Steel News

Chinese Induction Furnaces Find New Life in Other Asian Countries

18 December 2018 - In 2017, China said it lopped about 120 million metric tons of production capacity by closing induction furnaces at more than 600 companies.

Here's Who Tata Steel and thyssenkrupp Have Named to Lead Their European Joint Venture

17 December 2018 - Tata Steel and thyssenkrupp have assembled the senior leadership team for their planned European joint venture, naming a thyssenkrupp executive to oversee an entity that will be Europe’s second-largest steelmaker.

Chinese Steelmaker Signs On for US$4.4B Investment in the Philippines

17 December 2018 - China’s HBIS Group Co. Ltd. and others have signed a memorandum of understanding on a plan to build a US$4.4 billion integrated steelworks in the Philippines.

Kobe Steel Targets Increased Wire Rod Processing Capacity in China

17 December 2018 - Kobe Steel Ltd.’s joint-venture wire rod processing business in China will invest 900 million yen (about US$8 million) to expand capacity there, its fifth such capacity expansion since 2009.

GFG Alliance Lays Out an Ambitious Plan to Build a Very Large Steel Works

13 December 2018 - The Gupta family’s GFG Alliance is committing more than AU$600 million toward upgrades to its iconic steelworks in Whyalla, Australia, and is planning construction of a massive steelmaking plant at the site, the company has announced.

JSW Executive Discusses Plans for Ohio Mill

13 December 2018 - JSW Steel’s Mingo Junction plant in Ohio has restarted its electric arc furnace, is bringing the caster on-line and plans to have as many 1,000 people eventually working on site, reports The (Wheeling, W.Va.) Intelligencer.

SSAB Wraps Up Pickling Line Upgrade

13 December 2018 - Swedish steelmaker SSAB has completed a SEK370 million (US$40.9 million) project to modernize the entry section on its Hämeenlinna Works pickling line, the company said Thursday.

JSW to Pushes Forward on Meltshop Restart

12 December 2018 - JSW Steel reportedly is planning to run a test on the caster at its Mingo Junction, Ohio, plant as it looks to restart the facility's meltshop.

Cleveland-Cliffs Appoints New COO

12 December 2018 - Iron ore miner Cleveland-Cliffs Inc. has named executive vice president Clifford T. Smith as chief operating officer, the company has announced.

Ovako Upgrades EAF With Spray-Cooled Roof

12 December 2018 - Swedish steelmaker Ovako has commissioned a new roof on the electric arc furnace at its Horfors plant, according to the equipment supplier on the project.

Section 232 Tariffs Have Fostered Job Creation, Capital Investment, Think Tank Says

11 December 2018 - The Section 232 steel and aluminum tariffs haven’t yielded the disastrous economic consequences some had predicted and, in fact, have created new jobs and allowed for renewed capital investment, an economic think tank argues in a new paper.

Mittal Calls for Green Tax on Steel Imported Into Europe

11 December 2018 - ArcelorMittal executives on Tuesday said Europe ought to tax imported steel under the terms of its Emissions Trading System as a way to prod foreign producers into reducing emissions and maintain a level playing field for domestic producers.

Primetals Technologies Bags Order for 140-Metric-Ton LMF

11 December 2018 - China’s largest privately owned steelmaker, Jiangsu Shagang Group Company Ltd., has ordered a twin-ladle metallurgy furnace from Primetals Technologies, the equipment supplier has announced.

Here's China's Next Big Pollution Battle: Slag Piles

11 December 2018 - China has been trying to crack down on air pollution generated by its steel industry. Now, it’s targeting another type of pollution created by the mills – the thousands of slag piles that dot the country.

Report: New USW Contracts Include Promises for Mill Investments

10 December 2018 - America’ s two largest integrated producers, United States Steel Corporation and ArcelorMittal USA, collectively will put $5.6 billion toward improvements at their mills as part of newly ratified labor agreements.

China Steel Production Could Reach Record Level in 2018

10 December 2018 - A government consultancy is forecasting China’s crude steel production to reach a record 923 million metric tons this year, reports the Reuters news service.

Algoma Exits Creditor Protection, Sets CA$300M Reinvestment Plan

06 December 2018 - Canadian steelmaker Algoma Steel Inc. has emerged from creditor protection as an independent entity, ending three years of uncertainty about its future.

Steel Processor to Move HQ, Plant Operations to Indiana

06 December 2018 - Flat-rolled steel processor Alliance Steel plans to spend US$19.7 million to move its headquarters from Illinois to Gary, Ind., USA.

Primetals Technologies to replace a second CAP ACERO converter

06 December 2018 - Compania Siderurgica Huachipato S.A. (CAP ACERO) has awarded Primetals Technologies a follow-up order to replace LD (BOF) converter #1 in its Talcahuano, Chile works following Primetals Technologies’ successful start-up of converter #2 in May 2018.

Synalloy Signs Deal to Acquire American Stainless Tubing Inc.

06 December 2018 - Stainless pipe maker Synalloy Corp. is acquiring North Carolina-based American Stainless Tubing Inc. (ASTI) for US$27 million to US$28 million, Synalloy has announced.