Steel News

Cleveland-Cliffs Expects March Close for AK Steel Acquisition

21 February 2020 - Cleveland-Cliffs’ planned acquisition of AK Steel Corp. has received approval from North American regulators and is expected to close in March, the company has announced.

JFE Steel to Idle Some Plate Mills in Japan

18 February 2020 - Citing falling demand and slowing growth, JFE Steel has announced plans to idle parts of its plate-making operations in Japan, the Jiji Press news service reports.

Survey: Coronavirus Pushes Chinese Mills to Consider Curtailments

18 February 2020 - Market impacts from the coronavirus outbreak have prompted roughly one-third of Chinese steel producers to consider production curtailments, according to a survey published by commodities news and price reporting service S&P Global Platts.

Coronavirus Spread Slows Chinese Steel Industry

10 February 2020 - The coronavirus outbreak in China is tamping down steel demand and prompting producers to move up maintenance outages, reports Chinese business and financial new service Caixin Global.

The World Produced More Steel Than Ever in 2019. Here's How Much.

28 January 2020 - Worldwide crude steel production rose 3.4% in 2019 to nearly 1.87 billion metric tons, according to preliminary data from the World Steel Association.

Gerdau to Halt Melting, Rolling Operations at Michigan Mill

27 January 2020 - Gerdau Special Steel North America will idle the meltshop and rolling mill at its Jackson, Mich., USA, plant this April and shift production to two other facilities, the company has announced.

Russian Galvanizing Line Reaches Production Milestone in 2019

27 January 2020 - A new hot-dip galvanizing line at Russia’s Magnitogorsk Iron and Steel Works is nearing its nameplate capacity of 360,000 metric tons annually, the company reports.

Shougang Jingtang Runs First Coils on New Galvanizing Line

23 January 2020 - China’s Shougang Jingtang has started up a new 360,000-ton hot-dip galvanizing line that is designed to coat high-strength automotive steels, according to equipment manufacturer SMS group.

China Pledges No New Capacity in 2020

16 January 2020 - China is reiterating a promise that new steel capacity will be strictly prohibited in the year ahead, reports the country’s state-run news agency.

ArcelorMittal Blast Furnace to Return to Service, But Other Outages Planned

10 January 2020 - ArcelorMittal intends to put an idled blast furnace back into service at its Gijón plant in northern Spain, but will halt other production lines this quarter in order to cope with lower demand, reports Kallanish Steel.

Chinese Steelmaker Could Become the World’s Largest Producer

06 January 2020 - China Baowu Steel Group could potentially surpass ArcelorMittal as the world’s largest steelmaker if it completes a deal to take a controlling stake in Chongqing Iron and Steel.

Monnet Ispat Eyes Restart

02 January 2020 - Indian steelmaker Monnet Ispat & Energy is to resume steel production this month following an extended outage for maintenance and upgrades, according the Business Standard newspaper.

Nippon Steel Nisshin to Halt Blast Furnace

26 December 2019 - Nippon Steel Nisshin Co. Ltd. plans to bank a blast furnace in southern Japan next year, saying that a slowing market and other factors necessitated the move.

ArcelorMittal, Nippon Steel Look to Expand Essar Steel

16 December 2019 - ArcelorMittal and joint venture partner Nippon Steel Corp. have finalized their acquisition of Essar Steel India Ltd., completing a deal that gives both a foothold in the growing Indian steel market.

Here’s How Much Steel China is Forecast to Have Produced in 2019

12 December 2019 - China’s crude steel production is expected to reach 988 million metric tons this year, but decline slightly in 2020, according to the Reuters news service.

Hot Metal Production Resuming at Indiana Steel Works Following Flood

06 December 2019 - United States Steel Corporation has restarted two of its Gary, Ind., USA, blast furnaces after a flood knocked them off-line last week, reports commodities news and pricing service S&P Global Platts.

TMK Sees Revenue Dip in First Three Quarters of 2019

20 November 2019 - Revenues at Russian oil country tubular goods maker PAO TMK declined 4% through the first nine months of 2019 on account of reduced sales in North American and Europe, the company said Wednesday.

JFE Steel Forms Joint Venture With Chinese Bar Maker

19 November 2019 - JFE Steel is acquiring a 50% ownership stake in a Chinese special bar producer, giving it an additional foothold in China’s automotive market.

Stelco Adding Merchant Pig Iron to Product Portfolio

18 November 2019 - Stelco plans to install a pig iron caster at its Lake Erie Works next year, giving it entry to the merchant pig business, the Canadian steelmaker has said.

ArcelorMittal Begins Ilva Exit

14 November 2019 - ArcelorMittal has begun the effort to withdraw from its acquisition of Italy’s Ilva steel works, filing suit in a Milan court, reports the Italian news service ANSA.