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Commerce Department Proposes Big Countervailing Duty on Chinese-Made Plate

08 September 2016 - The U.S. Commerce Department has set preliminary countervailing duties of 210.5 percent on Chinese-made cut to length plate, ruling that producers there have been benefitting from unfair government subsidies.

Blaming Soft Plate Market, Essar Algoma Cuts Workforce

06 September 2016 - Canada’s Essar Steel Algoma is laying off more than six dozen employees owing to weakness in the plate markets, reports the online SooToday.com.

AK Steel Finishing Up Work on New R&D Center

02 September 2016 - AK Steel Corp. is nearing completion on its US$36 million research center in Ohio and expects to begin moving in employees this fall, reports the Dayton (Ohio) Daily News.

Danieli to Upgrade Turkish Meltshop

31 August 2016 - Turkey’s Kroman Çelik Sanayil is upgrading the injection system and installing Danieli’s Q-Melt Automatic EAF technology in its meltshop, Danieli has announced.

For Dongkuk Steel, The Technology Race Comes to a Photo Finish

31 August 2016 - South Korea’s Dongkuk Steel said it has developed inkjet printing technology designed specifically for printing on steel sheets, reports BusinessKorea.

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.

Steel Distributor Expands Into Southwestern U.S. With New Facility

30 August 2016 - Flat rolled distributor Lex Holding Co. has opened a facility in Houston, Texas, USA, expanding its market reach into the southwestern United States and Mexico, the company has announced.

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.

Temporary Mill Shutdowns in China May Halt Advancing Iron Ore Prices

25 August 2016 - Amid reports of orders for Chinese mills to shut down during the G20 summit in Hangzhou early next month, iron ore traders are likely to be keeping a close eye on the markets for signs of a retreat in prices.

Konecranes Says Its Hoist Business Can Stand on Its Own Financially

24 August 2016 - Had it been a stand-alone entity, Konecranes’ STAHL CraneSystems business would have posted earnings of EUR30 million before interest, taxes, depreciation and amortization in 2015, the company said on Thursday.

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.

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.

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