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Latest News:
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Steel Dynamics, ThyssenKrupp Steel USA Receive Industry Awards
Jul. 7, 2011 - Steel Dynamics, Inc. was recently honored as "Steel Producer of the Year" as part of American Metal Market's second annual Awards for Steel Excellence, while ThyssenKrupp Steel USA was named as the winner for “Best Greenfield Technology”.
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ThyssenKrupp Makes Donation for Alabama Disaster Relief
May 4, 2011 - ThyssenKrupp Steel USA is donating $10,000 on behalf of its team to the Alabama Gulf Coast Red Cross Chapter earmarked specifically for disaster relief efforts in northern Alabama as a result of recent tornadoes.
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ThyssenKrupp Starts Coated Production
Apr. 15, 2011 - ThyssenKrupp Steel USA recently started production of its first coated prime coil on hot dip galvanizing line (HDGL) number 1. The HDGL lines are the last of the carbon steel start-up’s mills to begin production.
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ThyssenKrupp Stainless USA to Begins Construction of EAF Meltshop
Dec. 13, 2010 - ThyssenKrupp AG Executive Board Chairman Dr. Ekkehard Schulz announces that construction is set to begin on a new stainless slab meltshop for ThyssenKrupp Stainless USA. The shop will comprise a 160-ton EAF, 180-ton AOD converter, and 72-inch continuous slab caster.
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ThyssenKrupp Opens Steelmaking and Processing Plant in Alabama
Dec. 13, 2010 - Following three years of construction, the new steelmaking and processing plant of ThyssenKrupp Steel USA and ThyssenKrupp Stainless USA has officially opened in Alabama. ThyssenKrupp invested US$5 billion in the overall complex, $3.6 billion for the carbon flat steel facilities and $1.4 billion for the stainless area.
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ThyssenKrupp Restructures Business, Realigns Leadership
Mar. 20, 2009 - ThyssenKrupp announces sweeping changes to its organization this week, including the resignation of two key executives, streamlining of its five businesses segments into just two, and the reduction of its Executive Board from eight down to five.
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ThyssenKrupp Steel USA to Open Sales Office in Troy
Aug. 7, 2008 - ThyssenKrupp Steel USA announces plans to open a new sales office in Troy, Mich., to serve North American manufacturers with products from its new state-of-the-art carbon steel processing facility currently under construction in Calvert, Ala.
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Arcelor to Enhance Offer for Dofasco Acquisition
Dec. 26, 2005 - Arcelor SA announced last week its intention to make an enhanced all-cash offer to acquire all of the outstanding common shares of Canadian steelmaker Dofasco Inc. at C$63.00 per share.
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Paulson Announces Slate for Algoma Shareholder Meeting
Dec. 2, 2005 - Paulson & Co. Inc., a major shareholder of Algoma Steel Inc., has announced its nominees for the Algoma board of directors. In November, Paulson had requisitioned a special shareholder meeting to replace a majority of current Algoma directors.
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Restructuring Efforts Pay off for ThyssenKrupp Electrical Steel
Dec. 1, 2005 - ThyssenKrupp Steel is beginning to reap the benefits of restructuring its electrical steel operations. For the 2004/2005 fiscal year, subsidiary ThyssenKrupp Electrical Steel GmbH reported an eight-figure profit, which compares with a high eight-figure loss a year earlier.
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Siemens to Supply New Main Drive for ThyssenKrupp Tandem Cold Mill
Nov. 1, 2005 - The Siemens Industrial Solutions and Services Group (I&S) has received an order from ThyssenKrupp Steel AG to supply a new main drive for the BETA coupled tandem pickling line at its Dortmund plant. The order is valued at approximately three million euros.
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Calvi and Hoesch Hohenlimburg to Merge Special Profiles Interests
Nov. 1, 2005 - The Italian Calvi Holding Group and Hoesch Hohenlimburg GmbH have agreed in principle on the sale to Calvi of a 75.1% majority interest in the special profiles operations of Hoesch Hohenlimburg. The merger will create the world’s largest and technologically leading manufacturer of rolled, extruded and cold-drawn special profiles.
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ThyssenKrupp to Increase Prices in January
Nov. 1, 2005 - ThyssenKrupp Steel AG recently announced it would increase its prices by €20/t for hot-rolled, cold-rolled and coated products as well as non-grain-oriented electrical steel sold under quarterly contracts. The increases will become effective on January 1, 2006.
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YTD Specialty Steel Imports Continue to Exceed YTD 2004 Totals
Oct. 11, 2005 - Total stainless steel imports grew to 399,708 tons through July 2005, a 13% increase* compared to the first seven months of 2004, according to the latest statistical data released by the Specialty Steel Industry of North America (SSINA). As imports continued to climb, U.S. stainless steel consumption dropped slightly to 1,361,595 tons, a 4% decreased compared to the comparable 2004 period.
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ThyssenKrupp Stahl Opens New Tailored Blank JV in China
Sep. 1, 2005 - ThyssenKrupp Tailored Blanks GmbH, a subsidiary of ThyssenKrupp Stahl, recently inaugurated a new tailored blank production facility in Changchun, northern China. The new company – TKAS (Changchun) Tailored Blanks Ltd. – is a joint venture between ThyssenKrupp Tailored Blanks GmbH and Angang New Steel Co. Ltd.
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Stainless Steel Imports Continue to Outpace 2004 Totals
Aug. 31, 2005 - Total stainless steel imports climbed to 344,014 tons through the first six months of 2005 — a 15% increase compared to the same period in 2004 — according to the latest data released by the Specialty Steel Industry of North America (SSINA). As imports climbed, U.S. consumption remained steady at 1,168,282 tons, 3% below domestic consumption for the first six months of 2004.
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YTD Specialty Steel Imports Continue to Climb
Aug. 2, 2005 - Total stainless steel imports rose to 286,403 tons through the first five months of 2005 — a 19% increase compared to the same period in 2004 — according to the latest data released by the Specialty Steel Industry of North America (SSINA).
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ThyssenKrupp Stahl Approved for Blast Furnace Installation
Aug. 1, 2005 - The Düsseldorf district authority granted approval to ThyssenKrupp Stahl AG for the construction of Blast Furnace No. 8. The investment is the centerpiece of a modernization program for the company’s hot metal base in Duisburg-Hamborn, which also includes the relining of nearby Blast Furnace No. 9. The 41-year-old Blast Furnace No. 4 will then be shut down and kept only as a back-up unit. The concept is to be implemented by 2008 at a total cost of €340 million.
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ThyssenKrupp Stahl and Dusseldorf Government Conclude Air Pollution Control Agreement
Aug. 1, 2005 - ThyssenKrupp Stahl AG and the District Government of Düsseldorf have signed an agreement to reduce particulate air pollution in the north of Duisburg. The agreement was prompted by the District Government’s requirement to draw up an action plan. This links up with the Air Pollution Control Plan of Fall 2004 and is aimed at achieving a fast reduction in particulate air pollution (PM 10).
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Stainless Steel Imports Jump 26% Ahead of Year-to-Date 2004 Totals
Jul. 11, 2005 - Total stainless steel imports climbed to 234,130 tons through the first four months of 2005 — a 26% increase compared to the same period in 2004 — according to the latest data released by the Specialty Steel Industry of North America (SSINA). As imports climbed, U.S. consumption remained flat at 800,512 tons, bringing four-month import penetration to 29%, a six percentage point increase compared to the same period in 2004.
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First Quarter Stainless Steel Imports Climb 37% Higher than 2004
Jun. 14, 2005 - Total stainless steel imports reached 182,350 tons through the first quarter of 2005 — 37% higher than the first quarter of 2004 — according to the latest statistical data released by the Specialty Steel Industry of North America (SSINA). Total specialty steel imports (including stainless, electrical, and tool steels) were 39% higher than the first quarter of 2004.
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ThyssenKrupp Tailored Blanks to Build Service Center at Volvo Facility
Jun. 1, 2005 - ThyssenKrupp Tailored Blanks GmbH, Duisburg, and Volvo Cars, Göteborg / Sweden, are stepping up their cooperation with a new service center located on the site of the Volvo plant in Olofström/Sweden. ThyssenKrupp Tailored Blanks Sverige AB, a newly formed subsidiary of ThyssenKrupp Tailored Blanks GmbH, will soon supply the Swedish auto manufacturer directly from the new service center.
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ThyssenKrupp Steel Welcomes Stop-gap Collective Agreement
May 1, 2005 - ThyssenKrupp Steel AG welcomes the agreement reached by the collective bargaining parties in the steel industry, preventing a strike. According to TKS, industrial action would have severely dented hopes of an urgently needed economic turnaround.
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Duisburg Steel Producers Extend Long-term Supply Agreements
Mar. 1, 2005 - Three Duisburg steel companies — ThyssenKrupp Stahl AG, Mittal Steel Ruhrort and TSTG Schienentechnik — have enjoyed close ties in the supply of pig iron and crude steel for more than seven years. The ties are based on contractual arrangements set up in 1997 covering a ten-year period upon the sale of the Ruhrort and Hochfeld plants by the former Thyssen Stahl AG.
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ThyssenKrupp to Strengthen Terni Site with 124 Million Euro Investment
Mar. 1, 2005 - ThyssenKrupp Steel AG will strengthen ThyssenKrupp Acciai Speciali Terni with an investment of €124 million in stainless steel production by 2006. The investment will feature a new €30 million cold-rolling mill, which is scheduled to start production as early as 2006.
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ThyssenKrupp Acciai Speciali Terni to Shut Down Electrical Steel Production
Feb. 1, 2005 - ThyssenKrupp Acciai Speciali Terni recently revealed its strategic plans for the Terni plant, which call for a phased closure of electrical steel production at the Italian plant by the end of this year. The plan also includes a €90 million investment package for the expansion of stainless steel production over the next two years.
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Arcelor and TKS to Jointly Develop High Manganese Steels
Feb. 1, 2005 - Arcelor and ThyssenKrupp Stahl — both leading global suppliers of steel for the automotive industry — have signed a multi-year Research & Development agreement to cooperate in the area of high manganese (TWIP/ Twinning Induced Plasticity) steels.
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SMS Demag Innse to Supply Inline Skinpass Mill for TKAST
Jan. 1, 2005 - ThyssenKrupp Acciai Speciali Terni SpA (TKAST), Italy, has placed an order with SMS Demag Innse SpA, Italy, for an inline skinpass mill and associated equipment. The mill will be installed at the exit side of the existing cold strip anneal and pickle line.
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ThyssenKrupp and CVRD to Build New Steel Mill in Brazil
Jan. 1, 2005 - Brazilian President Luiz Inácio Lula da Silva welcomes the plans of ThyssenKrupp AG and Brazilian ore producer Companhia Vale do Rio Doce (CVRD) to build a new steel mill in the state of Rio de Janeiro. The project was presented to the President in Brasilia by Prof. Dr. Ekkehard Schulz, Chairman of the Executive Board of ThyssenKrupp AG, and Prof. Dr. Ulrich Middelmann, Vice Chairman of the Executive Board of ThyssenKrupp AG and Chairman of the Executive Board of ThyssenKrupp Steel AG.
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ThyssenKrupp Steel and CVRD Plan Joint Steel Mill Project
Dec. 1, 2004 - The Supervisory Board of ThyssenKrupp Steel AG recently approved plans to conclude a joint feasibility study with Brazilian iron ore producer Companhia Vale do Rio Doce (CVRD) on the construction of a steel mill in Brazil. This procedure has also been approved by the Supervisory Boards of ThyssenKrupp AG and ThyssenKrupp Stahl AG.
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ThyssenKrupp Steel Sells Berkenhoff Subsidiary
Oct. 1, 2004 - ThyssenKrupp Steel AG subsidiary Berkenhoff GmbH has been sold to the private equity investor Granville Baird Capital Partners in Hamburg as part of a management buyout. The sale was effective October 1, 2004.
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Management Buyout at SWB Stahlformguss
Sep. 1, 2004 - SWB Stahlformguss GmbH, Germany, has been sold to CEO Bruno Mayer and authorized officer Wolfgang Callies in a management buyout. Norddeutsche Private Equity GmbH in Hamburg, Germany, has also acquired an interest in the company as a financial investor. The sale was effective September 1, 2004.
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