Steel News

Alacero Forecasts Sees Steel Consumption on the Rise in 2017

27 October 2016 - Latin America’s steel consumption is expected to drop 6.5% this year, but is forecast to partially rebound in 2017 on growth in its major markets, according to the Latin American Steel Association.

Goncalves: Cliffs Determined to Build DRI Plant

27 October 2016 - Saying that his company's future growth will depend on its ability to supply America's electric arc furnaces, Cliffs Natural Resources chief executive Lourenco Goncalves promised to build a direct reduction plant somewhere in the Great Lakes region.

Allegheny Technologies Moves to Permanently Shut Down Two Mills

27 October 2016 - Specialty metals producer Allegheny Technologies Inc. is permanently closing two idled mills in southwestern Pennsylvania, marking its exit from the grain-oriented electrical steel market and a step back from the commodity stainless market.

AK Steel Fires Up Modified Hot-Dipped Galvanizing Line

26 October 2016 - AK Steel Corp. has completed a US$29 million upgrade to the hot-dipped galvanizing line at its Dearborn works in Michigan, executives have announced.

CMC Expands Fabrication Operations Through Hawaiian Acquisition

26 October 2016 - A Commercial Metals Co. subsidiary has signed a deal to acquire a Hawaiian rebar fabricator for an undisclosed amount, the company announced on Wednesday.

More Than 2 Years in the Making, voestalpine's U.S. HBI Plant Opens

26 October 2016 - voestalpine officially opened its US$740 million direct reduction plant in Corpus Christi, Texas, on Wednesday, marking the end of work on a project that is corporate Austria’s largest-ever U.S. investment and one that will help the company reduce its carbon footprint.

Tata's Change in Leadership Throws European Steel Merger Into Question

25 October 2016 - Cyrus Mistry’s ouster as chairman of Tata Sons Ltd. might disrupt the conglomerate’s effort to merge its U.K. strip business with thyssenkrupp’s European steel operations, according to the Bloomberg news service.

German Steelmaker in Talks to Sell Brazilian Plant

25 October 2016 - thyssenkrupp might sell its Brazilian steel plant, Companhia Siderúrgica do Atlântico, to Latin American steelmaker Ternium, according to The Wall Street Journal.

U.S. Adds Two More Steel Products to Anti-Dumping Duty List

25 October 2016 - U.S. trade officials have made final determinations on two types of steel products from countries in the Middle East and Asia.

ArcelorMittal's Relationship With Shipbuilder Steams Onward

25 October 2016 - ArcelorMittal Asturias has reached a milestone in its relationship with shipbuilder STX France, which is about to take delivery of its 100,000th metric ton of steel plate from the steelmaker.

Tata Group Dumps Chairman, Launches Search for Successor

24 October 2016 - In a surprise move, Indian conglomerate Tata Group ousted its chairman on Monday and named a member of Tata's founding family to temporarily succeed him.

Canadian Legislators to Study Steel Dumping

24 October 2016 - A Canadian parliamentary committee is undertaking a study of the factors that are hindering the country’s steelmakers from competing internationally, including unfair trade.

Jamshedpur 'One of the World's Most Enduring Company Towns'

24 October 2016 - In India’s Steel City, Jamshedpur, Tata Steel and its Jamshedpur Works isn’t simply an employer. It’s a way of life.

Senator Says Steel Allowed Him to Walk Away From Car Crash

24 October 2016 - Say what you will about aluminum-bodied vehicles, but U.S. Sen. Sherrod Brown, who was in a traffic accident last week, will say this about the ones made from steel:

Ferriola Confident Big River Won't Drain Nucor's Business

21 October 2016 - Nucor Corp. is prepared to battle start-up Big River Steel, and, in fact, believes it has the upper hand on its new competitor, Nucor chief executive John Ferriola said Thursday.

Canadian Researchers Getting Close to Start of Pilot-Scale Coke Oven

20 October 2016 - The Canadian Carbonization Research Association’s pilot-scale energy recovery coke oven is about 70 to 75 percent complete and is scheduled to start up sometime in January or February, according to CanmetENERGY’s Louis Giroux.

Panel: As Rail Logistics Evolve, Communication Will Be Key

19 October 2016 - With shipments on the decline, it will be critical for coal buyers and coke makers to communicate and maintain close relationships with the railroads, according to a panel of logistics professionals who spoke Wednesday during the Smithers Apex Met Coke World Summit in Pittsburgh.

Capacity Reduction Will Happen Later Rather Than Sooner, Says Consultant

19 October 2016 - By the time the industry closes the books on 2016, China likely will have exported about 120 million tons of steel, Steel-Insights President Becky E. Hites said on Wednesday.

EAF Production to Gain Ground, But BOF Production to Remain King

18 October 2016 - Electric arc furnace-based steel production will continue to grow faster than basic oxygen furnace production over the next several years, but the latter of the two will remain the dominant method, CRU North American steel consultant Josh Spoores said on Tuesday.

Consultant: India Holds Much Long-Term Steel Promise

18 October 2016 - Despite the global steel industry’s current woes, India presents steelmakers with a tremendous long-term opportunity as consumption there is expected to double over the next decade, according Atanu Mukherjee, president of Datsur Business & Technology Consulting.