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SSAB Trims Payroll In Sweden, Pares Office Jobs
02 May 2016 - Swedish steelmaker SSAB has concluded negotiations with employees over proposed layoffs and will cut 262 office jobs from its Nordic operations, the company has announced.
Commercial Metals Marks Start of Oklahoma Mill Construction
29 April 2016 - U.S.-based Commercial Metals Co. broke ground on its new micro-mill in Oklahoma on Friday, kicking off a project that will help the company expand into five states.
ArcelorMittal, Steelworkers Union Come to Terms on New Labor Agreement
29 April 2016 - The United Steelworkers union has reached a tentative, three-year labor agreement with ArcelorMittal USA, the union has announced.
Stolen Data Helped Chinese Producer Quickly Commercialize Ultra High-Strength Steel, Alleges U. S. Steel
28 April 2016 - China broke into U. S. Steel's computer network and stole production research on its advanced steels, allowing at least one overseas producer to side-step years of work and quickly roll out ultra high-strength grades, U. S. Steel alleges in its Section 337 complaint before the U.S. International Trade Commission.
Metals Trader Completes Acquisition of Scottish Plate Mills
28 April 2016 - Metals trading firm Liberty House has closed on its acquisition of two Tata Steel plate mills in Scotland, the firm has announced.
Restructuring Costs, Production Disruptions Contribute to Allegheny Technologies' First-Quarter Loss
27 April 2016 - Specialty metals producer Allegheny Technologies Inc. posted a net loss of US$101.2 million due to the ongoing market downturn, restructuring costs and the disruption caused by its now-ended lockout of the United Steelworkers union.
Steel Manufacturers Association Announces Winners of Safety, Innovation Awards
27 April 2016 - The Steel Manufacturers Association has named Gerdau’s Midlothian, Texas, plant as the recipient of the Don B. Daily SMA Achievement in Safety, its highest safety award.
Losses Continue to Mount for United States Steel Corp.
26 April 2016 - United States Steel Corp. posted a first-quarter net loss of US$340 million on Tuesday and announced that it filed a Section 337 petition seeking to bar unfairly traded, Chinese-made steel products from entering the country.
Iranian Steel Exports Set New Record
25 April 2016 - Iran exported a record 4.1 million metric tons of steel in the previous Persian calendar year, reports Iran's FARS News Agency.
Nucor's First-Quarter Sales Slide, But Sees Better Times Ahead
22 April 2016 - Nucor Corp. saw its first-quarter sales decline by 16 percent, but the steelmaker said the market has begun to improve and is expecting much better results this quarter.
German Equipment Manufacturer Acquires Capco Machinery Systems
22 April 2016 - Germany’s Heinrich Georg GmbH is expanding its North American presence, acquiring roll grinder manufacturer Capco Machinery Systems for an undisclosed amount.
Electrode Maker Establishes Sales Office in Canada
22 April 2016 - Graphite electrode manufacturer SANGRAF International is opening a Canadian sales office and has hired an industry veteran to call on the electric arc furnace shops there, the company has announced.
Improvements in Flat Rolled Market Help Boost Steel Dynamics' Q1 Profits
21 April 2016 - U.S.-based Steel Dynamics Inc. doubled its first-quarter profits on greater shipments and improving market conditions, especially in its flat rolled business, the company reported Thursday.
Steel Developer Enters the AHSS Ring
21 April 2016 - An advanced materials company has delivered its first advanced high-strength steel (AHSS) to General Motors for initial testing, the company has announced.
ArcelorMittal Unveils Belgian Plant Upgrade
21 April 2016 - With the help of Belgian government leaders, ArcelorMittal ceremonially inaugurated a new EUR49 million walking beam furnace at its Gent facility.
U.S., E.U. Call for Market-Driven Restructuring of Steel
20 April 2016 - The European Union and seven countries, including the U.S., Canada and Mexico, have called for a market-driven restructuring of the world’s steel industry as the way to resolve the capacity crisis.
Allegheny Technologies Sheds 250 White-Collar Jobs
20 April 2016 - Specialty steelmaker Allegheny Technologies Inc. is laying off roughly one-third of the salaried employees in its flat rolled division, lopping 250 positions from its payroll, the company has announced.
POSCO to Open Wire Rod Processing Plant in Indiana
19 April 2016 - South Korea’s POSCO plans to build a US$19 million wire rod processing plant along the Ohio River in Indiana, according to an announcement by the state.
Steelmaking Countries Leave Brussels Without Agreement on Capacity Problem
19 April 2016 - The world’s largest steelmaking countries agree that there is more steel than the planet has use for, but they disagree on how to solve the problem and left a meeting in Belgium without having made any commitments to reduce it.
SSAB Revises Portfolio, Adds New Products
18 April 2016 - Sweden’s SSAB is revising its product portfolio, introducing new products and rolling out five new brand families that group products by their use.
