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Latest News

World Steel Chairman: An Oil, Gas Recovery is Still Months Off

28 December 2015 - The oil and gas sector isn’t likely to begin to recover until at least the summer of next year, World Steel Association chairman Wolfgang Eder said during an interview with USA Today.

U.S. Commerce Department Proposes Big Dumping Margin on Chinese-Made Corrosion-Resistant Steel

23 December 2015 - The U.S. Department of Commerce has made a preliminary determination that steel producers in China, India, Italy and South Korea have dumped corrosion-resistant steel in the U.S.

Baosteel Pulls the Plug on Multi-Billion-Dollar Iron Ore Project

23 December 2015 - China’s Baosteel and its partners are mothballing a proposed US$5.4 billion iron ore project in Australia on account of market conditions, reports BloombergBusiness news service.

Minnesota Officials Urge White House to Act Quickly on Steel Dumping

23 December 2015 - Steel industry executives, legislators and laid-off union miners in Minnesota’s Iron Range told the White House chief of staff that quick and decisive action is needed to stop what they called the national steel-dumping crisis.

Cliffs Divests Remaining Met Coal Assets

23 December 2015 - Iron ore producer Cliffs Natural Resources Inc. has exited the coal business, closing on a deal to sell its remaining metallurgical coal mines, the company has announced.

U.S. Steel Hits the Pause Button on Its New EAF

22 December 2015 - United States Steel Corporation is halting work on its new electric arc furnace (EAF), saying that the steel and energy markets are simply too weak to support the project.

Tata Steel Negotiating Sale of European Long Products Business

22 December 2015 - Tata Steel is in talks with investment firm Greybull Capital to sell its European long products business, the company has announced.

Cascade Steel Upgrades Oregon Rolling Mill

21 December 2015 - Danieli has won a contract to modernize the finishing end of Cascade Steel Rolling Mill’s Oregon rebar facility, the company has announced.

Fives Wins Contracts for Upgrades at ArcelorMittal Plants

21 December 2015 - Industrial engineering group Fives has won contracts for upgrades to ArcelorMittal facilities in China and Romania, the company has announced.

U. S. Steel, Steelworkers Shake Hands On New Labor Deal

21 December 2015 - United States Steel Corporation and the United Steelworkers union have tentatively agreed to a new, three-year labor deal.

AK Steel, Steel Dynamics Expecting Low-Cost Imports to Weigh Down Fourth-Quarter Results

18 December 2015 - AK Steel Corp. said it expects to report a greater-than-anticipated net loss of between 33 cents and 38 cents per share in the fourth quarter, due in part to costs associated with idling its Kentucky blast furnace.

Cable Manufacturer Reaches Deal to Distribute Some Pfisterer Electrical Equipment

18 December 2015 - U.S.-based TPC Wire & Cable Corp. has formed a partnership with Germany's Pfisterer, giving TPC the ability to stock select Pfisterer products in the United States, the company has announced.

U.K. Wins Approval to Offer New Energy Subsidy

18 December 2015 - The European Commission has approved a U.K. plan to help its steelmakers cover their energy costs, reports The (London) Telegraph newspaper.

EUROFER Board Names New President

18 December 2015 - A top ArcelorMittal executive has been elected as president of EUROFER, the European Steel Association.

Weak Demand Forces Nucor To Halt Production at DRI Plant

17 December 2015 - Nucor Corp. is temporarily halting production at its direct reduced iron (DRI) plant in Louisiana due to market conditions, the U.S.-based steelmaker has announced.

Outokumpu Finalizes Divestment of Mexican Joint Venture

17 December 2015 - Stainless manufacturer Outokumpu has closed on a deal to sell its stake in its tubular joint venture in Mexico to partner F.E.R. Fischer Edelstahlrohre GmbH.

Overseas Cold Rolled Producers Benefiting From Unfair Subsidies, U.S. Commerce Department Rules

17 December 2015 - The U.S. Department of Commerce has preliminarily ruled that cold-rolled flat steel products from China, India, Brazil and Russia are benefiting from unfair government subsidies and set duties ranging from zero to 227.3 percent.

Nucor Awards Contract for Rod Mill Upgrades

17 December 2015 - Primetals Technologies has won a contract to upgrade coil handling equipment at Nucor Corp.'s Norfolk, Neb.,USA, coiled bar and wire rod mill, the company has announced.

Consolidated Systems Carves Up Processing Business

16 December 2015 - North America’s largest independent coil coater has acquired the coating and processing assets of Consolidated Systems Inc.’s Consolidated Metal Products unit.

ArcelorMittal Americas CEO Stepping Down in February

16 December 2015 - ArcelorMittal Americas CEO Lou Schorsch has announced that he will retire in February 2016, prompting the world’s largest steelmaker to reorganize its top management in the two continents.

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