POSCO halts production at BF No. 2
An explosion occurred on 19 August 2011, at the No. 2 blast furnace at POSCO's Gwangyang Steelworks.
Christopher Mapes, new C.O.O at LE
Lincoln Electric Holdings, Inc. (Lincoln Electric) has chosen Christopher L. Mapes as their new Chief Operating Officer, effective 1 September 2011. Currently a member of the Company’s Board of Directors, Mapes will retain his seat on the Board in addition to becoming a member of the Company's executive management team.
TISCO leaves CR stainless export prices
Taiyuan Iron & Steel Group will keep its export prices of 300 series cold rolled stainless steel unchanged as a result of the appreciating yuan. TISCO is currently offering a discount of USD 100 per tonne
POSCO buys 24% stake in an IMFA unit
POSCO is going ahead with its ferrochrome JV plans with the IMFA Group, which is scheduled to operational by the end of the current quarter. POSCO will have a 24% stake for USD 5 million in a subsidiary of the Indian Metals & Ferro Alloys Limited
Van Leeuwen acquires Teuling Staal
The Van Leeuwen Pipe and Tube Group has acquired Teuling Staal B.V. A specialist in the field of duplex and super duplex stainless steel materials, Teuling Staal is a leading supplier of duplex and super duplex stainless steel pipes, fittings, flanges and special products for the Oil and Gas
Ferrium® M54™ gets AMS 6516 specification
Ferrium® M54™, an ultra-high-strength, high-toughness steel designed by QuesTek Innovations LLC, has been issued Aerospace Material Specification 6516 by SAE International. The steel is also highly resistant to Stress Corrosion Cracking (SCC).