Steel News

MMK Locks In Four-Year Supply of Iron Ore

22 December 2016 - Russia’s OJSC Magnitogorsk Iron and Steel Works (MMK) has signed a long-term iron ore supply agreement with the Eurasian Resources Group, contracting for more than 30 million metric tons over the next four years.

Sweden's SSAB Contracts for Automation System Upgrade

22 December 2016 - SSAB Europe has awarded a contract to Primetals Technologies for a new automation system at its mill in Raahe, Finland.

AK Steel Awarded Grant to Support Electrical Steel

21 December 2016 - AK Steel Corp. has been awarded a US$1.8 million federal grant to help it develop new grades of electrical steels, according to The Cincinnati (Ohio) Enquirer newspaper.

SDI Starts Up New Paint Line at Mississippi Sheet Mill

21 December 2016 - Steel Dynamics Inc. has finished installing a new continuous paint line at its Mississippi sheet plant and coated its first coil there, according to the vendor on the project.

SMS Completes First Round of Upgrades to Exhaust System at Swedish Mill

21 December 2016 - Swedish tool steel maker Uddeholm AB is modernizing the EAF offgas system at its Hagfors site and has completed the first phase of work, according to the vendor on the project.

U.S. Steel to Close Tube Lines at Ohio, Texas Plants

21 December 2016 - United States Steel Corp. is permanently closing one of the two seamless tube mills at its Lorain, Ohio, plant and a welded tube mill at its Lone Star, Texas, plant, reports The Times newspaper of northwest Indiana.

Nucor to Buy Republic Conduit, Pushing Recent Pipe and Tube Investments to Nearly US$1B

15 December 2016 - Nucor Corp. has signed an agreement to acquire Republic Conduit from Luxembourg-based Tenaris S.A. for US$335 million, the steelmaker said on Thursday.

Seasonal Declines Expected to Dampen Nucor Earnings

15 December 2016 - Nucor Corp. expects to post weaker fourth-quarter earnings due to the typical end-of-year slowdown, the company said on Thursday.

Big River Rolls Out Its First Coil

14 December 2016 - Big River Steel has fired up the meltshop and hot mill at its US$1.3 billion facility and has produced its first coil, the steelmaker announced on Wednesday.

U.S. Steel to Restart Idled Strip Mill

13 December 2016 - United States Steel Corp. said it will bring back up the idled hot strip mill at its Granite City Works in Illinois to maintain production as other mills undergo maintenance outages, the steelmaker announced on Tuesday.

SAIL Fires Up New Silicomanganese Furnace

13 December 2016 - Steel Authority of India Ltd. has announced that its Chandrapur ferroalloy plant has begun ramping up a new silicomanganese furnace, said to be India’s largest.

German Steelmaker Upgrades Process Automation System

13 December 2016 - Primetals Technologies has won a contract to install level 2 process optimization system for a twin RH degassing plant and its two downstream treatment stations at Germany’s Salzgitter Flachstahl GmbH.

Stelco Takes Another Step Toward Completing Restructuring

12 December 2016 - Canada’s Stelco Inc. said it will move ahead with plans to be sold to New York investment firm Bedrock Industries and will seek court approval for the deal.

Nucor Stakes Another Claim in HSS Market

06 December 2016 - Nucor Corp. has signed a deal to acquire Alabama-based Southland Tube Inc., America’s third-largest producer of hollow structural sections, for US$130 million.

SMS Wraps Up Project on German EAF

05 December 2016 - SMS group has completed upgrades to an electric arc furnace at Germany’s Georgsmarienhütte GmbH, the equipment manufacturer has announced.

U.S. Steel Canada No More. It's Stelco Now.

02 December 2016 - In a move to reassert itself as a Canadian steelmaker that’s now independent of its Pittsburgh-based parent, U.S. Steel Canada is bringing back the Stelco name.

Report: Indian Steelmaker Joins Group Bidding on Italian Steelworks

01 December 2016 - India’s JSW Steel has joined a group of investors looking to acquire Italy’s Ilva steel plant, according to the Reuters news service.

The Scoop on ArcelorMittal's New Stacker Reclaimer? It's Now Up and Running, Contractor Says

01 December 2016 - Industrial contractor MC Industrial Inc. announced that it has wrapped up installation of a new stacker reclaimer at ArcelorMittal’s Burns Harbor mill in Indiana.

Commercial Metals Names New President

29 November 2016 - Commercial Metals Company's chief operating officer Barbara R. Smith can add a new title to her nameplate: president.

Tata UK Finds a Buyer for its Specialty Steel Business

29 November 2016 - Tata Steel Ltd. has a preliminary deal to sell its U.K.-based specialty steel business to Sanjeev Gupta’s Liberty House Group, the company has announced.