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

Steel OEMs Considering Indian Joint Ventures, Investments Worth US$5 Billion 

18 Oct 2018 - Indian officials expect that domestic equipment builders, foreign technology suppliers and steel mills will sign US$5 billion worth of investment agreements next week, reports the (India) Economic Times. 

Nucor, SDI Report Hefty Q3 Profits 

18 Oct 2018 - America’s two biggest electric arc furnace producers each saw third-quarter profits rise on higher prices and shipments, they reported on Thursday.

Keep International Committee on Excess Capacity Going, World Steel Chairman Says

17 Oct 2018 - The World Steel Association’s outgoing chairman said a global body aimed at reducing excess steel capacity is making inroads and should be allowed to continue its work. 

Report: U. S. Steel Union Employees in Line for Raises

17 Oct 2018 - Union employees at United States Steel Corporation will see their wages cumulatively increase 14% over the next four years if they ratify a tentative labor agreement, the Reuters news service reports. 

To Allow for Essar Steel Acquisition, ArcelorMittal Agrees to Pay Off US$1B in Debt

17 Oct 2018 - ArcelorMittal said it is prepared to pay off the equivalent of about US$1 billion in debt on two businesses in which it had held ownership stakes in order to win approval to buy another.

Global Steel Demand Predicted to Rise This Year 

16 Oct 2018 - Worldwide steel demand is expected to grow 3.9% this year on the underlying health of developed and emerging economies, according to the World Steel Association. 

U. S. Steel, USW Agree on Four-Year Labor Deal 

16 Oct 2018 - United States Steel Corporation and the United Steelworkers union have reached a tentative, four-year labor agreement, the union and the steelmaker have announced. 

Report: Trump Administration Looks for Quotas on Mexican Steel 

16 Oct 2018 - As part of discussion to lift the 25% tariff on steel imports with Mexico, U.S. negotiators are proposing a quota on Mexican imports, according to the Reuters news service. 

Steelmaker Targets Heavier Bar-in-Coil Weights Through Mill Upgrade 

16 Oct 2018 - South Korean long products producer DaehanSteel Co. Ltd. has awarded a contract to SMS group for upgrades to a rolling mill at the company’s Pyeongtaek plant. 

Looking to Block Diverted Steel, Canada Imposes Tariff on Seven Products

12 Oct 2018 - Canada is imposing a provisional tariff on seven steel products, saying the safeguard measure is necessary to prevent its home markets from being flooded with steel that would have been sold into the U.S., if not for the Trump administration’s Section 232 tariffs. 

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