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Latest News

USW Files Grievances over U. S. Steel Sale

15 January 2024 - The United Steelworkers union is challenging United States Steel Corporation’s proposed sale to Nippon Steel Corp., arguing that U. S. Steel violated terms of the basic labor agreement with the union, reports the Pittsburgh Post-Gazette.

One of the World’s Largest Steelmakers Lays Plans for the World’s Largest Mill

11 January 2024 - ArcelorMittal intends to build its Hazira, India, plant into the world’s single-largest steelmaking complex, company founder Lakshmi Mittal has announced, according to The (India) Economic Times.

Erdemir Announces US$3.2B Decarbonization Investment

11 January 2024 - Turkish steelmaker Erdemir said it will invest US$3.2 billion to reduce its emissions by 25% over the next seven years.

Report: U. S. Steel – Nippon Steel Deal Faces Scrutiny

11 January 2024 - Attorneys for United States Steel Corporation and Nippon Steel Corporation have been exchanging phone calls and emails as the Biden Administration prepares to review the planned acquisition of the American steelmaker, The Wall Street Journal reported Thursday.

CMC Reports Progress on Arizona Mill Ramp-Up

09 January 2024 - U.S. long products maker CMC is ramping up its new Arizona micro-mill following its summer start-up and is reporting month-over-month production increases, according to the company’s chief executive officer.

Nippon Steel Executive Optimistic on Chances of Acquiring U. S. Steel

08 January 2024 - Despite calls for a through review of Nippon Steel Corp.’s acquisiton of United States Steel Corporation, Nippon Steel’s top executive believes the deal will ultimately be finalized, the Reuters news service reports.

SMS group Wins Contract for Dominican Republic Rebar Plant

08 January 2024 - SMS group has been contracted to build a 400,000-ton rebar mill in the Dominican Republic, the equipment manufacturer has said.

Cleveland-Cliffs Expands Board of Directors

04 January 2024 - Ron Bloom, a private equity executive, labor and political adviser, has joined the Cleveland-Cliffs Inc. board of directors, the steelmaker said Wednesday.

ArcelorMittal Signs US$2.7B Natural Gas Supply Agreement

04 January 2024 - ArcelorMittal Mexico has renewed a natural gas supply agreement with Mexican state utility CFE Energía, a 10-year deal worth US$2.7 billion, according to the Reuters news service.

POSCO, Nippon Steel Finalize Stakes in Canadian Met Coal Business

04 January 2024 - Nippon Steel Corp. and POSCO have closed on acquisitions of minority stakes in Teck Resources Ltd.'s metallurgical coal operation.

Labor Caucus Seeks Review of U. S. Steel Acquisition

03 January 2024 - The U.S. Congressional Labor Caucus is asking the Biden administration to undertake a comprehensive regulatory review of Nippon Steel Corp.’s planned acquisition of United States Steel Corporation.

Salzgitter Announces Completion of Blast Furnace Reline

03 January 2024 - Germany’s Salzgitter has restarted its blast furnace following a 100-day reline and overhaul of the unit, the company has said.

POSCO Electrical Steel Plant Enters Service

03 January 2024 - POSCO has wrapped up the first phase of construction on a US$767 million non-oriented electrical steel plant, The Korea Times reports.

ArcelorMittal Commissions Demonstration Bio-Coal Plant

20 December 2023 - ArcelorMittal Belgium has commissioned a facility that converts waste wood into bio-coal for use in its Gent blast furnace, the company has announced.

Under New Ownership, HWI Expands Manufacturing Capacity

20 December 2023 - Refractories maker HWI is completing a slate of investments – and eying more in the year ahead, the company reports.

U.S., EU Extend Truce on Steel, Aluminum Tariffs

20 December 2023 - The United States and the European Union have agreed to continue pausing trade actions related to steel and aluminum imports, according to the Bloomberg news service.

Danieli Contracted for Turkish Cold Rolled, Tinplate Complex

20 December 2023 - Danieli has won an order from the Turkish Habaş Group for a 900,000-metric-ton cold rolling and tinplating facility, the equipment manufacturer said Wednesday.

Nippon Steel to Acquire U. S. Steel

18 December 2023 - United States Steel Corporation has agreed to be acquired by Japan’s Nippon Steel Corporation through a cash deal valued at US$14.9 billion, the companies announced Monday morning.

Senators Urge Action on Mexican Steel Imports

15 December 2023 - A group of U.S. senators have expressed alarm over surging steel imports from Mexico and are asking the Biden administration to either implement a previously agreed-upon export monitoring arrangement or take aggressive steps to counter shipments into the country.

U. S. Steel Reports Fourth Quarter Guidance, Mum on Sales Process

15 December 2023 - U. S. Steel expects to report fourth quarter adjusted net earnings of between 20 cents to 25 cents per diluted share, the company has announced.

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