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Former Bethlehem Steel CEO Dies at 86
01 December 2015 - Walter F. Williams, an engineer who worked his way up the ranks of Bethlehem Steel and lead the company as its chief executive, has died. He was 86.
Index Shows U.S. Manufacturing Contracted in November
01 December 2015 - The overall U.S. economy grew during November, but the manufacturing sector contracted for the first time in three years, according to the Institute for Supply Management’s monthly Report on Business.
Reliance Steel Adds Tube Distributor to Network
01 December 2015 - North America’s largest metals service center is acquiring U.S.- based Tubular Steel Inc. for an undisclosed amount, the company has announced.
U. S. Steel Announces Management, Organizational Changes to Flat Rolled Division
01 December 2015 - United States Steel Corporation is reorganizing the reporting structure for its flat rolled division, creating three commercial entities that will oversee operations at their respective plants.
Primetals Setting Up Briquetting Plant at New HBI Facility
30 November 2015 - Primetals Technologies has won an order for a residuals briquetting plant to be installed at voestalpine’s new hot briquetted iron (HBI) facility in the United States.
EUROFER: Changes to EU's Emissions Trading System Would Cost Steelmakers EUR34 Billion
30 November 2015 - Revisions to the European Union Emissions Trading System would be so costly to implement that they would just about erase the steel industry’s margins, according to EUROFER, the European Steel Association.
American Lawmaker Wants to Put a Five-Year Halt on Steel Imports
24 November 2015 - A U.S. lawmaker said he plans to introduce a bill banning steel imports for five years to protect the country’s ailing iron ore miners and steelmakers, according to reports.
Equipment Upgrade Helps ArcelorMittal Expand Piling Products Portfolio
23 November 2015 - ArcelorMittal’s Belval sheet piling mill in Luxembourg has put a new SMS group Compact Roller Straightener into service, allowing the mill to expand its product portfolio, SMS has announced.
LME's New Steel Contracts Make Market Debut
23 November 2015 - The London Metal Exchange launched its new rebar and steel scrap contracts today, but so far there hasn’t been much interest, according to Reuters news service.
Expanding on Previous Acquisition, Atlas Copco Sweeps Up Second Vacuum Business
20 November 2015 - Swedish compressor manufacturer Atlas Copco is acquiring Oerlikon’s Leybold Vacuum business in a deal based on an enterprise value of CHF525 million, the company said.
Former Nucor CEO Enters Business Hall of Fame
20 November 2015 - Former Nucor Corp. CEO and chairman emeritus Dan DiMicco has been inducted into the North Carolina Business Hall of Fame.
POSCO Orders Vertical Annealing Furnace for New Galvanizing Line
19 November 2015 - The Fives engineering group has won a contract to design and build a high-performance vertical annealing furnace for a POSCO plant, the company has announced.
Ohio Steel Shop Temporarily Halting Production
19 November 2015 - U.S.-based Warren Steel Holdings is temporarily idling its plant in Warren, Ohio, citing “market conditions.”
With Steelmaking Still Months Off, Tata Steel Dedicates New Integrated Plant
18 November 2015 - Tata Steel has inaugurated its new 6-million-metric-ton integrated steelworks in India, even though it will be a few more months before steelmaking begins.
Iron Ore Producer Might Impose Production Curtailments in Early 2016
18 November 2015 - U.S. iron ore producer Magnetation LLC has warned employees that it might curtail production at its No. 2 plant in Bovey, Minn., beginning on 31 January 2016.
Cliffs Natural Resources Idles Mine, Taconite Pellet Plant
18 November 2015 - Iron ore producer Cliffs Natural Resources Inc. is temporarily idling pellet production at its Northshore Mining operation in Minnesota, the company has announced.
Analysts: Cheap Debt Contributing to Steel's Oversupply
17 November 2015 - Inexpensive credit has allowed unprofitable production to be maintained, supporting the continued glut of steel on the market, according to analysts at financial services firm Macquarie Group.
Some Interest, But No Takers Yet for Tata Steel's European Division
17 November 2015 - Several parties reportedly have expressed interest in Tata Steel’s European long products division, although a deal doesn’t appear to be imminent, according to the Reuters news service.
Big River Steel Continuing to Push Toward 2016 Start-Up
16 November 2015 - The founder of a new U.S. mill has died and the governor who initially supported the project is no longer in office, but the Big River Steel project is continuing to progress toward a planned start-up in late summer or early fall of 2016, reports the weekly business journal Arkansas Business.
World Steel Association Chairman: Europe Has Too Much Steelmaking Capacity
16 November 2015 - Europe has too much steelmaking capacity, and the industry likely will have to lop half of it over the next 15 years, World Steel Association chairman Wolfgang Eder told The (London) Telegraph newspaper.
