Steel News

New Reheat Furnaces On Order for Chinese Mill

02 November 2015 - Austria’s ANDRITZ has won an order for two reheat furnaces from Tangshan Iron and Steel Group in China, the company has announced.

Former ArcelorMittal Executive To Lead Finland's Outokumpu

02 November 2015 - The board of directors for Finland’s Outokumpu has appointed a new president and CEO, the company has announced.

Outotec to Acquire South African Mill Services Business

02 November 2015 - Outotec is acquiring South Africa’s Sinter Plant Services CC to complement its service offerings for the country’s ferrochrome market, Outotec has announced.

U.S. Producers Seeking Protection From Imported Welded Steel Pipe

30 October 2015 - Four U.S. producers have filed for trade protection from imported circular welded steel pipe.

Swedish Steelmaker Closing Rolling Mill, Reducing Shifts

30 October 2015 - Swedish engineering steel manufacturer Ovako is implementing a two-year restructuring program in order to reduce costs, the company has announced.

SMS Wins Order for Chinese Strip Mill

30 October 2015 - China’s Shandong Iron and Steel Rizhao has awarded a contract to the SMS group to supply a complete flat steel plant in the Shandong province, SMS has announced.

Baoshan Posts Quarterly Loss, Doesn't Expect Additional Capacity-Cutting Moves

30 October 2015 - China’s Baoshan Iron and Steel Corp. lost 920.5 million yuan, or US$145 million, during the third quarter, its first quarterly in nearly three years, according to the Reuters news service.

SMA President: 'We're Not Getting the Margins We Need'

29 October 2015 - Imports of Turkish-made rebar are poised to capture 25 to 30 percent of the U.S. market this year, handily exceeding the high-water mark, CMC Americas President Tracy Porter said on Thursday.

Task Force To Seek Out Buyer for Closing Scottish Mills

29 October 2015 - A task force organized to address the closure of two Tata Steel Europe plants in Scotland has agreed to seek a buyer for the facilities, reports the BBC.

Court Hears Environmental Challenge to New Mill's Air Permit

29 October 2015 - An Arkansas, USA, appeals court is weighing whether a state agency properly issued an air emissions permit for Big River Steel’s new “flex” mill that’s now under construction, according to reports.

Cargill Sells Stake in USA Mini-Mill

29 October 2015 - Cargill Inc. is selling its interest in its mini-mill joint venture to partner BlueScope Steel for $720 million, the company has announced.

AIST Foundation Establishes New Research Grant

28 October 2015 - The AIST Foundation has announced a new US$10,000 grant, the Electrical Engineering Grant (EEG), which is meant to encourage electrical engineering students to consider a career in the iron and steel industry and to help professors promote the industry to their students.

South Korean Steelmaker Upgrades Secondary Metallurgy Plant

28 October 2015 - South Korea’s Hyundai Steel Co. has put a new quick-change Ruhrstahl Heraeus (RH) process plant into service at its secondary metallurgy facilities in Dangjin, the vendor on the project has announced.

Tata Steel Researchers Move Into New U.K. Lab

28 October 2015 - Tata Steel has opened its new U.K. research center at the University of Warwick’s Science Park, the company has announced.

Analyst: U.S. Integrated Mills Now Among the Costliest Operations

27 October 2015 - Falling prices of seaborne coking coal and iron ore, along with other factors, have pushed America's integrated steel mills up the global cost curve, CRU senior consultant Adrian Doyle said on Tuesday.

Infrastructure Spending Not a Panacea for Steel Demand, Says SDI Executive

26 October 2015 - Despite a school of thought that says otherwise, an increase in public spending on America's crumbling infrastructure likely won't do much to lift steel demand, according to Steel Dynamics Inc. (SDI) Vice President Christopher A. Graham.

Analyst: Chinese Steel Demand Will Again Grow, But at a Much Slower Pace

26 October 2015 - The best days of Chinese demand for steel may be over, but it will likely resume growth in the next decade, according to CRU research manager Chris Houlden.

Have Assets for Sale? Nucor Might Be Interested in Hearing From You

26 October 2015 - With access to more than $3 billion in cash in credit, Nucor Corp. is in a good position to make opportunistic acquisitions in a challenging market, CEO John Ferriola said on 26 October.

New Technology Could Help Make the Steel Sector Greener

23 October 2015 - There's much room to improve the steel sector's carbon dioxide emissions, but to do it, it will take implementing some new technology that hasn't yet been fully developed -- and is too expensive to operate under current conditions, according to steel research consultant Jean-Pierre Birat.

Panelists: Chinese Exports Pose a Significant Threat to the U.S., European Markets

23 October 2015 - China's excess steelmaking capacity and the volume of exports flooding the market remain among the industry's biggest challenges, several industry leaders said on Friday.