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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.

U. S. Steel Sets Temporary Leadership for Tubular Business

05 February 2018 - United States Steel Corporation has named senior vice president Douglas R. Matthews as the interim head of its tubular business.

Europe Has a Big Overcapacity Problem, voestalpine Executive Says

05 February 2018 - About 20% of Europe’s steelmaking capacity is redundant, and companies should look to close mills while re-orienting themselves toward greater production of higher-end steel, voestalpine AG chief executive Wolfgang Eder tells The (London) Financial Times.

Report: Nucor Eyes Sunshine State for US$227 Million Investment

05 February 2018 - Nucor Corp. reportedly is considering building a US$227 million facility in central Florida, according to The (Lakeland, Fla.) Ledger.

ANDRITZ Accepts Order for French Galvanizing Line Furnace

05 February 2018 - ArcelorMittal Atlantique & Lorraine S.A.S. has ordered a direct-fired furnace from the ANDRITZ technology group in support of a EUR67 million coating line conversion.

Trump Pushes for US$1.5 Trillion Infrastructure Plan

01 February 2018 - Delivering his first State of the Union address on Tuesday, U. S. President Donald Trump called for a US$1.5 trillion infrastructure plan to rebuild America’s crumbling roads and bridges. 

U. S. Steel Posts Quarterly, Yearly Profit

01 February 2018 - United States Steel Corporation returned to full-year profitability in 2017 as the iconic Pittsburgh steelmaker recorded net earnings of US$387 million. 

AK Steel Completes Mill Upgrades, Explains Cause of Steel Spill

31 January 2018 - AK Steel recently completed US$26 million in upgrades to its Mansfield and Middletown works in Ohio, bringing the projects in on time and without incident, executives reported on Tuesday.  

GrafTech Names U. S. Steel SVP as Chief Executive

31 January 2018 - Steel industry veteran and United States Steel Corporation executive David J. Rintoul has been named president and chief executive of electrode manufacturer GrafTech International Ltd.

Gerdau Reaches Deal to Sell Texas Mill

31 January 2018 - Looking to focus more on its value-added business, Gerdau SA said Wednesday that it is divesting its Beaumont, Texas, USA, wire rod mill and two downstream facilities.

Nucor Earnings Rise on Increased Shipments, Prices

30 January 2018 - Nucor Corp. saw its full-year profits rise 66% to US$1.3 billion, owing in part to higher steel prices and increased shipments, the steelmaker reported on Tuesday. 

Mesabi Metallics Finds Potential Pellet Customers in China

30 January 2018 - Iron ore investor Tom Clarke, who is attempting to revive the stalled Essar Steel Minnesota taconite project, tells the Duluth (Minn.) News Tribune newspaper that he has preliminary off-take agreements with Chinese steelmakers.  

TMK IPSCO Launches IPO, Aims to Raise More than US$465M

30 January 2018 - The American arm of Russian tubemaker PAO TMK has launched its initial public offering at US$20 to US$23 per share. 

Gerdau Upsizes Blooms at Michigan Mill

29 January 2018 - In an effort to improve steel cleanliness and better serve customers, Gerdau’s special bar quality mill in Monroe, Mich., USA, plans to begin producing 240-mm square blooms this fall. 

Swiss Steelmaker Makes Prevailing Offer for Troubled French Company

29 January 2018 - A Swiss specialty long steel manufacturer has been named the preferred bidder for France’s Ascometal, according to the Reuters news service. 

Iranian Pipe Mill Calls on SMS group for Upgrades

29 January 2018 - SMS group has signed a signed a comprehensive service and modernization contract with Sadid Industrial Group’s Mahshahr pipe mill, the equipment supplier has announced. 

Report: Steel Giants Team Up in Bid for Indian Manufacturer

29 January 2018 - Nippon Steel & Sumitomo Metal Corp. and ArcelorMittal are going in together on a bid for India’s Essar Steel, reports The (India) Economic Times. 

Steel Association Hopes for Quick Decision on Section 232 Action

25 January 2018 - The Steel Manufacturers Association is urging U.S. President Donald Trump to make a speedy decision on the course of action he’ll take relative to the Commerce Department’s Section 232 investigation. 

ATI Joint Venture Initiates Sheet Production

25 January 2018 - Stainless and specialty alloys manufacturer Allegheny Technologies Inc. (ATI) has made some early production runs of stainless sheet produced through its joint venture with China’s Tsingshan Group.  

Canadian Plant Targets 100K Ton Lift in Capacity Through Capital Upgrades

25 January 2018 - ArcelorMittal Long Products Canada will invest nearly CA$70 million (approximately US$56.8 million) in its Contrecoeur, Que., facilities over the next three years, the company has announced. 

World Steel Association: Global Production Rose in 2017

24 January 2018 - Global crude steel production rose 5.3% in 2017, according to preliminary data from the World Steel Association. 

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