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

Lincoln Electric Signs Deal to Acquire European Counterpart

27 Apr 2017 - Welding equipment and consumables manufacturer Lincoln Electric Holdings Inc. is acquiring Air Liquide’s welding equipment subsidiary for about US$125 million, the company announced on Thursday.

New Ownership Taking Over Unfinished Minnesota Taconite Project

27 Apr 2017 - A Virginia billionaire and partners who include the United Kingdom’s Liberty House Group submitted the winning bid for the former Essar Steel Minnesota on Wednesday, offering to buy the half-finished taconite mine and pellet plant for US$550 million, reports the Minneapolis Star Tribune.

U. S. Steel to Restart Idled Tube Mill

26 Apr 2017 - United States Steel Corp. said it is restarting an idled electric-weld tube line in Texas and has reconsidered the closing of a pipe processing line in Ohio.

Koch Knight Acquiring DURO Line of Chemical-Resistant Bricks

26 Apr 2017 - Refractories maker Fuzion Technologies Inc. is selling its DURO product line to Koch Knight LLC for an undisclosed amount, according to an announcement. 

U. S. Steel Speeds Up Mill Upgrades at the Expense of Near-Term Earnings

26 Apr 2017 - United States Steel Corp. shares slid nearly 27% on Wednesday after the integrated steelmaker posted an unexpected US$180 million loss and said an accelerated plan to rehab its mills would cut into future earnings.

As Market Conditions Improve, Steelmakers Appear Ready to Invest

26 Apr 2017 - Steel prices and demand appear to beginning to recover, and steelmakers are starting to lay new bets on gradual improvement, reports the Bloomberg new service. According to Bloomberg, combined capital spending at three of the world’s biggest steel companies is estimated to rise 29 percent to US$6.7 billion this year, Bloomberg said. “There is a general feeling among the companies that the worst is behind, that higher prices and profitability are not just a blip,” Societe Generale Sergey Donskoy told Bloomberg. Bloomberg has more on the story here.

Trump's Trade Stance Worries Japanese Steelmakers

25 Apr 2017 - Japan Iron and Steel Federation chairman Kosei Shindo said the country’s steelmakers are concerned by what they said is U.S. President Donald Trump’s protectionism, reports the Reuters news service.

New Contract Expands Harsco's Middle Eastern Mill Portfolio

25 Apr 2017 - Mill contractor Harsco Corp. has landed a US$60 million agreement to provide services to a new rebar and wire rod plant in Egypt, the company announced Tuesday.

With Cash to Spend, Steel Dynamics Browses for New Assets

21 Apr 2017 - Steel Dynamics Inc. is keeping an eye out for potential acquisition opportunities -- and has kicked the tires on a few, chief executive Mark Millett told analysts during the company’s quarterly earnings conference call on Thursday.  

Nucor Set to Break Ground on Mexican Galvanizing Plant

21 Apr 2017 - Despite the uncertainty surrounding the United States’ trading relationship with Mexico and the future of the North American Free Trade Agreement, Nucor said it remains committed to building a US$270 million joint venture galvanizing plant there.  

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