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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.

Essar Algoma Lenders, Bondholders Set Recapitalization Plan

23 September 2016 - A majority of Essar Steel Algoma’s term lenders have settled on a recapitalization plan with the company’s bondholders, the Canadian steelmaker has announced.

'It's Never Easy to Resolve This Issue,' Says OECD Steel Committee Chairman

23 September 2016 - The outgoing chairman of the Organisation for Economic Co-operation and Development’s steel committee says “many difficulties lie ahead” as the world looks for agreements to bring steelmaking capacity in line with demand.

Chinese Steelmakers Trying to Evade U.S. Import Tariffs, American Steelmakers Allege

23 September 2016 - Several U.S. steelmakers are accusing their Chinese counterparts of circumventing newly imposed tariffs on cold-rolled and corrosion-resistant steels by diverting products into another country before exporting them.

New Cold Mill to Expand Nucor's Lineup of Specialty Steels

23 September 2016 - Nucor Corp. will add a US$230 million cold-rolling mill to its Arkansas sheet mill, giving it the ability to make some new, higher-value products, the company has announced.

Investment Firm Takes a Step Toward Acquiring U.S. Steel Canada

23 September 2016 - The Ontario provincial government and an American investment firm have set broader terms of a restructuring plan for U. S. Steel Canada Inc., which has been operating under creditor protection for two years.

Boasteel Merger May Just Be the Beginning of Chinese Steel Industry Consolidation

20 September 2016 - The merger of China’s Baosteel and Wuhan Iron and Steel Group might be the first of several mergers among the country’s steel producers, reports the Bloomberg news service.

Steel Dynamics Forecasts Rising Q3 Profits

20 September 2016 - U.S.-based Steel Dynamics Inc. said it expects to double its third-quarter per-share profit due to a widening gap between average steel prices and scrap costs.

Report: Proposed Merger of China's Baosteel, Wuhan Iron and Steel Wins Regulatory Approval

19 September 2016 - A plan to merge two of China’s largest steelmakers into a single entity with more than 60 million tons of capacity has received regulatory approval, reports Caixin magazine.

Harsco Wins US$40 Million Contract with South American Steelmaker

19 September 2016 - Mill contractor Harsco Corp. has signed a new US$40 million agreement with Chile’s largest steelmaker, CAP Huachipato, Harsco announced on Monday.

Union Workers at Republic Steel Ratify Labor Agreement

19 September 2016 - Members of the United Steelworkers have ratified a new, three-year labor agreement with Republic Steel, the union has announced.

Nucor Signs Deal to Acquire HSS Manufacturer

19 September 2016 - Nucor Corp. is acquiring structural tube manufacturer Independence Tube Corp. for US$435 million, a move that strengthens its grip on the non-residential construction market.

Steel Dynamics Subsidiary Plans Long Products Galvanizing Facility

16 September 2016 - Steel Dynamics Inc. is expanding its coatings capabilities, establishing a contract galvanizing shop in Kentucky that can treat long products and fabricated steel components.

Fill 'Er Up: Steel Mills Might One Day Become the Gas Stations for Commercial Jets

16 September 2016 - A U.S. company that is developing technology to convert carbon-based waste gasses into biofuels and chemicals says it has produced 1,500 gallons of jet fuel from steel mill emissions.

Coil Exports Begin Shipping From New Tata Steel Works

16 September 2016 - Tata Steel’s new Kalinganagar works has reached another milestone as ramps up operations, shipping its first hot-rolled coils for the export market.

Egyptian Rebar Maker Inaugurates New Steel Shop

16 September 2016 - Egypt’s El Marakby Steel has fired up a new meltshop and caster at its rebar plant in Giza, allowing it to make steel in-house.

SES Sets New Executive Team

15 September 2016 - Ohio-based SES LLC has appointed a company veteran to its helm and has promoted three others following the retirement of chief executive officer Don Batty.

Nucor Forecasts Rising Third-Quarter Earnings

15 September 2016 - Nucor Corp. said it expects to report third-quarter net earnings of between US$0.85 and US$0.90 per diluted share partly on account of improved profitability at its sheet mills and lessening pressure from imported products.

Amid Recession, Long Products Maker Gerdau Sending More Flat Steel Overseas

15 September 2016 - With the Brazilian economy in a deep recession, Gerdau SA is looking to sell flat steel into foreign markets, and is finding success.

Tenaris Plans November Restart of Idled Tube Mill

15 September 2016 - Tenaris plans to restart its idled seamless mill in Ontario, Canada, and is recalling between 120 and 150 union workers, the company has announced.

Metals Association Appoints New Managing Director

13 September 2016 - William T. Mahoney, an executive who helped to greatly increase revenues at a public research and development group in South Carolina, has been named managing director of ASM International, the Ohio-based association has announced.

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