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World

All the latest headlines from all regions of the world outside the NAFTA market.

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G20 Nations Pledge to Address Excess Steel Capacity

06 September 2016 - Leaders at the G-20 summit in China have agreed to create a group that will promote discussion and cooperation amongst nations on the world’s excess steelmaking capacity.

U.S. Trade Commission OKs Duties on Cold-Rolled Imports

02 September 2016 - The U.S. International Trade Commission has affirmed the imposition of anti-dumping duties on cold-rolled steel from four countries, but has declined to apply them to Russian imports.

thyssenkrupp Engages Labor on European Steel Restructuring

01 September 2016 - thyssenkrupp and labor representatives have agreed to establish a task force that is to discuss, among other things, whether the company needs to merge steelmaking operations with others, according to the Reuters.

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.

Steel Not on the G-20 Agenda for China

30 August 2016 - China is keen on discussing its financial reforms during the upcoming Group of 20 summit – and less so on talking about the world’s excess steelmaking capacity, reports The Nikkei Asian Review.

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.

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.

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.

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.

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.

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