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Latest News

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.

Expanding on Previous Acquisition, Atlas Copco Sweeps Up Second Vacuum Business

20 November 2015 - Swedish compressor manufacturer Atlas Copco is acquiring Oerlikon’s Leybold Vacuum business in a deal based on an enterprise value of CHF525 million, the company said.

Former Nucor CEO Enters Business Hall of Fame

20 November 2015 - Former Nucor Corp. CEO and chairman emeritus Dan DiMicco has been inducted into the North Carolina Business Hall of Fame.

POSCO Orders Vertical Annealing Furnace for New Galvanizing Line

19 November 2015 - The Fives engineering group has won a contract to design and build a high-performance vertical annealing furnace for a POSCO plant, the company has announced.

Ohio Steel Shop Temporarily Halting Production

19 November 2015 - U.S.-based Warren Steel Holdings is temporarily idling its plant in Warren, Ohio, citing “market conditions.”

With Steelmaking Still Months Off, Tata Steel Dedicates New Integrated Plant

18 November 2015 - Tata Steel has inaugurated its new 6-million-metric-ton integrated steelworks in India, even though it will be a few more months before steelmaking begins.

Iron Ore Producer Might Impose Production Curtailments in Early 2016

18 November 2015 - U.S. iron ore producer Magnetation LLC has warned employees that it might curtail production at its No. 2 plant in Bovey, Minn., beginning on 31 January 2016.

Cliffs Natural Resources Idles Mine, Taconite Pellet Plant

18 November 2015 - Iron ore producer Cliffs Natural Resources Inc. is temporarily idling pellet production at its Northshore Mining operation in Minnesota, the company has announced.

Analysts: Cheap Debt Contributing to Steel's Oversupply

17 November 2015 - Inexpensive credit has allowed unprofitable production to be maintained, supporting the continued glut of steel on the market, according to analysts at financial services firm Macquarie Group.

Some Interest, But No Takers Yet for Tata Steel's European Division

17 November 2015 - Several parties reportedly have expressed interest in Tata Steel’s European long products division, although a deal doesn’t appear to be imminent, according to the Reuters news service.

Big River Steel Continuing to Push Toward 2016 Start-Up

16 November 2015 - The founder of a new U.S. mill has died and the governor who initially supported the project is no longer in office, but the Big River Steel project is continuing to progress toward a planned start-up in late summer or early fall of 2016, reports the weekly business journal Arkansas Business.

World Steel Association Chairman: Europe Has Too Much Steelmaking Capacity

16 November 2015 - Europe has too much steelmaking capacity, and the industry likely will have to lop half of it over the next 15 years, World Steel Association chairman Wolfgang Eder told The (London) Telegraph newspaper.

Global Steel Markets Bottoming Out, Says Mill Executive

16 November 2015 - An executive at Japan’s largest scrap-based steelmaker said the global market is hitting a pricing bottom, arguing that loss-making mills are going to be confronting their commercial limits, according to BloombergBusiness.

Steelmakers Press for Action Against China Imports

13 November 2015 - Unfairly traded steel products exported to North America pose a serious and immediate threat to the industry, the leaders of several steelmakers said on Thursday.

Industrial Cable Manufacturer Finalizes Acquisition, Looks to Grow in Latin America

13 November 2015 - U.S.-based TPC Wire & Cable Corp. has closed on its acquisition of its Mexican distributor, Enersave Wire & Cable, TPC has announced.

Canadian Iron Ore Miner Trims Payroll

12 November 2015 - Canada’s New Millenium Iron Corp., which is sitting one of the world’s largest undeveloped magnetic iron ore deposits, is laying off six full-time employees, about 25 percent of its workforce, the company has announced.

Steel Executive Expects China Production to Decline

12 November 2015 - Chinese steel production probably will fall 10 percent within the next decade, according to Shen Wenrong, chairman of Shagang Group, China’s largest privately owned steelmaker.

Japan's Kobe Steel Plans Capacity Increase at Wire Rod Processing Mill

10 November 2015 - Kobe Special Steel Wire Products Co. Ltd. said it will invest 1.3 billion yen in new pickling equipment and expects to boost capacity by about 40 percent per month.

Grupo Simec Plans to Invest US$600M in New SBQ Mill

10 November 2015 - Mexican special bar quality (SBQ) manufacturer Grupo Simec is planning to build a greenfield mini-mill capable of producing 600,000 tons of SBQ products per year, the company has announced.

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