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Latest News

Mittal: Steel Tariffs Have Been a ‘Net Positive’ for Company

02 August 2018 - Rising steel prices and healthy demand propelled ArcelorMittal’s second-quarter profits to US$1.9 billion, its best quarterly finish since 2011. And chief executive Lakshmi Mittal is thanking one person: U.S. President Donald Trump.

Third-Gen Automotive Steels Have Arrived

02 August 2018 - Third-generation steels that are at once strong and formable are now being sold into the automotive market and can readily substitute components made from earlier advanced steels with lower tensile strengths, reports Repairer Driven News.

Acquisition Expands Boomerang Tube’s Processing Capabilities

02 August 2018 - Texas-based oil country tubular goods maker Boomerang Tube LLC has acquired nearby casings processor Southern Tube LLC for an undisclosed amount, the company has announced.

Primetals Technologies, Danieli Tapped for Caster Improvements

02 August 2018 - Two Italian steelmakers are upgrading continuous casters in a bid to increase capacity and improve product quality, according to separate announcements from the equipment suppliers on the projects.

INBLIC Technologies Partners With GE Digital on Software Solution

30 July 2018 - Mexico’s INBLIC Technologies has signed an agreement allowing it to resell GE Digital’s suite of asset performance management software, the company has announced.

Severstal Plans Stamp Charged Coke Plant

30 July 2018 - Coke oven and blast furnace specialist Paul Wurth has won a contract to build two stamp-charged coke batteries for Severstal’s Cherepovets steel works in Russia, the company has announced.

ArcelorMittal Makes 'Take It or Leave It' Offer for ILVA

30 July 2018 - ArcelorMittal has upped its offer for Italy’s ILVA after the country’s new government began pushing for a better deal, reports commodities news and pricing service Argus Media.

Trump: 'The Days of Plundering American Jobs ... Are Over'

27 July 2018 - In his effort to prop up American steelmaking, President Donald Trump has pointed to United States Steel Corporation and the restart of its Granite City blast furnaces as an example of his trade policy success.

Nucor Lays Bet on New Electroplating Process

27 July 2018 - Nucor Corp. is investing in a start-up company developing a chrome-plating process that substitutes toxic hexavalent chromium for a trivalent chromium, its safer form.

SMS group to Build Meltshop for New Austrian Mill

27 July 2018 - SMS group has been chosen to outfit the meltshop at a planned special steel plant in Austria, the equipment supplier said on Friday.

NAFTA Talks Ready to Resume, Mexican Official Says

27 July 2018 - Mexican Economy Secretary Ildefonso Guajardo said that his country and the U.S. are ready to pick up stalled negotiations on revisions to the North American Free Trade Agreement, according to the Reuters news service.

Global Steel Production Is Up. Here's How Much.

26 July 2018 - Global crude steel production rose 881.4 million metric tons in the first half of 2018, reports news and pricing provider S&P Global Platts.

U.S., EU Hope to 'Resolve' Steel Tariffs

26 July 2018 - U.S. President Donald Trump and European Commission President Jean-Claude Juncker announced Wednesday that the two economies would work toward removing tariffs on industrial and goods and “resolve” the 25% steel tariffs imposed by the U.S.

Italian Government Launches Examination of Ilva Bidding

25 July 2018 - The Italian government has opened a review into the bidding process for Ilva and could potentially rescind its agreement to sell the business to ArcelorMittal, reports Kallanish Commodities.

Danieli Awarded Contract for Chinese Micro-Mill

25 July 2018 - Chinese steelmaker Guilin Pinggang Iron & Steel has ordered a Danieli micro-mill, handing the equipment supplier its 15th order globally for such facilities.

Red Bud Industries Lands Order for Coil Processing Line

25 July 2018 - Red Bud Industries has won an order for a 60-inch, high-speed slitting line from an Illinois-based service center, the coil processing equipment manufacturer has announced.

Steel Dynamics Working on Deal for Idled Mill in Kentucky

24 July 2018 - Steel Dynamics Inc. is planning to acquire a shuttered bar mill in Kentucky, chief executive Mark Millett said Tuesday.

Timken Expands Power Transmission Business With Cone Drive Acquisition

24 July 2018 - The Timken Co. is acquiring precision drives manufacturer Cone Drive for an undisclosed amount, it announced on Tuesday.

Steelworkers, ArcelorMittal Get to Work on New Contract

24 July 2018 - Despite the overall health of the steel industry, the United Steelworkers union and ArcelorMittal USA appear to have some difficult bargaining sessions ahead of them as they begin work on a new labor contract, reports The Times newspaper of northwest Indiana.

Cleveland-Cliffs Expects Heavier Iron Ore Pellet Sales

23 July 2018 - Iron ore miner Cleveland-Cliffs Inc. has revised up its full-year sales forecast, saying that it now expects to sell 21 million long tons’ worth of pellets on account of healthy demand.

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