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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.

Court Rules Vale Can Reopen Brazilian Port -- For Now

26 January 2016 - Last week, a Brazilian court ordered that iron ore exporter Vale SA close its Tubarao port, one of the world’s most important iron ore import-export terminals.

With a Labor Deal Yet to be Had, Steelworkers Plan Rally at ArcelorMittal HQ

26 January 2016 - About a month ago, the United Steelworkers union struck up a tentative bargain with United States Steel Corporation. The union is ratifying the contract, and a final tally is due 1 February.

Accounting Charges, Mill Idling Costs Help Sink AK Steel's 2015 Earnings

26 January 2016 - Although sales and shipments rose in 2015, U.S.-based AK Steel Corp. lost US$510.7 million on the year after writing off investments in its iron ore and incurring costs to idle its Ashland, Ky., steel works, the company has announced.

ArcelorMittal Mothballs Spanish Mini-Mill

25 January 2016 - ArcelorMittal is indefinitely idling its Sestao mini-mill in Spain, blaming “extremely adverse” market conditions.

Sanctions End, and Iran Goes Shopping

25 January 2016 - Italian mill builder Danieli expects to sign commercial agreements with Iran worth up to US$5.7 billion as economic sanctions end and the country set about to modernize.

Steel Dynamics, Mississippi Officials Mark Start of Plant Expansion

25 January 2016 - U.S.-based Steel Dynamics Inc. (SDI) has broken ground on the company’s new paint line and Galvalume production facility at its Columbus, Miss., USA, plant.

Quebec Considers Public Investment in Tata Steel Ore Project

22 January 2016 - The Canadian province of Quebec has signed an agreement in principle with Tata Steel to buy into the company’s direct shipping ore project in the Labrador Trough, reports La Presse Canadienne news service.

India Steps Back From POSCO Mill Project

22 January 2016 - The Indian government has set aside plans to establish a steel mill in partnership with South Korea’s POSCO, and will now focus on other projects with ArcelorMittal, reports The Times of India.

Moody's Initiates Broad Credit Ratings Review of Energy, Mining Companies

22 January 2016 - Moody’s is considering whether to downgrade 175 of the world's oil, gas, mining and metals businesses on account of the ongoing commodities downturn, the credit ratings agency has announced.

Environmental Concerns Prompt Closure of Major Iron Ore Terminal in Brazil

22 January 2016 - A Brazilian court has ordered one of the world’s primary iron ore import-export terminals to shut down owing to recurring pollution problems.

China, U.S. Plan to Hold Bilateral Steel Meeting

21 January 2016 - U.S. and China officials, along with representatives from their respective steel industries, have tentatively agreed to meet for a bilateral steel-sector discussion later this year, American Iron and Steel Institute President and CEO Thomas Gibson said.

Angolan Steelmaker Cuts the Ribbon on New Mini-Mill

21 January 2016 - Angola’s Aceria de Angola has started producing steel at its new 500,000-tons-per-year mini-mill near the capital of Luanda.

EU Takes Belgium, Italy to Task for State Support of Steelmakers

21 January 2016 - The European Commission has ordered Belgium to recover EUR211 million in aid it granted to steel companies in the Duferco group, saying the assistance distorted competition and violated EU state aid rules.

Improved Metal Spreads Lift Insteel Industries Q1 Profits

21 January 2016 - U.S.-based Insteel Industries Inc.’s first-quarter profits rose nearly 62 percent to US$6.7 million, the company reported.

U. S. Steel Warns of More Job Cuts at Lone Star Plant

20 January 2016 - United States Steel Corporation is planning to curtail production and lay off nearly 700 employees at its Lone Star tubular plant in Lone Star, Texas.

IEA: Oil Market Could Drown in Global Oversupply

20 January 2016 - Oil prices might continue to fall in 2016 as the world is poised to withdraw more from the Earth than it needs, according to the International Energy Agency.

Fourth Quarter Impairment Charges Cost Allegheny Technologies US$267M

20 January 2016 - Specialty steelmaker Allegheny Technologies Inc. said its fourth-quarter earnings will take a US$267 million hit from inventory charges, write-offs, and costs associated with layoffs and mill idlings.

Essar Steel Algoma to Begin Shopping Itself Around

20 January 2016 - Canada’s Essar Steel Algoma is to begin searching for a buyer or major investor in its Sault Ste. Marie, Ont., integrated mill, reports the online publication SooToday.com.

Union Continues to Bargain With Allegheny Technologies, ArcelorMittal

19 January 2016 - About a month after reaching a tentative labor deal with United States Steel Corporation, the United Steelworkers union is continuing to look for a new contract with ArcelorMittal and an end to the lockout at Allegheny Technologies Inc. (ATI).

China's Steel Production Contracts for the First Time in 25 Years

19 January 2016 - For the first time in as long as many can remember, Chinese steelmakers produced less than they did the year before, according to reports.

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