Steel News

EU Countries to Vote on Steel Import Restrictions

09 January 2019 - The European Union is to vote next week on whether to make permanent its provisional safeguard measure on steel imports, reports the Reuters news service.

Nucor Board OKs US$1.35B Midwest Plate Mill (Updated)

07 January 2019 - Nucor Corp. has revealed plans to build a US$1.35 billion plate mill somewhere in the Midwestern United States to better serve the country’s largest regional plate market.

Steel Processor Wraps Up Pickling Line Improvements

07 January 2019 - Ohio-based flat-rolled processor Heidtman Steel has completed a US$1.5 million project to upgrade pickling lines in Granite City, Ill., and Butler, Ind., USA.

Tata Steel Plans to Eke Out a Few More Years on BF Before Rebuild

04 January 2019 - Tata Steel Europe is postponing a rebuild of the No. 6 blast furnace at its IJmuiden plant and will instead squeeze a few more years of life out of it.

GFG Alliance Completes Deal for U.S. Wire Rod Manufacturer

03 January 2019 - GFG Alliance has finalized its US$320 million acquisition of Keystone Consolidated Industries (KCI), a move that will help clear the way for a planned initial public offering, the company has announced.

Olympic Steel Expands Into Product Manufacturing Through Acquisition

03 January 2019 - Ohio-based service center Olympic Steel Inc. has acquired McCullough Industries Inc., a maker of branded self-dumping hoppers, through an all-cash deal, the company has announced.

Despite Uncertain Times, There's Still a Place for Port Talbot Works, Tata Steel Executive Says

03 January 2019 - Tata Steel Europe head Hans Fischer said he believes there is a future for the United Kingdom’s largest steel works, even after the country leaves the European Union, but cautioned that more work is needed to turn around the integrated facility.

Scrap Metal Services Establishes Partnership With Texas Mill

27 December 2018 - Mini-mill operator Optimus Steel has contracted Chicago-based Scrap Metal Services LLC (SMS) and its mill services division, SMS Mill Services, to provide on-site scrap management.

Scrap Steel Consumption on the Rise in China

27 December 2018 - As new electric arc furnaces come on-line, China’s scrap steel use is expected to cross the 200-million-metric-ton threshold by 2020, if it hasn’t already, Argus Media reports.

Indian Rebar Maker to See Substantial Capacity Increase

26 December 2018 - U.K.-based mining and energy conglomerate Vedanta Resources Ltd. plans to invest somewhere between US$3 billion to US$4 billion in an Indian steel mill over the next several years.

Russian Researchers Start Up Novel Iron Recovery Furnace

26 December 2018 - A Russian technical university and an industry partner have fired up a pilot-scale furnace designed to recover iron and other metals from industrial and municipal solid wastes.

SSWI Appoints New General Manager at Niagara LaSalle Plant

19 December 2018 - Specialty Steel Works Inc. (SSWI) has named an industry veteran to lead its Niagara LaSalle cold-finished bar plant in Hammond, Ind., USA, the company said on Wednesday.

NLMK Commences Work on Blast Furnace Rebuild

19 December 2018 - NLMK Group has begun rebuilding the No. 6 blast furnace at its Lipetsk plant in Russia, a project that will increase its ironmaking capacity by 8% to 3.4 million metric tons.

Section 232 Tariffs Incongruent With USMCA Deal, Canadian Official Says

19 December 2018 - A Canadian official argues that the Section 232 tariffs on steel and aluminum contradict a key component of the new U.S.-Mexico-Canada trade agreement and therefore will, in the end, be lifted.

After Nearly a Decade in Mothballs, This EAF is Throwing Sparks Once Again

18 December 2018 - JSW Steel has restarted the meltshop at its Mingo Junction, Ohio, mill, bringing back to life a furnace that has been idled for more than nine years.

Nucor, Steel Dynamics Forecast Record 2018 Earnings

18 December 2018 - Nucor Corp. and Steel Dynamics Inc. expect to report record full-year earnings in 2018 owing to the underlying strength in the steel markets and other factors, and both are looking for continued profitability in 2019, the companies have said.