Steel News

Danieli Wins Order for Canadian Bar Mill Upgrades

17 March 2016 - Danieli has been awarded a contract to install a new finishing end at ArcelorMittal’s Longueuil bar mill in the Canadian province of Quebec, the mill builder has announced.

Chinese Steelmaker Accepts New Continuous Caster

17 March 2016 - China’s Hebei Puyang Iron and Steel Co. Ltd. has signed the final acceptance certificate for its new single-strand slab caster, according to the equipment manufacturer.

U.S. Manufacturers Pushing to Deny China Market Economy Status

17 March 2016 - The American Iron and Steel Institute, along with The Aluminum Association and five other U.S. manufacturing groups, have launched a campaign to oppose granting China market economy status.

JSW Steel Lights Rebuilt Blast Furnace

16 March 2016 - SMS group subsidiary Paul Wurth group has finished rebuilding a JSW Steel blast furnace, concluding a project that nearly doubled the furnace’s annual production capacity.

Steel Dynamics Sees Some Market Improvement, And Profitability

16 March 2016 - U.S.-based Steel Dynamics Inc. said some market aspects have improved and expects to report first-quarter earnings of between 22 and 26 cents per diluted share, exceeding analysts’ estimates.

U.S. Announces Anti-Dumping Margins on Imported Hot Rolled Steel

16 March 2016 - The U.S. Commerce Department has set preliminary anti-dumping margins on hot rolled steel from seven countries, the department announced 15 March.

Strike Ends at ArcelorMittal Steel Works

15 March 2016 - ArcelorMittal has reached an agreement with striking workers at its Lazaro Cardenas steel works in Mexico, according to reports.

Falling Prices, Shipments Push U. S. Steel Canada Deep Into the Red

15 March 2016 - U. S. Steel Canada (USSC) posted a CAD144 million (US$107.8 million) operating loss in 2015 due to lower shipments and declining prices, according to a court filing.

AK Steel CEO: We're Focused on Idea Generation

15 March 2016 - How do you win a down market? AK Steel Corp.’s new CEO has five ways.

Steel Imports Have Declined Slightly, Market Has Improved Modestly, Nucor Says

15 March 2016 - Nucor Corp. said its mills are benefiting from “modest” market improvements and expects to post a first-quarter profit of between 20 and 25 cents per share later this spring.

Cliffs Natural Resources to Resume Production at Idled Iron Ore Mine

14 March 2016 - Seeing some improvement on the horizon, Cliffs Natural Resources is restarting its idled Northshore Mining operation in Minnesota, the company has announced.

Tata Steel Eyes September Commissioning for New Steel Works

14 March 2016 - India’s Tata Steel is bringing up its new Kalinganagar steel works in the state of Odisha and plans to have it fully commissioned by September, company officials said.

American Industries Bought Less Electricity in 2015, Says EIA

14 March 2016 - For the fifth year in the past eight, U.S. electricity sales have fallen, with declining industrial demand partly to blame, according the U.S. Energy Information Administration.

Deutsche Bank Plans to Reduce Credit Exposure to Steel, Mining Industries

14 March 2016 - The downturn in the steel and mining industries is prompting Germany’s largest bank to pull back on its lending to those areas.

Deadline Nearing for Sale of Tata Steel Europe Long Products Business

11 March 2016 - Talks between investment firm Greybull Capital and Tata Steel over the sale of its European long products business are continuing, but the steelmaker is sticking to a self-imposed deadline to strike a deal, reports the U.K.’s Mirror tabloid.

Keystone Steel & Wire Adds 1080 Wire Rod to Product Portfolio

10 March 2016 - U.S.-based Keystone Steel & Wire has begun manufacturing and selling high-carbon wire rod for use as pre-stressed concrete strand, the company has announced.

Workers Vote Down Arrium Request for Pay Concessions

10 March 2016 - Approximately 400 unionized iron ore miners at Australia’s Arrium have rejected the company’s request for wage concessions, saying they won’t agree to it until the company provides a clear financial plan for continuing operations, according to Australian broadcaster ABC.

China's Planned Capacity Cuts Aren't Enough, says Veteran Steelmaker

10 March 2016 - China’s plan to shutter 100 million to 150 million metric tons of steelmaking capacity won’t be enough to restore balance to the sector, Zhang Wuzong, chairman of privately owned Shandong Shiheng Special Steel Group told, the Reuters news service.

China Intends to Idle More than 200 Mills in its Steelmaking Center

09 March 2016 - The Hebei province, China's steelmaking heartland, will close 60 percent of its steel mills by 2020 as part of the country's effort to curb excess capacity, reports Chinese business and finance magazine Caixin.

Paul Wurth Wins Order for Blast Furnace Charging System

09 March 2016 - South Korea’s POSCO has ordered a new charging system for the No. 3 blast furnace at its Pohang works, according to the vendor on the project.