Steel News

FLANDERS Grows Customer Base Through Acquisition

21 December 2017 - U.S.-based power and control systems manufacturer and engineer FLANDERS Inc. has acquired an electric motor repair shop for an undisclosed amount, the company has announced.

China Scraps Steel Export Tax

15 December 2017 - China is reducing or altogether eliminating its export tax on certain steel products, a move that likely will inflame trade tensions with the U.S. and European Union, according to reports.

Steel of West Virginia's Timothy Duke Announces Retirement (Update)

14 December 2017 - Timothy R. Duke, Steel of West Virginia Inc.'s veteran chief executive, said he’ll retire at year’s end, concluding a 31-year career with the company.

Swiss Steel to Trial Quality Control Software Package

12 December 2017 - SCHMOLZ + BICKENBACH Group’s Swiss Steel Emmenbrücke has placed an order with MET/Con for a quality management system, according to an announcement.

Allegheny Technologies Bags Big Order for Pipeline Repair

08 December 2017 - Stainless and specialty alloy producer Allegheny Technologies Inc. has landed a US$30 million order related to a pipeline repair project, the company has announced.

Sandvik Strikes Deal to Sell Tooling Components Manufacturer

08 December 2017 - U.S.-based private equity firm KKR has reached an agreement to acquire Sandvik Hyperion, a manufacturer of industrial tooling components, for about US$472.3 million.

Commerce Department Slaps Tariffs on Steel Made in China but Finished in Vietnam

07 December 2017 - In a precedent-setting decision, the U.S. Department of Commerce has ruled that China is circumventing steel tariffs by shipping products to Vietnam for finishing before exporting them to the United States.

Chinese Mill Issues Acceptance Certificate on Caster Upgrades

07 December 2017 - China’s Changzhou Zhongtian Iron & Steel has signed off on upgrades to a continuous bloom caster at its mill, according to the equipment supplier on the project.

Global Steel Production Grew in 2016. Here's How Much.

05 December 2017 - Global crude steel production rose 0.5% to nearly 1.63 billion metric tons in 2016, according to the World Steel Association’s latest annual statistical yearbook.

SMS group Lands Supporting Order for Galvanizing Line Project

05 December 2017 - SMS group has received a supplementary order for a production planning system to serve the US$176 million pickling and galvanizing line it is building for Nucor Corp.’s Gallatin sheet mill in Kentucky.

Indian Steelmaker Lights New Blast Furnace

05 December 2017 - India’s Bhushan Power & Steel Ltd. has tapped the first batch of hot metal from the new No. 2 blast furnace at its Rengali facility in Odisha, according to the furnace builder.

Third Time's a Charm: Steelworkers Ratify Labor Agreement with TimkenSteel

05 December 2017 - Members of the United Steelworkers union have overwhelmingly ratified a four-year labor agreement with TimkenSteel Corp., the company has announced.

Steel Countries Reach Initial Agreement on Excess Capacity

01 December 2017 - Roughly three dozen nations have agreed to a set of principles addressing the world’s excess steel capacity, but some industry representatives say more action is needed to solve the problem.

Mittal: Steel May See Better Times Over the Next Several Years

01 December 2017 - The steel industry recovery might be a “multiyear phenomena,” ArcelorMittal chief financial officer Aditya Mittal tells Bloomberg news service.

India Looks to EAFs to Meet National Production Goal

01 December 2017 - India Steel Minister Chaudhary Birender Singh said his country will encourage electric arc furnace production as a way to increase steel output, reports the Press Trust of India.

Commercial Metals to Expand Spooled Rebar Capacity

30 November 2017 - Commercial Metals Company (CMC) plans to add rebar spooling capabilities to its original micro-mill in Mesa, Ariz., USA, the company announced Wednesday.

Italian Steelmaker Adding Continuous Rolling Capabilities to Rebar Mill

30 November 2017 - Primetals Technologies has received an order for its ERT-EBROS billet welding system from Italy’s Ferriera Valsabbia S.p.A., which plans to install the technology at its Odolo mill in the province of Brescia.

Tenova Wins First-in-Market Order for Offgas Analysis System

30 November 2017 - Japan’s Tokyo Steel Co. Ltd. has ordered an offgas analysis system from Tenova, the equipment supplier said on Thursday.

Steel Summit on Overcapacity Opens Thursday

29 November 2017 - Representatives of the Group of 20 countries, along with those from certain others, are to begin a new round of talks Thursday over the world’s excess steelmaking capacity -- and America’s potential response to the problem.

Steelmaker Plans US$2.1 Billion Investment in Bangladesh

29 November 2017 - China’s Kunming Iron and Steel Holding Co. plans to invest more than US$2.1 billion in an iron and steel plant and other facilities in Bangladesh, reports Xinhua, China’s official state news agency.