Steel News

Nippon Steel Plans BF Restart on Improving Demand

06 October 2020 - Japan’s Nippon Steel Corp. will restart a blast furnace that was idled earlier this year due to pandemic-driven declines in demand, reports commodities news and pricing service Argus.

Rising Steel Capacity Is Cause for Deep Concern, OECD Says

01 October 2020 - Despite the severe drop in steel demand caused by the COVID-19 pandemic, global steel capacity is rising and could reach 700 million metric tons in excess of production this year, reports the Organisation for Economic Co-operation and Development steel committee.

ArcelorMittal to Return Brazilian BF to Service

24 September 2020 - Anticipating an economic recovery, ArcelorMittal Brazil plans to restart a blast furnace at its Tubarão facility next month, reports commodities news and pricing service S&P Global Platts.

Rising Demand Prompts JFE Blast Furnace Restart

23 September 2020 - Citing recovering demand, Japan’s JFE Steel has restarted the No. 4 blast furnace at its Fukuyama steel works, reports commodities news and pricing service Argus.

SDI Forecasts Improved Q3 Earnings

23 September 2020 - Steel Dynamics Inc.’s expects to see its third-quarter profits rise on improving market conditions, the company reports.

Non-Residential Construction Likely to Lift Nucor Q3 Profits

17 September 2020 - Nucor Corp. expects its third-quarter profits to notch up on continued resiliency in the non-residential construction market, the steelmaker said in its quarterly earnings forecast on Thursday.

Chinese Steel Production Sets August Record

15 September 2020 - Healthy steel demand lifted China’s August crude steel output to a record 95 million metric tons, reports commodities news and pricing service Argus.

Shifting Lifestyles Should Drive New Demand for Cars, Says AK Steel CEO

27 August 2020 - Automakers are likely to see new consumer demand for vehicles as the coronavirus pandemic has caused permanent lifestyle shifts in the U.S., according to Cleveland-Cliffs Inc. chairman and chief executive Lourenco Goncalves.

ArcelorMittal to Restart Idled Furnace, Announces Layoffs

05 August 2020 - ArcelorMittal is restarting an idled Indiana blast furnace as it repairs another unit damaged in a fire last month, reports The Times newspaper of northwest Indiana.

Improving Demand Prompts Indiana BF Restart

23 July 2020 - United States Steel Corporation plans to restart the No. 8 blast furnace at its Gary Works in Indiana next month, reports The Times newspaper of northwest Indiana.

Steel Dynamics Reports Q2 Profit

22 July 2020 - Despite the economic turmoil caused by the COVID-19 pandemic, Steel Dynamics Inc. (SDI) finished the second quarter in the black and expects demand to improve in the second half of the year, the steelmaker said Tuesday.

Alacero: Rising Import Levels Cause for Concern

20 July 2020 - Latin American steel demand fell 30% in April as the COVID-19 pandemic forced the region’s economy into a halt, but there is some indication that a recovery has started, according to Alacero, the Latin American Steel Association.

U. S. Steel to Bring Gary Works BF Back Into Service

01 July 2020 - United States Steel Corporation plans to restart an idled blast furnace on account of rising demand, reports The Times newspaper of northwest Indiana.

World Steel Sees Recovery in 2021

20 June 2020 - Steel producers throughout the world generally should see demand pick back up in 2021, but it could take at least two years for it to return to pre-pandemic levels, according to a World Steel Association (worldsteel) economic forecast.

SDI Issues Q2 Guidance

19 June 2020 - Steel Dynamics Inc. (SDI) expects to report second-quarter earnings in the range of 29 cents to 33 cents per share, but is looking for business to improve as steel-consuming businesses resume operations.

Nucor: Q2 Likely to Be Better Than Expected

18 June 2020 - Nucor Corp. is forecasting second-quarter earnings of 10 cents to 15 cents per diluted share, a better-than-expected result that is supported in part by non-residential construction demand, the company said Thursday.

Flat-Rolled Demand Is Beginning to Improve, U. S. Steel Says

17 June 2020 - United States Steel Corporation expects to report a second-quarter loss, but said it believes the quarter will mark the bottom of this year’s COVID-19 downturn.

China Closes in on Production Milestone

15 June 2020 - Through the first five months of 2020, China’s steel production is on pace to cross the 1-billion-metric-ton threshold this year, reports commodities news and pricing service Argus Media.

Cleveland-Cliffs to Restart Iron Ore Mine as Demand Begins to Rebound

09 June 2020 - Iron ore miner and steelmaker Cleveland-Cliffs Inc. is resuming construction of its hot briquetted iron (HBI) plant in Ohio and moving up plans to restart an idled iron ore mine in Michigan.

EU Steelmakers Push for Lower Import Limits

08 June 2020 - Europe’s leading steelmakers are calling on the European Commission to lower the limit on the amount of steel that can be imported tariff-free into the bloc, saying that a potential flood of inexpensive steel threatens an already imperiled industry.