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Latest News

Cliffs Natural Resources to Resume Production at Idled Iron Ore Mine

14 March 2016 - Seeing some improvement on the horizon, Cliffs Natural Resources is restarting its idled Northshore Mining operation in Minnesota, the company has announced.

Tata Steel Eyes September Commissioning for New Steel Works

14 March 2016 - India’s Tata Steel is bringing up its new Kalinganagar steel works in the state of Odisha and plans to have it fully commissioned by September, company officials said.

American Industries Bought Less Electricity in 2015, Says EIA

14 March 2016 - For the fifth year in the past eight, U.S. electricity sales have fallen, with declining industrial demand partly to blame, according the U.S. Energy Information Administration.

Deutsche Bank Plans to Reduce Credit Exposure to Steel, Mining Industries

14 March 2016 - The downturn in the steel and mining industries is prompting Germany’s largest bank to pull back on its lending to those areas.

Deadline Nearing for Sale of Tata Steel Europe Long Products Business

11 March 2016 - Talks between investment firm Greybull Capital and Tata Steel over the sale of its European long products business are continuing, but the steelmaker is sticking to a self-imposed deadline to strike a deal, reports the U.K.’s Mirror tabloid.

Keystone Steel & Wire Adds 1080 Wire Rod to Product Portfolio

10 March 2016 - U.S.-based Keystone Steel & Wire has begun manufacturing and selling high-carbon wire rod for use as pre-stressed concrete strand, the company has announced.

Workers Vote Down Arrium Request for Pay Concessions

10 March 2016 - Approximately 400 unionized iron ore miners at Australia’s Arrium have rejected the company’s request for wage concessions, saying they won’t agree to it until the company provides a clear financial plan for continuing operations, according to Australian broadcaster ABC.

China's Planned Capacity Cuts Aren't Enough, says Veteran Steelmaker

10 March 2016 - China’s plan to shutter 100 million to 150 million metric tons of steelmaking capacity won’t be enough to restore balance to the sector, Zhang Wuzong, chairman of privately owned Shandong Shiheng Special Steel Group told, the Reuters news service.

China Intends to Idle More than 200 Mills in its Steelmaking Center

09 March 2016 - The Hebei province, China's steelmaking heartland, will close 60 percent of its steel mills by 2020 as part of the country's effort to curb excess capacity, reports Chinese business and finance magazine Caixin.

Paul Wurth Wins Order for Blast Furnace Charging System

09 March 2016 - South Korea’s POSCO has ordered a new charging system for the No. 3 blast furnace at its Pohang works, according to the vendor on the project.

Alpha Natural Resources Hopes to Exit Bankruptcy This Summer

08 March 2016 - Bankrupt metallurgical and thermal coal miner Alpha Natural Resources has filed a plan to exit U.S. Chapter 11 bankruptcy, but it will leave as a much smaller organization.

Primetals Awarded Contract for Caster Modernization

08 March 2016 - Italian steelmaker Acciaierie Valbruna S.p.a. plans to modernize the three-strand continuous billet caster at its Bolzano plant, according to the vendor on the project.

EUROFER: U.S. Duties on Cold Rolled Steel Will 'Re-establish' Level Playing Field

07 March 2016 - The U.S. Commerce Department’s preliminary imposition of a 266 percent duty on Chinese-made cold rolled steel will “re-establish” a level playing field. The European Union would do well to take note, said European Steel Association director general Axel Eggert.

ArcelorMittal CEO Sees Improvement on the Horizon

07 March 2016 - There’s finally some light at the end of the tunnel, ArcelorMittal’s chief executive told The (London) Financial Times.

ATI Looks for Post-Lockout Production to Normalize in April

07 March 2016 - With a six-month lockout at an end, unionized employees at Allegheny Technologies Inc. (ATI) are to begin returning to work 13 March, the company has announced.

Striking Workers Halt Production at Mexican Plant

07 March 2016 - Unionized workers at ArcelorMittal’s Lazaro Cardenas steel works in Mexico have walked off the job, saying that the company has violated their collective bargaining agreement.

NLMK Announces 2018 Blast Furnace Rebuild

04 March 2016 - Russia’s NLMK said it will spend US$104.4 million (RUB 7.5 billion) to rebuild the No. 6 blast furnace at its Lipetsk works.

India Considers Additional Support for Steel Industry

02 March 2016 - India’s steel ministry is weighing the feasibility of bailing out indebted local metal producers, reports BloombergBusiness.

Insteel Industries Appoints New Director

02 March 2016 - A longtime North Star Steel manager and executive will be joining the board of wire reinforcing products maker Insteel Industries Inc., the company has announced.

U.S. Commerce Department Sets Duty on Cold Rolled Imports

02 March 2016 - The U.S. Commerce Department will impose preliminary anti-dumping duties on cold rolled flat steel from seven countries, including China, the department announced on 1 March.

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