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Total Steel Import Permit Tons up 21% in January

Fri, 03 Feb 2012 00:00:00 GMT

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.

Siemens Updates LD Converter at AHMSA's Monclova Works

Fri, 03 Feb 2012 00:00:00 GMT

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.

AK Steel Reports 4th Quarter, Full-Year 2011 Results

Fri, 03 Feb 2012 00:00:00 GMT

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.

Severstal's Cherepovets Mill Increased Strip Deliveries to Russian Pipe Makers in 2011

Fri, 03 Feb 2012 00:00:00 GMT

OAO Severstal announces that its Cherepovets Steel Mill increased deliveries to Russian pipe-making companies in 2011 by 5%. A total of more than 700,000 tonnes of plate was produced on the wide-strip Rolling Mill 5000 at Severstal’s No.3 Sheet Rolling Shop, about 70% of which was sent to the Izhora Pipe Mill.

ArcelorMittal Ostrava Celebrates 60th Anniversary

Fri, 03 Feb 2012 00:00:00 GMT

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.

Siemens to Modernize Two Bar Mills for Diaco in Colombia

Thu, 02 Feb 2012 00:00:00 GMT

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.

Ruukki to Initiate Project to Improve Competitiveness

Thu, 02 Feb 2012 00:00:00 GMT

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%.

Saarstahl Announces Personnel Changes

Thu, 02 Feb 2012 00:00:00 GMT

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.

Reliance Steel & Aluminum Acquires McKey Perforating Company

Thu, 02 Feb 2012 00:00:00 GMT

Reliance Steel & Aluminum announced completion of the acquisition of McKey Perforating Co., Inc. and its subsidiary McKey Perforated Products Co.

Air Liquide Completes Acquisition of 75% of LOGIKA in Moscow

Thu, 02 Feb 2012 00:00:00 GMT

Air Liquide has just completed the acquisition of 75% of the shares of LOGIKA, a regional industrial gas company located in Moscow.

U. S. Steel Reports 4th Quarter and Full-Year Results

Wed, 01 Feb 2012 00:00:00 GMT

United States Steel reported a net loss of $226 million on net sales of $4.664 billion for the fourth quarter, and a net loss of $68 million on net sales of $19.636 billion for the full year 2011.

November Steel Shipments Down 6.7% from October

Wed, 01 Feb 2012 00:00:00 GMT

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.

ThyssenKrupp and Outokumpu to Combine Stainless Steel Businesses

Wed, 01 Feb 2012 00:00:00 GMT

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.

Ruukki Named to Gold Class in SAM Sustainability Yearbook

Wed, 01 Feb 2012 00:00:00 GMT

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.

Outokumpu Confirms Continued Negotiations with ThyssenKrupp, Labor Representatives

Wed, 01 Feb 2012 00:00:00 GMT

Outokumpu confirms that that negotiations are continuing with ThyssenKrupp and German labor representatives related to a potential business combination of Outokumpu and Inoxum.

United States Steel to Sell U. S. Steel Serbia

Tue, 31 Jan 2012 00:00:00 GMT

United States Steel Corp. announced plans to sell its U. S. Steel Serbia d.o.o. unit to the Republic of Serbia for a nominal purchase price.

Lakeside Steel Announces Management Changes

Tue, 31 Jan 2012 00:00:00 GMT

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.

American Steel Industry Supports WTO Decision on Chinese Export Policies

Tue, 31 Jan 2012 00:00:00 GMT

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.

Metals USA reports 4th Quarter, Fiscal 2011 Results

Tue, 31 Jan 2012 00:00:00 GMT

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.

Sandvik Celebrates 150 Years on January 31

Tue, 31 Jan 2012 00:00:00 GMT

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.

Carpenter Technology Reports Second Quarter Results

Mon, 30 Jan 2012 00:00:00 GMT

Carpenter Technology reported net income attributable to Carpenter of $23.6 million ($0.52 per share) for the quarter ended December 31, 2011.

Universal Stainless Reports 4th Quarter 2011 Results

Mon, 30 Jan 2012 00:00:00 GMT

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.

Nucor CEO Wins AISC Robert P. Stupp Award

Mon, 30 Jan 2012 00:00:00 GMT

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.

voestalpine to Supply phs Ultraform from New Indirect Press-Hardening Facility

Mon, 30 Jan 2012 00:00:00 GMT

The Automotive Division of the voestalpine Group will supply a leading European car manufacturer with key components involving its patented “phs-ultraform,” a hot-dip galvanized auto body steel developed by voestalpine and formed during a new “indirect press-hardening” process.

OJSC MMK Appoints Deputy CFO

Mon, 30 Jan 2012 00:00:00 GMT

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.

Nucor Reports Results for 4th Quarter, Year Ended 2011

Fri, 27 Jan 2012 00:00:00 GMT

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.

SMS Meer to Expand Bar Mill for Deutsche Edelstahlwerke

Fri, 27 Jan 2012 00:00:00 GMT

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.

Electrolytic Tinning Line from Tenova in Full Production at Jiangsu Sunshine

Fri, 27 Jan 2012 00:00:00 GMT

Jiangsu Sunshine in Dajiang, China, recently went into full production with the new electrolytic tinning line supplied by Tenova Strip Processing.

Allegheny Technologies Reports 4th Quarter, Full Year 2011 Results

Fri, 27 Jan 2012 00:00:00 GMT

Allegheny Technologies Inc. reported net income for the fourth quarter 2011 of $31.7 million, or $0.29 per share, on sales of $1.25 billion. For the full year 2011, net income was $214.3 million, or $1.97 per share, on sales of $5.18 billion.

Kobe Steel Establishes Steel Wire Processing Company in China

Fri, 27 Jan 2012 00:00:00 GMT

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.