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

Konecranes Says Its Hoist Business Can Stand on Its Own Financially

24 Aug 2016 - Had it been a stand-alone entity, Konecranes’ STAHL CraneSystems business would have posted earnings of EUR30 million before interest, taxes, depreciation and amortization in 2015, the company said on Thursday.

Essar Minnesota Lists US$1.1B in Liabilities

24 Aug 2016 - Essar Steel Minnesota owes US$1.1 billion, more than five times the value of its reported assets, reports the Mesabi Daily News newspaper.

Report: Nippon Steel Looking for Advice on Splitting Brazil's Usiminas

24 Aug 2016 - Japan’s Nippon Steel & Sumitomo Metal Corp. is looking for help on drafting plans to split Brazil’s Usiminas between itself and Usiminas’ other controlling shareholder, Techint Group, reports the Reuters news service.

Tata Steel Initiates Exports of New Iron Product

24 Aug 2016 - Tata Steel said its new Kalinganagar steel works in India shipped its first export batch of an alternative iron product called Tata Ferroshots.

Arrium Goes Out on the Road in Search of a Buyer

23 Aug 2016 - Executives of Australian steelmaker and iron ore miner Arrium are in Asia this week, shopping around the debt-laden business in advance of the release of the formal sale documents, reports The Australian Financial Review.

BlueScope Steel Exits Castrip Joint Venture

23 Aug 2016 - Australia’s BlueScope Steel Ltd. has divested its stake in Castrip LLC, its thin strip casting technology joint venture, for US$20 million, the steelmaker disclosed on Monday.

Wire Rod Manufacturer Restarts Upgraded Mill

23 Aug 2016 - SMS group has successfully completed upgrades to a German wire rod mill, the equipment maker has announced.

South African Steelmaker Agrees to US$110M Fine for Price Collusion

23 Aug 2016 - ArcelorMittal’s South African unit has agreed to pay the equivalent of US$110 million in fines to settle accusations that it had colluded to fix steel and scrap prices, according to reports.

United Steelworkers, Others Pressing Canadian Federal Government to Support Steel Industry

22 Aug 2016 - Calls are mounting for the Canadian federal government to step off the sidelines and take action in support of Canada’s steel industry and its employees, both retired and active, reports The Hamilton Spectator newspaper.

Aided by Its North American Sheet Mill, BlueScope's Fortunes Rise in Fiscal 2016

22 Aug 2016 - Australia’s BlueScope Steel more than doubled its underlying net profits in fiscal 2016 due in part to higher sales and cost reductions as well as to having taken full ownership of its U.S. sheet mill.

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