Steel News

Cleveland-Cliffs Marks Start of Construction on HBI Plant

06 April 2018 - Iron ore miner Cleveland-Cliffs Inc. broke ground Thursday on its US$700 million hot-briquetted iron plant in Ohio, celebrating the start of work on a project that could displace up to 1.6 million tons’ worth of imported iron units.

AISI Lauds Plans to Revise Vehicle Emissions Standards

05 April 2018 - The American Iron and Steel Institute (AISI) said it supports the Trump administration’s decision to revise the new fuel efficiency standards laid out during the Barack Obama presidency.

Tin Mill Products Distributor Sold to Olympic Steel

04 April 2018 - Ohio-based service center Olympic Steel Inc. has acquired tin mill products processor and distributor Berlin Metals for an undisclosed amount, the company has announced.

Outokumpu Lands Record Rebar Order

04 April 2018 - Outokumpu has won an order for more than 2,500 metric tons of stainless steel rebar to be used in a North Carolina bridge project, its largest U.S. order for domestically made rebar to date.

Gerdau Finalizes Divestment of Texas Mill

03 April 2018 - Gerdau SA has completed the sale of its Beaumont, Texas, wire rod mill and two downstream facilities to an entity affiliated with Florida-based Wire Mesh Corp.

Workers Begin Reviving Idled Wire Rod Mill

03 April 2018 - The first group of United Steelworkers reported back to work today at the Liberty Steel Georgetown wire rod mill in South Carolina, becoming the first to clock in there since the facility closed in 2015.

JSW Steel Expands U.S. Presence with Sheet Mill Acquisition

29 March 2018 - India’s JSW Steel is acquiring the operator of a former Wheeling-Pittsburgh Steel mill in Ohio for about US$81 million, reports The Hindu newspaper.

Union Remains Hopeful for Deal to Save Hamilton Specialty Bar

29 March 2018 - Even as Canadian SBQ manufacturer Hamilton Specialty Bar (2007) Inc. faces liquidation, talks are continuing with a potential buyer who intends to continue operating the business, and the United Steelworkers union remains optimistic that a deal can be struck, reports Canadian news radio station AM900 CHML.

Primetals Technologies Finishes Upgrades to Georgia Caster

29 March 2018 - Gerdau’s sections mill in Cartersville, Ga., USA, has completed modifications to its 4-strand caster and has put the machine back into service, according to the equipment supplier on the project.

Steel Tariffs Enabling Potential Mill Restarts in Ohio

28 March 2018 - Republic Steel might restart a bar rolling mill at its idled Lorain, Ohio, USA, facility as soon as this spring, reports American Metal Market.

Section 232 Decision Prompts Canada to Shore Up Import Defenses

28 March 2018 - Canada is instituting new regulatory measures intended to thwart transshipping of steel through the country, Prime Minister Justin Trudeau’s office has announced.

Deadline to Save Canadian Bar Maker Passes Without an Offer

27 March 2018 - Canadian SBQ maker Hamilton Specialty Bar (2007) Inc. is to be liquidated after a would-be buyer failed to finalize an offer for the business.

New Mill to Expand Carpenter Technology's Soft Magnetics Capabilities

27 March 2018 - Carpenter Technology Corp. has announced plans to build a US$100 million hot strip mill at its Reading, Pa., USA, plant, expanding its capability to produce soft magnetic alloys.

JSW Steel Eyes US$500M Investment in Texas Mill

26 March 2018 - JSW Steel could invest up to US$500 million in its plate and pipe mill in Texas and add a hot end to the facility, according to an announcement.

Some U.S. Allies Granted Provisional Exemption to Steel Tariff

22 March 2018 - U. S. Trade Representative Robert Lighthizer said the European Union and four countries will be granted an initial pass on the Section 232 steel tariffs that go into effect Friday.

GrafTech Prepares for Return to NYSE

22 March 2018 - Graphite electrode manufacturer GrafTech International is looking to raise upwards of US$100 million through an initial public offering, reports Crain’s Cleveland Business.

Deadline for Hamilton Specialty Bar Sale Draws Near

22 March 2018 - An investment firm is scrambling to finalize a bid for insolvent SBQ maker Hamilton Specialty Bar in Canada before a deadline Monday.

HarbisonWalker Begins Firing Up Ohio Refractories Facility

21 March 2018 - U.S. refractories manufacturer HarbisonWalker International has finished construction of its new monolithic refractories plant and is starting up operations.

Big River Might Make Expansion Decision Soon

20 March 2018 - Big River Steel executive Mark Bula said he believes his company will make the call on an expansion sometime this year.

Consultant: New Oil, Gas Wells Will Be Plentiful, Deeper and Steel Intensive

20 March 2018 - U.S. oil and gas exploration companies are forecast to drill around 16,000 new wells annually over the next five years, supporting demand for oil country tubular goods and line pipe, according to S&P Global Platts consultant Nicole Leonard.