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Latest News:
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Total Steel Import Permit Tons up 21% in January
Feb. 3, 2012 - Total steel import permit applications reached 2,691,000 net tons for the month of January 2012, a 21% increase from the 2,230,000 permit tons recorded in December according to the most recent report from AISI.
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Siemens Updates LD Converter at AHMSA's Monclova Works
Feb. 3, 2012 - Siemens VAI Metals Technologies received an order from Altos Hornos de Mexico, S.A.B. de C.V. (AHMSA) to modernize the LD converter in the Monclova steelworks in the Mexican state of Coahuila. The contract is scheduled for completion in the spring of 2013.
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AK Steel Reports 4th Quarter, Full-Year 2011 Results
Feb. 3, 2012 - AK Steel reported a net loss of $193.9 million on net sales of $1,509.2 million for the fourth quarter, and a net loss of $155.6 million on net sales of $6,468.0 million for the full year of 2011.
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ArcelorMittal Ostrava Celebrates 60th Anniversary
Feb. 3, 2012 - ArcelorMittal Ostrava held a commemorative event celebrating the 60 years that have passed since Stanislav Najvrt lit the first blast furnace in the presence of then-President of the Republic, Antonín Zápotocký.
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Siemens to Modernize Two Bar Mills for Diaco in Colombia
Feb. 2, 2012 - Diaco, the Colombian branch of Brazilian company Gerdau, has contracted Siemens VAI Metals Technologies to modernize two bar mills at its Tuta and Tocancipá locations, scheduled to come into operation at the end of 2012.
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Ruukki to Initiate Project to Improve Competitiveness
Feb. 2, 2012 - Ruukki Metals plans to initiate a project aimed at operations across the division to achieve a permanent annual improvement of around EUR 50 million in earnings performance as well as business profitability at a production utilization rate of 80%.
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Saarstahl Announces Personnel Changes
Feb. 2, 2012 - Dr. Klaus Harste has asked the Supervisory Board to release him from his duties as Chairman of the Management Board of Saarstahl AG with responsibility for Engineering and Technology. Dr. Karlheinz Blessing will be recommended to the Supervisory Board to assume the office of successor to the Chairman of the Board.
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November Steel Shipments Down 6.7% from October
Feb. 1, 2012 - U.S. steel mills shipped 7,404,828 net tons for the month of November 2011, a 6.7% decrease from the 7,933,653 net tons shipped in the previous month according to the latest report from AISI.
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ThyssenKrupp and Outokumpu to Combine Stainless Steel Businesses
Feb. 1, 2012 - ThyssenKrupp and Outokumpu announced the combination of Outokumpu with Inoxum, the stainless steel unit of ThyssenKrupp, to create a new global leader in stainless steel. Agreements have been approved by the Supervisory Board of ThyssenKrupp AG and the Outokumpu Board of Directors.
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Ruukki Named to Gold Class in SAM Sustainability Yearbook
Feb. 1, 2012 - Ruukki has received Gold Class and Sector Leader distinctions from Sustainability Asset Management (SAM) for its position as the leading steel company committed to sustainable development. The results have been published in the Sustainability Yearbook 2012.
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Lakeside Steel Announces Management Changes
Jan. 31, 2012 - Lakeside Steel Inc. announced that Vic Alboini is no longer the Chairman and CEO of the company. The company has appointed Norman Findlay as Interim Chairman of the Board.
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American Steel Industry Supports WTO Decision on Chinese Export Policies
Jan. 31, 2012 - The American Iron and Steel Institute, the Steel Manufacturers Association, the Specialty Steel Industry of North America, the Committee on Pipe and Tube Imports, and the United Steelworkers support the favorable decision by the Appellate Body of the World Trade Organization, which held that China’s restraints on exports of various raw materials violated its WTO obligations.
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Metals USA reports 4th Quarter, Fiscal 2011 Results
Jan. 31, 2012 - Metals USA Holdings reported net income of $14.0 million on net sales of $455.7 million for the fourth quarter and net income of $64.6 million on net sales of $1.9 billion for the year ended December 31, 2011.
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Sandvik Celebrates 150 Years on January 31
Jan. 31, 2012 - The Sandvik Group will celebrate its 150th anniversary on January 31. At the time of its formation, Sandvik was first in the world to use the Bessemer process, which would later revolutionize the production of steel.
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Universal Stainless Reports 4th Quarter 2011 Results
Jan. 30, 2012 - Universal Stainless & Alloy Products, Inc. reported net income of $4.3 million on sales of $62.2 million for the fourth quarter, and net income of $18.1 million on record sales of $252.6 million for the full year of 2011.
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Nucor CEO Wins AISC Robert P. Stupp Award
Jan. 30, 2012 - Nucor Corp. Chairman and Chief Executive Officer, Daniel R. DiMicco, was announced as the recipient of the Robert P. Stupp Award for Leadership Excellence by the American Institute of Steel Construction. He will be honored at AISC's 2012 North American Steel Construction Conference in April.
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OJSC MMK Appoints Deputy CFO
Jan. 30, 2012 - MMK announced the appointment of Alexander Andrianov as Deputy CEO on Finance and Economics (Chief Financial Officer), according to the Order of MMK CEO Boris Dubrovsky.
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Nucor Reports Results for 4th Quarter, Year Ended 2011
Jan. 27, 2012 - Nucor Corp. reported consolidated net earnings of $137.1 million on consolidated net sales of $4.83 billion for the fourth quarter, and consolidated net earnings of $778.2 million on consolidated net sales of $20.02 billion for the full year 2010.
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SMS Meer to Expand Bar Mill for Deutsche Edelstahlwerke
Jan. 27, 2012 - Deutsche Edelstahlwerke has contracted SMS Meer for the expansion of the 3-roll Precision Sizing Mill at its Siegen-Geisweid, Germany, plant to include an automatic size control system with cross-section measuring module. The project is scheduled to be implemented in spring 2012.
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Kobe Steel Establishes Steel Wire Processing Company in China
Jan. 27, 2012 - Kobe Steel, Ltd. has established a company in Foshan, Guangdong Province, China to make steel wire for use in high-quality springs. The new company, Kobelco Spring Wire (Foshan) Co., Ltd., will begin operations in the first half of 2013.
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