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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.
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.
Steel Industry Veteran Executive John Correnti Dies Suddenly
19 August 2015 - Steel industry leader and visionary John Correnti, who was instrumental in establishing several new steel mills in the U.S., died suddenly in Chicago on 18 August. He was 68.
MSCI: July Steel Shipments Fall, Inventories Rise
18 August 2015 - U.S. and Canadian steel shipments declined 7 percent in July, dropping to 3.44 million tons, according to the Metals Service Center Institute.
Magnitogorsk Holding On To Stake In Iron Ore Producer
18 August 2015 - Russia's OAO Magnitogorsk Iron & Steel is going to wait for better days in the iron ore market before selling its piece of ore producer Fortescue Metals Group Ltd., according to BloombergBusiness.
Indian JV Inaugurates New TMT Bar Mill
18 August 2015 - The Steel Authority of India Ltd. in partnership with another company are opening a new mill capable of producing 100,000 tonnes annually of thermomechanically treated bar, India's The Economic Times reports.
U.S. Steel To Shut Down Alabama Blast Furnace, Finishing Operations
17 August 2015 - United States Steel Corp. intends to shut down -- permanently -- the blast furnace and halt most of the finishing operations at its Fairfield Works in Alabama on account of the new electric arc furnace being installed there, the Pittsburgh-based company has announced.
Institute: Recent Trade Cases Could Have Broader Impacts on U.S. Economy
17 August 2015 - The American Institute for International Steel is weighing in with a few thoughts regarding the spate of trade cased filed by U.S. producers, saying the cases come with a few pitfalls that merit consideration.
With Contract Deadline Looming, Steelworkers Plan A Week of Rallies
17 August 2015 - Members of the United Steelworkers union are planning a week of rallies at U.S. Steel Corp. and ArcelorMittal facilities as it tries to negotiate a new labor deal with the companies by Sept. 1.
New U.S. OCTG Mill Begins Ramping Up Production
17 August 2015 - Seamless tubes have begun rolling off the line at Benteler Steel/Tube GmbH's new OCTG mill in Shreveport, La., USA, AMM reports.
Thai Rod Mill Awards Contract For Furnace Modifications
17 August 2015 - Primetals Technologies has won an order for electric arc furnace upgrades at a rod and wire mill in Thailand, the company has announced.
Allegheny Technologies To Lock Out Workers
14 August 2015 - Specialty steelmaker Allegheny Technologies Inc. has given notice that it will lock out 2,200 workers at its plants beginning 15 August, a move that was immediately blasted by the United Steelworkers union.
