Steel News

Boston Metal Hits Setback After Incident at Brazil Facility

24 February 2026 - Boston Metal experienced an equipment failure last month in its Brazil facility which prevented it from hitting an operational milestone required for a funding deal, leading to its decision to lay off 71 people in the U.S., reported Canary Media.

Pacific Steel Group Turns to Systems Spray-Cooled for EAF Project

24 February 2026 - Systems Spray-Cooled™ LLC announced Pacific Steel Group has selected their equipment for its new electric arc furnace (EAF) project in Mojave, Calif., USA.

U.S. Supreme Court Blocks President’s Use of IEEPA to Impose Tariffs, Voiding Reciprocal Duties

20 February 2026 - In a landmark decision, the U.S. Supreme Court ruled that the International Emergency Economic Powers Act of 1977 (IEEPA) does not grant the president the ability to impose tariffs, according to the Learning Resources Inc. v. Trump filing on the official U.S. Supreme Court website.

Nucor Names New Chief Financial Officer, Treasurer and Executive Vice President

20 February 2026 - Nucor Corp. announced it has promoted John L. “Jack” Sullivan to chief financial officer, treasurer and executive vice president effective 1 March 2026, succeeding Steve Laxton.

Miami Valley Steel Service Turns to Red Bud Industries for Heavy-Gauge Cut-to-Length Line

19 February 2026 - Red Bud Industries announced it will deliver a 12.7 mm x 1,829 mm heavy-gauge cut-to-length line with a T2 10 m stretcher leveler to Miami Valley Steel Service in Piqua, Ohio, USA.

Investing in the Future of Project Management: The AIST Bernard J. Fedak Project Management Excellence Fund

18 February 2026 - The Association for Iron & Steel Technology (AIST) is pleased to announce the receipt of a generous donation in the amount of US$250,000 from Bernard J. Fedak, 1996 president of the Association of Iron & Steel Engineers (AISE), recipient of the 2007 AIME McConnell Award, and 57-Year AIST Life Member.

Senator McCormick, Dura-Bond Celebrate Increased Revenue, More Jobs in Pennsylvania

18 February 2026 - Dura-Bond Pipe, during a visit by U.S. Sen. Dave McCormick at its Steelton, Pa., facility, announced it has signed a multiyear contract with TC Energy to supply US$300 million in large-diameter line pipe, creating more than 250 new jobs in Pennsylvania.

Voith Turbo Announces New Vice President of Sales for Industry Division in North America

18 February 2026 - Voith Turbo announced it has named Michal Kalita, based at the company’s Houston, Texas, location, as its new vice president of sales for the industry division in North America.

UMECC Switches to Operator-Led Ownership, Strengthens U.S. Operations

17 February 2026 - U.S.-based supplier to the steel, energy and heavy industrial markets UMECC announced it has transitioned to operator-led ownership, named industrial operator Adam Salmen its chief executive officer and is strengthening its operations in North America.

Trump to Revise Some Steel, Aluminum Tariffs

13 February 2026 - U.S. President Donald Trump said he will cut back some of the Section 232 steel and aluminum tariffs, Reuters reports.

Cleveland-Cliffs: POSCO Partnership Discussions Ongoing

12 February 2026 - Cleveland-Cliffs Inc.’s chairman and chief executive officer remains confident that ongoing discussions with South Korean steelmaker POSCO will successfully culminate with an agreement on a strategic partnership.

The Systems Group Launches Systems Refractory Solutions

09 February 2026 - The Systems Group announced it has launched its new business unit specializing in providing refractory maintenance services to the steel industry, Systems Refractory Solutions.

Second Battery Involved in U. S. Steel – Mon Valley Works Accident to Restart

06 February 2026 - United States Steel Corporation announced it has begun the process of restarting Battery #13, the second battery involved in the accident that occurred in August 2025.

Steel Manufacturers Association: Eight Officers Elected Including AIST Past President

03 February 2026 - The Steel Manufacturers Association (SMA) announced its board of directors has elected eight officers to the 2026–2028 executive committee, including Steel Dynamics Inc. (SDI)’s Barry Schneider as its chair.

Hanwha Ocean to Contribute up to US$250 Million to Algoma Steel For New Facility, Canadian Steel

29 January 2026 - Shipbuilding and submarine manufacturer Hanwha Ocean announced it has signed a memorandum of understanding (MOU) with Algoma Steel Inc. to contribute up to US$250 million between the potential development of a structural steel beam mill and the purchase of steel for its products.

Tariffs, End-Market Shifts Fuel Global Metals Industry’s Expansion Into the U.S.

28 January 2026 - Experts estimate there will be rising momentum in 2026 for global metals industry companies to invest or expand into the U.S. using mergers and acquisitions, reported Manufacturing Dive.

Nucor's Newest Sheet Mill in Final Year of Construction

28 January 2026 - Construction of Nucor’s West Virginia sheet mill remains on pace for year-end completion, Nucor chairman and chief executive officer Leon Topalian said on Tuesday.

Millett: SDI Would Maximize Value of BlueScope’s North American Business

28 January 2026 - Steel Dynamics Inc. (SDI)’s offer to buy BlueScope Steel’s North American business was not an opportunistic attempt to gobble up assets on the cheap, but rather an honest and sincere proposal to unlock value and grow the operation, SDI chairman Mark Millett has said.

Alton Steel Announces Closure as Industry Pressures Mount

28 January 2026 - Alton Steel Inc. has confirmed plans to end operations after almost 25 years of steel production, reported the Illinois Business Journal.

Mutares Acquires Greer Steel Co.

22 January 2026 - Mutares SE & Co. KGaA announced it has acquired Greer Steel Co., a cold-rolled strip steel provider based in Dover, Ohio, USA.