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World crude steel production increased in August 2014 by 1.4 %. Graph: worldsteel
World crude steel production increased in August 2014 by 1.4 %. Graph: worldsteel
9/23/2014 - worldsteel

August 2014 world crude steel production increased

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World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 135 million t (Mt) in August 2014, an increase of 1.4% compared to August 2013. China’s crude steel production for August 2014 was 68.9 Mt, up by 1.0% compared to August 2013. Elsewhere in Asia, Japan produced 9.3 Mt of crude steel in August 2014, an increase of 2.2% compared to August 2013. In August 2014, India produced 7.0 Mt of crude steel, an increase of 5.2% compared to the same month 2013. South Korea produced 5.3 Mt of crude steel in August 2014, up by 8.0% on August 2013.

Source: worldsteel, Brussels
9/23/2014 - Belo Monte hydroelectric dam complex

ArcelorMittal steel in the world’s third largest hydroelectric dam

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ArcelorMittal Brazil is supplying 50,000 tonnes of steel for the biggest ongoing construction project in the country – the Belo Monte hydroelectric dam complex on the Xingu River in the state of Pará. ArcelorMittal Piracicaba, ArcelorMittal São Paulo, ArcelorMittal Cariacica, ArcelorMittal Juiz de Fora and the joint venture Belgo Bekaert Arames are supplying rebar, welded mesh, strands for pre-stressed concrete, structural steel beams, nails, annealed wire, and steel plate for the project to be used in the construction of the turbines and the dam, as well as plumbing design. The first shipment took place in October 2012 and so far 30 000 t of steel have been supplied. Additional 20 000 t are expected to be delivered by the end of 2017.  

Source: ArcelorMittal, Luxembourg
9/23/2014 - Outotec

Grinding mill and service orders in EMEA region

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Outotec has been awarded three grinding mill orders and mill service contracts in the EMEA region. The total value of these orders booked in Outotec's third quarter 2014 order intake is approximately € 12 million.

  • Outotec will deliver primary and secondary ball mills together with installation and mill services for LKAB's Malmberget iron ore beneficiation plant in Sweden.
  • First Quantum Minerals ordered a high intensity grinding mill, the Outotec HIGmill(TM), to be used in a fine grinding application at its Kevitsa copper and nickel mine in Finland.
  • Outotec will also deliver a ball mill to Norilsk Nickel's Harjavalta copper and nickel operations in Finland.

The grinding mills will be delivered during 2014 and 2015.

Source: Outotec, Helsinki
Chrysler Building in New York. Foto: Outokumpu
Chrysler Building in New York. Foto: Outokumpu
9/22/2014 - Bau-, Infrastruktur- und Architekturvorhaben

Outokumpu präsentiert sein Oberflächen-Know-how

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Outokumpu stellte auf zwei gleichzeitig stattfindenden Veranstaltungen in Deutschland und China sein hochwertiges Angebot an Oberflächenausführungen vor und demonstrierte, warum Edelstahl zunehmend bei Bau- und Infrastrukturprojekten zum Einsatz gelangt. Bei beiden Veranstaltungen präsentierte Outokumpu seine drei jüngsten Innovationen: 2R2, eine hochspiegelnde, glatte Oberfläche für große Produktionsmengen, GritLine, eine durch Walzprägen erzeugte, geschliffene Oberfläche mit ebenmäßiger Struktur, und Laser, eine neue homogene Oberfläche, mit der Zufallsstrukturen ideal für große Fassadenelemente erzeugt werden können.

Source: Outokumpu Oyj, Espoo
9/22/2014 - Moody's

ArcelorMittal's announced sale of 50% stake in Gallatin Steel Company is credit positive

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Last Monday, ArcelorMittal (Ba1 negative) and Gerdau S.A. (Baa3 stable) announced that they had reached an agreement with Nucor Corporation (Baa1 stable) for the sale of their respective 50% stake in Gallatin Steel Company, a flat rolled mini-mill located in the US. The transaction, which is expected to close by the end of the year, will translate into cash proceeds of approximately $385 million for ArcelorMittal. Moody's views the transaction as credit positive for ArcelorMittal.

Source: Moody's, London
The new finishing line at IJmuiden steelworks. Photo: Tata Steel
The new finishing line at IJmuiden steelworks. Photo: Tata Steel
9/19/2014 - IJmuiden steelworks

Tata Steel opens new automotive finishing line

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Tata Steel has opened a new finishing line at its IJmuiden steelworks in the Netherlands to strengthen the supply of high-value steels to the automotive sector and other markets. Tata Steel invested 12 million € in Finishing Line 32, which will process up to 400 000 t of galvanised (corrosion resistant) steel coil a year. Henrik Adam, Tata Steel’s Chief Commercial Officer, said: “This investment will enable us to improve the supply of high-quality steels to customers while also improving delivery times.

Source: Tata Steel, London
9/19/2014 - Institutional investors

Outokumpu will issue € 250 million bond

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Outokumpu will issue a € 250 million senior secured bond mainly to institutional investors. The bond matures on September 30, 2019 and it carries a fixed coupon interest rate of 6.625 percent per annum, payable semi-annually. The bond is callable before its final maturity.

Source: Outokumpu Oyj, Espoo
Example of Linen 25. Photo: Outokumpu
Example of Linen 25. Photo: Outokumpu
9/17/2014 - Baosteel’s head offices

Outokumpu creates special surface with an 800-t stainless steel façade

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SKS, a joint venture between Outokumpu and Baosteel Group in China, is delivering over 800 t of high-quality cold-rolled stainless steel plate for the cladding of Baosteel’s landmark head offices in Shanghai and Guangzhou in China. Baosteel’s head office in Shanghai includes three buildings with a total façade area of some 48 000 m2. In Guangzhou, the main building of Baosteel’s southern headquarters will be 140 m tall. Both projects began last year and are expected to be completed in 2016.

Source: Outokumpu Oyj, Espoo
9/16/2014 - Flat-rolled products mill

Nucor to acquire Gallatin Steel

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Nucor Corporation announced that it has entered into an agreement to purchase all the equity of Gallatin Steel Company for a cash purchase price of approximately $770 million. Adjusting for the net present value of the anticipated tax benefits, the realized effective purchase price for Nucor is approximately $630 million.

Source: Nucor Corporation, Charlotte, N.C.
9/16/2014 - Chrome mine in Kemi, Finland

Outokumpu's Kemi mine celebrates 50-year anniversary

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This September it will be exactly 50 years since Outokumpu made the decision to begin mining operations in its chrome mine in Kemi, Finland. The deposit had been found five years earlier by a local diver, Martti Matilainen. The mining began in 1967, with large-scale mining operations and ferrochrome production to begin next year. Chrome mine and ferrochrome works were the first steps in Outokumpu’s journey to become the leading stainless steel producer in the world. Today the Kemi mine employs 400 people, and on top if this the nearby ferrochrome works and stainless steel mill in Tornio employ some 2 000 people.

Source: Outokumpu Oyj, Helsinki
9/15/2014 - The Material Works

SMS Siemag to provide EPS Pickling Lines

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The Material Works, Ltd. (TMW) and SMS Siemag AG (SMS) have entered into an agreement whereby SMS may offer, design, build and install processing lines incorporating Eco Pickled Surface (EPS) Cells for descaling carbon and stainless coiled strip steel. Under terms of this agreement, TMW, or one of its designated manufacturers of EPS Cells, will supply completed cells and associated technical and support services to SMS for integration into SMS strip pickling lines anywhere in the world. 

Source: The Material Works, Ltd., Red Bud, Illinois
9/12/2014 - Engineered bar products

Nucor promotes Dave Sumoski to Executive Vice President

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Nucor Corporation announced that Dave Sumoski, Vice President and General Manager of Nucor Steel Memphis, Inc., will be promoted to Executive Vice President of engineered bar products, which includes special bar quality (SBQ) and cold finish businesses, effective September 14, 2014.  Jim Darsey, who has served as Executive Vice President of bar products since 2010, will continue to focus on merchant and rebar products.

Source: Nucor Corporation, Charlotte, N.C.
9/12/2014 - Stockholm

Resolutions adopted at SSAB’s Extraordinary General Meeting

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It was resolved that the Board of Directors shall comprise nine directors. It was resolved to elect Petra Einarsson, Kim Gran and Matti Lievonen as new directors of the Board of Directors. Anders G Carlberg, Matti Sundberg and Pär Östberg had announced that they are leaving the Board of Directors in connection with the Extraordinary General Meeting. The Board of Directors will, from the time when the resolution becomes effective and until the end of the next annual general meeting, consist of the following directors elected by the general meeting: Petra Einarsson, Kim Gran, Jan Johansson, Matti Lievonen, Martin Lindqvist, Annika Lundius, Sverker Martin-Löf, John Tulloch and Lars Westerberg.

Source: SSAB, Stockholm
9/11/2014 - United Kingdom

Tata Steel gains responsible sourcing certification for construction products

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Tata Steel has become the largest company to acquire the BRE responsible sourcing standard BES 6001 for its UK construction products. All the company’s construction products manufactured in the UK are now certified ‘Very Good’ under the British standard, including its Advance steel sections, Celsius structural hollow sections, ComFlor and RoofDek structural decking, Trisomet and Trimapanel composite panels systems and Catnic building products. Tata Steel’s Colorcoat branded product is already certified to the standard.

Source: Tata Steel, London
Vallourec will deliver super duplex welded tubes for umbilicals from its plant located in Venarey-Les Laumes. Photo: Vallourec
Vallourec will deliver super duplex welded tubes for umbilicals from its plant located in Venarey-Les Laumes. Photo: Vallourec
9/10/2014 - Steel tubes for umbilicals in the North Sea

Vallourec awarded steel tube order for an umbilical offshore project in UK

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Vallourec announces it has been awarded a contract by Technip Umbilicals, for the Edradour project operated by Total in the UK. As part of this first industrial order, Vallourec will deliver super duplex welded tubes for umbilicals from its plant located in Venarey-Les Laumes (Burgundy, France). A key component in subsea installations, umbilicals are made of small-diameter tubes, cables and/or optical fibers which connect the equipments on the seabed together and to a control station at the surface by transporting fluids, supplying power, and transmitting information. Thanks to an innovative manufacturing process, Vallourec produces tubes to be fitted into umbilicals. These tubes offer superior strength and mechanical properties compared to products currently available on the market.

Source: Vallourec, Boulogne-Billancourt