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Industry
Latest News
2014 World DRI Production Tops 74.5 Million Tons
30 June 2015 - The world’s direct reduction industry produced 74.55 million tons of DRI Products in 2014 according to data compiled by Midrex and audited by World Steel Dynamics.
Unifrax Announces Senior Executive Changes
30 June 2015 - Unifrax I LLC (“Unifrax”), the Tonawanda, N.Y. based manufacturer of specialty fiber products, announced that Duncan Yardley has been promoted to Executive Vice President and Chief Operating Officer, and John Dandolph has been promoted to Executive Vice President and Chief Financial & Strategy Officer.
India to Ship 16.5 Million Tons of Iron Ore to Japan, South Korea Over Three Years
30 June 2015 - The Indian government approved the renewal of agreement for supplying up to 16.5 million tonnes (MT) of high grade iron ore to steel plants in Japan and South Korea over three years till March 2018.
AISI Hails Presidential Signing of Trade Package
29 June 2015 - President Obama today signed two significant trade initiatives - Trade Promotion Authority (TPA), and the extension of the Africa Growth and Opportunity Act and other trade preference programs, which includes renewal of Trade Adjustment Assistance (TAA) and trade remedy improvements.
U. S. Steel President And CEO Mario Longhi Commends President Obama For Strengthening Trade Enforcement Laws
29 June 2015 - Today United States Steel Corporation President and CEO Mario Longhi commended President Barack Obama as he signed the Trade Promotion Authority (TPA) and Trade Adjustment Assistance (TAA) legislation into law.
AISI: Preliminary Steel Imports Decrease 4% in May
29 June 2015 - Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 3,374,000 net tons (NT) of steel in May 2015, including 2,744,000 net tons (NT) of finished steel (down 3.6% and 7.2%, respectively, vs. April final data).
AHMSA Threatens More Job Cuts Over Dumping
29 June 2015 - Altos Hornos de Mexico (AHMSA), one of Mexico's largest steelmakers, could cut a further 4,000 jobs if the government does not take radical measures to stop dumping in the industry, Reuters reports.
ArcelorMittal Produces First AHSS at Vega do Sul Plant in Brazil
26 June 2015 - As reported by Automotive Business, ArcelorMittal has produced its first coil of advanced high-strength steel (AHSS) at its Vega do Sul flat steel rolling mill in Southern Brazil.
Alpha Natural Resources Idles North Fork No. 7 Mine
26 June 2015 - Alpha Natural Resources said Monday is has idled the North Fork No. 7 metallurgical coal mine in Letcher County, Kentucky, says a report by Platts.
AISI: Weekly Raw Steel Production Down 1.2% From Previous Week, 8.6% Year on Year
26 June 2015 - In the week ending June 20, 2015, the American Iron and Steel Institute reported that domestic raw steel production was 1,726,000 net tons while the capability utilization rate was 73.0 percent.
Contractor Electrocuted at AK Steel Ashland Works Dies
26 June 2015 - According to a report by the Huntington Herald-Dispatch, officials believe electrocution caused the death of a contractor performing tests on substations at AK Steel Ashland Works on 23 June.
Update: Trade Adjustment Assistance Bill With Antidumping/Countervailing Measures Approved by U.S. Senate and House
25 June 2015 - Update: The U.S. House of Representatives approved the Trade Adjustment Assistance bill by a vote of 286-138.
U. S. Steel President And CEO Applauds Congress For The Passage Of Trade Promotion Authority And Trade Adjustment Assistance
25 June 2015 - Today United States Steel Corporation President and CEO Mario Longhi issued the following statement in response to the passage of the Trade Promotion Authority (TPA) and Trade Adjustment Assistance (TAA) bills.
SMA Lauds Congressional Votes on Trade Bills
25 June 2015 - The Steel Manufacturers Association (SMA) today applauded recent Congressional passage of two trade bills.
U.S. Dept. of Commerce Announces Investigation into Antidumping and Countervailing Duties of Corrosion-Resistant Steel
25 June 2015 - On 24 June 2015, the United States Department of Commerce submitted announced that it will initiate antidumping duty and countervailing duty investigations of imports of corrosion-resistant steel products from China, India, Italy, Korea and Taiwain.
Outokumpu Completes Ramp Down of Bochum Meltshop
25 June 2015 - Outokumpu announced that the Bochum melt shop ramp down in Germany has been completed.
Key Appointments Announced for Vallourec's North American Region
25 June 2015 - Vallourec, a world leader in premium tubular solutions primarily serving the energy markets, announces several key appointments in its North America region.
AK Steel Provides Second Quarter 2015 Earnings Guidance
25 June 2015 - AK Steel has provided guidance for its second quarter 2015 financial results.
SMS Group: Customers Remain Reluctant to Invest in New Plants
25 June 2015 - Order intake by the SMS group in the last business year declined to EUR 3.167 billion, (2013: EUR 3.309 billion). Sales, at EUR 3.406 billion, remained at the same level as the previous year (2013: EUR 3.495 billion).
India Raises Duties on Some Steel Products to Counter Chinese Imports
24 June 2015 - As reported by Reuters, India has raised duties on certain steel products by up to 2.5 percentage points, as domestic producers struggle to cope with surging cheap imports from China and Russia, among others.
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