Steel News

British Steel Collapses Amid Brexit Uncertainty

22 May 2019 - The U.K.’s second-largest steel producer has been thrust into liquidation after it failed to secure a government lifeline.

A Heavy Lift: Danieli Delivers Crane Weighing 2,700 Tons to Steel Works

15 May 2019 - With the help of a number of sub-contractors, Danieli has delivered a new 50-ton-capacity grab ship unloader to ArcelorMittal Ghent, the equipment supplier reports.

Fives Wins Contract for Polish Reheat Furnace Rebuild

14 May 2019 - Polish steel producer Cognor S.A. has contracted Fives to overhaul a reheat furnace at its steel plant in Krakow, according to an announcement from the supplier.

Primetals Technologies Undertakes Caster Overhaul

14 May 2019 - China’s Angang Iron & Steel Group Co. has contracted Primetals Technologies to rebuild the No. 1 slab caster at its Anshan plant in the Liaoning province.

Vale to Increase Dry Processing Capabilities

14 May 2019 - Brazilian iron ore miner Vale said it will invest the equivalent of US$2.5 billion over the next five years to expand its use of “dry” ore processing.

INTECO Bags Order for RH Degasser

13 May 2019 - Turkish long and flat steel producer Isdemir has awarded a contract to INTECO for a twin RH degasser, the equipment supplier has said.

Tata, thyssenkrupp Joint Venture Plan Falls Apart

10 May 2019 - Tata Steel and thyssenkrupp have all but called off plans to combine their European strip businesses, saying that they believe the deal is not likely to win approval from antitrust regulators.

Danieli Cold Mill Reaches Performance Milestone

10 May 2019 - Turkish steel processor Yildiz Demir Çelik has achieved an annual production rate of more than 1.5 million tons on its new cold mill complex, an amount that exceeds the contracted equipment output, Danieli tells AIST Steel News.

EUROFER: Imports, Soft Demand Forecast Pressure European Steelmakers

08 May 2019 - EU steelmakers are being squeezed as a safeguard measure has been ineffective in stopping a wave of imported steel deflected from the U.S. market, reports the European Steel Association.

Professor: Stainless Rebar May Cost More, But Can Governments Really Afford to Do Without It?

06 May 2019 - Although building with stainless rebar carries higher upfront costs than with standard carbon rebar, governments would nevertheless do well to consider using it more in public infrastructure projects, especially for those in high-salt environments, University of Waterloo metallurgical engineering professor Carolyn Hansson said on Monday.

Sandvik to Carve Out Steel Unit

06 May 2019 - Sweden’s Sandvik AB announced plans Monday to spin off its stainless and specialty alloys division and said it will explore a possible IPO for the standalone business.

Rising Imports Force ArcelorMittal to Curtail Production

06 May 2019 - ArcelorMittal is throttling back its European flat steel production by 3 million metric tons, citing what it called an unprecedented rise in steel imports as well as increasing costs for carbon allowances under the EU’s carbon emissions trading plan.

Shougang Jingtang Starts Up New Danieli Sheet Mill

03 May 2019 - China’s Shougang Jingtang United Iron & Steel Co. Ltd. is running hot tests on its new Danieli Universal Endless sheet mill, Danieli reports.

Joint Venture Wins Bid for Former ArcelorMittal Plant in Trinidad

02 May 2019 - ArcelorMittal’s shuttered Point Lisas facility in Trinidad and Tobago has a new owner, Trinidad and Tobago Newsday reports.

Major Chinese Steelmaker Sees Slowing Demand on the Way

25 April 2019 - Baoshan Iron & Steel Co., the listed portion of China’s largest steelmaker, sees both slowing domestic demand and rising output this year, leading some to question whether mills will again ship excess production into foreign markets and flood them, according to news reports.

British Steel Names New CEO

25 April 2019 - Gerald Reichmann has taken the reins of British Steel as its new chief executive officer, the company has said.

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.