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Capacity Boost May Be in Store for Indonesian Steel Complex

08 Nov 2016 - Indonesia’s Krakatau Steel and South Korea’s POSCO are thinking about expanding their steelmaking assets in the Indonesian province of Banten, possibly adding 3 million to 4 million tons of capacity, reports the The Jakarta Post.

Paul Wurth Secures Contracts to Outfit New Blast Furnace

08 Nov 2016 - EVRAZ has awarded contracts to blast furnace engineering firm Paul Wurth for equipment associated with the new blast furnace at the steelmaker’s Nizhny Tagil plant in Russia.

Report: Tata Might Retain U.K. Steel Business

04 Nov 2016 - The Tata Group is to decide the fate of its U.K. steel business within the next four weeks, but is leaning toward retaining the operation, reports The Guardian newspaper.

U. S. Steel Records Q3 Profit, Reaches Agreeement on Stelco Sale

01 Nov 2016 - United States Steel Corp. posted a third-quarter profit of US$51 million and has agreed to sell the former Stelco to a private investment firm, the company announced on Tuesday.

Goncalves: Cliffs Determined to Build DRI Plant

27 Oct 2016 - Saying that his company's future growth will depend on its ability to supply America's electric arc furnaces, Cliffs Natural Resources chief executive Lourenco Goncalves promised to build a direct reduction plant somewhere in the Great Lakes region.

German Steelmaker in Talks to Sell Brazilian Plant

25 Oct 2016 - thyssenkrupp might sell its Brazilian steel plant, Companhia Siderúrgica do Atlântico, to Latin American steelmaker Ternium, according to The Wall Street Journal.

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