Blast furnace 9 at ThyssenKrupp Steel Europe in Duisburg-Hamborn was shut down yesterday for a period of 180 days to allow the refractory lining and parts of the cooling system to be replaced. The steel producer is investing 37 million euros in this modernization project, which will improve the competitiveness and sustainability of the site. With demand for flat steel products currently weaker for inventory cycle reasons and likely to impact production until spring, the company is bringing forward the [...]
POSCO developed the world`s first environment friendly Bismuth (Bi) free cutting steel and entered mass production.
POSCO started development of the Bi free cutting steel which is harmless to the body and environment friendly since 2005 and succeeded in production development after 5 years, completing preparations for mass production recently.
Free-cutting steel means steel that is high in strength but easy to cut, and is in the form of long steel wire rods, round, thin, and long in form.
Until now, free cutting [...]
Lakeside Steel Inc. (LS.V) today announced that the previously announced period in which the Company has agreed to negotiate exclusively with the potential purchaser regarding an acquisition has been extended for 10 days to allow the potential strategic purchaser to complete its due diligence and finalize definitive transaction agreements with the Company.
The potential purchaser’s proposed price at which it would offer to acquire all of Lakeside Steel’s common shares has been amended to $0.30 per share from the previously disclosed [...]
On the occasion of Financial Inclusion Day, Steel Authority of India Limited (SAIL) bagged the Skoch award for Financial Inclusion under the category of ‘Women Empowerment’, in recognition of its multifold initiatives in the area of inclusive growth and poverty alleviation. On receiving the prestigious award from distinguished economist and former RBI Governer Mr C. Rangarajn at a glittering ceremony held here today, SAIL Chairman Mr C.S. Verma said, “It is heartening to note that SAIL’s role in building the [...]
Siemens VAI Metals Technologies has received an order from Shougang Tonghua Iron & Steel Co. to supply equipment to modernize the bar mill in Tonghua.
The project will also optimize the entry of the cooling bed of the bar production and the Garrett reel in the bar in coil production. This is intended to reduce wear on the work pieces considerably, and to improve the quality of the final products. Completion of the modernization is scheduled for mid 2012.
The original bar [...]
SunCoke Energy, Inc. (NYSE: SXC) announced today that Karen B. Peetz, John W. Rowe and James E. Sweetnam have been elected to its board of directors. Ms. Peetz, 56, is vice chairman of the Bank of New York Mellon Corporation and a well-regarded financial services industry expert. Mr. Rowe, 66, is chairman and chief executive officer of Exelon Corporation and a recognized leader in the utility industry. Mr. Sweetnam, 59, most recently the president and chief executive officer and director [...]
Commercial Metals Company today reported net earnings of $107.7 million or $0.93 per diluted share on net sales of $2.0 billion for the first quarter ended November 30, 2011. The earnings represent a substantial improvement over net earnings of $0.7 million or $0.01 per diluted share reported in last year’s first quarter. Net earnings from continuing operations increased significantly to $125.0 million or $1.07 per diluted share as compared to net earnings of $14.9 million or $0.13 per diluted share [...]
SunCoke Energy, Inc. (NYSE: SXC):
* Fourth quarter 2011 U.S. coke production is estimated to be 1,015 thousand
tons, up 11 percent from fourth quarter 2010
* Our new Middletown, Ohio cokemaking facility, which began operations in
October 2011, produced an estimated 68 thousand tons in the fourth quarter
* Full year 2011 U.S. coke production is estimated to be 3,762 thousand
tons, up 5 percent versus full year 2010
* Fourth quarter 2011 financial results are tentatively planned to be
released on February 2, 2012
SunCoke Energy, Inc. (NYSE: SXC) reported preliminary fourth quarter and full
year 2011 [...]
TATA Steel bagged the award in the ‘Metal Category’ at the seventh edition of the prestigious NDTV Profit Business Leadership Awards held in Mumbai on 7th January, 2012.
The award was received by Mr HM Nerurkar MD of TATA Steel on behalf of the Company from the finance minister, Mr Pranab Mukherjee.
The award is recognition of the various initiatives and innovations taken up by TATA Steel to respond and adapt to the ever changing business scenario.
NDTV Profit presented the seventh edition [...]
The owners of Pueblo’s steel plant announced Wednesday that its plan to increase production and improve quality of one of its top products will signify a major investment in its rail mill.
Evraz PLC, the Russian-owned international firm that operates Rocky Mountain Steel Mills, will install equipment to improve head hardening, quality and straightness and the facility’s labs will be upgraded to increase the rate of product development.
The use of head-hardening technology was introduced nearly 20 years ago when Oregon Steel [...]