Steel News

Researchers Developing High Silicon Steel That's Less Brittle -- And Less Expensive

28 September 2016 - The U.S. Department of Energy has awarded a US$3.8 million grant to a research team that is helping to create smaller and more powerful electric motors based on a developmental electrical steel.

Chilean Steelmaker Produces First Heat of Nanotech Rebar Steel

27 September 2016 - MMFX Technologies Corp. has established a production partnership with CAP Steel, which has produced its first heat of MMFX’s ChrōmX 9100 concrete-reinforcing steel at its Huachipato plant in Talcahuano, Chile, according to announcement.

Chinese Steel Production Proving Difficult to Curb

27 September 2016 - If China really intends to cut its excess steelmaking capacity, then the effort is off to a lousy start, reports the Bloomberg news service.

Steelmaker Completes Improvements to Furnace Emissions System

26 September 2016 - Italy’s Acciaierie Bertoli Safau SpA has upgraded its emissions treatment capabilities, adding a system to better control the release of dioxins.

Tata Steel Opens Pension Talks with Labor Representatives

26 September 2016 - Tata Steel executives are meeting with labor leaders at its U.K. steel works as the steelmaker looks for an agreement on changes to its pension plan, according to reports.

Kito, Konecranes Ending Alliance, But Not Relationship

26 September 2016 - Japan’s Kito Corp. is dissolving its strategic alliance with Konecranes so that it can bid on Konecranes' hoist and crane components business, which is being divested as part of a separate deal, the companies have announced.

Essar Algoma Lenders, Bondholders Set Recapitalization Plan

23 September 2016 - A majority of Essar Steel Algoma’s term lenders have settled on a recapitalization plan with the company’s bondholders, the Canadian steelmaker has announced.

'It's Never Easy to Resolve This Issue,' Says OECD Steel Committee Chairman

23 September 2016 - The outgoing chairman of the Organisation for Economic Co-operation and Development’s steel committee says “many difficulties lie ahead” as the world looks for agreements to bring steelmaking capacity in line with demand.

Chinese Steelmakers Trying to Evade U.S. Import Tariffs, American Steelmakers Allege

23 September 2016 - Several U.S. steelmakers are accusing their Chinese counterparts of circumventing newly imposed tariffs on cold-rolled and corrosion-resistant steels by diverting products into another country before exporting them.

New Cold Mill to Expand Nucor's Lineup of Specialty Steels

23 September 2016 - Nucor Corp. will add a US$230 million cold-rolling mill to its Arkansas sheet mill, giving it the ability to make some new, higher-value products, the company has announced.

Investment Firm Takes a Step Toward Acquiring U.S. Steel Canada

23 September 2016 - The Ontario provincial government and an American investment firm have set broader terms of a restructuring plan for U. S. Steel Canada Inc., which has been operating under creditor protection for two years.

Boasteel Merger May Just Be the Beginning of Chinese Steel Industry Consolidation

20 September 2016 - The merger of China’s Baosteel and Wuhan Iron and Steel Group might be the first of several mergers among the country’s steel producers, reports the Bloomberg news service.

Steel Dynamics Forecasts Rising Q3 Profits

20 September 2016 - U.S.-based Steel Dynamics Inc. said it expects to double its third-quarter per-share profit due to a widening gap between average steel prices and scrap costs.

Report: Proposed Merger of China's Baosteel, Wuhan Iron and Steel Wins Regulatory Approval

19 September 2016 - A plan to merge two of China’s largest steelmakers into a single entity with more than 60 million tons of capacity has received regulatory approval, reports Caixin magazine.

Harsco Wins US$40 Million Contract with South American Steelmaker

19 September 2016 - Mill contractor Harsco Corp. has signed a new US$40 million agreement with Chile’s largest steelmaker, CAP Huachipato, Harsco announced on Monday.

Union Workers at Republic Steel Ratify Labor Agreement

19 September 2016 - Members of the United Steelworkers have ratified a new, three-year labor agreement with Republic Steel, the union has announced.

Nucor Signs Deal to Acquire HSS Manufacturer

19 September 2016 - Nucor Corp. is acquiring structural tube manufacturer Independence Tube Corp. for US$435 million, a move that strengthens its grip on the non-residential construction market.

Steel Dynamics Subsidiary Plans Long Products Galvanizing Facility

16 September 2016 - Steel Dynamics Inc. is expanding its coatings capabilities, establishing a contract galvanizing shop in Kentucky that can treat long products and fabricated steel components.

Fill 'Er Up: Steel Mills Might One Day Become the Gas Stations for Commercial Jets

16 September 2016 - A U.S. company that is developing technology to convert carbon-based waste gasses into biofuels and chemicals says it has produced 1,500 gallons of jet fuel from steel mill emissions.

Coil Exports Begin Shipping From New Tata Steel Works

16 September 2016 - Tata Steel’s new Kalinganagar works has reached another milestone as ramps up operations, shipping its first hot-rolled coils for the export market.