Steel News

China Exceeds 2016 Capacity Cut Target, But Much More Remains

19 January 2017 - Although China cut up to 80 million metric tons of steel capacity last year, much of it was already idle and did little to reduce output, reports the Reuters news service.

U.S. Commerce Department Affirms Hefty Duties on Chinese Plate

18 January 2017 - The U.S. Commerce Department has made its final determinations on a trade case on Chinese cut-to-length plate, setting anti-dumping and countervailing margins of more than 300 percent.

Fire Puts Japanese Plate Mill Out of Commission For Eight Months

18 January 2017 - A heavy plate mill in Japan is likely to remain off-line for the next eight months following a fire that damaged the facility.

Great Lakes Iron Ore Shipments Increased in 2016

17 January 2017 - The Soo Locks, which are a vital link between Lake Superior and the other Great Lakes, have closed for annual maintenance, marking the end of the 2016 shipping season. And while overall cargo volumes were down, iron ore shipments increased 7.8 percent, reports the MLive news site.

ArcelorMittal Wins Long-Term Supply Deal for Coke Byproduct

17 January 2017 - ArcelorMittal’s U.S. division has struck up long-term agreements to sell coal tar to Koppers Inc., a manufacturer of wood-treatment chemicals and carbon compounds.

Tenova Acquires U.S.-Based Material Handling Systems Business

17 January 2017 - Tenova TAKRAF has acquired the assets of FMC Technologies’ materials handling systems unit for an undisclosed amount, the company has announced.

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.