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Latest News

Stainless Producer Sheds Indiana Plate Mill

25 January 2017 - Outokumpu has divested its Indiana quarto plate mill for approximately EUR28 million, the stainless steelmaker has announced.

Tenova Wins Order for New Walking Beam Furnace

25 January 2017 - Tenova Inc. has been awarded a contract to design and build a walking beam furnace for NLMK Group’s Pennsylvania mill, the equipment supplier announced on Wednesday.

The World Made More Steel in 2016; Not So in the U.S.

25 January 2017 - Although the world’s crude steel output rose slightly in 2016, production in the United States dipped 0.3%, according to the World Steel Association.

Essar Algoma Seeks Wage Cut From Steelworkers Union

23 January 2017 - Canada’s Essar Steel Algoma, which continues to operate under creditor protection, might now headed toward a showdown with the United Steelworkers union.

SAIL Says It Can Roll Rail in Record Lengths Now

23 January 2017 - The Steel Authority of India has put a new universal rail mil into service at its Bhilai facility, giving it the ability to produce single strands in lengths of up to 130 meters, reports The (India) Economic Times.

Harsco Extends, Expands Role at Two Overseas Mills

23 January 2017 - Mill services contractor Harsco Corp. has signed agreements worth more than US$100 million to provide services to mills in China and Brazil, the company announced on Monday.

Report: Serbian Mill Ends Seven Years of Losses

20 January 2017 - Less than a year after acquiring Serbia’s Zelezara Smederevo steel works, China’s Hesteel Group said it has returned the facility to profitability, reports Xinhua, China’s official news agency.

Evraz Sees North American Production Fall in 2016

19 January 2017 - Weak demand for rail and tube, along with extended outages, led to a 24 percent decline in crude steel production at Evraz’s two North American mini-mills.

Russian Steelmaker Selects Primetals for Blast Furnace Automation

19 January 2017 - Primetals Technologies has won an order to supply the instrumentation and the automation and electrical equipment for a Russian steel works’ new blast furnace.

Former U.S. Steel Executive Will Oversee Federal Reserve Bank

19 January 2017 - Retired U. S. Steel Corp. chairman and chief executive John P. Surma has been named chairman of the Federal Reserve Bank of Cleveland.

China Exceeds 2016 Capacity Cut Target, But Much More Remains

19 January 2017 - Although China cut up to 80 million metric tons of steel capacity last year, much of it was already idle and did little to reduce output, reports the Reuters news service.

U.S. Commerce Department Affirms Hefty Duties on Chinese Plate

18 January 2017 - The U.S. Commerce Department has made its final determinations on a trade case on Chinese cut-to-length plate, setting anti-dumping and countervailing margins of more than 300 percent.

Fire Puts Japanese Plate Mill Out of Commission For Eight Months

18 January 2017 - A heavy plate mill in Japan is likely to remain off-line for the next eight months following a fire that damaged the facility.

Great Lakes Iron Ore Shipments Increased in 2016

17 January 2017 - The Soo Locks, which are a vital link between Lake Superior and the other Great Lakes, have closed for annual maintenance, marking the end of the 2016 shipping season. And while overall cargo volumes were down, iron ore shipments increased 7.8 percent, reports the MLive news site.

ArcelorMittal Wins Long-Term Supply Deal for Coke Byproduct

17 January 2017 - ArcelorMittal’s U.S. division has struck up long-term agreements to sell coal tar to Koppers Inc., a manufacturer of wood-treatment chemicals and carbon compounds.

Tenova Acquires U.S.-Based Material Handling Systems Business

17 January 2017 - Tenova TAKRAF has acquired the assets of FMC Technologies’ materials handling systems unit for an undisclosed amount, the company has announced.

TMK Forecasts Improving Conditions in 2017

16 January 2017 - Oil country tubular goods maker TMK said it expects the U.S. oil and gas market will continue to recover this year on the back of global rebalancing, spurring increased pipe consumption.

Vietnamese Steel Processor Orders New Paint Line

16 January 2017 - Vietnam’s Ton Dong A Corp. has awarded a contract to Danieli Fata Hunter for a continuous coil coating line at its new plant in the province of Binh Duong province.

Essar Minnesota Sues Parent for US$1 Billion and Hopes to Restart Project

13 January 2017 - The former Essar Steel Minnesota, which hopes to complete its half-finished taconite mine and pellet plant in Minnesota, has filed a lawsuit against parent Essar Global, alleging “a myriad of damaging actions” that helped starve it of cash, according to news reports.

Tata Negotiating Pay-Out to End pension Fund Guarantee Held on Steel Plant

13 January 2017 - Trustees of Tata Steel’s U.K. pension fund are negotiating a potential pay-out from the steelmaker in exchange for releasing a guarantee held on its Dutch steel works, according to reports.

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