Steel News

Sandvik Acquires Stainless Tube Maker

20 December 2019 - Sweden’s Sandvik Group is acquiring Summerill Tube Corp., a Pennsylvania-based manufacturer of high-precision stainless and nickel alloy tubes, for an undisclosed amount.

Danieli Lands Order for Bar Mill Caster, Secondary Metallurgy Station

19 December 2019 - Nucor Corp. has chosen Danieli to provide a new 4-strand billet caster and secondary metallurgy station for its Kankakee bar mill in Bourbonnais, Ill., USA, the equipment supplier has announced.

Nucor to Add Paint Line to Arkansas Mill

19 December 2019 - Nucor Corp.’s board of directors has greenlighted installation of a new coil paint line at its Arkansas sheet mill, an addition that will allow it to compete in new markets.

ArcelorMittal Nippon Steel India Establishes Board and Executive Management

18 December 2019 - The newly established joint venture between ArcelorMittal and Nippon Steel, ArcelorMittal Nippon Steel India (AMNSI), has announced its management structure, according to news site SteelGuru.

Reliance Steel & Aluminum Co. to Acquire Fry Steel Co.

18 December 2019 - Reliance Steel & Aluminum Co. is purchasing Fry Steel Co. outstanding capital stock, the company announced today.

Stelco CFO to Step Down in January

18 December 2019 - Stelco has announced that its chief financial officer (CFO) Don Newman will resign from his position on 5 January 2020, citing personal family reasons.

SSAB Americas to Introduce Fossil-Free Steel to North America

17 December 2019 - SSAB Americas is aiming to produce fossil fuel free steels at its U.S. mills by 2026, and its Montpelier, Iowa, USA, facility already is on track to be completely by renewable energy by 2022, the company has said.

Steel Demand Intact, But SDI Expects Lower Q4 Profits

17 December 2019 - Planned outages, lower prices and seasonally lower shipments are likely to offset Steel Dynamics Inc.’s fourth-quarter profits, the company has said.

SMS Group Earns Final Acceptance Certificate for Ultrawide Slab Caster

17 December 2019 - China’s Shandong Iron & Steel Group Co. Ltd. has issued the final acceptance certificate on its new ultrawide slab caster, reports the machine’s builder, SMS group.

ArcelorMittal, Nippon Steel Look to Expand Essar Steel

16 December 2019 - ArcelorMittal and joint venture partner Nippon Steel Corp. have finalized their acquisition of Essar Steel India Ltd., completing a deal that gives both a foothold in the growing Indian steel market.

NLMK Lights Rebuilt Blast Furnace

16 December 2019 - NLMK has blown in a rebuilt blast furnace at its Lipetsk plant, concluding a project that began in May, the project contractor has announced.

Nucor Expects Q4 Profits to Dip, But Sees Improvement in 2020

16 December 2019 - Nucor Corp. is expecting its fourth-quarter profits to fall on account of lower steel prices and higher scrap prices, the company has said.

AISI Welcomes New Members

16 December 2019 - Two North American steelmakers have joined the ranks of the American Iron and Steel Institute (AISI), the association has announced.

Nucor Names New Board Chairman

13 December 2019 - Nucor Corp.’s board of directors has named metals executive and lead director John H. Walker as non-executive chairman and has elected incoming chief executive Leon J. Topalian as a director.

Here’s How Much Steel China is Forecast to Have Produced in 2019

12 December 2019 - China’s crude steel production is expected to reach 988 million metric tons this year, but decline slightly in 2020, according to the Reuters news service.

POSCO, HBIS Set Framework Agreement for Chinese JV

12 December 2019 - Asian steel majors POSCO and HBIS Group have signed a memorandum of understanding (MOU) on an automotive steel joint venture.

Report: Big River, Liberty Steel Eye Electrical Steel Plant

12 December 2019 - Tata Steel Europe will mothball rather than permanently close its electrical steel plant in Wales while two potential buyers, one of which is said to be Big River Steel, kick the tires on the facility, according to the South Wales Argus newspaper.

U. S. Steel Turns to Danieli for Slab Caster Improvement

12 December 2019 - United States Steel Corporation will revamp the C Line slab caster at its Gary Works in Indiana following the successful installation and commissioning of Danieli stopper-rod control systems, mold-level control sensors and automation packages on other units.

U.S. Steel Industry Seeks Speedy Ratification of New NAFTA Agreement

11 December 2019 - American steelmakers are calling for Congress to quickly ratify the United States-Mexico-Canada Agreement now that House Democrats and the Trump Administration have reached a deal.

Section 232 Tariffs on Argentinian, Brazilian Steel Uncertain

11 December 2019 - Although President Donald Trump last week tweeted that he would apply the Section 232 steel tariffs to Argentina and Brazil, such an action is only under consideration, a top White House official said Tuesday, according to reports.