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Latest News

Sandvik Lands Order for Offshore Tube

24 October 2017 - Sweden’s Sandvik has bagged an order for 250 km worth of undersea tubing to connect a development area to an offshore platform.

Imports Dampen Nucor Earnings

20 October 2017 - Nucor Corp. saw its third-quarter profits reduced by 12% as import pressures prevented it from recovering rising raw material costs, the steelmaker said Thursday .

Improved Sales Lift Cleveland-Cliffs Q3 Profits

20 October 2017 - Iron ore miner Cleveland-Cliffs Inc. posted a profitable third quarter on better demand and prices.

China Records Monthly Steel Production Decline

19 October 2017 - China saw its September steel production slide as mills began reducing output in keeping with government orders to reduce air pollution.

Steel Imports, Refinancing Mute Steel Dynamics' Q3 Profits

19 October 2017 - Third-quarter profits at Steel Dynamics Inc. slipped 2.5% on costs associated with debt refinancing and competition from imports, which limited price increases, the company announced Thursday.

World Steel Association Names New Chairman

18 October 2017 - The World Steel Association has elected Nippon Steel & Sumitomo Metal Corp. president Kosei Shindo as chairman, the association has announced.

Forecast: The World Will Demand More Steel in 2018

16 October 2017 - Global steel demand is projected to reach 1.62 billion tons this year and grow 1.6% in the following year, according to a new short-range forecast from the World Steel Association.

Tata Executive: Spinoff of Merged European Business Will Be Later, Not Sooner

16 October 2017 - An anticipated spinoff of Tata Steel and thyssenkrupp’s European joint venture won’t happen for another two to three years, reports the Reuters news service.

Czech Mill Plans Caster Mold Improvements

16 October 2017 - ArcelorMittal’s unit in the Czech Republic, ArcelorMittal Ostrava, is upgrading a round bloom caster with a mold that uses fiber optics to read temperatures instead of thermocouples.

Italian Mill Orders Remotely Operated Taphole Equipment

13 October 2017 - Italy’s Acciaierie Bertoli Safau has ordered an equipment package that will eliminate the need to man the eccentric bottom taphole sump panel.

Heat Treat Equipment Maker Wins Orders for Annealing Facility Expansions

13 October 2017 - voestalpine is expanding its new bell annealing facility in Linz, Austria, adding four high-temperature workbases, according to the equipment supplier, Ebner Industrieofenbau.

Fake Quality Data Could Cost Kobe Steel More than Money

11 October 2017 - About a third of the value in Kobe Steel Ltd. shares has been wiped out after the Japanese steelmaker disclosed that some employees falsified inspection certificates on copper and aluminum products and may have falsified data on powdered iron.

Report: The World Still Has Too Much Steel Capacity

11 October 2017 - The steel industry has about 330 million metric tons of capacity to spare, with more set to come on-line within the next two years, reports the Reuters news service.

Primetals Completes Overhaul of Rebar Mill

11 October 2017 - Russian long products manufacturer Abinsk Electric Steel has completed an overhaul of its meltshop and billet caster, according to the equipment supplier on the project.

SMS group to Install New Cold Mill at Pakistani Plant

11 October 2017 - SMS group has won an order for a Compact Cold Mill (CCM) from Pakistan’s Aisha Steel Mills Ltd., the equipment supplier has announced.

Gerdau Sells Chilean Long Steel Business

06 October 2017 - Gerdau SA is divesting its Chilean assets for US$154 million, the company has announced.

EU Sets Tariffs on Hot-Rolled Coil From Four Countries

06 October 2017 - The European Union has imposed tariffs ranging from EUR17.6 to EUR96.5 per ton on hot-rolled flat steel from Brazil, Iran, Russia and Ukraine.

Germany Organizes Meeting to Discuss Steel Overcapacity

06 October 2017 - Germany has called a meeting with other top steelmaking countries to discuss global overcapacity, according to the Reuters news service.

Rio Tinto and the Cargo Train that Could ... Drive Itself

04 October 2017 - Iron ore miner Rio Tinto said it has executed Australia’s first-ever fully autonomous, heavy-haul train trip, with a driverless train successfully making a 100 km pilot run between Wombat Junction and Paraburdoo in Western Australia.

U.S. Graphite Electrode Plants Sold to Japanese Manufacturer

04 October 2017 - Graphite electrode manufacturer Tokai Carbon Co. Ltd. has acquired SGL Carbon’s U.S. graphite electrode business for about US$114.4 million, giving the Japanese manufacturer a production presence in North America.

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