Steel News

SDI Changes Up Senior Leadership Team

15 January 2019 - Steel Dynamics Inc. (SDI) is shifting its senior leadership, creating two new positions that will help support its planned US$1.7 billion sheet mill in the southwestern U.S. and moving two other executives.

Commercial Metals Looks to Notch Up Production at New Mill

09 January 2019 - Commercial Metals Company’s new Oklahoma micro-mill shipped nearly 60,000 tons during the company’s first quarter of fiscal 2019 and is preparing to bring on a fourth crew at the plant.

GFG Alliance Completes Deal for U.S. Wire Rod Manufacturer

03 January 2019 - GFG Alliance has finalized its US$320 million acquisition of Keystone Consolidated Industries (KCI), a move that will help clear the way for a planned initial public offering, the company has announced.

Indian Rebar Maker to See Substantial Capacity Increase

26 December 2018 - U.K.-based mining and energy conglomerate Vedanta Resources Ltd. plans to invest somewhere between US$3 billion to US$4 billion in an Indian steel mill over the next several years.

Chinese Induction Furnaces Find New Life in Other Asian Countries

18 December 2018 - In 2017, China said it lopped about 120 million metric tons of production capacity by closing induction furnaces at more than 600 companies.

Kobe Steel Targets Increased Wire Rod Processing Capacity in China

17 December 2018 - Kobe Steel Ltd.’s joint-venture wire rod processing business in China will invest 900 million yen (about US$8 million) to expand capacity there, its fifth such capacity expansion since 2009.

GFG Alliance Lays Out an Ambitious Plan to Build a Very Large Steel Works

13 December 2018 - The Gupta family’s GFG Alliance is committing more than AU$600 million toward upgrades to its iconic steelworks in Whyalla, Australia, and is planning construction of a massive steelmaking plant at the site, the company has announced.

GFG Alliance Acquiring Second U.S. Wire Rod Mill

03 December 2018 - Six months after restarting a shuttered wire rod mill in South Carolina, British industrialist Sanjeev Gupta is expanding his U.S. steel holdings.

Usha Martin Shareholders OK Tata Sale

12 November 2018 - Shareholders of Indian wire rope manufacturer Usha Martin Ltd. have signed off on Tata Steel’s planned acquisition of the business, The Hindu Business Line newspaper reports.

POSCO Contracts SMS group for Wire Rod Mill Improvements

12 November 2018 - SMS group has been awarded a contract to upgrade the wire rod mill at POSCO’s Pohang works in South Korea, the equipment supplier has announced.

KOCKS Wins Contract for South Korean Bar Mill Improvements

06 November 2018 - POSCO has contracted with German rolling mill specialist KOCKS for upgrades to a bar mill, the company has said.

Japanese Mill Launches Production of Spooled Rebar

06 November 2018 - Japan’s Topy Industries Ltd. has started up its new spooled rebar line and a new finishing block at its Toyohashi bar plant, reports the equipment supplier on the project.

Commercial Metals Co. Completes US$600M Acquisition of Gerdau Long Mills

05 November 2018 - Gerdau has finalized its sale of four U.S. mini-mills and nearly three dozen rebar fabrication shops to Texas-based Commercial Metals Co., the steelmaker said on Monday.

Report: U.K. Steelmaker Eyes Up Pennsylvania Wire Processor

05 November 2018 - British Steel is said to be looking at buying Pennsylvania’s Johnstown Wire Technologies, the (London) Financial Times reports.

U.S. Rebar Maker Slates Mill Upgrade

30 October 2018 - The operator of a Texas bar mill has turned to Primetals Technologies to upgrade the mill’s packaging end.

EVRAZ Eyes Expansion of U.S. Rail Capabilities

25 October 2018 - EVRAZ North America is weighing construction of a new US$480 million rail mill at its Rocky Mountain Steel facility in Pueblo, Colo., the company has announced.

Steelmaker Targets Heavier Bar-in-Coil Weights Through Mill Upgrade

16 October 2018 - South Korean long products producer DaehanSteel Co. Ltd. has awarded a contract to SMS group for upgrades to a rolling mill at the company’s Pyeongtaek plant.

Liberty House Adds Four European Steel Plants to Growing List of Assets

12 October 2018 - Sanjeev Gupta’s Liberty House Group has signed an agreement to buy four ArcelorMittal facilities in Europe, an acquisition that will double its rolling capacity to more than 15 million metric tons annually.

SMS group Receives Final OK on Bar Mill Improvements

05 October 2018 - Spain’s Sidenor Aceros Especiales has signed the final acceptance certificate on upgrades to a bar mill at its Basauri plant, reports the equipment supplier on the project.

Tata Expands Capacity With Usha Martin Acquisition

24 September 2018 - Indian wire rope manufacturer Usha Martin Ltd. is divesting its special steel plant and other upstream assets to Tata Steel for the equivalent of between US$589.6 million and US$644.5 million, the company has announced.