Steel News

U. S. Steel's Day in Court Coming on USSC Debt Claims

07 January 2016 - Attorneys for United States Steel Corporation are due in a Canadian court next week, where they will argue that $2.2 billion in debt claims on the company’s Canadian operation are valid – over the objections of a labor union, active and retired salaried employees, and local and provincial governments, according The Hamilton (Ontario) Spectator newspaper.

Canadian Iron Ore Producer Pulls Back on Winter Operations

06 January 2016 - Tata Steel Minerals Canada (TSMC), the steelmaker’s iron ore joint venture in Canada, is scaling down winter operations at its direct-shipping ore project.

Automakers: 2015 Was a Banner Year for Sales

06 January 2016 - As depressed as the steel markets might be, there’s at least this much to hold on to:

Italy's Ilva Group Put On the Sales Block

06 January 2016 - The Italian government is seeking a buyer for the ailing Ilva steel group, according to reports.

Nucor to Restart DRI Plant

06 January 2016 - U.S.-based Nucor Corp. intends to resume production at its Louisiana direct reduced iron (DRI) plant by the end of January, the company has announced.

Stainless Association Elects New Leadership

05 January 2016 - Universal Stainless & Alloy Products Inc. president and CEO Dennis M. Oates has been elected as chairman of Specialty Steel Industry of North America (SSINA), the organization has announced.

Electrical Upgrades Underway at Gerdau Bar Mill

04 January 2016 - Italy’s Automazioni Industriali Capitanio (AIC) is installing a new rolling mill control system at Gerdau's Jackson, Tenn., USA bar plant, the company has announced.

Outotec to Cut 150 Jobs in Finland

04 January 2016 - Finland’s Outotec will cut 150 jobs at home and throttle back production at a machine shop and at its filters unit as it attempts to pare EUR70 million in fixed costs.

SAIL, ArcelorMittal Hoping to Formally Establish New JV Later This Year

04 January 2016 - Executives at Steel Authority of India Ltd. (SAIL) and ArcelorMittal are looking to finalize a joint venture sometime this year for a new automotive steel mill in India, according to The (India) Economic Times newspaper.

Steelworkers, Allegheny Technologies Return to Bargaining Table

04 January 2016 - U.S.-based Allegheny Technologies Inc. (ATI) and the United Steelworkers union have resumed labor talks and are scheduled to meet this week, reports the Pittsburgh Tribune-Review newspaper.

Danieli, Tenova Bring New DRI Plant into Production

30 December 2015 - Ezz Steel’s new cold discharge DRI plant has been put into service and is exceeding production expectations by more than 10 percent, one of the plant's developers has announced.

Report: India's Steelmaking Capacity Might Triple in Next 10 Years

30 December 2015 - India’s annual steelmaking capacity is projected to reach approximately 300 million metric tons by 2026, according to the Business Standard newspaper.

AIC Upgrading Roughing Stands at German Rolling Mill

30 December 2015 - A German rolling mill will emerge from a holiday outage sporting new drives on four of its roughing stands, according to the vendor on the project.

Uttam Galva, POSCO Ink Technology-Sharing Agreement for Indian Joint Venture

29 December 2015 - India’s Uttam Galva Group has signed an agreement to incorporate POSCO’s steelmaking technology in their proposed joint venture plant in Maharashtra, reports The Hindu BusinessLine newspaper.

Minnesota Governor Gives Taconite Producer Final Offer to Repay Loan

29 December 2015 - Essar Steel Minnesota is reviewing a newly proposed timetable for repaying a US$66 million public loan on a project that hasn’t panned out the way officials had hoped.

New Coating Technology Put to Use in Offshore Well

29 December 2015 - Russia's TMK has shipped 32 metric tons of premium well products featuring its lubricant-free GreenWell polymer coating technology, the company has announced.

Tube City Testing Out New Process at Ohio Mill

28 December 2015 - AK Steel Corp. and mill services provider Tube City IMS are collaborating on what’s described as an improved steel recovery process, reports the Dayton Business Journal newspaper.

Keystone Consolidated Industries Expands Reinforcing Wire Mesh Capacity

28 December 2015 - U.S.-based Keystone Consolidated Industries Inc. is adding welded wire reinforcement (WWR) mesh production to its Sherman, Texas, facility, the company has announced.

World Steel Chairman: An Oil, Gas Recovery is Still Months Off

28 December 2015 - The oil and gas sector isn’t likely to begin to recover until at least the summer of next year, World Steel Association chairman Wolfgang Eder said during an interview with USA Today.

U.S. Commerce Department Proposes Big Dumping Margin on Chinese-Made Corrosion-Resistant Steel

23 December 2015 - The U.S. Department of Commerce has made a preliminary determination that steel producers in China, India, Italy and South Korea have dumped corrosion-resistant steel in the U.S.