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Latest News

China’s No. 1 Steelmaking Region Announces Additional Capacity Cuts

07 January 2020 - China’s top steel-producing province aims to reduce capacity by 14 million metric tons this year, reports Xinhua, China’s state-run news agency.

A. M. Castle & Co. Names New Chief Executive

07 January 2020 - Metals distributor A. M. Castle & Co. has promoted president Marec Edgar to chief executive officer, and board member Mike Sheehan to board chairman, the company announced on Tuesday.

Chinese Steelmaker Could Become the World’s Largest Producer

06 January 2020 - China Baowu Steel Group could potentially surpass ArcelorMittal as the world’s largest steelmaker if it completes a deal to take a controlling stake in Chongqing Iron and Steel.

Worthington Acquires Majority Stake in Samuel Steel Pickling Co.

06 January 2020 - Steel processor and cylinder manufacturer Worthington Industries is rolling a newly acquired facility into its sheet processing joint venture with Samuel, Son & Co. and has taken the majority stake in the business.

Tenaris Completes Acquisition of IPSCO Tubulars

03 January 2020 - Tenaris S.A. has finalized its US$1.07 billion acquisition of IPSCO Tubulars Inc. and has signed a new distribution agreement with IPSCO parent PAO TMK, the company announced.

Nucor SBQ Mill to Receive New Processing Line

03 January 2020 - Special bar quality maker Nucor Steel Memphis Inc. is investing approximately US$10 million in a new heat treat line at its bar mill in Tennessee, reports the Daily Memphian.

Olympic Steel’s Chicago Tube and Iron Under New Leadership

03 January 2020 - Metals service center Olympic Steel has promoted William Zielinski to president of its Chicago Tube and Iron (CTI) subsidiary, the company announced on Thursday.

POSCO Developing Precision Location Tag

02 January 2020 - A POSCO research and development subsidiary is partnering with two tech firms to develop a location-tracking tag to be used in its plants.

Reliance Steel & Aluminum Adds California Service Center to its Roster of Companies

02 January 2020 - Reliance Steel & Aluminum Co. has completed its acquisition of California-based service center Fry Steel Co., the company announced Thursday.

Monnet Ispat Eyes Restart

02 January 2020 - Indian steelmaker Monnet Ispat & Energy is to resume steel production this month following an extended outage for maintenance and upgrades, according the Business Standard newspaper.

Waelzholz Group Looks to Grow Sales in China, Mexico

30 December 2019 - German cold roller Waelzholz Group is expanding its cold mill in China and has established a Mexican sales subsidiary, the company reports.

MORE Technology Selected for Planned EAF

30 December 2019 - Italian EAF specialist MORE S.r.l. will be outfitting a new furnace in Ohio with a number of technology packages, the company has announced.

Nippon Steel Nisshin to Halt Blast Furnace

26 December 2019 - Nippon Steel Nisshin Co. Ltd. plans to bank a blast furnace in southern Japan next year, saying that a slowing market and other factors necessitated the move.

Liberty Steel to Acquire Bankrupt Bayou Steel for US$28 Million

26 December 2019 - Sanjeev Gupta’s Liberty Steel Group has been named the preferred buyer for bankrupt long products maker Bayou Steel Group, which suddenly halted operations this fall and laid off more than 400 people.

Justice Department OKs IPSCO Acquisition

23 December 2019 - The U.S. Department of Justice has cleared Tenaris’ planned acquisition of PAO TMK’s North American unit, IPSCO Tubulars Inc.

Report: Trump Won’t Put Tariff on Brazilian Steel

23 December 2019 - The Trump administration won’t impose a 25% tariff on Brazilian steel and aluminum, the country’s president has said, according to The Hill newspaper.

Danieli Upgrades EAF at Acciaierie Fonderie Cividale

23 December 2019 - Danieli Automation has completed an upgrade to Acciaierie Fonderie Cividale’s 35-metric-ton AC electric arc furnace in Italy, the equipment supplier announced.

Olympic Steel Promotes COO to President

23 December 2019 - Ohio-based service center Olympic Steel Inc. has named chief operating officer Andrew S. Greiff as president, the company said Monday.

U. S. Steel Accelerates Best of Both Strategy

20 December 2019 - United States Steel Corporation plans to indefinitely idle parts of its Great Lakes Works in Michigan next year as it advances its “best of both” strategy, through which it intends to narrow its operational focus to a few core integrated assets and expand into electric arc furnace steelmaking.

ArcelorMittal Agrees to Continue Ilva Negotiations

20 December 2019 - ArcelorMittal and the Italian government have reached a non-binding agreement on a new path forward for the Ilva steel works and will continue to negotiate a new industrial plan, the company said Friday.

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