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

Severstal Agrees to Sell U.S. Facilities for US$2.325 Billion

21 Jul 2014 - OAO Severstal has entered into separate definitive transaction agreements to sell its Severstal Columbus LLC and Severstal Dearborn LLC subsidiaries, collectively known as Severstal North America, to Steel Dynamics Inc. and AK Steel Corporation, respectively, for a total cash consideration of US$2.325 billion.

AK Steel To Acquire Severstal Dearborn

21 Jul 2014 - AK Steel has signed an agreement to acquire Severstal North America's integrated steelmaking assets located in Dearborn, Michigan for US$700 million in cash.

Steel Dynamics Inc. To Acquire Severstal Columbus

21 Jul 2014 - Steel Dynamics Inc. has entered into a definitive agreement to acquire 100% of Severstal Columbus LLC (Columbus) from OAO Severstal.

Terex to Relocate Demag Overhead Crane Manufacturing to Oklahoma City

21 Jul 2014 - Terex Corp. announced it will relocate production of its overhead cranes from its current Houston location to a newly upgraded Oklahoma City facility (OKC).

Insteel Reports Increasing Capacity Utilization in Quarterly Earnings Report

21 Jul 2014 - Insteel Industries Inc. announced financial results for its third quarter ended 28 June 2014.

KMS Installs PURON® HF Modules at Major Steel Mill in Inner Mongolia

21 Jul 2014 - Koch Membrane Systems Inc. (KMS), world-class developer and manufacturer of innovative membranes and membrane filtration systems, has installed its PURON® HF ultrafiltration (UF) modules at a major steel mill in Inner Mongolia, China.

Magnetation Completes US$100 Million Financing for Accelerated Iron Ore Expansion Projects

18 Jul 2014 - Magnetation LLC has successfully completed a US$100 million senior secured notes tack-on offering. The proceeds from the offering will be used to complete its iron ore expansion projects ahead of schedule and finance the increased production capacity of its new iron ore concentrate plant.

North Star BlueScope Decides Not to Build DRI Facility in Ohio

18 Jul 2014 - North Star BlueScope Steel (NSBSS), jointly owned by BlueScope (50%) and Cargill Inc. (50%), has concluded a detailed scoping and development study for a potential direct reduction iron (DRI) plant at its Delta, Ohio, steelworks.

Ternium First in Mexico to Develop Steel with Improved Stress Resistance for Rims

18 Jul 2014 - Ternium Mexico is currently developing FB-540 steel grade, with a ferrite-bainite structure, used to manufacture rims for the automotive industry, thus, becoming the first company to produce this grade of steel in Mexico.

ArcelorMittal Ostrava Equipping Its Power Plant with Modern Boiler

18 Jul 2014 - ArcelorMittal Ostrava is continuing with its plans for modernization. Its subsidiary ArcelorMittal Energy Ostrava has just signed a contract to build a new fluidized bed* boiler.

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