Industry
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Industrial Cable Manufacturer Finalizes Acquisition, Looks to Grow in Latin America
13 November 2015 - U.S.-based TPC Wire & Cable Corp. has closed on its acquisition of its Mexican distributor, Enersave Wire & Cable, TPC has announced.
Canadian Iron Ore Miner Trims Payroll
12 November 2015 - Canada’s New Millenium Iron Corp., which is sitting one of the world’s largest undeveloped magnetic iron ore deposits, is laying off six full-time employees, about 25 percent of its workforce, the company has announced.
Steel Executive Expects China Production to Decline
12 November 2015 - Chinese steel production probably will fall 10 percent within the next decade, according to Shen Wenrong, chairman of Shagang Group, China’s largest privately owned steelmaker.
Japan's Kobe Steel Plans Capacity Increase at Wire Rod Processing Mill
10 November 2015 - Kobe Special Steel Wire Products Co. Ltd. said it will invest 1.3 billion yen in new pickling equipment and expects to boost capacity by about 40 percent per month.
Grupo Simec Plans to Invest US$600M in New SBQ Mill
10 November 2015 - Mexican special bar quality (SBQ) manufacturer Grupo Simec is planning to build a greenfield mini-mill capable of producing 600,000 tons of SBQ products per year, the company has announced.
EU Steel Summit Yields No Action, But More Discussions
10 November 2015 - European Union ministers agreed they must take steps to protect their steelmakers from the onslaught of imported Chinese steel, but failed to come to terms on a plan for how to do so during a summit meeting held 9 November in Brussels, Belgium.
Tata Launches Steel-Plastic Composite Material
09 November 2015 - Tata Steel has introduced a new composite sheet material that it intends to market to bus and trailer manufacturers.
With Debt Payment Coming Due, Essar Steel Algoma Files for Creditor Protection
09 November 2015 - Canada’s Essar Steel Algoma Inc. has filed for creditor protection under Companies' Creditors Arrangement Act (CCAA), marking its second round of debt restructuring in recent years.
Nucor to Acquire Cold Finish Bar Assets in Ohio and Georgia
09 November 2015 - Nucor Corp. is acquiring two Gerdau Long Steel bright bar facilities for an undisclosed amount, Nucor has announced.
U.S. Trade Commission Affirms Commerce Ruling in Welded Line Pipe Case
06 November 2015 - The U.S. International Trade Commissions has made its final determination in a case involving South Korean and Turkish welded line pipe, affirming that unfairly traded imports from those countries have harmed domestic producers.
Chinese Imports Take a US$711M Toll on ArcelorMittal
06 November 2015 - The world’s largest steelmaker lost US$711 million between July and September -- and about US$1.3 billion through nine months of 2015, the company reported.
U.S. House Passes Partially Unfunded $325B Transportation Bill
06 November 2015 - U.S. House passage of a six-year transportation bill is a step toward giving manufacturers some market certainty, but Congress needs to see it the rest of the way through, American Iron and Steel Institute officials said.
Trade Associations Opposing China's Claims to WTO Market Economy Status
05 November 2015 - Nine steel associations in North America, South America and Europe are jointly opposing China’s attempts to gain World Trade Organization market economy status.
Upgrades on Tap for German BOF
04 November 2015 - Primetals Technologies has won an order from Germany’s Hüttenwerke Krupp Mannesmann GmbH (HKM) to modernize the No. 2 basic oxygen furnace (LD) at the steelmaker’s Duisburg plant, Primetals has announced.
U.S. Commerce Department Imposes Preliminary Duties on Imported Steels From China, Other Countries
04 November 2015 - The U.S. Department of Commerce has set preliminary duties of up to nearly 236 percent on corrosion-resistant sheet steel imported from China steel and is continuing to evaluate additional protections for American producers.
AK Steel Recognized for Environmental Efforts
03 November 2015 - Honda North America Inc. has recognized AK Steel Corp. with a supplier award for environmental achievement.
Company Investing $125M in New U.S. OCTG Mill
03 November 2015 - A company is planning to build a new OCTG mill in Norfolk, Neb., USA, and expects to begin production in 2017, according to reports.
SAIL Wins Big Rail Order From Iran
02 November 2015 - State-owned Steel Authority of India Ltd. (SAIL) will supply about 100,000 metric tons of rail for a system expansion in Iran, according to reports.
New Reheat Furnaces On Order for Chinese Mill
02 November 2015 - Austria’s ANDRITZ has won an order for two reheat furnaces from Tangshan Iron and Steel Group in China, the company has announced.
Former ArcelorMittal Executive To Lead Finland's Outokumpu
02 November 2015 - The board of directors for Finland’s Outokumpu has appointed a new president and CEO, the company has announced.
