Steel News

Thailand’s SSI Enters Bankruptcy, Liquidates British Steel Works

06 October 2015 - Thailand's top steelmaker has declared bankruptcy as it liquidates its U.K. steel division.

Austrian Equipment Manufacturer Secures Record Order

06 October 2015 - Austria's BRAUN Maschinenfabrik GmbH has received an order for six high-performance, abrasive cut-off machines and associated equipment, the largest in its 167-year history, the company has announced.

Rizhao Steel Achieves Production Goal, Makes First Ultra-Thin Strip

05 October 2015 - China's Rizhao Steel Group Co. Ltd. has successfully rolled ultra-thin hot strip, achieving its target thickness of 0.8 mm at a new plant, according to the vendor on the project.

Analysts Expect Chinese Steel Exports to Plateau by 2020

05 October 2015 - JPMorgan analysts said they believe Chinese-made steel exports will be leveling off, capped by a wave of protectionist trade measures, reports BloombergBusiness.

Russia’s NLMK Upgrades Italian Plate Mill

01 October 2015 - NLMK has completed a round of upgrades to the press at its Verona, Italy, plate mill, the company has announced.

Union: Discussions Over U. S. Steel Canada's Future Ongoing

30 September 2015 - Mediated talks between United States Steel Corporation , the United Steelworkers union and others over the future of its Canadian operations are continuing behind closed doors, according to The Canadian Press news service.

U.S. Producers Seeking Protection for Welded Stainless Pressure Pipe

30 September 2015 - American producers of welded stainless pressure pipe are accusing their Indian counterparts of dumping products, thereby impacting volume, pricing and profits.

Update: Mexico Imposing Additional Trade Protections for Domestic Steelmakers

30 September 2015 - Mexico is increasing duties on a variety of steel products, hoping to shield domestic producers from inexpensive imports from China and other countries.

Stainless Steel Manufacturer Sells Stake in Tube Business

30 September 2015 - Outokumpu is divesting its stake in its Mexican stainless tube joint venture for US$63 million and will use the proceeds to pay down debt, the company has announced.

Larger Overseas Investments May Be in Nippon Steel’s Future

29 September 2015 - Tokyo-based Nippon Steel & Sumitomo Metal Corp. has an eye out for merger and acquisition opportunities as it looks to expand its global customer base, company president Kosei Shindo told Reuters during an interview.

Pakistani Rebar Manufacturer Triples Production Capacity With New Mill

29 September 2015 - Primetals Technologies has won an order to design and outfit a bar mill for Pakistan’s Amreli Steels Ltd., the company has announced.

ArcelorMittal to Spend EUR100 Million on Coke Oven Rebuild

28 September 2015 - ArcelorMittal will spend EUR100 million to rebuild two coke oven batteries at a Spanish steel works, ensuring compliance with environmental laws, the company has announced.

Special Steel Manufacturer Put Into Administration

28 September 2015 - A U.K. special steel manufacturer has been placed in the hands of a court-appointed administrator while a buyer is sought for the business.

Nucor-Yamato Announces US$75 Million Beam Mill Upgrade

28 September 2015 - Nucor-Yamato Steel Co. plans to spend US$75 million on incorporating a new production process into its Blytheville, Ark., USA, plant, expanding its product offerings.

U.K.’s Second-Largest Steelmaker Closing English Steel Works

28 September 2015 - Thailand’s Sahaviriya Steel Industries (SSI) said it will mothball its Redcar steel works in Teesside, England, and lay off approximately 1,700 employees -- most of its workforce.

U.S. Trade Commission Pursues Cold Rolled Import Investigation

25 September 2015 - Producers from seven countries appear to be selling hot rolled coil at less than market value, undercutting American producers, the U.S. International Trade Commission (ITC) has ruled.

As SSI Falters, U.K. Steelmakers Ask for Government Support

25 September 2015 - British steelmakers and labor unions have called on government to offer more help to the industry in the wake of the production halt at SSI UK’s Redcar mill.

ArcelorMittal Adding Products Through Tube Plant Expansion

25 September 2015 - ArcelorMittal is undertaking a US$11.1 million expansion of its Monterrey, Mexico, tube plant, allowing it to add to its product offerings for the North American automotive market, the company has announced.

Steelworkers, U. S. Steel and ArcelorMittal Returning to Bargaining Table

23 September 2015 - Contract negotiations between the United Steelworkers union and ArcelorMittal and United States Steel Corporation are to resume next week.

Indian Steel Ministry Asks Producers to Consider Iranian Investments

22 September 2015 - India’s steel ministry has asked domestic producers to consider making capital investments in Iran, which is extending its rail network and expanding ports and highways, according to The Indian Express newspaper.