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Latest News:
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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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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.
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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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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.
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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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