Steel News

Hyundai Steel Signs Off on New Long Steel Rolling Mills

06 April 2018 - South Korea’s Hyundai Steel has issued final acceptance certificates on two bar mills installed at its Dangjin plant.

This Firm Just Finished 3D Printing a Steel Bridge

06 April 2018 - A Dutch firm, or, rather, a Dutch firm’s robots, have completed the world’s first 3D-printed steel bridge, a 40-foot steel span that will sit over a canal in Amsterdam.

Report: Tata Receptive to Holding Majority Share in thyssenkrupp Joint Venture

06 April 2018 - Tata Steel is open to taking a majority stake in its planned joint venture with thyssenkrupp, a sign that the Indian steelmaker is committed to growing internationally, reports the Reuters news service.

Japan Bets on Winning Product Exclusions to U.S. Steel Tariffs

05 April 2018 - While certain U.S. allies negotiate potential countrywide exemptions to President Trump’s Section 232 steel tariffs, Japan is taking a different tack, reports the (London) Financial Times.

Kobe Steel Plans New Annealing Line

04 April 2018 - Japan’s Kobe Steel Ltd. said it will expand its capacity to make ultrahigh-strength steel through the equivalent of a US$470.5 million investment at its Kakogawa Works, the steelmaker announced Wednesday.

Industry Group Says India Has Inched Out Japan as World's Second-Biggest Producer

04 April 2018 - India’s crude steel production has surpassed Japan’s output, making the country the world’s second-largest steelmaker, reports the Press Trust of India (PTI).

German Labor Union Raises New Concern Over Tata-thyssenkrupp Joint Venture

29 March 2018 - A new obstacle is emerging in the planned Tata Steel-thyssenkrupp AG joint venture, as German unions are voicing displeasure over a labor guarantee that Tata’s Dutch unit could continue to operate independently past the tie-up.

Steel Technology Group Seeks Cooperative Solutions to European Industry's Biggest Challenges

28 March 2018 - A technology-oriented unit of the European Steel Association is beginning a new chapter as a standalone, non-profit entity that will tackle the industry’s shared technical challenges.

Looking to Reduce Debt, CSN Eyes Asset Sales

28 March 2018 - Companhia Siderurgica Nacional chief executive Benjamin Steinbruch said the Brazilian steelmaker is planning to sell between US$600 and US$901 million worth of assets this year to pay down debt, reports the Reuters news service.

Steel Tariffs Prompt EU to Launch Safeguard Investigation

27 March 2018 - Fearing that President Trump’s Section 232 steel tariffs will create a surge of diverted imports, the European Commission has opened a safeguard investigation on 26 products.

ArcelorMittal Disputes Disqualification of Essar Steel Bid

27 March 2018 - ArcelorMittal is challenging the disqualification of its bid for Essar Steel Ltd. under Indian insolvency proceedings, reports the (London) Financial Times.

South Korea Secures Permanent Exemption to U.S. Steel Tariff

26 March 2018 - U.S. officials have agreed to exempt South Korea from the Section 232 tariffs in exchange for limits on the amount of steel it exports to the U.S.

Essar Steel Creditors Call for Redo on Bidding

22 March 2018 - Essar Steel Ltd.’s creditors committee has rejected offers from both ArcelorMittal and an entity led by a Russian bank on grounds that both were ineligible to bid under Indian insolvency rules, according to reports.

Trump Administration Opens Tariff Exemption Talks

21 March 2018 - The Trump administration is discussing potential country-level exemptions to the steel and aluminum tariffs with the European Union, Australia, Argentina and, soon, Brazil, reports the Bloomberg news service.

Steel Tariffs Might Allow for Plant Restart

15 March 2018 - President Donald Trump’s decision to impose a 25% tariff on domestically imported steel continues to reverberate around the world. Here are some of the recent developments arising from the decision.

Japan's Largest Steelmaker Extends International Reach With Ovako Acquisition

15 March 2018 - Nippon Steel & Sumitomo Metal Corp. (NSSMC) is acquiring Swedish specialty steelmaker Ovako AB for an undisclosed amount.

Essar Steel Might Have a New Plant in Its Future

15 March 2018 - ArcelorMittal president Aditya Mittal said the company will consider building a new steel plant in India if it wins the bidding for Essar Steel, reports the Business Line newspaper.

China's January, February Steel Production Exceeds Expectations

14 March 2018 - High steel prices pushed China’s daily steel output up more than 5% in January and February, according to the Reuters news service.

Tenova Company Lands Follow-On Order for Processing Plant Expansion

13 March 2018 - Germany’s Bilstein GmbH & Co. is undertaking a second expansion of its fully automated batch anneal plant, putting an additional eight annealing bases on order, according to the equipment supplier on the project.

New Chief Executive Takes Over at NLMK

13 March 2018 - Shareholders of Russia’s NLMK have elected senior vice president Grigory Fedorishin as the company’s new president and chief executive officer.