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Latest News

JSW Steel Sites Proposed Mill in India

27 September 2018 - The Indian state of Odisha has allotted roughly 2,900 acres of land to JSW Steel for a proposed steel plant, reports the The Times of India newspaper. 

Tata Expands Capacity With Usha Martin Acquisition

24 September 2018 - Indian wire rope manufacturer Usha Martin Ltd. is divesting its special steel plant and other upstream assets to Tata Steel for the equivalent of between US$589.6 million and US$644.5 million, the company has announced. 

China Steel Executive Expects to See Iron Ore Demand Flatten Due to Scrap Displacement

21 September 2018 - China bought more than 1 billion metric tons of iron ore last year, but demand will likely plateau as a governmental push to reduce pollution drives a conversion in production routes, the Reuters news service reports.

Salzgitter Plate Mill Marks the Start of Work on New Processing Line

19 September 2018 - Salzgitter AG subsidiary Ilsenburger Grobblech GmbH has broken ground on a EUR150 million heat treat line, marking the start of a project that Salzgitter says is the single largest investment in the heavy plate mill’s history. 

ArcelorMittal Employees Vote to Authorize Strike

19 September 2018 - United Steelworkers members have authorized union leaders to call a strike against ArcelorMittal USA, if they deem one necessary. 

Report: India Might Win Limited Section 232 Tariff Exemption

19 September 2018 - The Trump administration reportedly has agreed to exempt some Indian steel and aluminum from the Section 232 tariffs announced in March, according to The (India) Economic Times. 

Zekelman Industries Halts Initial Public Offering

19 September 2018 - Pipe and tube maker Zekelman Industries has postponed its planned US$750 million initial public offering, saying that its shares weren’t fetching the price it had hoped for, reports the Windsor (Ontario) Star. 

Nucor, Steel Dynamics Expect Q3 Earnings Growth

18 September 2018 - Nucor Corp. and Steel Dynamics Inc. are forecasting higher third-quarter earnings on continued strength in demand, the steelmakers have said. 

South Korean Steelmaker Slates Bar Mill Improvements

18 September 2018 - South Korea’s Daehan Steel Co. Ltd. has contracted SMS group to replace a bar mill quenching line at its Sinpyeong works and make other improvements, the equipment supplier has announced. 

Chinese Steel Companies Launch JV to Drive Consolidation

18 September 2018 - China’s big three steelmakers and an asset management company are investing the equivalent of US$291.3 million in a joint venture that will buy up steel assets, with an eye to driving consolidation within the country, reports the Reuters news service. 

Steel Dynamics Takes the Keys to Closed Bar Mill, Eyes November Restart

18 September 2018 - Steel Dynamics Inc. has finalized its acquisition of shuttered Kentucky Electric Steel for US$5 million and plans to reopen the facility in November. 

British Steel Announces Layoffs

14 September 2018 - U.K.-based long products producer British Steel said on Friday that it will eliminate 400 managerial, professional and administrative positions in an effort to cut costs and provide for long-term growth. 

Tenova R&D Programs Aim to Bring Steelmaking Further Into Industry 4.0

14 September 2018 - Tenova has announced that it is participating in three publicly funded research and development initiatives aimed at incorporating Industry 4.0 concepts into steel manufacturing and reducing environmental impacts. 

SMS group Wins Order for Bar Mill

14 September 2018 - With an eye to expanding its long products portfolio, Cameroon’s Prometal Aciérie has awarded a contract to SMS group for a 300,000-ton rolling mill, SMS group has announced. 

ArcelorMittal Plant Re-Signs Harsco for Mill Services

14 September 2018 - Mill contractor Harsco Corp. has signed a 10-year contract renewal with ArcelorMittal Tubarão in Brazil, the company announced Thursday. 

U. S. Steel Lays Revised USW Offer on the Table

12 September 2018 - United States Steel Corporation has made a revised offer to the United Steelworkers union, saying it is now proposing to incrementally increase base wages by 14% over the life of the deal. 

East Coast Mills Suspend Operations in Advance of Hurricane Florence

12 September 2018 - Steel mills in the path of Hurricane Florence are bracing for the storm’s landfall and are shutting down equipment and suspending operations, reports commodities pricing and news service S&P Global Platts. 

ArcelorMittal Raises Offer for India’s Essar Steel

12 September 2018 - ArcelorMittal has put a new offer on the table for Essar Steel India Ltd., bidding the equivalent of US$5.8 billion for the bankrupt steelmaker, according to media reports. 

USW Might Seek Strike Authorizations in ArcelorMittal Talks

07 September 2018 - Negotiators with the United Steelworkers union said they’ll seek strike authorizations if they are unable to make significant progress with ArcelorMittal USA on a new labor agreement by early next week.  

Nucor Announces Plans to Double Capacity of Gallatin Sheet Mill

07 September 2018 - Nucor Corp.’s board of directors has greenlighted a US$650 million expansion of its Kentucky sheet mill, the company said on Friday. 

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