Steel News

Outotec to Cut 150 Jobs in Finland

04 January 2016 - Finland’s Outotec will cut 150 jobs at home and throttle back production at a machine shop and at its filters unit as it attempts to pare EUR70 million in fixed costs.

Danieli, Tenova Bring New DRI Plant into Production

30 December 2015 - Ezz Steel’s new cold discharge DRI plant has been put into service and is exceeding production expectations by more than 10 percent, one of the plant's developers has announced.

AIC Upgrading Roughing Stands at German Rolling Mill

30 December 2015 - A German rolling mill will emerge from a holiday outage sporting new drives on four of its roughing stands, according to the vendor on the project.

Tube City Testing Out New Process at Ohio Mill

28 December 2015 - AK Steel Corp. and mill services provider Tube City IMS are collaborating on what’s described as an improved steel recovery process, reports the Dayton Business Journal newspaper.

Cliffs Divests Remaining Met Coal Assets

23 December 2015 - Iron ore producer Cliffs Natural Resources Inc. has exited the coal business, closing on a deal to sell its remaining metallurgical coal mines, the company has announced.

Maker of Combustion Monitoring System Finds Footing in Steel Industry

22 December 2015 - Colorado-based Zolo Technologies has reached a new milestone, having installed more than 25 of its ZoloSCAN tunable diode laser absorption spectroscopy (TDLAS) systems on steel industry furnaces, the company has announced.

Cascade Steel Upgrades Oregon Rolling Mill

21 December 2015 - Danieli has won a contract to modernize the finishing end of Cascade Steel Rolling Mill’s Oregon rebar facility, the company has announced.

Tenova Goodfellow Marks 10 Years of EFSOP Technology in Japan

21 December 2015 - Tenova Goodfellow Inc. recently celebrated the 10th anniversary of the introduction of its Expert Furnace System Optimization Process (EFSOP) technology to the Japanese steel market.

Fives Wins Contracts for Upgrades at ArcelorMittal Plants

21 December 2015 - Industrial engineering group Fives has won contracts for upgrades to ArcelorMittal facilities in China and Romania, the company has announced.

Cable Manufacturer Reaches Deal to Distribute Some Pfisterer Electrical Equipment

18 December 2015 - U.S.-based TPC Wire & Cable Corp. has formed a partnership with Germany's Pfisterer, giving TPC the ability to stock select Pfisterer products in the United States, the company has announced.

Nucor Awards Contract for Rod Mill Upgrades

17 December 2015 - Primetals Technologies has won a contract to upgrade coil handling equipment at Nucor Corp.'s Norfolk, Neb.,USA, coiled bar and wire rod mill, the company has announced.

Outotec Finalizes Acquisition of South Africa's Sinter Plant Services

15 December 2015 - Outotec has closed on a deal to buy Sinter Plant Services CC in South Africa, the company has announced.

Union Reviewing New U. S. Steel Contract Proposal

14 December 2015 - Leaders of the United Steelworkers union are meeting in Pittsburgh, Pa., USA, this week to discuss a new comprehensive proposal from United States Steel Corporation.

Canadian Ore Producer Delists Shares on OTCQX Exchange

10 December 2015 - Canada’s New Millenium Iron Corp. is voluntarily delisting its common shares on the OTCQX International exchange, the company has announced.

Butech Bliss Wins Order for Hydraulic Roller Leveler

08 December 2015 - U.S.-based Ferralloy Inc. is adding a Butech Bliss Synergy® hydraulic roller leveler to its Decatur, Ala., facility.

Court Dismisses Lawsuit Against Essar Steel Algoma

04 December 2015 - A U.S. federal court has dismissed an iron producer’s lawsuit against Essar Steel Algoma, the company has announced.

Italian Transformer Manufacturer Finalizes Acquisition

03 December 2015 - Italy’s Tamini Trasformatori Srl has closed on a deal to acquire transformer manufacturer Transformer Electro Service Srl (TES), the company has announced.

Continuous Casters Switched On at New Baosteel Facility

02 December 2015 - Two new continuous slab casters have been put into service at Baosteel’s Zhanjiang works in southern China, according to the supplier.

Kennametal Closes on Divestment of Plate Fabrication, Castings Businesses

02 December 2015 - Tooling maker Kennametal Inc. has completed the sale of several non-core businesses to Chicago-based Madison Industries, the company has announced.

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.