Steel News

ArcelorMittal's U.S. Employees Need To Share More Of The Cost of Health Insurance, Company Says

03 August 2015 - Steel giant ArcelorMittal, which is negotiating a new labor deal with the United Steelworkers, said it needs to freeze or cut pay for some employees and require others to contribute more to the cost of their health insurance, according to the Wall Street Journal.

Steelmakers Set To Ink Deal on Technology Transfer

03 August 2015 - South Korean steelmaker Posco is expected to sign an agreement with India's Mesco Steel to transfer its Finex technology to a Mesco facility, according to the Business Standard newspaper.

TimkenSteel Posts Second-Quarter Loss

03 August 2015 - TimkenSteel lost $24.3 million during the second quarter as it continues to operate under challenging market conditions.

China To Temporarily Pull Back On Steel Production

03 August 2015 - China's steel mills are expected to curtail production this month and in September. The reason: the government wants to curb air emissions around the time of two big public events, according to a Bloomberg report.

Cliffs Natural Resources Idling Minnesota Taconite Operation

03 August 2015 - Lower orders and higher inventories have prompted Cleveland-based Cliffs Natural Resources to temporarily idle its United Taconite operation in the Minnesota Iron Range.

Crane Manufacturer Names New CEO

31 July 2015 - Panu Routila has been appointed president and CEO of Konecranes Plc. and is to begin his new duties sometime by the end of the year, the Finnish crane and hoist manufacturer has announced.

Worker Killed In Mill Accident Identified

31 July 2015 - Officials have identified a man who was killed July 25 at Nucor Corp.'s Berkeley mill in South Carolina.

Timken Sees Second-Quarter Profits Slip

31 July 2015 - The Timken Company saw its second-quarter earnings slide 41 percent to $36.7 million, partly on account of market-related declines in its mobile industries segment.

It Costs More To Fix Ford's Aluminum F-150 Than The Steel Version, Says Insurance Institute

31 July 2015 - Body repairs to an aluminum 2015 Ford F-150 took longer and cost 26 percent more than repairs to its 2014 steel-bodied counterpart, according to test results from the Insurance Institute for Highway Safety.

U. S. Steel To Idle Alabama Blast Furnace

31 July 2015 - United States Steel Corp. intends to idle the blast furnace at its Fairfield Works in Alabama, where the company is installing a new electric arc furnace.

Universal Stainless Records Q2 2015 Loss

30 July 2015 - Universal Stainless & Alloy Products Inc. lost $356,000 during the second quarter on account of falling demand from the power generation and oil and gas sectors and declining commodity prices, especially for nickel.

Weak Demand, Low Prices Take Toll on U.S. Steel Earnings

30 July 2015 - U.S. Steel Corp. posted a second-quarter net loss of $261 million, or $1.79 per diluted share, partly on account of low demand and prices.

World Steel Association: Governments Must Consider Steel's Importance When Setting Carbon Policies

30 July 2015 - The World Steel Association is calling upon the world's governments to engage the industry as they develop carbon emissions policies.

Essar Steel Algoma Closes Out Milestone Fiscal Year

30 July 2015 - Essar Steel Algoma Inc. returned to profitability in fiscal 2015, posting $194.4 million Canadian in earnings before interest, taxes, depreciation and amortization (EBITDA), the company reported.

Danieli To Equip CMC Micro Mill

29 July 2015 - Commercial Metals Co.'s proposed Oklahoma micro mill is to be outfitted with Danieli endless casting and rolling technology, Danieli has announced.

Report: China Steel Exports Reaching "Extraordinary" Levels

29 July 2015 - Steel exports from China have increased to extraordinary levels as demand in the world’s largest producer slows, according to a Bloomberg report. Meanwhile, the head of India’s third-biggest mill is decrying the impact of surging competition, it said.

Commercial Metals Company Selects Home For New Micro Mill

29 July 2015 - Commercial Metals Company (NYSE: CMC) has announced that it will build its second technologically advanced micro mill in Durant, Okla.

U.S. Producers Seeking Trade Relief From Cold-Rolled Imports

29 July 2015 - Several major U.S. steel producers -- AK Steel Corp., ArcelorMittal USA LLC, Nucor Corp., Steel Dynamics Inc., and U.S. Steel Corp. -- have filed petitions charging that foreign producers from eight countries are are dumping cold-rolled steel at substantial margins, harming the domestic industry.

EVRAZ Resumes Pipe Production at Pueblo Facility

29 July 2015 - EVRAZ restarted production at its Pueblo seamless pipe unit at the end of June and has brought back about 75 jobs temporarily vacated due to a slump in orders, an EVRAZ North America spokeswoman said.

U.S. Steel Begins Calling Back Laid-off Workers at Minntac Plant

28 July 2015 - U.S. Steel is in the process of calling back all 400 laid-off workers at its Minntac taconite pellet plant on the Iron Range, according to the Minneapolis Star Tribune newspaper.