Hajime Bada, President & CEO, JFE Holdings Inc has been elected Chairman of the World Steel Association.

As is the normal convention, the retiring chairman, Paolo Rocca, Chairman and CEO, Techint Group becomes a Vice President and the Chairman elect for 2011/12, Xiaogang Zhang, President, Anshan Iron & Steel Corporation also serves as vice chairman. Each post is occupied for one year starting this October.

John Surma, Chairman and CEO, United States Steel Corporation remains as treasurer.

The Board of Directors also elected the 2010/11 Executive Committee:

Ian Christmas, Director General worldsteeel announced his retirement in August 2011.

The Board of Directors also welcomed the following companies as new members of worldsteel:

Regular Members (steel companies producing more than 2M short tons (1.8Mt) per annum) were Hebei Steel Group of China represented by Yifang Wang, Chairman and Vallourec of France represented by Philippe Crouzet, Chairman of the Management Board.

Associate Members (steel companies producing less than 2M short tons per year) were Dongbu Steel of South Korea represented by Kwang-Hee Han, Vice Chairman and CEO and Votorantim Siderurgia represented by Albano Chagas Vieira, CEO.

Affiliate members (steel industry associations, federations, and steel research organisations) who joined this year were the Malaysian Iron & Steel Federation represented by Chong Long Chow, President and the Russian Steel Consortium (Russian Steel) represented by Eduard Potapov, Vice-President and Chairman of the management Committee.