Steel News

SunCoke Energy Appoints Seasoned Steel Executive to its Helm

10 November 2017 - A veteran steel industry executive will succeed SunCoke Energy Inc. chairman and chief executive Frederick “Fritz” A. Henderson, who announced on Friday that he will retire at the end of the month.

Mexican Furnace Maker Expands Through U.S. Acquisition

10 November 2017 - Industrial furnace manufacturer Nutec Bickley has acquired the key assets of U.S.-based Olson Industries for an undisclosed amount.

Former U.S. Steel Executive Joins Harsco Board

10 November 2017 - Mill services contractor Harsco Corp. has elected Mario Longhi to its board of directors, the company has announced.

Accumulating Scrap in China Could Reduce Demand for Coal, Coke

09 November 2017 - China’s scrap reservoir could more than double over the next eight years and enable a rise in electric arc furnace steelmaking – and drive a reduction in iron ore, coal and coke demand, according to Joseph Poveromo, president of Raw Materials & Ironmaking Global Consulting.

China's Steel Capacity Forecast to Fall Below 1 Billion Tons

08 November 2017 - China’s government-mandated production curtailments are forecast to reduce hot metal production by 41 million net metric tons and coke demand by 18 million net metric tons, according to an estimate from commodities consultancy CRU.

Executive: The Time Has Come for Coke Producers to Face Critical Investment Decisions

08 November 2017 - As the U.S. iron and steel industry rebounds from the downturn of 2015, the time has come for coke producers to make capital investment decisions that had been postponed. And those decisions won’t be easy to make, said John Quanci, vice president of engineering and technology for SunCoke Energy.

Competition Worries Prompt EU to Take Closer Look at ArcelorMittal-ILVA Deal

08 November 2017 - Competition regulators at the European Commission are taking a closer look at ArcelorMittal’s plan to acquire Italy’s ILVA, fearing that the deal may lead to higher prices for hot-rolled, cold-rolled and galvanized flat products, especially in southern Europe.

Large-Diameter Spiral-Weld Line Enters Production

07 November 2017 - Algeria’s EPE Alfapipe has put a new 80-inch, spiral-welded pipe mill into service, according to the equipment supplier on the project.

TimkenSteel Puts New Heat Treat Facility Into Service

03 November 2017 - Ohio-based TimkenSteel has commissioned its new US$40 million heat treat plant and has begun processing orders, the company has announced.

Spanish Mill Puts New Walking Beam Furnace on Order

03 November 2017 - SMS group has received an order for a walking beam furnace from Spain’s Forjas Iraeta Heavy Industry, the equipment supplier said on Friday.

Chinese Province Cuts Steel, Coal Capacity

03 November 2017 - The Hebei province in China has cut 46.2 million metric tons of iron and steel capacity and 10.5 million metric tons of coal capacity, meeting its mandated reduction target, according to Xinhua, China’s state news agency.

U. S. Steel Reports Third Quarter Profit of $147M

02 November 2017 - United States Steel Corp. nearly tripled its third-quarter profits on higher average prices and improved shipments, the company reported.

REXA CEO Announces Retirement

01 November 2017 - REXA, a U.S.-based manufacturer of linear and rotary actuators for the process control sector, has named a company veteran as its next president and chief executive.

Sandvik Hires a New President, Divests Welding Wire Business

30 October 2017 - Sandvik Materials Technology has named a current executive as its new president, the company said on Monday.

Nucor Wins High-Level Supplier Recognition from Customer

30 October 2017 - Heavy equipment manufacturer Caterpillar Inc. has given Nucor Corp.'s special bar quality mill in Tennessee its highest rating under its supplier quality program, the steelmaker said on Monday.

Commercial Metals Expands Product Lineup Through Acquisition

27 October 2017 - Commercial Metals Company (CMC) has acquired MMFX Technologies Corp., which licenses proprietary rebar grades, for an undisclosed amount.

Democrats Prod Trump to Act on Steel Tariffs

27 October 2017 - U.S. Senate minority leader Chuck Schumer, D-N.Y., said he’ll block nominations of two Commerce Department officials if the Trump administration doesn’t move on plans to impose new trade measures against imported steel and aluminum, reports The New York Times.