Steel News

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.

AIST Foundation Announces Student Video Contest Winners

18 April 2016 - Students from five high schools and universities have been named winners of the AIST Foundation’s annual marketing video contest.

Chinese Steelmaker Signs Agreement to Buy Serbian Mill

18 April 2016 - China’s Hebei Iron and Steel Group has signed an agreement to buy an unprofitable steel mill in Serbia, according to reports.

ThyssenKrupp CEO: We Want to Be a Part of European Steel Consolidation

15 April 2016 - If thyssenkrupp chief executive Heinrich Hiesinger had his druthers, the company would take part in a consolidation of Europe’s steel industry, perhaps getting together with Tata Steel’s European operation.

ArcelorMittal, voestalpine Teaming Up to Market New Automotive Steel

15 April 2016 - Voestalpine and ArcelorMittal have signed an agreement to jointly market a new line of galvanized press-hardened steels intended for hot-formed automotive components, ArcelorMittal has announced.

Kentucky Hopes to Prompt AK Steel to Relight Ashland Blast Furnace

15 April 2016 - Kentucky Gov. Matt Bevin has signed a bill meant to entice flat rolled maker AK Steel Corp. to relight the blast furnace at its Ashland Works, according to the Associated Press.

The Techs Engineer Named ASTM Committee Chair

15 April 2016 - Margaret A. Farabaugh, a technical services engineer for hot-dipped galvanizer The Techs, has been named chairperson of ASTM international committee A05 on metallic-coated iron and steel products, the standards maker has announced.

Voestalpine Commissions New Sound-Based Monitoring System

14 April 2016 - Austria’s voestalpine has installed a new acoustic-based monitoring system at a secondary dedusting plant at its Linz mill, the vendor on the project has announced.

China Agrees to End Subsidy Program; Steel Executives Press for Aggressive Enforcement of Trade Laws

14 April 2016 - The U.S. has signed an agreement with China to end a disputed program that subsidized Chinese exports from seven sectors, one of which includes specialty steel.

U.S. Toolmaker Expects New Marketing Opportunities Through European Acquisition

14 April 2016 - U.S.-based toolmaker Allied Machine & Engineering Corp. has closed on a deal to acquire the remaining interests in its European subsidiary, Allied Maxcut Engineering Co. Ltd. U.K., the company has announced.

Mill Steel Names New President

12 April 2016 - U.S.-based steel distributor Mill Steel Co. has promoted Pam Heglund as president, the company has announced.