Steel News

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.

Four Appointed to LME's Steel Committee

22 September 2015 - The London Metal Exchange (LME) has added four members to its steel committee as it prepares to launch new contracts for steel scrap rebar in November, the exchange has announced.

Global Steel Production Down in August

22 September 2015 - Worldwide crude steel production fell 3 percent in August, dropping to 132.2 million metric tons, according to the World Steel Association.

SSI Suspends Production at U.K. Mill, Undertakes Debt Restructuring

21 September 2015 - Thailand's Sahaviriya Steel Industries (SSI) and three main creditors said they will attempt to restructure THB50 billion (US$1.4 billion) in debt to repair the steelmaker’s balance sheet, Reuters reported.

Report: EU To Set Minimum Price On GOES Imports

21 September 2015 - The European Union is preparing to set a minimum price on imports of a specialized steel from five countries, including the United States, according to Reuters.

More Layoffs Underway at U. S. Steel Corp.

18 September 2015 - United States Steel Corporation is laying off employees at its Pittsburgh, Pa., USA, headquarters, the Pittsburgh Business Times newspaper reported.

Institute: American Steel Exports Down in July

18 September 2015 - American-made steel exports fell by 8.1 percent in July, ending two straight months of increases, according to the American Institute for International Steel.

Judge Prescribes Mediation for Ailing U. S. Steel Canada

17 September 2015 - A judge has ordered United States Steel Corporation and others into mediation to hash out the future of the company's Canadian operation, U. S. Steel Canada (USSC), according to The Hamilton Spectator newspaper.

Malaysia Launches Investigation Into Imported Hot Rolled Coils

17 September 2015 - Malaysia has opened a safeguard investigation into imported hot rolled coils, the country’s Ministry of International Trade and Industry has announced.

Unions: Lack of Support Threatens U.K Steel Industry

16 September 2015 - Labor unions have called on the British government to do more to support the country's steel industry following reports that SSI UK's Redcar works, along with roughly 3,000 jobs, are in jeopardy.