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Latest News

Chinese Steelmaker Puts Fives Bar Straightener on Order

17 July 2017 - Russian equipment manufacturer Fives has won an order for a Bronx straightening machine from Baosteel Special Metals Shaoguan in China.

Trump: Maybe I'll Set Both Steel Tariffs and Quotas

13 July 2017 - U.S. President Donald Trump said he might impose both tariffs and quotas on steel imports to keep volumes of foreign steel in check.

Economists To Trump: Don't Impose Section 232 Steel Tariffs

12 July 2017 - A group of economists who all served as U.S. presidential advisers are warning that new restrictions on imported steel could harm relationships with allies and damage the economy.

Report: No Deal Yet on Closed Wire Rod Mill Acquisition

11 July 2017 - The sale of an American wire rod mill remains on hold while the buyer continues to seek financial incentives from the state of South Carolina, reports The (Charleston, S.C.) Post and Courier.

Kobe Steel Completes Expansion of Wire Rod Processing Plant

11 July 2017 - Kobe Special Steel Wire Products (Pinghu) Co. Ltd. has started up new pickling unit at its cold-heading quality wire plant in the Chinese province of Zhejiang.

Liberty House Acquires Two Tata Pipe Mills

11 July 2017 - Metals entrepreneur Sanjeev Gupta’s Liberty House Group has reached a deal to acquire two large-diameter pipe mills from Tata Steel U.K.

EUROFER Upbeat on Steel's Prospects for Remainder of Year

11 July 2017 - The European Union’s first-quarter apparent steel consumption rose 3.1% year-over-year and is expected to grow through the remainder of 2017, but U.S. steel trade policies could have “disastrous” consequences, according to EUROFER, the European Steel Association.

Steel Distributor Expands Processing Capabilities

11 July 2017 - Stainless and specialty alloy distributor United Performance Metals has installed a new edging line at its Hamilton, Ohio, USA, headquarters and has added edging and slitting capabilities to its La Mirada, Calif., facility, the company has announced.

Nucor Takes Home Volkswagen Honors

11 July 2017 - Volkswagen has recognized Nucor Corp. as a top supplier, presenting the steelmaker with the Volkswagen Group Award 2017.

European Union Prepared to Launch Retaliatory Trade Measures at U.S.

07 July 2017 - European Commission President Jean-Claude Juncker reiterated promises that the E.U. would retaliate against the U.S. if it moves to impose new unilateral steel import restrictions.

EUROFER Urges U.S. to Rethink Steel Import Strategy

06 July 2017 - With the Group of 20 summit set to begin Friday in Germany, the European Steel Association is calling on member nations to renew commitments to free and fair trade – and on the U.S. to think carefully about imposing restrictions on European steel imports.

Midrex: DRI Production Remained Stable in 2016

06 July 2017 - Global production of direct reduced iron was flat in 2016, despite the industry downturn that occurred in late 2015 and early 2016, according to data maintained by Midrex Technologies Inc.

Italian Steelmaker Upgrades Bar-in-Coil Line

06 July 2017 - Italy's Acciaierie Bertoli Safau is upgrading its Danieli bar-in-coil line to increase size capabilities and realize the line’s full production capacity.

Matrix Technologies Names New President

06 July 2017 - Matrix Technologies Inc., a U.S.-based process and facilities design and automation engineering firm, has promoted a company veteran as president.

GFG Alliance Prevails in Effort to Buy Australian Steelmaker

05 July 2017 - After revising an earlier offer, metals entrepreneur Sanjeev Gupta and his family’s alliance of businesses have landed a binding agreement to acquire Australian iron ore miner and steelmaker Arrium.

Steel Dynamics to Add Rebar Capabilities to Indiana Mill

05 July 2017 - U.S.-based Steel Dynamics Inc. plans to add a US$75 million rebar line to its structural and rail mill in Columbia City, Ind., the steelmaker announced on Wednesday.

Tata, thyssenkrupp Leaders to Meet on Potential Steel Merger

05 July 2017 - thyssenkrupp chief executive Heinrich Hiesinger plans to meet with Tata Sons chairman Natarajan Chandrasekaran this month to see if the two companies can put together a deal on merging their European steel operations, according to the German business newspaper Handelsblatt.

Timken Subsidiary Acquires Indian Roller Bearings Maker

05 July 2017 - The Indian subsidiary of The Timken Co. has reached an agreement to acquire ABC Bearings Ltd., an Indian manufacturer of tapered, cylindrical and spherical roller bearings and slewing rings.

Stelco Completes Sale and Exits Creditor Protection

03 July 2017 - U.S. investment firm Bedrock Industries has closed on its acquisition of Canada’s Stelco, officially bringing to an end a decade of United States Steel Corporation ownership and nearly three years of uncertainty under creditor protection.

AK Steel Acquiring Stamped Components Manufacturer

03 July 2017 - AK Steel is setting its sights downstream, announcing Monday that it is acquiring a Canadian tooling and stamped components manufacturer for US$360 million in cash.

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