Steel News

SMS group Receives Final OK on Bar Mill Improvements

05 October 2018 - Spain’s Sidenor Aceros Especiales has signed the final acceptance certificate on upgrades to a bar mill at its Basauri plant, reports the equipment supplier on the project.

Nucor Retrofits Overhead Cranes with Emergency Brakes

05 October 2018 - Industrial brake manufacturer Pintsch Bubenzer recently has received several orders from Nucor Corp. for retrofit emergency brakes on electric overhead traveling cranes, the company has said.

Olympic Steel Names New CEO

04 October 2018 - Ohio-based service center Olympic Steel Inc. is promoting chief financial officer Richard T. “Rick” Marabito to the chief executive role.

Swedish JV Picks Tenova Technology for Planned Hydrogen-Based DRI Plant

03 October 2018 - A joint venture that is building a pilot-scale, hydrogen-based steel mill has selected Tenova to supply key components for the facility’s direct-reduction plant.

China Eliminates Wintertime Production Restrictions

02 October 2018 - China is doing away with centrally mandated, wintertime production curtailments that were meant to reduce air pollution during the winter heating season.

Tata Steel Hopes to Boost Production at Former Bhushan Steel Plant

02 October 2018 - Tata Steel is aiming to lift the capacity utilization of a newly acquired integrated sheet mill by at least 14% over the next six months.

Trump: Tariffs on Mexican, Canadian Steel Will Remain

01 October 2018 - Even as Canada and the United States have agreed to a new version of the North American Free Trade Agreement, President Donald Trump on Monday said the Section 232 tariffs on steel and aluminum will remain.

Cleveland-Cliffs, USW Agree to Four-Year Labor Contract

01 October 2018 - Iron ore miner Cleveland-Cliffs Inc. has reached a tentative, four-year labor agreement with union employees at its mines in Michigan and Minnesota.

Primetals Technologies Wins Contract for SBQ Mill Upgrades

27 September 2018 - Gerdau Special Steel North America has chosen Primetals Technologies to modernize the electric arc furnace at the steelmaker’s plant in Monroe, Mich., USA, and install a new twin-ladle furnace there.

Metals Executive to Lead SSAB Special Steel Division

27 September 2018 - SSAB has named a new director for its special steel unit, hiring away the chief executive of tool steelmaker Uddeholm AB.

JSW Steel Sites Proposed Mill in India

27 September 2018 - The Indian state of Odisha has allotted roughly 2,900 acres of land to JSW Steel for a proposed steel plant, reports the The Times of India newspaper.

Tata Expands Capacity With Usha Martin Acquisition

24 September 2018 - Indian wire rope manufacturer Usha Martin Ltd. is divesting its special steel plant and other upstream assets to Tata Steel for the equivalent of between US$589.6 million and US$644.5 million, the company has announced.

China Steel Executive Expects to See Iron Ore Demand Flatten Due to Scrap Displacement

21 September 2018 - China bought more than 1 billion metric tons of iron ore last year, but demand will likely plateau as a governmental push to reduce pollution drives a conversion in production routes, the Reuters news service reports.

Salzgitter Plate Mill Marks the Start of Work on New Processing Line

19 September 2018 - Salzgitter AG subsidiary Ilsenburger Grobblech GmbH has broken ground on a EUR150 million heat treat line, marking the start of a project that Salzgitter says is the single largest investment in the heavy plate mill’s history.

ArcelorMittal Employees Vote to Authorize Strike

19 September 2018 - United Steelworkers members have authorized union leaders to call a strike against ArcelorMittal USA, if they deem one necessary.

Report: India Might Win Limited Section 232 Tariff Exemption

19 September 2018 - The Trump administration reportedly has agreed to exempt some Indian steel and aluminum from the Section 232 tariffs announced in March, according to The (India) Economic Times.

Zekelman Industries Halts Initial Public Offering

19 September 2018 - Pipe and tube maker Zekelman Industries has postponed its planned US$750 million initial public offering, saying that its shares weren’t fetching the price it had hoped for, reports the Windsor (Ontario) Star.

Nucor, Steel Dynamics Expect Q3 Earnings Growth

18 September 2018 - Nucor Corp. and Steel Dynamics Inc. are forecasting higher third-quarter earnings on continued strength in demand, the steelmakers have said.

South Korean Steelmaker Slates Bar Mill Improvements

18 September 2018 - South Korea’s Daehan Steel Co. Ltd. has contracted SMS group to replace a bar mill quenching line at its Sinpyeong works and make other improvements, the equipment supplier has announced.

Chinese Steel Companies Launch JV to Drive Consolidation

18 September 2018 - China’s big three steelmakers and an asset management company are investing the equivalent of US$291.3 million in a joint venture that will buy up steel assets, with an eye to driving consolidation within the country, reports the Reuters news service.