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Latest News

Russian Steelmakers Invest More than US$200 Million in Environmental Initiatives

13 April 2017 - Russia’s NLMK Group increased spending on environmental projects and controls by 12% in 2016, the steelmaker reported.

Two Look to Acquire Bankrupt Essar Steel Minnesota

11 April 2017 - Iron ore miner and an investor group are making competing bids for the former Essar Steel Minnesota, the half-built taconite mine and processing plant in Minnesota’s Iron Range, reports the Minneapolis Star Tribune newspaper.

Rebuilt Converter Resumes Production at POSCO Mill

11 April 2017 - POSCO has restarted a LD (BOF) converter at its Gwangyang plant following a project to modernize the approximately 30-year-old unit.

Swedish Steelmaker Wins Multimillion Order for Umbilical Pipe

11 April 2017 - Sweden’s Sandvik Materials Technology has bagged a SEK400 million (US$44.2 million) exclusive order for stainless umbilical tubes to be used in the offshore Leviathan natural gas field, the company said on Tuesday.

Thyssenkrupp joint venture would be 'high risk,' labor union says

11 April 2017 - Germany’s largest labor union is voicing disapproval of a potential joint venture between thyssenkrupp AG and Tata Steel, the Bloomberg news service reports.

Quaker Chemical, Houghton International Agree to Merge

10 April 2017 - Metalworking fluids maker Quaker Chemical Corp. is acquiring Houghton International Inc. through a deal valued at more than US$1.4 billion.

Aperam Finalizes Divestment of French Welded Tube Business

05 April 2017 - Stainless and specialty steel producer Aperam has the completed the sale of its French welded stainless tube business, the company has announced.

Indian Steelmaker Signs Off on Meltshop, Rolling Mill

05 April 2017 - India’s BMM Ispat has issued the final acceptance certificates for its new electric arc furnace and merchant bar mill at its Hospet plant in the state of Karnataka.

Severstal Signs Off on Tandem Mill Upgrades

04 April 2017 - Russia’s PAO Severstal has issued the final acceptance certificate on its newly modernized tandem cold mill at its Cherepovets plant, according to the vendor on the project.

EUROPIPE Bags Multiyear Order for Large-Diameter Pipe

04 April 2017 - Germany’s EUROPIPE has won an order for 635,000 tons of large-diameter pipe for a 300-mile natural gas transmission line in Germany.

Former ThyssenKrupp Executive to Lead IMS Systems

03 April 2017 - Non-contact measurement systems maker IMS Systems Inc. has appointed a longtime metals executive and consultant to oversee its North American operations.

Investment Firm Finalizes Acquisition of Steel Processing Businesses

03 April 2017 - Z Capital Group has completed its acquisition of Gerdau SA’s Atmosphere Annealing LLC and NitroSteel LLC, the investment firm announced on Monday.

New Processing Line Boosts Outokumpu's Capacity at South Carolina Mill

03 April 2017 - New Outokumpu has upgraded its stainless bar mill in Richburg, S.C., USA, adding a coil-to-bar line that boosts its capacity by more than 15,000 metric tons annually.

Trump Issues Executive Orders to Address Unfair Trade

31 March 2017 - Declaring that “the theft of American prosperity will end,” U.S. President Donald Trump signed two executive orders on Friday that are intended to clamp down on unfairly traded imports.

Essar Algoma Wins Another Month Of Creditor Protection

31 March 2017 - A Canadian judge has extended Essar Steel Algoma’s protection from creditors for another month at the integrated steelmaker attempts to hammer out a new labor agreement with the United Steelworkers.

ArcelorMittal Puts New Drag Chain Conveyor on Order

31 March 2017 - The AUMUND Group has won an order for a new double-strand, drag chain conveyor from ArcelorMittal Brazil.

U.S. to Re-Examine China's Nonmarket Economy Status

30 March 2017 - The U.S. Department of Commerce will review whether China should continue to be treated as a nonmarket economy in trade cases.

U.S. Commerce Department Affirms Dumping Margins in Plate Case

30 March 2017 - The U.S. Department of Commerce has issued its final determination in case involving cut-to-length place, affirming that producers from eight countries have dumped products and undercut domestic prices.

Forecast: China's Steel Demand Expected to Cool Slightly This Year

30 March 2017 - The head of a Chinese metals think tank said he expects the country’s steel demand to drop 1.9 percent this year, reports the Reuters news service.

U.S. Wire Rod Makers Seek Trade Protection

29 March 2017 - Four U.S. steelmakers are accusing their counterparts in 10 countries of dumping carbon and alloy wire rod, undercutting U.S. prices, reports S&P Global Platts.

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