Steel News

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.

Hot Demand From Solar Industry Prompts ArcelorMittal to Boost Production of Its Magnelis Steel

09 June 2017 - ArcelorMittal has expanded its capacity to make its Magnelis line of coated steel, adapting a hot-dipped galvanizing line in Spain to produce the product, the steelmaker has announced.

JSW Steel Plans Blast Furnace Overhaul, Closure

08 June 2017 - SMS group’s Paul Wurth division has won a contract to reline and expand the No. 3 blast furnace at JSW Steel’s Vijayanagar Works in the Indian state of Karnataka.

Kentucky Cold-Rolling Processing Plant Opens for Business

07 June 2017 - Germany’s Bilstein Group has opened its U.S. cold-rolled mill in Kentucky, with the first coils having rolled off the line in May.

India Now Is World's Second-Biggest Producer of Stainless Steel

22 May 2017 - Global stainless steel production rose 10.2% in 2016 to a record 45.8 million metric tons, according to data released by the International Stainless Steel Forum.

North American OCTG Demand Lifts TMK Profits

19 May 2017 - Russian tubemaker TMK posted a US$42 million profit in the first quarter of 2017, buoyed by an improving oil and gas market in North America.

China Reduces Its Ability to Make Steel, But Not Its Desire

16 May 2017 - China is more than halfway to achieving its goal of cutting 50 million metric tons of crude steel capacity this year, according to Xinhua, the country’s official news agency.

So Far This Year, China Is Exporting Less Steel

08 May 2017 - China’s steel exports have declined 26% through the first third of the year, according to S&P Global Platts.