Steel News

In Electric Vehicles, There's A Case to Be Made For — And Out of — Steel

17 June 2019 - As the number of battery electric vehicles begins to increase, steel might have a new opportunity in one critical component: battery boxes, Steel Market Development Institute vice president Jody Hall said on Monday.

Nucor Forecasts Lighter Q2 Profits

17 June 2019 - Nucor Corp. expects its second-quarter earnings to fall approximately 42% as service centers draw down inventories, the company said on Monday.

Liberty Steel Acquires Pennsylvania Wire Maker

13 June 2019 - Pennsylvania-based Johnstown Wire Technologies (JWT) has been sold to Sanjeev Gupta's Liberty Steel USA for an undisclosed amount, the company has announced.

SDI Draws Near to Site Decision on New Sheet Mill

13 June 2019 - The Texas Comptroller’s office has ruled that Steel Dynamic Inc.’s proposed southwest flat-rolled mill qualifies for local tax breaks, a decision that potentially opens the door to an agreement on economic incentives for the mill – and possibly a final decision on its location.

Mittal: EU Must Take Further Measures in Wake of Steel Tariffs

13 June 2019 - ArcelorMittal chief executive Lakshmi Mittal says the European Union needs to further protect the domestic steel market from imports that are being deflected by U.S. President Donald Trump’s steel tariffs.

EU Says No to Tata, thyssenkrupp Deal

13 June 2019 - The European antitrust regulators have blocked thyssenkrupp and Tata Steel’s proposed European joint venture, officially ending a deal the companies decided to scrap last month.

SAIL to Replace Three Converters at Steel Works

06 June 2019 - The Steel Authority of India Ltd. has contracted SMS group for three new converters at its Durgapur works.

Citing Softening Demand, ArcelorMittal Furloughs Italian Workers

06 June 2019 - ArcelorMittal Italia is temporarily laying off approximately 1,400 workers amid weakening demand and heightened competition from imported steel, the company has announced.

Big River Steel Has Finalized Financing for Its Mill Expansion. Here’s How Much.

04 June 2019 - Big River Steel has lined up US$777 million in financing for the planned expansion of its flat-rolled mill in Osceola, Ark., USA, the company has said.

Danieli Receives Additional Order Tied to Sheet Mill Overhaul

04 June 2019 - Nucor Corp. has contracted Danieli to build a new emissions control system for its Gallatin sheet mill, a follow-on order arising from the steelmaker’s overhaul of the Kentucky facility.

ATI Divests Indiana, Kentucky Forges

04 June 2019 - Allegheny Technologies Inc. has sold two closed-die forging facilities to a Chicago private equity firm for US$37 million in cash, the company said.

UAW OKs Labor Agreement With AK Steel

04 June 2019 - Union workers at AK Steel Corp.’s Zanesville, Ohio, mill have ratified a three-year labor agreement with the company.

SMS group Gets the Nod for Reheat Furnace Build

30 May 2019 - SMS group has landed an order to build a new reheat furnace for the NLMK DanSteel A/S plate mill in Denmark.

ArcelorMittal Announces New Production Cuts

29 May 2019 - The world’s largest steelmaker on Wednesday announced new production curtailments in Europe, citing weak demand and competition from imports.

Early Interest in British Steel Buoys Hopes

28 May 2019 - Potential buyers are kicking the tires on British Steel, giving some hope that the U.K. long products maker might be saved.

Italian Long Products Maker Reveals Plans for New Rolling Mill

28 May 2019 - Nucor Corp.’s Italian joint venture, Duferdofin-Nucor, will build an EUR150 million rolling mill in the province of Brescia, the company has announced.

Danieli Lands U.S. Rail Mill Contract

28 May 2019 - Danieli has been chosen to build EVRAZ North America’s planned rail rolling mill for its Pueblo, Colo., facility.

AHMSA Signs Acceptance Certificate on New Vacuum Degasser

23 May 2019 - Primetals Technologies has received the final acceptance certificate on a twin RH vacuum degasser it built for Altos Hornos de Mexico S.A.B. de C.V., the company has announced.

voestalpine Metallurgy R&D Center to Focus on High-Performance Steels

23 May 2019 - voestalpine has opened an EUR18 million metallurgy research center that is focused on high-performance steels that are used in specialty rails, quality wire rod and extremely durable oil country tubular goods.

Paul Wurth Bags Order for Two Blast Furnaces

23 May 2019 - SMS group’s Paul Wurth subsidiary has won contracts to build replacement blast furnaces for Turkey’s Erdemir Group, the company said in an announcement.