Steel News

So Far This Year, China Is Exporting Less Steel

08 May 2017 - China’s steel exports have declined 26% through the first third of the year, according to S&P Global Platts.

Steel M&A Picks Up as Prices Recover

08 May 2017 - Rebounding steel prices and capacity cuts in China have triggered a wave of mergers and acquisitions, and plants once considered worthless are now attracting attention from investors, reports the Reuters news service.

Indian Steelmaker Begins Offering Slag Sand

07 May 2017 - India’s Essar Steel has developed a slag-derived sand that could help satisfy demand for fine aggregates in construction, reports The Press Trust of India (PTI) news agency.

Three Killed in Steel Plant Accident

07 May 2017 - Three people were killed and three others were injured at an Indian steel mill after a ladle accidentally tipped and spilled 25 to 30 metric tons of molten metal, according to the Hindustan Times newspaper.

Saudi Steelmaker Upgrades Bar Mill Drives

04 May 2017 - Danieli Automation has won a contract to upgrade a portion of the No. 3 bar mill at SABIC’s Saudi Iron & Steel Co., the equipment manufacturer has announced.

China Ambassador Nominee Says He'd Work to Stop Steel Dumping

02 May 2017 - With compliments aplenty during his confirmation hearing on Tuesday, Iowa Gov. Terry Branstad is likely to be confirmed as the U.S. ambassador to China, according to reports.

Vallourec Names Chief Digital Officer

28 April 2017 - French tubemaker Vallourec has appointed Barthélémy Longueville as its chief digital officer, the company has announced.

Coal Prices, China Capacity Pose Challenges for Japan's Steelmakers

28 April 2017 - Japan’s three top steelmakers are successfully passing along higher raw materials costs to customers, but challenges remain as they start a new fiscal year, reports the Nikkei Asian Review.

Lincoln Electric Signs Deal to Acquire European Counterpart

27 April 2017 - Welding equipment and consumables manufacturer Lincoln Electric Holdings Inc. is acquiring Air Liquide’s welding equipment subsidiary for about US$125 million, the company announced on Thursday.

As Market Conditions Improve, Steelmakers Appear Ready to Invest

26 April 2017 - Steel prices and demand appear to beginning to recover, and steelmakers are starting to lay new bets on gradual improvement, reports the Bloomberg new service.

Trump's Trade Stance Worries Japanese Steelmakers

25 April 2017 - Japan Iron and Steel Federation chairman Kosei Shindo said the country’s steelmakers are concerned by what they said is U.S. President Donald Trump’s protectionism, reports the Reuters news service.

New Contract Expands Harsco's Middle Eastern Mill Portfolio

25 April 2017 - Mill contractor Harsco Corp. has landed a US$60 million agreement to provide services to a new rebar and wire rod plant in Egypt, the company announced Tuesday.

World Steel Association Revises Demand Forecast Upwards

21 April 2017 - Global steel demand is expected to rise 1.3% this year to an estimated 1.54 billion metric tons, according the latest short-range outlook from the World Steel Association.

Tenova Wins Order for Reheat Furnace

20 April 2017 - NLMK has awarded a contract to Tenova for a new walking beam furnace at its Lipetsk, Russia, mill.

March Was a Banner Month for China's Crude Steel Production

19 April 2017 - China set a new crude steel production record in March, making 72 million metric tons and besting the previous record by nearly 2%, according to the price and information service S&P Global Platts.

Forecast: Indian Steel Production Poised to Double by 2032

18 April 2017 - India’s steel output is expected to double over the next 15 years as its economy grows and its citizens move toward the cities, reports the Bloomberg news service.

Plans for Giant Steel Plant Put on Hold

18 April 2017 - Vietnam’s prime minister has stopped Hoa Sen Group’s massive $10.6 billion integrated steel plant to allow more time to study its feasibility and environmental impacts, reports Vietnam’s VnExpress newspaper.

Primetals Technologies Tapped for Rebar Mill Improvements

18 April 2017 - Primetals Technologies has won an order to install a continuous rolling system at a rebar mill in Abu Dhabi, the mill builder has announced.

Russian Steelmaker Looks to Sell Long Products onto Europe

18 April 2017 - The Russian government is extending an RUB 300 million to Mechel PAO, which plans to expand its Chelyabinsk Metallurgical Plant for the export structurals market.

SMS Wins Contract for Bar Mill Modernization

13 April 2017 - Spain's Sidenor Aceros Especiales SL has awarded a contract to SMS group to modernize the bar mill at its Basauri facility.