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Latest News

Cleveland-Cliffs COO Announces December Retirement

17 November 2017 - P. Kelly Tompkins, chief operating officer at iron ore miner Cleveland-Cliffs Inc., has announced that he will retire at the end of the year.

Steelworkers Again Reject TimkenSteel Labor Agreement

17 November 2017 - Union employees at TimkenSteel Corp.’s Canton, Ohio, USA, facilities have rejected a tentative labor agreement for the second time in as many months.

Nucor Plans US$180 Million Investment in Illinois Bar Mill

16 November 2017 - Nucor Corp. said it selected a site for its planned merchant bar expansion, choosing its Bourbonnais, Ill., USA, rebar plant for the US$180 million investment.

Asian Steelmaker Starts Up New Cold Mill

16 November 2017 - Vietnam’s Nam Kim Steel Joint Stock Company has rolled the first coil on its new reversing cold mill at its plant in the province of Binh Duong, according the equipment supplier on the project.

SMS group Wades Deeper into 3D Printing

14 November 2017 - SMS group has struck up a partnership with a company that makes a modular 3D printing system in an effort to drive sales in the growing additive manufacturing sector.

TimkenSteel, United Steelworkers Reach Tentative Labor Deal

13 November 2017 - Three weeks after unionized workers at TimkenSteel’s Canton, Ohio, USA, facilities rejected a four-year labor agreement, the company and union negotiators have come to terms on a revised deal.

Healthier Markets Push Up Gerdau's Q3 Profits

13 November 2017 - Rising shipments and increased and sales, along with a companywide effort to reduce costs, lifted Gerdau SA’s third-quarter profits by 53%, the company reported.

ArcelorMittal Allots Nearly US$300 Million for 2018 Capital Projects

13 November 2017 - ArcelorMittal USA is budgeting for US$276 million in capital spending for next year, with much of that being set aside for its integrated mills in northern Indiana, reports The Times newspaper of northwest Indiana.

Kuwaiti Steelmaker Puts Bar Mill on Order

13 November 2017 - Italian bar mill equipment manufacturer Nuova Carpenteria Odolese (NCO) has won an order for a rebar mill from Kuwait’s Al-Oula Steel Manufacturing Company.

Improved Market Lifts ArcelorMittal's Q3 Profits

10 November 2017 - The world’s largest steelmaker saw its third-quarter profits rise 75% on higher sales and shipments, ArcleorMittal reported on Friday.

SunCoke Energy Appoints Seasoned Steel Executive to its Helm

10 November 2017 - A veteran steel industry executive will succeed SunCoke Energy Inc. chairman and chief executive Frederick “Fritz” A. Henderson, who announced on Friday that he will retire at the end of the month.

Mexican Furnace Maker Expands Through U.S. Acquisition

10 November 2017 - Industrial furnace manufacturer Nutec Bickley has acquired the key assets of U.S.-based Olson Industries for an undisclosed amount.

Former U.S. Steel Executive Joins Harsco Board

10 November 2017 - Mill services contractor Harsco Corp. has elected Mario Longhi to its board of directors, the company has announced.

Accumulating Scrap in China Could Reduce Demand for Coal, Coke

09 November 2017 - China’s scrap reservoir could more than double over the next eight years and enable a rise in electric arc furnace steelmaking – and drive a reduction in iron ore, coal and coke demand, according to Joseph Poveromo, president of Raw Materials & Ironmaking Global Consulting.

China's Steel Capacity Forecast to Fall Below 1 Billion Tons

08 November 2017 - China’s government-mandated production curtailments are forecast to reduce hot metal production by 41 million net metric tons and coke demand by 18 million net metric tons, according to an estimate from commodities consultancy CRU.

Executive: The Time Has Come for Coke Producers to Face Critical Investment Decisions

08 November 2017 - As the U.S. iron and steel industry rebounds from the downturn of 2015, the time has come for coke producers to make capital investment decisions that had been postponed. And those decisions won’t be easy to make, said John Quanci, vice president of engineering and technology for SunCoke Energy.

Competition Worries Prompt EU to Take Closer Look at ArcelorMittal-ILVA Deal

08 November 2017 - Competition regulators at the European Commission are taking a closer look at ArcelorMittal’s plan to acquire Italy’s ILVA, fearing that the deal may lead to higher prices for hot-rolled, cold-rolled and galvanized flat products, especially in southern Europe.

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