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Latest News

POSCO Returns to Steel Roots With "Aggressive" Cutbacks

20 July 2015 - As reported by Bloomberg, Posco pledged to halve its domestic operations and cut overseas units by 30 percent as South Korea’s biggest steel producer focuses on its main business of making the metal.

Nick Grasberger, Harsco President and CEO, to Lead Metals & Minerals on an Interim Basis; Company Announces Q2 Earnings Guidance

20 July 2015 - Harsco Corporation announced that Nicholas Grasberger, the Company's President and Chief Executive Officer and member of the Board of Directors, will assume the leadership of the Harsco Metals & Minerals segment on an interim basis effective immediately, following the departure of Metals & Minerals President Richard Lundgren to pursue other opportunities.

Insteel Industries Reports Third Quarter Financial Results

20 July 2015 - Insteel Industries, Inc. announced financial results for its third quarter ended June 27, 2015.

Mexico Imposes Tariffs on Steel From Spain, U.S. and India

17 July 2015 - As reported by Reuters, Mexico has imposed provisional import duties on carbon steel tubing with seams from the United States, Spain and India, as it investigates possible dumping.

AISI: Weekly Raw Steel Production Ticks Up 3.3% From Prior Week

17 July 2015 - The American Iron and Steel Institute released their weekly U.S. Raw Steel Production statistics for the week ending 11 July.

Technical Collaboration Delivers Insight on Steel Mill Roll Lubrication

17 July 2015 - Quaker Chemical Corporation introduced roll lubrication to the 4-high Steckel mill at Nucor Steel Tuscaloosa Inc., which resulted in advantages such as significant extension to roll service life and a notable reduction in mill torque.

Tezcan to Produce First Galvalume® Line in Turkey

17 July 2015 - Tezcan Galvanizli Yapi Elemanlari Sanayi Ve Ticaret A.Ş. contracted Danieli Wean United to supply a new galvanizing line dedicated to Al-Zn production and new X-Jet Air Wiping Equipment for existing HDGL to be installed in their facility in Kocaeli, Turkey.

Gerdau Announces Project Gerdau 2022 Corporate Restructuring Plan

16 July 2015 - On 14 July, Gerdau S.A. announced a sweeping corporate restructuring plan to respond to market changes and consolidate ownership of its South American, North American and Brazilian operations.

EUROFER Releases Statement on Proposed Revisions to the European Union's Emissions Trading Scheme

16 July 2015 - The European Steel Association (EUROFER) reacted to the official publication of the Commission proposal on the revision on the EU’s Emissions Trading Scheme (EU ETS) in a press release on 15 July.

TMK Ipsco Temporarily Lays Off 75 Works at Blytheville, Ark., PLant

16 July 2015 - According to a report by news station KAIT, More than 75 employees were temporarily laid off at TMK Ipsco's operations in Blytheville, Arkansas after they were warned of the possibility 2 months ago.

Falcon Steel Boosts Transmission Pole Production

16 July 2015 - Falcon Steel is expanding its in-house transmission pole production capacity to meet increasing demand for steel pole structures in power delivery applications.

Vallourec Star Cutting 60-80 Jobs At Youngstown Plant

15 July 2015 - According to a report by the Youngstown Vindicator, Vallourec Star will cut 60 to 80 jobs at its Youngstown, Ohio, USA plant in early August because of weak demand in the oil and gas market.

Steel Associations From Six Latin American Countries Join to Urgently Request Their Governments to Ensure Fair Trade in the Region

15 July 2015 - On 13 July, eight national and regional associations of the Latin American steel industry published in newspapers of Argentina, Brazil, Chile, Colombia, Mexico and Peru, an Open Letter that calls governments of the region to act urgently to ensure level playing field for steel trade, particularly with China.

Synalloy Names New Chief Financial Officer

15 July 2015 - Synalloy, a company that engages in a number of diverse business activities including the production of stainless steel pipe, fiberglass and steel storage tanks, and specialty chemicals and the master distribution of seamless carbon pipe and tube, is pleased to announce that effective immediately, Dennis M. Loughran has joined the company as Senior Vice President and Chief Financial Officer.

Three Dead, Six Injured in Explosion at Esfahan Steel Co. in Iran

15 July 2015 - At least three workers were killed and six others were injured on 9 July in an explosion at Iran's largest steel producer, a factory official said.

ArcelorMittal, Lanzatech and Primetals Technologies Announce Partnership to Construct Breakthrough €87million Biofuel Production Facility

14 July 2015 - ArcelorMittal, the world’s leading steel and mining company, LanzaTech, the carbon recycling company, and Primetals Technologies, a leading technology and service provider to the iron and steel industry today announce they have entered into a letter of intent to construct Europe’s first-ever commercial scale production facility to create bioethanol from waste gases produced during the steelmaking process.

Simon Wandke Promoted to CEO of ArcelorMittal Mining

14 July 2015 - ArcelorMittal, the world’s leading steel and mining company, announced that Simon Wandke has been nominated Executive Vice President of ArcelorMittal and promoted to Chief Executive Officer of ArcelorMittal Mining, with immediate effect.

ArcelorMittal Launches New Generation of Wider Sheet Piles

13 July 2015 - ArcelorMittal has announced the launch of a new range of wider sheet pile sheet pile line: AZ®20-800 and AZ 25-800.

Italy's Ilva to Re-Open Steel Furnace After Environmental Work

13 July 2015 - According to Reuters, Italy's Ilva steelworks, the largest in Europe by output capacity, will re-open the third of its five furnaces next month after a year's inactivity due to environmental problems, the company told trade unions on Wednesday.

AMERICAN Steel Pipe's $70-Million Expansion Complete

13 July 2015 - AMERICAN Steel Pipe, a division of AMERICAN Cast Iron Pipe Company, announces completion of its new, 150,000-square-foot steel pipe processing facility.

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