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.
Steel of West Virginia's Timothy Duke Announces Retirement (Update)
14 December 2017 - Timothy R. Duke, Steel of West Virginia Inc.'s veteran chief executive, said he’ll retire at year’s end, concluding a 31-year career with the company.
SSAB Reaches Settlement Over Unplanned Outage
13 December 2017 - Sweden’s SSAB has settled with its insurance company and an equipment supplier for SEK315 million (approximately US$37.4 million) over an unplanned shutdown in late 2016 and early 2017.
Tenaris Opens Bay City Seamless Mill
13 December 2017 - Tenaris cut the ribbon on its new US$1.8 billion seamless tube mill in Bay City, Texas, on Monday, ceremonially opening a mill that has been in the works for nearly five years.
SAIL Board of Directors OKs Term Sheet for Auto Steel Joint Venture
13 December 2017 - The board of directors at the Steel of Authority of India Ltd. has voted to proceed with planning for a joint-venture automotive steel plant with ArcelorMittal, reports the Press Trust of India.
Stelco Cashes Out US$100 Million in Raw Materials Inventory
12 December 2017 - Canada’s Stelco has closed on a deal that monetizes its raw materials inventory, generating US$100 million in proceeds, the company announced.
Cleveland-Cliffs Picks Up New Iron Ore Acreage in Minnesota
12 December 2017 - Iron ore miner Cleveland-Cliffs Inc. has acquired ore-bearing property next to the former Essar Steel Minnesota project, a move that muddies the future for the company trying to advance the bankrupt mine and pellet plant.
JFE Steel Selects Equipment Supplier for Replacement Sintering Plant
12 December 2017 - Primetals Technologies has won a contract to build a 4.8-million-metric-ton sinter plant for Japan’s JFE Steel, the equipment supplier has announced.
Swiss Steel to Trial Quality Control Software Package
12 December 2017 - SCHMOLZ + BICKENBACH Group’s Swiss Steel Emmenbrücke has placed an order with MET/Con for a quality management system, according to an announcement.
India Sees Two New Mills on the Horizon
08 December 2017 - India’s central government is looking at setting up an electric arc furnace mill in the state of Telangana, according to reports.
Allegheny Technologies Bags Big Order for Pipeline Repair
08 December 2017 - Stainless and specialty alloy producer Allegheny Technologies Inc. has landed a US$30 million order related to a pipeline repair project, the company has announced.
Sandvik Strikes Deal to Sell Tooling Components Manufacturer
08 December 2017 - U.S.-based private equity firm KKR has reached an agreement to acquire Sandvik Hyperion, a manufacturer of industrial tooling components, for about US$472.3 million.
Partnership Aims to Improve Services for Japan's Continuous Casting Plants
08 December 2017 - SMS group K.K. in Japan has established a partnership with Japan Engineering Network Co. (JEN) to provide repair services for continuous casting molds.
Commerce Department Slaps Tariffs on Steel Made in China but Finished in Vietnam
07 December 2017 - In a precedent-setting decision, the U.S. Department of Commerce has ruled that China is circumventing steel tariffs by shipping products to Vietnam for finishing before exporting them to the United States.
Chinese Mill Issues Acceptance Certificate on Caster Upgrades
07 December 2017 - China’s Changzhou Zhongtian Iron & Steel has signed off on upgrades to a continuous bloom caster at its mill, according to the equipment supplier on the project.
Global Steel Production Grew in 2016. Here's How Much.
05 December 2017 - Global crude steel production rose 0.5% to nearly 1.63 billion metric tons in 2016, according to the World Steel Association’s latest annual statistical yearbook.
SMS group Lands Supporting Order for Galvanizing Line Project
05 December 2017 - SMS group has received a supplementary order for a production planning system to serve the US$176 million pickling and galvanizing line it is building for Nucor Corp.’s Gallatin sheet mill in Kentucky.
Indian Steelmaker Lights New Blast Furnace
05 December 2017 - India’s Bhushan Power & Steel Ltd. has tapped the first batch of hot metal from the new No. 2 blast furnace at its Rengali facility in Odisha, according to the furnace builder.
Third Time's a Charm: Steelworkers Ratify Labor Agreement with TimkenSteel
05 December 2017 - Members of the United Steelworkers union have overwhelmingly ratified a four-year labor agreement with TimkenSteel Corp., the company has announced.
Steel Countries Reach Initial Agreement on Excess Capacity
01 December 2017 - Roughly three dozen nations have agreed to a set of principles addressing the world’s excess steel capacity, but some industry representatives say more action is needed to solve the problem.
TMK IPSCO Proposes Initial Public Offering
01 December 2017 - TMK’s U.S. subsidiary is preparing to go public, announcing Thursday that has filed a preliminary registration statement with the Securities and Exchange Commission.
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