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Latest News

Steel Associations Urge China to Continue Discussing Global Excess Capacity

09 May 2016 - Ten steel associations in North and South America and Europe said they are disappointed that China declined to commit to further action on its excess steelmaking capacity, but are urging the country to be involved in future conversations on the topic.

Steel Companies Look to Buy Italian Steel Works

09 May 2016 - Italian steel processor Marcegaglia Group and ArcelorMittal have made an offer for the Ilva mill, Italy’s largest steel works, reports the Reuters new agency.

Two Teams Vying for Tata Steel's U.K. Business

09 May 2016 - The deadline to submit preliminary offers for Tata Steel's U.K. division has passed, and details of the two investment teams looking to buy the operation have emerged.

ArcelorMittal Sees Another Quarter in the Red

06 May 2016 - The world's largest steelmaker posted another unprofitable quarter on Friday, recording a net loss of US$416 million due to low steel prices.

India Considers Plan to Steer Capital to Steelmakers

06 May 2016 - The Indian government is thinking about establishing steel-specific investment fund that would help support capital projects, reports The (India) Economic Times.

American Iron and Steel Institute Names New Chairman

05 May 2016 - Nucor Corp. chairman and chief executive John Ferriola has been named chairman of the American Iron and Steel Institute.

Newly Acquired Long Products Business Names Three to Executive Team

04 May 2016 - Black Diamond Capital Management, the private equity firm that acquired much of ArcelorMittal’s U.S. long carbon business earlier this year, is assembling its new executive team and has appointed industry veteran Robert Simon to its helm.

Canadian Pipe Mill Undertakes Short-Term Layoffs

03 May 2016 - Evraz North America is laying off 90 employees at its 24-inch pipe mill in Regina, Canada, and may send home 49 others at its mill in Calgary, reports the Regina Leader-Post newspaper.

ArcelorMittal Plans Upgrades to Rail Mill

02 May 2016 - ArcelorMittal is modernizing its rail rolling mill in Spain in a bid to improve its flexibility and efficiency, the vendor on the project has announced.

Vallourec Completes Sale of Heat Exchanger Tube Business

02 May 2016 - French tubemaker Vallourec has closed on its divestment of its heat exchanger tube business, the company has announced.

Halliburton, Baker Hughes Call Off the Wedding

02 May 2016 - Oilfield services companies Halliburton and Baker Hughes Inc. have called off their multibillion merger amid the energy slump and opposition from regulators.

SSAB Trims Payroll In Sweden, Pares Office Jobs

02 May 2016 - Swedish steelmaker SSAB has concluded negotiations with employees over proposed layoffs and will cut 262 office jobs from its Nordic operations, the company has announced.

Commercial Metals Marks Start of Oklahoma Mill Construction

29 April 2016 - U.S.-based Commercial Metals Co. broke ground on its new micro-mill in Oklahoma on Friday, kicking off a project that will help the company expand into five states.

ArcelorMittal, Steelworkers Union Come to Terms on New Labor Agreement

29 April 2016 - The United Steelworkers union has reached a tentative, three-year labor agreement with ArcelorMittal USA, the union has announced.

Stolen Data Helped Chinese Producer Quickly Commercialize Ultra High-Strength Steel, Alleges U. S. Steel

28 April 2016 - China broke into U. S. Steel's computer network and stole production research on its advanced steels, allowing at least one overseas producer to side-step years of work and quickly roll out ultra high-strength grades, U. S. Steel alleges in its Section 337 complaint before the U.S. International Trade Commission.

Metals Trader Completes Acquisition of Scottish Plate Mills

28 April 2016 - Metals trading firm Liberty House has closed on its acquisition of two Tata Steel plate mills in Scotland, the firm has announced.

Restructuring Costs, Production Disruptions Contribute to Allegheny Technologies' First-Quarter Loss

27 April 2016 - Specialty metals producer Allegheny Technologies Inc. posted a net loss of US$101.2 million due to the ongoing market downturn, restructuring costs and the disruption caused by its now-ended lockout of the United Steelworkers union.

Steel Manufacturers Association Announces Winners of Safety, Innovation Awards

27 April 2016 - The Steel Manufacturers Association has named Gerdau’s Midlothian, Texas, plant as the recipient of the Don B. Daily SMA Achievement in Safety, its highest safety award.

Losses Continue to Mount for United States Steel Corp.

26 April 2016 - United States Steel Corp. posted a first-quarter net loss of US$340 million on Tuesday and announced that it filed a Section 337 petition seeking to bar unfairly traded, Chinese-made steel products from entering the country.

Iranian Steel Exports Set New Record

25 April 2016 - Iran exported a record 4.1 million metric tons of steel in the previous Persian calendar year, reports Iran's FARS News Agency.

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