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Latest News

voestalpine CEO: China Plant Construction Might Be Delayed

26 August 2015 - Austria's voestalpine might be hitting the pause button on plans to build a specialty steel mill in China, although it remains interested in expanding operations there, according to a Reuters interview with CEO Wolfgang Eder.

With Import Protections In The Offing, SAIL Considers Price Hike

26 August 2015 - Anticipating the imposition of a 10 percent protective duty on steel imports, Steel Authority of India Ltd. may raise prices early next month, according to Bloomberg TV India.

Tata Steel Halting Production at U.K. Strip Mill; 250 Jobs To Be Lost

26 August 2015 - Tata Steel's U.K. strip steel division is idling parts of a Welsh mill, blaming a surge of unfairly traded imports.

South Africa Expected To Impose Steel Tariffs

25 August 2015 - Heeding calls from labor groups and its steel industry, South Africa is planning to impose a 10-percent tariff on steel imports, according to Reuters.

China Moves Forward On Second Round Of Construction on Steel Works

25 August 2015 - In spite of lower demand and ample supply, China has begun the second phase of construction on a large, coastal mill in northern Hebei province, according to Reuters.

U. S. Steel Corp. Moving Non-Union Employees To Defined Contribution Retirement Plans

24 August 2015 - United States Steel Corp. is freezing pension benefits for non-union employees and intends to move them onto a 401(k) plan, the Pittsburgh Business Times reports.

Big River Steel Names New Chairman, CEO

20 August 2015 - Big River Steel, the new company building a US$1.3 billion mill in Arkansas, has named a new board chairman and appointed a new CEO following the sudden death of founder John Correnti, who held both of those positions. It also has named a new board director, the company has announced.

Steelmakers, Toyota Agree To Lower Sheet Prices

20 August 2015 - Major steelmakers that supply Toyota Motor Corp. have agreed to cut sheet steel prices on account of lower coal and iron prices.

Cliffs Natural Resources CEO: China Steel Exports Reach 'Crazy' Levels

20 August 2015 - Chinese-made steel exports are likely to surge to more than 100 million metric tons this year, Cliffs Natural Resources CEO Lourenco Goncalves told BloombergBusiness.

Steel Industry Veteran Executive John Correnti Dies Suddenly

19 August 2015 - Steel industry leader and visionary John Correnti, who was instrumental in establishing several new steel mills in the U.S., died suddenly in Chicago on 18 August. He was 68.

MSCI: July Steel Shipments Fall, Inventories Rise

18 August 2015 - U.S. and Canadian steel shipments declined 7 percent in July, dropping to 3.44 million tons, according to the Metals Service Center Institute.

Institute: Recent Trade Cases Could Have Broader Impacts on U.S. Economy

17 August 2015 - The American Institute for International Steel is weighing in with a few thoughts regarding the spate of trade cased filed by U.S. producers, saying the cases come with a few pitfalls that merit consideration.

With Contract Deadline Looming, Steelworkers Plan A Week of Rallies

17 August 2015 - Members of the United Steelworkers union are planning a week of rallies at U.S. Steel Corp. and ArcelorMittal facilities as it tries to negotiate a new labor deal with the companies by Sept. 1.

New U.S. OCTG Mill Begins Ramping Up Production

17 August 2015 - Seamless tubes have begun rolling off the line at Benteler Steel/Tube GmbH's new OCTG mill in Shreveport, La., USA, AMM reports.

Allegheny Technologies To Lock Out Workers

14 August 2015 - Specialty steelmaker Allegheny Technologies Inc. has given notice that it will lock out 2,200 workers at its plants beginning 15 August, a move that was immediately blasted by the United Steelworkers union.

ArcelorMittal Finalizes South Carolina Rod Mill Closure

14 August 2015 - ArcelorMittal has formally closed its Georgetown, S.C., wire rod mill, bringing to a close 46 years of steel production at the site.

Devalued Yuan Leads China Steel Producers To Cut Prices

14 August 2015 - With China having devalued its currency earlier this week, steelmakers there are already moving to reduce export prices, according to a Reuters report.

Negotiations Between Allegheny Technologies, Steelworkers Break Down

13 August 2015 - Labor talks between the United Steelworkers union and specialty steelmaker Allegheny Technologies Inc. apparently have broken down, with the union having let a company-mandated deadline to accept the new contract lapse.

Report: Indian Steelmaker Bidding On U.S. Steel Canada

13 August 2015 - India's Essar Steel Holdings is looking to acquire U.S. Steel Canada's operations, which are under creditor protection, according to a report in The Hamilton Spectator newspaper.

POSCO Looks To Establish Indian Mill Through JV

12 August 2015 - Two steel manufacturers are proposing to build a US$3 billion integrated plant in India that might one day produce 3 million tonnes annually, The Times of India reports.

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