Steel News

Union: U. S. Steel Plans to Idle Ohio Tubular Facility

08 March 2016 - United States Steel Corporation is planning to temporarily idle its Lorain, Ohio, USA, seamless tube mills, for two weeks, if not longer, a union official told The (Lorain County) Chronicle-Telegram newspaper.

Report: U. S. Steel Sets Up New Ownership Structure for Tubular Operations

08 March 2016 - United States Steel Corporation has created a new corporate structure for its tubular business, establishing a wholly owned subsidiary that will own its tube mills in Ohio and Alabama, reports the Pittsburgh Post-Gazette.

EUROFER: U.S. Duties on Cold Rolled Steel Will 'Re-establish' Level Playing Field

07 March 2016 - The U.S. Commerce Department’s preliminary imposition of a 266 percent duty on Chinese-made cold rolled steel will “re-establish” a level playing field. The European Union would do well to take note, said European Steel Association director general Axel Eggert.

ArcelorMittal CEO Sees Improvement on the Horizon

07 March 2016 - There’s finally some light at the end of the tunnel, ArcelorMittal’s chief executive told The (London) Financial Times.

ATI Looks for Post-Lockout Production to Normalize in April

07 March 2016 - With a six-month lockout at an end, unionized employees at Allegheny Technologies Inc. (ATI) are to begin returning to work 13 March, the company has announced.

Striking Workers Halt Production at Mexican Plant

07 March 2016 - Unionized workers at ArcelorMittal’s Lazaro Cardenas steel works in Mexico have walked off the job, saying that the company has violated their collective bargaining agreement.

Angry Shareholders Launch Proxy Fight at Iron Ore Development Company

04 March 2016 - There’s a proxy battle afoot at Canada’s New Millennium Iron Corp. as a group of shareholders, angry about the company’s direction and declining stock price, look to replace its board of directors, reports The Northern Miner trade newspaper.

Serbia Puts Nationalized Mill on Sales Block

04 March 2016 - The Serbian government is looking to sell a steel mill that it acquired -- for $1 -- from United States Steel Corporation in 2012, reports the Reuters news service.

NLMK Announces 2018 Blast Furnace Rebuild

04 March 2016 - Russia’s NLMK said it will spend US$104.4 million (RUB 7.5 billion) to rebuild the No. 6 blast furnace at its Lipetsk works.

India Considers Additional Support for Steel Industry

02 March 2016 - India’s steel ministry is weighing the feasibility of bailing out indebted local metal producers, reports BloombergBusiness.

Insteel Industries Appoints New Director

02 March 2016 - A longtime North Star Steel manager and executive will be joining the board of wire reinforcing products maker Insteel Industries Inc., the company has announced.

U.S. Commerce Department Sets Duty on Cold Rolled Imports

02 March 2016 - The U.S. Commerce Department will impose preliminary anti-dumping duties on cold rolled flat steel from seven countries, including China, the department announced on 1 March.

United Steelworkers Union Accepts Allegheny Technologies Labor Agreement

02 March 2016 - By more than a 5-to-1 margin, members of the United Steelworkers union ratified a new labor deal with specialty metals producer Allegheny Technologies Inc., ending a lockout that began in August.

Judge Confirms U.S. Steel Debt Claims Against Former Canadian Subsidiary

01 March 2016 - An Ontario judge has sided with United States Steel Corporation, agreeing that the steelmaker is indeed owed more than $2.2 billion from its former Canadian subsidiary, U. S. Steel Canada (USSC).

Ohio Electrode Manufacturer Adjusts Organizational Chart, Launches Strategic Review

01 March 2016 - Graphite electrode manufacturer GrafTech International Ltd. plans to realign its two business units and is considering a sale of one of them, the Ohio-based company has announced.

Thyssenkrupp Reveals Plans for New Auto Components Plant

01 March 2016 - thyssenkrupp plans to invest EUR100 million in a new automotive components plant in Hungary, the company has announced.

U. S. Steel Pulls Out of Mill Site Redevelopment Project

01 March 2016 - In November, United States Steel Corporation announced that it was withdrawing from plans to build a new headquarters in Pittsburgh, Pa., USA. Now, three months later, it’s backing away from a deal to redevelop an old mill site along Lake Michigan.

Grupo Simec Profits Fall 25% in 2015

29 February 2016 - Mexican SBQ producer said its 2015 profits declined 25 percent due to weaker steel prices, declining shipments and higher taxes.

ATI Labor Deal Includes Profit-Sharing Plan and Health Insurance Contribution

29 February 2016 - Unionized workers at specialty steelmaker Allegheny Technologies Inc. will have to pay more for their health insurance but could share in the company’s profits, under the terms of a tentative, four-year labor deal, reports the (Pittsburgh) Tribune-Review newspaper.

China Looks to Cut Nearly 2 Million Steel, Coal Jobs

29 February 2016 - Chinese officials said the country expects to eliminate 500,000 steelmaking jobs and 1.3 million coal mining jobs as it attempts to reduce capacity, according to reports.