Steel News

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.

Taiwan Stainless Plant To Add New Grinding Mill

11 August 2015 - One of Taiwan's largest industrial conglomerates has ordered a Danieli Centro Maskin grinding mill, Danieli has announced.

Steelmaker Signs Off On Furnace Upgrades

10 August 2015 - Vietnamese billet manufacturer DNSTEEL has signed a final acceptance certificate for a new electrode regulating system, Danieli Automation has announced.

voestalpine Records First-Quarter Revenue Growth

07 August 2015 - Austria-based voestalpine Group AG posted an adjusted profit of EUR151.7 million in the first quarter of fiscal 2016, the company reported.

Pakistani Mill Seeks Bailout To Avoid Shutdown

07 August 2015 - Pakistan Steel Mills has asked the Pakistani government for Rs5 billion in aid, plus the postponement of gas bills to avoid a shutdown, the DAWN newspaper reported.

Italian Senate Approves Measure To Keep Furnace Operating

07 August 2015 - Italy’s Prime Minister Matteo Renzi has won a confidence vote in the Senate on emergency measures to, among other things, keep open a steel plant that has been deemed unsafe, according to a Reuters report.

SAIL Awards Contract For New Strip Mill

07 August 2015 - A consortium that includes Primetals Technologies Ltd. has won a contract to build a large hot rolled strip mill in India, Primetals has announced.

Acquisition Talks For Tata Steel Long Products Business Unsuccessful, Company Confirms

06 August 2015 - Confirming earlier reports, Tata Steel executives said that negotiations on the sale of its European long products business have broken off.

China Exports to Latin America Continue To Increase

05 August 2015 - Finished steel imports from China to Latin America rose 10 percent between the first half of 2015 and the same period last year, according to Alacero, the Latin American Steel Association.

New Steels Can Help Automakers Cut Vehicle Weight, Industry Representatives Say

05 August 2015 - Although some automobile manufacturers said they'll use a combination of materials -- steel, aluminum and carbon fiber -- to cut down weight, steel industry representatives counter that they could reach that goal just as easily by using the latest ultra-high-strength steels.

Iran Sees More Steel Production In Its Future

05 August 2015 - Iran is looking to double its steel production over the next 10 years, Mehdi Karbasian, deputy minister of Iran’s Ministry of Industries, Mines & Trade, told BloombergBusiness in an interview.