Steel News

U.S. Plate Producers File Trade Complaint Against 12 Countries

08 April 2016 - American steel producers are seeking trade actions against imported carbon and alloy cut-to-length plate from 12 countries, alleging that overseas manufacturers have been undercutting domestic prices.

Midrex Names New President, COO

08 April 2016 - Midrex Technologies Inc. veteran Stephen Montague has been named president and chief operating officer, the company has announced.

Report: Tata May Have Hard Time Finding Buyer for U.K. Business

07 April 2016 - After Tata Steel announced that it would look to divest its U.K. business last week, the hope has been for a quick sale to a buyer with a turn-around plan.

The Rest of World Should Cut Its Excess Capacity, Too, China Official Says

07 April 2016 - A Chinese steel official is throwing criticism of the country's steel industry back at the countries dishing it out, saying that mills in other parts of the world are struggling because they are uncompetitive, according to BloombergBusiness.

Australian Steelmaker Placed into Administration

06 April 2016 - Saddled with AUD$2.8 billion in debt, Australian iron ore miner and steelmaker Arrium has been placed into administration, according to reports.

Tata Steel to Start Formal Sales Process for U.K. Business Next Week

06 April 2016 - Tata Steel will launch the formal sales process for is ailing U.K. business on 11 April, according to a U.K. official.

U. S. Steel Is Letting Go of One-Fourth of its Nonunion Workforce in U.S.

06 April 2016 - United States Steel Corporation is cutting 25 percent of its nonunion payroll in the U.S., the steelmaker has confirmed.

Nucor Plans Upgrades to Alabama Sheet Mill

05 April 2016 - Nucor Corp. is spending approximately US$4.4 million to upgrade the pickling line at its Decatur, Ala., sheet mill, according to reports.

Chinese Steelmaker Bids on Serbian Mill

05 April 2016 - China's Hebei Iron & Steel Group has submitted a US$52.2 million offer for a nationalized steel mill in Serbia, according to Reuters news service.

'Several' Bids Made for Essar Steel Algoma

04 April 2016 - Canada’s Essar Steel Algoma said it is entering the second phase of its sales process with “several” preliminary bids on the table.

AK Steel Wins Safety Honors from Ohio Workers' Compensation Bureau

04 April 2016 - The state of Ohio has recognized AK Steel Corp.’s Zanesville Works for its safety performance during the previous 13 years, the company has announced.

Voestalpine Signs Another Customer for its Texas HBI

04 April 2016 - Voestalpine has found another taker for the hot briquetted iron it will be producing at its new direct reduction plant in Texas.

Could Two of Canada's Biggest Steelmakers Join Forces? Possibly, Newspaper Says

01 April 2016 - Preliminary bids are due today, 1 April, from investors interested in Essar Steel Algoma, a Canadian plate and sheet producer that entered creditor protection last year.

ArcelorMittal Idles Indiana Hot Strip Mill

01 April 2016 - In the latest of it capacity-cutting efforts, ArcelorMittal has shut down the 84-inch hot strip mill at its Indiana Harbor facility in Indiana, a union official tells The Times newspaper of northwest Indiana.

Report: Tata Steel, thyssenkrupp Might Bring European Operations Together

01 April 2016 - As India’s Tata Steel looks to exit the United Kingdom, it’s reportedly considering a new direction for its other European assets.

Primetals, Iran to Collaborate on Nearly EUR2 Billion in New Steel Projects

01 April 2016 - Primetals Technologies and Iran’s Fakoor Sanat Teheran Engineering Co. have signed an agreement to collaborate on a variety of steel-related projects estimated to be worth more than EUR1.8 billion, the company has announced.

With Profits Scarce, Steelmaking Has Entered an Ice Age, Says Producer

31 March 2016 - The world’s steel companies have entered an “ice age,” a Chinese steelmaker said in announcing a US$710 million net loss in 2015, reports BloombergBusiness.

Steel Technologies Expands Footprint, Announces New Tennessee Facility

31 March 2016 - Flat rolled processor Steel Technologies LLC plans to invest US$18 million in a new facility housing a slitting line and a 1,000-ton blanking press, the company has announced.

South Korean Steelmaker Completes Upgrades to Reversing Mill

31 March 2016 - Hyundai Steel Co. has restarted a tandem reversing mill at its Pohang works following a monthlong outage for a modernization project.

Indian Officials Extend Safeguard Duty for Two More Years

30 March 2016 - India is extending a six-month safeguard duty it imposed last year on hot rolled coils, the Central Board of Excise and Customs has announced.