AMM ’s 2012 Steel Excellence award winners
Aug 28, 2012 | 07:00 PM
The people who work for and run steel producers and related companies seek to do more than simply get products to market and make profits. They also are driven by a desire to make a difference within their field and the wider community.
What constitutes excellence in steel? A panel of distinguished judges answered that by choosing the winners in the third annual AMM Awards for Steel Excellence. A total of 10 awards, recognizing advancements rooted in pioneering and implementing business improvements that have delivered real change to the steel industry, were presented to nine enterprises and one individual during the Steel Success Strategies XXVII conference in New York.
AMM congratulates the winners, profiled on the following pages, and salutes the best-in-class initiatives that set them apart from 28 other nominations in the following categories: Best Innovation, Best Mergers & Acquisitions, Best Operational Improvements, Best Brownfield/Greenfield Technology Project, Environmental Responsibility/ Stewardship, Industry Ambassador/ Advocate of the Year, Logistics/Transportation Provider of the Year, Scrap Company of the Year, Service Center of the Year, Steel Producer of the Year.
BEST INNOVATION: China Beijing International Mining Exchange
The China iron ore spot trading platform was launched in January by the China Iron and Steel Association, the China Chamber of Commerce of Metals, Minerals and Chemicals Importers and Exporters and the China Beijing International Mining Exchange (CBMX). The platform was developed in February and March, trial implementation, or beta-testing, began at the end of March and actual physical trading started May 8.
The platfrom was launched because it is widely believed that current iron ore pricing indices dont sufficiently reflect the market in an objective and authentic manner. Prevailing methods for data collection and index formation arent considered transparent. For its efforts, the CBMX was awarded the Best Innovation Award by AMM.BEST MERGERS & ACQUISITIONS: Carpenter TechnologySome companies had the foresight--even in an unstable economic climate--to recognize solid opportunities for growth through strategic expansion. One of them was Wyomissing, Pa.-based Carpenter Technology Corp., which acquired Latrobe Specialty Metals Inc. for approximately $538 million earlier this yearÑand captured AMMs Best Mergers & Acquisitions award.....
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