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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.

AK Steel, Steel Dynamics Expecting Low-Cost Imports to Weigh Down Fourth-Quarter Results

18 December 2015 - AK Steel Corp. said it expects to report a greater-than-anticipated net loss of between 33 cents and 38 cents per share in the fourth quarter, due in part to costs associated with idling its Kentucky blast furnace.

Cable Manufacturer Reaches Deal to Distribute Some Pfisterer Electrical Equipment

18 December 2015 - U.S.-based TPC Wire & Cable Corp. has formed a partnership with Germany's Pfisterer, giving TPC the ability to stock select Pfisterer products in the United States, the company has announced.

U.K. Wins Approval to Offer New Energy Subsidy

18 December 2015 - The European Commission has approved a U.K. plan to help its steelmakers cover their energy costs, reports The (London) Telegraph newspaper.

EUROFER Board Names New President

18 December 2015 - A top ArcelorMittal executive has been elected as president of EUROFER, the European Steel Association.

Weak Demand Forces Nucor To Halt Production at DRI Plant

17 December 2015 - Nucor Corp. is temporarily halting production at its direct reduced iron (DRI) plant in Louisiana due to market conditions, the U.S.-based steelmaker has announced.

Outokumpu Finalizes Divestment of Mexican Joint Venture

17 December 2015 - Stainless manufacturer Outokumpu has closed on a deal to sell its stake in its tubular joint venture in Mexico to partner F.E.R. Fischer Edelstahlrohre GmbH.

Overseas Cold Rolled Producers Benefiting From Unfair Subsidies, U.S. Commerce Department Rules

17 December 2015 - The U.S. Department of Commerce has preliminarily ruled that cold-rolled flat steel products from China, India, Brazil and Russia are benefiting from unfair government subsidies and set duties ranging from zero to 227.3 percent.

Nucor Awards Contract for Rod Mill Upgrades

17 December 2015 - Primetals Technologies has won a contract to upgrade coil handling equipment at Nucor Corp.'s Norfolk, Neb.,USA, coiled bar and wire rod mill, the company has announced.

Consolidated Systems Carves Up Processing Business

16 December 2015 - North America’s largest independent coil coater has acquired the coating and processing assets of Consolidated Systems Inc.’s Consolidated Metal Products unit.

ArcelorMittal Americas CEO Stepping Down in February

16 December 2015 - ArcelorMittal Americas CEO Lou Schorsch has announced that he will retire in February 2016, prompting the world’s largest steelmaker to reorganize its top management in the two continents.

Top ArcelorMittal Executive To Retire in 2016

16 December 2015 - Longtime ArcelorMittal executive Bhikam Agarwal is retiring at the end of February 2016, the company has announced.

One Chinese Leader's Solution to Steel Glut? Require Builders to Use More of It

16 December 2015 - Chinese government leaders might be considering a policy that would increase – perhaps triple — the amount of steel used in housing construction as a way to soak up excess steel supply, according to BloombergBusiness.

India Imposes Import Duties on Stainless Products

15 December 2015 - India has imposed an anti-dumping duty on cold rolled stainless flat products from China, the European Union, the United States and other countries to protect domestic manufacturers.

Outotec Finalizes Acquisition of South Africa's Sinter Plant Services

15 December 2015 - Outotec has closed on a deal to buy Sinter Plant Services CC in South Africa, the company has announced.

Upgrades to OneSteel Wire Rod Mill Pass Muster

15 December 2015 - Australia’s OneSteel Market Mills has issued a final acceptance certificate for upgrades to its Laverton wire rod mill, according to the contractor on the project.

Russian, Chinese Steel Exports to EU Now Under Registration Order

15 December 2015 - The European Commission has imposed a registration order on imports of Chinese and Russian cold rolled flat steel, according to the Reuters news service.

Tenaris Opens New Service Center in Argentina

14 December 2015 - OCTG manufacturer Tenaris has opened a new service center in Senillosa, Neuquén, Argentina, to better serve customers in Latin America’s largest shale play.

AK Steel to Begin Winding Down Ashland Works

14 December 2015 - AK Steel Corp. is to begin sending home employees at its Ashland, Ky., USA, works Christmas week, according to the Dayton Daily News.

Partnership Hopes to Roll Out New Metalworking Lubricants

14 December 2015 - Metalworking fluids manufacturer Houghton International is teaming up with SMS group to make new and advanced metal rolling oils, the companies have announced.

Union Reviewing New U. S. Steel Contract Proposal

14 December 2015 - Leaders of the United Steelworkers union are meeting in Pittsburgh, Pa., USA, this week to discuss a new comprehensive proposal from United States Steel Corporation.

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