and smart grid in support of its green growth vision of “Global Green Growth Leader”.
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NLMK Raises Funds to Finance Technical Upgrade Program
Jan. 4, 2010 - Novolipetsk Steel closes a credit agreement to finance the purchase of imported equipment guaranteed by leading export credit agencies. The €524 million facility will be used to finance the purchase of equipment upon 19 commercial agreements from seven leading European engineering companies.
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Ruukki Studies Options for Future of Mo i Rana Plant
Jan. 4, 2010 - Ruukki plans to reorganize operations at its Mo i Rana plant in Norway, which makes shipbuilding profiles and flange profiles for windmill towers. Ruukki will study the options available, including the partial or entire closure of operations, to correct the unit's financial performance.
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Fatalities at ArcelorMittal South Africa’s Newcastle Works
Jan. 4, 2010 - Four employees of ArcelorMittal South Africa lost their lives following an accident at its Newcastle plant in KwaZulu Natal on December 30. A fifth employee was hospitalized in stable condition. The employees were working on Basic Oxygen Furnace No. 3 when they collapsed as a result of a suspected gas leak.
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OJSC MMK Commissions Continuous Slab Casting Machine No. 6
Jan. 4, 2010 - OJSC Magnitogorsk Iron and Steel Works has commissioned Continuous Slab Casting Machine No. 6 in the oxygen-converter shop, marking a successive stage of Plate Mill 5000 complex development in order to produce plates for wide-diameter pipe production.
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Posco Chairman Awarded Jeong-Do Management Award
Dec. 30, 2009 - Posco Chairman Joon-yang Chung receives the Best CEO Award at the 2009 Korea Jeong-Do Management Awards sponsored by Korea Economy Daily and hosted by the Korea Business Institute.
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ArcelorMittal Supports Communities through Volunteer Work
Dec. 30, 2009 - ArcelorMittal held its second annual International Volunteer Work Day, organized by the ArcelorMittal Foundation, in early December. The event is held in the same week as the United Nations' International Volunteer Day.
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Baosteel Adjusts Magnetic Material Business
Dec. 30, 2009 - Baosteel Development Co. makes internal adjustments to its magnetic material business sector to pursue greater development of Baosteel brand magnetic materials. Shanghai Baosteel Tiantong Magnetic Materials Co., Ltd. is renamed Shanghai Baosteel Magnetic Materials Co., Ltd., due to Zhejiang Tiantong’s decision to withdraw its share.
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Linde to Construct Air Separation Unit at Russian Steel Plant
Dec. 30, 2009 - Linde has closed a long-term agreement with steel company ZAO Kaluga Research and Production Electrometallurgical Plant (KNPEMZ) to supply the company with industrial gases at its production site in Vorsino, which is 80 km southwest of Moscow.
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Outokumpu Appoints New Sales and Marketing EVP
Dec. 29, 2009 - Kari Parvento has been appointed Executive Vice President - Group Sales and Marketing and member of Outokumpu Group's Executive Committee as of May 1, 2010, at the latest. He will report to CEO Juha Rantanen and will succeed Bo Annvik.
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New UHSS Grades from Hoesch Hohenlimburg
Dec. 29, 2009 - Hoesch Hohenlimburg’s family of micro-alloyed, fine-grained structural steels adds four new members: HSM 550 HD, HSM 600 HD, HSM 650 HD, and HSM 700 HD. The HD grades are used by automakers and their suppliers to make complex precision-blanked and stamped parts.
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Vale, Dongkuk Start Construction Work at CSP
Dec. 29, 2009 - Vale and Dongkuk have started construction work at Companhia Siderúrgica do Pecém (CSP), the first integrated steel mill featuring a coking plant in Brazil's Northeast region. CSP is due to come on stream in 2013, with estimated annual output of 3 million tonnes of steel plates in the first phase.
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ArcelorMittal Supports Search for Paryavaran Ambassador
Dec. 28, 2009 - Dr. APJ Abdul Kalam, former President of India, has been selected by school-age children to be the first "Bharat ka Paryavaran Ambassador" in a campaign supported by ArcelorMittal to choose a spokesperson for children on sustainability.
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Outotec Increases Ownership in Ausmelt
Dec. 28, 2009 - Outotec has increased its holding in Australian public company Ausmelt Ltd. through market purchases and now holds 37.4% of all the Ausmelt shares. As a result, Ausmelt has become an associated company of Outotec.
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Posco-VHPC Begins Construction on Second Plant
Dec. 28, 2009 - Posco broke ground on December 17 for the construction of its second plant, which will process stainless steel and have an annual capacity of 50,000 tonnes, at Posco-VHPC in Vung Tau, Dong Nai Province, Vietnam. The plant is scheduled for completion in June 2010.
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SAIL Finance Director Recognized with Excellence Award
Dec. 24, 2009 - Steel Authority of India Ltd. Director (Finance) Shri Soiles Bhattacharya was conferred with the GSBA- Top Rankers Excellence Award 2009 under the Best Finance Professional category at a recent function held in New Delhi.
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Executive Changes Announced at Salzgitter
Dec. 24, 2009 - Ulrich Grethe has been appointed as member of the Executive Board of Salzgitter Stahl GmbH and chairman of the Management Board of Salzgitter Flachstahl GmbH as of January 1, 2010. He succeeds Johannes Nonn, who has switched to the Executive Board of Salzgitter AG.
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ArcelorMittal Makes Executive Appointments
Dec. 24, 2009 - ArcelorMittal has appointed Peter Kukielski to its Group Management Board, with responsibility for the group's global mining operations, and Phil Du Toit to its Management Committee, both effective January 1, 2010.
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JFE Steel to Blow in Blast Furnace at West Japan Works
Dec. 23, 2009 - JFE Steel Corp.’s No. 3 blast furnace at the West Japan Works (Kurashiki)—currently undergoing a revamping that started in October—will be blown in for a fourth operating cycle beginning in mid-February 2010.
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Krecké Appointed to ArcelorMittal Board of Directors
Dec. 22, 2009 - In replacement of Georges Schmit, who is stepping down on December 31, the Board has co-opted Jeannot Krecké as an interim board member starting January 1, 2010. Krecké’s full appointment will be proposed at the company’s Annual General Meeting in May.
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Mechel First among Russian Hardware Producers
Dec. 22, 2009 - Mechel OAO cites a report from Prommetiz, a Russian association of hardware producers, that states in October and November 2009 the two plants of Mechel’s steel division became the leaders in hardware production among member companies of the association.
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Tata Steel Launches Safety Mascot
Dec. 22, 2009 - Tata Steel aims to produce “injury-free steel” with help from its new safety mascot Jeevan, which is adorned with Personal Protective Equipment such as goggles, helmet, safety shoes, and jacket—mandatory gear before entering the Steel Works.
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JFE Steel to Acquire 20% Interest in Byerwen Coal Project
Dec. 22, 2009 - JFE Steel will acquire a 20% interest in the Byerwen Coal project from QCoal, which is expected to start production in 2012 in the northern Bowen Basin of northeastern Queensland, Australia. JFE Steel also will take annual delivery of 2.0 million tonnes of premium hard coking coal delivered from the Byerwen Coal project.
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World Steel Production up 24% in November
Dec. 22, 2009 - World crude steel production for the 66 countries reporting to the World Steel Association stood at an estimated 107.48 million tonnes in November 2009 — 5.2% lower than the previous month (October 2009) but 24.2% higher than November 2008.
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Köhler to Join Corus as New COO
Dec. 21, 2009 - Corus appoints Dr. Karl-Ulrich Köhler as its new Chief Operating Officer effective February 1, 2010. Köhler, 53, succeeds Rauke Henstra, who held the position until his retirement last year.
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Milestone for Posco-CSPC Accumulated Sales
Dec. 18, 2009 - Posco-CSPC achieved an accumulated sales mark of 1 million tonnes on December 16. It expects to achieve 300,000 tonnes in annual sales around December 21, which would make it the first Posco supply-chain management unit to reach that mark.
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Joint Taskforce Established for Teesside Mothballing
Dec. 18, 2009 - The National Steel Coordinating Committee and Teesside Multi-Union representatives have met with Corus to discuss the potential mothballing of Teesside Cast Products facilities. All parties have agreed to establish a joint taskforce to ensure that all alternatives to mothballing are fully examined.
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SMS group Increases Investment; Order Intake Slumps
Dec. 18, 2009 - The order intake of the SMS group in 2009 will drop to less than half of the EUR 5.15 billion in 2008. Capacity utilization has hardly been affected because the company is still working its way through a high stock of orders from the boom years.
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Tenova TAKRAF Surface Miners Commissioned, Released for Production
Dec. 17, 2009 - Two Tenova TAKRAF TSM 300 surface miners supplied to HWE Mining Pty Ltd. have been released for production at the Yandi Iron Ore Mine in Western Australia. During the initial startup and training period, the cutting capacity averaged from 480 to 1110 tonnes per hour.
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i2 Helps Transform Essar Steel’s Supply Chain
Dec. 17, 2009 - Essar Steel has implemented i2 Technologies’ planning solutions in its Indian operations to increase profitability, enhance customer satisfaction, and improve operational efficiency.
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Evraz Repays Loan to VEB
Dec. 17, 2009 - Evraz Group has repaid a US$800 million loan to Russia's State Corporation Bank for Development and Foreign Economic Affairs "Vnesheconombank” (VEB). The loan was provided to Evraz in December 2008 to refinance short-term debt to non-Russian banks.
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Sumitomo Metals Signs MOU with Bhushan Steel, Opens Liaison Office
Dec. 17, 2009 - Sumitomo Metal Industries, Ltd. has signed a memorandum of understanding with Bhushan Steel Ltd. in India to receive an OEM supply of steel sheets manufactured in its Orissa Steel Works. Sumitomo also opened a liaison office near Delhi to assist its expansion in India.
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Evraz Completes Acquisition of Vanady-Tula
Dec. 16, 2009 - Evraz Group’s wholly owned subsidiary, the Nizhny Tagil Iron and Steel Plant, has acquired 82.9% of the voting shares of OAO Vanady-Tula, a Russian producer of ferrovanadium.
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NLMK Upgrades Steelmaking Facilities
Dec. 16, 2009 - Novolipetsk Steel resumes production at its converter #2 after the upgrade of an emission system in the BOF shop #1. The company upgraded its converter #1 prior to this project, and it plans to begin the upgrade of converter #3 in March 2010.
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Corus Invests in French Steel Mill
Dec. 16, 2009 - Corus will invest €35 million at its rail production facility in Hayange, France, after securing a contract worth about €350 million to supply rails to French railway operator SNCF for the renewal and maintenance of the RFF (Réseau Ferré de France) tracks.
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Posco Donates Books to Overseas Korean Students
Dec. 14, 2009 - Posco recently donated books worth 25 million won to Pohang International School in Zhangjiagang, China. The school, established thanks to a donation from Posco, was completed in August and opened in September of this year.
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Ruukki to Improve Efficiency of Steel Service Center Network
Dec. 14, 2009 - Ruukki plans to improve operational efficiency by merging its Puurtajankatu steel service center with the Asponkatu steel service center in Järvenpää, Finland. The steel service centers in Seinäjoki and Raahe will be merged to form one organization, and operations at the Hyvinkää center will be reorganized.
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Two Posco Units to Share Market Info, Sales Systems
Dec. 11, 2009 - Two overseas units of Posco—Posco Vietnam and Posco China—agree to build a system aimed at mutual cooperation in the procurement of raw materials, the utilization of sales and financing systems, and the sharing of market information.
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Kobe Steel to Establish Welding Company in China
Dec. 11, 2009 - Kobe Steel, Ltd. plans to establish a company in Shanghai, China — to be called Kobe Welding of Shanghai Co., Ltd. — to market its welding products and welding robot systems in that country, and also provide maintenance services for the robot systems.
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Tikhvin Smelting Plant Gains ISO 9001:2008 Compliance
Dec. 11, 2009 - As a result of an audit conducted by TUV SUD, Tikhvin Smelting Plant (TFZ JSC) has obtained the certificate of compliance with the quality management system standard ISO 9001:2008. TFZ JSC is consolidated by Oriel Resources Ltd., which is Mechel OAO’s ferroalloy sub-holding.
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SAIL Receives Award for Corporate Responsibility
Dec. 10, 2009 - Steel Authority of India Ltd. was recently conferred with the eleventh NCPEDP-Shell Helen Keller Award, presented in the Role Model – Organization category for SAIL's commitment toward improving employability of disabled persons.
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Chinese Copper-Rod Producer Places Order with SMS Meer
Dec. 10, 2009 - Shandong Jinsheng has placed an order with SMS Meer for the supply of a complete continuous casting and rolling plant. The CONTIROD plant is the second of its kind supplied to Shandong Jinsheng, which has been using the technology since 2001.
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NLMK Establishes Long Products Management Company
Dec. 10, 2009 - NLMK has established a new subsidiary, LLC NLMK-Long Products, to enhance the management of its long products business. The new company’s functions include the operation of all business processes, financial and commodity flows of long products.
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ArcelorMittal Ostrava Employees Help Non-profits
Dec. 9, 2009 - ArcelorMittal Ostrava employees recently worked in 24 non-profit organizations within their company volunteering program. The 136 volunteers assisted in special elementary schools, charity homes, orphanages, hospices, social service centers, and at the Ostrava Zoo.
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Ruukki to Adjust Construction and Engineering Operations in Finland
Dec. 9, 2009 - Ruukki plans to streamline the organizational structure and operating model of its construction operations at plants in Vimpeli, Alajärvi, and Peräseinäjoki. It also plans to transfer the manufacture of engineering components from Peräseinäjoki to other units.
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MMK Phases-in New HSS Grades for Automotive
Dec. 9, 2009 - MMK's Rolling Shop #5 produced and shipped in November a trial lot of cold rolled strip from 220 strength class rephosphorized steel, which is characterized by a phosphorus content of up to 0.12%, to the Avtovaz car plant.
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worldsteel Calls for Iron Ore Competition Review
Dec. 9, 2009 - The World Steel Association has called for competition authorities to examine the impact of the proposed joint venture between Rio Tinto and BHP Billiton, noting that a consequence would be that almost 70% of world seaborne iron ore exports would be controlled by the new JV and Vale.
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Ruukki Signs Two Infrastructure Construction Contracts
Dec. 7, 2009 - Ruukki has signed a steel structure contract for the delivery of the foundation piles for the Särkijärvi bridge in Tampere, Finland. The company will also deliver almost 6 km of large diameter steel pipe piles fitted with rock shoes for the foundations of more than 20 bridges in the highway 5 improvement project in Kuopio, Finland.
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ZPSS Receives Environmental Incentives from City Government
Dec. 7, 2009 - Zhangjiagang Pohang Stainless Steel recently received environmental incentives from the Zhang Jiagang Municipal Government. The grant is given by provincial or municipal governments to companies with leading environmental protection practices.
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Broken Contract Leads to Mothball of Teesside Plant
Dec. 7, 2009 - Corus says that an international consortium has broken a binding contract that has led to the partial implementation of a proposal announced in May 2009, mothballing some of the facilities belonging to the Teesside Cast Products business in northeast England.
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Anti-Noise Screens Significantly Reduce Noise in Bartovice
Dec. 4, 2009 - ArcelorMittal Ostrava has erected three anti-noise screens that separate the Bartovice marshalling yard from the residential zone. A second stage of noise-reduction actions, planned for 2010, will include the erection of a fourth screen.
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ThyssenKrupp MetalServ Established
Dec. 4, 2009 - ThyssenKrupp Group has, within the Materials Services business area, reorganized and merged its central domestic materials trading business activities under ThyssenKrupp MetalServ GmbH, effective October 15.
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Redaelli Opens Wire Rope Production Facility in Italy
Dec. 4, 2009 - Redaelli has opened a new manufacturing facility in Trieste that will produce what it claims to be the largest wire ropes in the world. The facility will have the capacity to produce cables that weigh over 550 tonnes and are 175 mm in diameter.
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Union of Salaried Employees Starts Strike at Ruukki's Raahe Unit
Dec. 4, 2009 - Around 400 members of the Union of Salaried Employees TU started a strike on December 1, after failed negotiations between the Federation of Finnish Technology Industries and TU. The week-long strike affects Ruukki's operations at the Raahe Steel Works.
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Posco Sustainability Report Wins Gold Prize
Dec. 3, 2009 - Posco’s 2008 sustainability report has received the gold prize for the 2009 Spotlight Awards from the League of American Communications Professionals. The company also won a bronze prize in the Most Creative area.
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Severstal, SAP Form Long-Term Partnership
Dec. 2, 2009 - Severstal has launched an ERP (Enterprise Resource Planning) project across the company to implement SAP software. A fully functional ERP solution is planned to be rolled out over the next 24 months.
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BlueScope to Boost Capacity at Indonesian Plant
Dec. 2, 2009 - BlueScope Steel plans to complete construction of its second metallic coating line, with inline painting capability, at its plant in Cilegon, Indonesia. The company expects to commission the facility around mid-2011.
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Posco-Nippon Steel Joint Venture Completes RHF Factory
Dec. 2, 2009 - Posco-Nippon Steel RHF Joint Venture, Co., Ltd. completes construction of the Pohang-Gwangyang Rotary Hearth Furnace factory. The RHF factories constructed in the dump area of Pohang-Gwangyang Steelworks will use dust and sludge to produce 280,000 tonnes of direct reduced iron and hot briquetted iron.
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Mechel Commissions New Equipment at Subsidiary
Dec. 1, 2009 - Mechel OAO announces the completion of several investment projects at Mechel Campia Turzii plant in Romania, which is part of its East-European Steel Division. Three new production lines were launched at the plant.
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Corus Pilot Plant to Test CO2-Reducing Technology
Dec. 1, 2009 - Corus will test a new iron-making technology, called “Hisarna,” in a pilot plant project at its IJmuiden steelworks in the Netherlands. The technology reportedly has the potential to reduce CO2 emissions in blast furnace steelmaking by more than 50%.
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Startup of Simetal Gimbal Top Charging System at Tata Steel
Dec. 1, 2009 - The rebuilt blast furnace ‘C’ at Tata Steel’s Jamshedpur works India has been operating with new Siemens Simetal Gimbal Top charging systems since the end of September. Tata Steel is the first steelmaker to utilize this new charging system on a blast furnace.
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SAIL to Present the Hero Honda FIH World Cup 2010
Nov. 30, 2009 - The International Hockey Federation (FIH) and Hockey India announced recently that the Steel Authority of India Ltd. will be the Presenting Partner for the Hero Honda FIH World Cup 2010, to be hosted by India in March 2010.
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New President at Plannja; Other Appointments
Nov. 30, 2009 - Per Olof Stark assumes the position of President of Plannja AB beginning January 1, 2010. Stark is currently Head of Marketing at SSAB Plate in Oxelösund. The current President of Plannja, Anders Berg, will become Head of Supply Chain in the APAC business area.
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Rio Tinto Enters Two Agreements with IOH
Nov. 27, 2009 - Rio Tinto reaches an agreement with Iron Ore Holdings, enabling the sale of ore from IOH's Phil's Creek deposit to Rio Tinto under a mine-gate sale process. Rio Tinto has also entered an exclusive agreement with IOH to examine its Iron Valley deposit.
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Mechel Commissions New Integrated Steel Processing Facility
Nov. 25, 2009 - Mechel OAO recently held a ceremony for the commissioning of the integrated steel processing facility (ladle furnace) #3, the second part of the continuous casting machine No.4 complex project at the oxygen-converter shop of its Chelyabinsk Metallurgical Plant OAO subsidiary.
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SMS Siemag Receives Order from China
Nov. 25, 2009 - Hunan Xiangtou Goldsky Titanium Metal Co. Ltd. has placed an order with SMS Siemag for the supply of a 20-roll cold rolling mill for quality titanium strip. Annual production of 10,000 tonnes is expected.
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Three Designated to ThyssenKrupp Supervisory Board
Nov. 24, 2009 - The Alfried Krupp von Bohlen und Halbach Foundation intends to designate Dr. Gerhard Cromme, Dr. Kersten v. Schenck, and Federal Minister (retd.) Peer Steinbrück to the Supervisory Board of ThyssenKrupp AG.
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Mechel Subsidiaries Win Awards at Metal Expo
Nov. 24, 2009 - Mechel OAO subsidiaries, participating at the recent 15th Metal Expo 2009 international industrial exhibition, was awarded a diploma for professional presentation of services and goods and a cup for the best exposition, among other awards.
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Ruukki Receives Contract for Metso's Boiler Plant Project
Nov. 24, 2009 - Ruukki has been selected by Metso's Power business line to be the steel structure contractor for a boiler plant to be built for Kuopion Energia Oy. Delivery includes the manufacture and installation of the power plant frame and the envelope structures.
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Tenova Starts Up Two Consteel Plants in South Korea
Nov. 24, 2009 - Two new Consteel plants recently started up by Tenova in South Korea are part of the new 2.5 million tonnes per year capacity Hot Mill complex located in Asan Bay and owned by Dongbu Steel. Each Consteel plant is applied to a new 160-tonne Electric Arc Furnace.
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Outokumpu to Supply Stainless Steel to Stockholm Waterfront Project
Nov. 23, 2009 - The Stockholm Waterfront project's Congress Centre will incorporate a stainless steel façade, the stainless material supplied by Outokumpu. The material will be its duplex stainless steel with a half-matte surface to provide the desired level of reflectivity.
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JFE, JSW Agree on Strategic Collaboration
Nov. 23, 2009 - JFE Steel Corp. and JSW Steel Ltd. signed an agreement on November 19 to collaborate with each other in India in the area of automotive steel. The companies have also identified several other areas where possible collaboration can be explored in India in the future.
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Labrie Takes Home Swedish Steel Prize 2009 for Refuse Truck
Nov. 20, 2009 - Labrie Environmental Group has won this year’s Swedish Steel Prize with its new vehicle model, the Wittke Starlight. According to the jury, this entry illustrates “precise optimization” of all parts of the vehicle, which are made mainly of high-strength steel sheet.
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MMK Atakas Closes Financing for Integrated Flat Steel Facility
Nov. 20, 2009 - MMK Atakas has closed the long-term financing for the construction of its integrated flat steel making complex and related infrastructure facilities in Turkey. Designed annual capacity of the project is 2.3 million tonnes of flat steel products.
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Muthuraman Awarded 2009 IIM-JRD Tata Award
Nov. 19, 2009 - B. Muthuraman, Vice Chairman of Tata Steel, was recently awarded the prestigious 2009 IIM-JRD Award for Excellence in Corporate Leadership in Metallurgical Industries by The Indian Institute of Metals.
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SAIL, NMDC Sign MOU to Develop Limestone Mine
Nov. 19, 2009 - Steel Authority of India Ltd. and National Mineral Development Corp. have signed a memorandum of understanding to jointly develop the Arki mine, which has deposits of about 100 million tonnes of quality limestone.
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HADEED Signs Agreement with Danieli for Steel Plant Construction
Nov. 18, 2009 - Saudi Iron and Steel Co. (HADEED) has signed an agreement with Danieli for the construction of a steel plant and a production line for galvanizing long products in Jubail, Saudi Arabia. The new plant is scheduled to start-up in the second half of 2012.
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BlueScope Expects Slow Market Recovery
Nov. 17, 2009 - BlueScope Steel advises shareholders at its Annual General Meeting that worldwide market conditions are improving and steel demand is rising, but cautioned that the transition to recovery after the global financial crisis will be slow.
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Posco Begins Construction of Processing Center
Nov. 17, 2009 - Posco breaks ground on the Posco-Turkey Nilufer Processing Center, a new processing facility specializing in auto steel in the Hasanaga Industrial Complex near Nilufer, Turkey.
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Nippon Steel to Obtain Control of Latinusa
Nov. 17, 2009 - Nippon Steel decides to invest in Indonesian tinplate producer PT Pelat Timah Nusantara (Latinusa) in an attempt to capitalize on growing tinplate demand in Asia. Latinusa is expected to become a consolidated subsidiary of Nippon Steel.
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Tenova Celebrates 20 Years of Consteel
Nov. 17, 2009 - Tenova celebrates the twentieth anniversary of Consteel with an international event attended by 150 entrepreneurs and corporate executives from the world steel industry.
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Stalatube Expands Product Range to Stainless Flat Bars
Nov. 16, 2009 - Stalatube is expanding its product range to stainless flat bars to complement the current stainless steel structural tube products. The new flat bar manufacturing will require additional investment that will be implemented during Q4 2009.
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Essar Steel Completes Acquisition of Color Coating Facility
Nov. 16, 2009 - Essar Steel has completed the acquisition of steel assets of Shree Precoated Steels Ltd. The facility—claimed to be the only plant in India that uses near-infrared technology for color coating—has since become part of Essar Steel.
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Large Billet Saw Goes into Operation at Otto Fuchs
Nov. 16, 2009 - Hertwich Engineering successfully commissioned its largest billet saw to date at Otto Fuchs KG in September. This saw plant is designed to process cast billets with a diameter of 700 mm and weight up to 7 tonnes.
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SAIL Conducts Interactive Awareness Sessions
Nov. 12, 2009 - Steel Authority of India Ltd. organized various interactive sessions at its different plants and units across India as part of Vigilance Awareness Week, which focused on effective preventive measures through system improvements and use of IT to fight corruption.
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ThyssenKrupp Presents Automotive R&D Project
Nov. 11, 2009 - ThyssenKrupp engineers from the Steel Europe and Components Technology business areas have developed 35 innovations for auto manufacturers through the InCar research project. The first parts are being tested by customers for introduction into production.
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Ruukki is Steel Structure Contractor for E6 Project
Nov. 10, 2009 - Ruukki will deliver steel structures for three road bridges and a railway bridge for the E6 road project in Sweden. Fabrication of the bridges is scheduled to begin in late 2009, with the last installations scheduled for spring 2011.
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Tata Steel Registers Increases in Production, Sales
Nov. 10, 2009 - Tata Steel completed October with production increases of 17% for hot metal, 22% for crude steel, and 27% for saleable steel compared to the corresponding month of last year. It also recorded a 38% sales increase vs. last October.
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ThyssenKrupp GfT Gleistechnik to Supply Iraq’s Rail Network
Nov. 9, 2009 - ThyssenKrupp GfT Gleistechnik has been awarded by the Iraq Ministry for Transport and Railway Companies a contract for 30,000 tonnes of rails needed in the general renewal of the nation’s network. The 18-meter long rails, type UIC 60, will be shipped to Basra by the end of 2009.
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Outokumpu Awarded for Corporate Responsibility Reporting
Nov. 9, 2009 - Outokumpu has been ranked best in the Finnish corporate responsibility reporting review for the second time. The company's report focused on listening to stakeholders, the global economic downturn, climate change mitigation, wellbeing, and safety.
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SAIL Signs MOU with BITS-Pilani
Nov. 9, 2009 - Steel Authority of India Ltd. signs a memorandum of understanding with Birla Institute of Technology & Science, Pilani, focusing on the collaboration between the two institutions to promote academic and research interactions.
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Posco Develops Ultra High Strength Steel for Automobiles
Nov. 9, 2009 - Posco develops pickled and oiled steel sheets of 980-MPa-class ultra high strength steel that can withstand pressures of 100 kg/mm2, in response to the automotive industry trend to apply lightweight parts to increase fuel efficiency.
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Vale, Usiminas Partner on Rail and Port Logistics
Nov. 9, 2009 - Vale and steelmaker Usiminas sign contracts to transport 10.1 million tonnes of raw materials and finished products per year using Vale's logistics infrastructure. The contracts provide for the use of a port terminal and two railways for the next three years.
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Ruukki Expands into Turkey
Nov. 6, 2009 - Ruukki is to open its first sales office in Turkey, resulting in improved customer service and shortened delivery times. The company now has operations in 27 countries.
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BHP Billiton Opens Newman Mining Hub
Nov. 6, 2009 - BHP Billiton recently celebrated the official opening of the Newman Mining Hub at its Western Australia Iron Ore operations. The hub will be the center of the operations' mining, crushing, and screening activities in the Eastern Pilbara.
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voestalpine Stahlwelt Steel Exhibition to Open
Nov. 5, 2009 - voestalpine Stahlwelt, which opens November 7, is said to be a place where people can get to know steel and voestalpine as well as enjoy multimedia, hands-on experiences.
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SSAB to Introduce New Organization in New Year
Nov. 5, 2009 - SSAB will introduce a new organization as of January 1, 2010, comprising three geographic business areas: one for Europe, the Middle East, and Africa; one for North and Latin America; and one for Asia, Australia, and New Zealand.
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Mechel Announces New Appointments
Nov. 4, 2009 - Mechel OAO has appointed Viktor Dyshlevich as the new Chief Executive Officer for its East-European Steel Division, effective from October 26. He succeeds Vyacheslav Shmyga, who has taken the position of Chief Executive Officer for Mechel-Workshop ООО.
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EMF, ArcelorMittal Sign Agreement in Europe
Nov. 4, 2009 - The European Metalworkers’ Federation and ArcelorMittal’s European management sign an agreement with provisions for the restart of equipment as well as negotiated changes and opportunities to enhance employability for the company’s 115,000 workers in Europe.
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Zenith Steel to Expand Rod Mill Capacity, Product Range
Nov. 3, 2009 - Zenith Steel signs multiple contracts for two rod outlets, to be equipped by Siemens, for its new rod mills that will be located in Changzhou. After the new equipment’s installation, the mills will produce up to 150 tonnes per hour on each line.
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Harsco Receives Steel Mill Services Contract in Italy
Nov. 2, 2009 - Harsco Metals division has been awarded a new 10-year contract to provide a range of on-site services at the Lucchini Piombino steelworks in Italy. It expects to begin work in the second half of 2010.
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Rio Tinto Wins Nedbank Green Mining Award
Oct. 30, 2009 - Rio Tinto's QIT Madagascar Minerals has won the 2009 Nedbank Environmental Award, which honors a company that has made a significant effort in terms of protecting or improving the biophysical environment in which it operates.
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Tata Steel Mine Honored with National Safety Award
Oct. 30, 2009 - The National Safety Award was given to Tata Steel’s West Bokaro Division—an open cast mine—(Quarry South East) for holding the record of “lowest injury frequency rate” for the year 2007. It is the third consecutive year that the division’s safe work culture has been acknowledged nationally.
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Environmental Building Material from Baosteel Applied in Shanghai Tower
Oct. 30, 2009 - Slag micropowder, the new environmental protection building material developed by Baosteel, has been mass-applied in Shanghai Tower, the tallest building under construction in Asia. The application follows the material’s successful use in the Shanghai World Financial Center.
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Siemens to Supply Bhushan Power&Steel for Mill Expansion
Oct. 30, 2009 - Siemens VAI Metals Technologies has received an order from Bhushan Power&Steel to supply the drives and automation system for expansion of the company's compact hot rolling mill in Orrissa, India. Commissioning is scheduled for July 2010.
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Linde to Invest in Largest Air Separation Plant in India
Oct. 29, 2009 - The Linde Group will build and commission a 2550-tonnes-per-day air separation unit at Tata Steel's plant in Jamshedpur, India. Once commissioned in early 2012, it will be the largest air separation plant in India and one of Linde's largest in Asia.
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voestalpine Stahl Modernizes Hot Strip Mill in Linz
Oct. 28, 2009 - At voestalpine Stahl in Linz, Austria, Siemens VAI Metals Technologies has replaced the existing coiler 3 on the hot strip mill with a completely new coiler system, which will help voestalpine expand its hot strip product range.
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HFI Tube Welding Line in Operation at Thisvi Pipeworks
Oct. 28, 2009 - In the Thisvi Pipeworks in Greece, Corinth Pipeworks has produced the world's first 26-inch longitudinally welded pipe by using the High Frequency Induction (HFI) process. During a three-week shutdown, the line was extended jointly by Corinth and SMS Meer to allow production of the pipes.
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Largest Assel Mill Commissioned at Hubei Xin Yegang
Oct. 27, 2009 - Hubei Xin Yegang has rolled the first tube on what is claimed to be the world’s largest Assel mill supplied by SMS Meer, which received the order to supply the mill in July 2007. Erection began in May 2009
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NLMK to Lower Energy Intensity of Steel Production
Oct. 27, 2009 - Novolipetsk Steel claims it will lower specific steel production energy intensity by 9% to 5.75 Gcal/tonne within three years by increasing in-house energy generation with the full use of secondary fuel gases, among other actions.
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Posco C&C Signs MOU with AP Exhaust Products
Oct. 26, 2009 - Posco C&C signs a memorandum of understanding with AP Exhaust Products to supply 30,000 tons of its Alcosta aluminum-coated steel per year, which will be used to make car mufflers.
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Ruukki Metals to Reduce Workforce in Finland
Oct. 26, 2009 - Ruukki Metals is to initiate employer-employee negotiations regarding workforce reductions and temporary layoffs in an effort to improve long-term efficiency and profitability and to adjust operations to weak market conditions.
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NLMK Commissions New Hot-Dip Galvanizing Line
Oct. 23, 2009 - NLMK commissions the fourth hot-dip galvanizing line with an annual capacity of 300,000 tonnes at its Lipetsk production site. The thinner galvanized steel will allow the company to expand its product mix.
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SAIL Chairman Receives Excellence Awards
Oct. 22, 2009 - Prime Minister Manmohan Singh confers the SCOPE Award for Excellence under the “Individual” category on Steel Authority of India Ltd. Chairman S.K. Roongta, along with three other major awards for the company.
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Posco Again Recognized for Sustainability Report
Oct. 19, 2009 - At the Korean Sustainability Conference 2009 on October 14, Posco’s sustainability report won the grand prize in the manufacturing sector. It was the second consecutive year Posco has won the award.
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Harsco to Recycle Slag from Austrian Mills
Oct. 16, 2009 - Harsco enters new 10-year agreements between Harsco Minerals and two of Austria's leading stainless and specialty steel producers to recycle their metal-making slag into commercial applications.
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Tenova to Supply Carbon Baking Furnaces in China
Oct. 13, 2009 - Sinosteel Advanced Materials and Tenova LOI Italimpianti, together with LOI Thermprocess (Tianjin) for local manufacturing, sign a contract for the turnkey supply of three car bottom type furnaces and one central incinerator system to be installed at Sinosteel in Zhejiang Province, P.R. China.
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Posco, Metinvest Sign MOU to Seek New Business Opportunities
Oct. 13, 2009 - Chairman Joon-yang Chung signs an MOU for cooperation with Metinvest Holdings, Ukraine’s largest steel company, as part of Posco’s plan to seek new business opportunities in the areas of raw materials development and the steel industry.
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Swedish Steel Prize Finalists Selected
Oct. 12, 2009 - Innovations from Europe and North America have been nominated for the 2009 international Swedish Steel Prize design award, to be presented on November 18 in Stockholm.
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voestalpine to Supply Porsche with Structural Components
Oct. 9, 2009 - voestalpine Polynorm and voestalpine Gutbrod have jointly been awarded an order by Porsche to supply safety-related components, floor structures, and other structural components for Carrera, Boxster, and Cayman models.
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SAIL Receives Awards for Innovation
Oct. 8, 2009 - Steel Authority of India Ltd. is presented 14 of the total 28 Vishwakarma Rashtriya Puraskar awards presented by the Government of India for performance year 2007.
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Sumitomo Metals Conducts Disaster Training
Oct. 5, 2009 - Sumitomo Metal Industries conducts training based on the premise that a major earthquake has hit the Tokyo metropolitan area. All 600 directors and employees who work at the Tokyo head office participated in the exercise.
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JSW Steel Expands Retailing Network to Chhattisgarh
Oct. 2, 2009 - JSW Steel has expanded its pan-India steel-retailing footprint to Chhattisgarh, with the first branded JSW Shoppe retail showroom in the state and in Bilaspur through its authorized distributor M/S Hanuman Hardware Store.
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Mechel Changes Name of Subsidiary
Oct. 1, 2009 - The name of Mechel OAO’s subsidiary, Mechel Management OOO, has been changed to Mechel-Steel Management Co. OOO, effective September 14.
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Vallourec Subsidiary to Acquire DPAL FZCO
Sep. 29, 2009 - Vallourec’s fully owned subsidiary VAM Drilling has reached an agreement to acquire Dubai-based DPAL FZCO, a supplier of drill pipes that is owned by Soconord Group. The move strengthens VAM Drilling’s presence in the Middle East.
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Konecranes Closes Factory in Ettlingen, Germany
Sep. 29, 2009 - Konecranes will close down its production facility in Ettlingen, Germany, by March 31, 2010, affecting about 85 employees in crane production and assembly, component production, and plant administration.
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Essar Opens First Hypermart in Goa
Sep. 25, 2009 - Essar Steel has set up its first Essar Hypermart in the state of Goa, which will primarily serve the barge industry, general engineering, and fabrication industry.
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Corus Increases Engineering Steels Prices
Sep. 25, 2009 - Corus announces price increases on engineering steels, wire rod, bar, and narrow strip as apparent demand improves and as destocking comes to an end.
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Mechel Announces New Appointments
Sep. 23, 2009 - Mechel OAO announces the appointment of Boris Sedelnikov as the new Managing Director of Korshunov Mining Plant OAO.
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Posco Again Recognized for Sustainable Management
Sep. 21, 2009 - Posco has been selected as the sustainability leader in the steel business by the SAM-Dow Jones Sustainability Index for 2009, achieving the highest marks for Economy, Environment, and Social Performance categories.
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Posco Breaks Ground for Steel Processing Center
Sep. 21, 2009 - Posco starts construction on Posco-CLPC at the EU Economic Development Zone in Shenyang, laying the groundwork for securing a sales channel for automobile steel sheets in China.
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Vale Obtains Approval to Acquire Corumbá Asset
Sep. 17, 2009 - Vale S.A. has obtained the approval of the Brazilian National Defense Council to acquire the Corumbá iron ore mining operations, located in state of Mato Grosso do Sul, Brazil.
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Apprenticeship Year Begins at ThyssenKrupp Nirosta
Sep. 17, 2009 - Eighty-two apprentices have begun vocational training at ThyssenKrupp Nirosta’s Bochum, Düsseldorf-Benrath, Dillenburg, Dahlerbrück, and Krefeld plants, taking the total number of apprentices in training in the Nirosta group to 326.
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Evraz Applies for Admission to Listing of GDRs and Bonds
Sep. 16, 2009 - Evraz Group S.A. has made a block listing application for the admission of up to 93,399,999 global depositary receipts to the Official List of the UK Listing Authority and to trading on the regulated market of the London Stock Exchange. It also applied for US$650 million senior unsecured convertible 7.25% bonds due 2014 to be admitted.
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China Armco Metals Finalizes Contract to Supply Iron Ore
Sep. 16, 2009 - China Armco Metals announces that its wholly owned subsidiary Armco Metawise has completed delivery of iron ore to a China-based steel company pursuant to a contract that will generate about $8 million of sales in the third quarter of 2009.
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ArcelorMittal Closes Maputo Rolling Mill
Sep. 15, 2009 - ArcelorMittal South Africa confirms the closure of its Maputo rolling mill on September 4. In the 2008 financial year, ArcelorMittal Maputo produced 5150 tonnes at a significant loss for the company.
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JSW Posts 53% Increase in Crude Steel Production
Sep. 9, 2009 - JSW Steel Ltd. again reported its highest-ever monthly crude steel production of 0.521 million tonnes in August 2009, besting the previous record of 0.502 million tonnes posted just last month.
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Corus to Up Prices for Sections and Plate
Sep. 8, 2009 - Corus is increasing prices for sections by £25/tonne, commodity plate by £30/tonne, and non-commodity plate by £40/tonne as demand improves for steel long products and as raw materials costs increase.
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ArcelorMittal Seeks Joint Control of Indian Re-roller
Sep. 8, 2009 - ArcelorMittal announced its intention to launch a tender offer on September 7 for the acquisition of 29.4% shares in Uttam Galva Steels Ltd., a Western India-based producer of cold rolled steel, galvanized products (plain and corrugated), and color coated coils and sheets.
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Outokumpu Restructures Tube Business
Sep. 4, 2009 - Outokumpu is selling parts of the production in Jakobstad, Finland, and optimizing the utilization of the production lines within its Stainless Tubular Business Unit.
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SMS Siemag to Supply VD/VOD Facility to Dedini
Sep. 3, 2009 - Dedini S/A Indústrias de Base, Brazil, awards order to SMS Concast to supply a 30-/35-tonne vacuum degassing/vacuum oxygen decarburizing facility for its Piracicaba works.
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Timken Collaborates with Daido to Expand in Asia
Sep. 3, 2009 - The Timken Co. is now able to more readily offer its high-performance, premium engineered steel solutions to customers in Asia thanks to an initial five-year agreement with Daido Steel Co. Ltd.
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Tata Steel Recognized for Contribution to Sports
Sep. 2, 2009 - Tata Steel Ltd. has received two awards in the categories of “Community Sports Identification and Nurturing of Budding Young Talent” and “Establishment and Management of Sports Academies of Excellence.”
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Mukherjee Steps Down from ArcelorMittal Board
Sep. 2, 2009 - ArcelorMittal announces that Malay Mukherjee has stepped down from the Board of Directors to pursue other interests. He joined the board in May 2008 after a long and distinguished career in ArcelorMittal's senior management.
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NLMK Completes Water-Supply System Upgrades
Sep. 1, 2009 - A large-scale refurbishment of the process water supply system and the introduction of a new circuit have enabled Novolipetsk Steel to discontinue the discharge of industrial effluents into the Voronezh River, while decreasing consumption of river water by three times.
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Global Steel Team to Develop Next-Generation Vehicle Concept
Sep. 1, 2009 - WorldAutoSteel, supported by AISI’s Steel Market Development Institute, is launching Phase 2 of its Future Steel Vehicle program aimed at helping automakers optimize new propulsion technologies. Phase 2 vehicle concepts, to be completed in 2010, will provide optimized steel designs that meet or exceed future environmental, fuel economy, safety, and weight standards.
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Bharat Refractories Merges with SAIL
Aug. 31, 2009 - With BRL becoming a captive unit of Steel Authority of India Limited following the merger, the steelmaker will be able to utilize the excess capacity of BRL for its present and future requirement of refractories.
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Voestalpine Abandons Shortened Hours at Linz Site
Aug. 31, 2009 - voestalpine Group’s Steel Division is able to phase out short working hours at its Linz plant, effective by August 31, due to an increase of capacity utilization for the coming months.
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PSI Acquires Austrian Group AIS
Aug. 28, 2009 - With the acquisition, PSI has more than 280 specialists for the global support of production processes in the metals industry.
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NLMK Revamps High-Capacity Slab Caster
Aug. 28, 2009 - Novolipetsk Steel has commissioned its continuous casting machine (CCM-7), with a capacity of 2 million tonnes per annum, after revamping at the company’s Lipetsk production site.
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Tata Steel Group Reports First Quarter Results
Aug. 28, 2009 - Tata Steel Group declares unaudited Consolidated Financial Results for its fiscal first quarter, including a 22% increase in sales volume for the company’s Indian operations vs. the year-ago first quarter.
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Mechel Establishes Office in South Korea
Aug. 26, 2009 - Mechel OAO has established an official representative office in Seoul, the Republic of Korea, claiming it to be the first such Russian office in the mining and metals industry in the country.
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ThyssenKrupp Helps Safeguard Jobs for Skilled Workers
Aug. 25, 2009 - Since July, ThyssenKrupp Nirosta and the employment agency Agentur für Arbeit Krefeld have implemented a new approach in Germany to safeguarding jobs for skilled workers who have completed their apprenticeships.
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Essar Opens Hypermart in Agra
Aug. 24, 2009 - Essar Steel opens an Essar Hypermart in the city of Agra, as part of its philosophy to make steel available to end users close to the user point.
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July World Steel Production Highest of the Year
Aug. 21, 2009 - World crude steel production for the 66 countries reporting to the World Steel Association was 103.9 million tonnes in July — down 11.1% compared to the same month last year but still the highest monthly production figure posted in 2009.
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Evraz Offer for Delong Lapses
Aug. 19, 2009 - Evraz Group’s put and call options expire on its previous share purchase agreement to acquire up to 51% of steelmaker Delong Holdings Limited, China.
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BlueScope Steel Reports FY2009 Results
Aug. 18, 2009 - BlueScope Steel announced a reported net loss after tax (NLAT) of A$66 million and an underlying net profit after tax (NPAT) of A$56 million for its FY2009.
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ThyssenKrupp Reports Third Quarter Results
Aug. 17, 2009 - ThyssenKrupp reports a pretax loss of €(772) million on sales of €9.3 billion for the third quarter, and a pretax loss of €(987) million on sales of €30.7 billion for the first nine months of its fiscal year 2008/2009.
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Arvedi ESP Line Starts Endless Strip Production
Aug. 13, 2009 - Arvedi ESP commences endless production of hot-rolled coils in a thin-slab casting/rolling plant directly from liquid steel using Arvedi technology implemented by Siemens VAI Metals Technologies.
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Mechel, Mitsui Sign Memorandum of Cooperation
Aug. 11, 2009 - Mechel OAO signs a Memorandum of Cooperation with Mitsui covering marketing and sale of metal and related resources as well as joint investment projects in primary goods production.
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Posco-CSPC Sets New Monthly Sales Record
Aug. 10, 2009 - Posco’s automotive center in China achieves a monthly sales volume of 35,100 in July, its highest monthly sales total since operations began in 2004.
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Posco Sets New Record for Mega Blast Furnace Restart
Aug. 6, 2009 - Posco’s No. 4 Blast Furnace in Gwangyang works resumed to its normal operation capacity within the first three days of operation, a significant accomplishment for a large blast furnace of over 5500 m3.
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BHP Billiton Announces New Chairman
Aug. 5, 2009 - The BHP Billiton Board announces that Jac Nasser will succeed Don Argus as Chairman when Argus retires as Chairman and Non-executive Director in early 2010.
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Severstal Releases 2nd Quarter Operational Results
Aug. 3, 2009 - Severstal reports the production of 3.813 million tonnes of crude steel in the second quarter, a 28% decrease compared to 5.271 million tonnes in the year-ago second quarter and a 0.4% increase from 3.797 million tonnes in the previous quarter.
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ArcelorMittal Reports 2nd Quarter 2009 Results
Jul. 30, 2009 - ArcelorMittal reports a net loss of $792 million on sales of $15.176 billion for the second quarter, and a net loss of $1.855 billion on sales of $30.298 billion for the six months ended June 30, 2009.
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Posco Restarts No. 4 Blast Furnace at Gwangyang
Jul. 29, 2009 - Posco celebrates the restart of the refurbished 5500-cubic-meter No. 4 Furnace at its Gwangyang Plant, which is to produce some 14,000 tonnes of steel per day, making it the world’s largest blast furnace in terms of daily production.
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Vale to Expand Stake in New CSA Slab Plant
Jul. 24, 2009 - Vale and ThyssenKrupp Steel sign MoU for Vale to increase its stake in ThyssenKrupp CSA Siderúrgica do Atlântico to 26.87% through a capital infusion of € 965 million.
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VIZ–Stal Implements Modernization Program
Jul. 22, 2009 - VIZ-Stal, NLMK’s Ekaterinburg-based subsidiary, implements a supplementary investment program for the reconstruction of a number of its production facilities.
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Siemens VAI Starts up Vertical Slab Caster at Baosteel
Jul. 21, 2009 - Siemens VAI Metals Technologies starts up and commissions a new vertical slab caster at Baosteel's Special Steel Branch in Shanghai capable of producing a wide range of high- and ultra-high-alloyed carbon, special and stainless steel grades.
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YTD09 World Steel Production Still Down 21% through June
Jul. 21, 2009 - World crude steel production for the 66 countries reporting to the World Steel Association stood at an estimated 99.8 million tonnes in June 2009 — 4.1% above the previous month but still 16% lower than the same month of 2008.
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ArcelorMittal Receives Positive Response to Request for Covenant Amendment
Jul. 20, 2009 - ArcelorMittal announces a positive outcome to the covenant amendment request to existing lenders in the EUR17,000,000,000 Credit Facilities, the USD4,000,000,000 Revolving Credit Facility and the USD3,250,000,000 Forward Start Facility.
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SAIL Inaugurates New Slab Caster Complex at Bhilai
Jul. 15, 2009 - SAIL celebrates the dedication of a new 0.8-million tonne slab caster complex in Bhilai Steel Plant’s SMS-II, and lays the foundation stone for a new 4-million tonne per year SMS-III complex, also at Bhilai Steel Plant.
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JSW Steel Expands Retailing Network in Gujarat
Jul. 15, 2009 - JSW Steel further expands its footprint into pan-India steel retailing with the inauguration ofits third exclusive branded retail showroom in Gujarat and the second in Mehsana.
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Mechel Refinances Short-Term Credit Facilities
Jul. 14, 2009 - Mechel OAO signs agreements to refinance short-term credit facilities totaling $2.6 billion US dollars the company had raised to purchase assets in Yakutia and Oriel Resources Ltd. (Great Britain).
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Corus Could Cut More Jobs at Scunthorpe
Jul. 10, 2009 - Corus announces that an additional 366 positions are at risk at its Scunthorpe site in North East England as the company continues to try to balance labor costs with anticipated demand.
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Posco-IDPC Breaks Production Record
Jul. 9, 2009 - Posco-IDPC celebrates the successful processing of steel at the rate of 8000 tonnes a month, as it continues to work toward its goal of producing 9000 tonnes of steel per month by the end of the year.
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ArcelorMittal Confirms Covenant Discussions
Jul. 9, 2009 - ArcelorMittal confirms that it is in advanced discussions with its principal bankers regarding possible changes to the financial leverage covenant in its main banking facilities.
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Aker Wirth Adopts New Name, New Identity
Jul. 3, 2009 - Wirth Maschinen- und Bohrgeräte-Fabrik GmbH changes its name to Aker Wirth GmbH, reflecting its change of ownership earlier this year when it became a fully controlled subsidiary of Aker Solutions.
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NLMK Quality Management System Passes ISO-TU 16949:2002 Audit
Jun. 30, 2009 - Novolipetsk Steel passes the second audit of its Quality Management System for compliance with the requirements of ISO/TU 16949:2002, which focuses on requirements for the application of ISO 9001:2002 in the automotive industry and relevant spare parts.
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Corus Plans Additional Job Cuts
Jun. 26, 2009 - Citing further deterioration in steel demand, Corus announces plans to lay off up to an additional 2045 employees, building on the restructuring program the company had originally announced in January 2009.
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JSW Steel Expands Retail Network in Haryana
Jun. 23, 2009 - JSW Steel further expands its footprint in India with the inauguration of a fourth exclusive branded retail showroom operated by authorized distributor M/s Shree Gopala Alloys at Hisar.
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World Steel Production Rebounds in May 2009
Jun. 22, 2009 - World crude steel production for the 66 countries reporting to the World Steel Association stood at an estimated 95.6 million tonnes in May 2009 — 7.4% above the previous month but still 21% lower than May 2008.
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NLMK Recognized as Best Russian Exporter
Jun. 18, 2009 - The Russian Federation Ministry of Industry and Trade recognizes Novolipetsk Steel as ‘Best Exporter in Industry’ as part of the 2008 Best Russian Exporters competition.
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ArcelorMittal to Increase Share Capital
Jun. 18, 2009 - ArcelorMittal shareholders approve a proposal to increase the company’s authorized share capital during this week’s Extraordinary General Meeting of shareholders in Luxembourg.
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MMK Reports Net Loss for Q1 2009
Jun. 15, 2009 - Magnitogorsk Iron and Steel works reports a net loss of US$110 million on sales of US$965 million for the first quarter of fiscal 2009.
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ArcelorMittal Ostrava Announces New Director General
Jun. 3, 2009 - ArcelorMittal Ostrava announces the nomination of Augustine Kochuparampil as the company’s new Director General, filling the position of Sanjay Samaddar, who has been nominated to the position of CEO–Flat Carbon Europe Business Division East and CEO–ArcelorMittal Poland.
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Siemens to Modernize Hoesch Hohenlimburg Medium Strip Mill
Jun. 1, 2009 - Siemens VAI Metals Technologies will modernize Hoesch Hohenlimburg's medium-strip rolling mill, including renewal of the mill’s basic and process automation systems and the roughing stand’s servo-hydraulic control equipment.
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Posco Opens New Processing Center in Japan
Jun. 1, 2009 - Posco opens a second Posco-Japan Kyushu Processing Center plant in Kyushu, Japan, that is expected to offer logistics services for a maximum of 400,000 tonnes of steel products per year.
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Saldanha Works Experiences Incident at its Corex Unit
May 28, 2009 - ArcelorMittal South Africa’s Saldanha plant experiences an accident at its Corex facility that may have been caused by a leak of liquid iron through the furnace shell. No one was injured during the incident.
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World Steel Production Dips Again in April 2009
May 21, 2009 - World crude steel production for the 66 countries reporting to the World Steel Association stood at an estimated 89.5 million tonnes in April 2009 — 23.6% lower than for the same month of 2008, and 2.9% below the previous month.
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Gerdau Reports First Quarter Results
May 12, 2009 - Gerdau reports first quarter net income of R$ 35 million on revenues of R$ 7.7 billion, reflecting the significant impact of the ongoing contraction in world steel demand.
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Ruukki Concludes Negotiations at Kalajoki Unit
May 11, 2009 - Rautaruukki concludes employer-employee negotiations at the Kalajoki unit in Finland, where 35 employees will be transferred to the Ruukki Engineering division; the negotiations also resulted in 12 redundancies.
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Rautaruukki to modernize Raahe Works Blast Furnaces
Apr. 27, 2009 - Rautaruukki has decided to modernise the two blast furnaces at its Raahe Works in Finland during 2010 and 2011. In the same context, the company will also make environmental investments to significantly reduce adverse environmental impacts and energy consumption at the works.
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Commerce to Issue Duties on Welded Steel Line Pipe from China
Apr. 27, 2009 - The U.S. Department of Commerce will issue an antidumping duty order on imports of circular welded carbon quality steel line pipe from China, following the ITC’s finding of material injury due to imports of these products from China.
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Mechel to Acquire Bluestone Coking Coal Assets
Apr. 23, 2009 - Mechel OAO will acquire 100% of the shares and interests of the coking coal assets of West Virginia based Bluestone Industries, creating one of the largest global producers of coking coa
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Stainless, Specialty Steel Imports Still Down Through January 2009
Apr. 20, 2009 - Total stainless imports reached 20,156 tons through January 2009, a 50.1% decrease compared to YTD January 2008, according to the latest report from SSINA. Total specialty imports reached 37,080 tons through the same period, a 39.8% decrease compared to YTD January 2008.
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Vale Sells its Stake in Usiminas
Apr. 17, 2009 - Companhia Vale do Rio Doce concludes the sale of its 5.89% common share stake in Usiminas to a shareholder group including Camargo Corrêa, Mitsubishi Corp., Nippon, and Votorantim.
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MMK Renews Commitment to Modernization Effort
Apr. 8, 2009 - Magnitogorsk Iron and Steel Works renews its commitment to ongoing modernization efforts, which include a rolling mill upgrade as well as installation of a new slab caster and new secondary steel treatment unit.
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LKAB Announces Further Production Cutbacks
Apr. 3, 2009 - LKAB announces plans to extend the planned summer production outage for its iron ore mines and pelletizing plants, and said it also will close two of its plants for one year.
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NLMK Commences Construction of New Blast Furnace
Mar. 30, 2009 - Novolipetsk Steel begins assembly for Blast Furnace No. 7 steel structures. The new production facility, with capacity of 3.4 million tonnes of hot pig iron per year, is the first to be constructed in Russia in 20 years.
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Siemens Modernizes Ferriera Valsabbia Rebar Rolling Mill
Mar. 25, 2009 - Siemens VAI Metals Technologies helps expand annual production capacity of Italian steel producer Ferriera Valsabbia with the installation of a hot-charging system for billets as well as a system for single-bar high-speed delivery.
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OAO Severstal Boosts Plant Safety Performance in 2008
Mar. 24, 2009 - Severstal’s Russian Steel division reduces job-related incidents by 37% in 2008, thanks to the investment of RUR 330.1 million and the execution of more than 250 actions to improve industrial and fire safety as well as workplace labor conditions at its Cherepovets Steel Mill.
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World Steel Production Continues Plunge through February 2009
Mar. 24, 2009 - Figures released by the World Steel Association (known formerly as the International Iron and Steel Institute) show that world crude steel production for the 66 countries reporting stood at an estimated 83.85 million tonnes in February 2009
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Steel Shipments Down 50.5% in January
Mar. 23, 2009 - U.S. steel mills shipped 4,576,000 net tons for the month of January 2009, 50.5% decrease from January 2008, according to the latest report from AISI.
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ThyssenKrupp Restructures Business, Realigns Leadership
Mar. 20, 2009 - ThyssenKrupp announces sweeping changes to its organization this week, including the resignation of two key executives, streamlining of its five businesses segments into just two, and the reduction of its Executive Board from eight down to five.
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NLMK Implements Staff Retraining Programs
Mar. 18, 2009 - Novolipetsk Steel launches employee retraining initiatives that should help the company to avoid redundancy measures and train its staff to carry out equipment repairs and in-house maintenance while also boosting employment security for its employees.
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Ruukki Conducts Negotiations for Layoffs in Ruukki Metals, Ruukki Construction
Mar. 18, 2009 - Rautaruukki's Ruukki Metals division initiates employer-employee negotiations to temporarily lay off salaried personnel, as the company’s Ruukki Construction division concludes employer-employee negotiations for reduction of workforce and temporary lay-off of personnel at a number of units in Finland.
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Rio Tinto Appoints New Chairman
Mar. 18, 2009 - Rio Tinto announces the appointment of Jan du Plessis as Chairman of the Boards, effective with the conclusion of the company’s Annual General Meeting in April.
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NLMK and DBO Holdings Sign Settlement Agreement
Mar. 12, 2009 - Novolipetsk Steel signs settlement agreement with DBO Holdings regarding the companies’ dispute over NLMK’s proposed acquisition of John Maneely Co., a U.S.-based producer of steel pipe and tube.
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Evraz Announces New Executive Appointments
Mar. 11, 2009 - Evraz Group SA announces the appointment of Alexander Boreyko as Director of Investor Relations, and Sergey Lavrinenko as Head of Communications and Public Affairs.
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General Steel Reports 4th Quarter, Full Year 2008 Results
Mar. 11, 2009 - General Steel Holdings reports a net loss of $9.7 million on revenues of $261.1 million for the fourth quarter and a net loss of $11.3 million on revenues of $1.4 billion for the full year ended December 31, 2008.
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BlueScope Steel Delivers Strong Half Results
Feb. 26, 2009 - BlueScope Steel reports net profit after tax of A$407 million for the first half of fiscal year 2009, and an underlying net profit after tax of A$479 million, a 57% increase compared to the first half of fiscal year 2008.
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World Steel Production Continues Plunge through January ‘09
Feb. 25, 2009 - Figures released by the World Steel Association show that world crude steel production for the 66 countries reporting stood at an estimated 85.8 million tonnes in January 2009 -- 24.0% lower than for the same month of 2008, but 4.5% higher than the previous month (December 2008).
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New JSW Blast Furnace Features Siemens VAI Cyclone Separator
Feb. 23, 2009 - Siemens VAI Metals Technologies reports the successful commissioning of JSW Steel’s Blast Furnace No. 3 at Toranagallu Steelworks, which features the first application of a Siemens-developed cyclone separator in the gas cleaning system.
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Tenova to Supply Walking Beam Furnace for Cosipa
Feb. 18, 2009 - Companhia Siderurgica Paulista awards contract to Tenova LOI Italimpianti for the supply of a new walking beam furnace for reheating slabs at COSIPA’s new mill in Cubatão, Brazil.
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ThyssenKrupp Issues Dual Tranche Bond
Feb. 17, 2009 - ThyssenKrupp Finance Nederland BV issues a 1500-million-Euro ‘Dual tranche’ bond documented under the company’s 3-billion-Euro Debt Issuance Programme.
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Chung Joon-Yang Nominated as Posco CEO
Feb. 16, 2009 - Chung Joon-Yang will be officially appointed as Posco’s CEO on February 28 following the general meeting of shareholders and the board meeting.
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ThyssenKrupp Reports 1st Quarter Results
Feb. 16, 2009 - ThyssenKrupp reports EBITDA of €764 million on sales of €11.5 billion for the first quarter of 2008/2009, reflecting the influence of the global recession.
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Mechel Earns Quality Certificate, European Registration
Feb. 13, 2009 - Mechel OAO receives preliminary registration of its subsidiaries' products for compliance with the European Union's REACH Regulations, which address registration, evaluation, authorization, and restrictions of chemicals production and application.
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ArcelorMittal Reports 4th Quarter, Full Year Results
Feb. 12, 2009 - ArcelorMittal reports a net loss of $2.6 billion on sales of $22.1 billion for the fourth quarter and net income of $9.4 billion on sales of $124.9 billion for the year ended December 31, 2008.
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Ruukki Engineering to Adjust Production in Sweden
Feb. 11, 2009 - Ruukki Engineering, Rautaruukki’s engineering division, will initiate employer-employee negotiations at its sites in Hässleholm and Oskarström in Sweden as it adjusts production in response to weakened demand.
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NLMK Decommissions Two More Coke Batteries
Feb. 6, 2009 - NLMK decommissions Coke Batteries No. 3 and No. 4 at its main production site in Lipetsk, representing a combined capacity of 0.68 million tonnes per year.
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Nisshin Steel Increases Ownership in Acerinox
Feb. 5, 2009 - Nisshin Steel acquires an additional 9,359,000 shares of Spanish stainless steel producer Acerinox, increasing its ownership percentage to 15.0% from the previous 11.3%.
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ThyssenKrupp Plans Addition to Executive Board
Jan. 26, 2009 - ThyssenKrupp AG confirms that talks have been held with Dr. Alan Hippe, Vice Chairman of the Executive Board of Continental AG, about joining ThyssenKrupp AG’s Executive Board.
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China Steel Reports 4th Quarter Results
Jan. 26, 2009 - Discounted selling prices and historically high iron ore and coking coal prices result in a fourth quarter pre-tax loss of NTD$18.26 billion for China Steel Corp.
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World Crude Steel Production Reaches All-Time-High in 2007
Jan. 23, 2009 - World crude steel production reaches an estimated 1343.5 million tonnes in 2007, a 7.5% increase in production compared to 2006. The total marks the fifth consecutive year that world steel production grew by more than 7%.
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Essar Group Acquires Mining Rights in Brazil
Jan. 20, 2009 - The Essar group acquires a mineral concession in Amapa, North Brazil, that could help the company support its proposed steel plant in Trinidad and Tobago in the South Caribbean.
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Evraz Renounces Mezhegey Coal License
Jan. 20, 2009 - Evraz Group renounces its right to purchase the license to develop the Mezhegey coal deposit in the Republic of Tyva, Russia, with estimated reserves of some 213.5 million tonnes of hard coking coals.
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Vale and Baosteel to Liquidate CSV
Jan. 19, 2009 - Despite intense negotiations and analysis of alternatives, Vale and Baosteel decide to cancel their project to develop and build the proposed 5 million tonnes/year integrated steel slab plant in Brazil’s Espirito Santo state.
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Mechel Continues to Develop Mechel Service OOO Subsidiary
Jan. 16, 2009 - Mechel OAO reports a number of positive achievements as the result of its plan to develop the branch network of its Mechel Service OOO service and sales subsidiary, including the opening of new sales offices, the transformation of existing units, the acquisition of HBL Holding, and the upgrade of a number of its production and service facilities.
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Corus Announces New Chief Executive
Jan. 9, 2009 - Tata Steel’s Board appoints Kirby Adams, Founding Managing Director and former Chief Executive of Australia’s BlueScope Steel, to succeed Philippe Varin as Chief Executive Officer of Corus and of Tata Steel Europe.
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BOC India to Supply Gases for SAIL Rourkela Expansion
Jan. 8, 2009 - BOC India enters a 15-year long-term contract to supply gases to Rourkela Steel Plant for the planned expansion of their steel works, which includes the addition of a new blast furnace and converter.
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Posco CEO Selected as Korean CEO of the Year
Jan. 5, 2009 - Korea’s Hankyung Business Weekly names Posco CEO Ku-Taek Lee as CEO of the Year based on the evaluation of factors including financial achievement, stakeholder treatment, leadership and business ethics.
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MMK Signs Credit Facility Agreement with Sberbank
Dec. 31, 2008 - Savings Bank of the Russian Federation and OAO Magnitogorsk Iron & Steel Works enter nonrenewable 2-year credit facility for RUB 3.0bn to finance construction of MMK’s Plate Mill 5000 complex.
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World Steel Production Continues to Fall in October 2008
Dec. 22, 2008 - Figures released by the World Steel Association International show that world crude steel production for the 67 countries reporting stood at an estimated 100.5 million tonnes in October 2008 — 12.4% lower than for the same month of 2007, and 6.9% lower than the previous month, September 2008.
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voestalpine Abandons Efforts to Secure Land in Romania
Dec. 19, 2008 - voestalpine Group defers indefinitely its decision on a possible location of a new greenfield steel plant in the Black Sea region, bringing to a halt all efforts to secure property at a potential location in Romania.
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