Steel News

Tata Steel Eyes September Commissioning for New Steel Works

14 March 2016 - India’s Tata Steel is bringing up its new Kalinganagar steel works in the state of Odisha and plans to have it fully commissioned by September, company officials said.

Serbia Puts Nationalized Mill on Sales Block

04 March 2016 - The Serbian government is looking to sell a steel mill that it acquired -- for $1 -- from United States Steel Corporation in 2012, reports the Reuters news service.

NLMK Announces 2018 Blast Furnace Rebuild

04 March 2016 - Russia’s NLMK said it will spend US$104.4 million (RUB 7.5 billion) to rebuild the No. 6 blast furnace at its Lipetsk works.

Judge Confirms U.S. Steel Debt Claims Against Former Canadian Subsidiary

01 March 2016 - An Ontario judge has sided with United States Steel Corporation, agreeing that the steelmaker is indeed owed more than $2.2 billion from its former Canadian subsidiary, U. S. Steel Canada (USSC).

Two JSW Steel Blast Furnaces Returned to Service

22 February 2016 - India’s JSW Steel has re-commissioned two idled blast furnaces and is preparing to relight a third, according to reports.

Ukraine's No. 1 Exporter Is a Steelmaker

19 February 2016 - Forbes Ukraine magazine has named ArcelorMittal Kryvyi Rih as the country’s leading exporter during 2015.

Italy's Riva Group Moves to Block Sale of its Former Steel Facilities

08 February 2016 - The company that owned Europe’s largest steel works is trying to stop a government sale of the facility and others, according to Italian news agency ANSA.

United Steelworkers Rank-and-File Accept Labor Agreement With U. S. Steel

01 February 2016 - The United Steelworkers union has ratified a three-year labor contract with United States Steel Corporation, the union has announced.

U. S. Steel Posts US$1.5B Loss in 2015

27 January 2016 - 2015 will go down as a significant year for United States Steel Corporation, but for the wrong reasons: the integrated steelmaker posted a net loss of US$1.5 billion on the year, illustrating the difficult market conditions the company and other steelmakers are facing.

Accounting Charges, Mill Idling Costs Help Sink AK Steel's 2015 Earnings

26 January 2016 - Although sales and shipments rose in 2015, U.S.-based AK Steel Corp. lost US$510.7 million on the year after writing off investments in its iron ore and incurring costs to idle its Ashland, Ky., steel works, the company has announced.

India Steps Back From POSCO Mill Project

22 January 2016 - The Indian government has set aside plans to establish a steel mill in partnership with South Korea’s POSCO, and will now focus on other projects with ArcelorMittal, reports The Times of India.

Essar Steel Algoma to Begin Shopping Itself Around

20 January 2016 - Canada’s Essar Steel Algoma is to begin searching for a buyer or major investor in its Sault Ste. Marie, Ont., integrated mill, reports the online publication SooToday.com.

Primetals Wins Order for Two Continuous Casters

14 January 2016 - China’s Shandong Iron & Steel Group Rizhao Co. Ltd. has ordered two twin-strand continuous slab casters from Primetals Technologies, the company has announced.

U. S. Steel Canada Gets the Go-Ahead to Initiate a New Sales Process

13 January 2016 - A Canadian court has signed off on U. S. Steel Canada Inc.’s plan to try, for a second time, to find a buyer, according to The Hamilton Spectator newspaper.

U. S. Steel Canada Stakeholders in Talks With Potential Buyers, Investors

11 January 2016 - Outside investors are taking a look at buying -- or buying into -- U. S. Steel Canada Inc. (USSC), which has been operating under creditor protection since September 2014, reports The (Toronto) Globe and Mail newspaper.

U. S. Steel's Day in Court Coming on USSC Debt Claims

07 January 2016 - Attorneys for United States Steel Corporation are due in a Canadian court next week, where they will argue that $2.2 billion in debt claims on the company’s Canadian operation are valid – over the objections of a labor union, active and retired salaried employees, and local and provincial governments, according The Hamilton (Ontario) Spectator newspaper.