Steel News

Italian Mill Orders Remotely Operated Taphole Equipment

13 October 2017 - Italy’s Acciaierie Bertoli Safau has ordered an equipment package that will eliminate the need to man the eccentric bottom taphole sump panel.

Heat Treat Equipment Maker Wins Orders for Annealing Facility Expansions

13 October 2017 - voestalpine is expanding its new bell annealing facility in Linz, Austria, adding four high-temperature workbases, according to the equipment supplier, Ebner Industrieofenbau.

Fake Quality Data Could Cost Kobe Steel More than Money

11 October 2017 - About a third of the value in Kobe Steel Ltd. shares has been wiped out after the Japanese steelmaker disclosed that some employees falsified inspection certificates on copper and aluminum products and may have falsified data on powdered iron.

Report: The World Still Has Too Much Steel Capacity

11 October 2017 - The steel industry has about 330 million metric tons of capacity to spare, with more set to come on-line within the next two years, reports the Reuters news service.

Primetals Completes Overhaul of Rebar Mill

11 October 2017 - Russian long products manufacturer Abinsk Electric Steel has completed an overhaul of its meltshop and billet caster, according to the equipment supplier on the project.

SMS group to Install New Cold Mill at Pakistani Plant

11 October 2017 - SMS group has won an order for a Compact Cold Mill (CCM) from Pakistan’s Aisha Steel Mills Ltd., the equipment supplier has announced.

Gerdau Sells Chilean Long Steel Business

06 October 2017 - Gerdau SA is divesting its Chilean assets for US$154 million, the company has announced.

EU Sets Tariffs on Hot-Rolled Coil From Four Countries

06 October 2017 - The European Union has imposed tariffs ranging from EUR17.6 to EUR96.5 per ton on hot-rolled flat steel from Brazil, Iran, Russia and Ukraine.

Germany Organizes Meeting to Discuss Steel Overcapacity

06 October 2017 - Germany has called a meeting with other top steelmaking countries to discuss global overcapacity, according to the Reuters news service.

Rio Tinto and the Cargo Train that Could ... Drive Itself

04 October 2017 - Iron ore miner Rio Tinto said it has executed Australia’s first-ever fully autonomous, heavy-haul train trip, with a driverless train successfully making a 100 km pilot run between Wombat Junction and Paraburdoo in Western Australia.

U.S. Graphite Electrode Plants Sold to Japanese Manufacturer

04 October 2017 - Graphite electrode manufacturer Tokai Carbon Co. Ltd. has acquired SGL Carbon’s U.S. graphite electrode business for about US$114.4 million, giving the Japanese manufacturer a production presence in North America.

Official: Despite Opposition, Deal Between thyssenkrupp Management, Labor Over Tata Merger Is Attainable

04 October 2017 - The premier of thyssenkrupp’s home state, North Rhine-Westphalia in Germany, said he believes a deal between the company and its union employees could be reached over the proposed combination of its steel unit with Tata Steel, according to the Reuters news service.

Fives Marks Installation of Annealing, Galvanizing Furnaces

03 October 2017 - French engineering firm and equipment maker Fives has fulfilled an order for two continuous annealing line furnaces and a continuous galvanizing line furnace for a new integrated plant in China.

Ternium to Build New Plants in Mexico, Colombia

02 October 2017 - Latin American steelmaker Ternium is investing more than US$1 billion in a new hot rolling mill in Mexico and a new rebar mill in Colombia, each of which are intended to displace imports into the countries.

Nippon Steel President Doesn't Discard Possibility of New Asian Integrated Plant

02 October 2017 - Although Nippon Steel & Sumitomo Metal Corp. president Kosei Shindo has said the company would stay away from building new integrated plants, it isn’t ruling out the possibility.

Report: In Tata-thyssenkrupp Combination, the Hammer Might Fall Hard on Port Talbot Works

02 October 2017 - As Tata Steel moves to combine its European strip operations with Germany’s thyssenkrupp, Tata’s integrated Port Talbot Works is likely to bear the brunt of cost reductions through the merger and in the event of an industry downturn, reports the Reuters news service.