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Latest News:
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Salzgitter AG update on Q1 2013 performance May 17, 2013 - In the first three months of 2013, the performance of the Salzgitter Group was overshadowed by persistently unfavorable general economic conditions in Europe.
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Austria's Voestalpine on track to hit earnings forecast May 17, 2013 - Austrian steelmaker Voestalpine is on track to hit earnings before interest and tax (EBIT) of about 800 million euros ($1.03 billion) for 2012/13, up from 704 million last year, Chief Executive Wolfgang Eder said.
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JFE Steel to Launch Steel Pipe Manufacturing and Sales JV in Zhejiang, China May 16, 2013 - JFE Steel Corporation (JFE) announced today that on May 15, the company, Kawasaki Kokan Co., Ltd. (Kawasaki Kokan), Marubeni-Itochu Steel Inc. (MISI) and Taiwan's largest cold drawn pipe manufacturer Shuan Hwa Industrial Co., Ltd. (Shuan Hwa Industrial) had signed an agreement to establish a joint venture company in Zhejiang Province, China.
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CSN announces Q1 2013 results May 16, 2013 - Brazilian flat-steel maker Companhia Siderurgica Nacional (SID, CSNA3.BR), or CSN, late Wednesday reported a drop of 82% in its first-quarter net profit, due to the rise of its costs in the period.
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Salzgitter's Loss Widens in 1Q, Expects No Significant Improvement May 15, 2013 - Germany-based steelmaker Salzgitter Group has issued its financial results data for the first quarter of the current year, stating that the performance of the company was overshadowed by persistently unfavorable general economic conditions in Europe.
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Emirates Steel Develops Apprenticeship Program May 14, 2013 - Emirates Steel, the only integrated steel plant in the UAE, has developed an internationally accredited three-year apprenticeship program that will develop the skills, knowledge and professionalism of UAE nationals.
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Sydney Morning Herald: Waste Revolution a Boost for 'Green' Steel May 14, 2013 - Rubber, plastics and palm waste are not ingredients most people associate with steel girders and beams. New technology developed and commercialized in Australia, though, “could change the way we think about raw material resources for steelmaking,” according to inventor Veena Sahajwalla, the Sydney Morning Herald reports.
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Jindal Steel Orders X-Melt BOF Converter Shop from SMS Siemag May 13, 2013 - Jindal Steel and Power Ltd. (JSPL), one of India's largest steel producers, has contracted SMS Siemag for the delivery of an X-Melt® BOF converter shop including a secondary metallurgy center and comprehensive environmental technology.
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U.S. Agency Votes to Continue Case On Nickel-Plated Steel Imports from Japan May 10, 2013 - The United States International Trade Commission (USITC) determined that there is a reasonable indication that a U.S. industry is materially injured by reason of imports of diffusion-annealed, nickel-plated flat-rolled steel products from Japan that are allegedly sold in the U.S. at less than fair value.
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TMEIC Announces Rugged New Drive for Rolling Mills May 10, 2013 - TMEIC has introduced an improved version of its rugged TMdrive-70 medium voltage, variable frequency drive, used to provide high torque and overload capability to main drives on hot strip mills and cold mills.
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Schneider Electric Introduces PlantStruxure™ PES May 9, 2013 - Schneider Electric has introduced the PlantStruxure™ Process Expert System (PES), a single software environment that integrates control applications, supervision and field devices to configure an entire control system.
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Tenaris Says Oil and Gas Drilling Should Pick Up by End of Year May 8, 2013 - Tenaris said first quarter sales decreased as higher sales of premium OCTG products in Saudi Arabia and Sub-Saharan Africa did not fully compensate for lower sales in South America and the impact of lower market prices for less differentiated products in North America.
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AIST Presents Steelmaker of the Year and Other Awards at AISTech 2013 May 7, 2013 - Joon Yang Chung, chairman and chief executive officer of POSCO, was named “Steelmaker of the Year” at AISTech 2013 — The Iron & Steel Technology Conference and Exposition, managed by the Association for Iron & Steel Technology (AIST). Other award winners were also announced during the President's Award Breakfast.
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Rautaruukki and Ruukki Group Settle Name Dispute May 3, 2013 - Rautaruukki Corporation (Ruukki) and Ruukki Group Plc have settled their name dispute. Consequently Ruukki Group is to change its names. Ruukki Group is to assign all its rights to the Ruukki name and Ruukki trademark to Rautaruukki.
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Mechel Signs Supply Agreement with POSCO May 1, 2013 - Mechel's mining division trading subsidiary Mechel Carbon (Singapore) Pte. Ltd. has signed a three-year contract with South Korea's POSCO Corporation for supply of coking coal.
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ArcelorMittal Ostrava to Supply Tubes for Water Conduit Project in France Apr. 29, 2013 - ArcelorMittal Tubular Products Ostrava in the Czech Republic has concluded an important contract worth several tens of millions crowns for supplies of water tubes with polypropylene coating for an extensive project of construction of drinking water conduit in the north of France.
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Georgian American Alloys Acquires Georgian Manganese Apr. 26, 2013 - In a cross-border merger, Miami, Fla.-based Georgian American Alloys, a manufacturer, supplier and trader of ferroalloys, announced that it has acquired 100% ownership interest in Georgia-based Georgian Manganese and Vartsikhe 2005, the country’s top producer and exporter of standard and high-grade silicomanganese.
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Sutor Wins Two Bids for Water Transmission Pipeline Projects Apr. 25, 2013 - Sutor Technology Group's subsidiary Ningbo Zhehua Heavy Steel Pipe Manufacturing Co. has won two contracts to supply approximately 4,700 tonnes of spiral seam steel pipes for two water transmission pipeline projects in Fujian Province.
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Konecranes Appoints Senior Vice President, Human Resources Apr. 24, 2013 - Timo Leskinen has been appointed senior vice president, human resources of Konecranes Plc and will be responsible for all human resources (competence development and administration) and corporate responsibility (health, safety and environment) matters.
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March World Crude Steel Production Down 1% Y-o-Y Apr. 22, 2013 - World crude steel production for the 63 countries reporting to the World Steel Association (worldsteel) was 135 million tonnes in March 2013, an increase of 1.0% compared to March 2012.
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ATILIM University Orders Extrusion Press from SMS Meer Apr. 22, 2013 - The ATILIM University in Ankara, Turkey, has ordered a direct-indirect extrusion press with 10-MN press force from SMS Meer to be used for fundamental research and test series by industrial companies in the university’s “Metal Forming Center of Excellence."
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Tenova Expands Further in Heat Treatment Furnaces Apr. 22, 2013 - Loi Thermprocess, a subsidiary of Tenova, has acquired Metall Technologie Holding (mth), a worldwide manufacturer group of industrial furnaces consisting of the companies Schmetz, BMI, Mahler, IVA, RIVA and Huisen-MTH.
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Abengoa to Sell Steel Dust Recycling Subisidary for €1.075 Billion Apr. 19, 2013 - Abengoa, a company that applies innovative technology solutions for sustainable development in the energy and environment sectors, has entered into an exclusivity agreement for the sale of 100% of its subsidiary Befesa to funds advised by Triton Partners. The deal is subject to finalizing documentation, approval by competition authorities and financial institutions.
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TMK to Establish R&D Facility Near Moscow Apr. 18, 2013 - TMK, a leading global manufacturer of tubular products for the oil and gas industry, has signed an agreement with the Skolkovo Fund to open a research and development facility in the Skolkovo Innovation Centre near Moscow, Russia.
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NLMK Chairman Discusses Situation in Global Metals and Mining Sectors Apr. 17, 2013 - Vladimir Lisin, NLMK Group’s chairman of the board of directors, recently shared his views on the current economic outlook and business development opportunities with investors from Russia, Europe and the U.S., discussing the situation in the metals and mining and transport sectors, and the strategic development of NLMK over the next few years.
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