Steel News

Steel Market Conditions Prompt Mitsubishi Heavy Industries to Reduce Costs at Primetals Venture

13 June 2016 - In the face of a weak steel market, Mitsubishi Heavy Industries Ltd. is looking to cut costs at its Primetals Technologies venture, reports the Bloomberg news service.

Steel Dynamics Expects Profitable Second Quarter on Improvements in Flat Rolled Market

13 June 2016 - U.S.-based Steel Dynamics Inc. expects to nearly double its second-quarter profits over the first quarter due to better metal spreads and increased shipments, the company said on Monday.

LNG Terminal Selects Outokumpu Stainless Rebar for Project

10 June 2016 - Finnish stainless producer Outokumpu supplied approximately 10 metric tons of stainless rebar for a liquefied natural gas project along the North Sea coast, the company said on Friday.

GM Ready to Deploy Steel-to-Aluminum Welding Technology

10 June 2016 - General Motors said it will begin using a new process to spot weld steel to aluminum on production of the Cadillac CT6 later this year.

ArcelorMittal Plans to Overhaul Continuous Casters at Spanish Mill

10 June 2016 - SMS group has won a contract to overhaul two continuous slab casters at an ArcelorMittal sheet mill in Spain, the company has announced.

Primetals, AIC Win Order for 500K Rebar Mill

09 June 2016 - Filipino rebar maker Capitol Steel Corp. has awarded a contract for a new bar rolling mill to Primetals Technologies and partner Automazioni Industriali Capitanio S.r.l. (AIC), according to Primetals.

Report: Tata Pushes Back Decision on Sale of U.K. Business

09 June 2016 - Tata Steel apparently is going to give itself more time to consider the fate of its struggling U.K. business, extending the timeline for naming a preferred bidder for the operation, reports the (London) Financial Times.

Cliffs Natural Resources Moves Up Restart Schedule for Idled Mine

09 June 2016 - Iron ore miner Cliffs Natural Resources will reopen an idled Minnesota mine two months sooner than planned after securing third- and fourth-quarter orders from a new customer, the company announced on Thursday.

Nucor Joint Venture Eyes Mexican Auto Market

09 June 2016 - Nucor Corp. plans to build a US$270 million galvanized sheet mill in central Mexico through a new joint venture, the company has announced.

Some Doubt China Pledge To Curb Excess Steel Capacity

08 June 2016 - China has promised to cut down its enormous steelmaking capacity by limiting new mills, eliminating antiquated mills and putting a final end to the so-called "zombie" operations that have returned from the dead.

Primetals Signs Contract for Furnace Upgrades at German Mill

07 June 2016 - Primetals Technologies has won an order to modernize the electric arc furnace at BGH Edelstahlwerke GmbH’s Freital facility in Germany.

Italian Steelmaker Adding Waste-Heat Recovery System to EAF

07 June 2016 - Italy’s Acciaieria Arvedi is installing a waste-heat recovery system at its Arvedi facility in Cremona, according to a supplier on the project.

U.S. Official Rebukes China for Excess Steel Capacity

06 June 2016 - U.S. Treasury Secretary Jack Lew criticized China on Monday for enabling the steel glut, which has driven down prices and forced steelmakers to idle mills, reports The Washington Post.

ArcelorMittal Prepares to Launch New High-Strength Auto Steel

06 June 2016 - ArcelorMittal is preparing to roll out a new high-strength automotive steel later this year, reports the (London) Financial Times.

Fives Names New President of Machine Tool Manufacturing Unit

06 June 2016 - Longtime manufacturing executive Steve Thiry has been named president of production machinery manufacturer Fives Cincinnati, the company has announced.

U.S. Should Resolve Trade Disputes Through Discussion, Not Protectionist Measures, Says China Official

03 June 2016 - Barring Chinese-made steel from the U.S. market would be an abuse of trade remedies, Zhu Guangyao, China’s vice minister of finance, said on Thursday, according to Xinhua, the country’s official news agency.

AHMSA Installs New Plate Normalizing Line

03 June 2016 - Altos Hornos de México S.A.B. de C.V. (AHMSA) has begun processing plates on a newly installed normalizing line at its Monclova works, according to the equipment supplier.

Reports: U.K. Government May Loan Tata Steel Millions to Keep It from Leaving

03 June 2016 - Tata Steel, which in March announced that it no longer thought it could make steel profitably in the U.K. and would exit the market, may not leave after all.

Metals Trader Announces Plans to Expand U.K. Mill

31 May 2016 - Metals executive Sanjeev Gupta and his firm, Liberty House, plan to nearly double the capacity of its Welsh rolling mill and add 2 million metric tons of liquid steelmaking capacity there, the firm announced on Tuesday.

Severstal Plans Pickling Line Upgrade

31 May 2016 - Severstal has ordered a double-headed edge trimmer for the No. 3 continuous pickling line at its facility in Cherepovets, Russia, the vendor on the project has announced.