Steel News

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.

U. S. Steel to Restart Idled Tube Mill

26 April 2017 - United States Steel Corp. said it is restarting an idled electric-weld tube line in Texas and has reconsidered the closing of a pipe processing line in Ohio.

March Was a Banner Month for China's Crude Steel Production

19 April 2017 - China set a new crude steel production record in March, making 72 million metric tons and besting the previous record by nearly 2%, according to the price and information service S&P Global Platts.

Forecast: Indian Steel Production Poised to Double by 2032

18 April 2017 - India’s steel output is expected to double over the next 15 years as its economy grows and its citizens move toward the cities, reports the Bloomberg news service.

TimkenSteel Gains API Quality Management Certification

13 April 2017 - TimkenSteel has been awarded the American Petroleum Institute’s Q1 quality management certification and has been granted a license to apply the institute’s registered certification mark on certain products, the steelmaker has announced.

Idled Canadian OCTG Mill to Restart This Summer

27 March 2017 - Tenaris Prudential said it will restart its idled tube mill this summer and plans to recall approximately 100 employees, the company has announced.

Report: Rising Domestic Demand Kept a Lid on China's February Exports

08 March 2017 - China’s steel exports dived to a three-year low in February as its steel producers diverted output from foreign to domestic markets on account of rising demand at home, reports the Reuters news service.

Canadian Ore Producer Set to Begin Work on New Mine

23 February 2017 - Rio Tinto’s Iron Ore Company of Canada will invest CA$79 million to open a new open-pit mine in the province of Newfoundland and Labrador.

With a Deal to Divest Its Brazilian Mill, thyssenkrupp Exits Steelmaking in the Americas

22 February 2017 - thyssenkrupp AG is ending its decade-long steelmaking venture in the Americas, agreeing to sell its integrated mill in Brazil to Latin American producer Ternium for US$1.33 billion (EUR1.26 billion).

New Tata Steel Works Finding Its Stride

21 February 2017 - Tata Steel’s new Kalinganagar works in India has reached a new production milestone – it has achieved 2 million metric tons of hot metal, reports The (India) Economic Times.

Big River Disclosed Its First-Month's Production. It's A Lot.

09 February 2017 - Start-up Big River Steel produced 63,000 tons of hot-rolled coil in January, its first full month of production, the company has announced.

Rising Demand Prompts NLMK to Reactivate Hot-Dipped Galvanizing Line

06 February 2017 - NLMK’s U.S. division has restarted the No. 2 galvanizing line at its Sharon Coating plant in Pennsylvania, the steelmaker announced on Monday.

Tata Steel May Add 2 Million Tons of Capacity to New Steel Works

30 January 2017 - A Tata Steel executive said the company will seek board approval for plans to expand a planned second phase of construction on its new Kalinganagar Works sometime by the midpoint of the year.

The World Made More Steel in 2016; Not So in the U.S.

25 January 2017 - Although the world’s crude steel output rose slightly in 2016, production in the United States dipped 0.3%, according to the World Steel Association.

Evraz Sees North American Production Fall in 2016

19 January 2017 - Weak demand for rail and tube, along with extended outages, led to a 24 percent decline in crude steel production at Evraz’s two North American mini-mills.

Fire Puts Japanese Plate Mill Out of Commission For Eight Months

18 January 2017 - A heavy plate mill in Japan is likely to remain off-line for the next eight months following a fire that damaged the facility.

Great Lakes Iron Ore Shipments Increased in 2016

17 January 2017 - The Soo Locks, which are a vital link between Lake Superior and the other Great Lakes, have closed for annual maintenance, marking the end of the 2016 shipping season. And while overall cargo volumes were down, iron ore shipments increased 7.8 percent, reports the MLive news site.

TMK Forecasts Improving Conditions in 2017

16 January 2017 - Oil country tubular goods maker TMK said it expects the U.S. oil and gas market will continue to recover this year on the back of global rebalancing, spurring increased pipe consumption.