Steel News

Improving Flat Rolled Market Lifts Profits at Steel Dynamics

18 July 2016 - Steel Dynamics Inc. saw its second-quarter profits more than double due in part to improving conditions in the flat rolled sector, the company said on Monday.

Tenaris to Open Canadian Service Center By Year's End

18 July 2016 - Oil country tubular goods manufacturer Tenaris plans to open a service center in Alberta, Canada, late this year in support of oil and gas drillers operating in the Duvernay and Montney shales, the company has announced.

Rotek Expands Seamless Ring Capacity

18 July 2016 - Thyssenkrupp’s Rotek Inc. said the installation of a new ring mill at its Aurora, Ohio, plant is on schedule and expects to put it into service on 1 September.

China Makes a Record Amount of Steel in June

15 July 2016 - Chinese steel mills produced crude steel at a rate of 2.32 million metric tons per day in June, making the month the busiest ever -- on a daily basis -- for the country’s steelmakers, reports the Bloomberg news service.

German Steelmaker Expands Capabilities With Bar Mill Improvements

15 July 2016 - SMS group has won a contract to expand a German special bar quality mill, the equipment maker has announced.

EVRAZ Begins Work on New Blast Furnace in Russia

15 July 2016 - Russia’s EVRAZ has begun building a US$170 million blast furnace at its Nizhny Tagil steel works, the company has announced.

Essar Minnesota Names New Chief Executive

15 July 2016 - Essar Steel Minnesota has named a new chief executive to help guide the company through Chapter 11 bankruptcy and to help it complete its US$1.9 billion taconite mine and pellet plant, reports the Minneapolis Star Tribune.

NAFTA Panel Mostly Rejects Mexican Challenge to U.S. Duty Order on Rebar

14 July 2016 - A North American Free Trade Agreement review panel has generally upheld a finding that U.S. producers had been harmed by unfairly traded Mexican rebar exports.

Investment Firm Drops Plan to Acquire Canadian Steelmakers

14 July 2016 - A New York-based private equity firm has backed out of a deal to buy Canada’s Essar Steel Algoma and reportedly has dropped a separate bid for another major Canadian steelmaker, U. S. Steel Canada.

Better Margins, Prices Expected to Boost BlueScope's Bottom Line

14 July 2016 - Australia’s BlueScope Steel Ltd. said it expects to beat its second-half earnings guidance due to higher margins in its U.S. businesses and greater Asian steel prices.

'We Must Fulfill the Plan to Cut Overcapacity of Steel,' Says China Economic Planner

14 July 2016 - Chinese officials reaffirmed the country's intentions to cut coal and steel production on Thursday as the American Iron & Steel Institute urged the U.S. government to vigorously enforce its trade laws.

China, U.S. Accuse Each Other of Violating WTO Commitments

13 July 2016 - China says it will fight a preliminary duty order on stainless sheet and strip, contending that the U.S. Commerce Department deliberately misinterpreted WTO rules, reports Xinhua, China’s official news agency.

Bull Moose Invests in Additional Sprinkler Pipe Capacity

13 July 2016 - Bull Moose Tube Co. is expanding its sprinkler pipe manufacturing capabilities, announcing that it will be adding assets from two newly acquired mills to its facilities in Georgia and Arizona.

Northwest Pipe to Curtail Water Pipe Capacity, Announces Plant Closure

13 July 2016 - Washington-based Northwest Pipe Co. is closing its Denver, Colo., facility in an effort to reduce its steel water pipe production capacity, the company has announced.

Steelworkers Union Rebuffs Would-Be Acquirer of Essar Algoma, Backs Competing Offer

12 July 2016 - The United Steelworkers union said it will not support Essar Steel Algoma’s tentative sale to a private equity firm and instead is pushing for an alternate deal, one with the steelmaker’s former owner.

Essar Minnesota Still Plans to Complete Minnesota Taconite Mine

12 July 2016 - Essar Steel Minnesota, which last week lost the public mineral leases related to the taconite mine and processing plant it has been building and filed for Chapter 11 bankruptcy, isn’t throwing in the towel.

U.S. Imposes Countervailing Duties on Stainless Sheet; Lifts Some Duties on Stainless Wire Rod

12 July 2016 - Chinese producers of stainless sheet and strip have been unfairly benefiting from government subsidies, the U.S. Commerce Department has ruled.

Tenaris Cuts the Ribbon on New Service Center

12 July 2016 - Tenaris ceremonially opened its first service center in Thailand on Tuesday, marking the start of operations at a facility meant to support Chevron’s offshore production.

No Guarantees That Port Talbot Works Will Be Saved, Says Tata Executive

11 July 2016 - Tata Steel cannot guarantee that the U.K.’s largest steelmaking facility has a future ahead of it, even if it is able to sign a joint venture agreement for its strip business, reports The Guardian newspaper.

Forecast: Basic Oxygen Furnaces May Lose More Ground to Their Electric Counterparts

11 July 2016 - The American steel industry’s energy consumption likely will decline over the next 25 years, and steelmaking will tip even more toward electric arc furnaces, according to a long-range forecast from the U.S. Energy Information Administration.