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Industry
Latest News
Steel Industry Urged to Embrace Innovation, and Quickly
17 May 2016 - United States Steel Corporation chief executive Mario Longhi issued a challenge to the steel industry, saying that it must innovate or run the risk of being displaced by other materials.
Rainfall Hampers Start of Work on New Mill
17 May 2016 - Construction on Commercial Metals Company’s new micro-mill in Oklahoma is off to a soggy start.
UAE Investment Firm Plans New Rebar Mill
17 May 2016 - An investment firm that is partly owned by the United Arab Emirates has signed an agreement to build a 300,000 metric ton rebar plant, reports The National newspaper.
Refractories Manufacturer Looks Overseas for Growth
16 May 2016 - Pittsburgh, Pa.-based refractory maker HarbisonWalker International has taken a few more steps to reorganize itself following its exit from asbestos-related bankruptcy, hiring a new chief technical officer, revealing its intent to expand overseas and unveiling a rebranding effort.
Japan's No. 1 Steelmaker Strikes Deal to Buy Out Its No. 4 Rival
16 May 2016 - Japan’s largest steelmaker is acquiring a majority stake in the country’s fourth-largest producer, Nisshin Steel Co., as a defense against the supply glut, reports The Japan Times.
Terex Cancels Merger With Konecranes, But Strikes a Different Deal
16 May 2016 - U.S.-based Terex Corp. has halted its planned merger with Finland’s Konecranes Oyj, but will instead sell its materials handling and port solutions business to Konecranes in a deal valued at approximately US$1.28 billion, according to reports.
Producers, Buyers Ask U.S. Trade Commission to Quash U.S. Steel Complaint
15 May 2016 - China’s second-largest steelmaker – and some U.S. buyers – have told the U.S. International Trade Commission that it should reject United States Steel Corporation’s petition to bar imports of Chinese-made steel from entering the country, according to reports.
AIST's Annual Trade Show to See One of Its Best Turnouts
15 May 2016 - More than 7,500 people are expected to attend the Association for Iron & Steel Technology’s annual conference and exposition, AISTech, which informally opened Sunday in Pittsburgh, Pa.
G7 to Address Excess Steel Capacity
15 May 2016 - The world’s seven wealthiest countries may adopt measures to address the global steel glut during their upcoming summit in Japan, according to the Reuters news service.
G7 to Address Excess Steel Capacity
15 May 2016 - The world’s seven wealthiest countries may adopt measures to address the global steel glut during their upcoming summit in Japan, according to the Reuters news service.
(UPDATE) Nucor to Open New Joist, Decking Facility in Canada
15 May 2016 - Nucor Corp.'s joist and decking unit is setting up a fabrication shop in Canada and plans to begin producing products later this year, the company has announced.
Automaker, Supplier Honored for AHSS-Based Rear Frame That Sheds Weight, But Not Safety
11 May 2016 - The Steel Market Development Institute has recognized Honda’s North American research and development unit and automotive parts manufacturer Gestamp for their work on a project incorporating advanced, high-strength steel into hot-stamped rear frames for the Honda Civic.
Steel Prices Rebound, and Chinese Mills Restart
11 May 2016 - As steel prices rebound, Chinese mills that were shut down are returning to life and resuming production, despite global wishes for the country to cut its excess capacity.
Tata Sets its Eye on Seven Bids -- Maybe More -- for U.K. Business
11 May 2016 - Seven preliminary offers for Tata Steel’s U.K. business have passed an initial review and will receive further consideration from the company. And it may add others to the list, Tata has announced.
Steel Associations Urge China to Continue Discussing Global Excess Capacity
09 May 2016 - Ten steel associations in North and South America and Europe said they are disappointed that China declined to commit to further action on its excess steelmaking capacity, but are urging the country to be involved in future conversations on the topic.
Steel Companies Look to Buy Italian Steel Works
09 May 2016 - Italian steel processor Marcegaglia Group and ArcelorMittal have made an offer for the Ilva mill, Italy’s largest steel works, reports the Reuters new agency.
Two Teams Vying for Tata Steel's U.K. Business
09 May 2016 - The deadline to submit preliminary offers for Tata Steel's U.K. division has passed, and details of the two investment teams looking to buy the operation have emerged.
ArcelorMittal Sees Another Quarter in the Red
06 May 2016 - The world's largest steelmaker posted another unprofitable quarter on Friday, recording a net loss of US$416 million due to low steel prices.
India Considers Plan to Steer Capital to Steelmakers
06 May 2016 - The Indian government is thinking about establishing steel-specific investment fund that would help support capital projects, reports The (India) Economic Times.
American Iron and Steel Institute Names New Chairman
05 May 2016 - Nucor Corp. chairman and chief executive John Ferriola has been named chairman of the American Iron and Steel Institute.
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