Steel News

ArcelorMittal Begins Work on Waste Gas Conversion Plant

11 June 2018 - ArcelorMittal and a Chicago-based company that has developed technology to transform industrial waste gases into ethanol have broken ground on a plant at the steelmaker’s facility in Ghent, Belgium.

voestalpine Brings New Slab Caster Into Service

11 June 2018 - voestalpine has been quickly ramping up a new slab caster at its No. 3 steel shop in Linz, Austria, having successfully cast nearly all of the steels it is designed to produce within its first three months of operation, according to the caster's manufacturer.

China, Zimbabwe to Partner on US$1B Steel Mill

11 June 2018 - Chinese and Zimbabwean leaders have signed a memorandum of understanding for a 2-million-metric-ton-per-year steel plant, reports Xinhua, China’s state news agency.

Senators Look to Block Trump on Section 232 Tariffs

07 June 2018 - A bipartisan group of senators have introduced a bill requiring Congressional approval on tariffs imposed in the name of national security.

Report: JSW Steel's Appetite for Deals Remains Unabated

07 June 2018 - After signing deals to acquire Italian long products mill and an Indian producer of steel sponge iron and ferroalloys, JSW Steel remains in the hunt for distressed assets, both in India and overseas, reports Indian financial portal moneycontrol.com.

CMC Winds Up First Spool of Rebar

07 June 2018 - Commercial Metals Company’s new micro-mill in Oklahoma has begun producing spooled rebar, according to the plant’s technology supplier, Danieli.

voestalpine Announces 2019 Leadership Change

06 June 2018 - voestalpine chief executive Wolfgang Eder plans to step aside next summer and is to be succeeded by a veteran of the company’s steel and metal forming divisions, the Austrian steelmaker has announced.

Exempt Canada From Section 232 Tariffs, Treasury Secretary Tells Trump

06 June 2018 - U.S. Treasury Secretary Steve Mnuchin is urging President Donald Trump to rethink his decision to apply the Section 232 steel and aluminum tariffs to Canada, reports ABC News.

Mexico Slaps Retaliatory Tariffs on U.S. Whiskey, Agricultural Products

06 June 2018 - Mexico said it will impose tariffs on American steel, Tennessee whiskey and pork, among other products, as payback for a 25% tariff on Mexican steel, according to the Bloomberg news service.

Ryerson Expands Through US$140M Acquisition

06 June 2018 - Steel processor and distributor Ryerson Holding Corp. has reached to a deal to acquire a metal service center with locations in the eastern and central United States.

Tenova Bags Orders for Two EAFs

06 June 2018 - China’s Shandong Laigang Yongfeng Steel Corp. has awarded a contract to Tenova for the retrofit of two new electric arc furnaces at its plant in Dezhou City, Shandong Province.

EU to Move Ahead with Tariff Complaint at WTO

01 June 2018 - The European Union said it is filing a complaint with the World Trade Organization over the U.S. decision to impose the Section 232 tariffs on steel and aluminum.

Anger Over Steel Tariff Decision Overshadows G-7 Meeting

01 June 2018 - The Trump administration’s decision to impose the Section 232 steel and aluminum tariffs on Mexico, Canada and the European Union has supplanted the agenda at a G-7 meeting of central bankers and finance officials in Canada, reports the Bloomberg news service.

USW: Section 232 Tariff on Imported Canadian Steel is 'Unacceptable'

01 June 2018 - The United Steelworkers union slammed the Trump administration for imposing the 25% tariff on imported Canadian steel, saying that it is unacceptable to subject America’s closest ally to a measure pegged to national security.

House Speaker Breaks With Trump Administration on Section 232 Tariff

01 June 2018 - House Speaker Paul Ryan has come out against the Trump administration’s decision to subject the country’s closest allies to the Section 232 steel and aluminum tariffs.

EU, Canada and Mexico Will Face 25% Steel Tariff

31 May 2018 - The Trump administration is going ahead with its 25% tariff on steel imports from Mexico, Canada and the European Union and will begin assessing it on Friday.

Italian Company Bags Orders for Three New Furnaces

31 May 2018 - Two North American steelmakers have awarded contracts to Italian furnace builder Forni Industriali Bendotti for new reheat furnaces.

AK Steel Rolls Out New Electrical Steel

31 May 2018 - AK Steel Corp. is bringing to market a new family of high-permeability grain oriented electrical steels (GOES) designed for high- and ultrahigh-voltage transformers.

ArcelorMittal North America Executive Announces July Retirement

29 May 2018 - ArcelorMittal North America chief executive Robrecht Himpe will retire this summer, concluding a 37-year career with the company and a predecessor.

Synalloy Expands on Marcegaglia U.S. Pipemaking Acquisition

29 May 2018 - Stainless and alloy pipe maker Bristol Metals LLC is rounding out its acquisition of Marcegaglia’s U.S. manufacturing operation, acquiring its galvanized tube operations near Pittsburgh, Pa., USA for US$10 million. The company also is acquiring the physical plant through a separate sale-leaseback arrangement for an additional US$10 million.