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.
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.
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.
