http://www.steelonthenet.com steel industry rss feed http://www.eurofer.org/index.php/eng/News-Publications/Press-Releases/EU-steel-market-first-green-shoots-of-recovery [Steelonthenet.com] London, UK; 04 Feb 2010 - EUROFER's quarter 1-2010 report on the Economic and Steel Market Outlook 2010-2011 signals that economic momentum in the EU economy should gradually gain further strength this year. Progress will be slow and surrounded by uncertainties; however, the risks are now much more balanced than a year ago [more ...] Thu 04 Feb 2010 12:25:00 +0100 http://www.steelonthenet.com/SBQ [Steelonthenet.com] London, UK; 02 Feb 2010 - Volume recovery in West European engineering steel markets (or SBQ steel), where demand collapse has been close to 50% since 2007, is expected to be slow according to a new report published by steel experts MCI [more ...] Tue 02 Feb 2010 15:25:00 +0100 http://www.eurofer.eu/index.php/eng/News-Publications/Press-Releases/European-Commission-opens-cartel-investigation-against-joint-venture-of-BHP-Billiton-and-Rio-Tinto [Steelonthenet.com] Brussels, Belgium; 25 Jan 2010 - The European Commission today announced to open an investigation according to Article 101 of the Treaty on the Functioning of the European Union (TFEU) on the impact on the common market by the proposed joint venture between mining companies BHP Billiton and Rio Tinto [more ...] Mon 25 Jan 2010 13:30:00 +0100 http://www.worldsteel.org/?action=newsdetail&id=285 [Steelonthenet.com] Brussels, Belgium; 22 Jan 2010 - World crude steel production reached 1,220 million metric tons for the year of 2009. This is a decrease of -8.0% compared to 2008 [more ...] Thu 22 Jan 2010 13:40:00 +0100 http://www.steelonthenet.com/commerce/profiles/polish_steel.html [Steelonthenet.com] London, UK; 19 Jan 2010 - In a new report about the Polish steel industry, consultants MCI describe a number of steelmaking investment and acquisition opportunities and discuss steel demand growth in Poland to 2020 [more ...] Tue 19 Jan 2010 09:40:00 +0100 http://www.steelonthenet.com/pdf/Kobe_Steel_14-Jan-10.pdf [Steelonthenet.com] Tokyo, Japan; 14 Jan 2010 - Kobe Steel Ltd announces that the world's first commercial plant using the ITmk3 Process successfully began production of iron nuggets in the United States [more ...] Thu 14 Jan 2010 08:40:00 +0100 http://www.eurofer.eu/index.php/eng/News-Publications/Press-Releases/Manifesto-of-the-European-steel-industry-for-the-Commission-2010-2014 [Steelonthenet.com] Brussels, Belgium; 12 Jan 2010 - In time with the start of the European Parliament hearings with the designated Commissioners, the European Confederation of Iron and Steel Industries (EUROFER) has published a Manifesto of the European steel industry for the European Commission 2010-2014. The Manifesto, which outlines the crucial role that the European steel industry [more ...] Tue 12 Jan 2010 11:00:00 +0100 http://www.nucor.com/investor/news/releases/?rid=1372538 [Steelonthenet.com] Charlotte, N.C., USA; 07 Jan 2010 - Nucor Corporation announced that Harvard Business Review has recognized Dan DiMicco and Nucor's management team in its ranking of 'The Best-Performing CEOs in the World' reported in the magazine's January-February 2010 edition [more ...] Thu 07 Jan 2010 18:15:00 +0100 http://www.worldstainless.org/News/Media+releases/Drop+in+Stainless+Production+Tempered+by+Third+Quarter+Recovery.htm [Steelonthenet.com] Brussels, Belgium; 05 Jan 2010 - Preliminary figures released today by the International Stainless Steel Forum (ISSF) show that world stainless steel production decreased by 15% in the first nine months of 2009 when compared to the same period of 2008 [more ...] Tue 05 Jan 2010 16:40:00 +0100 http://www.mmk.ru/eng/press/news/article.wbp?article-id=DE6315B3-AC10-1016-0180-F96CEC82FBCB [Steelonthenet.com] Magnitogorsk, Russia; 31 Dec 2009 - MMK today commissioned Continuous Slab Casting Machine No 6 in the oxygen-converter shop. This marks a successive stage of Plate Mill 5000 complex development in order to produce plates for wide-diameter pipe production [more ...] Thu 31 Dec 2009 09:25:00 +0100 http://www.ruukki.com/www/news.nsf/HeadlinesPublicEng/0E1422B27334B5DBC225769B003D00BD [Steelonthenet.com] Helsinki, Finland; 29 Dec 2009 - Ruukki is planning to reorganise operations at its Mo i Rana plant in Norway, which makes shipbuilding profiles and flange profiles for windmill towers. Ruukki will study the options, including the partial or entire closure of operations in Mo i Rana, available to correct the unit's financial performance [more ...] Tue 29 Dec 2009 12:35:00 +0100 http://www.steelonthenet.com/pdf/Eurofer_21-Dec-09.pdf [Steelonthenet.com] Brussels, Belgium; 21 Dec 2009 - 'The Copenhagen deal is a disappointment. We had hoped that an agreement in Copenhagen would have resulted in a global level playing field between industrial competitors worldwide', said EUROFER director general Gordon Moffat [more ...] Mon 21 Dec 2009 21:40:00 +0100 http://www.worldsteel.org/?action=newsdetail&id=283 [Steelonthenet.com] Brussels, Belgium; 21 Dec 2009 - World crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) was 107.5 million metric tons (mmt) in November 2009. This is 24.2% higher than November 2008. November 2009 is the third month in a row showing a positive year-on-year growth rate since September 2008 [more ...] Mon 21 Dec 2009 21:05:00 +0100 http://www.steelonthenet.com/pdf/HBIA_Dec_2009.pdf [Steelonthenet.com] Matthews, NC, USA; 11 Dec 2009 - HBI Association (HBIA) announces the publishing of guides for handling, maritime carriage, and storage of Hot Briquetted Iron (HBI) and high moisture (up to 12 percent) Direct Reduced Iron (DRI) Fines [more ...] Sat 12 Dec 2009 12:30:00 +0100 http://www.mechel.com/news/article.wbp?article-id=E69D7C00-3542-422D-A536-B6C7B5E35834 [Steelonthenet.com] Moscow, Russia; 02 Dec 2009 - Mechel OAO, one of the leading Russian mining and metals companies, announces agreement with VTB Bank about 3 year prolongation of the 15 billion rubles loan given to Mechel in 2008 [more ...] Wed 02 Dec 2009 13:55:00 +0100 http://www.worldsteel.org/?action=newsdetail&id=280 [Steelonthenet.com] Brussels, Belgium; 20 Nov 2009 - World crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) was 112 million metric tons (mmt) in October 2009. This is 13.1% higher than October 2008. Following a revision of the September production figures, this is the second month in a row showing a positive growth rate since September 2008 [more ...] Fri 20 Nov 2009 11:50:00 +0100 http://www.mmk.ru/eng/press/news/article.wbp?article-id=0568FA37-AC10-1016-00DC-B03BABD23ACC [Steelonthenet.com] Istanbul, Turkey; 18 Nov 2009 - MMK Atakas, a Turkish project company, closed the long term financing for the construction of its integrated flat steel making complex and related infrastructure facilities in Turkey [more ...] Wed 18 Nov 2009 22:05:00 +0100 http://ir.tenaris.com/releasedetail.cfm?ReleaseID=424811 [Steelonthenet.com] Luxembourg, 17 Nov 2009 - Tenaris S.A. (Tenaris) announced that pursuant to Decree Law 6058 and Decree 6796, Venezuela, acting through PDVSA Industrial S.A. (a subsidiary of Petroleos de Venezuela S.A.), formally assumed exclusive operational control over the assets of Tavsa, Tubos de Acero de Venezuela S.A. (Tavsa) [more ...] Tue 17 Nov 2009 20:40:00 +0100 http://www.eurofer.org/index.php/eng/News-Publications/Press-Releases/Joint-Venture-of-mining-giants-will-result-in-higher-prices-in-Europe [Steelonthenet.com] Brussels, Belgium; 16 Nov 2009 - In a global market already dominated by an oligopoly with just three suppliers - Vale, Rio Tinto and BHP Billiton - and in which the price of the iron ore has already reached a historical high in 2008, a joint venture of Australian iron ore assets is fundamentally [more ...] Mon 16 Nov 2009 14:20:00 +0100 http://www.salzgitter-ag.de/en/Presse/Pressearchiv/2009/Salzgitter_Konzern_verzeichnet_Ergebnisverbesserung_im_3_Quartal_2009/ [Steelonthenet.com] Salzgitter, Germany; 12 Nov 2009 - Since the general economic conditions started to brighten over the course of the first half year 2009, the Salzgitter Group achieved a notable improvement in results in the third quarter. The impact of the global financial crisis, however [more ...] Fri 13 Nov 2009 09:15:00 +0100 http://www.ruukki.com/www/news.nsf/HeadlinesPublicEng/7FC02AE2302C1CF2C22576650034501F [Steelonthenet.com] Helsinki, Finland; 05 Nov 2009 - Rautaruukki Corporation has issued a EUR 150 million bond targeted at domestic investors. This five-year bond carries an annual fixed rate coupon of 5.25 per cent. The bond is the first tranche [more ...] Thu 05 Nov 2009 09:45:00 +0100 http://www.steelonthenet.com/commerce/profiles/polish_steel.html [Steelonthenet.com] London, UK; 02 Nov 2009 - In a newly published report, steel experts MCI discuss the responsibility for historic land contamination in Poland and assert that the authorities' approach to removal of old environmental burdens has been a major disappointment. Handling of these issues in Poland is in stark contrast to the approach in East Germany and in the Czech Republic where [more ...] Mon 02 Nov 2009 15:45:00 +0100 http://www.mechel.com/news/article.wbp?article-id=BF08F485-DE51-4489-860E-95BD4D15AF1E [Steelonthenet.com] Moscow, Russia; 02 Nov 2009 - Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces appointment of the new Chief Executive Officer for Mechel's East-European Steel Division. Viktor Dyshlevich (51) is appointed Chief Executive Officer for Mechel's East-European Steel [more ...] Mon 02 Nov 2009 15:05:00 +0100 http://www.steelonthenet.com/pdf/HBIA_Stalberg_Oct_2009.pdf [Steelonthenet.com] Matthews, North Carolina, USA; 26 Oct 2009 - The HBI Association (HBIA) Board of Directors approved the nomination of Kurt Stalberg to serve as vice president and a member of the Executive Committee at its recent meeting in Milan, Italy, prior to the HBIA Annual General Meeting [more ...] Mon 26 Oct 2009 08:20:00 +0100 http://www.worldsteel.org/?action=newsdetail&id=279 [Steelonthenet.com] Brussels, Belgium; 23 Oct 2009 - World crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) was 107 million metric tons (mmt) in September. This is -0.6% lower than September 2008. World total crude steel production month-on-month has continued to show a steady increase since April 2009 [more ...] Fri 23 Oct 2009 11:10:00 +0100 http://www.eurofer.eu/index.php/eng/News-Publications/Press-Releases/EU-steel-market-stuck-in-slow-motion [Steelonthenet.com] Brussels, Belgium; 22 Oct 2009 - Eurofer's October report on the Economic and Steel Market Outlook 2009-2011 shows that the EU economy most likely turned the corner during the 3rd quarter of 2009. However, the recovery pencilled in for the coming quarters will be slow and is still surrounded by high levels of uncertainty [more ...] Thu 22 Oct 2009 12:35:00 +0100 http://www.nlmksteel.com/StandardPage____1161.aspx [Steelonthenet.com] Lipetsk, Russia; 22 Oct 2009 - NLMK has commissioned the fourth Hot-Dip Galvanizing Line (HDGL-4) with an annual capacity of 300,000 tonnes at the main production site in Lipetsk. The thinner galvanized steel (up to 0.22mm) will allow the Company to expand its product mix. The new process line is designed for the production of wide hot-dip galvanized flats with a thickness ranging from 0.22mm to 0.8mm [more ...] Thu 22 Oct 2009 09:50:00 +0100 http://www.mechel.com/news/article.wbp?article-id=CA6772A4-3E1D-40C7-9C0E-22704C1DFCA5 [Steelonthenet.com] Moscow, Russia; 21 Oct 2009 - Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces that it has completed placement of non-convertible interest-bearing documentary bonds of 05 series with total value of 5 billion rubles Mechel completed placement of its secured non-convertible interest-bearing documentary bonds [more ...] Wed 21 Oct 2009 13:15:00 +0100 http://www.steelonthenet.com/commerce/profiles/polish_steel.html [Steelonthenet.com] London, UK; 20 Oct 2009 - Steel consultants MCI have just released a new report about the Polish steel industry. Describing both supply and demand for steel, the report addresses recent mill ownership history, current industry structure, present capacities, production and capacity utilisation, environmental issues, and productivity; as well as steel demand levels, demand segmentation and future steel consumption. The authors also outline an industry SWOT analysis and discuss some of the key management challenges ahead [more ...] Tue 20 Oct 2009 14:30:00 +0100 http://www.northlandresourcesinc.com/s/NewsReleases.asp?ReportID=367199 [Steelonthenet.com] Lulea, Sweden; 13 Oct 2009 - In response to better than expected iron concentrate market conditions, Northland Resources Inc. (Northland) has reorganized its senior management to expedite the development of its key projects in Sweden and Finland [more ...] Tue 13 Oct 2009 16:50:00 +0100 http://www.worldsteel.org/?action=newsdetail&id=275 [Steelonthenet.com] Beijing, China; 12 Oct 2009 - The World Steel Association (worldsteel) is forecasting that apparent steel use will contract worldwide by - 8.6% to 1,104 mmt in 2009 after declining by -1.4% in 2008. This is an improved figure over the spring forecast issued in April 2009 which predicted a decrease of - 14.1%. The improvement is largely due to the exceptionally strong growth in steel demand in China. With signs, from the beginning of the second half of 2009, of a recovery across the world now apparent, global steel demand in 2010 is forecast to grow by 9.2% to 1,206 mmt which is a recovery to the level of 2008 [more ...] Mon 12 Oct 2009 09:25:00 +0100 http://www.ruukki.com/www/news.nsf/HeadlinesPublicEng/01AAEFE25C1D7566C225764A001EB4C8 [Steelonthenet.com] Helsinki, Finland; 09 Oct 2009 - Ruukki has signed a contract to deliver and install the steel structures for a bridge over the Kyronsalmi strait in Savonlinna, Finland. The bridge is part of the highway 14 development project. Ruukki's customer in the project is YIT Construction [more ...] Fri 09 Oct 2009 08:48:00 +0100 http://www.worldstainless.org/News/Media+releases/Stainless+steel+production+for+first+half+of+2009+down.htm [Steelonthenet.com] Brussels, Belgium; 22 Sep 2009 - Preliminary figures released by the International Stainless Steel Forum (ISSF) show that stainless steel crude steel production decreased in the first half of 2009 by 26.7% compared to the same period of 2008. Total production for the first six months of 2009 was 10.8 million metric tons (mmt). All major regions showed lower production volumes in the first half year 2009. Only China reported an increased production volume during the period [more ...] Tue 22 Sep 2009 10:20:00 +0100 http://www.worldsteel.org/?action=newsdetail&id=274 [Steelonthenet.com] Brussels, Belgium; 21 Sep 2009 - World crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) was 106.5 million metric tons (mmt) in August. This is -5.5% lower than August 2008. World crude steel production has continued to show a steady increase since April 2009 [more ...] Mon 21 Sep 2009 16:27:00 +0100 http://www.ruukki.com/www/news.nsf/HeadlinesPublicEng/02EFF4F8157FF3C8C2257635002F3197 [Steelonthenet.com] Helsinki, Finland; 18 Sep 2009 - Ruukki is supplying the steel frame and Ikea-blue sandwich panels for Ikea's new home furnishings superstore currently under construction in Tampere. The store will be the first steel-framed Ikea in Finland. Ruukki's delivery includes frame design, manufacture and installation, as well as panel deliveries and design of the cladding elements. The order is worth almost EUR 2 million [more ...] Fri 18 Sep 2009 10:25:00 +0100 http://www.metinvest.com/eng/press-centr/press-relizi/predpriatia--metalloinvesta--s/ [Steelonthenet.com] Moscow, Russia; 17 Sep 2009 - Ural Steel (a subsidiary of Metalloinvest holding) created over 400 working places within a joint program with employment center of Novotroitsk. The program is aimed at two categories of population: graduates of vocational schools and unemployed. Ural Steel arranges quite a number of working places for young specialists and has already engaged for training [more ...] Thu 17 Sep 2009 12:10:00 +0100 http://www.mechel.com/news/article.wbp?article-id=6ADAAEFD-5E53-4C5E-B8E2-29CE9C83DC5C [Steelonthenet.com] Beloretsk, Russia; 11 Sep 2009 - Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces commissioning of the new production line for cold-deformed reinforcement wire held today at its Beloretsk Metallurgical plant (BMP) subsidiary [more ...] Fri 11 Sep 2009 14:41:00 +0100 http://www.steelonthenet.com/pdf/data_m_sheet_metal_20-Aug-09.pdf [Steelonthenet.com] Grevenbroich, Germany; 20 Aug 2009 - data M has been renamed, and the reason is rather simple: During more than two decades the company has changed a lot, and so has a great part of its business activity. The former company name [more ...] Thu 20 Aug 2009 19:09:00 +0100 http://www.worldsteel.org/?action=newsdetail&id=273 [Steelonthenet.com] Brussels, Belgium; 20 Aug 2009 - World crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) was 103.9 million metric tons (mmt) in July. Although this is -11.1% lower than July 2008 production, it is the highest monthly production figure this year [more ...] Thu 20 Aug 2009 13:21:00 +0100 http://www.steelonthenet.com/files/slovakia_steel_mills_19-Aug-09.doc [Steelonthenet.com] Kosice, Slovakia; 19 Aug 2009 - Slovakia Steel Mills, a.s. (SSM) is currently building a new steel and rolling mill in Strazske, Slovak Republic. The construction continues in accordance to the announced Project Schedule. More intensive personnel hiring is planned towards the end of 2009. SSM has invested [more ...] Wed 19 Aug 2009 21:47:00 +0100 http://www.timken.com/en-us/about/NewsRoom/Stories/Pages/TimkenForgesAgreementlSealsinIndia.aspx [Steelonthenet.com] Bangalore, India; 11 Aug 2009 - The Timken Company announced that Timken India Ltd has signed a marketing agreement with India's Spareage Seals Limited, which will allow Timken to offer Spareage's complete range of oil seals to customers and distributors throughout India [more ...] Tue 11 Aug 2009 19:06:00 +0100 http://www.mechel.com/news/article.wbp?article-id=FB2AA551-3ACE-4811-B302-BD94593DA341 [Steelonthenet.com] Moscow, Russia; 10 Aug 2009 - Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces the Memorandum of Cooperation signing with Mitsui & Co. Corporation. On August 6, 2009 the meeting between the heads of both of the companies took place in Moscow office of Mechel [more ...] Mon 10 Aug 2009 14:25:00 +0100 http://www.steelonthenet.com/pdf/MCI_news_30-Jul-09.pdf [Steelonthenet.com] London, UK; 30 Jul 2009 - Metals Consulting International Limited [MCI], the UK-based metal sector consultancy, is pleased to announce that it has been admitted as a Member of the Institute of Business Consulting [IBC]. The steel consulting unit of MCI is now a Recognised Practice at the IBC [more ...] Thu 30 Jul 2009 09:45:30 +0100 http://www.steeldynamics.com/index.php?menu_id=23&news_id=254 [Steelonthenet.com] Fort Wayne, Indiana, USA; 22 Jul 2009 - Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced a loss of $0.08 per diluted share for the second quarter of 2009. This was a narrower loss than was expected in mid-June due to a change in the company's estimated annual income tax rate, which reduced the second quarter net loss by $0.02 per diluted share. Net losses for the second quarter of 2009 were $16 million, compared to a net loss of $88 million, or $0.48 per diluted share, in the first quarter of 2009 and net income of $210 million, or $1.05 per diluted share, in the second quarter of 2008 [more ...] Wed 22 Jul 2009 08:15:00 +0100 http://www.mechel.com/news/article.wbp?article-id=C7D05FCD-5F44-409B-93C3-0E0CD9B7855F [Steelonthenet.com] Moscow, Russia; 20 Jul 2009 - Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces successful closing of the deal for refinancing its short-term credit facilities totaling 2.6 billion US dollars raised to purchase assets in Yakutia and Oriel Resources Ltd [more ...] Mon 20 Jul 2009 10:35:00 +0100