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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.

China Ambassador Nominee Says He'd Work to Stop Steel Dumping

02 May 2017 - With compliments aplenty during his confirmation hearing on Tuesday, Iowa Gov. Terry Branstad is likely to be confirmed as the U.S. ambassador to China, according to reports.

Zoning Change Could Ruin Sale of Closed Mill, Says ArcelorMittal

01 May 2017 - A local zoning dispute has the potential to derail ArcelorMittal's plans to sell its shuttered wire rod mill in Georgetown, South Carolina, reports The Post and Courier newspaper.

Cliffs Natural Resources Sounds the NYSE's Closing Bell

01 May 2017 - In recognition of their company's 170th anniversary, Cliffs Natural Resources chairman and chief executive Lourenco Goncalves and the executive management team rang the NYSE's closing bell on Monday.

Investment Firm Acquires Majority Stake in Steel Fabricator

01 May 2017 - New York-based investment firm Alleghany Capital Corp. has acquired a majority interest in W&W|AFCO Steel, one of the largest structural steel fabrication and erection companies in North America, the companies announced on Monday.

DRI Plant Still in the Works for Cliffs

28 April 2017 - Iron ore miner Cliffs Natural Resources said it remains committed to building a direct-reduction plant and intends to make preliminary investments in the project in 2018, chief executive Lourenco Goncalves said Thursday.

Vallourec Names Chief Digital Officer

28 April 2017 - French tubemaker Vallourec has appointed Barthélémy Longueville as its chief digital officer, the company has announced.

AK Steel Introduces Its Latest Advanced Steels to Automakers

28 April 2017 - AK Steel Corp. has delivered the first samples of its NEXMET 1000 and 1200 advanced high-strength steels to automotive customers, the company’s chief executive said.

Coal Prices, China Capacity Pose Challenges for Japan's Steelmakers

28 April 2017 - Japan’s three top steelmakers are successfully passing along higher raw materials costs to customers, but challenges remain as they start a new fiscal year, reports the Nikkei Asian Review.

Lincoln Electric Signs Deal to Acquire European Counterpart

27 April 2017 - Welding equipment and consumables manufacturer Lincoln Electric Holdings Inc. is acquiring Air Liquide’s welding equipment subsidiary for about US$125 million, the company announced on Thursday.

New Ownership Taking Over Unfinished Minnesota Taconite Project

27 April 2017 - A Virginia billionaire and partners who include the United Kingdom’s Liberty House Group submitted the winning bid for the former Essar Steel Minnesota on Wednesday, offering to buy the half-finished taconite mine and pellet plant for US$550 million, reports the Minneapolis Star Tribune.

U. S. Steel to Restart Idled Tube Mill

26 April 2017 - United States Steel Corp. said it is restarting an idled electric-weld tube line in Texas and has reconsidered the closing of a pipe processing line in Ohio.

Koch Knight Acquiring DURO Line of Chemical-Resistant Bricks

26 April 2017 - Refractories maker Fuzion Technologies Inc. is selling its DURO product line to Koch Knight LLC for an undisclosed amount, according to an announcement.

U. S. Steel Speeds Up Mill Upgrades at the Expense of Near-Term Earnings

26 April 2017 - United States Steel Corp. shares slid nearly 27% on Wednesday after the integrated steelmaker posted an unexpected US$180 million loss and said an accelerated plan to rehab its mills would cut into future earnings.

As Market Conditions Improve, Steelmakers Appear Ready to Invest

26 April 2017 - Steel prices and demand appear to beginning to recover, and steelmakers are starting to lay new bets on gradual improvement, reports the Bloomberg new service.

Trump's Trade Stance Worries Japanese Steelmakers

25 April 2017 - Japan Iron and Steel Federation chairman Kosei Shindo said the country’s steelmakers are concerned by what they said is U.S. President Donald Trump’s protectionism, reports the Reuters news service.

New Contract Expands Harsco's Middle Eastern Mill Portfolio

25 April 2017 - Mill contractor Harsco Corp. has landed a US$60 million agreement to provide services to a new rebar and wire rod plant in Egypt, the company announced Tuesday.

U.K. Steelmaker to Acquire American Rod Mill

21 April 2017 - Liberty House Group, a commodities trader and steelmaker that has cobbled together a portfolio of U.K. production facilities, has a deal to acquire a shuttered mill in the United States.

Stelco Sale Wins Support of Salaried Employees

20 April 2017 - A Canadian steelmaker said it now has handshake agreements with salaried employees and retirees on a proposed acquisition plan.

Tenova Wins Order for Reheat Furnace

20 April 2017 - NLMK has awarded a contract to Tenova for a new walking beam furnace at its Lipetsk, Russia, mill.

Investigation to Assess National Security Risks of Steel Imports

20 April 2017 - The Trump Administration has opened an investigation into whether steel imports are threatening national security, invoking a seldom-used, 55-year-old law that gives the president the right to restrict imports due to national security concerns.

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