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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.

Looking to Reduce Debt, CSN Eyes Asset Sales

28 March 2018 - Companhia Siderurgica Nacional chief executive Benjamin Steinbruch said the Brazilian steelmaker is planning to sell between US$600 and US$901 million worth of assets this year to pay down debt, reports the Reuters news service.

Steel Tariffs Prompt EU to Launch Safeguard Investigation

27 March 2018 - Fearing that President Trump’s Section 232 steel tariffs will create a surge of diverted imports, the European Commission has opened a safeguard investigation on 26 products.

Deadline to Save Canadian Bar Maker Passes Without an Offer

27 March 2018 - Canadian SBQ maker Hamilton Specialty Bar (2007) Inc. is to be liquidated after a would-be buyer failed to finalize an offer for the business.

New Mill to Expand Carpenter Technology's Soft Magnetics Capabilities

27 March 2018 - Carpenter Technology Corp. has announced plans to build a US$100 million hot strip mill at its Reading, Pa., USA, plant, expanding its capability to produce soft magnetic alloys.

ArcelorMittal Disputes Disqualification of Essar Steel Bid

27 March 2018 - ArcelorMittal is challenging the disqualification of its bid for Essar Steel Ltd. under Indian insolvency proceedings, reports the (London) Financial Times.

South Korea Secures Permanent Exemption to U.S. Steel Tariff

26 March 2018 - U.S. officials have agreed to exempt South Korea from the Section 232 tariffs in exchange for limits on the amount of steel it exports to the U.S.

JSW Steel Eyes US$500M Investment in Texas Mill

26 March 2018 - JSW Steel could invest up to US$500 million in its plate and pipe mill in Texas and add a hot end to the facility, according to an announcement.

Some U.S. Allies Granted Provisional Exemption to Steel Tariff

22 March 2018 - U. S. Trade Representative Robert Lighthizer said the European Union and four countries will be granted an initial pass on the Section 232 steel tariffs that go into effect Friday.

GrafTech Prepares for Return to NYSE

22 March 2018 - Graphite electrode manufacturer GrafTech International is looking to raise upwards of US$100 million through an initial public offering, reports Crain’s Cleveland Business.

Essar Steel Creditors Call for Redo on Bidding

22 March 2018 - Essar Steel Ltd.’s creditors committee has rejected offers from both ArcelorMittal and an entity led by a Russian bank on grounds that both were ineligible to bid under Indian insolvency rules, according to reports.

Deadline for Hamilton Specialty Bar Sale Draws Near

22 March 2018 - An investment firm is scrambling to finalize a bid for insolvent SBQ maker Hamilton Specialty Bar in Canada before a deadline Monday.

Trump Administration Opens Tariff Exemption Talks

21 March 2018 - The Trump administration is discussing potential country-level exemptions to the steel and aluminum tariffs with the European Union, Australia, Argentina and, soon, Brazil, reports the Bloomberg news service.

HarbisonWalker Begins Firing Up Ohio Refractories Facility

21 March 2018 - U.S. refractories manufacturer HarbisonWalker International has finished construction of its new monolithic refractories plant and is starting up operations.

Big River Might Make Expansion Decision Soon

20 March 2018 - Big River Steel executive Mark Bula said he believes his company will make the call on an expansion sometime this year.

Consultant: New Oil, Gas Wells Will Be Plentiful, Deeper and Steel Intensive

20 March 2018 - U.S. oil and gas exploration companies are forecast to drill around 16,000 new wells annually over the next five years, supporting demand for oil country tubular goods and line pipe, according to S&P Global Platts consultant Nicole Leonard.

A New Business for Old Blast Furnaces? Probably Not, Says Cliffs CEO

20 March 2018 - Although idled North American blast furnaces conceivably could find a second life producing merchant pig iron, the likelihood that they will is low, said Lourenco Goncalves, chairman and chief executive of iron ore miner Cleveland-Cliffs Inc.

Policy Expert Criticizes Argument Behind Section 232 Decision

20 March 2018 - The Trump administration fails to make an adequate argument for imposing steel tariffs on national security concerns and will likely face numerous legal challenges, a former economic and trade policy adviser to President Bush said on Tuesday.

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