Steel News

U. S. Steel Is Letting Go of One-Fourth of its Nonunion Workforce in U.S.

06 April 2016 - United States Steel Corporation is cutting 25 percent of its nonunion payroll in the U.S., the steelmaker has confirmed.

Nucor Plans Upgrades to Alabama Sheet Mill

05 April 2016 - Nucor Corp. is spending approximately US$4.4 million to upgrade the pickling line at its Decatur, Ala., sheet mill, according to reports.

Chinese Steelmaker Bids on Serbian Mill

05 April 2016 - China's Hebei Iron & Steel Group has submitted a US$52.2 million offer for a nationalized steel mill in Serbia, according to Reuters news service.

'Several' Bids Made for Essar Steel Algoma

04 April 2016 - Canada’s Essar Steel Algoma said it is entering the second phase of its sales process with “several” preliminary bids on the table.

AK Steel Wins Safety Honors from Ohio Workers' Compensation Bureau

04 April 2016 - The state of Ohio has recognized AK Steel Corp.’s Zanesville Works for its safety performance during the previous 13 years, the company has announced.

Voestalpine Signs Another Customer for its Texas HBI

04 April 2016 - Voestalpine has found another taker for the hot briquetted iron it will be producing at its new direct reduction plant in Texas.

Could Two of Canada's Biggest Steelmakers Join Forces? Possibly, Newspaper Says

01 April 2016 - Preliminary bids are due today, 1 April, from investors interested in Essar Steel Algoma, a Canadian plate and sheet producer that entered creditor protection last year.

ArcelorMittal Idles Indiana Hot Strip Mill

01 April 2016 - In the latest of it capacity-cutting efforts, ArcelorMittal has shut down the 84-inch hot strip mill at its Indiana Harbor facility in Indiana, a union official tells The Times newspaper of northwest Indiana.

Report: Tata Steel, thyssenkrupp Might Bring European Operations Together

01 April 2016 - As India’s Tata Steel looks to exit the United Kingdom, it’s reportedly considering a new direction for its other European assets.

Primetals, Iran to Collaborate on Nearly EUR2 Billion in New Steel Projects

01 April 2016 - Primetals Technologies and Iran’s Fakoor Sanat Teheran Engineering Co. have signed an agreement to collaborate on a variety of steel-related projects estimated to be worth more than EUR1.8 billion, the company has announced.

With Profits Scarce, Steelmaking Has Entered an Ice Age, Says Producer

31 March 2016 - The world’s steel companies have entered an “ice age,” a Chinese steelmaker said in announcing a US$710 million net loss in 2015, reports BloombergBusiness.

Steel Technologies Expands Footprint, Announces New Tennessee Facility

31 March 2016 - Flat rolled processor Steel Technologies LLC plans to invest US$18 million in a new facility housing a slitting line and a 1,000-ton blanking press, the company has announced.

Tubemaker Snags Record OCTG Order

30 March 2016 - French tubemaker Vallourec has won an order for nearly 100,000 tons of oil country tubular goods (OCTG) from Abu Dhabi National Oil Co., Vallourec has announced.

Indian Officials Extend Safeguard Duty for Two More Years

30 March 2016 - India is extending a six-month safeguard duty it imposed last year on hot rolled coils, the Central Board of Excise and Customs has announced.

Nine Years and Billions of Dollars Later, Tata Steel Calls it Quits in the United Kingdom

30 March 2016 - After spending billions to buy Anglo-Dutch steelmaker Corus in 2007, and then losing millions more on the investment, India’s Tata Steel has announced plans to sell its U.K. business, leaving thousands of jobs at risk.

Steel Industry Vets Investing Nearly US$37 Million in North America's 'Most Advanced' Cold Finished Bar Mill

29 March 2016 - A start-up company has selected Valparaiso, Ind., as the home of what it says will be North America’s most advanced cold drawn bar mill and plans to begin operations in 2017.

Commercial Metals' Second-Quarter Sales Drop, But Profits Increase

28 March 2016 - U.S. recycler and long products producer Commercial Metals Co. saw its second-quarter profits increase despite a decline in sales, the company reported.

Further Investigation into Stainless Imports from China Warranted, U.S. Trade Commission Rules

28 March 2016 - The U.S. International Trade Commission has issued a preliminary ruling in a trade case involving stainless steel sheet and strip from China, saying that it appears overseas producers are undercutting prices and have harmed the U.S. industry.

Builder of Unfinished Taconite Facility Looks to Restructure Millions in Debt

28 March 2016 - Essar Steel Minnesota, the company building Minnesota’s first new taconite facility in years, owes approximately US$1 billion and has hired advisers to help it restructure its debt, reports the Reuters news service.

What's in a Name? For This Business, Its Purpose

28 March 2016 - Nalco, an Illinois-based water and process services business, has changed its name to Nalco Water, the company has announced.