Steel News

Gerdau Reaches Deal to Sell Texas Mill

31 January 2018 - Looking to focus more on its value-added business, Gerdau SA said Wednesday that it is divesting its Beaumont, Texas, USA, wire rod mill and two downstream facilities.

Nucor Earnings Rise on Increased Shipments, Prices

30 January 2018 - Nucor Corp. saw its full-year profits rise 66% to US$1.3 billion, owing in part to higher steel prices and increased shipments, the steelmaker reported on Tuesday.

Mesabi Metallics Finds Potential Pellet Customers in China

30 January 2018 - Iron ore investor Tom Clarke, who is attempting to revive the stalled Essar Steel Minnesota taconite project, tells the Duluth (Minn.) News Tribune newspaper that he has preliminary off-take agreements with Chinese steelmakers.

TMK IPSCO Launches IPO, Aims to Raise More than US$465M

30 January 2018 - The American arm of Russian tubemaker PAO TMK has launched its initial public offering at US$20 to US$23 per share.

Gerdau Upsizes Blooms at Michigan Mill

29 January 2018 - In an effort to improve steel cleanliness and better serve customers, Gerdau’s special bar quality mill in Monroe, Mich., USA, plans to begin producing 240-mm square blooms this fall.

Steel Association Hopes for Quick Decision on Section 232 Action

25 January 2018 - The Steel Manufacturers Association is urging U.S. President Donald Trump to make a speedy decision on the course of action he’ll take relative to the Commerce Department’s Section 232 investigation.

ATI Joint Venture Initiates Sheet Production

25 January 2018 - Stainless and specialty alloys manufacturer Allegheny Technologies Inc. (ATI) has made some early production runs of stainless sheet produced through its joint venture with China’s Tsingshan Group.

Canadian Plant Targets 100K Ton Lift in Capacity Through Capital Upgrades

25 January 2018 - ArcelorMittal Long Products Canada will invest nearly CA$70 million (approximately US$56.8 million) in its Contrecoeur, Que., facilities over the next three years, the company has announced.

U. S. Steel Sued Over Chromium Discharges

24 January 2018 - The city of Chicago has sued United States Steel Corporation in federal court over two accidental discharges of chromium into Lake Michigan.

Gerdau Shakes Up North American Leadership

23 January 2018 - Gerdau and the president of its North American long steel division have parted ways.

Steel Dynamics Had a Great Year. Here's Why.

23 January 2018 - Steel Dynamics Inc. had a banner year in 2017 as the company set new records for steel shipments, sales and safety, it said on Tuesday.

General Carbide Acquires Specialized Auto Tool and Die Business

23 January 2018 - Pennsylvania-based tooling maker General Carbide Corp. has acquired Only Tool, a tooling manufacturer that serves automotive suppliers.

Fire Damages AK Steel Mill

22 January 2018 - AK Steel Corp. has begun repairing the steel shop at its Middletown, Ohio, mill after molten steel escaped from a ladle and damaged the facility.

Commercial Metals Company to Launch Branded Rebar Production at South Carolina Mill

19 January 2018 - Commercial Metals Company (CMC) is gearing up its Cayce, S.C., USA, rebar mill to produce the ChrōmX line of rebar acquired through its purchase of MMFX Technologies Corp.

Canadian Bar Maker Put Up for Sale, Faces Potential Liquidation

18 January 2018 - Canadian special bar quality manufacturer Hamilton Specialty Bar (2007) Inc. was officially put up for sale on Thursday after one of its lenders called a CDN$27.5 million loan and forced it into receivership earlier this month.

U.S. Producers Claim Injury From Imported Large-Diameter Pipe

17 January 2018 - Members of the American Line Pipe Producers Association and other companies are accusing welded, large-diameter pipe manufacturers from six countries of undercutting domestic prices.

Pickling Line Builders Sign Cooperation Agreement

17 January 2018 - Butech Bliss, a manufacturer of coil processing equipment, and Nelson Steel Technologies, a builder and operator of pickling lines, have formed a strategic alliance to sell pickling lines in North America, the companies have announced.