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Latest News:
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Siemens Replaces LD Converters at CSN
Mar. 11, 2010 - Companhia Siderúrgica Nacional (CSN) has placed an order with Siemens for the replacement of two LD converters at its Volta Redonda location. Turnkey delivery of the converters is planned during the summer of 2011 and at the end of 2012, respectively.
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Outokumpu Duplex Pipes Used by Metso for Pilot Paper Machine
Mar. 11, 2010 - Outokumpu has introduced a new comprehensive system of duplex pipes and fittings, called Outokumpu Duralite™ Piping System, to serve customers in a range of applications. Metso chose Duralite pipes in the lean duplex grade LDX 2101® to rebuild a pilot paper machine.
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Ruukki Offers Strong, Weather-Resistant Structural Steel
Mar. 11, 2010 - Ruukki is launching Optim 960 QCW structural steel, a new grade that combines high strength and weather resistance. Optim 960 QCW is made using a direct quenching process developed by Ruukki and is suitable for applications such as containers, cranes, and booms.
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Mechel, Gazprombank Amend Credit Facility Agreements
Mar. 10, 2010 - Mechel OAO announces prolongation of credit facilities for its subsidiaries obtained earlier from Gazprombank. According to the amendment agreements, the credit maturity extends from three years to six years.
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Posco Completes Corporate Restructuring
Mar. 10, 2010 - Posco has created the Growth Investment division, integrated the Marketing and Production divisions, and established the new post of Chief Technology Officer to increase the synergy on technology independence and development.
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Outokumpu, Ruukki Affected by Stevedores Strike in Finland
Mar. 9, 2010 - Outokumpu reports that the strike of the Finnish stevedores has started to impact its operations in Röyttä harbor in Tornio. At Ruukki, the strike will initially affect the transportation of steel products for export, which will be evident in longer delivery times.
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Outokumpu Oyj Unaffected by Finnish Harbor Workers' Strike
Mar. 5, 2010 - Outokumpu announces that the strike of Finnish harbor workers does not have any material impact on its exports or imports. The private part of the Röyttä harbor, which only serves Tornio Works, is expected to operate “almost normally” with the help of subcontractors.
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PBS Coals Appoints New CEO
Mar. 4, 2010 - Coals Inc. recently appointed Lynn Shanks as CEO. He assumed the position on February 18.
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Ruukki Releases Report on 2009 Environmental Responsibility
Mar. 3, 2010 - Ruukki claims in its 2009 corporate environmental report that it made progress in the energy efficiency of production with the aim of achieving energy savings of 9%, compared to 2005 levels, by 2016. The company spent a total of EUR 21 million on environmental investments in 2009.
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JFE Steel Acquires Stake in Vietnam's Sun Steel
Mar. 2, 2010 - JFE Steel Corp. has acquired 16.64 million shares, or 8%, of Sun Steel Joint Stock Co. (SUNSCO), a manufacturer of galvanized steel sheet and steel pipe in Vietnam. The shares were purchased from Maruichi Steel Tube Ltd.
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Fives Stein Helps Usiminas Increase Plate Mill Capacity
Mar. 2, 2010 - To increase the capacity of the Plate Mill located in Ipatinga, Brazil, Usiminas ordered from Fives Stein Inc. a package consisting of one new Digit@l Furnace® and implementation of Level 2 system by Fives Stein on two existing furnaces.
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ArcelorMittal Reacts to Kumba Iron Ore Supply Stoppage
Mar. 1, 2010 - Trading in shares in ArcelorMittal South Africa was recently halted. The company has received notification from Kumba Iron Ore that from March 1 forward it will not supply iron ore to ArcelorMittal from its Sishen iron ore mine under the terms of their 2001 supply agreement.
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Danieli Carries Out Ezz Flat Steel Minimill Expansion
Mar. 1, 2010 - Danieli is carrying out a major expansion of the Ezz Flat Steel flat products minimill located in the Ain Sukhna Industrial Area in Egypt, with the aim of enlarging the product range to include concrete reinforcement steel bars.
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BHP Billiton Appoints President of Stainless Steel Materials
Feb. 26, 2010 - BHP Billiton has appointed Glenn Kellow as President, Stainless Steel Materials, effective from April 1, 2010. Gerard Bond, who was the CFO of Stainless Steel Materials and has been acting President, will assume the role of Project Director in the Finance Group.
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Second Group of Posco Youth Volunteers Sent Off
Feb. 26, 2010 - The second group of the “Posco Global Hope-Sharing Young Corps” left for Hanoi, Vietnam, on February 19. These youth volunteers will teach locals the Korean language and computer skills until August.
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Two New Members to Join Vallourec’s Supervisory Board
Feb. 25, 2010 - The Supervisory Board of Vallourec recently decided to submit to the vote of the Annual General Shareholders’ Meeting the appointments of Vivienne Cox and Alexandra Schaapveld as members of the Supervisory Board.
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Danieli Completes Existing Wire Rod Mill at Diler Demir Çeljk
Feb. 25, 2010 - The 400,000-tonnes-per-year Danieli high-speed wire rod mill—in operation at the 1.2 million-tonnes-per-year steel complex of Diler Demir Çeljk in Gebze, Turkey, since July 2008—has been completed with the installation of a new straight bar production outlet.
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Corus Confirms Price Increase on Forging Steels
Feb. 25, 2010 - Following Corus Long Products' price rise announcement in January, the company has confirmed a £60-per-tonne increase on the base price of forging steels on all products for delivery from April 5, 2010.
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World Crude Steel Output Climbs Another 2.1% in January 2010
Feb. 23, 2010 - World crude steel production for the 66 countries reporting to the World Steel Association stood at an estimated 109.24 million tonnes in January 2010 — 2.1% higher than the previous month (December 2009) but about 26% higher than January 2009.
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MMK Commissions Secondary Steel Treatment Complex
Feb. 22, 2010 - Magnitogorsk Iron & Steel Works has commissioned a new secondary steel treatment complex at its Oxygen Converter Shop that will facilitate the production of steel grades for high-quality pipes and automotive steel.
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Andec, Kamastal Upgrade with Danieli Equipment
Feb. 22, 2010 - The upgrading of Andec-Acerias Nacionales del Ecuador steelworks in Guayaquil was completed in December with the start of operation of a new 25-tonne Danieli ladle furnace and the associated fume dedusting plant. A new Danieli secondary refining station also was installed as part of the modernization of the existing Kamastal Metallurgical Works Ltd. steelmaking facilities in Perm.
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Posco, KOCEMA to Cooperate on Steel Technologies
Feb. 22, 2010 - Posco recently signed the “Technological Support and Steel Products Supply Agreement for Mutual Cooperation of Large, Mid, and Small Sized Companies” with KOCEMA (Korea Construction Equipment Manufacturers Association) in Seoul.
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Posco Confirms Executive Director Candidates
Feb. 19, 2010 - Posco recently held a board meeting to confirm Posco ICT CEO Han-yong Park, Vice President Chang-gwan Oh (Marketing Director), and Jin-il Kim (Head Manager of Pohang Steelworks) as executive director candidates. They will take the post following approval at the shareholders meeting scheduled for February 26.
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LKAB Plans for Three New Iron Ore Mines
Feb. 19, 2010 - LKAB plans to open an open-pit mine at Gruvberget, near Svappavaara, during the first half of 2010. The company also plans to submit applications this year for a project to drain the Leveäniemi open pit, which was closed in the mid-1980s, and for test drilling at Mertainen.
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Danieli Heavy Section Mill Selected for ESI Minimill Expansion
Feb. 19, 2010 - Emirates Steel Industry (ESI) has contracted Danieli for the completion of Phase 2 expansion of the minimill complex currently in operation in the Mussaffah Industrial Area, Abu Dhabi, with the installation of a new heavy section mill with a capacity of 1 million tonnes per year of large-size sections, beams, columns, and sheet piles.
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Mechel Progresses in Development of Elga Coking Coal Deposit
Feb. 18, 2010 - At the beginning of February, two special heavy machinery convoys departed from the Upper Ulak station (Amur Region) where a Mechel OAO-owned construction base is located. The equipment, which is intended for development of Elga coking coal deposit, has reached the location of the new open pit mine construction.
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Danieli Bar and Section Mill in Operation at Duferdofin-Nucor Giammoro
Feb. 18, 2010 - The new Danieli merchant bar mill was started up in November 2009 at Duferdofin-Nucor Giammoro, Sicily. The 20-stand high-speed continuous mill has a designed capacity of 700,000-tonnes per year of 8 to 25-mm-diameter deformed bars and a range of sections, rolled at rates of 100 tonnes per hour.
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BSP Awarded as Best Integrated Steel Plant
Feb. 18, 2010 - Bhilai Steel Plant (BSP), the flagship unit of Steel Authority of India Ltd., has received the Prime Minister’s Trophy for emerging as the best-performing steel plant in the country for the years 2006-07 and 2007-08.
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Posco Delivers Haiti Relief Funds
Feb. 18, 2010 - Posco delivered relief funds of USD300,000 for Haiti to the Korean National Red Cross President Yoo Chong-ha on February 10, along with a KRW 78 million donation collected from 9447 employees in online contributions between January 22 and 28.
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Danieli Bloom Casters in Operation at Acciaierie Venete, RUE BMZ
Feb. 17, 2010 - A new jumbo-size conticaster for large-size blooms from Danieli has operated successfully since November 2009 at Acciaierie Venete, an Italian SBQ producer. Danieli Centro Met also carried out reconstruction and upgrading of the four-strand No. 3 bloom caster at the No. 2 steel melting shop of Byelorussian Steel Works (RUE BMZ) of Zhlobin, Belarus.
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Pomina, Thep Viet Steel Group Select Tenova Melt Shops
Feb. 16, 2010 - Tenova Melt Shops has been chosen by Pomina and Thep Viet Steel Group to supply a new melt shop unit with a Consteel® EAF. The melt shop is scheduled to be put in operation at the end of 2011 in Phu My Industrial Zone, near Ho Chi Minh City.
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New Paint Shop for Ruukki's Unit in Jászberény
Feb. 15, 2010 - Ruukki plans to invest in a new paint shop and packaging-dispatch department to serve engineering customers at the Jászberény plant in Hungary. The paint shop is expected to come on stream in fall 2010.
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Injuries Down in ArcelorMittal Companies
Feb. 15, 2010 - In 2009, the total number of injuries with lost work days in ArcelorMittal Ostrava was nine, compared with a previous 21 injuries. The rolling mills of ArcelorMittal Frýdek-Místek reported no injury with lost work days last year.
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Danieli Caster in Operation at Usha Martin
Feb. 15, 2010 - A new twin-strand, 12-m-radius Danieli FastCast™ special steel bloom conticaster operates at Usha Martin’s new meltshop in Adityapur (Jamshedpur) in the State of Jharkand. Startup took place in September 2009.
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Rio Tinto Offers Update on Shanghai Employees
Feb. 12, 2010 - Rio Tinto has been advised that the People's Procuratorate has transferred the case relating to the four Shanghai employees, detained since July 5, 2009, to the Shanghai Number One Intermediate Court for trial. A trial date has not yet been set.
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New Danieli Special Steels Rolling Mill for Bhushan
Feb. 12, 2010 - Bhushan Power and Steel Ltd. has selected Danieli as supplier for its new 500,000-tonnes-per-year rolling mill plant to be installed in the state of Orissa, India, for production of specialty and engineering steel long products. Startup is scheduled for the end of 2010.
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Rautaruukki Celebrates 50 Years
Feb. 12, 2010 - February 11, 2010, marked the 50th anniversary of Rautaruukki's foundation. The company was founded by the Finnish State and seven major Finnish metal companies: Fiskars, Lokomo, Otanmäki, Outokumpu, Rauma-Repola, Valmet, and Wärtsilä.
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worldsteel Works with UNEP Toward Low Carbon Society
Feb. 11, 2010 - The World Steel Association has joined the United Nations Environmental Program's Life Cycle Initiative as a Gold Sponsor. worldsteel will provide support for programs and initiatives that advance the development and refinement of life cycle analysis.
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Nippon Steel, Nippon Denko Strengthen Strategic Alliance
Feb. 11, 2010 - Nippon Steel Corp. and Nippon Denko Co., Ltd. have agreed to further strengthen the alliance between them to respond to further changes in the materials environment. Nippon Steel also decides to increase its holding ratio of Nippon Denko shares from 9.5% to 15%.
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Posco Selected as Global Top 100 Company
Feb. 11, 2010 - Posco has been selected as a Davos Forum Global Top 100 Company, being recognized for its profitability as well as social responsibilities. Posco ranked 93rd, while GE ranked 1st in this year’s sustainable-management evaluation.
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worldsteel Announces steeluniversity Challenge Winners
Feb. 10, 2010 - The industry category winner of the fifth steeluniversity.org Challenge was a team from DragonSteel/China Steel Corp. of Taiwan, China, and the runner-up was a team from China’s Wuhan Iron and Steel Corp. The winner and the runner-up in the student category were both from China’s Wuhan University of Science and Technology.
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Posco Green Growth Committee Declares Emissions Reduction Goals
Feb. 9, 2010 - Posco has decided to cut down on carbon dioxide emissions by 9% based on the average of the three most recent years by 2020, as well as to reduce 14 million tonnes of social carbon emissions through manufacturing of energy-efficient steel products and green growth businesses.
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SSAB Names New Head of Strategy
Feb. 9, 2010 - SSAB has appointed John Klint as Head of Strategy and Business Development, a newly created position within the company’s Group Executive Committee.
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Böhler-Uddeholm Announces Management Changes
Feb. 9, 2010 - As part of the restructuring of the Böhler-Uddeholm Group, Heimo Stix, Member of the Management Board with responsibility for the High Performance Metals Division/Production, is terminating his employment with Böhler-Uddeholm AG as of March 31, 2010. Franz Rotter assumes responsibility for the post.
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Linde Technology Helps ArcelorMittal Garner AIST Award
Feb. 9, 2010 - REBOX® oxyfuel technology developed and deployed by Linde North America has helped ArcelorMittal win the AIST 2009 Energy Achievement Award for its efforts to reduce fuel consumption by nearly two-thirds in the billet reheating operation at its Shelby, Ohio, seamless tube mill.
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JFE Steel, Mycron Steel Agree on Strategic Collaboration
Feb. 9, 2010 - JFE Steel Corp. and Mycron Steel Berhad, a Malaysian cold-rolled steel sheet manufacturer, have signed an agreement for strategic collaboration. JFE Steel also has acquired 3% of Mycron Steel’s outstanding equity.
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