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.
Tenova Signs Preliminary Agreement to Build South American DRI Plant
22 July 2016 - A Peruvian company developing an iron ore mine in the southern Andes has struck a preliminary agreement with Tenova for two ore-processing plants, Tenova has announced.
Nucor Executives See Much Potential in Texas Plate Mill Acquisition
21 July 2016 - Nucor executives are upbeat about the company’s US$29 million investment in a Texas plate mill, saying it is a well-run, well-equipped facility that will give Nucor access to new value-added niche markets.
U. S. Steel Revises Injury Reporting Policy
21 July 2016 - United States Steel Corp. is changing its injury-reporting policy to allow workers to give notification after they’ve realized an injury has occurred, the United Steelworkers union has announced.
Nucor's Profits Rise in Second Quarter
21 July 2016 - Nucor Corp.’s second-quarter profit rose to US$233.8 million on and improving supply-side conditions, the company reported Thursday.
Nucor Expands Plate-Making Capabilities Through Acquisition
20 July 2016 - Nucor Corp. is acquiring a plate mill from a mining equipment manufacturer for about US$29 million, the steelmaker announced on Thursday.
British Steel Names Industry Veteran as Top Executive
20 July 2016 - Roland Junck, who once oversaw ArcelorMittal, has been named executive chairman of the new British Steel, the U.K. steelmaker announced on Thursday.
New Owner of Cold-Finish Equipment Manufacturer Looks to Streamline Production
20 July 2016 - Pennsylvania-based Big B Manufacturing has acquired cold-finished machine maker Hetran Inc. out of bankruptcy for US$765,000, according to reports.
There's More to Be Done on Meeting Fuel-Efficicency Standards, and Steel Still Has a Role to Play, Government Report Says
20 July 2016 - A new government report estimates that the U.S. vehicle fleet will average between 50 and 52.6 mpg in model year 2025, short of the goal laid out by the Obama administration in 2012. Nevertheless, automakers have made strides in improving fuel efficiency and can do even better.
SDI Looks for New Paint Line to Start in Early 2017; Wins Quality Certification for Premium Rail
19 July 2016 - Construction of a new paint line at Steel Dynamics Inc.’s Columbus, Miss., plant is on budget and on schedule, chief executive Mark Millet said on Tuesday.
Big Data Yields Bigger Savings for Russia's MMK
19 July 2016 - A data science firm said it has helped Russia’s Magnitogorsk Iron and Steel Works (MMK) save more than 3 million annually in steelmaking costs by applying predictive analytics to years of production data.
China Allowing Foreign Steelmakers to Set Up Wholly Owned Businesses
19 July 2016 - China is easing restrictions on foreign-owned companies from establishing steel-making plants in the country, reports the South China Morning Post.
U.S. Commerce Department Affirms Structural Tubing Duties
19 July 2016 - The U.S. Commerce Department has signed off on anti-dumping duties on carbon structural tubing from three countries.
Report: Overseas Bidder Looking at U.S. Steel Canada, Essar Algoma
18 July 2016 - A metals trading firm that seems to have lost out on its bid to acquire all of Tata Steel’s U.K. business is turning its attention to overseas targets, reports The (London) Financial Times.
Improving Flat Rolled Market Lifts Profits at Steel Dynamics
18 July 2016 - Steel Dynamics Inc. saw its second-quarter profits more than double due in part to improving conditions in the flat rolled sector, the company said on Monday.
Tenaris to Open Canadian Service Center By Year's End
18 July 2016 - Oil country tubular goods manufacturer Tenaris plans to open a service center in Alberta, Canada, late this year in support of oil and gas drillers operating in the Duvernay and Montney shales, the company has announced.
Rotek Expands Seamless Ring Capacity
18 July 2016 - Thyssenkrupp’s Rotek Inc. said the installation of a new ring mill at its Aurora, Ohio, plant is on schedule and expects to put it into service on 1 September.
China Makes a Record Amount of Steel in June
15 July 2016 - Chinese steel mills produced crude steel at a rate of 2.32 million metric tons per day in June, making the month the busiest ever -- on a daily basis -- for the country’s steelmakers, reports the Bloomberg news service.
German Steelmaker Expands Capabilities With Bar Mill Improvements
15 July 2016 - SMS group has won a contract to expand a German special bar quality mill, the equipment maker has announced.
EVRAZ Begins Work on New Blast Furnace in Russia
15 July 2016 - Russia’s EVRAZ has begun building a US$170 million blast furnace at its Nizhny Tagil steel works, the company has announced.
Essar Minnesota Names New Chief Executive
15 July 2016 - Essar Steel Minnesota has named a new chief executive to help guide the company through Chapter 11 bankruptcy and to help it complete its US$1.9 billion taconite mine and pellet plant, reports the Minneapolis Star Tribune.
