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Latest News

Forecast: Basic Oxygen Furnaces May Lose More Ground to Their Electric Counterparts

11 July 2016 - The American steel industry’s energy consumption likely will decline over the next 25 years, and steelmaking will tip even more toward electric arc furnaces, according to a long-range forecast from the U.S. Energy Information Administration.

Tenaris Announces Job Cuts at Arkansas Mill

11 July 2016 - Oil country tubular goods maker Tenaris is laying off approximately 100 people at its welded pipe mill in Arkansas, the company has announced.

Essar Steel Minnesota Loses Mineral Leases, Files for Bankruptcy

08 July 2016 - Essar Steel Minnesota, which had been building Minnesota’s first new taconite facility in years, filed for Chapter 11 bankruptcy on Friday, according to reports.

Tata, thyssenkrupp Discussing Joint Venture for European Strip Businesses

08 July 2016 - Tata Steel has suspended the sale of its U.K. business and is now thinking about putting its strip operation into a joint a venture with other steelmakers, including Germany’s thyssenkrupp AG, Tata announced on Friday.

China Threatens to Punish Provinces That Don't Follow Through on Capacity Cuts

08 July 2016 - China is telling its provincial governments that they’ll be “seriously punished” if they don’t close redundant steel mills and coal mines, according to the Bloomberg news service.

Acquisition Adds Couplings, U-Joints to Timken Co.'s Product Lineup

08 July 2016 - The Timken Co. has acquired family-owned Lovejoy Inc., a maker of industrial couplings and universal joints, for US$66 million, Timken has announced.

Royal Tractor Sold to Wisconsin Manufacturer

08 July 2016 - Royal Tractor Co. Inc., a Kansas-based manufacturer of materials handling equipment, has been sold for an undisclosed amount.

BlueScope Takes Union to Court Over Walk-Out

08 July 2016 - Australia’s BlueScope Steel Ltd. is suing a labor union for conducting a one-day walk-out in May, reports Australian public broadcaster ABC.

A Few Key Investments Allowed TimkenSteel's Return to High-Pressure Tubing Market, Company Says

07 July 2016 - TimkenSteel, which is re-entering the market for a type of high-pressure tubing necessary to make a plastic, says the move was made possible by a few key investments over the last 10 years.

Japanese Steelmaker Says It Has Created a New Steel That's 25% Stronger

07 July 2016 - Japan’s Nippon Steel & Sumitomo Metal Corp. says it has developed an automotive sheet steel with a tensile strength of 1,470 megapascals, stronger than any similar product on the market at present, reports the Nikkei Asian Review magazine.

In India, A New Steel Mill Comes to Life

06 July 2016 - Steelmaking facilities at Tata Steel’s new integrated mill in India have been successfully commissioned, according to machine and mill builder SMS group.

'Brexit' Puts the Brakes on Sale of Port Talbot Works

05 July 2016 - The uncertainty arising from the U.K.’s Brexit vote is prompting Tata Steel to pause the sale of its Port Talbot works, reports The (London) Sunday Times.

Lenders to Begin Looking at Restructuring Essar Steel Ltd. Debt

05 July 2016 - India’s indebted Essar Steel Ltd. has failed to find a taker for a majority stake in the business, and now its lenders are moving to begin debt restructuring talks, reports Indian business publication Mint.

SMS Company Tapped to Upgrade HDGL Line at Alabama Plant

01 July 2016 - SMS group’s Drever International has won a contract for upgrades to a steel finishing plant in Alabama, the company has announced.

Electric Metal Makers Guild Names New President, Officers

01 July 2016 - Tom Kantor, the general manager of primary operations at Carpenter Technology Corp.’s Latrobe, Pa., facility, has been named president of the Electric Metal Makers Guild.

Steelworkers Union Calls for More Action on Unfair Steel Trading

01 July 2016 - The United Steelworkers union said that while it welcomes a commitment to coordinating trade enforcement efforts throughout North America as a means to curbing the world’s excess steel capacity, more aggressive action is needed.

World's Biggest Steelmaker Looks to Become Even Bigger

30 June 2016 - ArcelorMittal and Italy’s Marcegaglia SpA have put down an offer on the country’s troubled Ilva steelworks in the city of Taranto, ArcelorMittal has announced.

Steel Dynamics Expands SBQ Finishing Capabilities Through US$126M Deal

30 June 2016 - U.S.-based Steel Dynamics Inc. is acquiring America’s largest maker of threaded rod for US$126 million, the company announced on Thursday.

Report: USSC Rejects Essar Global Offer, Two Remain in the Running

28 June 2016 - Essar Global, which last month was disqualified to bid on Canada’s Essar Steel Algoma, reportedly has been dropped as a U.S. Steel Canada suitor as well, according to The Hamilton Spectator newspaper.

Workers Return to Idled U.S. Steel Corp. Mill

28 June 2016 - Steadily improving market condtions have allowed United States Steel Corp. to recall most of the laid-off employees at its East Chicago tin mill in northwest Indiana, reports The Times newspaper.

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