Open / Close Advertisement

Industry

Latest News

HarbisonWalker Begins Firing Up Ohio Refractories Facility

21 March 2018 - U.S. refractories manufacturer HarbisonWalker International has finished construction of its new monolithic refractories plant and is starting up operations.

Big River Might Make Expansion Decision Soon

20 March 2018 - Big River Steel executive Mark Bula said he believes his company will make the call on an expansion sometime this year.

Consultant: New Oil, Gas Wells Will Be Plentiful, Deeper and Steel Intensive

20 March 2018 - U.S. oil and gas exploration companies are forecast to drill around 16,000 new wells annually over the next five years, supporting demand for oil country tubular goods and line pipe, according to S&P Global Platts consultant Nicole Leonard.

A New Business for Old Blast Furnaces? Probably Not, Says Cliffs CEO

20 March 2018 - Although idled North American blast furnaces conceivably could find a second life producing merchant pig iron, the likelihood that they will is low, said Lourenco Goncalves, chairman and chief executive of iron ore miner Cleveland-Cliffs Inc.

Policy Expert Criticizes Argument Behind Section 232 Decision

20 March 2018 - The Trump administration fails to make an adequate argument for imposing steel tariffs on national security concerns and will likely face numerous legal challenges, a former economic and trade policy adviser to President Bush said on Tuesday.

Indiana Steelmaker Expects Increase in Q1 Earnings

19 March 2018 - Steel Dynamics Inc. is forecasting first-quarter earnings of between 88 and 92 cents per diluted share, up nearly 10% over the same quarter last year. 

Steel Tariffs Might Allow for Plant Restart

15 March 2018 - President Donald Trump’s decision to impose a 25% tariff on domestically imported steel continues to reverberate around the world. Here are some of the recent developments arising from the decision. 

Japan's Largest Steelmaker Extends International Reach With Ovako Acquisition

15 March 2018 - Nippon Steel & Sumitomo Metal Corp. (NSSMC) is acquiring Swedish specialty steelmaker Ovako AB for an undisclosed amount. 

Essar Steel Might Have a New Plant in Its Future

15 March 2018 - ArcelorMittal president Aditya Mittal said the company will consider building a new steel plant in India if it wins the bidding for Essar Steel, reports the Business Line newspaper. 

Nucor Contracts with SMS group for Illinois Bar Mill

14 March 2018 - SMS group has been awarded a contract to build Nucor Corp.’s planned merchant bar mill at its existing Kankakee bar plant in Illinois. 

AK Steel Workers OK New Labor Pact

13 March 2018 - Unionized employees at AK Steel Corp.’s Middletown Works in Ohio have ratified a new two-year labor agreement, the company announced Tuesday.

U. S. Steel Foresees Better 2018 Earnings

13 March 2018 - United States Steel Corporation has increased its 2018 earnings forecast by 13%, reflecting the restart of an idled blast furnace and the imposition of a 25% tariff on steel imports.

Tenova Company Lands Follow-On Order for Processing Plant Expansion

13 March 2018 - Germany’s Bilstein GmbH & Co. is undertaking a second expansion of its fully automated batch anneal plant, putting an additional eight annealing bases on order, according to the equipment supplier on the project.

New Chief Executive Takes Over at NLMK

13 March 2018 - Shareholders of Russia’s NLMK have elected senior vice president Grigory Fedorishin as the company’s new president and chief executive officer.

New Steel Mill Coming to Florida

12 March 2018 - Nucor Corp. has selected a site in central Florida as the home for a proposed US$240 million micro-mill, the company announced Monday.

Digitalization R&D Project Could Lead to Enhanced Production Scheduling at Big River

12 March 2018 - SMS group and a German university have launched a research and development project that focuses on automating production planning at Big River Steel.

Kobe Steel Executive Tapped for CEO Role

12 March 2018 - Kobe Steel has named a company veteran to its helm following the resignation of chief executive Hiroya Kawasaki, who is stepping down as a result of the quality control scandal that has shaken the Japanese steelmaker.

It's Official: Trump Imposes 25% Tariff on Imported Steel

08 March 2018 - U.S. President Donald Trump signed proclamations on Thursday imposing a 25% tariff on imported steel and a 10% tariff on imported aluminum, but left open the potential for certain countries to be exempted.  

Bhushan Steel Creditors Select Offer for Company

08 March 2018 - Tata Steel Ltd.’s bid for a controlling stake in Indian cold-rolled producer Bhushan Steel has been selected as the prevailing offer, Tata said on Wednesday. 

Steelmaker Seizes Growth Opportunity in Electric Motor Laminations

08 March 2018 - voestalpine is initiating production at a new plant that will make electric-motor lamination stacks, the Austrian steelmaker said on Wednesday.