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Latest News
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.
Texas Plant Marks Start of Plate Mill Expansion
22 October 2018 - JSW Steel’s U.S. unit has broken ground on a multi-million dollar expansion of its Texas plate and pipe mill.
Uddeholm Starts Up New ESR Furnace
22 October 2018 - Swedish tool steel manufacturer Uddeholm has tapped the first heat on a new electro-slag remelting (ESR) furnace at its plant in Hagfors, according to the furnace builder, INTECO.
ArcelorMittal Draws Closer to Tying Up Essar Steel Deal
22 October 2018 - ArcelorMittal has been declared the preferred bidder for India’s Essar Steel Ltd., bringing the world’s biggest steel producer one step closer to securing a manufacturing base in India.
Steel OEMs Considering Indian Joint Ventures, Investments Worth US$5 Billion
18 October 2018 - Indian officials expect that domestic equipment builders, foreign technology suppliers and steel mills will sign US$5 billion worth of investment agreements next week, reports the (India) Economic Times.
Nucor, SDI Report Hefty Q3 Profits
18 October 2018 - America’s two biggest electric arc furnace producers each saw third-quarter profits rise on higher prices and shipments, they reported on Thursday.
Keep International Committee on Excess Capacity Going, World Steel Chairman Says
17 October 2018 - The World Steel Association’s outgoing chairman said a global body aimed at reducing excess steel capacity is making inroads and should be allowed to continue its work.
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.
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