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Industry
Latest News
Commerce Department Clears the Way for Anti-Dumping Duties on Cold Rolled Steel
22 July 2016 - The U.S. Commerce Department has set final anti-dumping margins of between 1 percent and 35.4 percent on cold rolled steel from five countries – Brazil, Korea, Russia, India and the United Kingdom.
ArcelorMittal Awards Contract for Coke Oven Rebuild
22 July 2016 - Engineering firm Paul Wurth has been tapped to rebuild the coking plant at ArcelorMittal’s integrated Gijon works in Spain, the company has announced.
POSCO Earnings Miss Analysts' Estimates
22 July 2016 - POSCO recorded an operating profit of US$597.7 million between April and June, falling short of analysts’ expectations, according to the Reuters news service.
Auto Parts Maker Orders 25-MN Forging Press
22 July 2016 - SMS group said it has won an order for a closed-die forging press from Turkey’s PARSAN Makina Parçaları Sanayii A.Ş., a key forged-parts supplier to the European automotive industry.
Tenova Signs Preliminary Agreement to Build South American DRI Plant
22 July 2016 - A Peruvian company developing an iron ore mine in the southern Andes has struck a preliminary agreement with Tenova for two ore-processing plants, Tenova has announced.
Nucor Executives See Much Potential in Texas Plate Mill Acquisition
21 July 2016 - Nucor executives are upbeat about the company’s US$29 million investment in a Texas plate mill, saying it is a well-run, well-equipped facility that will give Nucor access to new value-added niche markets.
U. S. Steel Revises Injury Reporting Policy
21 July 2016 - United States Steel Corp. is changing its injury-reporting policy to allow workers to give notification after they’ve realized an injury has occurred, the United Steelworkers union has announced.
Nucor's Profits Rise in Second Quarter
21 July 2016 - Nucor Corp.’s second-quarter profit rose to US$233.8 million on and improving supply-side conditions, the company reported Thursday.
Nucor Expands Plate-Making Capabilities Through Acquisition
20 July 2016 - Nucor Corp. is acquiring a plate mill from a mining equipment manufacturer for about US$29 million, the steelmaker announced on Thursday.
British Steel Names Industry Veteran as Top Executive
20 July 2016 - Roland Junck, who once oversaw ArcelorMittal, has been named executive chairman of the new British Steel, the U.K. steelmaker announced on Thursday.
New Owner of Cold-Finish Equipment Manufacturer Looks to Streamline Production
20 July 2016 - Pennsylvania-based Big B Manufacturing has acquired cold-finished machine maker Hetran Inc. out of bankruptcy for US$765,000, according to reports.
There's More to Be Done on Meeting Fuel-Efficicency Standards, and Steel Still Has a Role to Play, Government Report Says
20 July 2016 - A new government report estimates that the U.S. vehicle fleet will average between 50 and 52.6 mpg in model year 2025, short of the goal laid out by the Obama administration in 2012. Nevertheless, automakers have made strides in improving fuel efficiency and can do even better.
SDI Looks for New Paint Line to Start in Early 2017; Wins Quality Certification for Premium Rail
19 July 2016 - Construction of a new paint line at Steel Dynamics Inc.’s Columbus, Miss., plant is on budget and on schedule, chief executive Mark Millet said on Tuesday.
China Allowing Foreign Steelmakers to Set Up Wholly Owned Businesses
19 July 2016 - China is easing restrictions on foreign-owned companies from establishing steel-making plants in the country, reports the South China Morning Post.
U.S. Commerce Department Affirms Structural Tubing Duties
19 July 2016 - The U.S. Commerce Department has signed off on anti-dumping duties on carbon structural tubing from three countries.
Report: Overseas Bidder Looking at U.S. Steel Canada, Essar Algoma
18 July 2016 - A metals trading firm that seems to have lost out on its bid to acquire all of Tata Steel’s U.K. business is turning its attention to overseas targets, reports The (London) Financial Times.
Improving Flat Rolled Market Lifts Profits at Steel Dynamics
18 July 2016 - Steel Dynamics Inc. saw its second-quarter profits more than double due in part to improving conditions in the flat rolled sector, the company said on Monday.
Tenaris to Open Canadian Service Center By Year's End
18 July 2016 - Oil country tubular goods manufacturer Tenaris plans to open a service center in Alberta, Canada, late this year in support of oil and gas drillers operating in the Duvernay and Montney shales, the company has announced.
Rotek Expands Seamless Ring Capacity
18 July 2016 - Thyssenkrupp’s Rotek Inc. said the installation of a new ring mill at its Aurora, Ohio, plant is on schedule and expects to put it into service on 1 September.
China Makes a Record Amount of Steel in June
15 July 2016 - Chinese steel mills produced crude steel at a rate of 2.32 million metric tons per day in June, making the month the busiest ever -- on a daily basis -- for the country’s steelmakers, reports the Bloomberg news service.
