Steel News


AIST's Steel News provides the steel community with technological and innovative news on the people, producers and suppliers in the North American and international steel communities. Follow us on Twitter @AISTSteelNews.

Latest News

ArcelorMittal's U.S. Employees Need To Share More Of The Cost of Health Insurance, Company Says

03 Aug 2015 - Steel giant ArcelorMittal, which is negotiating a new labor deal with the United Steelworkers, said it needs to freeze or cut pay for some employees and require others to contribute more to the cost of their health insurance, according to the Wall Street Journal.

Steelmakers Set To Ink Deal on Technology Transfer

03 Aug 2015 - South Korean steelmaker Posco is expected to sign an agreement with India's Mesco Steel to transfer its Finex technology to a Mesco facility, according to the Business Standard newspaper.

Cliffs Natural Idling Minnesota Taconite Operation

03 Aug 2015 - Lower orders and higher inventories have prompted Cleveland-based Cliffs Natural Resources to temporarily idle its United Taconite operation in the Minnesota Iron Range.

Crane Manufacturer Names New CEO

31 Jul 2015 - Panu Routila has been appointed president and CEO of Konecranes Plc. and is to begin his new duties sometime by the end of the year, the Finnish crane and hoist manufacturer has announced.

Timken Sees Second-Quarter Profits Slip

31 Jul 2015 - The Timken Company saw its second-quarter earnings slide 41 percent to $36.7 million, partly on account of market-related declines in its mobile industries segment.

It Costs More To Fix Ford's Aluminum F-150 Than The Steel Version, Says Insurance Institute

31 Jul 2015 - Body repairs to an aluminum 2015 Ford F-150 took longer and cost 26 percent more than repairs to its 2014 steel-bodied counterpart, according to test results from the Insurance Institute for Highway Safety.

U. S. Steel To Idle Alabama Blast Furnace

31 Jul 2015 - United States Steel Corp. intends to idle the blast furnace at its Fairfield Works in Alabama, where the company is installing a new electric arc furnace.

Universal Stainless Records Q2 2015 Loss

30 Jul 2015 - Universal Stainless & Alloy Products Inc. lost $356,000 during the second quarter on account of falling demand from the power generation and oil and gas sectors and declining commodity prices, especially for nickel.

Weak Demand, Low Prices Take Toll on U.S. Steel Earnings

30 Jul 2015 - U.S. Steel Corp. posted a second-quarter net loss of $261 million, or $1.79 per diluted share, partly on account of low demand and prices.

World Steel Association: Governments Must Consider Steel's Importance When Setting Carbon Policies

30 Jul 2015 - The World Steel Association is calling upon the world's governments to engage the industry as they develop carbon emissions policies.

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