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Industry
Latest News
Nucor Sheet Mill to Receive US$240M Galvanizing Line
14 May 2018 - Nucor Corp. will build a US$240 million galvanizing line at its Arkansas sheet mill, where it already is installing a specialty cold rolling mill, and is weighing similar investments elsewhere, the company has announced.
SAIL Completes Work on New Blast Furnace
14 May 2018 - Steel Authority of India Ltd. (SAIL) last week blew in a new and larger blast furnace at its Rourkela steel plant.
Report: Tariffs Causing Downstream Steel Companies to Delay Investment Decisions
14 May 2018 - Although American steel mills are cheering the Trump administration’s Section 232 steel and aluminum tariffs, they are creating uncertainly among leaders of downstream businesses, which are postponing investments and suspending hiring and expansion plans, reports The New York Times.
Shares of Chinese Steelmakers Notch Down on Expectations of Rising Output
14 May 2018 - Rising production and falling steel prices have taken some of the financial sparkle off of China’s iron and steel industry, which had been benefiting from healthy demand and mill closures, reports the Bloomberg news service.
Danieli Sees Continuing U.S. Investment
09 May 2018 - For Italian equipment manufacturer Danieli, stable steel consumption in Europe and the U.S. is leading to contracts for upgrades and modernizations. However, conditions haven’t been right for expansive, capital-intensive projects, said Danieli board chairman Gianpietro Benedetti.
Gerdau Rounds Out Michigan Mill Overhaul with US$70.3M Investment
09 May 2018 - Gerdau Specialty Steel North America said on Thursday that it will invest US$70.3 million in its Monroe, Mich., USA, meltshop.
Tata Steel Europe Puts Non-Core Businesses Up for Sale
09 May 2018 - Tata Steel Europe said it will look to divest five niche businesses so that it can focus its efforts on its strip steel operations.
Newport: Steel Tariffs Prompting Discussions About Excess Capacity
08 May 2018 - Any criticisms of the Section 232 tariffs notwithstanding, they certainly have sparked discussions among the world’s countries on excess steel capacity, AK Steel Corp. chief executive Roger Newport said Tuesday.
Section 232 Tariffs Jeopardize European Steel Recovery, EUROFER Says
08 May 2018 - New investment and steel exports helped support healthy steel demand in the EU last year, but the U.S. Section 232 tariffs potentially could offset the gains, according to the European Steel Association (EUROFER).
Chinese Steel Exports Increase in April
08 May 2018 - China’s steel exports rose 14.7% in April to reach their highest level in eight months, according to the Reuters news service.
SSAB Brings Third-Generation Automotive Steel to Market
08 May 2018 - Swedish steelmaker SSAB is rolling out a family of coated, third-generation advanced high-strength steels and has product ready for customer trials, the company announced Tuesday.
Steel Recruiting Efforts Face a New Difficulty: A Strong Economy
07 May 2018 - Recruiting the next generation of steel industry professionals remains a challenge, and the economy certainly isn’t helping the situation at the moment.
EU Regulators Sign Off on ILVA Sale
07 May 2018 - The European Commission has approved ArcelorMittal’s acquisition of Italy’s ILVA, clearing the way for the steelmaker to begin finalizing the deal.
NAFTA Talks Reach Critical Stage
07 May 2018 - The negotiations over revisions to the North American Free Trade Agreement are entering a critical period this week as officials from Canada, Mexico and the U.S. look to resolve differences before elections change the equation, according to the Reuters news service.
Report: Investors Hope to Bring Mill to Southern Florida
06 May 2018 - A group of local investors are trying to establish an electric arc furnace-based mill in southeastern Florida, the Miami Herald reports.
Grupo Simec Reaches Deal to Acquire Brazilian Long Products Mills
06 May 2018 - ArcelorMittal Brazil has struck a deal to sell two mills and wire drawing equipment to Mexican long products producer Grupo Simec, fulfilling an agreement with Brazilian competition regulators.
Ontario Contributes CA$22.7M to Dofasco Hot Mill Upgrades
06 May 2018 - ArcelorMittal Dofasco is planning to spend CA$151 million on upgrades to its Ontario hot mill in an effort to further its valued-added capabilities.
Metallurgical Engineer Joins Stelco Board
03 May 2018 - A leading Canadian metallurgical engineer and the former U.S. Treasury Secretary have joined Stelco Inc.’s board of directors.
Looking to the Future, Tenaris to Consider Texas Expansion
03 May 2018 - Tenaris is ramping up its new seamless tube mill in Texas, but might eventually look to expand to the operation, reports the Houston Chronicle’s FuelFix blog.
AK Steel Executive Elected as AISI Chairman
03 May 2018 - AK Steel Corp. chief executive Roger Newport has been named chairman of the American Iron and Steel Institute, the trade association has announced.
