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Latest News

Industry Group Says India Has Inched Out Japan as World's Second-Biggest Producer

04 April 2018 - India’s crude steel production has surpassed Japan’s output, making the country the world’s second-largest steelmaker, reports the Press Trust of India (PTI).

Tin Mill Products Distributor Sold to Olympic Steel

04 April 2018 - Ohio-based service center Olympic Steel Inc. has acquired tin mill products processor and distributor Berlin Metals for an undisclosed amount, the company has announced. 

Outokumpu Lands Record Rebar Order

04 April 2018 - Outokumpu has won an order for more than 2,500 metric tons of stainless steel rebar to be used in a North Carolina bridge project, its largest U.S. order for domestically made rebar to date.

Gerdau Finalizes Divestment of Texas Mill

03 April 2018 - Gerdau SA has completed the sale of its Beaumont, Texas, wire rod mill and two downstream facilities to an entity affiliated with Florida-based Wire Mesh Corp. 

Workers Begin Reviving Idled Wire Rod Mill

03 April 2018 - The first group of United Steelworkers reported back to work today at the Liberty Steel Georgetown wire rod mill in South Carolina, becoming the first to clock in there since the facility closed in 2015. 

JSW Steel Expands U.S. Presence with Sheet Mill Acquisition

29 March 2018 - India’s JSW Steel is acquiring the operator of a former Wheeling-Pittsburgh Steel mill in Ohio for about US$81 million, reports The Hindu newspaper. 

Union Remains Hopeful for Deal to Save Hamilton Specialty Bar

29 March 2018 - Even as Canadian SBQ manufacturer Hamilton Specialty Bar (2007) Inc. faces liquidation, talks are continuing with a potential buyer who intends to continue operating the business, and the United Steelworkers union remains optimistic that a deal can be struck, reports Canadian news radio station AM900 CHML. 

German Labor Union Raises New Concern Over Tata-thyssenkrupp Joint Venture

29 March 2018 - A new obstacle is emerging in the planned Tata Steel-thyssenkrupp AG joint venture, as German unions are voicing displeasure over a labor guarantee that Tata’s Dutch unit could continue to operate independently past the tie-up. 

Primetals Technologies Finishes Upgrades to Georgia Caster

29 March 2018 - Gerdau’s sections mill in Cartersville, Ga., USA, has completed modifications to its 4-strand caster and has put the machine back into service, according to the equipment supplier on the project. 

Steel Tariffs Enabling Potential Mill Restarts in Ohio

28 March 2018 - Republic Steel might restart a bar rolling mill at its idled Lorain, Ohio, USA, facility as soon as this spring, reports American Metal Market.  

Section 232 Decision Prompts Canada to Shore Up Import Defenses

28 March 2018 - Canada is instituting new regulatory measures intended to thwart transshipping of steel through the country, Prime Minister Justin Trudeau’s office has announced. 

Looking to Reduce Debt, CSN Eyes Asset Sales

28 March 2018 - Companhia Siderurgica Nacional chief executive Benjamin Steinbruch said the Brazilian steelmaker is planning to sell between US$600 and US$901 million worth of assets this year to pay down debt, reports the Reuters news service. 

Steel Tariffs Prompt EU to Launch Safeguard Investigation

27 March 2018 - Fearing that President Trump’s Section 232 steel tariffs will create a surge of diverted imports, the European Commission has opened a safeguard investigation on 26 products.  

Deadline to Save Canadian Bar Maker Passes Without an Offer

27 March 2018 - Canadian SBQ maker Hamilton Specialty Bar (2007) Inc. is to be liquidated after a would-be buyer failed to finalize an offer for the business. 

South Korea Secures Permanent Exemption to U.S. Steel Tariff

26 March 2018 - U.S. officials have agreed to exempt South Korea from the Section 232 tariffs in exchange for limits on the amount of steel it exports to the U.S.  

JSW Steel Eyes US$500M Investment in Texas Mill

26 March 2018 - JSW Steel could invest up to US$500 million in its plate and pipe mill in Texas and add a hot end to the facility, according to an announcement.  

Some U.S. Allies Granted Provisional Exemption to Steel Tariff

22 March 2018 - U. S. Trade Representative Robert Lighthizer said the European Union and four countries will be granted an initial pass on the Section 232 steel tariffs that go into effect Friday.

Essar Steel Creditors Call for Redo on Bidding

22 March 2018 - Essar Steel Ltd.’s creditors committee has rejected offers from both ArcelorMittal and an entity led by a Russian bank on grounds that both were ineligible to bid under Indian insolvency rules, according to reports.  

Deadline for Hamilton Specialty Bar Sale Draws Near

22 March 2018 - An investment firm is scrambling to finalize a bid for insolvent SBQ maker Hamilton Specialty Bar in Canada before a deadline Monday. 

Trump Administration Opens Tariff Exemption Talks

21 March 2018 - The Trump administration is discussing potential country-level exemptions to the steel and aluminum tariffs with the European Union, Australia, Argentina and, soon, Brazil, reports the Bloomberg news service.

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