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Headlines
Latest News
Nucor Still Bullish on 2019
20 June 2019 - Although U.S. steelmakers might not be experiencing the degree of activity that came with the 2018 boom, the steel industry’s momentum nevertheless has carried forward, and 2019 should prove to be a solid year, said Nucor chairman and chief executive John Ferriola.
Softening Demand Forces U. S. Steel to Idle Blast Furnaces
19 June 2019 - United States Steel Corporation is idling three blast furnaces — two in the U.S. ¬— on account of receding demand.
Millett: Recent Mill Investments Will Help Keep Industry Competitive
18 June 2019 - Steel Dynamics Inc. chief executive Mark Millett swatted down criticisms of the U.S. steel industry’s recent spate of capital investments, saying that revitalizing assets and implementing new technologies is critical to surviving in a global marketplace.
Big River Gets Rolling on Expansion Plans
18 June 2019 - Big River Steel expects to break ground later this year on an electrical steel processing facility and is weighing installation of new pickling capacity, chief executive David Stickler said Tuesday.
Jindal: Urbanization Will Generate Big Growth in Indian Steel Demand
18 June 2019 - India will need more than 300 million tons of steelmaking capacity to support a forecasted rise in steel demand over the decade, said JSW Steel chairman and managing director Sajjan Jindal.
World Steel Dynamics: The Blast Furnace Isn’t Dead Yet
18 June 2019 - As U.S. mini-mills install new capacity that will allow them to produce high-quality steels, some might argue the integrated producers are doomed. But that’s not necessarily so, said World Steel Dynamics founder and managing partner Peter Marcus.
In Electric Vehicles, There's A Case to Be Made For — And Out of — Steel
17 June 2019 - As the number of battery electric vehicles begins to increase, steel might have a new opportunity in one critical component: battery boxes, Steel Market Development Institute vice president Jody Hall said on Monday.
Plant Builder Expects Shift in Mill Investments
17 June 2019 - The North American steel industry has seen an extraordinary level of mill investment in the past two years, but the biggest of the capex announcements are likely behind, according to an executive at plant builder SMS group.
Nucor Forecasts Lighter Q2 Profits
17 June 2019 - Nucor Corp. expects its second-quarter earnings to fall approximately 42% as service centers draw down inventories, the company said on Monday.
Liberty Steel Acquires Pennsylvania Wire Maker
13 June 2019 - Pennsylvania-based Johnstown Wire Technologies (JWT) has been sold to Sanjeev Gupta's Liberty Steel USA for an undisclosed amount, the company has announced.
SDI Draws Near to Site Decision on New Sheet Mill
13 June 2019 - The Texas Comptroller’s office has ruled that Steel Dynamic Inc.’s proposed southwest flat-rolled mill qualifies for local tax breaks, a decision that potentially opens the door to an agreement on economic incentives for the mill – and possibly a final decision on its location.
Steel Industry Could See Uptick in Mergers
13 June 2019 - Senior steel executives remain optimistic about their prospects for near-term growth and are looking to mergers and acquisitions as a key driver of that growth, according to an annual survey from corporate finance and strategic advisory firm Headwall Partners.
Mittal: EU Must Take Further Measures in Wake of Steel Tariffs
13 June 2019 - ArcelorMittal chief executive Lakshmi Mittal says the European Union needs to further protect the domestic steel market from imports that are being deflected by U.S. President Donald Trump’s steel tariffs.
EU Says No to Tata, thyssenkrupp Deal
13 June 2019 - The European antitrust regulators have blocked thyssenkrupp and Tata Steel’s proposed European joint venture, officially ending a deal the companies decided to scrap last month.
SAIL to Replace Three Converters at Steel Works
06 June 2019 - The Steel Authority of India Ltd. has contracted SMS group for three new converters at its Durgapur works.
Citing Softening Demand, ArcelorMittal Furloughs Italian Workers
06 June 2019 - ArcelorMittal Italia is temporarily laying off approximately 1,400 workers amid weakening demand and heightened competition from imported steel, the company has announced.
The World’s Second-Largest Steelmaker Could Soon Become the Largest
04 June 2019 - Baowu Steel Group, the world’s second-largest steelmaker, is acquiring a majority stake in a smaller rival, a move that could propel Baowu to the No. 1 spot within the next few years.
China Iron & Steel Association Urges ‘Rational’ Output
04 June 2019 - The China Iron and Steel Association is calling for restraint as mills produce at record levels amid concerns over slowing demand, the Reuters news service reports.
Big River Steel Has Finalized Financing for Its Mill Expansion. Here’s How Much.
04 June 2019 - Big River Steel has lined up US$777 million in financing for the planned expansion of its flat-rolled mill in Osceola, Ark., USA, the company has said.
Danieli Receives Additional Order Tied to Sheet Mill Overhaul
04 June 2019 - Nucor Corp. has contracted Danieli to build a new emissions control system for its Gallatin sheet mill, a follow-on order arising from the steelmaker’s overhaul of the Kentucky facility.
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