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Industry
Latest News
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.
Canada Issues Final Determination in Plate Trade Case
09 December 2015 - The Canada Border Services Agency (CSBA) has issued its final determination in a trade case involving hot rolled carbon and high-strength, low-alloy steel plate from Russia and India, finding that those products have been dumped or subsidized.
Vietnamese Steelmaker Planning New 200K-Ton Rolling Mill
09 December 2015 - Vietnam’s Hoa Sen Group has been awarded an investment certificate for a new US$89-million cold rolling mill in the Binh Dinh province, according to The Saigon Times.
Hundreds Out of Work at ArcelorMittal Caribbean Steel Works
09 December 2015 - ArcelorMittal is laying off scores of workers at its Point Lisas steel works in Trinidad and Tobago after temporarily idling the operation in November, according to reports.
Butech Bliss Wins Order for Hydraulic Roller Leveler
08 December 2015 - U.S.-based Ferralloy Inc. is adding a Butech Bliss Synergy® hydraulic roller leveler to its Decatur, Ala., facility.
India Weighing Additional Levies on Imported Steel
08 December 2015 - India is considering additional trade measures to protect domestic steelmakers, the Reuters news service reported.
Chinese Steel Exports Surpass 100-Million Mark
08 December 2015 - China’s steel industry reached a milestone in November – for the first time it exported more than 100 million metric tons, reported BloombergBusiness.
Toolmaker Introduces New Cutter Material
07 December 2015 - German precision tooling manufacturer MAPAL has developed a new line of cutter material coated by way of chemical vapor deposition, the company has announced.
AISI Chief Executive Applauds New U.S. Transportation Plan, But Says More Work Is Needed
07 December 2015 - Passage of compromise bill on transportation funding is long overdue but will enable steelmakers and their customers to plan for the future, said American Iron and Steel Institute (AISI) president and CEO Thomas J. Gibson.
Newspaper: Three Firms Competing to Buy Tata Steel European Operation
07 December 2015 - A deal to acquire Tata Steel's European long products business could come as soon as this week, according to a report in The (London) Telegraph newspaper.
With No Alternative Plans in the Offing, Tata Steel Expected to Cut 720 Positions
04 December 2015 - Tata Steel and union representatives have failed to agree on a plan that would mitigate layoffs at its mini-mill operation in northern England, meaning that Tata likely will execute on its plan to cut 720 positions there and elsewhere, according to the The (London) Telegraph.
Chinese Mills Feeling Impact of Industry Downturn
04 December 2015 - Chinese mills in the Shanxi province are cooling blast furnaces and curtailing production due to weakening demand and crimped cash flows, according to the Reuters news service.
Allegheny Technologies Lockout Nearing Fifth Month
04 December 2015 - Specialty metals producer Allegheny Technologies Inc. (ATI) invested close to US$400,000 per job through its new hot rolled mill in southwestern Pennsylvania, according to Robert Wetherbee, ATI’s president of flat rolled products.
Italian Transformer Manufacturer Finalizes Acquisition
03 December 2015 - Italy’s Tamini Trasformatori Srl has closed on a deal to acquire transformer manufacturer Transformer Electro Service Srl (TES), the company has announced.
Continuous Casters Switched On at New Baosteel Facility
02 December 2015 - Two new continuous slab casters have been put into service at Baosteel’s Zhanjiang works in southern China, according to the supplier.
Kennametal Closes on Divestment of Plate Fabrication, Castings Businesses
02 December 2015 - Tooling maker Kennametal Inc. has completed the sale of several non-core businesses to Chicago-based Madison Industries, the company has announced.
Former Bethlehem Steel CEO Dies at 86
01 December 2015 - Walter F. Williams, an engineer who worked his way up the ranks of Bethlehem Steel and lead the company as its chief executive, has died. He was 86.
Index Shows U.S. Manufacturing Contracted in November
01 December 2015 - The overall U.S. economy grew during November, but the manufacturing sector contracted for the first time in three years, according to the Institute for Supply Management’s monthly Report on Business.
