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Latest News

Steel Technologies Expands Footprint, Announces New Tennessee Facility

31 March 2016 - Flat rolled processor Steel Technologies LLC plans to invest US$18 million in a new facility housing a slitting line and a 1,000-ton blanking press, the company has announced.

South Korean Steelmaker Completes Upgrades to Reversing Mill

31 March 2016 - Hyundai Steel Co. has restarted a tandem reversing mill at its Pohang works following a monthlong outage for a modernization project.

Indian Officials Extend Safeguard Duty for Two More Years

30 March 2016 - India is extending a six-month safeguard duty it imposed last year on hot rolled coils, the Central Board of Excise and Customs has announced.

Nine Years and Billions of Dollars Later, Tata Steel Calls it Quits in the United Kingdom

30 March 2016 - After spending billions to buy Anglo-Dutch steelmaker Corus in 2007, and then losing millions more on the investment, India’s Tata Steel has announced plans to sell its U.K. business, leaving thousands of jobs at risk.

Steel Industry Vets Investing Nearly US$37 Million in North America's 'Most Advanced' Cold Finished Bar Mill

29 March 2016 - A start-up company has selected Valparaiso, Ind., as the home of what it says will be North America’s most advanced cold drawn bar mill and plans to begin operations in 2017.

Commercial Metals' Second-Quarter Sales Drop, But Profits Increase

28 March 2016 - U.S. recycler and long products producer Commercial Metals Co. saw its second-quarter profits increase despite a decline in sales, the company reported.

Further Investigation into Stainless Imports from China Warranted, U.S. Trade Commission Rules

28 March 2016 - The U.S. International Trade Commission has issued a preliminary ruling in a trade case involving stainless steel sheet and strip from China, saying that it appears overseas producers are undercutting prices and have harmed the U.S. industry.

Builder of Unfinished Taconite Facility Looks to Restructure Millions in Debt

28 March 2016 - Essar Steel Minnesota, the company building Minnesota’s first new taconite facility in years, owes approximately US$1 billion and has hired advisers to help it restructure its debt, reports the Reuters news service.

Metals Trading Firm Expands Steelmaking Holdings

24 March 2016 - Tata Steel has reached an agreement to sell two affiliated plate facilities in Scotland, the company has announced.

Investment Firm Acquiring ArcelorMittal Long Products Facilities (Updated)

24 March 2016 - ArcelorMittal is selling three of its U.S. long products mills to a private investment firm for an undisclosed amount, the company has announced.

AK Steel, Auto Workers Reach New Labor Pact

23 March 2016 - Hourly production and maintenance employees at AK Steel Corp.'s Coshocton Works in Ohio have ratified a new labor agreement, according to the company.

China Steel, Coal Sectors Owe More Than US$1T

23 March 2016 - China’s efforts to cut excess coal mining and steelmaking capacity could be thwarted by the US$1.56 trillion in debt being carried by those sectors and others, according to the Reuters news service.

Reports: Deal Close for Tata Steel Mills in Scotland

22 March 2016 - Sanjeev Gupta, founder and executive chairman of a metals trading firm that partially re-opened an idled steel mill last year, is close to adding two other facilities to the company’s production portfolio, reports The Guardian newspaper.

Japanese Steelmaker Restarts Damaged Bar Mill

22 March 2016 - Toyota-affiliated Aichi Steel Corp. has restarted a bar mill that was damaged by a gas explosion earlier this year, the company has announced.

Evraz Plans Further Curtailments at Colorado Mill

21 March 2016 - After announcing plans to indefinitely idle the seamless tube mill at its Colorado plant, Evraz North America has said it will temporarily halt steelmaking and idle the rail mill there as well, according to reports.

Two AK Steel Engineers Promoted as Vice Presidents

21 March 2016 - Two AK Steel Corp. veterans have been promoted to the Ohio-based steelmaker’s executive team, the company has announced.

1.4 MT Rebar Plant Opens in Oman

21 March 2016 - Jindal Shadeed Iron and Steel has inaugurated a new rebar mill at its plant in Sohar, Oman, according to reports.

Big River Begins Switching On Production Lines at New Mill

18 March 2016 - Big River Steel has commissioned its batch anneal furnaces and skin pass mill and has begun processing steel at its new mill in Arkansas, the company announced.

Primetals Completes Capacity-Boosting Project at Aperam Mill

18 March 2016 - Primetals Technologies has finished upgrading an annealing and pickling line at a stainless sheet mill in Belgium, the company has announced.

U. S. Steel Idling Tube Mills, Laying Off Nearly 800

18 March 2016 - United States Steel Corporation is temporarily idling tube mills in Texas and Alabama and laying off nearly 800 salaried and hourly employees, reports the Pittsburgh Post-Gazette.

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