Steel News

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.

China Eliminates Wintertime Production Restrictions

02 October 2018 - China is doing away with centrally mandated, wintertime production curtailments that were meant to reduce air pollution during the winter heating season.

Tata Steel Hopes to Boost Production at Former Bhushan Steel Plant

02 October 2018 - Tata Steel is aiming to lift the capacity utilization of a newly acquired integrated sheet mill by at least 14% over the next six months.

Metals Executive to Lead SSAB Special Steel Division

27 September 2018 - SSAB has named a new director for its special steel unit, hiring away the chief executive of tool steelmaker Uddeholm AB.

JSW Steel Sites Proposed Mill in India

27 September 2018 - The Indian state of Odisha has allotted roughly 2,900 acres of land to JSW Steel for a proposed steel plant, reports the The Times of India newspaper.

Tata Expands Capacity With Usha Martin Acquisition

24 September 2018 - Indian wire rope manufacturer Usha Martin Ltd. is divesting its special steel plant and other upstream assets to Tata Steel for the equivalent of between US$589.6 million and US$644.5 million, the company has announced.

China Steel Executive Expects to See Iron Ore Demand Flatten Due to Scrap Displacement

21 September 2018 - China bought more than 1 billion metric tons of iron ore last year, but demand will likely plateau as a governmental push to reduce pollution drives a conversion in production routes, the Reuters news service reports.

Name That Steel, and You Could Win This Valuable Prize

20 September 2018 - SSAB and Sandvik Materials Technology have asked for the research community’s help in developing a way to track steel products as they move through the value chain, from the mill to end product.

Salzgitter Plate Mill Marks the Start of Work on New Processing Line

19 September 2018 - Salzgitter AG subsidiary Ilsenburger Grobblech GmbH has broken ground on a EUR150 million heat treat line, marking the start of a project that Salzgitter says is the single largest investment in the heavy plate mill’s history.

Report: India Might Win Limited Section 232 Tariff Exemption

19 September 2018 - The Trump administration reportedly has agreed to exempt some Indian steel and aluminum from the Section 232 tariffs announced in March, according to The (India) Economic Times.

Zekelman Industries Halts Initial Public Offering

19 September 2018 - Pipe and tube maker Zekelman Industries has postponed its planned US$750 million initial public offering, saying that its shares weren’t fetching the price it had hoped for, reports the Windsor (Ontario) Star.

South Korean Steelmaker Slates Bar Mill Improvements

18 September 2018 - South Korea’s Daehan Steel Co. Ltd. has contracted SMS group to replace a bar mill quenching line at its Sinpyeong works and make other improvements, the equipment supplier has announced.

Chinese Steel Companies Launch JV to Drive Consolidation

18 September 2018 - China’s big three steelmakers and an asset management company are investing the equivalent of US$291.3 million in a joint venture that will buy up steel assets, with an eye to driving consolidation within the country, reports the Reuters news service.

British Steel Announces Layoffs

14 September 2018 - U.K.-based long products producer British Steel said on Friday that it will eliminate 400 managerial, professional and administrative positions in an effort to cut costs and provide for long-term growth.