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AIST's Steel News provides the steel community with technological and innovative news on the people, producers and suppliers in the North American and international steel communities.

Plant Builder Expects Shift in Mill Investments

17 June 2019 - The North American steel industry has seen an extraordinary level of mill investment in the past two years, but the biggest of the capex announcements are likely behind, according to an executive at plant builder SMS group.

Nucor Forecasts Lighter Q2 Profits

17 June 2019 - Nucor Corp. expects its second-quarter earnings to fall approximately 42% as service centers draw down inventories, the company said on Monday.

Liberty Steel Acquires Pennsylvania Wire Maker

13 June 2019 - Pennsylvania-based Johnstown Wire Technologies (JWT) has been sold to Sanjeev Gupta's Liberty Steel USA for an undisclosed amount, the company has announced.

SDI Draws Near to Site Decision on New Sheet Mill

13 June 2019 - The Texas Comptroller’s office has ruled that Steel Dynamic Inc.’s proposed southwest flat-rolled mill qualifies for local tax breaks, a decision that potentially opens the door to an agreement on economic incentives for the mill – and possibly a final decision on its location.

Steel Industry Could See Uptick in Mergers

13 June 2019 - Senior steel executives remain optimistic about their prospects for near-term growth and are looking to mergers and acquisitions as a key driver of that growth, according to an annual survey from corporate finance and strategic advisory firm Headwall Partners.

Mittal: EU Must Take Further Measures in Wake of Steel Tariffs

13 June 2019 - ArcelorMittal chief executive Lakshmi Mittal says the European Union needs to further protect the domestic steel market from imports that are being deflected by U.S. President Donald Trump’s steel tariffs.

EU Says No to Tata, thyssenkrupp Deal

13 June 2019 - The European antitrust regulators have blocked thyssenkrupp and Tata Steel’s proposed European joint venture, officially ending a deal the companies decided to scrap last month.

SAIL to Replace Three Converters at Steel Works

06 June 2019 - The Steel Authority of India Ltd. has contracted SMS group for three new converters at its Durgapur works.

Citing Softening Demand, ArcelorMittal Furloughs Italian Workers

06 June 2019 - ArcelorMittal Italia is temporarily laying off approximately 1,400 workers amid weakening demand and heightened competition from imported steel, the company has announced.

The World’s Second-Largest Steelmaker Could Soon Become the Largest

04 June 2019 - Baowu Steel Group, the world’s second-largest steelmaker, is acquiring a majority stake in a smaller rival, a move that could propel Baowu to the No. 1 spot within the next few years.

China Iron & Steel Association Urges ‘Rational’ Output

04 June 2019 - The China Iron and Steel Association is calling for restraint as mills produce at record levels amid concerns over slowing demand, the Reuters news service reports.

Big River Steel Has Finalized Financing for Its Mill Expansion. Here’s How Much.

04 June 2019 - Big River Steel has lined up US$777 million in financing for the planned expansion of its flat-rolled mill in Osceola, Ark., USA, the company has said.

Danieli Receives Additional Order Tied to Sheet Mill Overhaul

04 June 2019 - Nucor Corp. has contracted Danieli to build a new emissions control system for its Gallatin sheet mill, a follow-on order arising from the steelmaker’s overhaul of the Kentucky facility.

ATI Divests Indiana, Kentucky Forges

04 June 2019 - Allegheny Technologies Inc. has sold two closed-die forging facilities to a Chicago private equity firm for US$37 million in cash, the company said.

Lab Equipment Maker Expands Product Portfolio Through U.S., Japan Acquisition

04 June 2019 - Laboratory and analytical instruments manufacturer Verder Group is expanding its product portfolio in particle and surface analysis equipment, acquiring Microtrac Inc. and MicrotracBEL from Nikkiso Co. Ltd.

UAW OKs Labor Agreement With AK Steel

04 June 2019 - Union workers at AK Steel Corp.’s Zanesville, Ohio, mill have ratified a three-year labor agreement with the company.

Fives Lands Order for Precision Cold Mill

04 June 2019 - China’s Ningbo Baoxin Stainless Steel Co. Ltd. has ordered a new precision cold mill from Fives, the equipment supplier reports.

Furnace Services Provider Opens New Tech Center

30 May 2019 - AMI Automation, a provider of meltshop optimization solutions, has opened a new tech center that serves customers who subscribe to certain service packages, the company has said.

Vallourec Sees Early Results in Furnace Optimization Project

30 May 2019 - Pipe and tube maker Vallourec is collaborating with GE Digital on a project designed to reduce power-on times and variability and boost productivity of its Youngstown, Ohio, electric arc furnace.

Primetals Technologies Lands Order for Automated Tapping System

30 May 2019 - China’s Jiangsu Shagang Group Co. Ltd. has contracted Primetals Technologies to install a fully automated tapping system on two BOF converters at its Zhangjiagang steel works in the Jiangsu province.

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