Steel News

TMK Forecasts Improving Conditions in 2017

16 January 2017 - Oil country tubular goods maker TMK said it expects the U.S. oil and gas market will continue to recover this year on the back of global rebalancing, spurring increased pipe consumption.

Vietnamese Steel Processor Orders New Paint Line

16 January 2017 - Vietnam’s Ton Dong A Corp. has awarded a contract to Danieli Fata Hunter for a continuous coil coating line at its new plant in the province of Binh Duong province.

Essar Minnesota Sues Parent for US$1 Billion and Hopes to Restart Project

13 January 2017 - The former Essar Steel Minnesota, which hopes to complete its half-finished taconite mine and pellet plant in Minnesota, has filed a lawsuit against parent Essar Global, alleging “a myriad of damaging actions” that helped starve it of cash, according to news reports.

Tata Negotiating Pay-Out to End pension Fund Guarantee Held on Steel Plant

13 January 2017 - Trustees of Tata Steel’s U.K. pension fund are negotiating a potential pay-out from the steelmaker in exchange for releasing a guarantee held on its Dutch steel works, according to reports.

China Exported Less Steel in 2016 -- About 4 Million Fewer Metric Tons

13 January 2017 - China’s steel exports fell 3.5 percent in 2016 as the country executed on plans to curtail capacity and as improved domestic demand diverted supply, reports the Reuters news service.

Dura-Bond to Restart Idled Tube Mill in Pennsylvania

12 January 2017 - Line pipe manufacturer Dura-Bond Industries plans to restart a mothballed United States Steel Corp. tube mill and eventually hire more than 200 people.

AHMSA Sets Production Record in 2016

12 January 2017 - Integrated steelmaker Altos Hornos de Mexico said produced a record 4.65 million metric tons in 2016, according to market reporting service S&P Global Platts.

Danieli Acquires Italian Robotics Company

12 January 2017 - Danieli has acquired Italy’s Telerobot Labs, which designs and builds robotic systems for a number of fields, the equipment manufacturer has announced.

Commercial Metals Adds Scrap Capacity in Southeastern U.S.

12 January 2017 - A subsidiary of long products manufacturer Commercial Metals Co. has an agreement to acquire seven scrap facilities from OmniSource Corp., the company has announced.

Commercial Metals Adding New Product to Lineup

09 January 2017 - Long products manufacturer Commercial Metals Co. on Monday posted a first-quarter profit of US$6.3 million and revealed plans to produce hot-rolled, spooled rebar at its new mill in Oklahoma.

Altra Industrial Finalizes Purchase of Clutches and Brakes Maker

06 January 2017 - U.S.-based Altra Industrial Motion Corp. has closed on its deal to acquire the Stromag unit of Britain’s GKN plc.

ArcelorMittal Dofasco Orders New Power Plant Boiler

06 January 2017 - ArcelorMittal Dofasco has awarded to a contract to The Babcock & Wilcox Co. for a replacement boiler at its Hamilton, Ontario, mill.

Partnership Reaches New Milestone in Work on Third-Generation AHSS

06 January 2017 - A research team developing third-generation, advanced high-strength steels said it has taken a significant step forward, producing sample casts of two alloys whose properties almost meet government targets for strength and formability.

AISI Brings Aboard Tax and Trade Policy Specialist

05 January 2017 - The American Iron and Steel Institute has hired an automotive industry representative as its new tax and trade policy director.

Konecranes Finalizes Terex Deal, Targets EUR140 Million in Synergies

04 January 2017 - Konecranes has closed on its deal to acquire the material handling and port solutions business of U.S.-based Terex Corp., the company has announced.

Trump Nominates U.S. Trade Representative

03 January 2017 - Retired Nucor Corp. chief executive Dan DiMicco, who has been advising Donald Trump and assisting the President-elect’s transition, was passed over for the job as U.S. trade representative, but said the nominee, former Reagan administration official Robert Lighthizer, is a fine pick.