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Latest News

India Weighing Additional Levies on Imported Steel

08 December 2015 - India is considering additional trade measures to protect domestic steelmakers, the Reuters news service reported.

Chinese Steel Exports Surpass 100-Million Mark

08 December 2015 - China’s steel industry reached a milestone in November – for the first time it exported more than 100 million metric tons, reported BloombergBusiness.

Toolmaker Introduces New Cutter Material

07 December 2015 - German precision tooling manufacturer MAPAL has developed a new line of cutter material coated by way of chemical vapor deposition, the company has announced.

AISI Chief Executive Applauds New U.S. Transportation Plan, But Says More Work Is Needed

07 December 2015 - Passage of compromise bill on transportation funding is long overdue but will enable steelmakers and their customers to plan for the future, said American Iron and Steel Institute (AISI) president and CEO Thomas J. Gibson.

Newspaper: Three Firms Competing to Buy Tata Steel European Operation

07 December 2015 - A deal to acquire Tata Steel's European long products business could come as soon as this week, according to a report in The (London) Telegraph newspaper.

With No Alternative Plans in the Offing, Tata Steel Expected to Cut 720 Positions

04 December 2015 - Tata Steel and union representatives have failed to agree on a plan that would mitigate layoffs at its mini-mill operation in northern England, meaning that Tata likely will execute on its plan to cut 720 positions there and elsewhere, according to the The (London) Telegraph.

Chinese Mills Feeling Impact of Industry Downturn

04 December 2015 - Chinese mills in the Shanxi province are cooling blast furnaces and curtailing production due to weakening demand and crimped cash flows, according to the Reuters news service.

Allegheny Technologies Lockout Nearing Fifth Month

04 December 2015 - Specialty metals producer Allegheny Technologies Inc. (ATI) invested close to US$400,000 per job through its new hot rolled mill in southwestern Pennsylvania, according to Robert Wetherbee, ATI’s president of flat rolled products.

Italian Transformer Manufacturer Finalizes Acquisition

03 December 2015 - Italy’s Tamini Trasformatori Srl has closed on a deal to acquire transformer manufacturer Transformer Electro Service Srl (TES), the company has announced.

Continuous Casters Switched On at New Baosteel Facility

02 December 2015 - Two new continuous slab casters have been put into service at Baosteel’s Zhanjiang works in southern China, according to the supplier.

Kennametal Closes on Divestment of Plate Fabrication, Castings Businesses

02 December 2015 - Tooling maker Kennametal Inc. has completed the sale of several non-core businesses to Chicago-based Madison Industries, the company has announced.

Former Bethlehem Steel CEO Dies at 86

01 December 2015 - Walter F. Williams, an engineer who worked his way up the ranks of Bethlehem Steel and lead the company as its chief executive, has died. He was 86.

Index Shows U.S. Manufacturing Contracted in November

01 December 2015 - The overall U.S. economy grew during November, but the manufacturing sector contracted for the first time in three years, according to the Institute for Supply Management’s monthly Report on Business.

Reliance Steel Adds Tube Distributor to Network

01 December 2015 - North America’s largest metals service center is acquiring U.S.- based Tubular Steel Inc. for an undisclosed amount, the company has announced.

U. S. Steel Announces Management, Organizational Changes to Flat Rolled Division

01 December 2015 - United States Steel Corporation is reorganizing the reporting structure for its flat rolled division, creating three commercial entities that will oversee operations at their respective plants.

Primetals Setting Up Briquetting Plant at New HBI Facility

30 November 2015 - Primetals Technologies has won an order for a residuals briquetting plant to be installed at voestalpine’s new hot briquetted iron (HBI) facility in the United States.

EUROFER: Changes to EU's Emissions Trading System Would Cost Steelmakers EUR34 Billion

30 November 2015 - Revisions to the European Union Emissions Trading System would be so costly to implement that they would just about erase the steel industry’s margins, according to EUROFER, the European Steel Association.

American Lawmaker Wants to Put a Five-Year Halt on Steel Imports

24 November 2015 - A U.S. lawmaker said he plans to introduce a bill banning steel imports for five years to protect the country’s ailing iron ore miners and steelmakers, according to reports.

Equipment Upgrade Helps ArcelorMittal Expand Piling Products Portfolio

23 November 2015 - ArcelorMittal’s Belval sheet piling mill in Luxembourg has put a new SMS group Compact Roller Straightener into service, allowing the mill to expand its product portfolio, SMS has announced.

LME's New Steel Contracts Make Market Debut

23 November 2015 - The London Metal Exchange launched its new rebar and steel scrap contracts today, but so far there hasn’t been much interest, according to Reuters news service.

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