Steel News

Forecast: Global Steel Demand to Rise, But U.S. Slips to No. 3 in Market Size

18 April 2019 - Global steel demand is expected to grow 1.3% this year, and India could surpass the U.S. as the world’s second-largest steel market, according to a new forecast from the World Steel Association.

JSW Steel Adding 1M Metric Tons of Capacity to Integrated Plant

18 April 2019 - India’s JSW Steel is investing the equivalent of about US$1.08 billion to upgrade its integrated Vijayanagar Works.

GFG Alliance Receives OK to Acquire ArcelorMittal Plants, Creates EU’s No. 3 Steel Producer

18 April 2019 - The European Commission has greenlighted ArcelorMittal’s plans to sell several of its European mills to Sanjeev Gupta’s GFG Alliance, satisfying antitrust concerns that arose from ArcelorMittal’s acquisition of Italian steelmaker Ilva.

2019 Could Be a Milestone Year for Indian Steel Consumption

11 April 2019 - India’s domestic steel demand is expected grow more than 7% this year and is likely to cross the 100 million metric ton threshold, according to The (India) Economic Times.

Portuguese Rolling Mill Slates Major Upgrade for 2020

11 April 2019 - Long products producer Megasa Group has announced a major modernization project at its SN Seixal rolling mill in Portugal, according to the supplier on the project.

SSAB Eyes Lifting Machine Market for New High-Strength Grade

11 April 2019 - SSAB has introduced a new grade of hot-rolled strip grade designed for applications that require welded joints, particularly lifting equipment.

Fortescue CEO Sees Chinese Steel Production Rising This Year

11 April 2019 - China’s crude steel production potentially could grow to more than 950 million metric tons this year, according to the chief executive of iron ore miner Fortescue Metals Group.

Paul Wurth to Participate in Blast Furnace Overhaul

11 April 2019 - Russia’s PAO MMK has contracted blast furnace specialist Paul Wurth for a rebuild of an 87-year-old blast furnace at its Magnitogorsk works.

Japan's Steelmakers Raise Mandatory Retirement Age

09 April 2019 - Japan’s aging population has created ever-present labor shortages for employers, but four Japanese steelmakers have found one workaround: keep the employees they have longer.

Turkish Plant Upgrades Environmental Controls

09 April 2019 - Turkey’s Karabük Demir Celik Sanayi ve Ticaret A.S. has equipped the sinter plants at its iron and steel works with new offgas cleaning systems, reports the equipment supplier, Primetals Technologies.

Nippon Steel Adopts a New Name — and a Strategy Focusing on Overseas Growth

04 April 2019 - As it aims to further expand its overseas operations, Nippon Steel & Sumitomo Metal Corp. has officially changed its name to Nippon Steel Corp.

ArcelorMittal Launches Hydrogen Research Initiative

04 April 2019 - ArcelorMittal will undertake a research and development project that aims to reduce its carbon footprint through the use of hydrogen.

NLMK Reheat Furnace Replacement Moves Ahead

04 April 2019 - NLMK Group is progressing on installation of a new RUB4.4 billion (US$67.5 million) reheat furnace at its Lipetsk plant in Russia, the steelmaker said on Wednesday.

Salzgitter, Tenova to Collaborate on New DRI-EAF Production Route

04 April 2019 - Salzgitter AG and Tenova have agreed to work together on a project that eventually will shift Salzgitter’s production route away from blast furnaces.

Tata Steel Blast Furnace Returns to Service

04 April 2019 - The No. 5 blast furnace at Tata Steel’s Port Talbot works in the U.K. is again producing hot metal following a revamp of the unit.

Report: Tata, thyssenkrupp Offer List of Assets to Sell, Hope to Satisfy Competition Concerns

04 April 2019 - Tata Steel and thyssenkrupp are willing to divest assets in Belgium, Spain and the U.K. to win anti-trust approval for their proposed European int venture, reports the Bloomberg news service.

Chinese Mills Should Throttle Back Production, Industry Official Says

01 April 2019 - The chairman of the China Iron & Steel Association is calling for domestic mills to restrain production as output rises despite that the country’s economy appears to be cooling.

Steel Capacity Continues to Outpace Need, OECD Says

01 April 2019 - Global steelmaking capacity could grow between 4% and 5% in the next three years, worsening a 425.5 million metric ton gap, according to the Organisation for Economic Co-operation and Development’s steel committee.

Let's Not Disband the Global Steel Capacity Forum, EUROFER Says

28 March 2019 - The European Steel Association (EUROFER) is urging the world’s steel-producing countries to allow the Global Forum on Steel Excess Capacity to continue its work.

As Steel Starts the Digital Journey, Look for the Finish

27 March 2019 - A bit of advice for steelmakers that are looking to deploy digital technologies but are unsure of where to start: begin at the end.