Steel News

MORE Technology Selected for Planned EAF

30 December 2019 - Italian EAF specialist MORE S.r.l. will be outfitting a new furnace in Ohio with a number of technology packages, the company has announced.

Nippon Steel Nisshin to Halt Blast Furnace

26 December 2019 - Nippon Steel Nisshin Co. Ltd. plans to bank a blast furnace in southern Japan next year, saying that a slowing market and other factors necessitated the move.

Liberty Steel to Acquire Bankrupt Bayou Steel for US$28 Million

26 December 2019 - Sanjeev Gupta’s Liberty Steel Group has been named the preferred buyer for bankrupt long products maker Bayou Steel Group, which suddenly halted operations this fall and laid off more than 400 people.

Justice Department OKs IPSCO Acquisition

23 December 2019 - The U.S. Department of Justice has cleared Tenaris’ planned acquisition of PAO TMK’s North American unit, IPSCO Tubulars Inc.

Report: Trump Won’t Put Tariff on Brazilian Steel

23 December 2019 - The Trump administration won’t impose a 25% tariff on Brazilian steel and aluminum, the country’s president has said, according to The Hill newspaper.

Danieli Upgrades EAF at Acciaierie Fonderie Cividale

23 December 2019 - Danieli Automation has completed an upgrade to Acciaierie Fonderie Cividale’s 35-metric-ton AC electric arc furnace in Italy, the equipment supplier announced.

Olympic Steel Promotes COO to President

23 December 2019 - Ohio-based service center Olympic Steel Inc. has named chief operating officer Andrew S. Greiff as president, the company said Monday.

U. S. Steel Accelerates Best of Both Strategy

20 December 2019 - United States Steel Corporation plans to indefinitely idle parts of its Great Lakes Works in Michigan next year as it advances its “best of both” strategy, through which it intends to narrow its operational focus to a few core integrated assets and expand into electric arc furnace steelmaking.

ArcelorMittal Agrees to Continue Ilva Negotiations

20 December 2019 - ArcelorMittal and the Italian government have reached a non-binding agreement on a new path forward for the Ilva steel works and will continue to negotiate a new industrial plan, the company said Friday.

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.