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Latest News

Steelworkers Announce Tentative Agreement with ArcelorMittal

02 November 2018 - The United Steelworkers union has reached a tentative labor agreement with ArcelorMittal USA, the union said on Friday. 

Liberty House Expands Roster of Mills Yet Again

02 November 2018 - Metals entrepreneur Sanjeev Gupta and his Liberty House Group have reached a conditional agreement to buy two cold mills and other assets from ArcelorMittal, a strategic acquisition that expands the growing company’s presence in Europe. 

ArcelorMittal Takes Control of One of EU’s Largest Steel Works

01 November 2018 - ArcelorMittal has finalized its deal to acquire Italy’s ILVA S.p.A., giving it control of the European Union’s largest steel works.

SSAB Looks to Increase Q&T Capacity Through US$110M Project

01 November 2018 - Swedish steelmaker SSAB said it plans to invest the equivalent of around US$110 million in its Mobile, Ala., USA, plant and increase capacity to make quenched-and-tempered (Q&T) steels and other products. 

Steelworkers Begin Considering U. S. Steel Contract

30 October 2018 - The United Steelworkers union has mailed ballots to its U. S. Steel members who are deciding whether to ratify the union’s tentative labor agreement with the integrated steelmaker, reports The Times newspaper of northwest Indiana. 

European Regulators Taking a Closer Look at Tata-thyssenkrupp Deal

30 October 2018 - The European Commission has opened an in-depth assessment of thyssenkrupp and Tata Steel Europe’s planned joint venture. 

U.S. Rebar Maker Slates Mill Upgrade

30 October 2018 - The operator of a Texas bar mill has turned to Primetals Technologies to upgrade the mill’s packaging end. 

Essar Steel Creditors Give Nod to ArcelorMittal Offer

30 October 2018 - Essar Steel India Ltd.’s creditors have named ArcelorMittal as the successful bidder for the debt-laden business, accepting its US$6.8 billion offer. 

In Surprise Move, Essar Steel Promoters Offer to Repay Lenders and Halt Bankruptcy Sale

25 October 2018 - India’s Ruia family, which promotes Essar Steel India Ltd., have made a last-ditch effort to reclaim the bankrupt business, offering to pay off the equivalent of US$7.4 billion, just as creditors were to vote on a bid from ArcelorMittal. 

Supported by Energy Market Rebound, Tenaris Restarts Texas Facility

25 October 2018 - Tenaris has restarted parts of an idled line pipe and OCTG mill in Conroe, Texas, citing improved market conditions.

Tenova Bags Order for Vietnamese Galvanizing Line

25 October 2018 - Vietnamese sheet processor Southern Steel Sheet Co. Ltd. (SSSC) has ordered a third galvanizing line from Tenova for its plant in Nhon Trach.

EVRAZ Eyes Expansion of U.S. Rail Capabilities

25 October 2018 - EVRAZ North America is weighing construction of a new US$480 million rail mill at its Rocky Mountain Steel facility in Pueblo, Colo., the company has announced.

SSAB Adds to Roster of Steel Products

25 October 2018 - Specialty steel producer SSAB has added a new type of steel to its product mix, one that it says is geared for product manufacturers that have stamping, punching, slitting and complicate die forming operations in its production lines.

To Avoid Tariffs, Metals Businesses Looking to Set Up Shop in U.S.

25 October 2018 - The Trump administration’s Section 232 tariffs on steel and aluminum is prompting some overseas companies to begin kicking around for acquisition targets as a way to avoid the tax, according to professional services firm PwC.

Nucor, SDI Report Hefty Q3 Profits 

18 October 2018 - America’s two biggest electric arc furnace producers each saw third-quarter profits rise on higher prices and shipments, they reported on Thursday.

Keep International Committee on Excess Capacity Going, World Steel Chairman Says

17 October 2018 - The World Steel Association’s outgoing chairman said a global body aimed at reducing excess steel capacity is making inroads and should be allowed to continue its work. 

Report: U. S. Steel Union Employees in Line for Raises

17 October 2018 - Union employees at United States Steel Corporation will see their wages cumulatively increase 14% over the next four years if they ratify a tentative labor agreement, the Reuters news service reports. 

To Allow for Essar Steel Acquisition, ArcelorMittal Agrees to Pay Off US$1B in Debt

17 October 2018 - ArcelorMittal said it is prepared to pay off the equivalent of about US$1 billion in debt on two businesses in which it had held ownership stakes in order to win approval to buy another.

Global Steel Demand Predicted to Rise This Year 

16 October 2018 - Worldwide steel demand is expected to grow 3.9% this year on the underlying health of developed and emerging economies, according to the World Steel Association. 

U. S. Steel, USW Agree on Four-Year Labor Deal 

16 October 2018 - United States Steel Corporation and the United Steelworkers union have reached a tentative, four-year labor agreement, the union and the steelmaker have announced. 

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