Steel News

SSI's UK Slab Mill Faces Uncertain Future, Executive Says

24 August 2015 - Falling demand and prices have plunged the future of SSI UK Ltd.’s integrated slab mill in Teesside, England, into doubt, an executive at the company has warned.

Firefighters Summoned to Blaze At Japanese Steel Plant

24 August 2015 - A large fire broke out at an idled steel pipe plant in Kawasaki City, Japan, on 24 August, according to news reports.

BlueScope Steel To Lay Off Workers, Mulls Plant Shutdowns

24 August 2015 - Against the backdrop of plummeting steel prices, Australia's BlueScope Steel Ltd. has undertaken a review of its Australian and New Zealand plants and may wind up shuttering them, according to The Wall Street Journal.

BlueScope Steel Chairman To Retire in November

21 August 2015 - The chairman of Australia's BlueScope Steel Ltd. is retiring and will step down from the company's board before the end of the year, the company has announced.

Indian Ferrochrome Joint Venture Merges With Sponsor

21 August 2015 - The board of directors at India's VISA Steel Ltd. has approved a deal in which the company will fold a joint venture business with China's Baosteel Resources Co. Ltd. into itself, the company said in a press release.

Steelmakers, Toyota Agree To Lower Sheet Prices

20 August 2015 - Major steelmakers that supply Toyota Motor Corp. have agreed to cut sheet steel prices on account of lower coal and iron prices.

Cliffs Natural Resources CEO: China Steel Exports Reach 'Crazy' Levels

20 August 2015 - Chinese-made steel exports are likely to surge to more than 100 million metric tons this year, Cliffs Natural Resources CEO Lourenco Goncalves told BloombergBusiness.

Troubled South African Steelmaker Selling Iron Ore Mine

19 August 2015 - Integrated steelmaker Evraz Highveld Steel & Vanadium is selling its Mapochs iron ore mine, according to Mining Weekly.

Magnitogorsk Holding On To Stake In Iron Ore Producer

18 August 2015 - Russia's OAO Magnitogorsk Iron & Steel is going to wait for better days in the iron ore market before selling its piece of ore producer Fortescue Metals Group Ltd., according to BloombergBusiness.

Indian JV Inaugurates New TMT Bar Mill

18 August 2015 - The Steel Authority of India Ltd. in partnership with another company are opening a new mill capable of producing 100,000 tonnes annually of thermomechanically treated bar, India's The Economic Times reports.

Devalued Yuan Leads China Steel Producers To Cut Prices

14 August 2015 - With China having devalued its currency earlier this week, steelmakers there are already moving to reduce export prices, according to a Reuters report.

Joint Venture Awards Contract For New 240K-Ton Pipe Mill

14 August 2015 - SMS Group, in partnership with engineering and construction conglomerate Larsen & Toubro, have been awarded a contract to build a large-diameter pipe mill in the United Arab Emirates.

Exchange Rates Lift Gerdau Earnings Even As Shipments Decline

14 August 2015 - Brazilian steelmaker Gerdau SA recorded a 3-percent increase in net sales, even as shipments fell during the second quarter, the company said in its quarterly earnings statement.

Tata Steel's Profits Rise, But Market Remains Challenging

12 August 2015 - Tata Steel Ltd. saw its first-quarter profits in fiscal 2016 more than double to US$119 million on account of one-time gains, the company reported.

POSCO Looks To Establish Indian Mill Through JV

12 August 2015 - Two steel manufacturers are proposing to build a US$3 billion integrated plant in India that might one day produce 3 million tonnes annually, The Times of India reports.

Danieli Revamps Rolling Stands At German Strip Mill

12 August 2015 - Danieli Transmissions has completed upgrades to a ThyssenKrupp Steel Europe mill in Germany, the company has announced.

U.S. Producers Seeking Trade Measures Against Hot Rolled Steel Imports

12 August 2015 - Six U.S. steelmakers have filed petitions for trade action against imports of hot rolled flat products, the producers have announced.

Outokumpu Receives Order For New Stainless Grade

11 August 2015 - A manufacturer has chosen an Outokumpu stainless steel as the backbone material for an order for 6,000 illuminated signs, the Finnish steelmaker has announced.

Primetals Selected To Upgrade Slovenian Steelworks

11 August 2015 - Primetals Technologies has won an order for a 95-metric-ton AOD converter and de-dusting system, the company has announced.

South Korean, Chinese Steelmakers Investing Nearly $1 Billion In New Joint Ventures

11 August 2015 - South Korea's largest steelmaker is partnering with China's Chongqing Iron & Steel Co. on two joint ventures that will produce zinc-coated plates and cold rolled plates, The Korea Observer reported.