Steel News

Toolmaker Opens Sixth North American Service Center

09 August 2016 - An industrial engineering firm has opened its sixth North American service center in support of its machine tool business.

Harsco Establishes Operations at Egyptian Mill

09 August 2016 - Mill contractor Harsco Corp. will provide slag and scrap management services for an Egyptian steel mill under a new multiyear agreement, the company has announced.

Chinese Steelmaker Acquires Castrip License

08 August 2016 - North Carolina-based Castrip LLC has licensed its casting technology to a Chinese steelmaker, marking the first time Castrip technology will be employed in an overseas facility.

Primetals Bags Contract for New BOF in Germany

04 August 2016 - ArcelorMittal’s Ruhrort plant in Germany has ordered a new basic oxygen furnace (LD converter) from Primetals Technologies. According to Primetals, the 150-metric-ton converter will replace an existing converter, designated as K2.

Quebec Buys Into Iron Ore Development Project

28 July 2016 - The Quebec government is taking an equity stake in a Canadian direct shipping ore project, agreeing to invest CAN$125 million.

Houghton Acquires Metalworking Fluids Maker

27 July 2016 - U.S.-based metalworking fluids maker Wallover Enterprises Inc. has been sold to a Gulf Oil International subsidiary for an undisclosed amount.

ArcelorMittal Awards Contract for Coke Oven Rebuild

22 July 2016 - Engineering firm Paul Wurth has been tapped to rebuild the coking plant at ArcelorMittal’s integrated Gijon works in Spain, the company has announced.

Auto Parts Maker Orders 25-MN Forging Press

22 July 2016 - SMS group said it has won an order for a closed-die forging press from Turkey’s PARSAN Makina Parçaları Sanayii A.Ş., a key forged-parts supplier to the European automotive industry.

Tenova Signs Preliminary Agreement to Build South American DRI Plant

22 July 2016 - A Peruvian company developing an iron ore mine in the southern Andes has struck a preliminary agreement with Tenova for two ore-processing plants, Tenova has announced.

New Owner of Cold-Finish Equipment Manufacturer Looks to Streamline Production

20 July 2016 - Pennsylvania-based Big B Manufacturing has acquired cold-finished machine maker Hetran Inc. out of bankruptcy for US$765,000, according to reports.

Essar Minnesota Names New Chief Executive

15 July 2016 - Essar Steel Minnesota has named a new chief executive to help guide the company through Chapter 11 bankruptcy and to help it complete its US$1.9 billion taconite mine and pellet plant, reports the Minneapolis Star Tribune.

Essar Steel Minnesota Loses Mineral Leases, Files for Bankruptcy

08 July 2016 - Essar Steel Minnesota, which had been building Minnesota’s first new taconite facility in years, filed for Chapter 11 bankruptcy on Friday, according to reports.

Acquisition Adds Couplings, U-Joints to Timken Co.'s Product Lineup

08 July 2016 - The Timken Co. has acquired family-owned Lovejoy Inc., a maker of industrial couplings and universal joints, for US$66 million, Timken has announced.

Nucor Awards US$900M Material Handling Contract

06 July 2016 - Kinder Morgan Inc. has signed a US$900 million agreement to provide bulk material handling services at five Nucor Corp. facilities, the company has announced.

Steel Market Conditions Prompt Mitsubishi Heavy Industries to Reduce Costs at Primetals Venture

13 June 2016 - In the face of a weak steel market, Mitsubishi Heavy Industries Ltd. is looking to cut costs at its Primetals Technologies venture, reports the Bloomberg news service.

Cliffs Natural Resources Moves Up Restart Schedule for Idled Mine

09 June 2016 - Iron ore miner Cliffs Natural Resources will reopen an idled Minnesota mine two months sooner than planned after securing third- and fourth-quarter orders from a new customer, the company announced on Thursday.

Primetals Signs Contract for Furnace Upgrades at German Mill

07 June 2016 - Primetals Technologies has won an order to modernize the electric arc furnace at BGH Edelstahlwerke GmbH’s Freital facility in Germany.

Fives Names New President of Machine Tool Manufacturing Unit

06 June 2016 - Longtime manufacturing executive Steve Thiry has been named president of production machinery manufacturer Fives Cincinnati, the company has announced.

Severstal Plans Pickling Line Upgrade

31 May 2016 - Severstal has ordered a double-headed edge trimmer for the No. 3 continuous pickling line at its facility in Cherepovets, Russia, the vendor on the project has announced.

ArcelorMittal USA Signs Decade-Long Pellet Supply Agreement

31 May 2016 - U.S. iron ore producer Cliffs Natural Resources has signed a new 10-year pellet supply agreement with ArcelorMittal USA, which will buy up to 10 million long tons over the life of the deal.