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Industry
Latest News
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.
Newly Acquired Long Products Business Names Three to Executive Team
04 May 2016 - Black Diamond Capital Management, the private equity firm that acquired much of ArcelorMittal’s U.S. long carbon business earlier this year, is assembling its new executive team and has appointed industry veteran Robert Simon to its helm.
Canadian Pipe Mill Undertakes Short-Term Layoffs
03 May 2016 - Evraz North America is laying off 90 employees at its 24-inch pipe mill in Regina, Canada, and may send home 49 others at its mill in Calgary, reports the Regina Leader-Post newspaper.
ArcelorMittal Plans Upgrades to Rail Mill
02 May 2016 - ArcelorMittal is modernizing its rail rolling mill in Spain in a bid to improve its flexibility and efficiency, the vendor on the project has announced.
Vallourec Completes Sale of Heat Exchanger Tube Business
02 May 2016 - French tubemaker Vallourec has closed on its divestment of its heat exchanger tube business, the company has announced.
Halliburton, Baker Hughes Call Off the Wedding
02 May 2016 - Oilfield services companies Halliburton and Baker Hughes Inc. have called off their multibillion merger amid the energy slump and opposition from regulators.
SSAB Trims Payroll In Sweden, Pares Office Jobs
02 May 2016 - Swedish steelmaker SSAB has concluded negotiations with employees over proposed layoffs and will cut 262 office jobs from its Nordic operations, the company has announced.
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