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Latest News

Nucor Finalizes Independence Tube Acquisition

01 November 2016 - Nucor Corp. has closed on its US$435 million acquisition of structural tube manufacturer Independence Tube and has named an executive to lead the business.

U. S. Steel Records Q3 Profit, Reaches Agreeement on Stelco Sale

01 November 2016 - United States Steel Corp. posted a third-quarter profit of US$51 million and has agreed to sell the former Stelco to a private investment firm, the company announced on Tuesday.

TimkenSteel's Vertical Caster Surpassing Expectations

31 October 2016 - TimkenSteel is keeping its vertical jumbo-bloom caster as busy as possible, with about 45% percent of the steel melted at its Faircrest, Ohio, mill being cast on the machine, TimkenSteel chairman and chief executive Tim Timken said on Friday.

Primetals Called to Upgrade Austrian Rolling Mill

31 October 2016 - Primetals Technologies has won an order from Austria’s Böhler Edelstahl GmbH & Co. KG for upgrades to its plant in Kapfenberg.

China OKs Baosteel, Wuhan Merger

31 October 2016 - China has given the go-ahead to the merger of two of its largest steelmakers, naming the top executives who will run the combined business, reports the Bloomberg news service. 

Alton Steel Employees Agree to New Labor Contract

31 October 2016 - Union employees at special bar quality maker Alton Steel Inc. have ratified a new labor deal, according to reports.

Tata Steel Continues to Negotiate Joint Venture Partnership for U.K. Strip Business

28 October 2016 - The ouster of Cyrus Mistry as chairman of Tata Group's holding company has renewed questions over the fate of Tata Steel's European arm. Nevertheless, the company is continuing to pursue a merger of its U.K strip business and a separate sale of its specialty steel business there, the company said on Friday.

SMS to Build Continuous Mill For Omanese Steelmaker

28 October 2016 - SMS group has won a contract to build a continuous rebar mill in Oman, the company has announced.

Quebec Acquires Stake in Direct Shipping Ore Project

28 October 2016 - The Quebec provincial government has signed an agreement to acquire an 18% equity stake in Tata Steel Minerals Canada for CA$125 million, according to one of the partners in the business.

Alacero Forecasts Sees Steel Consumption on the Rise in 2017

27 October 2016 - Latin America’s steel consumption is expected to drop 6.5% this year, but is forecast to partially rebound in 2017 on growth in its major markets, according to the Latin American Steel Association.

Goncalves: Cliffs Determined to Build DRI Plant

27 October 2016 - Saying that his company's future growth will depend on its ability to supply America's electric arc furnaces, Cliffs Natural Resources chief executive Lourenco Goncalves promised to build a direct reduction plant somewhere in the Great Lakes region.

Allegheny Technologies Moves to Permanently Shut Down Two Mills

27 October 2016 - Specialty metals producer Allegheny Technologies Inc. is permanently closing two idled mills in southwestern Pennsylvania, marking its exit from the grain-oriented electrical steel market and a step back from the commodity stainless market.

AK Steel Fires Up Modified Hot-Dipped Galvanizing Line

26 October 2016 - AK Steel Corp. has completed a US$29 million upgrade to the hot-dipped galvanizing line at its Dearborn works in Michigan, executives have announced.

CMC Expands Fabrication Operations Through Hawaiian Acquisition

26 October 2016 - A Commercial Metals Co. subsidiary has signed a deal to acquire a Hawaiian rebar fabricator for an undisclosed amount, the company announced on Wednesday.

More Than 2 Years in the Making, voestalpine's U.S. HBI Plant Opens

26 October 2016 - voestalpine officially opened its US$740 million direct reduction plant in Corpus Christi, Texas, on Wednesday, marking the end of work on a project that is corporate Austria’s largest-ever U.S. investment and one that will help the company reduce its carbon footprint.

Tata's Change in Leadership Throws European Steel Merger Into Question

25 October 2016 - Cyrus Mistry’s ouster as chairman of Tata Sons Ltd. might disrupt the conglomerate’s effort to merge its U.K. strip business with thyssenkrupp’s European steel operations, according to the Bloomberg news service.

German Steelmaker in Talks to Sell Brazilian Plant

25 October 2016 - thyssenkrupp might sell its Brazilian steel plant, Companhia Siderúrgica do Atlântico, to Latin American steelmaker Ternium, according to The Wall Street Journal.

U.S. Adds Two More Steel Products to Anti-Dumping Duty List

25 October 2016 - U.S. trade officials have made final determinations on two types of steel products from countries in the Middle East and Asia.

ArcelorMittal's Relationship With Shipbuilder Steams Onward

25 October 2016 - ArcelorMittal Asturias has reached a milestone in its relationship with shipbuilder STX France, which is about to take delivery of its 100,000th metric ton of steel plate from the steelmaker.

Tata Group Dumps Chairman, Launches Search for Successor

24 October 2016 - In a surprise move, Indian conglomerate Tata Group ousted its chairman on Monday and named a member of Tata's founding family to temporarily succeed him.

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