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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.
Falling Prices, Shipments Push U. S. Steel Canada Deep Into the Red
15 March 2016 - U. S. Steel Canada (USSC) posted a CAD144 million (US$107.8 million) operating loss in 2015 due to lower shipments and declining prices, according to a court filing.
AK Steel CEO: We're Focused on Idea Generation
15 March 2016 - How do you win a down market? AK Steel Corp.’s new CEO has five ways.
Steel Imports Have Declined Slightly, Market Has Improved Modestly, Nucor Says
15 March 2016 - Nucor Corp. said its mills are benefiting from “modest” market improvements and expects to post a first-quarter profit of between 20 and 25 cents per share later this spring.
Cliffs Natural Resources to Resume Production at Idled Iron Ore Mine
14 March 2016 - Seeing some improvement on the horizon, Cliffs Natural Resources is restarting its idled Northshore Mining operation in Minnesota, the company has announced.
Tata Steel Eyes September Commissioning for New Steel Works
14 March 2016 - India’s Tata Steel is bringing up its new Kalinganagar steel works in the state of Odisha and plans to have it fully commissioned by September, company officials said.
American Industries Bought Less Electricity in 2015, Says EIA
14 March 2016 - For the fifth year in the past eight, U.S. electricity sales have fallen, with declining industrial demand partly to blame, according the U.S. Energy Information Administration.
Deutsche Bank Plans to Reduce Credit Exposure to Steel, Mining Industries
14 March 2016 - The downturn in the steel and mining industries is prompting Germany’s largest bank to pull back on its lending to those areas.
EUROPIPE Bags 890,000-Ton Order For Undersea Pipeline
11 March 2016 - German joint venture EUROPIPE is being awarded to contract to supply nearly 1 million tons of large-diameter pipe for a natural gas pipeline running under the Baltic Sea.
Jindal Steel Looks to Monetize Assets and Pay Down Debt
11 March 2016 - Indian steelmaker Jindal Steel and Power Ltd. plans to sell stakes in some of its steel businesses as a way to raise money and pay off debt, according to livemint.com.
Deadline Nearing for Sale of Tata Steel Europe Long Products Business
11 March 2016 - Talks between investment firm Greybull Capital and Tata Steel over the sale of its European long products business are continuing, but the steelmaker is sticking to a self-imposed deadline to strike a deal, reports the U.K.’s Mirror tabloid.
Workers Vote Down Arrium Request for Pay Concessions
10 March 2016 - Approximately 400 unionized iron ore miners at Australia’s Arrium have rejected the company’s request for wage concessions, saying they won’t agree to it until the company provides a clear financial plan for continuing operations, according to Australian broadcaster ABC.
China's Planned Capacity Cuts Aren't Enough, says Veteran Steelmaker
10 March 2016 - China’s plan to shutter 100 million to 150 million metric tons of steelmaking capacity won’t be enough to restore balance to the sector, Zhang Wuzong, chairman of privately owned Shandong Shiheng Special Steel Group told, the Reuters news service.
Harsco Wins Extended Agreement With Stainless Manufacturer
10 March 2016 - Mill services provider Harsco Corp. has won a five-year contract extension at a Belgian stainless mill, the company has announced.
First 1-Inch Coil Processed on New Red Bud Line
09 March 2016 - Coil-processing equipment manufacturer Red Bud Industries recently celebrated a significant achievement – it has built and installed what it says is one of the world’s largest cut-to-length lines and has processed its first coil of 1-inch steel, the company said in a statement.
China Intends to Idle More than 200 Mills in its Steelmaking Center
09 March 2016 - The Hebei province, China's steelmaking heartland, will close 60 percent of its steel mills by 2020 as part of the country's effort to curb excess capacity, reports Chinese business and finance magazine Caixin.
Paul Wurth Wins Order for Blast Furnace Charging System
09 March 2016 - South Korea’s POSCO has ordered a new charging system for the No. 3 blast furnace at its Pohang works, according to the vendor on the project.
Alpha Natural Resources Hopes to Exit Bankruptcy This Summer
08 March 2016 - Bankrupt metallurgical and thermal coal miner Alpha Natural Resources has filed a plan to exit U.S. Chapter 11 bankruptcy, but it will leave as a much smaller organization.
Primetals Awarded Contract for Caster Modernization
08 March 2016 - Italian steelmaker Acciaierie Valbruna S.p.a. plans to modernize the three-strand continuous billet caster at its Bolzano plant, according to the vendor on the project.
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.
