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Industry
Latest News
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.
Sandvik Acquires Stainless Tube Maker
20 December 2019 - Sweden’s Sandvik Group is acquiring Summerill Tube Corp., a Pennsylvania-based manufacturer of high-precision stainless and nickel alloy tubes, for an undisclosed amount.
Danieli Lands Order for Bar Mill Caster, Secondary Metallurgy Station
19 December 2019 - Nucor Corp. has chosen Danieli to provide a new 4-strand billet caster and secondary metallurgy station for its Kankakee bar mill in Bourbonnais, Ill., USA, the equipment supplier has announced.
Nucor to Add Paint Line to Arkansas Mill
19 December 2019 - Nucor Corp.’s board of directors has greenlighted installation of a new coil paint line at its Arkansas sheet mill, an addition that will allow it to compete in new markets.
SSAB Americas to Introduce Fossil-Free Steel to North America
17 December 2019 - SSAB Americas is aiming to produce fossil fuel free steels at its U.S. mills by 2026, and its Montpelier, Iowa, USA, facility already is on track to be completely by renewable energy by 2022, the company has said.
Steel Demand Intact, But SDI Expects Lower Q4 Profits
17 December 2019 - Planned outages, lower prices and seasonally lower shipments are likely to offset Steel Dynamics Inc.’s fourth-quarter profits, the company has said.
SMS Group Earns Final Acceptance Certificate for Ultrawide Slab Caster
17 December 2019 - China’s Shandong Iron & Steel Group Co. Ltd. has issued the final acceptance certificate on its new ultrawide slab caster, reports the machine’s builder, SMS group.
ArcelorMittal, Nippon Steel Look to Expand Essar Steel
16 December 2019 - ArcelorMittal and joint venture partner Nippon Steel Corp. have finalized their acquisition of Essar Steel India Ltd., completing a deal that gives both a foothold in the growing Indian steel market.
NLMK Lights Rebuilt Blast Furnace
16 December 2019 - NLMK has blown in a rebuilt blast furnace at its Lipetsk plant, concluding a project that began in May, the project contractor has announced.
Nucor Expects Q4 Profits to Dip, But Sees Improvement in 2020
16 December 2019 - Nucor Corp. is expecting its fourth-quarter profits to fall on account of lower steel prices and higher scrap prices, the company has said.
AISI Welcomes New Members
16 December 2019 - Two North American steelmakers have joined the ranks of the American Iron and Steel Institute (AISI), the association has announced.
Nucor Names New Board Chairman
13 December 2019 - Nucor Corp.’s board of directors has named metals executive and lead director John H. Walker as non-executive chairman and has elected incoming chief executive Leon J. Topalian as a director.
Here’s How Much Steel China is Forecast to Have Produced in 2019
12 December 2019 - China’s crude steel production is expected to reach 988 million metric tons this year, but decline slightly in 2020, according to the Reuters news service.
POSCO, HBIS Set Framework Agreement for Chinese JV
12 December 2019 - Asian steel majors POSCO and HBIS Group have signed a memorandum of understanding (MOU) on an automotive steel joint venture.
