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¤ NEWS FROM IRON & STEEL INDUSTRY
Nucor to Acquire Skyline Steel Nucor Corp. has signed a Stock Purchase Agreement to acquire the membership interests of Skyline Steel LLC and its subsidiaries from ArcelorMittal, for approximately $605 million. Skyline Steel will be a wholly owned subsidiary of Nucor Corp. and will maintain its headquarters in Parsippany, N.J. Posted on:18 May 2012 at 12:00am Schnitzer Provides Outlook for Q3 of Fiscal 2012 Schnitzer Steel Industries, Inc. announced its market outlook for its third quarter of fiscal 2012, noting that margins have compressed from the second quarter as a slight increase in average gross ferrous selling prices has been more than offset by higher costs of both raw materials and freight. Posted on:18 May 2012 at 12:00am Canadian Trade Tribunal Initiates Inquiry into Welded Carbon Steel Pipe The Canadian International Trade Tribunal initiated a preliminary injury inquiry into a complaint by Novamerican Steel Inc. and Bolton Steel Tube Co. Ltd. that they have suffered injury as a result of the dumping of certain carbon steel welded pipe from Chinese Taipei, the Republic of India, the Sultanate of Oman, the Republic of Korea, Thailand, the Republic of Turkey, and the United Arab Emirates, and the subsidizing of these goods from the Republic of India, the Sultanate of Oman, and the United Arab Emirates. Posted on:18 May 2012 at 12:00am Excellence Award Presented to Chevrolet Volt Team for AHSS Use The Automotive Applications Council of the Steel Market Development Institute honored General Motors’ Chevrolet Volt design and engineering team with its annual Automotive Excellence Award. The team was recognized during the Great Designs in Steel seminar for its efficient and effective use of advanced high-strength steel (AHSS) in the development of the Volt’s upper- and lower-body structures. Posted on:18 May 2012 at 12:00am Ruukki to Initiate Employee Negotiations in Steel Service Centers, Sales Organization Ruukki Metals Oy plans to initiate employer-employee negotiations concerning the centralization and efficiency of operations in its steel service centers and sales organization in Finland, as part of its project to improve competitiveness. Posted on:18 May 2012 at 12:00am March Steel Shipments up 1.3% from February U.S. steel mills shipped 8,512,825 net tons for the month of March 2012, a 1.3% increase from the 8,407,343 net tons shipped in the previous month according to the latest release from AISI. Posted on:17 May 2012 at 12:00am Severstal to Supply Coking Coal and Iron Pellets to Rautaruukki Severstal Resources Mining Division will supply Rautaruukki’s production facilities with coking coal and iron ore pellets for the next three years. Posted on:17 May 2012 at 12:00am NLMK Wins 1st Place in Russian Web Ranking NLMK Group’s corporate website (www.nlmk.com) won 1st place in the Russian KWD Webranking (King Worldwide). The study evaluates the English-language version of a wide range of international corporate websites. Posted on:17 May 2012 at 12:00am Sumitomo Metals’ ICI Subsidiary Celebrates 20th Anniversary of Production Start-up Sumitomo Metal Industries subsidiary International Crankshaft Inc., the company’s Kentucky-based U.S. manufacturing and sales base for forged crankshafts, recently held a ceremony celebrating its 20th anniversary of operation. Posted on:17 May 2012 at 12:00am New Technopolis Innova 2 Structure Features Ruukki’s Energy Piles Ruukki announced the opening of the Technopolis Innova 2 office building in Jyväskylä, Finland. It is the first project in Finland to utilize energy piles innovated by Ruukki and Uponor that collect ground-source energy. Posted on:17 May 2012 at 12:00am

¤ NEWS FROM IRON & STEEL INDUSTRY

Nucor to Acquire Skyline Steel
Nucor Corp. has signed a Stock Purchase Agreement to acquire the membership interests of Skyline Steel LLC and its subsidiaries from ArcelorMittal, for approximately $605 million. Skyline Steel will be a wholly owned subsidiary of Nucor Corp. and will maintain its headquarters in Parsippany, N.J.
Posted on:18 May 2012 at 12:00am

Schnitzer Provides Outlook for Q3 of Fiscal 2012
Schnitzer Steel Industries, Inc. announced its market outlook for its third quarter of fiscal 2012, noting that margins have compressed from the second quarter as a slight increase in average gross ferrous selling prices has been more than offset by higher costs of both raw materials and freight.
Posted on:18 May 2012 at 12:00am

Canadian Trade Tribunal Initiates Inquiry into Welded Carbon Steel Pipe
The Canadian International Trade Tribunal initiated a preliminary injury inquiry into a complaint by Novamerican Steel Inc. and Bolton Steel Tube Co. Ltd. that they have suffered injury as a result of the dumping of certain carbon steel welded pipe from Chinese Taipei, the Republic of India, the Sultanate of Oman, the Republic of Korea, Thailand, the Republic of Turkey, and the United Arab Emirates, and the subsidizing of these goods from the Republic of India, the Sultanate of Oman, and the United Arab Emirates.
Posted on:18 May 2012 at 12:00am

Excellence Award Presented to Chevrolet Volt Team for AHSS Use
The Automotive Applications Council of the Steel Market Development Institute honored General Motors’ Chevrolet Volt design and engineering team with its annual Automotive Excellence Award. The team was recognized during the Great Designs in Steel seminar for its efficient and effective use of advanced high-strength steel (AHSS) in the development of the Volt’s upper- and lower-body structures.
Posted on:18 May 2012 at 12:00am

Ruukki to Initiate Employee Negotiations in Steel Service Centers, Sales Organization
Ruukki Metals Oy plans to initiate employer-employee negotiations concerning the centralization and efficiency of operations in its steel service centers and sales organization in Finland, as part of its project to improve competitiveness.
Posted on:18 May 2012 at 12:00am

March Steel Shipments up 1.3% from February
U.S. steel mills shipped 8,512,825 net tons for the month of March 2012, a 1.3% increase from the 8,407,343 net tons shipped in the previous month according to the latest release from AISI.
Posted on:17 May 2012 at 12:00am

Severstal to Supply Coking Coal and Iron Pellets to Rautaruukki
Severstal Resources Mining Division will supply Rautaruukki’s production facilities with coking coal and iron ore pellets for the next three years.
Posted on:17 May 2012 at 12:00am

NLMK Wins 1st Place in Russian Web Ranking
NLMK Group’s corporate website (www.nlmk.com) won 1st place in the Russian KWD Webranking (King Worldwide). The study evaluates the English-language version of a wide range of international corporate websites.
Posted on:17 May 2012 at 12:00am

Sumitomo Metals’ ICI Subsidiary Celebrates 20th Anniversary of Production Start-up
Sumitomo Metal Industries subsidiary International Crankshaft Inc., the company’s Kentucky-based U.S. manufacturing and sales base for forged crankshafts, recently held a ceremony celebrating its 20th anniversary of operation.
Posted on:17 May 2012 at 12:00am

New Technopolis Innova 2 Structure Features Ruukki’s Energy Piles
Ruukki announced the opening of the Technopolis Innova 2 office building in Jyväskylä, Finland. It is the first project in Finland to utilize energy piles innovated by Ruukki and Uponor that collect ground-source energy.
Posted on:17 May 2012 at 12:00am

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¤ NEWS FROM IRON & STEEL INDUSTRY

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