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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.

Aided by Its North American Sheet Mill, BlueScope's Fortunes Rise in Fiscal 2016

22 August 2016 - Australia’s BlueScope Steel more than doubled its underlying net profits in fiscal 2016 due in part to higher sales and cost reductions as well as to having taken full ownership of its U.S. sheet mill.

AK Steel Begins Marketing New High-Strength Auto Steels

22 August 2016 - AK Steel Corp. is launching a new line of high-strength, lightweight steels intended to help automakers reduce the weight of their vehicles, the Ohio-based steelmaker announced on Monday.

Essar Algoma Sale to Take More Time to Finalize

19 August 2016 - The group of lenders proposing to acquire Canada’s Essar Steel Algoma is continuing to negotiate the sale with the company’s bondholders, federal and provincial governments and the United Steelworkers union, but a closing doesn’t yet appear to be at hand, according to a court filing.

To Cut Its Debt, TMK Considers Selling Foreign Assets

19 August 2016 - Tubemaker TMK might sell some of its assets as it looks to pare US$2.5 billion in net debt, reports the Reuters news service.

EVRAZ Sees North American Sales for Rail, Tube Decline

19 August 2016 - Russia’s EVRAZ saw its sales fall nearly 28 percent in the first half of 2016, primarily on lower prices and weaker demand. But the second quarter brought about improving conditions, and the company is therefore “cautiously optimistic” about the second half, it said on Thursday.

New Steelworks Reaches 100,000 Metric Tons of Monthly Production

19 August 2016 - Tata Steel managing director T.V. Narendran said the company’s Kalinganagar steel works produced 100,000 metric tons of steel in July as the company continues to ramp up production at the new facility.

Indonesian Steelmaker to Fire Up New Strip Mill in 2019

18 August 2016 - Indonesia’s PT Krakatau Steel has ordered a new hot strip mill for its integrated steel works on the island of Java.

Report: The World's Biggest Steelmakers Owe More Than US$150B

18 August 2016 - The world’s 30 largest steelmakers are collectively saddled with net debts of US$150 billion, an average of US$5 billion apiece, and some steelmakers appear to be on the verge of bankruptcy, according to professional services firm Ernst & Young.

Skyline Steel Adding Straight-Seam Welding to Mississippi Plant

18 August 2016 - Pilings maker Skyline Steel is investing US$15 million in its Iuka, Miss., plant to add additional pipe-making capabilities.

voestalpine to Expand North American Auto Parts Manufacturing Capacity

18 August 2016 - Austrian steelmaker voestalpine said it will expand its U.S. auto body parts plant and build another after landing an EUR$500 million order for automotive components, the company announced on Wednesday.

Slab Caster at New Brazilian Steel Works Now in Operation

17 August 2016 - Startup Brazilian steelmaker Companhia Siderúrgica do Pecém (CSP) has put its new two-strand continuous slab caster into service, according to the equipment vendor, Primetals Technologies.

Harsco Promotes Longtime Employee to Executive Ranks

17 August 2016 - Mill services contractor Harsco has promoted a company veteran to the newly created role of chief operating officer in its metals and minerals unit.

U.S. Trade Commission Affirms Duties on Certain Pipe and Tube Imports

17 August 2016 - The U.S. International Trade Commission has signed off on anti-dumping duties against imported heavy-walled, welded carbon pipe and tube from three countries.

Gerdau to Idle Kentucky Bar Mill

17 August 2016 - Gerdau is planning to idle its Calvert City, Ky., USA, bar mill by the end of November, blaming the world’s excess steelmaking capacity, according to reports.

Tata Steel, Indian University Establishing New Research Center

16 August 2016 - Tata Steel and Indian Institute of Technology Madras have signed an agreement on establishing anadvanced materials research center, reports The Hindu newspaper.

Bloomberg: China Falling Behind on Capacity Reduction Goal

16 August 2016 - A recent upturn in coal and steel prices is testing the determination of Chinese provinces and companies to cut excess capacity, and, in fact, have put the country behind early goals for doing so, according to the Bloomberg news service.

This Isn't Hot Air: Praxair, Linde Discussing Possible Merger

16 August 2016 - Industrial gas supplier Praxair Inc. said it is discussing a possible merger with Germany’s Linde AG, the company announced on Tuesday.

Cliffs Reaches Long-Term Power Deal for Michigan Mine

16 August 2016 - Cliffs Natural Resources Inc.’s Tilden Mining division has signed a long-term power supply agreement with WEC Energy Group, the iron ore miner has announced.

Cliffs Natural Resources Breaks Ground on Pellet Project

15 August 2016 - North American iron ore miner Cliffs Natural Resources has broken ground on a US$65 million project that will allow for production of its new superflux pellet.

Report: Steel's Recovery Might Already Be Running Out of Gas

15 August 2016 - Despite signs of growth in 2016, the steel industry continues to face the same problems -- a glut of capacity throughout the world and high export volumes from China. And that is leading some to question the sustainability of the current recovery, reports the Bloomberg news service.

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