Steel News

Overseas Cold Rolled Producers Benefiting From Unfair Subsidies, U.S. Commerce Department Rules

17 December 2015 - The U.S. Department of Commerce has preliminarily ruled that cold-rolled flat steel products from China, India, Brazil and Russia are benefiting from unfair government subsidies and set duties ranging from zero to 227.3 percent.

Nucor Awards Contract for Rod Mill Upgrades

17 December 2015 - Primetals Technologies has won a contract to upgrade coil handling equipment at Nucor Corp.'s Norfolk, Neb.,USA, coiled bar and wire rod mill, the company has announced.

Consolidated Systems Carves Up Processing Business

16 December 2015 - North America’s largest independent coil coater has acquired the coating and processing assets of Consolidated Systems Inc.’s Consolidated Metal Products unit.

ArcelorMittal Americas CEO Stepping Down in February

16 December 2015 - ArcelorMittal Americas CEO Lou Schorsch has announced that he will retire in February 2016, prompting the world’s largest steelmaker to reorganize its top management in the two continents.

Top ArcelorMittal Executive To Retire in 2016

16 December 2015 - Longtime ArcelorMittal executive Bhikam Agarwal is retiring at the end of February 2016, the company has announced.

One Chinese Leader's Solution to Steel Glut? Require Builders to Use More of It

16 December 2015 - Chinese government leaders might be considering a policy that would increase – perhaps triple — the amount of steel used in housing construction as a way to soak up excess steel supply, according to BloombergBusiness.

India Imposes Import Duties on Stainless Products

15 December 2015 - India has imposed an anti-dumping duty on cold rolled stainless flat products from China, the European Union, the United States and other countries to protect domestic manufacturers.

Outotec Finalizes Acquisition of South Africa's Sinter Plant Services

15 December 2015 - Outotec has closed on a deal to buy Sinter Plant Services CC in South Africa, the company has announced.

Upgrades to OneSteel Wire Rod Mill Pass Muster

15 December 2015 - Australia’s OneSteel Market Mills has issued a final acceptance certificate for upgrades to its Laverton wire rod mill, according to the contractor on the project.

Russian, Chinese Steel Exports to EU Now Under Registration Order

15 December 2015 - The European Commission has imposed a registration order on imports of Chinese and Russian cold rolled flat steel, according to the Reuters news service.

Tenaris Opens New Service Center in Argentina

14 December 2015 - OCTG manufacturer Tenaris has opened a new service center in Senillosa, Neuquén, Argentina, to better serve customers in Latin America’s largest shale play.

AK Steel to Begin Winding Down Ashland Works

14 December 2015 - AK Steel Corp. is to begin sending home employees at its Ashland, Ky., USA, works Christmas week, according to the Dayton Daily News.

Partnership Hopes to Roll Out New Metalworking Lubricants

14 December 2015 - Metalworking fluids manufacturer Houghton International is teaming up with SMS group to make new and advanced metal rolling oils, the companies have announced.

Union Reviewing New U. S. Steel Contract Proposal

14 December 2015 - Leaders of the United Steelworkers union are meeting in Pittsburgh, Pa., USA, this week to discuss a new comprehensive proposal from United States Steel Corporation.

Outokumpu Sheds Majority Stake in Joint Venture

11 December 2015 - Finland’s Outokumpu has completed the divestment of most of its stake in its Chinese joint venture, Shanghai Krupp Stainless Co. Ltd. (SKS), the company has announced.

U. S. Steel's Granite City Works To Close in Mid-February, Union Official Says

11 December 2015 - United States Steel Corporation will begin winding down its Granite City Works in Illinois later this month, with workers beginning to be sent home on 27 December, according to the Belleville News-Democrat newspaper.

High Imports and Low Prices Prompt Allegheny Technologies to Idle Two Mills

11 December 2015 - Citing the abundance of low-cost imports and depressed steel prices, stainless and specialty steel producer Allegheny Technologies Inc. is indefinitely idling two of its western Pennsylvania plants.

Canadian Ore Producer Delists Shares on OTCQX Exchange

10 December 2015 - Canada’s New Millenium Iron Corp. is voluntarily delisting its common shares on the OTCQX International exchange, the company has announced.

Window Screen Manufacturer Acquires New York Wire for US$8.8 Million

10 December 2015 - A mesh and screen manufacturer is acquiring the U.S. assets of bankrupt New York Wire in a cash deal, the company has announced.

Primetals Completes Caster Modernization at German Slab Mill

10 December 2015 - Primetals Technologies has completed upgrades to the second strand of a twin-slab continuous caster in Germany, Primetals has announced.