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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.

Ohio Electrode Manufacturer Adjusts Organizational Chart, Launches Strategic Review

01 March 2016 - Graphite electrode manufacturer GrafTech International Ltd. plans to realign its two business units and is considering a sale of one of them, the Ohio-based company has announced.

Thyssenkrupp Reveals Plans for New Auto Components Plant

01 March 2016 - thyssenkrupp plans to invest EUR100 million in a new automotive components plant in Hungary, the company has announced.

U. S. Steel Pulls Out of Mill Site Redevelopment Project

01 March 2016 - In November, United States Steel Corporation announced that it was withdrawing from plans to build a new headquarters in Pittsburgh, Pa., USA. Now, three months later, it’s backing away from a deal to redevelop an old mill site along Lake Michigan.

Grupo Simec Profits Fall 25% in 2015

29 February 2016 - Mexican SBQ producer said its 2015 profits declined 25 percent due to weaker steel prices, declining shipments and higher taxes.

ATI Labor Deal Includes Profit-Sharing Plan and Health Insurance Contribution

29 February 2016 - Unionized workers at specialty steelmaker Allegheny Technologies Inc. will have to pay more for their health insurance but could share in the company’s profits, under the terms of a tentative, four-year labor deal, reports the (Pittsburgh) Tribune-Review newspaper.

China Looks to Cut Nearly 2 Million Steel, Coal Jobs

29 February 2016 - Chinese officials said the country expects to eliminate 500,000 steelmaking jobs and 1.3 million coal mining jobs as it attempts to reduce capacity, according to reports.

CONSOL Energy Sells Metallurgical Coal Mine in Virginia

29 February 2016 - Coal and natural gas producer CONSOL Energy Inc. has agreed to sell its only operating metallurgical coal mine and other reserves for US$420 million, plus potential royalties, the company has announced.

Nucor CEO Skeptical That China Will Cut Excess Steelmaking Capacity

26 February 2016 - Unfairly traded imports, along with low oil and gas prices, have “wiped out” energy sector demand for the types of steel grades made at Nucor Steel Gallatin, Nucor Corp. chairman and CEO John Ferriola said earlier this week.

ArcelorMittal Shutters Indiana Aluminizing Line

26 February 2016 - ArcelorMittal has closed the No. 1 aluminizing line at its Indiana Harbor West plant in Indiana and is shifting production elsewhere, according to reports.

Rolling Mill Manufacturer Sets Up North American Subsidiary

26 February 2016 - France’s REDEX Group has established a North American subsidiary in an effort to improve customer service and develop new business, the company has announced.

Gerdau Attorney: 'There Was No Tax Evasion'

26 February 2016 - Federal authorities questioned Gerdau SA chief executive André Gerdau Johannpeter for about two hours Thursday as part of an investigation into a suspected tax evasion scheme, The Wall Street Journal reported.

Police Search Gerdau Offices; CEO Summoned for Questioning in Widening Tax Evasion Probe

25 February 2016 - Brazilian federal police have raided Gerdau SA headquarters and other offices in the country and summoned chief executive Andre Gerdau Johannpeter to testify as part of an investigation into a bribery and tax dodging scheme, according to reports.