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Latest News

Hyundai Steel Signs Off on Bar Mill Upgrade

10 August 2016 - South Korea’s Hyundai Steel has issued the final acceptance certificate for a new 3-roll sizing mill at its bar mill in Pohang, according to the contractor on the project.

Regulators OK Sale of Terex Material Handling Division

09 August 2016 - European and U.S. regulators have approved the proposed sale of Terex Corp.’s material handling and port solutions business to Finland’s Konecranes, the companies have announced.

A New Offer Emerges for U. S. Steel Canada

09 August 2016 - An entity that includes shareholders of India’s Essar Global said it has made a formal, binding offer for U. S. Steel Canada, which is operating under creditor protection while it attempts to find a buyer.

Commerce Department Sets Duties on Hot Rolled Coil Imports

08 August 2016 - The U.S. Commerce Department will impose anti-dumping duties of between 3.7 and 34.3 percent on hot rolled coil from seven countries, the department has announced.

Keystone Acquires South Carolina PC Strand Manufacturer

08 August 2016 - Keystone Consolidated Industries Inc. has acquired pre-stressed concrete (PC) strand maker Strand-Tech Martin Inc. for an undisclosed amount.

India Extends Import Protections on Certain Steels for Another 60 Days

08 August 2016 - The Indian government has extended its import price floor for certain steel products by an additional two months, reports The (India) Economic Times.

Chinese Steelmaker Acquires Castrip License

08 August 2016 - North Carolina-based Castrip LLC has licensed its casting technology to a Chinese steelmaker, marking the first time Castrip technology will be employed in an overseas facility.

Primetals Bags Contract for New BOF in Germany

04 August 2016 - ArcelorMittal’s Ruhrort plant in Germany has ordered a new basic oxygen furnace (LD converter) from Primetals Technologies. According to Primetals, the 150-metric-ton converter will replace an existing converter, designated as K2.

EU Sets Duties on Cold Rolled Imports

04 August 2016 - The European Union is imposing anti-dumping duties on cold rolled steel from China and Russia, reports The Wall Street Journal.

Report: China Weighing Plan to Combine Steelmakers

02 August 2016 - Chinese officials are thinking about consolidating some of the country’s largest steelmakers into two behemoth companies, according to the Bloomberg news service.

New Monitoring System Could Generate Better Steel Import Policies, Officials Say

02 August 2016 - U.S. officials stopped at ArcelorMittal Cleveland’s integrated mill on Monday to publicize an expanded steel trade monitoring system, a new tool meant to aid in the fight against unfairly traded imports.

Steel Dynamics Completes US$114M Vulcan Acquisition

02 August 2016 - Steel Dynamics Inc. has finalized its acquisition of threaded rod manufacturer Vulcan Threaded Products Inc., the company has announced.

Reliance Steel Moves in Alaskan Distribution Market

02 August 2016 - Reliance Steel & Aluminum Co. has acquired Alaska’s largest steel distributor for an undisclosed amount, the company has announced.

Indian Steelmakers Urge Government to Extend Import Price Floor

28 July 2016 - Indian steelmakers are pressing the government to retain the import price floor it imposed on 173 steel products earlier this year, arguing that it has helped hold back a flood of low-cost steel and improved margins.

Baosteel Starts Up Continuous Galvanizing Line

28 July 2016 - A new continuous galvanizing line at China’s Baosteel Zhanjiang Iron & Steel Co. Ltd. has processed its first coil.

U. S. Steel Records Another Loss, But Sees Better Results Ahead

27 July 2016 - United States Steel Corp. lost US$46 million in the second quarter due in part to losses in its tubular division, but the steelmaker said it expects conditions to continue to improve for its other businesses during the second half of the year.

ArcelorMittal Names New North American Chief Executive

27 July 2016 - ArcelorMittal veteran Robrecht Himpe has been named chief executive of ArcelorMittal North America, the steelmaker has announced.

Mitt Romney's Former Investment Firm Wants to Buy a Steel Mill

27 July 2016 - Bain Capital, the investment firm that was founded by former Republican presidential nominee Mitt Romney, is part of a consortium of lenders looking to acquire Canada’s Essar Steel Algoma, reports the online SooToday.com

Houghton Acquires Metalworking Fluids Maker

27 July 2016 - U.S.-based metalworking fluids maker Wallover Enterprises Inc. has been sold to a Gulf Oil International subsidiary for an undisclosed amount.

Commerce Department Clears the Way for Anti-Dumping Duties on Cold Rolled Steel

22 July 2016 - The U.S. Commerce Department has set final anti-dumping margins of between 1 percent and 35.4 percent on cold rolled steel from five countries – Brazil, Korea, Russia, India and the United Kingdom.

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