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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.

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.

Steelmaker Taps Primetals for New Ladle Furnace

25 February 2016 - Russia’s Severstal has ordered a new twin-ladle furnace for its Cherepovets steel works, according to the vendor on the project.

Tata Steel Europe's Chief Executive Departs for Another Position

25 February 2016 - Tata Steel Europe, which is in the midst of talks to sell its long products business, now finds itself undergoing a leadership change.

Ford Engineer Named to U. S. Steel Board

25 February 2016 - A retired Ford Motor Co. executive has been elected to United States Steel Corporation's board of directors, the company has announced.

Brazilian Specialty Steelmaker Fires Up New EAF

23 February 2016 - Brazil’s Villares Metals has signed the final acceptance certificate for a 25-ton electric arc furnace at its mill in Sumare, Sao Paulo, according to the vendor on the project.

Report: Tata Steel Preparing to Restructure India Operations

23 February 2016 - India’s Tata Steel is planning to restructure its domestic operations in a bid to cut costs and boost productivity, reports The Economic Times.

Obama: 'You’ll See Firm, Tough Enforcement of Existing Trade Laws'

23 February 2016 - U.S. President Barack Obama said his administration has been more aggressive than previous administrations in bringing trade actions against other countries.

Allegheny Technologies, United Steelworkers Shake Hands on Tentative Labor Deal

23 February 2016 - Union negotiators have reached a tentative, four-year agreement with specialty steelmaker Allegheny Technologies Inc., the United Steelworkers union and the company have announced.

Two JSW Steel Blast Furnaces Returned to Service

22 February 2016 - India’s JSW Steel has re-commissioned two idled blast furnaces and is preparing to relight a third, according to reports.

U.S. ITC Retains Duties on Certain Chinese-Made Pipe

19 February 2016 - The U.S. International Trade Commission has agreed to retain anti-dumping and countervailing duties on seamless pipe from China.

Ukraine's No. 1 Exporter Is a Steelmaker

19 February 2016 - Forbes Ukraine magazine has named ArcelorMittal Kryvyi Rih as the country’s leading exporter during 2015.

Usiminas' Controlling Shareholders Considering Support for the Ailing Business

19 February 2016 - The joint controlling shareholders of Brazilian steelmaker Usinas Siderurgicas de Minas Gerais SA are trying to settle on a way to prop up the ailing business, which is struggling to make it through some of the worst times in Brazil’s steel industry in years.

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