Steel News

Indian Steel Producers Face Lower Demand

31 March 2020 - The COVID-19 pandemic and national lockdown will weaken India steel demand in India and could lead to an inventory build-up that pressures prices downward, reports the IANS news service.

Danieli Wins Contract for Galvalume Line

31 March 2020 - Danieli has received an order for a continuous Galvalume® line from Bangladeshi strip processor Abul Khair Strip Processing, the equipment supplier has announced.

An Aging Population, Other Market Challenges Force JFE Steel to Resize

30 March 2020 - JFE Steel will permanently close a blast furnace in southeastern Japan as part of a plan to consolidate operations and refocus on key products, the company has announced.

SSAB Begins Layoff Negotiations

30 March 2020 - SSAB is preparing to initiate a round of temporary layoffs at its Finnish operations, citing weak demand due to the COVID-19 pandemic.

ArcelorMittal Brazil to Idle Blast Furnace

30 March 2020 - ArcelorMittal Brazil will temporarily idle a blast furnace at its Tubarão plant and throttle back production at some of its long steel plants, reports commodities news and pricing service S&P Global Platts.

Indian Steel Producers Set COVID-19 Curtailments

26 March 2020 - JSW Steel, Tata Steel and ArcelorMittal are all pulling back on production despite exceptions that allow them to run during the country’s national COVID-19 lockdown.

thyssenkrupp, Labor Union Agree to Long-Term Strategic Plan, Coronavirus Curtailments

25 March 2020 - thyssenkrupp and the IG Metall labor union have come to terms on a plan in which the company will shed 3,000 steel jobs over six years, but will invest EUR800 million in its plants during that time, thyssenkrupp has announced.

voestalpine Idles Blast Furnace; Closes Global Sites

25 March 2020 - voestalpine has closed facilities in Europe, South America and the U.S. and will temporarily reduce hours at other European sites as global economy slows.

Primetals Technologies Announces Start of New Pickling Line

25 March 2020 - China’s Shougang Jingtang United Iron & Steel Co. Ltd. has started up a new continuous pickling line built by Primetals Technologies.

Paul Wurth: Reline Complete at Dillinger Hüttenwerke BF

25 March 2020 - Paul Wurth recently finished a modernization of the slag granulation plant at AG der Dillinger Hüttenwerke (Dillinger).

February Sees Crude Steel Output Increase

23 March 2020 - Global crude steel production rose 3.1% in February 2020 to approximately 143.7 million metric tons, according to the World Steel Association.

thyssenkrupp Appoints Permanent Chief Executive

23 March 2020 - thyssenkrupp interim chief executive Martina Merz has been given the job on a permanent basis, the steelmaker has announced. In a statement, thyssenkrupp said Merz will begin a three-year contract on 1 April.

Report: Excess Steel Inventory Poses Major Challenge to Chinese Producers

23 March 2020 - China’s steel market will have to confront a crushing tidal wave of steel that is sitting in inventory and likely to put tremendous pressure on prices this spring, reports commodities news and pricing service S&P Global Platts.

Fives Gets the Nod for Reheat Furnace Improvement

19 March 2020 - JSW Steel has contracted Fives to upgrade the reheat furnaces at its Vijayanagar Works in India, the equipment supplier has said.

Coronavirus Prompts ArcelorMittal to Reduce European Production

19 March 2020 - ArcelorMittal is reducing production in Europe due to impacts from the coronavirus, the company said Thursday.

Indonesian Mill Signs Off on Skinpass Mill Improvement

18 March 2020 - An Indonesian steelmaker has signed the final acceptance certificate for an overhaul of its hot skinpass mill, according to contractor Danieli Automation.

SCHADE Lagertechnik to Outfit New Iron Ore Stockyard

17 March 2020 - Port logistics provider Ultramar has contracted SCHADE Lagertechnik GmbH to equip the stockyard of a new iron ore terminal at a Russian port.

EU Should Adopt Carbon Border Tax on Steel, ArcelorMittal Says

16 March 2020 - ArcelorMittal is calling on EU leaders to include a carbon border adjustment in its EUR1 trillion Green Deal, its plan to make the carbon neutral by 2050.

AIC Receives Rolling Mill Upgrade Project

16 March 2020 - Italy’s Ferriera Alto Milanese has turned to Automazioni Industriali Capitanio (AIC) to upgrade a special profiles rolling mill in northern Italy.

CMC Sees Successful Upgrade of California Rolling Mill

13 March 2020 - Italy’s Automazioni Industriali Capitanio (AIC) has wrapped up upgrades to Commercial Metal Company’s (CMC) California rolling mill, the company has announced.