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Latest News

U. S. Steel Names New CIO

27 June 2019 - United States Steel Corporation has promoted a 10-year veteran of its information technology division as chief information officer.

Alliance Steel Plans New Slitting Line

27 June 2019 - Gary, Ind.-based service center Alliance Steel Corp. has contracted Red Bud Industries for a heavy-guage slitting line.

Commercial Metals Sees Strength in Non-Res Construction, Completes Ramp-Up of New Mill

24 June 2019 - Buoyed by continuing strength in non-residential construction, long products maker Commercial Metals Company saw its fiscal third-quarter profits nearly double to US$78.4 million.

Supreme Court Won’t Hear Section 232 Challenge ... Yet

24 June 2019 - The U.S. Supreme Court has declined to immediately hear a challenge to President Donald Trump’s Section 232 steel and aluminum tariffs, ending a trade association’s effort to fast-track the case, but not the case itself.

ArcelorMittal Progresses on New Steel CSR Certification

24 June 2019 - ArcelorMittal said Monday that it expects to launch its new corporate social responsibility certification by the end of the year.

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.

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.

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