Steel News is a publication of the Association for Iron and Steel Technology.

Welcome to SteelNews.com

Latest News:

Severstal CEO Awarded for Contribution to Latvian Economic Advancement
May 22, 2013 - Alexey Mordashov, CEO of OAO Severstal, has been awarded with the Cross of Recognition, Degree III, which is one of Latvia’s highest honors, in recognition of his contribution to Latvia’s economic development.

Russula to upgrade Special Metals Company Rolling Mill
May 21, 2013 - Russula is pleased to announce it has been selected by Special Metals Company, a PCC company, to upgrade the automation system and drives for its Huntington WV wire mill. The new equipment will replace an aging drive and control system for which spare parts and service are becoming difficult to obtain.

Universal Stainless Achieves Nadcap Heat Treat Accreditation for Bridgeville Facility
May 21, 2013 - Universal Stainless & Alloy Products, Inc. has achieved Nadcap Heat Treat accreditation at its Bridgeville, Pa., facility.

New Comprehensive Spray Technology Catalog Available from Spraying Systems Co.
May 21, 2013 - A new publication featuring hydraulic spray nozzles and a detailed technical reference section is now available from Spraying Systems Co. Industrial Hydraulic Spray Products Catalog 75 provides educational information on spray technology and technical data on thousands of full cone, flat spray, hollow cone and fine spray nozzles.

Abengoa Obtains Required Consent to Proceed with Befesa Sale
May 21, 2013 - Abengoa announced that the required authorizations, undertaken with Befesa's bondholders in order to facilitate the sale of Befesa Medioambiente to funds advised by Triton Partners, were successful.

JSW Ispat reports Rs 159.33 crore net profit in Q4
May 21, 2013 - Helped by deferred tax benefits of Rs 159.33 crore, JSW Ispat Steel, an associate firm of JSW Steel, today reported a standalone net profit of Rs 94.16 crore for the fourth quarter ended March 2013.

Severstal Q1 Net Profit Falls Almost 90% on Lower Prices
May 21, 2013 - Russian steelmaker Severstal's IFRS net profit fell 89.7 percent year-on-year in January-March 2013 to $44 million, the company said on Monday, citing weaker demand and lower realized prices as contributing factors.

Gerdau expands in Knoxville, adds 40 new jobs
May 21, 2013 - On Monday, state officials joined representatives from Gerdau to announce they were adding a facility in the WestBridge BusinessPark where workers will take steel rebar manufactured at the current Lonsdale mill and apply finishing services for original equipment manufacturers. The new facility will create approximately 40 new jobs.

Baosteel to cut capacity by 30 pct in Shanghai
May 21, 2013 - Baosteel Group Corp has started piling work for the No. 1 blast furnace of its Guangdong-based Zhanjiang plant, seen as a "key battlefield" as it bids to cut 30 percent of its capacity in Shanghai.

Novolipetsk 1Q Net Profit Falls 78%, Sees Ongoing Challenges
May 20, 2013 - Russian steelmaker Novolipetsk Iron & Steel Corp. (NLMK.RS) said Friday its first-quarter net profit fell 78% on the year earlier to $38 million, noting that challenges in the global steel market remain.

MORE to Supply Severstal Columbus with Pneumatic Lime/Dolo-Lime Injection System
May 20, 2013 - Severstal Columbus, located in Columbus, Miss., has placed an order with MORE srl (Gemona Del Friuli -Italy) to supply a new pneumatic lime/dolo-lime injection system for its two 165-ton electric arc furnaces.

Kobe Steel, U. S. Steel Announce Commerical Production Begins at PRO-TEC CAL Joint Venture
May 20, 2013 - Kobe Steel and U. S. Steel announced that the continuous annealing line at their joint venture, PRO-TEC Coating, has commenced commercial production of advanced high-strength steel sheet for automobiles.

Synalloy's Metals Subsidiary Awarded $6.0 Million in International Fabrication Additions to Mexican Project
May 20, 2013 - Synalloy Corporation announced that its Synalloy Metals' fabrication subsidiary has been awarded an additional contract on an international project.

Severstal North America Announces Executive Leadership Changes
May 20, 2013 - Severstal North America today announced that effective June 1 Ronald Kostyo is appointed Vice President and General Manager, Severstal Dearborn; effective June 10 Madhu Ranade is appointed Vice President and General Manager, Severstal Columbus; and effective immediately Michael Tuomey will serve as Interim Chief Financial Officer.

Severstal Izhora mill delivers pipes for CAC project
May 20, 2013 - ZAO Izhora Pipe Mill, the specialist manufacturer of large diameter pipes made from strip produced by Cherepovets Steel Mill, both enterprises within the Russian Steel Division of OAO Severstal, one of the world’s leading steel and steel related mining companies, has shipped pipes for the construction of the Central Asia — China international gas pipeline.

AK Steel Joint Venture Completes $375 Million Financing For New Iron Ore Pellet Plant
May 20, 2013 - AK Steel said today that Magnetation LLC ("Magnetation"), its joint venture with Magnetation, Inc., has successfully completed a $325 million senior secured note offering and has entered into a $50 million senior secured credit facility.

AK Steel's Coshocton Works Recognized for Outstanding Safety Performance
May 20, 2013 - AK Steel's (NYSE: AKS) Coshocton (Ohio) Works has been recognized for outstanding safety performance by the Ohio Bureau of Workers' Compensation, Division of Safety and Hygiene.

Reliance's Hannah appointed chairman of MSCI
May 20, 2013 - The Metals Service Center Institute (MSCI) announced that David H. Hannah, chairman and chief executive officer of Reliance Steel & Aluminum Co., has been elected chairman of the board for the MSCI effective July 1.

2012–2013 AIST President Kent Peaslee passes
May 18, 2013 - Dr. Kent D. Peaslee, the F. Kenneth Iverson Chair of Steelmaking Technology and Curators’ Teaching Professor of metallurgical engineering at Missouri University of Science and Technology, and the 2012-2013 AIST president, died May 17, 2013.

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.

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.

ArcelorMittal Ruhrort: RH facility to receive new vacuum pump
May 17, 2013 - After 45 years of operation of the RH facility, the steam ejector pumping system is to be renewed by SMS Mevac.

SAIL plans second plant at Burnpur
May 17, 2013 - Steel Authority of India Ltd. (SAIL) is planning to set up a new 3 million tonnes per annum (mtpa) plant at Burnpur, West Bengal, in addition to the 2.5 mtpa unit now under erection there.

Hebei Puyang Iron and Steel Orders Medium Slab Caster from SMS Siemag
May 17, 2013 - China's Hebei Puyang Iron and Steel Co., Ltd (Puyang Steel) has awarded SMS Siemag Technology (Beijing) Co. a contract for the supply of a medium slab caster to be installed at the works in Wuan City, Hebei Province.

Outokumpu Conducting Strategic Review of Its VDM High Performance Alloys Business
May 17, 2013 - Outokumpu has started a strategic review of its high performance alloys or VDM business unit. During this review, Outokumpu will evaluate strategic options for VDM and consider how best to drive continued growth and profitability for the business, within or outside of Outokumpu.

Tenaris’ Dopeless® Technology Run for First Time in Brazil
May 17, 2013 - Tenaris’ Dopeless® technology was run for the first time in Brazil, in a Petrobras deepwater offshore operation, during the first half of this year.

Siemens receives FAC from Outokumpu for stainless steel plant in the USA
May 17, 2013 - At the beginning of April, Siemens Metals Technologies received the final acceptance certificate for the stainless steel works owned by Outokumpu Stainless in the USA.

Steel Industry Names William Heenan As Recipient Of 2013 SMDI Lifetime Achievement Award
May 17, 2013 - The Steel Market Development Institute (SMDI), a business unit of the American Iron and Steel Institute (AISI), announced today that William M. Heenan, Jr. is the recipient of the 2013 Steel Mar

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.

Kennametal Young Engineers Present Products for the Future
May 16, 2013 - Eighteen students from Kennametal's Young Engineers Program in Latrobe, Pa., showed-off their engineering, manufacturing and marketing talents, presenting innovative products they invented as part of a class project for the program.