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Latest News

An Aging Population, Other Market Challenges Force JFE Steel to Resize

30 March 2020 - JFE Steel will permanently close a blast furnace in southeastern Japan as part of a plan to consolidate operations and refocus on key products, the company has announced.

SSAB Begins Layoff Negotiations

30 March 2020 - SSAB is preparing to initiate a round of temporary layoffs at its Finnish operations, citing weak demand due to the COVID-19 pandemic.

ArcelorMittal Brazil to Idle Blast Furnace

30 March 2020 - ArcelorMittal Brazil will temporarily idle a blast furnace at its Tubarão plant and throttle back production at some of its long steel plants, reports commodities news and pricing service S&P Global Platts.

U. S. Steel Takes Two BFs Out of Service, Postpones Capital Projects

27 March 2020 - In response to the COVID-19 pandemic and the sudden deterioration in the oil and gas markets, United States Steel Corporation is idling two blast furnaces and delaying a number of capital projects.

U.S. Imports Fall to 10-Year Low in February

26 March 2020 - U.S. steel imports fell slightly more than 38% in February 2020, dropping to a level not seen since 2009, reports commodities news and pricing service Argus.

Indian Steel Producers Set COVID-19 Curtailments

26 March 2020 - JSW Steel, Tata Steel and ArcelorMittal are all pulling back on production despite exceptions that allow them to run during the country’s national COVID-19 lockdown.

thyssenkrupp, Labor Union Agree to Long-Term Strategic Plan, Coronavirus Curtailments

25 March 2020 - thyssenkrupp and the IG Metall labor union have come to terms on a plan in which the company will shed 3,000 steel jobs over six years, but will invest EUR800 million in its plants during that time, thyssenkrupp has announced.

voestalpine Idles Blast Furnace; Closes Global Sites

25 March 2020 - voestalpine has closed facilities in Europe, South America and the U.S. and will temporarily reduce hours at other European sites as global economy slows.

North American Auto Plants Postpone Restarts

25 March 2020 - Ford, Toyota and Hyundai are extending coronavirus shutdowns of their North American plants, and Kia has announced its intention to temporarily stop production in the U.S., reports WardsAuto.

Primetals Technologies Announces Start of New Pickling Line

25 March 2020 - China’s Shougang Jingtang United Iron & Steel Co. Ltd. has started up a new continuous pickling line built by Primetals Technologies.

Paul Wurth: Reline Complete at Dillinger Hüttenwerke BF

25 March 2020 - Paul Wurth recently finished a modernization of the slag granulation plant at AG der Dillinger Hüttenwerke (Dillinger).

U. S. Steel Idles Ohio, Texas Tube Mills

24 March 2020 - United States Steel Corporation has informed workers that will indefinitely idle its seamless tube plant in Lorain, Ohio, as well as its Lone Star tubular operations in Texas, reports The (Elyria, Ohio) Chronicle-Telegram newspaper.

ArcelorMittal, Gerdau Idling Some North American Assets

24 March 2020 - Some North American producers have announced production curtailments following word that automakers would temporarily halt production lines amidst the spread of the coronavirus.

February Sees Crude Steel Output Increase

23 March 2020 - Global crude steel production rose 3.1% in February 2020 to approximately 143.7 million metric tons, according to the World Steel Association.

thyssenkrupp Appoints Permanent Chief Executive

23 March 2020 - thyssenkrupp interim chief executive Martina Merz has been given the job on a permanent basis, the steelmaker has announced. In a statement, thyssenkrupp said Merz will begin a three-year contract on 1 April.

Report: Excess Steel Inventory Poses Major Challenge to Chinese Producers

23 March 2020 - China’s steel market will have to confront a crushing tidal wave of steel that is sitting in inventory and likely to put tremendous pressure on prices this spring, reports commodities news and pricing service S&P Global Platts.

Plummeting Oil Prices Force Tenaris to Reduce U.S. Workforce

23 March 2020 - Pipe and tube manufacturer Tenaris is laying off more than 900 people at its U.S. facilities as the sudden decline in oil prices have ground the energy tubular market to a halt.

U. S. Steel Issues Q1 Earnings Guidance

20 March 2020 - United States Steel Corporation expects to record a first-quarter loss due in part to difficulties in the tubular market and the European sheet market, both of which are occurring against the backdrop of a global pandemic, the company said on Friday.

Cleveland-Cliffs Pauses Work on Toledo HBI Plant

20 March 2020 - Cleveland-Cliffs Inc. is temporarily halting construction at its hot-briquetted iron (HBI) plant in Toledo, Ohio, USA, the company said late Thursday.

Mills, Service Centers Must Be Allowed to Remain Open, Steel Trade Groups Say

20 March 2020 - Steel mills and steel service centers are essential infrastructure and should be uniformly excluded from shelter-in-place policies, leaders at the American Iron and Steel Institute and the Metals Service Center Institute have said.

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