Steel News > Home

Welcome to SteelNews.com

Latest News:

World Steel Production Continues to Fall in October 2008
Nov. 21, 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.

Swedish Steel Prize Awarded for French Mower
Nov. 21, 2008 - SSAB Tunnplåt awards The Swedish Steel Prize 2008 to the French company Kuhn for a new grass mower unit made of advanced high strength steel and designed for tractor mounting.

Northwest Pipe to Supply Pipe for Prairie Waters Project
Nov. 21, 2008 - Northwest Pipe receives Letter of Intent from Garney Construction to supply pipe for the Prairie Waters Project for the City of Aurora, Colo.

October Steel Shipments Dip Sharply in U.S., Canada
Nov. 20, 2008 - Steel shipments from metals service centers in the U.S. and Canada fell sharply during October from year-earlier levels, according to the most recent Metals Activity Report from the Metals Service Center Institute.

Siemens VAI Starts up Five Billet Casters in Five Weeks
Nov. 20, 2008 - Within a five-week period, Siemens VAI starts up a seven-strand billet caster at Dneprovsky Iron and Steel Integrated Works plus four other long-product casters in China, Germany, Italy and Saudi Arabia.

SSAB Updates 4th Quarter Market Outlook
Nov. 20, 2008 - Rapidly falling demand for steel prompts SSAB to adjust its expectations for the fourth quarter of 2008.

Outokumpu Opens Sales Company in Dubai
Nov. 20, 2008 - Outokumpu opens sales company in Dubai, United Arab Emirates as part of the continued expansion of its operations in the Middle East.

ALJ Announces Repurchase of Subordinated Debt to ALJ
Nov. 20, 2008 - ALJ Regional Holdings, the parent company of Kentucky Electric Steel, repurchases a portion of the outstanding 4% Subordinated Restated Promissory Note dated January 24, 2003 on favorable terms to ALJ.

Commerce Finds Subsidization of Welded Steel Line Pipe from China
Nov. 19, 2008 - The U.S. Department of Commerce announces its affirmative final determination in the countervailing duty investigation on imports of circular welded carbon quality steel line pipe from P.R. China.

MMFX Technologies Starts Mill, Completes Institutional Funding
Nov. 19, 2008 - MMFX Technologies completes a $55-million commitment in secured debt financing and receives final funding with the startup of its Welland, Ont., steel mill facility.

QIT-Fer et Titane Recognized for Promotion of Women in Metallurgy
Nov. 19, 2008 - Rio Tinto subsidiary QIT-Fer et Titane, Sorel-Tracy, Que., receives an honorary, Quebec-wide prize aimed at underlining the industry's commitment to improving women's access to employment in the field of metallurgy.

JSW Building Systems Enters JV with Severfield Reeve Structures
Nov. 19, 2008 - JSW Building Systems and U.K.-based Severfiled Reeve Structures formalize a joint venture company to a create significant steelwork business based in the Bellary district of Karnakata.

Tata Steel Honored by the President of India with Best Establishment Award
Nov. 19, 2008 - Tata Steel is honored with the Certificate of Honour for Best Establishment, given by her Excellency, The President of India, Mrs. Pratibha Devi Singh Patil.

Insteel Industries Announces Stock Repurchase Program
Nov. 19, 2008 - The Insteel Industries board of directors authorizes the company to repurchase up to $25 million of its outstanding common stock.

Cliffs and Alpha Natural Resources Terminate Merger Agreement
Nov. 18, 2008 - Cliffs and Alpha Natural Resources approve termination of their previously announced definitive merger agreement, as well as settlement of litigation brought by Alpha in Delaware Chancery Court.