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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.

Acquisition Talks For Tata Steel Long Products Business Unsuccessful, Company Confirms

06 August 2015 - Confirming earlier reports, Tata Steel executives said that negotiations on the sale of its European long products business have broken off.

Formtek Inc. Promotes Sales Director to SVP

06 August 2015 - Cleveland-based Formtek Inc. has promoted sales and marketing director Jack Pennuto Jr. to senior vice president, the company has announced.

Trade Association President Urges Students, Industry to Participate In Manufacturing Day

06 August 2015 - The president of a metals trade association is hoping to turn the industry's attention -- and that of students -- to the fourth annual Manufacturing Day, which is intended to encourage young people to consider a career in manufacturing.

China Exports to Latin America Continue To Increase

05 August 2015 - Finished steel imports from China to Latin America rose 10 percent between the first half of 2015 and the same period last year, according to Alacero, the Latin American Steel Association.

New Steels Can Help Automakers Cut Vehicle Weight, Industry Representatives Say

05 August 2015 - Although some automobile manufacturers said they'll use a combination of materials -- steel, aluminum and carbon fiber -- to cut down weight, steel industry representatives counter that they could reach that goal just as easily by using the latest ultra-high-strength steels.

Iran Sees More Steel Production In Its Future

05 August 2015 - Iran is looking to double its steel production over the next 10 years, Mehdi Karbasian, deputy minister of Iran’s Ministry of Industries, Mines & Trade, told BloombergBusiness in an interview.

Universal Stainless Hires New CFO

05 August 2015 - Pittsburgh-based Universal Stainless & Alloy Products Inc. has named a former H.J. Heinz Co. executive as its new CFO and vice president of finance, the steelmaker has announced.

Ryerson Holding Expands Network Through Acquisition

05 August 2015 - Metals distributor and processor Ryerson Holding Corp. has acquired a service center specializing in bar and plate processing, the company announced on 4 August.

Klesch Group Ends Acquisition Talks For Tata Steel Long Products Business

04 August 2015 - A metals, chemical and oil company has withdrawn from discussions on buying Tata Steel's European long products business, according to a report in The Financial Times.

Steelmaker's European Division Reorganizes; Now Under New Management

04 August 2015 - Tata Steel's European long products division has begun operating as a standalone subsidiary and is now under new management, according to a U.K. newspaper.

Danieli Completes Line Modifications At Nucor Plant

04 August 2015 - Nucor Corp. and Danieli have signed the final acceptance certificates for upgrades to the steelmaker's hot-dip galvanizing line at its Berkeley, S.C., facility.

IMI Sensors Rolls Out New Accelerometer

04 August 2015 - IMI Sensors, manufacturer of industrial vibration monitoring instrumentation, has released a new model of an accelerometer, the company has announced.

Finished Steel Manufacturer Acquiring Online Services Provider

04 August 2015 - China-based Sutor Technology Group Ltd. has signed a nonbinding letter of intent to acquire a supply chain services business.

ArcelorMittal's U.S. Employees Need To Share More Of The Cost of Health Insurance, Company Says

03 August 2015 - Steel giant ArcelorMittal, which is negotiating a new labor deal with the United Steelworkers, said it needs to freeze or cut pay for some employees and require others to contribute more to the cost of their health insurance, according to the Wall Street Journal.

Steelmakers Set To Ink Deal on Technology Transfer

03 August 2015 - South Korean steelmaker Posco is expected to sign an agreement with India's Mesco Steel to transfer its Finex technology to a Mesco facility, according to the Business Standard newspaper.

TimkenSteel Posts Second-Quarter Loss

03 August 2015 - TimkenSteel lost $24.3 million during the second quarter as it continues to operate under challenging market conditions.

China To Temporarily Pull Back On Steel Production

03 August 2015 - China's steel mills are expected to curtail production this month and in September. The reason: the government wants to curb air emissions around the time of two big public events, according to a Bloomberg report.

Cliffs Natural Resources Idling Minnesota Taconite Operation

03 August 2015 - Lower orders and higher inventories have prompted Cleveland-based Cliffs Natural Resources to temporarily idle its United Taconite operation in the Minnesota Iron Range.

Crane Manufacturer Names New CEO

31 July 2015 - Panu Routila has been appointed president and CEO of Konecranes Plc. and is to begin his new duties sometime by the end of the year, the Finnish crane and hoist manufacturer has announced.

Worker Killed In Mill Accident Identified

31 July 2015 - Officials have identified a man who was killed July 25 at Nucor Corp.'s Berkeley mill in South Carolina.

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