Steel News

Material Handling Equipment Specialist Turns Over New Rail-Welding Facility

22 September 2015 - U.S.-based JBS Cranes & Accessories Inc. recently handed over the keys to what it claims is the world’s largest seamless rail welding facility.

Indian Steel Ministry Asks Producers to Consider Iranian Investments

22 September 2015 - India’s steel ministry has asked domestic producers to consider making capital investments in Iran, which is extending its rail network and expanding ports and highways, according to The Indian Express newspaper.

Four Appointed to LME's Steel Committee

22 September 2015 - The London Metal Exchange (LME) has added four members to its steel committee as it prepares to launch new contracts for steel scrap rebar in November, the exchange has announced.

Global Steel Production Down in August

22 September 2015 - Worldwide crude steel production fell 3 percent in August, dropping to 132.2 million metric tons, according to the World Steel Association.

SSI Suspends Production at U.K. Mill, Undertakes Debt Restructuring

21 September 2015 - Thailand's Sahaviriya Steel Industries (SSI) and three main creditors said they will attempt to restructure THB50 billion (US$1.4 billion) in debt to repair the steelmaker’s balance sheet, Reuters reported.

Report: EU To Set Minimum Price On GOES Imports

21 September 2015 - The European Union is preparing to set a minimum price on imports of a specialized steel from five countries, including the United States, according to Reuters.

Patented Stainless Grade Chosen for Tank Project

21 September 2015 - Finland’s Outokumpu has fulfilled an order for 245 metric tons of its Forta LDX 2101 lean duplex stainless steel, one of its largest orders for the product to date, the company has announced.

More Layoffs Underway at U. S. Steel Corp.

18 September 2015 - United States Steel Corporation is laying off employees at its Pittsburgh, Pa., USA, headquarters, the Pittsburgh Business Times newspaper reported.

Institute: American Steel Exports Down in July

18 September 2015 - American-made steel exports fell by 8.1 percent in July, ending two straight months of increases, according to the American Institute for International Steel.

Judge Prescribes Mediation for Ailing U. S. Steel Canada

17 September 2015 - A judge has ordered United States Steel Corporation and others into mediation to hash out the future of the company's Canadian operation, U. S. Steel Canada (USSC), according to The Hamilton Spectator newspaper.

Essar Steel Algoma To Supply Bridge Plate for Canadian Project

17 September 2015 - Essar Steel Algoma has won a large order for structural steel to be used on Canada’s Champlain Bridge project, the company has announced.

Canadian Steel Buildings Maker Joins Trade Association

17 September 2015 - Steel buildings manufacturer BEHLEN Industries LP has joined the Canadian Institute of Steel Construction as a steel fabricator member, the company has announced.

IMS Gauges To Be Installed at New U.S. Tube Mill

17 September 2015 - No-contact measuring systems manufacturer IMS Systems Inc. has won an order for tube gauges at a new mill in Bay City, Texas, USA, the company has announced.

Malaysia Launches Investigation Into Imported Hot Rolled Coils

17 September 2015 - Malaysia has opened a safeguard investigation into imported hot rolled coils, the country’s Ministry of International Trade and Industry has announced.

Steelmaker Issues Acceptance Certificate on Continuous Caster Improvements

16 September 2015 - German steelmaker Elbe-Stahlwerke Feralpi GmbH has issued the final acceptance certificate for improvements to a 21-year-old continuous billet caster, according to the contractor on the project.

Unions: Lack of Support Threatens U.K Steel Industry

16 September 2015 - Labor unions have called on the British government to do more to support the country's steel industry following reports that SSI UK's Redcar works, along with roughly 3,000 jobs, are in jeopardy.

Chinese Steelmaker Enters Clean Technology Sector

16 September 2015 - China's General Steel Holdings Inc. is acquiring a majority equity stake in a manufacturer of industrial ceramics and a product used in systems that reduce air pollution, the company has announced.

Tata Steel Wins Approval For Mill Expansion

16 September 2015 - India's Environment Ministry has signed off on a Tata Steel project that will more than double the capacity of its Jamshedpur works' cold rolling mill, according to The Hindu Business Line newspaper.

U.K. Mill In Debt, Faces Uncertain Future

15 September 2015 - One of the United Kingdom’s largest steel mills is in financial peril, having missed a series of loan repayments to its banks, according to The Telegraph newspaper.

Company Wins Contracts for Blast Furnace Improvement at Italian Steel Works

15 September 2015 - The Paul Wurth Group has been awarded contracts for major environmental upgrades to the idled No. 5 blast furnace at Italy’s ILVA steel works in Taranto.