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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.

Steel Associations Urge China to Continue Discussing Global Excess Capacity

09 May 2016 - Ten steel associations in North and South America and Europe said they are disappointed that China declined to commit to further action on its excess steelmaking capacity, but are urging the country to be involved in future conversations on the topic.

Steel Companies Look to Buy Italian Steel Works

09 May 2016 - Italian steel processor Marcegaglia Group and ArcelorMittal have made an offer for the Ilva mill, Italy’s largest steel works, reports the Reuters new agency.

New Alliance Brings Together Four European Manufacturers

09 May 2016 - Four European mill suppliers, two in Germany and two in Italy, have formed a strategic alliance to offer tailored services to steelmakers.

Two Teams Vying for Tata Steel's U.K. Business

09 May 2016 - The deadline to submit preliminary offers for Tata Steel's U.K. division has passed, and details of the two investment teams looking to buy the operation have emerged.

ArcelorMittal Sees Another Quarter in the Red

06 May 2016 - The world's largest steelmaker posted another unprofitable quarter on Friday, recording a net loss of US$416 million due to low steel prices.

India Considers Plan to Steer Capital to Steelmakers

06 May 2016 - The Indian government is thinking about establishing steel-specific investment fund that would help support capital projects, reports The (India) Economic Times.

American Iron and Steel Institute Names New Chairman

05 May 2016 - Nucor Corp. chairman and chief executive John Ferriola has been named chairman of the American Iron and Steel Institute.

Jindal Steel Plans to Pay Down Debt Through Mill, Mine Sales

04 May 2016 - India’s Jindal Steel and Power is hoping to sell more steel and coal assets as a way to cut its US$6.91 billion in debt, according to the Reuters news service.

Newly Acquired Long Products Business Names Three to Executive Team

04 May 2016 - Black Diamond Capital Management, the private equity firm that acquired much of ArcelorMittal’s U.S. long carbon business earlier this year, is assembling its new executive team and has appointed industry veteran Robert Simon to its helm.

U. S. Steel Issuing Nearly US$1 Billion In New Bonds

03 May 2016 - United States Steel Corporation is nearly doubling the amount of new debt it plans to issue to repay maturing borrowings.

Canadian Pipe Mill Undertakes Short-Term Layoffs

03 May 2016 - Evraz North America is laying off 90 employees at its 24-inch pipe mill in Regina, Canada, and may send home 49 others at its mill in Calgary, reports the Regina Leader-Post newspaper.

ArcelorMittal Plans Upgrades to Rail Mill

02 May 2016 - ArcelorMittal is modernizing its rail rolling mill in Spain in a bid to improve its flexibility and efficiency, the vendor on the project has announced.

Vallourec Completes Sale of Heat Exchanger Tube Business

02 May 2016 - French tubemaker Vallourec has closed on its divestment of its heat exchanger tube business, the company has announced.

Halliburton, Baker Hughes Call Off the Wedding

02 May 2016 - Oilfield services companies Halliburton and Baker Hughes Inc. have called off their multibillion merger amid the energy slump and opposition from regulators.

SSAB Trims Payroll In Sweden, Pares Office Jobs

02 May 2016 - Swedish steelmaker SSAB has concluded negotiations with employees over proposed layoffs and will cut 262 office jobs from its Nordic operations, the company has announced.

Cliffs Natural Resources, Essar Steel Reach Settlement

29 April 2016 - Canada’s Essar Steel Algoma has settled its dispute with iron ore miner Cliffs Natural Resources over their pellet supply agreement, the steelmaker has announced

Commercial Metals Marks Start of Oklahoma Mill Construction

29 April 2016 - U.S.-based Commercial Metals Co. broke ground on its new micro-mill in Oklahoma on Friday, kicking off a project that will help the company expand into five states.

ArcelorMittal, Steelworkers Union Come to Terms on New Labor Agreement

29 April 2016 - The United Steelworkers union has reached a tentative, three-year labor agreement with ArcelorMittal USA, the union has announced.

Stolen Data Helped Chinese Producer Quickly Commercialize Ultra High-Strength Steel, Alleges U. S. Steel

28 April 2016 - China broke into U. S. Steel's computer network and stole production research on its advanced steels, allowing at least one overseas producer to side-step years of work and quickly roll out ultra high-strength grades, U. S. Steel alleges in its Section 337 complaint before the U.S. International Trade Commission.

Metals Trader Completes Acquisition of Scottish Plate Mills

28 April 2016 - Metals trading firm Liberty House has closed on its acquisition of two Tata Steel plate mills in Scotland, the firm has announced.

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