Steel Product Producers

Worldsteel Elects Nucor’s Topalian as New Chairman
Written by Laura Miller
October 16, 2023
Nucor’s president and CEO Leon Topalian has been named the new chairman of the World Steel Association (worldsteel).

Topalian, who last year served as vice-chairman of the board of Brussels-based worldsteel, takes the helm from Jeong-Woo Choi, CEO of South Korea’s Posco.
The vice-chairman positions will be held by Jeong-Woo Choi and CEO and managing director of India’s Tata Steel, Thachat Viswanath Narendran. Mark Vassella, CEO and managing director of Australia’s BlueScope Steel, will continue to serve as treasurer.
Timoteo Di Maulo, CEO of Luxembourg-based stainless and specialty producer Aperam, was again elected chairman of worldstainless.
Those elected to worldsteel’s executive board of directors hold office for one year.
Members of worldsteel represent about 85% of global steel production. The association maintains relationships with many international organizations, including the United Nations and the OECD.
The Steelie Awards
Each year, worldsteel gives out ‘The Steelie Awards,’ recognizing member companies’ contributions to the steel industry. Two companies with operations in North America walked away with awards this year.
Pittsburgh-based U.S. Steel was awarded “Innovation of the year” for its development of a high-strength, high-formable, lean, single-phase, nano-precipitation strengthened sheet steel for automotive applications with a minimum tensile strength of 780MPa.
Ternium, headquartered in Luxembourg but with operations in Louisiana, Mexico and Latin America, was recognized for excellence in education and training.

Laura Miller
Read more from Laura MillerLatest in Steel Product Producers

Nippon could up investment in USS facilities to $7B: Report
It's the latest twist as the proxy battle heats up for Pittsburgh-based U.S. Steel.

Hybar expansion still on the table as Arkansas mill startup nears
As Hybar nears the completion of its $700-million rebar mill in Arkansas, the company said it is still “actively considering” building other steel facilities in the southern US.

Bull Moose announces closure of Ontario tube plant
The welded tube maker is closing its only manufacturing facility in Canada after serving the Canadian market for over 35 years.

Global steel production edges lower in February
February’s global raw steel output is tied with last December's for the fourth-lowest monthly production rate recorded over the past two years.

Fate of U.S. Steel hangs in the balance
The future of U.S. Steel remains unclear, but the proxy fight for control of the company is heating up. Shareholders will cast their votes on the company's future at the annual meeting in May.