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.
Angolan Steelmaker Cuts the Ribbon on New Mini-Mill
21 January 2016 - Angola’s Aceria de Angola has started producing steel at its new 500,000-tons-per-year mini-mill near the capital of Luanda.
EU Takes Belgium, Italy to Task for State Support of Steelmakers
21 January 2016 - The European Commission has ordered Belgium to recover EUR211 million in aid it granted to steel companies in the Duferco group, saying the assistance distorted competition and violated EU state aid rules.
Improved Metal Spreads Lift Insteel Industries Q1 Profits
21 January 2016 - U.S.-based Insteel Industries Inc.’s first-quarter profits rose nearly 62 percent to US$6.7 million, the company reported.
U. S. Steel Warns of More Job Cuts at Lone Star Plant
20 January 2016 - United States Steel Corporation is planning to curtail production and lay off nearly 700 employees at its Lone Star tubular plant in Lone Star, Texas.
IEA: Oil Market Could Drown in Global Oversupply
20 January 2016 - Oil prices might continue to fall in 2016 as the world is poised to withdraw more from the Earth than it needs, according to the International Energy Agency.
Fourth Quarter Impairment Charges Cost Allegheny Technologies US$267M
20 January 2016 - Specialty steelmaker Allegheny Technologies Inc. said its fourth-quarter earnings will take a US$267 million hit from inventory charges, write-offs, and costs associated with layoffs and mill idlings.
Essar Steel Algoma to Begin Shopping Itself Around
20 January 2016 - Canada’s Essar Steel Algoma is to begin searching for a buyer or major investor in its Sault Ste. Marie, Ont., integrated mill, reports the online publication SooToday.com.
Union Continues to Bargain With Allegheny Technologies, ArcelorMittal
19 January 2016 - About a month after reaching a tentative labor deal with United States Steel Corporation, the United Steelworkers union is continuing to look for a new contract with ArcelorMittal and an end to the lockout at Allegheny Technologies Inc. (ATI).
China's Steel Production Contracts for the First Time in 25 Years
19 January 2016 - For the first time in as long as many can remember, Chinese steelmakers produced less than they did the year before, according to reports.
Hyundai Steel Starts Up Caster, Bar Rolling Mills at New Plant
19 January 2016 - A bloom caster, a large-bar rolling mill, and a combination small-bar and wire rod mill have been started up at Hyundai Steel’s new special steel plant in South Korea.
Commercial Metals Names New Chief Operating, Financial Officers
19 January 2016 - U.S.-based Commercial Metals Company (CMC) has promoted its chief financial officer as its new chief operating officer, the company has announced.
Report: OMK Exploring Sale of U.S. Tube Mill
18 January 2016 - Russia’s United Metallurgical Co. (OMK) is looking into selling its U.S. pipe mill, which it opened three years ago to capitalize on the then-booming energy market, according to the Reuters news service.
China Iron and Steel Association: Our Steelmakers Are Hurting, Too
18 January 2016 - Overcapacity and falling domestic demand are impacting the Chinese steel industry -- the country’s major steel producers lost US$8.07 billion from January to November 2015, reports the Reuters news service.
Tenaris Trims 100 Jobs at Arkansas Mill; Blames Oil Downturn
18 January 2016 - Tube maker Tenaris is shedding approximately 100 jobs at its welded pipe mill in Blytheville, Ark., USA, due to the weak energy market, the company has announced.
Tata Steel to Let Go More Than 1,000 at UK Mills
18 January 2016 - Tata Steel UK Ltd. is laying off 1,050 people, mostly from its integrated Port Talbot mill in Wales, on account of continued pricing pressure from low-cost imports, the company has announced.
Indonesian Steelmaker Orders Coil Equalizer
15 January 2016 - U.S.-based Delta Steel Technologies has won a contract to design and build one of its coil equalizers for Indonesia’s Gunung Steel Group, the company has announced.
Induction Heating Equipment Maker Fulfills Order for Strip Coatings Dryer
15 January 2016 - U.S.-based Ajax TOCCO Magnethermic has shipped an induction-heating dryer system to a steel strip galvanizing producer in China, the company announced.
AUMUND Wins Order for Conveyor at New DRI Plant in Algeria
15 January 2016 - Germany’s AUMUND Fördertechnik GmbH is building a 116-meter conveyor that will link a new hot direct reduced iron plant to a meltshop at the Tosyali Holding AS mill in Algeria.
French Rod Mill Upgrades Coil Handling System
15 January 2016 - French stainless steel wire rod producer Ugitech has awarded a final acceptance certificate on upgrades to the compacting and coil handling system in the company’s rod mill, according to the supplier, Primetals Technologies.
Warren Steel's Temporary Idling Becomes Permanent
14 January 2016 - After announcing a temporary idling in November, Ohio’s Warren Steel Holdings LLC has decided to shut down permanently. The decision affects 162 employees.
