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World

All the latest headlines from all regions of the world outside the NAFTA market.

Latest News

Amid Quality-Data Scandal, Kobe Steel Pulls Profit Forecast

31 October 2017 - Kobe Steel has withdrawn its fiscal-year profit forecast and agreed to forego paying a dividend, saying that its data-quality scandal is making it too difficult to estimate its income. 

Sandvik Hires a New President, Divests Welding Wire Business

30 October 2017 - Sandvik Materials Technology has named a current executive as its new president, the company said on Monday. 

Tenova Sees Growing EAF Market in China

30 October 2017 - Over the last eight months, Tenova has won contracts to install six electric arc furnaces at Chinese steel mills, reflecting a shift in the production route there, the company said. 

ArcelorMittal Awards Contract for Caster Rebuild

27 October 2017 - SMS group has won a contract to rebuild the No. 2 slab caster at ArcelorMittal Asturias’ plant in Avilés, Spain, the equipment supplier has announced. 

A Foundry Prepares to Plunge Into the Abyss

27 October 2017 - A Finnish steel foundry has been contracted to help build a submersible that will take Chinese researchers to the deepest point on Earth. 

Primetals Wins Order for New Caster

26 October 2017 - India’s Star Wire Ltd. has contracted with Primetals Technologies for a new billet and bloom caster at its mill in Ballabgarh, Haryana state. 

New Cold Mill Put Into Service at Turkish Mill 

24 October 2017 - Turkish joint venture producer Tosyali-Toyo Celik has fired up a new rolling complex that is producing cold-rolled tinplate and hot-dip galvanized and painted sheets. 

Danieli Contracted for Slab Caster Upgrade

24 October 2017 - Danieli has been awarded a contract to overhaul the No 2. slab caster at ArcelorMittal Tubarão, the steelmaker’s flat-rolled plant in Serra, Brazil. 

Sandvik Lands Order for Offshore Tube

24 October 2017 - Sweden’s Sandvik has bagged an order for 250 km worth of undersea tubing to connect a development area to an offshore platform. 

China Records Monthly Steel Production Decline

19 October 2017 - China saw its September steel production slide as mills began reducing output in keeping with government orders to reduce air pollution.

U.S. Government Makes Inquiry Into Kobe Steel Scandal

18 October 2017 - The Kobe Steel quality-data scandal has caught the attention of the U.S. Justice Department, which has requested records related to any defective material sold in the U.S., according to The New York Times. 

JSW Steel Eyes Italian Long Products Producer

18 October 2017 - India’a JSW Steel Ltd. is in the market for European opportunities and may be lining up to buy Italy’s Aferpi. 

World Steel Association Names New Chairman

18 October 2017 - The World Steel Association has elected Nippon Steel & Sumitomo Metal Corp. president Kosei Shindo as chairman, the association has announced. 

Forecast: The World Will Demand More Steel in 2018

16 October 2017 - Global steel demand is projected to reach 1.62 billion tons this year and grow 1.6% in the following year, according to a new short-range forecast from the World Steel Association.

Tata Executive: Spinoff of Merged European Business Will Be Later, Not Sooner

16 October 2017 - An anticipated spinoff of Tata Steel and thyssenkrupp’s European joint venture won’t happen for another two to three years, reports the Reuters news service. 

Steel is Better, Stronger ... And Automakers Notice

16 October 2017 - If you’re wanting real-world examples of the inroads advanced steels have made with automakers, look no further than the Audi A8 sedan, which had used an all-aluminum body but now has returned to using steel. 

Kobe Steel Crisis Worsens With New Disclosure

13 October 2017 - Kobe Steel Ltd.’s product-quality data scandal worsened on Friday as the company disclosed that some steel products were shipped despite failing to meet customer specifications and that more customers had been affected by the overall problem than first thought. 

Italian Mill Orders Remotely Operated Taphole Equipment

13 October 2017 - Italy’s Acciaierie Bertoli Safau has ordered an equipment package that will eliminate the need to man the eccentric bottom taphole sump panel. 

Heat Treat Equipment Maker Wins Orders for Annealing Facility Expansions

13 October 2017 - voestalpine is expanding its new bell annealing facility in Linz, Austria, adding four high-temperature workbases, according to the equipment supplier, Ebner Industrieofenbau. 

Fake Quality Data Could Cost Kobe Steel More than Money

11 October 2017 - About a third of the value in Kobe Steel Ltd. shares has been wiped out after the Japanese steelmaker disclosed that some employees falsified inspection certificates on copper and aluminum products and may have falsified data on powdered iron. 

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