Steel News

Workers Protest Potential Merger of thyssenkrupp, Tata European Operations

31 August 2016 - Steel workers at Germany’s thyssenkrupp staged a rally on Wednesday to protest the potential merger of the company’s European steel division with Tata Steel’s European unit, reports the Reuters news service.

Hebei Iron & Steel Begins Boosting Sales, Production at Serbian Mill

30 August 2016 - Nearly two months after acquiring Serbia’s ailing Železara Smederevo steel works, Hebei Iron & Steel has managed to lift the facility’s monthly sales and is targeting 1.7 million tons of production in 2017, reports Xinhua, China’s official news agency.

Vietnamese Steelmaker Announces Plans for Mammoth US$10.6B Works

30 August 2016 - Vietnam’s Hoa Sen Group plans to build a giant US$10.6 billion steel works whose targeted capacity would exceed the country’s total production in 2015, reports the online VN Express News.

POSCO Product Wins Top Government Honor

29 August 2016 - A POSCO product designed to cut noise between floors in apartment buildings has been recognized with a Jang Young Sil award, South Korea’s top honor for industrial technology.

Magnetation Planning to Wind Down Operations

29 August 2016 - AK Steel Corp. will pay up to US$37.5 million to end its pellet supply agreement with its joint venture pellet producer, Magnetation LLC, which will begin to wind down its remaining operations unless it finds a buyer or new financing.

ArcelorMittal Plans Improvements to Jumbo Beam Mill

29 August 2016 - Danieli has won an order for upgrades to the finishing end of ArcelorMittal’s jumbo beam mill in Luxembourg, the equipment manufacturer has announced.

Cliffs Natural Resources, Steelworkers Shake Hands on New Labor Agreement

26 August 2016 - North American iron ore miner Cliffs Natural Resources Inc. has reached a tentative labor agreement with the United Steelworkers union, the company announced on Friday.

Billions of Rupees Committed to a New Mill, Plans for Another Set Aside

26 August 2016 - India’s JSW Steel plans to commit the equivalent of US$7.5 billion to build a large steel works in the state of Odisha, reports the Business Standard newspaper.

In Indiana, Steelworkers Rally Over U. S. Steel Layoffs, and ArcelorMittal Advances Optimization Plan

26 August 2016 - The United Steelworkers union is rallying this afternoon in downtown Gary, Ind., protesting U. S. Steel Corp.’s decision to layoff approximately three dozen maintenance workers at the Gary Works, reports The Times newspaper of northwest Indiana.

JFE Steel, thyssenkrupp to License Each Other's Sheet-Forming Technology

25 August 2016 - Japan’s JFE Steel Corp. and thyssenkrupp Steel Europe AG have signed an agreement to cross-license each other’s flangeless automotive sheet-forming technologies, the steelmakers have announced.

Essar Minnesota Lists US$1.1B in Liabilities

24 August 2016 - Essar Steel Minnesota owes US$1.1 billion, more than five times the value of its reported assets, reports the Mesabi Daily News newspaper.

Report: Nippon Steel Looking for Advice on Splitting Brazil's Usiminas

24 August 2016 - Japan’s Nippon Steel & Sumitomo Metal Corp. is looking for help on drafting plans to split Brazil’s Usiminas between itself and Usiminas’ other controlling shareholder, Techint Group, reports the Reuters news service.

Tata Steel Initiates Exports of New Iron Product

24 August 2016 - Tata Steel said its new Kalinganagar steel works in India shipped its first export batch of an alternative iron product called Tata Ferroshots.

Arrium Goes Out on the Road in Search of a Buyer

23 August 2016 - Executives of Australian steelmaker and iron ore miner Arrium are in Asia this week, shopping around the debt-laden business in advance of the release of the formal sale documents, reports The Australian Financial Review.

BlueScope Steel Exits Castrip Joint Venture

23 August 2016 - Australia’s BlueScope Steel Ltd. has divested its stake in Castrip LLC, its thin strip casting technology joint venture, for US$20 million, the steelmaker disclosed on Monday.

Wire Rod Manufacturer Restarts Upgraded Mill

23 August 2016 - SMS group has successfully completed upgrades to a German wire rod mill, the equipment maker has announced.

South African Steelmaker Agrees to US$110M Fine for Price Collusion

23 August 2016 - ArcelorMittal’s South African unit has agreed to pay the equivalent of US$110 million in fines to settle accusations that it had colluded to fix steel and scrap prices, according to reports.

United Steelworkers, Others Pressing Canadian Federal Government to Support Steel Industry

22 August 2016 - Calls are mounting for the Canadian federal government to step off the sidelines and take action in support of Canada’s steel industry and its employees, both retired and active, reports The Hamilton Spectator newspaper.

Aided by Its North American Sheet Mill, BlueScope's Fortunes Rise in Fiscal 2016

22 August 2016 - Australia’s BlueScope Steel more than doubled its underlying net profits in fiscal 2016 due in part to higher sales and cost reductions as well as to having taken full ownership of its U.S. sheet mill.

AK Steel Begins Marketing New High-Strength Auto Steels

22 August 2016 - AK Steel Corp. is launching a new line of high-strength, lightweight steels intended to help automakers reduce the weight of their vehicles, the Ohio-based steelmaker announced on Monday.