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10/30/2014 - Eurofer

Modest strengthening steel demand in 2015 despite weakened sentiment

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Economic growth in the EU remained soft so far this year, with particularly a disappointing performance of the Euro area in the second quarter. Exports were the key driver of growth rather than domestic demand. Indicators losing strength over the third quarter suggest that the EU economy will continue to struggle to gain momentum. Confidence has gradually come under pressure again due to geopolitical unrest and more specifically on concerns about the impact on trade sanctions imposed by Russia. But there are also concerns that the sluggish economic performance of France and Italy could stall the recovery in the EU. Moreover, slowing growth in the large emerging economies is acting as a drag on exports.

Source: Eurofer, Brussels
10/30/2014 - The Material Works, Ltd. (TMW)

TMW to open toll processing center at Big River Steel

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The Material Works, Ltd. (TMW) announced that it has committed to build an advanced flat rolled toll processing center adjacent to the new Big River Steel mill in Osceola, Arkansas. Construction will begin in 2nd quarter 2015 with the facility expected to be fully operational to coincide with Big River Steel’s opening in 2016. The facility is expected to add approximately 45 new jobs in Northeast Arkansas that are in addition to the 500 permanent jobs being created by Big River Steel.

Source: The Material Works, Ltd. (TMW), Red Bud, Illinois
10/29/2014 - GE’s technology enables steelmakers to achieve improved energy efficiency

GE Technology increases energy efficiency for ArcelorMittal Bremen

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Energy costs, excess capacity, environment and an increasingly competitive marketplace are some of the key factors redefining the steelmaking industry. Faced with these challenges, steelmakers are modernizing and revamping existing plants to improve their sector’s appeal by improving energy efficiency and reliability, increasing spare availability and decreasing maintenance cost. In an effort to increase competitiveness, ArcelorMittal has chosen GE’s Power Conversion business to replace their existing DC drives control system with GE’s water-cooled Powersemi PW100 in an important upgrade of their Bremen hot rolling mill.

Source: GE, Berlin
10/28/2014 - Russia

Outotec to modernize Norilsk Nickel's smelter

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Outotec has been awarded a contract by JSC MMC Norilsk Nickel to modernize and rebuild Norilsk Nickel's nickel flash smelting furnace at Nadezhda smelter in Norilsk, Russia. The contract value in these types of total rebuilds is typically € 30-50 million. The order has been booked in Outotec's 2014 fourth quarter order intake.

Source: Outotec Oyj, Helsinki
10/28/2014 - Group Management Board

Sudhir Maheshwari to leave ArcelorMittal

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ArcelorMittal announces that Sudhir Maheshwari, member of the Group Management Board, with responsibility for corporate finance; mergers, acquisitions and divestments; risk management; and India and China, is leaving the company to pursue other opportunities effective 31st March 2015.

Source: ArcelorMittal, Luxembourg
10/28/2014 - After Timoteo Di Maulo's appointment as CEO

Aperam announces changes to leadership team

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Aperam announces it has reviewed its leadership team as a result of Timoteo Di Maulo's appointment as Chief Executive Officer effective 1 January 2015. The following appointments are made with effect 1 November 2014: Nicolas Changeur is appointed Chief Marketing Officer for Stainless & Electrical Steel, Johanna Van Sevenant is appointed Chief Executive Officer for Services & Solutions, Bernard Hallemans is appointed Chief Technical Officer, Philippe Darmayan, as previously announced, will remain Chief Executive Officer until 31 December 2014.

Source: Aperam, Luxembourg
10/27/2014 - Globally competing industries will be safeguarded from additional costs at best performance level

Heads of state set ambitious climate target with measures to preserve industrial competitiveness, growth and jobs

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On 24 October 2014, the EU heads of state and government agreed on an ambitious European energy and climate policy framework for the period 2020 to 2030, including a CO2 emission reduction target of 43% by 2030 compared to 2005 levels for sectors covered by the EU Emissions Trading System (EU ETS). They also gave guidance that the EU ETS will – at the level of most efficient installations - not impose direct and indirect CO2 costs on globally competing European industries such as steel.

Source: Eurofer, Brussels
10/22/2014 - worldsteel

September 2014 crude steel production with a slight decrease

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World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 134 million t (Mt) in September 2014, a slight decrease of -0.1% compared to September 2013. China’s crude steel production for September 2014 was 67.5 Mt, the same compared to September 2013. Elsewhere in Asia, Japan produced 9.2 Mt of crude steel in September 2014, a decrease of -0.5% compared to September 2013. In September 2014, India produced 6.8 Mt of crude steel, an increase of 2.5% compared to the same month 2013. South Korea produced 5.7 Mt of crude steel in September 2014, up by 10.1% on September 2013.

Source: worldsteel, Brussels
10/22/2014 - Environmentally friendly pre-painted coating

SSAB Prelaq GreenCoat now available with High Strength Steel

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SSAB Prelaq GreenCoat is a new type of color coating for steel that is developed from rapeseed oil instead of traditional fossil oil based solvents. The result is an improved coated steel product with longer lasting color as well as a significantly reduced environmental footprint.

Source: SSAB, Borlänge
10/21/2014 - World Steel Association

worldsteel announces the 9th steelChallenge launch date

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steelChallenge-9 will begin with the regional championship round on 19 November 2014 and will finish with the world championship round on 11 February 2015. There are two categories: ‘Student’ and ‘Industry’. Entrants in both categories will compete online from their own countries in the first round and the winners will come together in Belgium for the world championship.

Source: worldsteel, Brussels
10/20/2014 - Tenova

Ori Martin commissions one of the most efficient and environmental friendly systems

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A new Consteel Evolution combined with a Tenova iRecovery system will guarantee to Ori Martin a reduction in the consumption to the lowest level while contributing district heating to the local community. Ori Martin is revamping the first European Consteel, installed in Brescia, Italy, in 1998, and which is still operating with a high level of performances today. After 16 years of continuous and successfull operation, the feeding system for EAF will be substituted for a new Consteel Evolution that will increase flexibility, improve quality and reduce consumption.

Source: Tenova, Milan
10/17/2014 - Rautaruukki Corporation

Termination of public trading in shares

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The Board of Directors of Rautaruukki has resolved to apply for the termination of trading in Rautaruukki's shares and for the delisting of the shares from the official list of Nasdaq OMX Helsinki Ltd. An application regarding the matter has been filed with the Listing Committee of the Helsinki Stock Exchange. In the application, it is requested that public trading in Rautaruukki's shares is terminated and the shares are delisted from the official list of the Helsinki Stock Exchange as soon as possible after SSAB has gained title to all the shares in Rautaruukki.

Source: Rautaruukki Corporation, Helsinki
10/16/2014 - Long Products Europe business

Tata Steel's European business signs Memorandum of Understanding

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Tata Steel has announced the signing of a Memorandum of Understanding with Klesch Group to undertake detailed due diligence and negotiations for the potential sale of its Long Products Europe business and associated distribution activities. The memorandum covers several UK-based assets including Tata Steel's Scunthorpe steelworks, mills in Teesside, Dalzell and Clydebridge in Scotland, an engineering workshop in Workington and a rail consultancy in York, as well as other operations in France and Germany. About 6,500 people are employed at Long Products Europe and its distribution facilities. Tata Steel employs 30,500 people across Europe, including 17,500 in the UK.

Source: Tata Steel, London
10/16/2014 - High level of transparency

Outokumpu recognized again in Nordic Climate Disclosure Leadership Index

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Outokumpu has been recognized as a leader for the depth and quality of its climate change data disclosed to the investors and the global marketplace by CDP. Outokumpu has been awarded for the fifth consecutive year with a position on the Nordic Climate Disclosure Leadership Index (CDLI).

Source: Outokumpu Oyj, Espoo
Timoteo Di Maulo, new CEO of Aperam. Photo: Aperam
Timoteo Di Maulo, new CEO of Aperam. Photo: Aperam
10/15/2014 - Timoteo Di Maulo

Aperam announces appointment of new CEO

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Philippe Darmayan, aged 62, who has been Chief Executive Officer of Aperam since December 2011, has indicated to the Board of Directors his intention to retire effective 31 December 2014. The Board of Directors has accepted Philippe Darmayan's request and announces the appointment of Timoteo Di Maulo, currently member of Aperam's Management Committee, as Chief Executive Officer from 1 January 2015. Until that time, Philippe Darmayan and Timoteo Di Maulo will work closely to ensure a smooth transition. Philippe Darmayan will retain links with the company as advisor and will be proposed to become a member of Aperam's Board of Directors at the Company's next General Shareholders' Meeting.

Source: Aperam, Luxembourg