Steel News

ArcelorMittal Transferring Algerian Operations to State-Owned Company

07 October 2015 - The world’s largest steelmaker is exiting Algeria and handing over its shares in steel mills and mines there to the Algerian government.

Titanium-Strength Steel? Scientists Say They Have Invented It

06 October 2015 - Materials scientists at South Korea's Pohang University of Science and Technology (POSTECH) have made what they say is one of the biggest steelmaking breakthroughs in years -- a new type ultrastrong, lightweight steel made in part from aluminum.

Thailand’s SSI Enters Bankruptcy, Liquidates British Steel Works

06 October 2015 - Thailand's top steelmaker has declared bankruptcy as it liquidates its U.K. steel division.

Austrian Equipment Manufacturer Secures Record Order

06 October 2015 - Austria's BRAUN Maschinenfabrik GmbH has received an order for six high-performance, abrasive cut-off machines and associated equipment, the largest in its 167-year history, the company has announced.

Danieli Wins Order for Pakistani MicroMill

05 October 2015 - A Jordanian steel company has placed an order for a Danieli MicroMill as it looks to expand in the Asian markets, Danieli has announced.

Rizhao Steel Achieves Production Goal, Makes First Ultra-Thin Strip

05 October 2015 - China's Rizhao Steel Group Co. Ltd. has successfully rolled ultra-thin hot strip, achieving its target thickness of 0.8 mm at a new plant, according to the vendor on the project.

Analysts Expect Chinese Steel Exports to Plateau by 2020

05 October 2015 - JPMorgan analysts said they believe Chinese-made steel exports will be leveling off, capped by a wave of protectionist trade measures, reports BloombergBusiness.

Australian Steelmaker Seeking AUD100 Million in Cost Cuts

01 October 2015 - Australia’s Arrium Ltd. is planning to cut jobs and overhaul operating practices at its Whyalla steel works in South Australia to save AUD 100 million as the company moves forward with the sale of its mining consumables business, reports The Sydney Morning Herald.

Russia’s NLMK Upgrades Italian Plate Mill

01 October 2015 - NLMK has completed a round of upgrades to the press at its Verona, Italy, plate mill, the company has announced.

100 Years of Steelmaking Come to an End at Czech Mill

30 September 2015 - The owners of an integrated mill in the Czech Republic have ceased its steelmaking operations, but will continue to roll heavy plates.

Pakistani Rebar Manufacturer Triples Production Capacity With New Mill

29 September 2015 - Primetals Technologies has won an order to design and outfit a bar mill for Pakistan’s Amreli Steels Ltd., the company has announced.

ArcelorMittal to Spend EUR100 Million on Coke Oven Rebuild

28 September 2015 - ArcelorMittal will spend EUR100 million to rebuild two coke oven batteries at a Spanish steel works, ensuring compliance with environmental laws, the company has announced.

Tata Steel Mothballs Galvanizing Line at Welsh Mill

28 September 2015 - Tata Steel is idling one of two hot-dipped galvanizing lines at its coil coatings mill in Shotton, North Wales, according to the Daily Post newspaper.

Special Steel Manufacturer Put Into Administration

28 September 2015 - A U.K. special steel manufacturer has been placed in the hands of a court-appointed administrator while a buyer is sought for the business.

U.K.’s Second-Largest Steelmaker Closing English Steel Works

28 September 2015 - Thailand’s Sahaviriya Steel Industries (SSI) said it will mothball its Redcar steel works in Teesside, England, and lay off approximately 1,700 employees -- most of its workforce.

As SSI Falters, U.K. Steelmakers Ask for Government Support

25 September 2015 - British steelmakers and labor unions have called on government to offer more help to the industry in the wake of the production halt at SSI UK’s Redcar mill.

Report: Gerdau May Acquire Stake in Indian Steelmaker

23 September 2015 - Lenders to India’s Visa Steel have decided to convert a large portion of the company’s debt into equity using the Reserve Bank of India’s strategic debt restructuring scheme, according to The Financial Express newspaper.

German Company Sues Baker Hughes Over Steel Valves Installed in Gas Field

23 September 2015 - A German company is suing oilfield services provider Baker Hughes Inc., alleging that it used the wrong type of steel in safety valves intended for a large gas storage facility. As a result, the company’s $2.5 billion investment could be rendered worthless, BloombergBusiness reported.

Indian Steel Ministry Asks Producers to Consider Iranian Investments

22 September 2015 - India’s steel ministry has asked domestic producers to consider making capital investments in Iran, which is extending its rail network and expanding ports and highways, according to The Indian Express newspaper.

Four Appointed to LME's Steel Committee

22 September 2015 - The London Metal Exchange (LME) has added four members to its steel committee as it prepares to launch new contracts for steel scrap rebar in November, the exchange has announced.