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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.
South Africa Expected To Impose Steel Tariffs
25 August 2015 - Heeding calls from labor groups and its steel industry, South Africa is planning to impose a 10-percent tariff on steel imports, according to Reuters.
China Moves Forward On Second Round Of Construction on Steel Works
25 August 2015 - In spite of lower demand and ample supply, China has begun the second phase of construction on a large, coastal mill in northern Hebei province, according to Reuters.
Report: Plant Fire Appears To Be Accidental
25 August 2015 - A large fire that broke out at an idled Japanese mill on 24 August may have been caused by workers who were using gas burners to dismantle the facility, reports Singapore’s The Straits Times newspaper.
U. S. Steel Corp. Moving Non-Union Employees To Defined Contribution Retirement Plans
24 August 2015 - United States Steel Corp. is freezing pension benefits for non-union employees and intends to move them onto a 401(k) plan, the Pittsburgh Business Times reports.
Canam Group Wins Record Order For Structural Steel Components
24 August 2015 - The bridge division of structural steel fabricator Canam Group Inc. has been awarded its largest contract ever, a CAD$225 million order to supply the superstructure for the approaches to a new Canadian bridge, the company has announced.
SSI's UK Slab Mill Faces Uncertain Future, Executive Says
24 August 2015 - Falling demand and prices have plunged the future of SSI UK Ltd.’s integrated slab mill in Teesside, England, into doubt, an executive at the company has warned.
Firefighters Summoned to Blaze At Japanese Steel Plant
24 August 2015 - A large fire broke out at an idled steel pipe plant in Kawasaki City, Japan, on 24 August, according to news reports.
BlueScope Steel To Lay Off Workers, Mulls Plant Shutdowns
24 August 2015 - Against the backdrop of plummeting steel prices, Australia's BlueScope Steel Ltd. has undertaken a review of its Australian and New Zealand plants and may wind up shuttering them, according to The Wall Street Journal.
BlueScope Steel Chairman To Retire in November
21 August 2015 - The chairman of Australia's BlueScope Steel Ltd. is retiring and will step down from the company's board before the end of the year, the company has announced.
Indian Ferrochrome Joint Venture Merges With Sponsor
21 August 2015 - The board of directors at India's VISA Steel Ltd. has approved a deal in which the company will fold a joint venture business with China's Baosteel Resources Co. Ltd. into itself, the company said in a press release.
Firms Buy Up Bankrupt Lee Steel Assets
21 August 2015 - A private equity firm with a portfolio of metals service centers has acquired bankrupt Lee Steel Corp., the firm has announced.
Steel Processor Pushes Back Plant Closure
21 August 2015 - Cold-finished steel bar manufacturer Niagara LaSalle Corp. has postponed the closure of its Buffalo, N.Y., USA, facility until the end of August.
Obituary: John D. Correnti
21 August 2015 - John David Correnti, age 68 of Blytheville, passed from this life Tuesday, August 18, 2015 in Chicago, Illinois.
Big River Steel Names New Chairman, CEO
20 August 2015 - Big River Steel, the new company building a US$1.3 billion mill in Arkansas, has named a new board chairman and appointed a new CEO following the sudden death of founder John Correnti, who held both of those positions. It also has named a new board director, the company has announced.
Steelmakers, Toyota Agree To Lower Sheet Prices
20 August 2015 - Major steelmakers that supply Toyota Motor Corp. have agreed to cut sheet steel prices on account of lower coal and iron prices.
Judge Declines To Carve Out Objections To U. S. Steel Debt Claims In Creditor Protection Case
20 August 2015 - United States Steel Corp.'s Canadian operation, U. S. Steel Canada, has been under creditor protection since September 2014. Its largest creditor? U. S. Steel, which says it is owed more than US$2.2 billion.
Cliffs Natural Resources CEO: China Steel Exports Reach 'Crazy' Levels
20 August 2015 - Chinese-made steel exports are likely to surge to more than 100 million metric tons this year, Cliffs Natural Resources CEO Lourenco Goncalves told BloombergBusiness.
Funeral Arrangements Set For Big River Steel CEO John Correnti
20 August 2015 - Funeral arrangements for Big River Steel CEO John Correnti, who died suddenly on 18 August, have been announced.
Troubled South African Steelmaker Selling Iron Ore Mine
19 August 2015 - Integrated steelmaker Evraz Highveld Steel & Vanadium is selling its Mapochs iron ore mine, according to Mining Weekly.
UAE's Emirates Steel Wins Rebar Order for Power Plant Project
19 August 2015 - Rebar and structurals producer Emirates Steel is among the companies that are sharing in Dh9.15 billion worth of construction contracts for the United Arab Emirates' first nuclear power plant, according to The National newspaper.
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