Steel News

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.

A New Business for Old Blast Furnaces? Probably Not, Says Cliffs CEO

20 March 2018 - Although idled North American blast furnaces conceivably could find a second life producing merchant pig iron, the likelihood that they will is low, said Lourenco Goncalves, chairman and chief executive of iron ore miner Cleveland-Cliffs Inc.

Policy Expert Criticizes Argument Behind Section 232 Decision

20 March 2018 - The Trump administration fails to make an adequate argument for imposing steel tariffs on national security concerns and will likely face numerous legal challenges, a former economic and trade policy adviser to President Bush said on Tuesday.

Indiana Steelmaker Expects Increase in Q1 Earnings

19 March 2018 - Steel Dynamics Inc. is forecasting first-quarter earnings of between 88 and 92 cents per diluted share, up nearly 10% over the same quarter last year.

Nucor Contracts with SMS group for Illinois Bar Mill

14 March 2018 - SMS group has been awarded a contract to build Nucor Corp.’s planned merchant bar mill at its existing Kankakee bar plant in Illinois.

AK Steel Workers OK New Labor Pact

13 March 2018 - Unionized employees at AK Steel Corp.’s Middletown Works in Ohio have ratified a new two-year labor agreement, the company announced Tuesday.

U. S. Steel Foresees Better 2018 Earnings

13 March 2018 - United States Steel Corporation has increased its 2018 earnings forecast by 13%, reflecting the restart of an idled blast furnace and the imposition of a 25% tariff on steel imports.

New Steel Mill Coming to Florida

12 March 2018 - Nucor Corp. has selected a site in central Florida as the home for a proposed US$240 million micro-mill, the company announced Monday.

Digitalization R&D Project Could Lead to Enhanced Production Scheduling at Big River

12 March 2018 - SMS group and a German university have launched a research and development project that focuses on automating production planning at Big River Steel.

It's Official: Trump Imposes 25% Tariff on Imported Steel

08 March 2018 - U.S. President Donald Trump signed proclamations on Thursday imposing a 25% tariff on imported steel and a 10% tariff on imported aluminum, but left open the potential for certain countries to be exempted.

Section 232 Decision Prompts U. S. Steel to Restart Illinois Blast Furnace

07 March 2018 - United States Steel Corporation plans to restart the B blast furnace at its Granite City Works in Illinois as a result of President Donald Trump’s proposed blanket tariff on imported steel, the company said on Wednesday.

Tenova Lands Contract for Annealing Facility

06 March 2018 - Tenova LOI Thermprocess and its Chinese subsidiary, Tenova LOI Thermprocess (Tianjin) Co. Ltd., have won an order for a wire rod annealing plant.

Trump on Steel Tariffs: 'We're Not Backing Down'

05 March 2018 - Here’s a look at some of the latest developments in the Trump Administration’s plans to impose a 25% tariff on imported steel and a 10% tariff on imported aluminum.

European Materials Maker Acquires HyComp LLC

02 March 2018 - Rolling mill components manufacturer HyComp LLC has been sold to the performance plastics unit of French multinational Saint-Gobain for an undisclosed amount.

UPDATE -- Trump to Set 25% Tariff on Imported Steel

01 March 2018 - U.S. President Donald Trump said Thursday that he plans to impose a 25% tariff on imported steel and a 10% tariff on imported aluminum for the sake of national security, according to reports.

ArcelorMittal Marks Opening of Laser-Welded Blanking Facility

26 February 2018 - ArcelorMittal Tailored Blanks has cut the ribbon on its third U.S. laser-welded automotive blanking facility in Detroit, Mich.

Higher Prices, Better Demand Lift North Star BlueScope Sales

26 February 2018 - Midwestern U.S. sheet manufacturer North Star BlueScope Steel saw its first-half sales rise 8% on higher steel prices, healthy demand for auto and construction steels, and rising demand in the energy sector.

Trump Reportedly Wants a Blanket Steel Tariff

26 February 2018 - U.S. President Donald Trump reportedly is in favor of imposing a blanket tariff on steel imports, according to the Bloomberg news service.