Steel News

India Well on Its Way to Meeting Steel Production Target

18 September 2017 - India is making strides toward its national goal of lifting steel production to 300 million metric tons, reports the Press Trust of India (PTI).

Nucor to Build New Micro Bar Mill

15 September 2017 - Nucor Corp.’s board of directors has given the go-ahead to construction of a new micro-mill somewhere in the Midwestern or southeastern U.S. and approved the expansion of another mill.

Chinese Steel Production Sets August Record

14 September 2017 - China’s steel output climbed to another new monthly record in August as mills cranked out 74.59 million metric tons, reports the Bloomberg news service.

JFE Blast Furnace Forced Into Unscheduled Outage

12 September 2017 - Japan's JFE Steel is temporarily halting iron production at one of its blast furnaces to facilitate repairs on a converter, according to the Nikkei Asian Review.

SBQ Meltshop Returns to Service

31 August 2017 - Production has resumed at an Illinois meltshop after a breakout disrupted operations for slightly more than two weeks.

In a Typically Slow Month, China's Steel Production Speeds Up

14 August 2017 - China set a new monthly steel production record in July, making slightly more than 74 million metric tons, according to the Reuters news service.

RINL Gains Capacity Through Steel Shop Overhaul

14 August 2017 - India’s Rashtriya Ispat Nigam Ltd. (RINL) has completed a US$62.4 million overhaul of the No. 1 steel shop at its Visakhapatnam Steel Plant.

Nucor Grows Bar Processing Capabilities Through Acquisition

14 August 2017 - Nucor Corp. is acquiring approximately 200,000 tons of additional cold-finished bar capacity, the company has announced.

Plate Mill Restarts After Seven-Month Outage

08 August 2017 - Nippon Steel & Sumitomo Metal Corp. has restarted the plate mill at its Oita Works more than seven months after a fire burned up an electrical room, the company has announced.

Tenaris Posts US$73 Million Profit on Rising North America Tube Sales

04 August 2017 - Tubemaker Tenaris SA saw sales of seamless and welded tube increase 31% to 624,000 tons in the second quarter, the company reported.

TimkenSteel Posts US$1.3 Million Profit in Second Quarter

31 July 2017 - New steel orders helped pushed TimkenSteel’s second-quarter earnings into the black.

ArcelorMittal to Expand Auto Steel Capacity Through European Investment

28 July 2017 - ArcelorMittal is planning expand its advanced automotive steel capacity through an investment of approximately US$112.8 million at two of its French mills.

Nucor Approaches 2 Million Tons of Auto Steel Shipments

21 July 2017 - Nucor Corp. is closing in on its goal to ship 2 million tons of automotive steel annually, chief executive John Ferriola has said.

Steel Dynamics Takes One to the Snout

21 July 2017 - A bad line component forced Steel Dynamics Inc.’s (SDI) new Galvalume and paint lines to go down in the second quarter, contributing to an estimated US$30 million impact on earnings, SDI chief executive Mark Millett said on Thursday.

This Is Heavy News: Mechel Casts a 50-Metric-Ton Ingot

20 July 2017 - Mechel PAO’s Chelyabinsk works in Russia has cast its first 50-metric-ton ingot, officially marking its entry into the oversized special steel market.

Planned Outage Impacts Quarterly Production At EVRAZ North America

19 July 2017 - EVRAZ North America's crude steel production fell 8.3% between the first and second quarters of 2017 on account of a project outage.

Midrex: DRI Production Remained Stable in 2016

06 July 2017 - Global production of direct reduced iron was flat in 2016, despite the industry downturn that occurred in late 2015 and early 2016, according to data maintained by Midrex Technologies Inc.

Steel Dynamics to Add Rebar Capabilities to Indiana Mill

05 July 2017 - U.S.-based Steel Dynamics Inc. plans to add a US$75 million rebar line to its structural and rail mill in Columbia City, Ind., the steelmaker announced on Wednesday.

Russian Pellet Plant Hits Its Stride

03 July 2017 - NLMK Group’s new pelletizing plant has reached a production milestone, producing its 3 millionth metric ton since its November start-up.

Global Steel Production Rose in May

21 June 2017 - The world's crude steel production rose to 143.3 million metric tons in May, an increase of 2% over the same month last year, according to World Steel Association figures.