Latest Steel Stories

BEIJING, April 24, 2013 /PRNewswire/ -- General Steel Holdings, Inc. ("General Steel" or the "Company") (NYSE: GSI), a leading non-state-owned steel producer in China, today announced the appointment of Mr. Yanqi Liu, a senior executive with over 45 years of extensive experience in the steel industry, as the Company's Vice President of Strategy and Operations. "I am very pleased to welcome Mr. Liu to General Steel," said Henry Yu, Chairman and Chief Executive Officer of General Steel...

Event highlights advanced steel technologies offering affordable, fuel efficient solutions to automakers DETROIT, April 22, 2013 /PRNewswire/ -- As automakers progress to the next generation of vehicles to meet increasingly stringent fuel economy regulations, the steel industry continues to develop new steel technologies to design the safe, affordable and sustainable vehicles the industry and consumers seek. To ensure a thorough understanding of these technologies, the Steel Market...

WASHINGTON, April 22, 2013 /PRNewswire/ -- The 43-year-old annual Earth Day observance is an opportunity for individuals and organizations around the world to become "part of the solution" when it comes to protecting the planet. With its long-standing commitment to sustainable products and practices, the North American steel industry plays an integral role in making the planet safer, cleaner and greener. "The steel industry has invested billions of dollars in new technologies over...

FORT WAYNE, Ind., April 17, 2013 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced first quarter 2013 net income of $48 million, or $0.21 per diluted share, on net sales of $1.8 billion. By comparison, prior year first quarter net income was $46 million, or $0.20 per diluted share, on net sales of $2.0 billion; and sequential fourth quarter 2012 net income was $61 million, or $0.27 per diluted share, on net sales of $1.7 billion. Prior quarters included...

Sandia National Laboratories researchers Lisa Deibler and Arthur Brown had a ready-made problem for their computer modeling work when they partnered with the National Nuclear Security Administration’s Kansas City Plant to improve stainless steel tubing that was too hard to meet nuclear weapon requirements. When steel is too hard it becomes brittle, so the plant ended up getting new tubing. However, Deibler said KCP needed a backup in case it couldn’t find replacements in time to meet...

New studies show a further reduction in body structure mass DETROIT, April 16, 2013 /PRNewswire/ -- The latest in a continuing series of research studies by WorldAutoSteel, strongly suggests that steel auto body structures in the near future can be as lightweight as today's aluminum bodies, while meeting all crash performance standards and at cost comparable to today's steel structures. The studies also show how car makers can form and fabricate sophisticated steel designs and...

WEST CHESTER, Ohio, April 12, 2013 /PRNewswire/ -- AK Steel (NYSE: AKS) said today that it will increase base prices for all 200, 300 and 400 series flat rolled stainless steel products, effective with shipments on May 6, 2013. AK Steel said this increase will be achieved through a reduction in the functional discount of two percentage points for cold rolled and hot rolled non-automotive exhaust products. Base prices for automotive exhaust grades will increase by $0.03 per pound,...

Multi-million dollar project to drive the third generation of advanced steel grades DETROIT, April 11, 2013 /PRNewswire/ -- What material will lead the way in helping automakers achieve future fuel economy requirements? According to John Surma, chairman and CEO of United States Steel Corporation, the clear answer is steel. During an Automotive Press Association Luncheon held today at the Detroit Athletic Club, Surma discussed how new steel grades will play a critical role in evolving...

CANTON, Ohio, April 10, 2013 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com) announced today the completion of three previously announced capital investment projects totaling $85 million. The Steel business investments include an open-die in-line forge press at the Faircrest Steel Plant in Canton, and an intermediate finishing line and a second induction thermal treatment line at the Gambrinus Steel Plant, also in Canton. (Photo:...

PERTH, Australia, April 3, 2013 /PRNewswire/ -- Alloy Steel International, Inc. (OTC: AYSI) announced today that its Australian subsidiary, Alloy Steel Australia (Int) Pty Ltd has signed a five year framework contract with BHP Billiton Iron Ore Pty Ltd (BHPBIO) for the supply of wear liners to its iron ore operations in the Pilbara area of Western Australia. The AYSI group has been supplying Arcoplate to BHPBIO for over seven years. This contract provides a mutually beneficial...