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Latest News

Newly Built Pellet Plant Achieves Production Goal

09 January 2018 - A new Russian pelletizing plant has reached its design capacity and is now producing more than 500,000 metric tons of commercial-grade pellets per month.

Fives Expands Machine Tool Services Business Through Acquisition

09 January 2018 - Konecranes has sold its U.S.-based machine tool service unit to industrial engineer Fives for an undisclosed amount, Fives said on Tuesday. 

Report: SAIL, ArcelorMittal Consider Joint Offer for Indebted Steelmaker

09 January 2018 - ArcelorMittal and the Steel Authority of India Ltd. (SAIL) reportedly are weighing a joint bid for India’s Bhushan Steel, which was forced into insolvency proceedings last year, reports financial portal moneycontrol.com. 

Tenova Promotes COO to Lead Metals Division

08 January 2018 - Tenova S.p.A. has named a company veteran as chief executive of its metals division, the equipment manufacturer announced Monday. 

Algoma Looks to Resume Labor Negotiations

08 January 2018 - Canadian steelmaker Algoma, which has been operating under creditor protection for more than two years, wants to return to the bargaining table with the United Steelworkers union and resolve the last major issue standing in the way of a restructuring, reports the online sootoday.com. 

Key Belgian Port Sees Steel Volumes Rise

08 January 2018 - Europe’s top steel port expects to report a 43% increase in its 2017 steel volumes, reports Breakbulk Magazine. 

China Sets New Steel Capacity Rules

08 January 2018 - The Chinese government is imposing new rules on steelmakers who want to build new capacity, reports the Reuters news service. 

ArcelorMittal Wades Deeper Into Solar Market

05 January 2018 - ArcelorMittal is acquiring the assets of a bankrupt manufacturer of solar farm trackers, the steelmaker has announced. 

Danieli Corus Lands Orders for Process Control Systems

05 January 2018 - Danieli Corus has won orders for sublance-based process control systems that are to be installed at two Chinese steel plants. 

GFG Alliance Acquires Australian Coking Coal Mine

02 January 2018 - The family-owned company that acquired Australia’s Whyalla steel works last summer has a deal to buy a metallurgical coal mine that supplies it. 

New Owner of Stalled Taconite Project Prepares to Move Forward

28 December 2017 - The Essar Steel Minnesota project has emerged from Chapter 11 bankruptcy under new ownership and is firing new legal shots at would-be competitor Cleveland-Cliffs Inc., reports the Duluth News Tribune newspaper. 

Mechel Enters Coke Supply Agreement with Serbian Mill

28 December 2017 - Russian miner and steelmaker Mechel PAO has signed an agreement to supply 120,000 metric tons of coke to Serbia’s lone steel mill. 

Investment Firm Acquires Steel Technical Center

27 December 2017 - An investment firm that owns metals and logistics businesses has acquired Heidtman Steel’s automotive steel technical center for an undisclosed amount.

SMS group Lands Significant Order From Ukrainian Steel Mill

27 December 2017 - PJSC ArcelorMittal Kryvyi Rih has awarded a contract for two secondary metallurgy plants and two billet casters to SMS group, the equipment supplier has announced.

Stainless Re-Rolling Mill Returns to Service

27 December 2017 - Danieli Service recently helped to restart an idled stainless re-rolling mill in the in the Kingdom of Bahrain, the company said in an announcement.

Tata Board OKs US$3.7 Billion Expansion Project

26 December 2017 - Tata Steel Ltd.’s board of directors has approved a project that will more than double the capacity at the company’s new Kalinganagar works in the state of Odisha.

thyssenkrupp, Union Reach Deal on Steel Joint Venture

26 December 2017 - Germany’s thyssenkrupp AG has come to terms on a labor agreement with its union workforce, a critical step toward finalizing the joint venture combination of its steelmaking business with Tata Steel Ltd.'s European operations.

British Steel CEO Steps Aside

26 December 2017 - Less than a year into his tenure, the chief executive of the new British Steel has stepped down, reports the (London) Financial Times.

Fives Expands Lineup of Pipe and Tube Machines

26 December 2017 - Machine builder and industrial engineer Fives has acquired the intellectual property of an Italian manufacturer of pipe and tube equipment. 

Steelmaker Closes on Deal for Shuttered Wire Rod Plant

21 December 2017 - British steelmaker Liberty House Group has completed its acquisition of a closed wire rod plant in South Carolina and plans to restart production this spring. 

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