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Latest News

Egyptian Rebar Maker Inaugurates New Steel Shop

16 September 2016 - Egypt’s El Marakby Steel has fired up a new meltshop and caster at its rebar plant in Giza, allowing it to make steel in-house.

SES Sets New Executive Team

15 September 2016 - Ohio-based SES LLC has appointed a company veteran to its helm and has promoted three others following the retirement of chief executive officer Don Batty.

Nucor Forecasts Rising Third-Quarter Earnings

15 September 2016 - Nucor Corp. said it expects to report third-quarter net earnings of between US$0.85 and US$0.90 per diluted share partly on account of improved profitability at its sheet mills and lessening pressure from imported products.

Amid Recession, Long Products Maker Gerdau Sending More Flat Steel Overseas

15 September 2016 - With the Brazilian economy in a deep recession, Gerdau SA is looking to sell flat steel into foreign markets, and is finding success.

Tenaris Plans November Restart of Idled Tube Mill

15 September 2016 - Tenaris plans to restart its idled seamless mill in Ontario, Canada, and is recalling between 120 and 150 union workers, the company has announced.

Metals Association Appoints New Managing Director

13 September 2016 - William T. Mahoney, an executive who helped to greatly increase revenues at a public research and development group in South Carolina, has been named managing director of ASM International, the Ohio-based association has announced.

Tyasa Puts New Cold-Rolling Mill on Order

13 September 2016 - Mexico’s Talleres y Aceros S.A. de C.V. has awarded a contract to Primetals Technologies for a new reversing cold rolling mill at its Ixtaczoquitlan, Veracruz, mini-mill.

Johnstown Wire Names New Chief Executive

12 September 2016 - A manufacturing executive with more than 30 years of experience has taken the helm of Johnstown Wire Technologies Inc.

Tata Steel Records First-Quarter Loss

12 September 2016 - Tata Steel lost US$475 million in the first quarter of its fiscal year, weighed down by a steep loss on its discontinued European long products business, which it sold earlier this year, the (London) Financial Times.

U.S. Announces Preliminary Duties on Stainless Sheet, Strip

12 September 2016 - The U.S. Commerce Department has set has set preliminary anti-dumping duties of 63.9 and 76.6 percent on stainless sheet and strip from China.

Linde, Praxair Call Off Merger Discussions

12 September 2016 - Industrial gas suppliers Linde AG and Praxair Inc. have ended merger discussions, the companies confirmed on Monday.

Vietnamese Steelmakers Will Be Held to Environmental Standards, Official Promises

09 September 2016 - A Vietnamese official said the country will strictly enforce environmental rules among its steelmakers to environmental rules and encourage the eventual closure of smaller operations that use outdated and polluting technology, reports the VnExpress newspaper.

SAIL Records Fifth Straight Quarterly Loss, Forecasts Increasing Steel Demand

09 September 2016 - India’s largest steelmaker lost US$81 million in the first quarter of its fiscal year, but is forecasting increasing demand and is advancing plans to boost capacity, reports the Bloomberg news service.

Commerce Department Proposes Big Countervailing Duty on Chinese-Made Plate

08 September 2016 - The U.S. Commerce Department has set preliminary countervailing duties of 210.5 percent on Chinese-made cut to length plate, ruling that producers there have been benefitting from unfair government subsidies.

G20 Nations Pledge to Address Excess Steel Capacity

06 September 2016 - Leaders at the G-20 summit in China have agreed to create a group that will promote discussion and cooperation amongst nations on the world’s excess steelmaking capacity.

Blaming Soft Plate Market, Essar Algoma Cuts Workforce

06 September 2016 - Canada’s Essar Steel Algoma is laying off more than six dozen employees owing to weakness in the plate markets, reports the online SooToday.com.

AK Steel Finishing Up Work on New R&D Center

02 September 2016 - AK Steel Corp. is nearing completion on its US$36 million research center in Ohio and expects to begin moving in employees this fall, reports the Dayton (Ohio) Daily News.

U.S. Trade Commission OKs Duties on Cold-Rolled Imports

02 September 2016 - The U.S. International Trade Commission has affirmed the imposition of anti-dumping duties on cold-rolled steel from four countries, but has declined to apply them to Russian imports.

thyssenkrupp Engages Labor on European Steel Restructuring

01 September 2016 - thyssenkrupp and labor representatives have agreed to establish a task force that is to discuss, among other things, whether the company needs to merge steelmaking operations with others, according to the Reuters.

For Dongkuk Steel, The Technology Race Comes to a Photo Finish

31 August 2016 - South Korea’s Dongkuk Steel said it has developed inkjet printing technology designed specifically for printing on steel sheets, reports BusinessKorea.

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