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8/28/2014 - Ruukki

Change of CEO at Rautaruukki

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Rautaruukki's new Board of Directors has appointed Olavi Huhtala, EVP and Head of SSAB Europe, as Rautaruukki's new chief executive officer with effect from 1 September 2014. He will serve as CEO in addition to his own position. Sakari Tamminen, the company's current chief executive officer and chairman of the Corporate Executive Board, will continue to serve the company until the end of the year in matters involving the combination of Ruukki and SSAB, and will exercise his right to retire at the beginning of 2015. Rautaruukki became a subsidiary of SSAB on 29 July 2014.

Source: Ruukki, Helsinki
8/28/2014 - Ruukki

Resolutions of Rautaruukki Corporation's Extraordinary General meeting

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Rautaruukki Corporation's Extraordinary General Meeting was held yesterday in Helsinki. A total of 32 shareholders were represented at the Meeting. It was confirmed that the number of members of the Board of Directors is four (4). Martin Lindqvist, President and CEO; Håkan Folin, Executive Vice President and Chief Financial Officer; Jonas Bergstrand, Executive Vice President and Head of Legal & Strategy, all from SSAB AB (publ), and Mikko Hietanen, Acting CFO of Rautaruukki Corporation, were elected to the Board. Martin Lindqvist was elected as chairman of the Board of Directors and Jonas Bergstrand was elected as deputy chairman.

Source: Ruukki, Helsinki
8/28/2014 - 2nd ESTAD (European Steel Technology and Application Days)

Deadline for Abstract Submission open until 12 September 2014

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The deadline for Abstract Submission for the 2nd ESTAD (European Steel Technology and Application Days) 15 - 19 June 2015 CCD Congress Center Düsseldorf, Germany ends soon. Due to the great interest shown, the Steel Institute VDEh has decided to keep the Abstract Submission open until 12 September 2014. If you have not submitted your abstract up to this point, you might want to take your chance before this date expires.

Source: Steel Institute VDEh, Düsseldorf
8/27/2014 - Egyptian El Marakby Steel Plant

GE’s global scale, domain expertise and innovation helps to increase production and save cost

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Egyptian steel makers are facing tough requirements to comply with the Grid code parameters put in place by the Electrical authorities to ensure the power quality and the stability of the transmission grid. Addressing this issue, GE’s Power Conversion business was chosen by El Marakby Steel in Egypt to supply a Dynamic Var Compensator (DSVC) to reduce the frequency and intensity of power disturbances generated by the Electrical Arc Furnace of El Marakby Steel new melting shop.

Source: GE, Paris
8/25/2014 - Kallanish

Commodity Hedging Workshop

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This Hedging Workshop is organised by Kallanish and Commos Consulting. The participants will be educated in iron ore price risk management, using case studies, lectures, and interactive simulations on Hedge Tutor software. The workshop aims to reach Steel producers,Traders, Banks and Financial institutions and will take place on October 1, 2014, and the following day in London.

Source: Kallanish Commodities, Hammersmith
8/25/2014 - Buhlmann Group

Mobile Application now available for tablets for Android

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Comprehensive information on pipe, pipe connector and pipe accessory stock – with immediate effect Buhlmann Group provides this information in their new mobile application. Available for iPad and as of late for tablets for Android TM, the app quickly and easiliy furnishes you with an overview of the immense range of this globally operating, premium trading house.

Source: Buhlmann Rohr-Fittings-Stahlhandel GmbH & Co. KG, Bremen
8/25/2014 - worldsteel

2014 map of China steel mills available now

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The World Steel Association (worldsteel) has published the 2014 edition of its map of Chinese mainland steel plants. It is available for purchase as a large format wall poster or a PDF file. The map highlights the essence of the Chinese steel industry, showing the geographical and economic landscape of the country’s steel industry at a glance.

Source: worldsteel, Brussels
8/21/2014 - worldsteel

July 2014 crude steel production increases

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World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 137 million t (Mt) in July 2014, an increase of 1.7% compared to July 2013. China’s crude steel production for July 2014 was 68.3 Mt, up by 1.5% compared to July 2013. Elsewhere in Asia, Japan produced 9.3 Mt of crude steel in July 2014, the same level of production as in July 2013. South Korea produced 5.9 Mt of crude steel in July 2014, up by 6.2% on July 2013.

Source: worldsteel, Brussels
Economics, environmental and social benefits of steel housing. Source: worldsteel
Economics, environmental and social benefits of steel housing. Source: worldsteel
8/20/2014 - Affordable social housing

Steel solutions in the green economy

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The World Steel Association (worldsteel) has published the third booklet in the Steel Solutions in the Green Economy series titled Affordable social housing. This booklet illustrates the economic, environmental and social benefits of steel modular houses. Steel is lightweight compared to many other building materials used for the same purpose and thus requires less material and less transportation. This lowers overall building costs. Steel’s long lifespan and flexibility to create adaptable spaces also provides a cost advantage. As steel building components can be cut to precise specifications or prefabricated off-site, on-site waste is minimised and any steel scrap generated can be 100% recycled. Steel structures also help improve energy efficiency and thermal comfort. Lastly, the houses offer a quality and affordable solution to deprived families in need of shelter. A basic house can be erected in days and the houses’ resistance to earthquakes and high winds make them safer to live in.

Source: worldsteel, Brussels
8/19/2014 - voestalpine: Construction of Texas facility is on schedule to be operational by 1stQ16

First Components for Texas project arrive at Port Corpus Christi

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The first structural shipment for the construction of the voestalpine, Texas facility was scheduled to arrive at cargo dock 9 on board the MV BBC Zarate on Monday, August 18, 2014. The shipment consists of 2 200 t of structural steel for the reformer building and for the furnace tower; made up of welded steel columns, frames, beams and bracings. The total weight of the project cargo is estimated at 10 000 t.

Source: Port of Corpus Christi, Corpus Christi, TX, United States
8/12/2014 - Four separate North Sea projects

Tata Steel signs contracts to supply pipes to Subsea 7

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Tata Steel has signed a series of contracts with Subsea 7 - one of the world's leading contractors in engineering, construction and subsea services to the offshore industry - to supply undersea pipes to four separate North Sea projects. The four contracts, signed over the past year and worth an estimated £10 million in total, will see Tata Steel supply in excess of 55km of pipe weighing more than 9 000 t. To mark the strengthening relations between the two companies, Tata Steel and Subsea 7 have also signed a global framework agreement. This agreement cements and formalises the companies' long-standing partnership, which first began 25 years ago.

Source: Tata Steel, London
8/12/2014 - Nippon Steel & Sumitomo Metal Corporation and PT Krakatau Steel

Execution of a definitive agreement on a Joint Venture

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Nippon Steel & Sumitomo Metal Corporation (NSSMC) and PT Krakatau Steel Tbk (PTKS) executed on August 11, 2014 a definitive agreement concerning their joint venture, PT Krakatau Nippon Steel Sumikin (KNSS). KNSS was established in the Republic of Indonesia in December 2012 for the manufacture and sale of automotive flat steel products, and NSSMC and PTKS had been discussing the detailed terms and conditions of their joint venture since then.

Source: Nippon Steel & Sumitomo Metal Corporation, Tokyo
8/11/2014

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Im Juli wurden in Deutschland 3,45 Millionen Tonnen Rohstahl erzeugt. Damit wurde zwar der schwache Vorjahresmonat um 1,5 Prozent übertroffen, die Erzeugung fiel aber – auch unter Berücksichtigung von saisonalen Faktoren – im langfristigen Vergleich unterdurchschnittlich aus. Hierzu haben auch Sondereinflüsse wie Lagerbewegungen auf Werksebene beigetragen.

8/11/2014 - ArcelorMittal

ArcelorMittal statement on operations in Liberia

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ArcelorMittal is currently mining and shipping 5 million t of iron ore a year in Liberia from its operations in Yekepa and Buchanan (described as phase 1). The company is also working on an expansion project (described as phase 2) that will see shipments rise to 15 million t of iron ore with first production planned by the end of 2015. Due to the evolving situation of the current Ebola virus outbreak in West Africa, contractors working on the phase 2 expansion project have declared force majeure and are moving people out of the country. ArcelorMittal is currently assessing the potential impact on the project schedule.

Source: ArcelorMittal, Luxembourg
The specially designed site for Tata Steel’s UK sections distribution activities was established in 2012. Photo: Tata Steel
The specially designed site for Tata Steel’s UK sections distribution activities was established in 2012. Photo: Tata Steel
8/8/2014 - Completion of a second phase of development

Tata Steel ramps up Teesside Service Centre after further development

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Teesside Service Centre, next to the company’s Teesside Beam Mill, is the only steel sections processing facility in the UK backed up by an adjacent production capability. Following installation of the last of the new processing equipment due on site, the new facility is looking to surpass its nominal 170 000 t per year capacity in order to support increasing customer demand. The centre’s extensive product range of sections, including structural hollow sections, serves a wide variety of construction and infrastructure projects from new schools, hospitals, sports complexes and large-scale distribution depots, to the iconic buildings that have transformed London’s skyline in recent years.

Source: Tata Steel Europe, London