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Coke, Iron and Alternate Iron Production

News items including recovery and non-recovery coke production as well as blast furnace, iron ore, DRI and other sources of iron.

News items related to hot briquetted iron (HBI) and direct reduced iron (DRI) technologies.

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Essar Algoma Lenders, Bondholders Set Recapitalization Plan

23 Sep 2016 - A majority of Essar Steel Algoma’s term lenders have settled on a recapitalization plan with the company’s bondholders, the Canadian steelmaker has announced.

Investment Firm Takes a Step Toward Acquiring U.S. Steel Canada

23 Sep 2016 - The Ontario provincial government and an American investment firm have set broader terms of a restructuring plan for U. S. Steel Canada Inc., which has been operating under creditor protection for two years.

Hebei Iron & Steel Begins Boosting Sales, Production at Serbian Mill

30 Aug 2016 - Nearly two months after acquiring Serbia’s ailing Železara Smederevo steel works, Hebei Iron & Steel has managed to lift the facility’s monthly sales and is targeting 1.7 million tons of production in 2017, reports Xinhua, China’s official news agency.

Vietnamese Steelmaker Announces Plans for Mammoth US$10.6B Works

30 Aug 2016 - Vietnam’s Hoa Sen Group plans to build a giant US$10.6 billion steel works whose targeted capacity would exceed the country’s total production in 2015, reports the online VN Express News.

Magnetation Planning to Wind Down Operations

29 Aug 2016 - AK Steel Corp. will pay up to US$37.5 million to end its pellet supply agreement with its joint venture pellet producer, Magnetation LLC, which will begin to wind down its remaining operations unless it finds a buyer or new financing.

Cliffs Natural Resources, Steelworkers Shake Hands on New Labor Agreement

26 Aug 2016 - North American iron ore miner Cliffs Natural Resources Inc. has reached a tentative labor agreement with the United Steelworkers union, the company announced on Friday.

Temporary Mill Shutdowns in China May Halt Advancing Iron Ore Prices

25 Aug 2016 - Amid reports of orders for Chinese mills to shut down during the G20 summit in Hangzhou early next month, iron ore traders are likely to be keeping a close eye on the markets for signs of a retreat in prices.

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.

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.

Cliffs Reaches Long-Term Power Deal for Michigan Mine

16 Aug 2016 - Cliffs Natural Resources Inc.’s Tilden Mining division has signed a long-term power supply agreement with WEC Energy Group, the iron ore miner has announced.

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