Steel News

Essar Steel Might Have a New Plant in Its Future

15 March 2018 - ArcelorMittal president Aditya Mittal said the company will consider building a new steel plant in India if it wins the bidding for Essar Steel, reports the Business Line newspaper.

Nucor Contracts with SMS group for Illinois Bar Mill

14 March 2018 - SMS group has been awarded a contract to build Nucor Corp.’s planned merchant bar mill at its existing Kankakee bar plant in Illinois.

AK Steel Workers OK New Labor Pact

13 March 2018 - Unionized employees at AK Steel Corp.’s Middletown Works in Ohio have ratified a new two-year labor agreement, the company announced Tuesday.

U. S. Steel Foresees Better 2018 Earnings

13 March 2018 - United States Steel Corporation has increased its 2018 earnings forecast by 13%, reflecting the restart of an idled blast furnace and the imposition of a 25% tariff on steel imports.

Tenova Company Lands Follow-On Order for Processing Plant Expansion

13 March 2018 - Germany’s Bilstein GmbH & Co. is undertaking a second expansion of its fully automated batch anneal plant, putting an additional eight annealing bases on order, according to the equipment supplier on the project.

New Chief Executive Takes Over at NLMK

13 March 2018 - Shareholders of Russia’s NLMK have elected senior vice president Grigory Fedorishin as the company’s new president and chief executive officer.

New Steel Mill Coming to Florida

12 March 2018 - Nucor Corp. has selected a site in central Florida as the home for a proposed US$240 million micro-mill, the company announced Monday.

Digitalization R&D Project Could Lead to Enhanced Production Scheduling at Big River

12 March 2018 - SMS group and a German university have launched a research and development project that focuses on automating production planning at Big River Steel.

Kobe Steel Executive Tapped for CEO Role

12 March 2018 - Kobe Steel has named a company veteran to its helm following the resignation of chief executive Hiroya Kawasaki, who is stepping down as a result of the quality control scandal that has shaken the Japanese steelmaker.

It's Official: Trump Imposes 25% Tariff on Imported Steel

08 March 2018 - U.S. President Donald Trump signed proclamations on Thursday imposing a 25% tariff on imported steel and a 10% tariff on imported aluminum, but left open the potential for certain countries to be exempted.

Bhushan Steel Creditors Select Offer for Company

08 March 2018 - Tata Steel Ltd.’s bid for a controlling stake in Indian cold-rolled producer Bhushan Steel has been selected as the prevailing offer, Tata said on Wednesday.

Steelmaker Seizes Growth Opportunity in Electric Motor Laminations

08 March 2018 - voestalpine is initiating production at a new plant that will make electric-motor lamination stacks, the Austrian steelmaker said on Wednesday.

Section 232 Decision Prompts U. S. Steel to Restart Illinois Blast Furnace

07 March 2018 - United States Steel Corporation plans to restart the B blast furnace at its Granite City Works in Illinois as a result of President Donald Trump’s proposed blanket tariff on imported steel, the company said on Wednesday.

Quality Control Problems Prompt Kobe Steel CEO, Other Executives to Resign

06 March 2018 - Kobe Steel chairman and chief executive Hiroya Kawasaki said he’ll resign at month’s end because of the quality control scandal that affected more than 600 customers.

German Steelworks Turns on New Cooling System

06 March 2018 - SMS group has successfully retrofitted a German slab caster with a new secondary cooling system, the equipment supplier reported Tuesday.

Tenova Lands Contract for Annealing Facility

06 March 2018 - Tenova LOI Thermprocess and its Chinese subsidiary, Tenova LOI Thermprocess (Tianjin) Co. Ltd., have won an order for a wire rod annealing plant.

Trump on Steel Tariffs: 'We're Not Backing Down'

05 March 2018 - Here’s a look at some of the latest developments in the Trump Administration’s plans to impose a 25% tariff on imported steel and a 10% tariff on imported aluminum.

ArcelorMittal Names New President

05 March 2018 - ArcelorMittal chief financial officer Aditya Mittal has been appointed as the company president, the steelmaker announced Monday.

Report: Kobe Steel Chairman to Step Aside

05 March 2018 - Kobe Steel chairman and chief executive Hiroya Kawasaki reportedly is preparing to resign his post over the quality control problems that have shaken the company and left customers scrambling to verify safety of their products, reports the Nikkei Asian Review.

European Materials Maker Acquires HyComp LLC

02 March 2018 - Rolling mill components manufacturer HyComp LLC has been sold to the performance plastics unit of French multinational Saint-Gobain for an undisclosed amount.