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Latest News

AK Steel to Begin Winding Down Ashland Works

14 December 2015 - AK Steel Corp. is to begin sending home employees at its Ashland, Ky., USA, works Christmas week, according to the Dayton Daily News.

Partnership Hopes to Roll Out New Metalworking Lubricants

14 December 2015 - Metalworking fluids manufacturer Houghton International is teaming up with SMS group to make new and advanced metal rolling oils, the companies have announced.

Union Reviewing New U. S. Steel Contract Proposal

14 December 2015 - Leaders of the United Steelworkers union are meeting in Pittsburgh, Pa., USA, this week to discuss a new comprehensive proposal from United States Steel Corporation.

Outokumpu Sheds Majority Stake in Joint Venture

11 December 2015 - Finland’s Outokumpu has completed the divestment of most of its stake in its Chinese joint venture, Shanghai Krupp Stainless Co. Ltd. (SKS), the company has announced.

U. S. Steel's Granite City Works To Close in Mid-February, Union Official Says

11 December 2015 - United States Steel Corporation will begin winding down its Granite City Works in Illinois later this month, with workers beginning to be sent home on 27 December, according to the Belleville News-Democrat newspaper.

High Imports and Low Prices Prompt Allegheny Technologies to Idle Two Mills

11 December 2015 - Citing the abundance of low-cost imports and depressed steel prices, stainless and specialty steel producer Allegheny Technologies Inc. is indefinitely idling two of its western Pennsylvania plants.

Canadian Ore Producer Delists Shares on OTCQX Exchange

10 December 2015 - Canada’s New Millenium Iron Corp. is voluntarily delisting its common shares on the OTCQX International exchange, the company has announced.

Window Screen Manufacturer Acquires New York Wire for US$8.8 Million

10 December 2015 - A mesh and screen manufacturer is acquiring the U.S. assets of bankrupt New York Wire in a cash deal, the company has announced.

Primetals Completes Caster Modernization at German Slab Mill

10 December 2015 - Primetals Technologies has completed upgrades to the second strand of a twin-slab continuous caster in Germany, Primetals has announced.

Canada Issues Final Determination in Plate Trade Case

09 December 2015 - The Canada Border Services Agency (CSBA) has issued its final determination in a trade case involving hot rolled carbon and high-strength, low-alloy steel plate from Russia and India, finding that those products have been dumped or subsidized.

Vietnamese Steelmaker Planning New 200K-Ton Rolling Mill

09 December 2015 - Vietnam’s Hoa Sen Group has been awarded an investment certificate for a new US$89-million cold rolling mill in the Binh Dinh province, according to The Saigon Times.

Hundreds Out of Work at ArcelorMittal Caribbean Steel Works

09 December 2015 - ArcelorMittal is laying off scores of workers at its Point Lisas steel works in Trinidad and Tobago after temporarily idling the operation in November, according to reports.

Butech Bliss Wins Order for Hydraulic Roller Leveler

08 December 2015 - U.S.-based Ferralloy Inc. is adding a Butech Bliss Synergy® hydraulic roller leveler to its Decatur, Ala., facility.

India Weighing Additional Levies on Imported Steel

08 December 2015 - India is considering additional trade measures to protect domestic steelmakers, the Reuters news service reported.

Chinese Steel Exports Surpass 100-Million Mark

08 December 2015 - China’s steel industry reached a milestone in November – for the first time it exported more than 100 million metric tons, reported BloombergBusiness.

Toolmaker Introduces New Cutter Material

07 December 2015 - German precision tooling manufacturer MAPAL has developed a new line of cutter material coated by way of chemical vapor deposition, the company has announced.

AISI Chief Executive Applauds New U.S. Transportation Plan, But Says More Work Is Needed

07 December 2015 - Passage of compromise bill on transportation funding is long overdue but will enable steelmakers and their customers to plan for the future, said American Iron and Steel Institute (AISI) president and CEO Thomas J. Gibson.

Newspaper: Three Firms Competing to Buy Tata Steel European Operation

07 December 2015 - A deal to acquire Tata Steel's European long products business could come as soon as this week, according to a report in The (London) Telegraph newspaper.

With No Alternative Plans in the Offing, Tata Steel Expected to Cut 720 Positions

04 December 2015 - Tata Steel and union representatives have failed to agree on a plan that would mitigate layoffs at its mini-mill operation in northern England, meaning that Tata likely will execute on its plan to cut 720 positions there and elsewhere, according to the The (London) Telegraph.

Chinese Mills Feeling Impact of Industry Downturn

04 December 2015 - Chinese mills in the Shanxi province are cooling blast furnaces and curtailing production due to weakening demand and crimped cash flows, according to the Reuters news service.

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