Steel News

Report: Excess Steel Inventory Poses Major Challenge to Chinese Producers

23 March 2020 - China’s steel market will have to confront a crushing tidal wave of steel that is sitting in inventory and likely to put tremendous pressure on prices this spring, reports commodities news and pricing service S&P Global Platts.

Plummeting Oil Prices Force Tenaris to Reduce U.S. Workforce

23 March 2020 - Pipe and tube manufacturer Tenaris is laying off more than 900 people at its U.S. facilities as the sudden decline in oil prices have ground the energy tubular market to a halt.

U. S. Steel Issues Q1 Earnings Guidance

20 March 2020 - United States Steel Corporation expects to record a first-quarter loss due in part to difficulties in the tubular market and the European sheet market, both of which are occurring against the backdrop of a global pandemic, the company said on Friday.

Cleveland-Cliffs Pauses Work on Toledo HBI Plant

20 March 2020 - Cleveland-Cliffs Inc. is temporarily halting construction at its hot-briquetted iron (HBI) plant in Toledo, Ohio, USA, the company said late Thursday.

Mills, Service Centers Must Be Allowed to Remain Open, Steel Trade Groups Say

20 March 2020 - Steel mills and steel service centers are essential infrastructure and should be uniformly excluded from shelter-in-place policies, leaders at the American Iron and Steel Institute and the Metals Service Center Institute have said.

U.S. Iron Ore Miners Say No Virus Impacts...Yet

19 March 2020 - Minnesota’s Iron Range is bracing for a potential recession, but for now iron ore operations are continuing as they have, reports the Duluth News Tribune.

Nucor, SDI Off to Solid 2020 Start, But Coronavirus Consequences Loom

19 March 2020 - Impacts from the coronavirus have so far been minimal, but Nucor and Steel Dynamics said Thursday that they each expect to see fallout further down the road.

Coronavirus Forces North American Automakers to Halt Production Lines

19 March 2020 - As the coronavirus pandemic worsens, North America’s automakers are temporarily closing plants to protect workers and help halt the spread of the virus, reports the Associated Press.

Union Employees at Cleveland-Cliffs Mill OK New Labor Deal

19 March 2020 - Union employees at Cleveland-Cliffs Inc.’s Middletown Works in Ohio have ratified a three-year labor agreement, the company said Thursday.

Fives Gets the Nod for Reheat Furnace Improvement

19 March 2020 - JSW Steel has contracted Fives to upgrade the reheat furnaces at its Vijayanagar Works in India, the equipment supplier has said.

Coronavirus Prompts ArcelorMittal to Reduce European Production

19 March 2020 - ArcelorMittal is reducing production in Europe due to impacts from the coronavirus, the company said Thursday.

Indonesian Mill Signs Off on Skinpass Mill Improvement

18 March 2020 - An Indonesian steelmaker has signed the final acceptance certificate for an overhaul of its hot skinpass mill, according to contractor Danieli Automation.

Life at the Mill: Travel Restrictions, No Visitors

18 March 2020 - U.S. mills are continuing to produce steel, but for two of the biggest steelmakers, the new normal includes postponed meetings, travel restrictions and stricter visitors’ policies, reports The Times newspaper of northwest Indiana.

West Coast Service Center Starts New CTL Line

18 March 2020 - ANDRITZ Herr-Voss Stamco Inc. has wrapped up installation of a cut-to-length line at a West Coast service center.

USMCA Clears Canadian Parliament, U.S. Targets June Implementation

18 March 2020 - Canada’s parliament has ratified the U.S.-Mexico-Canada agreement, officially bringing all of North America into the replacement NAFTA deal.

SCHADE Lagertechnik to Outfit New Iron Ore Stockyard

17 March 2020 - Port logistics provider Ultramar has contracted SCHADE Lagertechnik GmbH to equip the stockyard of a new iron ore terminal at a Russian port.

U.S. Steel Production So Far Unaffected by Virus, Mills Say

16 March 2020 - At least as of the end of last week, the coronavirus pandemic hadn’t yet impacted U.S. steel production, mill operators told S&P Global Platts.

EU Should Adopt Carbon Border Tax on Steel, ArcelorMittal Says

16 March 2020 - ArcelorMittal is calling on EU leaders to include a carbon border adjustment in its EUR1 trillion Green Deal, its plan to make the carbon neutral by 2050.

AIC Receives Rolling Mill Upgrade Project

16 March 2020 - Italy’s Ferriera Alto Milanese has turned to Automazioni Industriali Capitanio (AIC) to upgrade a special profiles rolling mill in northern Italy.

It’s Official: AK Steel Is Now a Part of Cleveland-Cliffs

13 March 2020 - Cleveland-Cliffs Inc. on Friday completed its acquisition of AK Steel Corp., marking the beginning of a new era for two storied American businesses.