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Indiana Steelmaker Expects Increase in Q1 Earnings

19 Mar 2018 - Steel Dynamics Inc. is forecasting first-quarter earnings of between 88 and 92 cents per diluted share, up nearly 10% over the same quarter last year. 

Steel Tariffs Might Allow for Plant Restart

15 Mar 2018 - President Donald Trump’s decision to impose a 25% tariff on domestically imported steel continues to reverberate around the world. Here are some of the recent developments arising from the decision. 

Japan's Largest Steelmaker Extends International Reach With Ovako Acquisition

15 Mar 2018 - Nippon Steel & Sumitomo Metal Corp. (NSSMC) is acquiring Swedish specialty steelmaker Ovako AB for an undisclosed amount. 

Essar Steel Might Have a New Plant in Its Future

15 Mar 2018 - ArcelorMittal president Aditya Mittal said the company will consider building a new steel plant in India if it wins the bidding for Essar Steel, reports the Business Line newspaper. 

China's January, February Steel Production Exceeds Expectations

14 Mar 2018 - High steel prices pushed China’s daily steel output up more than 5% in January and February, according to the Reuters news service. 

Nucor Contracts with SMS group for Illinois Bar Mill

14 Mar 2018 - SMS group has been awarded a contract to build Nucor Corp.’s planned merchant bar mill at its existing Kankakee bar plant in Illinois. 

AK Steel Workers OK New Labor Pact

13 Mar 2018 - Unionized employees at AK Steel Corp.’s Middletown Works in Ohio have ratified a new two-year labor agreement, the company announced Tuesday.

U. S. Steel Foresees Better 2018 Earnings

13 Mar 2018 - United States Steel Corporation has increased its 2018 earnings forecast by 13%, reflecting the restart of an idled blast furnace and the imposition of a 25% tariff on steel imports.

Tenova Company Lands Follow-On Order for Processing Plant Expansion

13 Mar 2018 - Germany’s Bilstein GmbH & Co. is undertaking a second expansion of its fully automated batch anneal plant, putting an additional eight annealing bases on order, according to the equipment supplier on the project.

New Chief Executive Takes Over at NLMK

13 Mar 2018 - Shareholders of Russia’s NLMK have elected senior vice president Grigory Fedorishin as the company’s new president and chief executive officer.

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