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Latest News

Former Gerdau Manager to Lead Revived South Carolina Mill

21 May 2018 - Liberty Steel USA, which is preparing to restart its recently acquired wire rod mill in Georgetown, S.C., has hired a new general manager to oversee the facility.

China Will Step Down Steel Capacity, Executive Says

21 May 2018 - China’s steel industry will continue to reduce capacity, lowering it to under 1 billion metric tons by 2025, said Yu Yong, president of the China Iron and Steel Association, according to the Reuters news service.

Danieli Awarded Contract for Greenfield Wire Rod Mill

21 May 2018 - Concrete reinforcement products maker Van Merksteijn International has chosen Danieli to equip a new mini-mill at the port of Eemshavenin in the Netherlands.

Harsco Extends, Expands Role at ArcelorMittal's French Operations

21 May 2018 - Mill services contractor Harsco Corp. has renewed two logistics and packaging contracts – and signed four new agreements – with ArcelorMittal Atlantique & Lorraine in France, the company has announced.

Big River CCO Steps Aside

18 May 2018 - Big River Steel chief commercial officer Mark Bula is leaving the company to pursue new entrepreneurial opportunities, the steelmaker has announced.

Commerce Department Sides with U.S. Cold-Rolled, Corrosion-Resistant Producers in Circumvention Case

18 May 2018 - Overseas producers were circumventing U.S. anti-dumping measures by converting Chinese-made, hot-rolled coils to corrosion-resistant and cold-rolled steel in Vietnam, the U.S. Commerce Department ruled on Thursday.

JSW Steel Reaches Deal to Acquire Italian Long Products Facility

18 May 2018 - JSW Steel has locked up a deal to acquire Italy’s struggling Aferpi long products mill from the Cevital Group, according to reports.

Chinese Mills Begin Beefing Up Scrap Infrastructure

18 May 2018 - As China’s electric arc furnace capacity rises, Chinese steel mills are subsequently investing in scrap processing equipment, reports the Reuters news service.

Union Partners Adds Another Service Center to Its Roster

17 May 2018 - Union Partners, a Chicago-based investment firm with a growing portfolio of steel and metals businesses, has acquired Contractors Steel for an undisclosed amount, the firm announced Thursday.

20% of India's Steel Capacity Is Up for Grabs

17 May 2018 - Acquisitive steelmakers are offering to pay the equivalent of US$14 billion for one-fifth of India’s steelmaking capacity, reports the online publication Quartz.

Service Center to Set Up Shop at Nucor Steel-Arkansas

17 May 2018 - California-based service center Calstrip Industries Inc. is planning to build a 300,000-square-foot processing plant at Nucor Steel-Arkansas, an investment that will help support the new specialty cold rolling mill being installed there.

Algoma, United Steelworkers Come to Terms on Tentative Labor Agreement

16 May 2018 - Canadian steelmaker Algoma has reached a tentative labor agreement with unionized workers, possibly clearing one of the last hurdles before its exit from creditor protection, reports The Salut Star newspaper in Ontario.

Outokumpu Acquires Full Ownership in Joint Venture Mill

16 May 2018 - Finnish stainless producer Outokumpu is buying out its partner in its joint venture wire rod mill and will take full ownership of the facility.

thyssenkrupp-Tata Tie-Up on Track for June Signing

15 May 2018 - Germany’s thyssenkrupp expects to sign the agreement to merge its steel division with Tata Steel’s European strip business by the end of June, reports S&P Global Platts.

SDI Expands Flat-Rolled Operation Through US$400 Million Acquisition

15 May 2018 - Steel Dynamics Inc. said it will acquire Companhia Siderurgica Nacional’s (CSN) coil processing operation in Terre Haute, Ind., USA, for US$400 million in cash.

Nucor Sheet Mill to Receive US$240M Galvanizing Line

14 May 2018 - Nucor Corp. will build a US$240 million galvanizing line at its Arkansas sheet mill, where it already is installing a specialty cold rolling mill, and is weighing similar investments elsewhere, the company has announced.

SAIL Completes Work on New Blast Furnace

14 May 2018 - Steel Authority of India Ltd. (SAIL) last week blew in a new and larger blast furnace at its Rourkela steel plant.

Report: Tariffs Causing Downstream Steel Companies to Delay Investment Decisions

14 May 2018 - Although American steel mills are cheering the Trump administration’s Section 232 steel and aluminum tariffs, they are creating uncertainly among leaders of downstream businesses, which are postponing investments and suspending hiring and expansion plans, reports The New York Times.

Shares of Chinese Steelmakers Notch Down on Expectations of Rising Output

14 May 2018 - Rising production and falling steel prices have taken some of the financial sparkle off of China’s iron and steel industry, which had been benefiting from healthy demand and mill closures, reports the Bloomberg news service.

Danieli Sees Continuing U.S. Investment

09 May 2018 - For Italian equipment manufacturer Danieli, stable steel consumption in Europe and the U.S. is leading to contracts for upgrades and modernizations. However, conditions haven’t been right for expansive, capital-intensive projects, said Danieli board chairman Gianpietro Benedetti.

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