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News

4/14/2014 - Shandong Luyang Share Co. Ltd.

Unifrax announces China investment

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Unifrax I LLC, N.Y. based manufacturer of specialty fiber products, announced that through affiliates, it has entered into a Share Purchase Agreement to acquire a 29% stake in Shandong Luyang Share Co. Ltd. from Nanma Town Collective Asset Management Center of Yiyuan County and has concurrently entered into several agreements with Luyang to establish a strategic cooperation relationship between Unifrax and Luyang. This includes a technology license agreement that will allow Luyang to use certain Unifrax manufacturing technology. Unifrax is majority owned by affiliates of American Securities LLC.

Luyang develops, manufactures and sells a variety of refractory and insulation materials used primarily in China. Luyang is a leader in the Chinese marketplace and has been in business for 30 years. It is headquartered in Yiyuan County, Zibo, Shandong, China and has four manufacturing locations in Yiyuan, Xinjiang, Guizhou and Inner Mongolia and 69 sales offices across China.

This investment and related agreements makes Unifrax, upon closing, the largest shareholder of Luyang and provides a framework for the companies to align their joint capabilities in the Chinese market. It also establishes Unifrax as the exclusive distributor of Luyang products in North America and South America, Europe, and India to drive improved growth and establishes a foundation for further collaboration in emerging markets.

Source: Unifrax I LLC, Niagara Falls, NY/USA
SSAB
4/10/2014 - New blast furnace PCI system

Ruukki to improve cost efficiency at the Raahe steel mill

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Rautaruukki is to replace the blast furnace oil injection system at the Raahe steel mill with a new pulverised coal injection (PCI) system. The aim is to improve steelmaking cost efficiency by reducing raw material costs. The total investment will be around € 65 million and will be spread over slightly more than two years. In addition, work is underway on replacing the converters in the steel plant at the Raahe Works.

Source: Ruukki, Helsinki
4/10/2014 - Republic Alternative Technologies Inc.

Outotec acquires premium coated titanium anode business

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Outotec has acquired the business and IPRs of Republic Alternative Technologies Inc., a premium coated titanium anode engineering and fabrication company based in Cleveland, Ohio, USA. The acquisition complements Outotec's offerings for sustainable electrowinning plants and supports the company's strategy to grow its service business through providing life-cycle solutions to the customers. The transaction was completed on April 4, 2014. The acquisition price is not disclosed.

Source: Outotec Oyj, Helsinki
4/10/2014 - Energy and Environmental State Aid

New guidelines offer only limited protection from increases in electricity prices

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“We appreciate the aim of the guidelines that the energy intensive industry, such as steel industry should be protected from artificial increase in electricity prices due to support offered to preferred energy generation technologies”, Gordon Moffat comments on the adoption of the new guidelines for energy and environmental state aid today by the European Commission and adds, “however the 15 % minimum contribution to national renewables subsidies will still lead to a further substantial increase in energy costs for many energy intensive companies in the EU, costs which competitors do not have to bear”.

Source: Eurofer, Brussels
4/10/2014 - World Steel Association

Short Range Outlook 2014-2015

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The World Steel Association (worldsteel) released its Short Range Outlook (SRO) for 2014 and 2015. worldsteel forecasts that global apparent steel use will increase by 3.1% to 1 527 Mt in 2014 following growth of 3.6% in 2013. In 2015, it is forecast that world steel demand will grow further by 3.3% and will reach 1 576 Mt.

Source: worldsteel, Brussels
4/9/2014 - worldsteel

Raw Materials Improvement Report now available

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The World Steel Association (worldsteel) has published a major technical report on raw materials improvement in the steel industry. The report, which is the result of a project undertaken by worldsteel member companies and with the co-operation of raw materials and equipment suppliers, addresses the key challenges faced by the steel industry in the management of raw material quality.

Source: worldsteel, Brussels
The 3.1-mile twin span cable-stayed bridge is the single largest bridge construction project in New York’s history. Foto: AM
The 3.1-mile twin span cable-stayed bridge is the single largest bridge construction project in New York’s history. Foto: AM
4/8/2014 - “New NY Bridge” project

ArcelorMittal US plates go into record-breaking New York bridge

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ArcelorMittal plate mills in Burns Harbor, Coatesville and Conshohocken are supplying 160 000 t of high performance steel that will be used in the unique, US$3.9bn “New NY Bridge” project. The 3.1-mile twin span cable-stayed bridge is the single largest bridge construction project in New York’s history, and the largest transportation design-build project to date in the United States. The project involves upgrading the Tappan Zee Bridge spanning the Hudson River between Rockland and Westchester Counties in New York.

Source: ArcelorMittal, Luxembourg
4/8/2014 - Comminution product portfolio

Outotec cooperates with Tomra Sorting GmbH

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Outotec has agreed with Tomra Sorting GmbH on cooperation in the supply of Outotec-branded sorting solutions for the mining and metallurgical industry. Tomra Sorting is a global leader in sorting technology, setting the bar for sensor-based sorting.  By combining Tomra's sorting equipment and Outotec's comprehensive application and comminution expertise, customers can be offered energy-efficient process solutions which help them to increase productivity, decrease costs and thereby extend the life of their mining operations and increase the overall value of their deposit.

Source: Outotec Oyj, Helsinki
4/3/2014 - Overdrive Award winner

General Motors honours ArcelorMittal as a 2013 Supplier of the Year

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ArcelorMittal was named a GM Supplier of the Year and received the automaker’s Overdrive Award during General Motors 22nd annual Supplier of the Year awards ceremony. The event was held on Wednesday, March 12 at the Cobo Center in Detroit, Michigan. GM’s exclusive Supplier of the Year honour was presented to only 68 suppliers who have consistently exceeded GM’s expectations by being innovative, delivering quality products and services on time and by creating outstanding value. 

Source: ArcelorMittal, Luxembourg
New Optim 700 QL1 is a structural steel with improved impact strength properties. Applications include cranes, load-bearing structures as well as frame structures and components of heavy machinery. Photo: Ruukki
New Optim 700 QL1 is a structural steel with improved impact strength properties. Applications include cranes, load-bearing structures as well as frame structures and components of heavy machinery. Photo: Ruukki
4/3/2014 - New Ruukki Optim 700 QL1 high-strength steel

Improved impact strength for extreme conditions

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Ruukki's Optim portfolio of high-strength structural steels has been expanded with yet another new Optim grade. The new Optim 700 QL1 is a structural steel with improved impact strength properties. The impact strength of Optim 700 QL1 has been tested at a temperature of -60 oC making it ideal for use in very demanding conditions and at sub-zero temperatures. Applications include cranes, load-bearing structures as well as frame structures and components of heavy machinery.

Source: Ruukki, Helsinki
Ruukki Expression enables graphic designs to be installed onto a façade surface. Photo: Ruukki
Ruukki Expression enables graphic designs to be installed onto a façade surface. Photo: Ruukki
4/2/2014 - Ruukki's panel system

Ruukki sets the challenge for attractive, energy-efficient industrial buildings

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Exterior walls of buildings completed using Ruukki's panel system can now be given a new visual splendour. Two new additions to the façade system combine architecturally desirable visuality with ecology and the economic goal of energy efficiency. Façades in Ruukki's façade system can be created by installing façade products, such as Liberta rainscreen panels or graphic designs, onto the panel surface. The new products enable the construction of energy-efficient, personalised buildings at a sensible price providing value for money.

Source: Ruukki, Helsinki
4/2/2014 - Resolutions of the Annual General Meeting

Outotec Oyj pays a dividend of € 0.20 per share

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Outotec Oyj's Annual General Meeting was held on March 31, 2014 in Helsinki, Finland. The meeting was opened by the Chairman of the Board of Directors Mr. Matti Alahuhta and chaired by Mr. Manne Airaksinen, attorney-at-law. The Annual General Meeting approved the parent company and the consolidated Financial Statements, and discharged the members of the Board of Directors and the President and CEO from liability for the financial year 2013. The Annual General Meeting decided that a dividend of € 0.20 per share be paid for the financial year ended on December 31, 2013. The dividend record date is April 3, 2014, and the dividend will be paid on April 17, 2014.

Source: Outotec Oyj, Helsinki
3/31/2014 - Eurometal Steel Net Forum conference

Full conference programme released

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Organizers of the Eurometal Steel Net Forum 2014, taking place on May 23 in Stockholm, Sweden, have now released the full conference program. The theme of the conference is "New Dynamics for Steel Markets in Northern Europe" and it includes several European and Nordic top speakers, a Nordic conference slot in the afternoon and world famous motivational speaker Magnus Lindkvist.

Source: Eurometal, Luxembourg
3/31/2014 - EEAG should guarantee industrial competitiveness

EU state aid rules undermine affordable energy prices

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In a joint letter, addressed to the President of the European Commission, José Manuel Barroso, industriAll European Trade Union and The European Steel Association Eurofer explain that the Commission’s draft Environmental and Energy Aid Guidelines (EEAG) undermine the objectives for affordable energy prices and industrial competitiveness asset out by the European Council on 2021 March.

Source: Eurofer, Brussels
3/31/2014 - European Steel Technology and Applications Days (ESTAD)

Paul Wurth at ESTAD-JSI Conference in Paris

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Steelmaking societies of several European countries have organised a new conference format: the European Steel Technology and Applications Days (ESTAD). The first edition will be conducted in Paris, 7-8 April 2014, in cooperation with French FFA’s 31st Journées Sidérurgiques Internationales. The following papers by Paul Wurth are included in the conference programme:

  • Copper staves cooled blast furnaces – The key for efficient operation and long campaign (Session: Ironmaking 1, April 7)
  • Successful upgrade of PCI facility leads to injection rates above 240 kg/tHM at ArcelorMittal Gent (Session: Ironmaking 2, April 7)
  • Tuyere Phenomena Detection System (Session: Ironmaking 2, April 7)
  • Dry slag granulation with energy recovery: From inception to pilot plant (Session: Energy 1, April 7)
  • De-oiling of oily mill sludge and scales (Session: Sintering, April 8).
Source: Paul Wurth S.A., Luxembourg