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Latest News

Gerdau Gives a Thumbs Up to a New Rolling Mill, Plans to Begin Plate Production This Summer

19 February 2016 - Long steel maker Gerdau has issued the final acceptance certificate for its new Steckel mill at its Ouro Branco plant in the Brazilian state of Minas Gerais, according to the vendor on the project.

Coke Plant on Order at Chinese Steel Works

18 February 2016 - SMS group's Paul Wurth subsidiary will oversee engineering of a coke plant at a new steel works in China, the company has announced.

TimkenSteel Moves to Recapture a Piece of a Specialized Tube Market

18 February 2016 - U.S.-based TimkenSteel is re-entering the market for the specialized tubing needed to make a widely used type of plastic and has taken its first order, the company announced.

ArcelorMittal Workers in Canada Accept New Labor Deal

17 February 2016 - Unionized steelworkers at ArcelorMittal's Canadian long products division have ratified a six-year labor agreement, the company has announced.

Citing Losses, Australian Steelmaker Says It May Partially or Fully Close Its Integrated Steel Works

17 February 2016 - Arrium, an Australian iron ore miner and steel producer, posted an AU$235.8 million loss in the first half of fiscal 2016 and said it needs to find AU$60 million in cost savings or it will idle all or part of its integrated Whyalla works.

SDI Co-Founder Richard Teets Calls it a Career and Announces March Retirement

17 February 2016 - Steel Dynamics Inc. co-founder and former AIST board president Richard P. Teets Jr. has announced he’ll retire in March, bringing to an end a nearly 40-year steelmaking career and prompting the company to reorganize its management structure.

Minnesota's Governor Hopes to Enlist Other Governors in the Fight Against Imported Steel

17 February 2016 - The National Governors Association represents the governors of 55 U.S. states, commonwealths and territories. It's holding its annual winter meeting this weekend in Washington, D.C., and Minnesota Gov. Mark Dayton says he'll use the opportunity to ask his peers to support federal restrictions on steel imports.

Saudi Arabia, Russia Agree to Hold the Line on Oil Production, But With A Catch

16 February 2016 - Russia and Saudi Arabia have agreed to freeze oil production, but only if other major producers do so as well, according to media reports.

Danieli Lands Contract for Vietnamese Cold Rolling Mill

15 February 2016 - Danieli has won an order for a 2-stand cold reversing mill and a hot-dipped galvanizing line from Vietnamese galvanizer Ton Dong A.

NLRB: Allegheny Technologies Bargained in Bad Faith

15 February 2016 - America's National Labor Relations Board (NLRB) has filed a formal complaint against stainless manufacturer Allegheny Technologies Inc., accusing it of bargaining in bad faith with the United Steelworkers union.

China Is Not a Market Economy, Steelworkers Tell European Commission

15 February 2016 - Scores of angry steelworkers marched on European Union headquarters in Brussels, Belgium, today, demanding that commissioners take action to quell unfairly traded imports and that they deny China market economy status.

Paul Wurth Wins Order for Blast Furnace Equipment

12 February 2016 - SMS group subsidiary Paul Wurth has won a contract for two of its Bell Less Top charging systems, which are to be installed at a new Chinese ironmaking plant.

U.S. Stainless Producers Launch Trade Case Against China

12 February 2016 - Four U.S. stainless sheet and strip producers have filed a trade complaint against China, alleging that their overseas counterparts are dumping steel and undercutting domestic prices.

European Industries Pressing EU to Deny China Market Economy Status

08 February 2016 - European manufacturers and union laborers, including those in the steel sector, are planning to march in Brussels next week to voice opposition to granting China market economy status.

Italy's Riva Group Moves to Block Sale of its Former Steel Facilities

08 February 2016 - The company that owned Europe’s largest steel works is trying to stop a government sale of the facility and others, according to Italian news agency ANSA.

Primetals to Supply Stainless Bar and Rod Mill

08 February 2016 - China’s Yongxing Special Stainless Steel Co. Ltd., has awarded a contract for a combination bar and wire rod mill to Primetals Technologies, the company has announced.

Texas, Louisiana Mini-Mills on the Sales Block, ArcelorMittal Confirms

08 February 2016 - In addition to its U.S. rail mill in Steelton, Pa., ArcelorMittal has put two other long products mini-mills on the market – its Vinton mini-mill near El Paso, Texas, and the other in LaPlace, La.

ArcelorMittal Posts US$7.9B Loss in 2015

05 February 2016 - ArcelorMittal, the world’s largest steelmaker, lost US$7.9 billion in 2015 on lower prices and large write-downs in its iron ore business.

Write-downs, Restructuring Costs Help Push Tata Steel's Q3 Earnings into the Red

04 February 2016 - Tata Steel Ltd. lost Rs 2,127 crore in its third quarter as it continues to face low prices and competition from imports.

As Power Prices Rise and Steel Prices Fall, ArcelorMittal Considers Future of South African Mill

04 February 2016 - ArcelorMittal’s South African division said it expects to record a headline loss of 1,250 cents per share in 2015 and is rethinking its investment in its ultrathin hot rolled coil mill along the country’s west coast.

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