Steel News

Caparo Industries' CEO Dies After Falling From Penthouse Flat

09 November 2015 - The chief executive of the United Kingdom’s Caparo Industries died Sunday morning after falling eight stories from his London penthouse, according to reports.

U.S. Trade Commission Affirms Commerce Ruling in Welded Line Pipe Case

06 November 2015 - The U.S. International Trade Commissions has made its final determination in a case involving South Korean and Turkish welded line pipe, affirming that unfairly traded imports from those countries have harmed domestic producers.

Chinese Imports Take a US$711M Toll on ArcelorMittal

06 November 2015 - The world’s largest steelmaker lost US$711 million between July and September -- and about US$1.3 billion through nine months of 2015, the company reported.

Trade Associations Opposing China's Claims to WTO Market Economy Status

05 November 2015 - Nine steel associations in North America, South America and Europe are jointly opposing China’s attempts to gain World Trade Organization market economy status.

Upgrades on Tap for German BOF

04 November 2015 - Primetals Technologies has won an order from Germany’s Hüttenwerke Krupp Mannesmann GmbH (HKM) to modernize the No. 2 basic oxygen furnace (LD) at the steelmaker’s Duisburg plant, Primetals has announced.

O'Flaherty: Good Relationship With South African Government Crucial

04 November 2015 - Paul O’Flaherty, CEO of ArcelorMittal South Africa Ltd., said his mandate from ArcelorMittal chairman Lakshmi Mittal was to “fix" the company’s operations in that country, O’Flaherty said in an interview with the BusinessDay newspaper.

Vietnamese Steel Producer Eyes Investment in Mill Project

03 November 2015 - Vietnamese steelmaker Hoa Sen Group is looking to take over an on-again, off-again steelworks development project in the central province of Quang Ngai, reports the Tuoi Tre News website.

SAIL Wins Big Rail Order From Iran

02 November 2015 - State-owned Steel Authority of India Ltd. (SAIL) will supply about 100,000 metric tons of rail for a system expansion in Iran, according to reports.

New Reheat Furnaces On Order for Chinese Mill

02 November 2015 - Austria’s ANDRITZ has won an order for two reheat furnaces from Tangshan Iron and Steel Group in China, the company has announced.

Former ArcelorMittal Executive To Lead Finland's Outokumpu

02 November 2015 - The board of directors for Finland’s Outokumpu has appointed a new president and CEO, the company has announced.

Outotec to Acquire South African Mill Services Business

02 November 2015 - Outotec is acquiring South Africa’s Sinter Plant Services CC to complement its service offerings for the country’s ferrochrome market, Outotec has announced.

Swedish Steelmaker Closing Rolling Mill, Reducing Shifts

30 October 2015 - Swedish engineering steel manufacturer Ovako is implementing a two-year restructuring program in order to reduce costs, the company has announced.

SMS Wins Order for Chinese Strip Mill

30 October 2015 - China’s Shandong Iron and Steel Rizhao has awarded a contract to the SMS group to supply a complete flat steel plant in the Shandong province, SMS has announced.

Baoshan Posts Quarterly Loss, Doesn't Expect Additional Capacity-Cutting Moves

30 October 2015 - China’s Baoshan Iron and Steel Corp. lost 920.5 million yuan, or US$145 million, during the third quarter, its first quarterly in nearly three years, according to the Reuters news service.

Task Force To Seek Out Buyer for Closing Scottish Mills

29 October 2015 - A task force organized to address the closure of two Tata Steel Europe plants in Scotland has agreed to seek a buyer for the facilities, reports the BBC.

AIST Foundation Establishes New Research Grant

28 October 2015 - The AIST Foundation has announced a new US$10,000 grant, the Electrical Engineering Grant (EEG), which is meant to encourage electrical engineering students to consider a career in the iron and steel industry and to help professors promote the industry to their students.

South Korean Steelmaker Upgrades Secondary Metallurgy Plant

28 October 2015 - South Korea’s Hyundai Steel Co. has put a new quick-change Ruhrstahl Heraeus (RH) process plant into service at its secondary metallurgy facilities in Dangjin, the vendor on the project has announced.

Tata Steel Researchers Move Into New U.K. Lab

28 October 2015 - Tata Steel has opened its new U.K. research center at the University of Warwick’s Science Park, the company has announced.

Analyst: Chinese Steel Demand Will Again Grow, But at a Much Slower Pace

26 October 2015 - The best days of Chinese demand for steel may be over, but it will likely resume growth in the next decade, according to CRU research manager Chris Houlden.

New Technology Could Help Make the Steel Sector Greener

23 October 2015 - There's much room to improve the steel sector's carbon dioxide emissions, but to do it, it will take implementing some new technology that hasn't yet been fully developed -- and is too expensive to operate under current conditions, according to steel research consultant Jean-Pierre Birat.