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Latest News
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.
Hatch Associates Brings Aboard Industry Veteran
29 January 2016 - Association for Iron & Steel Technology (AIST) president George J. Koenig has been tapped to lead the business development efforts for the iron and steel unit at Hatch Associates Inc.
Nucor 2015 Profits Fall; Underperforming Joint Venture Contributes to 4Q Loss
29 January 2016 - U.S.-based Nucor Corp. saw its 2015 profits fall 39 percent on account of lower prices and declining shipments.
Mexican Steelmaker Orders Acid-Free "Pickling" Line
28 January 2016 - Mexico’s Talleres y Aceros has ordered an Eco Pickled Surface (EPS) descaling line to round out operations at its new mini-mill in the state of Veracruz.
More Layoffs Planned at Kentucky Tube Mill
28 January 2016 - TMK IPSCO has given notice that it intends to lay off 126 employees at its Wilder, Ky., tube mill.
More Layoffs Planned at Kentucky Tube Mill
28 January 2016 - TMK IPSCO has given notice that it intends to lay off 126 employees at its Wilder, Ky., USA, tube mill.
Midrex, Primetals Win Contract for Proposed Merchant HBI Plant
28 January 2016 - International Metallics Corp. (Canada) Ltd. has selected Midrex Technologies Inc. and partner Primetals Technologies to outfit a proposed hot briquetted iron plant in the Canadian province of Quebec.
Tenaris Closing U.S. OCTG Couplings Plant
27 January 2016 - OCTG producer Tenaris is planning to mothball its couplings facility in Houston, Texas, USA, by the end of March, the company has announced.
EUROFER: EU Steel Demand May Grow in 2016, But Uncertainty Abounds
27 January 2016 - Steel demand is relatively weak, prices are low and imports are continuing to pummel the European market. And with more than enough to go around, producers will be fighting for orders, creating uncertainty as the industry heads deeper into 2016, according to EUROFER, the European Steel Association.
SMS group Installs New Welding Line at Russian Pipe Works
27 January 2016 - Russia’s Gazpromtrubinvest has commissioned a 16-inch, high-frequency pipe-welding line at its Volgorechensk pipe works, according to the supplier on the project.
U. S. Steel Posts US$1.5B Loss in 2015
27 January 2016 - 2015 will go down as a significant year for United States Steel Corporation, but for the wrong reasons: the integrated steelmaker posted a net loss of US$1.5 billion on the year, illustrating the difficult market conditions the company and other steelmakers are facing.
Court Rules Vale Can Reopen Brazilian Port -- For Now
26 January 2016 - Last week, a Brazilian court ordered that iron ore exporter Vale SA close its Tubarao port, one of the world’s most important iron ore import-export terminals.
With a Labor Deal Yet to be Had, Steelworkers Plan Rally at ArcelorMittal HQ
26 January 2016 - About a month ago, the United Steelworkers union struck up a tentative bargain with United States Steel Corporation. The union is ratifying the contract, and a final tally is due 1 February.
Accounting Charges, Mill Idling Costs Help Sink AK Steel's 2015 Earnings
26 January 2016 - Although sales and shipments rose in 2015, U.S.-based AK Steel Corp. lost US$510.7 million on the year after writing off investments in its iron ore and incurring costs to idle its Ashland, Ky., steel works, the company has announced.
ArcelorMittal Mothballs Spanish Mini-Mill
25 January 2016 - ArcelorMittal is indefinitely idling its Sestao mini-mill in Spain, blaming “extremely adverse” market conditions.
Sanctions End, and Iran Goes Shopping
25 January 2016 - Italian mill builder Danieli expects to sign commercial agreements with Iran worth up to US$5.7 billion as economic sanctions end and the country set about to modernize.
Steel Dynamics, Mississippi Officials Mark Start of Plant Expansion
25 January 2016 - U.S.-based Steel Dynamics Inc. (SDI) has broken ground on the company’s new paint line and Galvalume production facility at its Columbus, Miss., USA, plant.
Quebec Considers Public Investment in Tata Steel Ore Project
22 January 2016 - The Canadian province of Quebec has signed an agreement in principle with Tata Steel to buy into the company’s direct shipping ore project in the Labrador Trough, reports La Presse Canadienne news service.
India Steps Back From POSCO Mill Project
22 January 2016 - The Indian government has set aside plans to establish a steel mill in partnership with South Korea’s POSCO, and will now focus on other projects with ArcelorMittal, reports The Times of India.
Moody's Initiates Broad Credit Ratings Review of Energy, Mining Companies
22 January 2016 - Moody’s is considering whether to downgrade 175 of the world's oil, gas, mining and metals businesses on account of the ongoing commodities downturn, the credit ratings agency has announced.
Environmental Concerns Prompt Closure of Major Iron Ore Terminal in Brazil
22 January 2016 - A Brazilian court has ordered one of the world’s primary iron ore import-export terminals to shut down owing to recurring pollution problems.
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