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Industry
Latest News
Germany Organizes Meeting to Discuss Steel Overcapacity
06 October 2017 - Germany has called a meeting with other top steelmaking countries to discuss global overcapacity, according to the Reuters news service.
Rio Tinto and the Cargo Train that Could ... Drive Itself
04 October 2017 - Iron ore miner Rio Tinto said it has executed Australia’s first-ever fully autonomous, heavy-haul train trip, with a driverless train successfully making a 100 km pilot run between Wombat Junction and Paraburdoo in Western Australia.
U.S. Graphite Electrode Plants Sold to Japanese Manufacturer
04 October 2017 - Graphite electrode manufacturer Tokai Carbon Co. Ltd. has acquired SGL Carbon’s U.S. graphite electrode business for about US$114.4 million, giving the Japanese manufacturer a production presence in North America.
Minnesota Governor Puts Support Behind Firm's Effort to Revive Stalled Iron Ore Project
04 October 2017 - Minnesota Gov. Mark Dayton has given his blessing to a firm looking to rescue the stalled Essar Steel Minnesota iron ore mine and taconite plant, reports the (Minneapolis, Minn.) Star Tribune.
Official: Despite Opposition, Deal Between thyssenkrupp Management, Labor Over Tata Merger Is Attainable
04 October 2017 - The premier of thyssenkrupp’s home state, North Rhine-Westphalia in Germany, said he believes a deal between the company and its union employees could be reached over the proposed combination of its steel unit with Tata Steel, according to the Reuters news service.
TimkenSteel, United Steelworkers Shake Hands on Labor Agreement
03 October 2017 - TimkenSteel Corp. and the United Steelworkers union have reached a tentative, four-year labor agreement that provides wage increases and improvements to worker health and safety.
Stelco Hopes to Enable Auto Steel Sales Through IPO
03 October 2017 - Three months removed from creditor protection, Canadian steelmaker Stelco is considering an initial public offering to help it pay for improvements to its facilities.
Reliance Steel & Aluminum Expands Perforation Business Through Acquisition
03 October 2017 - Reliance Steel & Aluminum Co. has acquired Rhode Island-based Ferguson Perforating Co., a processor that specializes in producing highly engineered and complex perforated metals.
Fives Marks Installation of Annealing, Galvanizing Furnaces
03 October 2017 - French engineering firm and equipment maker Fives has fulfilled an order for two continuous annealing line furnaces and a continuous galvanizing line furnace for a new integrated plant in China.
Cleveland-Cliffs Acquires Full Stake in Iron Ore Mine, Pellet Plant
02 October 2017 - Iron ore producer Cleveland-Cliffs Inc. has bought out its joint venture partner in a Michigan mine, the company said on Monday.
Ternium to Build New Plants in Mexico, Colombia
02 October 2017 - Latin American steelmaker Ternium is investing more than US$1 billion in a new hot rolling mill in Mexico and a new rebar mill in Colombia, each of which are intended to displace imports into the countries.
Nippon Steel President Doesn't Discard Possibility of New Asian Integrated Plant
02 October 2017 - Although Nippon Steel & Sumitomo Metal Corp. president Kosei Shindo has said the company would stay away from building new integrated plants, it isn’t ruling out the possibility.
Report: In Tata-thyssenkrupp Combination, the Hammer Might Fall Hard on Port Talbot Works
02 October 2017 - As Tata Steel moves to combine its European strip operations with Germany’s thyssenkrupp, Tata’s integrated Port Talbot Works is likely to bear the brunt of cost reductions through the merger and in the event of an industry downturn, reports the Reuters news service.
Report: Stelco Hopes to Raise CA$150 Million Through IPO
29 September 2017 - Three months after emerging from creditor protection, the new owner of Canada’s Stelco will look to take the company public.
ArcelorMittal Allocates US$1B for Improvements to Mexican Operations
29 September 2017 - ArcelorMittal said it plans to invest US$1 billion over the next three years to expand and modernize its Mexican operations.
Steelworkers Approve New Labor Deal With EVRAZ North America
29 September 2017 - Members of the United Steelworkers union have ratified a five-year labor agreement with EVRAZ North America’s Pueblo, Colo., USA, plant.
Salzgitter to Expand Galvanizing Capacity
29 September 2017 - Salzgitter AG supervisory board members have given the go-ahead to the installation of a third galvanizing line at Salzgitter Flachstahl, the company announced on Friday.
U. S. Steel to Expand Ohio Galvanizing Plant
26 September 2017 - United States Steel Corp. and joint venture partner Kobe Steel Ltd. are investing US$400 million in a new continuous galvanizing line to meet rising demand for advanced high-strength steels.
USW Again Calls On Trump to Impose Steel Tariffs
25 September 2017 - Citing ArcelorMittal’s decision to halt plate rolling at its Conshohocken, Pa., USA, plant, the United Steelworkers union is issuing a new call to the Trump administration to complete its national security review of steel imports.
China Looks to Cut Pollution – By Reducing Steel Output
25 September 2017 - To curb pollution, China is preparing to initiate a first wave of steel production cuts that will reduce output at its largest steelmaking city by half, reports the (London) Financial Times.
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