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Latest News

Cargill Sells Stake in USA Mini-Mill

29 October 2015 - Cargill Inc. is selling its interest in its mini-mill joint venture to partner BlueScope Steel for $720 million, the company has announced.

Analyst: U.S. Integrated Mills Now Among the Costliest Operations

27 October 2015 - Falling prices of seaborne coking coal and iron ore, along with other factors, have pushed America's integrated steel mills up the global cost curve, CRU senior consultant Adrian Doyle said on Tuesday.

Infrastructure Spending Not a Panacea for Steel Demand, Says SDI Executive

26 October 2015 - Despite a school of thought that says otherwise, an increase in public spending on America's crumbling infrastructure likely won't do much to lift steel demand, according to Steel Dynamics Inc. (SDI) Vice President Christopher A. Graham.

Analyst: Chinese Steel Demand Will Again Grow, But at a Much Slower Pace

26 October 2015 - The best days of Chinese demand for steel may be over, but it will likely resume growth in the next decade, according to CRU research manager Chris Houlden.

Have Assets for Sale? Nucor Might Be Interested in Hearing From You

26 October 2015 - With access to more than $3 billion in cash in credit, Nucor Corp. is in a good position to make opportunistic acquisitions in a challenging market, CEO John Ferriola said on 26 October.

Outokumpu Divests Majority Interest In China Joint Venture

21 October 2015 - Stainless producer Outokumpu is divesting most of its stake in its Shanghai Krupp Stainless Co. Ltd. joint venture in China, the company has announced.

Tangshan Iron and Steel Expanding Cold Rolling Mill

21 October 2015 - China's Tangshan Iron and Steel Group Co. Ltd. has awarded Primetals Technologies an order for two continuous galvanizing lines at its Tangshan plant in Hebei Province, Primetals has announced.

Universal Stainless' Net Sales Expected to Drop 19 Percent

16 October 2015 - Specialty steelmaker Universal Stainless & Alloy Products Inc. said that it expects to record a third-quarter loss of US$2.40 to US$2.45 per share, partly on account of costs associated with throttling back production.

AK Steel Temporarily Idles Kentucky Steel Works

16 October 2015 - U.S.-based AK Steel Corp. is idling the blast furnace and other steelmaking operations at its Ashland Works in Kentucky, the company has announced.

Trading Firm Restarts Idled Rolling Mill

16 October 2015 - A metals trading firm is re-opening an idled Welsh rolling mill and plans to produce 50,000 metric tons of hot rolled coil per month, according to reports.

Court to Reconsider Whether 'Secret' Deal Between U. S. Steel, Canadian Government Can Be Made Public

15 October 2015 - The Canadian courts will be taking a look at whether a 4-year-old deal between United States Steel Corporation and the Canadian government can remain confidential.

SSAB Rolling Out New Advanced Steels

14 October 2015 - SSAB is introducing several new steel grades intended for the automotive industry, the Swedish steelmaker has announced.

China Loses Appeal On Trade Ruling

14 October 2015 - The World Trade Organization (WTO) has rejected China’s appeal on a ruling over its use of anti-dumping duties against Japanese- and EU-made high performance, seamless stainless tube.

Indian Blast Furnace Restarted Following Accident

12 October 2015 - JSW Steel’s Salem works in Mecheri, Tamil Nadu, India, has restarted operations after being ordered closed following an accident in September, according to reports.

Indian Tube Manufacturer To Double Capacity at New Plant

12 October 2015 - India’s Rama Steel Tubes Ltd. has begun expanding its Khopoli plant in Maharashtra, a project that will double its capacity to make mild steel tube, the company has announced.

Judge OKs U. S. Steel's Divorce From Its Canadian Operation

12 October 2015 - A Canadian judge has approved the split between United States Steel Corporation and its Canadian subsidiary, U. S. Steel Canada Inc. (USSC).

Analyst: Despite Cost-Cutting Measures, Steel Works Unlikely to Remain Open

09 October 2015 - Wage freezes and layoffs will delay, but likely won’t prevent, the eventual closure of BlueScope Steel Ltd.’s Port Kembla works, according to a Deutsche Bank analyst.

Home Is Where the Heart Is, and for Some, It’s in a Big Steel Box

09 October 2015 - A Dutch architect said he expects to see more housing projects built from a re-purposed steel product – shipping containers.

ArcelorMittal Plans Upgrades to Canadian Bar Mill

09 October 2015 - ArcelorMittal Montreal will spend CA$27 million to update the finishing line at its Longueuil bar mill, boosting the mill's capacity by 25%, the company has announced.

Research Team Awarded Inaugural T.C. Graham Prize

08 October 2015 - A team of Canada-based researchers has been awarded the Association for Iron & Steel Technology’s inaugural T.C. Graham Prize, the association has announced.

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