Steel News

Report: U. S. Steel Union Employees in Line for Raises

17 October 2018 - Union employees at United States Steel Corporation will see their wages cumulatively increase 14% over the next four years if they ratify a tentative labor agreement, the Reuters news service reports.

To Allow for Essar Steel Acquisition, ArcelorMittal Agrees to Pay Off US$1B in Debt

17 October 2018 - ArcelorMittal said it is prepared to pay off the equivalent of about US$1 billion in debt on two businesses in which it had held ownership stakes in order to win approval to buy another.

Global Steel Demand Predicted to Rise This Year

16 October 2018 - Worldwide steel demand is expected to grow 3.9% this year on the underlying health of developed and emerging economies, according to the World Steel Association.

U. S. Steel, USW Agree on Four-Year Labor Deal

16 October 2018 - United States Steel Corporation and the United Steelworkers union have reached a tentative, four-year labor agreement, the union and the steelmaker have announced.

Report: Trump Administration Looks for Quotas on Mexican Steel

16 October 2018 - As part of discussion to lift the 25% tariff on steel imports with Mexico, U.S. negotiators are proposing a quota on Mexican imports, according to the Reuters news service.

Steelmaker Targets Heavier Bar-in-Coil Weights Through Mill Upgrade

16 October 2018 - South Korean long products producer DaehanSteel Co. Ltd. has awarded a contract to SMS group for upgrades to a rolling mill at the company’s Pyeongtaek plant.

Looking to Block Diverted Steel, Canada Imposes Tariff on Seven Products

12 October 2018 - Canada is imposing a provisional tariff on seven steel products, saying the safeguard measure is necessary to prevent its home markets from being flooded with steel that would have been sold into the U.S., if not for the Trump administration’s Section 232 tariffs.

Liberty House Adds Four European Steel Plants to Growing List of Assets

12 October 2018 - Sanjeev Gupta’s Liberty House Group has signed an agreement to buy four ArcelorMittal facilities in Europe, an acquisition that will double its rolling capacity to more than 15 million metric tons annually.

United Steelworkers Ratify Cleveland-Cliffs Labor Deal

12 October 2018 - Union workers at iron ore miner Cleveland-Cliffs Inc. have ratified a four-year labor agreement with the company.

Primetals Technologies Announces Improvements to Michigan Service Shop

12 October 2018 - Primetals Technologies has upgraded its Benton Harbor, Mich., USA, service workshop, making enhancements that will allow it meet increased demand for continuous caster mold refurbishments.

U.S. Energy Department Awards US$1.2M Research Grant to AK Steel

11 October 2018 - AK Steel Corp. has won a US$1.2 million federal grant that will support research into new low-density steels that in the future could provide automakers with another option for lightweighting materials.

U. S. Steel Blast Furnace Once Again Making Hot Metal

11 October 2018 - Roughly four months after restarting the B furnace at its Granite City Works in Illinois, United States Steel Corporation has brought back up the facility’s A furnace.

Coke Plant Pipeline Fire Claims Nine

09 October 2018 - Nine people were killed and 14 others were injured Tuesday morning after a gas line caught fire at the Steel Authority of India Ltd.'s Bhilai works.

Commerce Secretary Ross Sees Higher Wages Awaiting Steelworkers

09 October 2018 - U.S. Commerce Secretary Wilbur Ross said he believes United Steelworkers members could see pay increases as a result of labor negotiations with United States Steel Corporation and ArcelorMittal USA.

Paul Wurth Completes Expedited Repair of Italian Blast Furnace

09 October 2018 - Blast furnace specialist Paul Wurth recently completed a fast-track repair at the Arvedi Group’s Siderurgica Triestina plant in Trieste, Italy.

Motion Industries Closes on Deal to Acquire Hydraulics Distribution Business

09 October 2018 - Industrial parts supplier Motion Industries Inc. has completed its acquisition of hydraulics and pneumatics distributor Hydraulic Supply Co., the company said on Monday.

How's Business? Very Good, U.S. Manufacturers Say

08 October 2018 - Buoyed by favorable polices and global economic health, U.S. manufacturers overwhelmingly say they are optimistic about the prospects for their businesses.

Turkey to Impose Its Own Steel Safeguard Measures

08 October 2018 - Turkey is setting a quota on imported steel as trade measures in the U.S. and elsewhere deflect foreign steel into the Turkish market, according to the Reuters news service.

Revamped Cold Mill Runs Its First Coil

08 October 2018 - China’s Masteel has completed upgrades to a reverse cold mill at its Maanshan plant in the Anhui province and has begun producing coils, reports the equipment supplier on the project.

SMA Presents Awards for Safety, Environmental Stewardship and Community Involvement

08 October 2018 - The Steel Manufacturers Association has recognized a Steel Dynamics Inc. employee for his on-going efforts to improve the industry’s safety.