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World
All the latest headlines from all regions of the world outside the NAFTA market.
Latest News
Essar Steel Creditors Give Nod to ArcelorMittal Offer
30 October 2018 - Essar Steel India Ltd.’s creditors have named ArcelorMittal as the successful bidder for the debt-laden business, accepting its US$6.8 billion offer.
In Surprise Move, Essar Steel Promoters Offer to Repay Lenders and Halt Bankruptcy Sale
25 October 2018 - India’s Ruia family, which promotes Essar Steel India Ltd., have made a last-ditch effort to reclaim the bankrupt business, offering to pay off the equivalent of US$7.4 billion, just as creditors were to vote on a bid from ArcelorMittal.
Tenova Bags Order for Vietnamese Galvanizing Line
25 October 2018 - Vietnamese sheet processor Southern Steel Sheet Co. Ltd. (SSSC) has ordered a third galvanizing line from Tenova for its plant in Nhon Trach.
SSAB Adds to Roster of Steel Products
25 October 2018 - Specialty steel producer SSAB has added a new type of steel to its product mix, one that it says is geared for product manufacturers that have stamping, punching, slitting and complicate die forming operations in its production lines.
Uddeholm Starts Up New ESR Furnace
22 October 2018 - Swedish tool steel manufacturer Uddeholm has tapped the first heat on a new electro-slag remelting (ESR) furnace at its plant in Hagfors, according to the furnace builder, INTECO.
ArcelorMittal Draws Closer to Tying Up Essar Steel Deal
22 October 2018 - ArcelorMittal has been declared the preferred bidder for India’s Essar Steel Ltd., bringing the world’s biggest steel producer one step closer to securing a manufacturing base in India.
Steel OEMs Considering Indian Joint Ventures, Investments Worth US$5 Billion
18 October 2018 - Indian officials expect that domestic equipment builders, foreign technology suppliers and steel mills will sign US$5 billion worth of investment agreements next week, reports the (India) Economic Times.
Keep International Committee on Excess Capacity Going, World Steel Chairman Says
17 October 2018 - The World Steel Association’s outgoing chairman said a global body aimed at reducing excess steel capacity is making inroads and should be allowed to continue its work.
To Allow for Essar Steel Acquisition, ArcelorMittal Agrees to Pay Off US$1B in Debt
17 October 2018 - ArcelorMittal said it is prepared to pay off the equivalent of about US$1 billion in debt on two businesses in which it had held ownership stakes in order to win approval to buy another.
Global Steel Demand Predicted to Rise This Year
16 October 2018 - Worldwide steel demand is expected to grow 3.9% this year on the underlying health of developed and emerging economies, according to the World Steel Association.
Steelmaker Targets Heavier Bar-in-Coil Weights Through Mill Upgrade
16 October 2018 - South Korean long products producer DaehanSteel Co. Ltd. has awarded a contract to SMS group for upgrades to a rolling mill at the company’s Pyeongtaek plant.
Liberty House Adds Four European Steel Plants to Growing List of Assets
12 October 2018 - Sanjeev Gupta’s Liberty House Group has signed an agreement to buy four ArcelorMittal facilities in Europe, an acquisition that will double its rolling capacity to more than 15 million metric tons annually.
Coke Plant Pipeline Fire Claims Nine
09 October 2018 - Nine people were killed and 14 others were injured Tuesday morning after a gas line caught fire at the Steel Authority of India Ltd.'s Bhilai works.
Paul Wurth Completes Expedited Repair of Italian Blast Furnace
09 October 2018 - Blast furnace specialist Paul Wurth recently completed a fast-track repair at the Arvedi Group’s Siderurgica Triestina plant in Trieste, Italy.
Turkey to Impose Its Own Steel Safeguard Measures
08 October 2018 - Turkey is setting a quota on imported steel as trade measures in the U.S. and elsewhere deflect foreign steel into the Turkish market, according to the Reuters news service.
Revamped Cold Mill Runs Its First Coil
08 October 2018 - China’s Masteel has completed upgrades to a reverse cold mill at its Maanshan plant in the Anhui province and has begun producing coils, reports the equipment supplier on the project.
SSAB to Revamp Tube Operations
05 October 2018 - SSAB Europe will close one tube mill and upgrade another as part of a plan to reposition its tube business, the company said on Friday.
SMS group Receives Final OK on Bar Mill Improvements
05 October 2018 - Spain’s Sidenor Aceros Especiales has signed the final acceptance certificate on upgrades to a bar mill at its Basauri plant, reports the equipment supplier on the project.
Swedish JV Picks Tenova Technology for Planned Hydrogen-Based DRI Plant
03 October 2018 - A joint venture that is building a pilot-scale, hydrogen-based steel mill has selected Tenova to supply key components for the facility’s direct-reduction plant.
thyssenkrupp Announces Plans to Split into Two
02 October 2018 - thyssenkrupp AG’s supervisory board has unanimously approved a plan to split the company into two independent entities, one that would manage its steel and materials business and another that would focus on capital goods.
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