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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.
Former U.S. Steel Executive Will Oversee Federal Reserve Bank
19 January 2017 - Retired U. S. Steel Corp. chairman and chief executive John P. Surma has been named chairman of the Federal Reserve Bank of Cleveland.
China Exceeds 2016 Capacity Cut Target, But Much More Remains
19 January 2017 - Although China cut up to 80 million metric tons of steel capacity last year, much of it was already idle and did little to reduce output, reports the Reuters news service.
U.S. Commerce Department Affirms Hefty Duties on Chinese Plate
18 January 2017 - The U.S. Commerce Department has made its final determinations on a trade case on Chinese cut-to-length plate, setting anti-dumping and countervailing margins of more than 300 percent.
Fire Puts Japanese Plate Mill Out of Commission For Eight Months
18 January 2017 - A heavy plate mill in Japan is likely to remain off-line for the next eight months following a fire that damaged the facility.
Ross: 'I Am Not Anti-Trade. But I Am Pro Sensible Trade.'
18 January 2017 - NAFTA ought to be change and that the U.S. should trade freely with countries that play by the rules while punishing those that don't, Commerce Secretary nominee Wilbur Ross said during a confirmation hearing Wednesday, reports The Washington Post.
Great Lakes Iron Ore Shipments Increased in 2016
17 January 2017 - The Soo Locks, which are a vital link between Lake Superior and the other Great Lakes, have closed for annual maintenance, marking the end of the 2016 shipping season. And while overall cargo volumes were down, iron ore shipments increased 7.8 percent, reports the MLive news site.
ArcelorMittal Wins Long-Term Supply Deal for Coke Byproduct
17 January 2017 - ArcelorMittal’s U.S. division has struck up long-term agreements to sell coal tar to Koppers Inc., a manufacturer of wood-treatment chemicals and carbon compounds.
Tenova Acquires U.S.-Based Material Handling Systems Business
17 January 2017 - Tenova TAKRAF has acquired the assets of FMC Technologies’ materials handling systems unit for an undisclosed amount, the company has announced.
TMK Forecasts Improving Conditions in 2017
16 January 2017 - Oil country tubular goods maker TMK said it expects the U.S. oil and gas market will continue to recover this year on the back of global rebalancing, spurring increased pipe consumption.
Vietnamese Steel Processor Orders New Paint Line
16 January 2017 - Vietnam’s Ton Dong A Corp. has awarded a contract to Danieli Fata Hunter for a continuous coil coating line at its new plant in the province of Binh Duong province.
Custom Refractory Linings Maker Expands Operation
16 January 2017 - U.S.-based ArmorMax Engineered Products, which sells custom ceramic fiber and refractory products, has opened a new manufacturing and repair facility in eastern Pennsylvania.
Tata Steel Puts Eyes in the Sky
16 January 2017 - Puns not intended, but Tata Steel has launched a pilot program that employs unmanned aerial vehicles to help monitor operations at one of its iron ore mines, the steelmaker announced on Monday.
Essar Minnesota Sues Parent for US$1 Billion and Hopes to Restart Project
13 January 2017 - The former Essar Steel Minnesota, which hopes to complete its half-finished taconite mine and pellet plant in Minnesota, has filed a lawsuit against parent Essar Global, alleging “a myriad of damaging actions” that helped starve it of cash, according to news reports.
Tata Negotiating Pay-Out to End pension Fund Guarantee Held on Steel Plant
13 January 2017 - Trustees of Tata Steel’s U.K. pension fund are negotiating a potential pay-out from the steelmaker in exchange for releasing a guarantee held on its Dutch steel works, according to reports.
Nippon Steel Asks for Production Help Following Fire
13 January 2017 - Nippon Steel & Sumitomo Metal Corp. has asked competitors for help in meeting orders after a fire damaged its heavy plate mill in western Japan.
Dura-Bond to Restart Idled Tube Mill in Pennsylvania
12 January 2017 - Line pipe manufacturer Dura-Bond Industries plans to restart a mothballed United States Steel Corp. tube mill and eventually hire more than 200 people.
AHMSA Sets Production Record in 2016
12 January 2017 - Integrated steelmaker Altos Hornos de Mexico said produced a record 4.65 million metric tons in 2016, according to market reporting service S&P Global Platts.
Danieli Acquires Italian Robotics Company
12 January 2017 - Danieli has acquired Italy’s Telerobot Labs, which designs and builds robotic systems for a number of fields, the equipment manufacturer has announced.
ArcelorMittal Enlists New Modeling Software to Improve Processes
12 January 2017 - ArcelorMittal is investing in specialized software to help it model the behavior of raw materials charged into its blast furnaces.
Commercial Metals Adds Scrap Capacity in Southeastern U.S.
12 January 2017 - A subsidiary of long products manufacturer Commercial Metals Co. has an agreement to acquire seven scrap facilities from OmniSource Corp., the company has announced.
