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Latest News

China Exported Less Steel in 2016 -- About 4 Million Fewer Metric Tons

13 January 2017 - China’s steel exports fell 3.5 percent in 2016 as the country executed on plans to curtail capacity and as improved domestic demand diverted supply, reports the Reuters news service.

Dura-Bond to Restart Idled Tube Mill in Pennsylvania

12 January 2017 - Line pipe manufacturer Dura-Bond Industries plans to restart a mothballed United States Steel Corp. tube mill and eventually hire more than 200 people.

AHMSA Sets Production Record in 2016

12 January 2017 - Integrated steelmaker Altos Hornos de Mexico said produced a record 4.65 million metric tons in 2016, according to market reporting service S&P Global Platts.

Danieli Acquires Italian Robotics Company

12 January 2017 - Danieli has acquired Italy’s Telerobot Labs, which designs and builds robotic systems for a number of fields, the equipment manufacturer has announced.

Commercial Metals Adds Scrap Capacity in Southeastern U.S.

12 January 2017 - A subsidiary of long products manufacturer Commercial Metals Co. has an agreement to acquire seven scrap facilities from OmniSource Corp., the company has announced.

Commercial Metals Adding New Product to Lineup

09 January 2017 - Long products manufacturer Commercial Metals Co. on Monday posted a first-quarter profit of US$6.3 million and revealed plans to produce hot-rolled, spooled rebar at its new mill in Oklahoma.

Altra Industrial Finalizes Purchase of Clutches and Brakes Maker

06 January 2017 - U.S.-based Altra Industrial Motion Corp. has closed on its deal to acquire the Stromag unit of Britain’s GKN plc.

ArcelorMittal Dofasco Orders New Power Plant Boiler

06 January 2017 - ArcelorMittal Dofasco has awarded to a contract to The Babcock & Wilcox Co. for a replacement boiler at its Hamilton, Ontario, mill.

Partnership Reaches New Milestone in Work on Third-Generation AHSS

06 January 2017 - A research team developing third-generation, advanced high-strength steels said it has taken a significant step forward, producing sample casts of two alloys whose properties almost meet government targets for strength and formability.

AISI Brings Aboard Tax and Trade Policy Specialist

05 January 2017 - The American Iron and Steel Institute has hired an automotive industry representative as its new tax and trade policy director.

Konecranes Finalizes Terex Deal, Targets EUR140 Million in Synergies

04 January 2017 - Konecranes has closed on its deal to acquire the material handling and port solutions business of U.S.-based Terex Corp., the company has announced.

Trump Nominates U.S. Trade Representative

03 January 2017 - Retired Nucor Corp. chief executive Dan DiMicco, who has been advising Donald Trump and assisting the President-elect’s transition, was passed over for the job as U.S. trade representative, but said the nominee, former Reagan administration official Robert Lighthizer, is a fine pick.

NLMK to Install New Walking Beam Furnace at U.S. Mill

29 December 2016 - NLMK Group will invest an estimated US$80 million in a new reheat furnace for its U.S. sheet mill in Pennsylvania, the company has announced.

Stainless Producer Contracts Fives for New Processing Line

28 December 2016 - The Fives industrial engineering firm has won a contract to install a new stainless processing line at China’s Chengde Stainless Steel Co.

U.S. Crude Steel Production Expected to Rise in 2017

28 December 2016 - U.S. crude steel production is expected to rise by around 4.4% in 2017, reports the (London) Financial Times newspaper.

Tata Steel Acquires Iron Ore Processor

27 December 2016 - Tata Steel has an agreement to acquire an iron ore pellet maker that will its new Kalinganagar works in the Indian state of Odisha.

New BOF on Order for Chilean Steel Mill

27 December 2016 - Chile’s Compania Siderurgica Huachipato S.A. has ordered a new basic oxygen furnace (LD converter) for its Talcahuano facility from Primetals Technologies.

With Approvals in Hand, Konecranes Plans to Finalize Terex Deal in Early 2017

22 December 2016 - The European Commission has given the green light to a deal in which Finnish crane manufacturer Konecranes plc will sell its hoist and crane components business to an American company. The approval clears the way for Konecranes to finalize the sale of its port solutions and material handling business to U.S.-based Terex Corp.

Texas Rebar Mill Sold to Japanese Steelmaker

22 December 2016 - Japan’s Kyoei Steel Ltd. has acquired a Texas rebar mill for approximately US$52 million, the company said on Thursday.

AK Steel Awarded Grant to Support Electrical Steel

21 December 2016 - AK Steel Corp. has been awarded a US$1.8 million federal grant to help it develop new grades of electrical steels, according to The Cincinnati (Ohio) Enquirer newspaper.

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