Steel News

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.

NLMK to Install New Walking Beam Furnace at U.S. Mill

29 December 2016 - NLMK Group will invest an estimated US$80 million in a new reheat furnace for its U.S. sheet mill in Pennsylvania, the company has announced.

Stainless Producer Contracts Fives for New Processing Line

28 December 2016 - The Fives industrial engineering firm has won a contract to install a new stainless processing line at China’s Chengde Stainless Steel Co.

U.S. Crude Steel Production Expected to Rise in 2017

28 December 2016 - U.S. crude steel production is expected to rise by around 4.4% in 2017, reports the (London) Financial Times newspaper.

Tata Steel Acquires Iron Ore Processor

27 December 2016 - Tata Steel has an agreement to acquire an iron ore pellet maker that will its new Kalinganagar works in the Indian state of Odisha.

New BOF on Order for Chilean Steel Mill

27 December 2016 - Chile’s Compania Siderurgica Huachipato S.A. has ordered a new basic oxygen furnace (LD converter) for its Talcahuano facility from Primetals Technologies.

With Approvals in Hand, Konecranes Plans to Finalize Terex Deal in Early 2017

22 December 2016 - The European Commission has given the green light to a deal in which Finnish crane manufacturer Konecranes plc will sell its hoist and crane components business to an American company. The approval clears the way for Konecranes to finalize the sale of its port solutions and material handling business to U.S.-based Terex Corp.

Texas Rebar Mill Sold to Japanese Steelmaker

22 December 2016 - Japan’s Kyoei Steel Ltd. has acquired a Texas rebar mill for approximately US$52 million, the company said on Thursday.

AK Steel Awarded Grant to Support Electrical Steel

21 December 2016 - AK Steel Corp. has been awarded a US$1.8 million federal grant to help it develop new grades of electrical steels, according to The Cincinnati (Ohio) Enquirer newspaper.

SDI Starts Up New Paint Line at Mississippi Sheet Mill

21 December 2016 - Steel Dynamics Inc. has finished installing a new continuous paint line at its Mississippi sheet plant and coated its first coil there, according to the vendor on the project.

U.S. Steel to Close Tube Lines at Ohio, Texas Plants

21 December 2016 - United States Steel Corp. is permanently closing one of the two seamless tube mills at its Lorain, Ohio, plant and a welded tube mill at its Lone Star, Texas, plant, reports The Times newspaper of northwest Indiana.

Nucor to Buy Republic Conduit, Pushing Recent Pipe and Tube Investments to Nearly US$1B

15 December 2016 - Nucor Corp. has signed an agreement to acquire Republic Conduit from Luxembourg-based Tenaris S.A. for US$335 million, the steelmaker said on Thursday.

Acquisition Expands Texas Service Center's Processing Capabilities

15 December 2016 - North Shore Steel, a steel service center in Houston, Texas, has acquired the operating assets of Houston Blow Pipe, a 100-year-old plate processor, the company has announced.

Seasonal Declines Expected to Dampen Nucor Earnings

15 December 2016 - Nucor Corp. expects to post weaker fourth-quarter earnings due to the typical end-of-year slowdown, the company said on Thursday.

Synalloy Acquiring Stainless Pipe and Tube Operation

13 December 2016 - A subsidiary of Virginia-based Synalloy Corp. is acquiring the stainless pipe and tube operations of Marcegaglia USA for US$15 million to US$16 million, the company announced on Tuesday.

SAIL Fires Up New Silicomanganese Furnace

13 December 2016 - Steel Authority of India Ltd. has announced that its Chandrapur ferroalloy plant has begun ramping up a new silicomanganese furnace, said to be India’s largest.

A Market Economy or Not? China Turns to the WTO for an Answer

12 December 2016 - Chinese officials said they are initiating dispute-resolution procedures against the U.S. and the European Union over their refusal to recognize the country as a market economy, marking the beginning of a fight over how anti-dumping tariffs are assessed against the country.