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Latest News

ArcelorMittal Exploring Divestment of French Steel Businesses

20 June 2016 - ArcelorMittal is looking at selling a stake in a French subsidiary while it explores a sale of a wire unit, which also has operations in the country, according to the Reuters news service.

Essar Steel Algoma Accepts Sale Bid From Investment Firm, Lenders

17 June 2016 - A consortium made up of an American private equity firm and a group of lenders has reached an agreement to acquire Essar Steel Algoma, the Canadian steelmaker announced on Friday.

New Texas Tube Mill Commissions Processing Facilities

17 June 2016 - OCTG maker Axis Pipe and Tube has started up a heat treatment facility and pipe threading line at its new mill in Texas.

Commercial Metals Sells Off the Last of Its Australian Distribution Business

17 June 2016 - Commercial Metals Co. has found a buyer for the last of its Australian steel distribution assets, the U.S.-based company has announced.

China Acquisition of Unprofitable Serbian Mill Undermines Efforts to Reduce Global Overcapacity, Says EUROFER

17 June 2016 - As Chinese President Xi Jinping visits Serbia this week, the European Steel Association is raising objections over the sale of Serbia’s largest steel mill to a state-owned producer in China.

Columbus Castings to be Put on Auction Block in July

16 June 2016 - Constellation Enterprises LLC, the bankrupt parent of Ohio-based Columbus Castings, is planning to sell the business through an auction after a proposed private sale was called off, reports the Columbus (Ohio) Business First newspaper.

Researchers Win £25K Prize for Efforts to Develop New Corrosion Inhibitor

16 June 2016 - A research team at a Welsh university has been recognized for their work on a new corrosion inhibitor that is said to outperform hexavalent chromate.

India Investment Program Expected to Generate Significant Steel Demand

16 June 2016 - Indian miners and steelmakers are likely to see significant new demand arising from Prime Minister Narendra Modi’s US$87 billion Make in India initiative, reports The (India) Economic Times.

Investors, Steelmakers Express Early Interest in Australia-Based Arrium

16 June 2016 - POSCO and several investment firms from the U.S. and the U.K. reportedly are kicking the tires on Australia’s Arrium Group, which was placed into voluntary administration earlier this year.

Allegheny Technologies JV Orders New Cold Mill to Make Super Thin and Very Wide Strip

15 June 2016 - Shanghai STAL Precision Stainless Steel Co. Ltd. has awarded a contract to the Fives industrial engineering group for a cold rolling mill capable of rolling ultra-thin stainless strip at full commercial widths, the company has announced.

Two Potential Buyers Said to Have Bids on U. S. Steel Canada

15 June 2016 - A private equity firm and an industrial conglomerate have entered the final stage of bidding for U. S. Steel Canada, which is operating under creditor protection as it seeks a buyer, reports The Hamilton Spectator newspaper.

Nucor Forecasts Higher Profits in Second Quarter

15 June 2016 - Nucor Corp. expects its second-quarter earnings to increase 66 percent, if not more, on rising shipments and prices, the steelmaker said on Wednesday.

Essar Steel Algoma Reconsiders Sale, Might Restructure From Within Instead

14 June 2016 - Canada’s Essar Steel Algoma Inc., which is operating under creditor protection as it looks for a buyer, said it is now exploring whether to reorganize on its own, reports The (Toronto) Globe and Mail newspaper.

Ohio Sheet Processor Expands Pickling Line's Capabilities

14 June 2016 - U.S.-based steel processor Heidtman Steel has upgraded a pickling line by adding dry lube capabilities, the company has announced.

Algerian Joint Venture Orders Midrex DRI Plant for New Long Products Mill

14 June 2016 - Midrex Technologies Inc. and partner firm Paul Wurth have been awarded a contract to design and equip a direct reduction iron plant in Algeria, the companies have announced.

Danieli Secures Order for High-Speed Bar Mill

14 June 2016 - Vietnam’s Fuco Steel Corp. Ltd. has ordered a high-speed bar rolling mill from Danieli, the mill supplier has announced.

China Steel Industry Sentiment Falls Steeply in June

13 June 2016 - Players in the Chinese steel market are increasingly pessimistic on the domestic industry’s outlook, as the S&P Global Platts China Steel Sentiment Index collapsed to a 16-month low in June.

Steel Market Conditions Prompt Mitsubishi Heavy Industries to Reduce Costs at Primetals Venture

13 June 2016 - In the face of a weak steel market, Mitsubishi Heavy Industries Ltd. is looking to cut costs at its Primetals Technologies venture, reports the Bloomberg news service.

Steel Dynamics Expects Profitable Second Quarter on Improvements in Flat Rolled Market

13 June 2016 - U.S.-based Steel Dynamics Inc. expects to nearly double its second-quarter profits over the first quarter due to better metal spreads and increased shipments, the company said on Monday.

ArcelorMittal Plans to Overhaul Continuous Casters at Spanish Mill

10 June 2016 - SMS group has won a contract to overhaul two continuous slab casters at an ArcelorMittal sheet mill in Spain, the company has announced.

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