Steel News

TMK Sees Revenue Dip in First Three Quarters of 2019

20 November 2019 - Revenues at Russian oil country tubular goods maker PAO TMK declined 4% through the first nine months of 2019 on account of reduced sales in North American and Europe, the company said Wednesday.

Chinese Steelmaker Installs Danieli Bar Mill

20 November 2019 - China’s Yunnan Qujing Chenggang Steel Products is readying a new, high-speed, 1.2-million-metric-ton bar mill, according to the equipment supplier on the project.

Leaning Into Market Headwinds, Tata Steel Europe Proposes Major Restructuring

19 November 2019 - Tata Steel Europe plans to eliminate up to 3,000 jobs and boost sales of higher-value steels part of a broad restructuring brought about by a soggy European market.

China Initiates Steel Capacity Investigation

19 November 2019 - With China’s steel output on the rise, officials there have begun reviewing capacity at the country’s steel mills, reports the Reuters news service.

JFE Steel Forms Joint Venture With Chinese Bar Maker

19 November 2019 - JFE Steel is acquiring a 50% ownership stake in a Chinese special bar producer, giving it an additional foothold in China’s automotive market.

Refractories Maker Aims to Displace Imports of Steel Refining Component

19 November 2019 - Indian refractories specialist Dalmia-OCL has started up a new production line that will make snorkels, a critical component for RH degassers.

Report: ArcelorMittal Would Return to Ilva…But With Conditions

18 November 2019 - With a few conditions, ArcelorMittal reportedly would be willing to re-commit to its agreement to buy Italy’s Ilva and its Taranto works, according to the Reuters news service.

Salzgitter Selects Builder for Planned Electrolysis Plant

18 November 2019 - Salzgitter Flachstahl GmbH has contracted Siemens Gas and Power to build a 2.2 mW hydrogen plant that will fill all of the mill’s current demand for the gas.

Supersized Screw Press Takes Flight at Chinese Forging Operation

18 November 2019 - Chinese aviation components maker AVIC Shaanxi Hongyuan Aviation Forging recently celebrated the inauguration of the world’s largest clutch-operated screw forge press, according to the machine’s builder, SMS group.

India’s Supreme Court Clears Essar Acquisition

15 November 2019 - ArcelorMittal expects to soon plant a flag in India after the country’s Supreme Court paved the way for it complete its planned acquisition of Essar Steel India Ltd.

American Company Takes Home Swedish Steel Prize

15 November 2019 - A U.S. automotive supplier has been named the winner of the 2019 Swedish Steel Prize for its innovative use of martensitic steel in manufacturing 3-D roll-formed structural components.

SSAB to Begin Process Route Shift

14 November 2019 - SSAB plans to replace two of its Swedish blast furnaces with an electric arc furnace and intends to be the first to bring a fossil-fuel-free steel to the market, company officials announced during the annual Swedish Steel Prize event this week in Stockholm.

thyssenkrupp Testing Hydrogen Injection in Blast Furnaces

14 November 2019 - Looking to significantly reduce its carbon dioxide emissions, German steel producer thyssenkrupp has launched what it says is a series of first-of-a-kind tests into the use of hydrogen in a blast furnace.

ArcelorMittal Begins Ilva Exit

14 November 2019 - ArcelorMittal has begun the effort to withdraw from its acquisition of Italy’s Ilva steel works, filing suit in a Milan court, reports the Italian news service ANSA.

Steel Producer Eyes US$100 Million Turkish Investment

14 November 2019 - An unidentified Taiwanese steel producer is in talks with Turkish partners to build a US$100 million steel plant in northwestern Turkey, reports market intelligence provider SteelOrbis.

ArcelorMittal Halting Polish Blast Furnace, Steel Shop

14 November 2019 - After delaying plans to temporarily idle the blast furnace and steel shop at its Krakow works, ArcelorMittal Poland is now moving ahead, saying that a softening steel market is forcing its hand.

POSCO Establishes New Brand for Its Construction Steels

13 November 2019 - POSCO on Tuesday unveiled a new brand called INNOVILT to better promote its construction and corrosion-resistant steels as well as other products.

Jingye Steel Enters Agreement to Buy British Steel

13 November 2019 - China’s Jingye Group has struck an agreement to acquire long steel manufacturer British Steel Ltd., ending months of uncertainty about its future.

World’s Largest Green Hydrogen Pilot Facility Launched in Austria

13 November 2019 - voestalpine has started up its pilot-scale electrolysis plant and is producing hydrogen derived from renewable sources of electricity. According to voestalpine, the new plant has a capacity of over 6 MW. It uses renewable energy to split water into hydrogen and oxygen and will be able to test whether the technology deployed is suitable for use on an industrial scale.

ArcelorMittal to Idle Indiana Blast Furnace

13 November 2019 - ArcelorMittal has decided to put the No. 3 blast furnace at its Indiana Harbor works in Indiana on idle and await an improved market rather than undergo an expensive, near-term reline, reports The Times newspaper of northwest Indiana.