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

Jindal Steel Plans to Pay Down Debt Through Mill, Mine Sales

04 May 2016 - India’s Jindal Steel and Power is hoping to sell more steel and coal assets as a way to cut its US$6.91 billion in debt, according to the Reuters news service.

Newly Acquired Long Products Business Names Three to Executive Team

04 May 2016 - Black Diamond Capital Management, the private equity firm that acquired much of ArcelorMittal’s U.S. long carbon business earlier this year, is assembling its new executive team and has appointed industry veteran Robert Simon to its helm.

U. S. Steel Issuing Nearly US$1 Billion In New Bonds

03 May 2016 - United States Steel Corporation is nearly doubling the amount of new debt it plans to issue to repay maturing borrowings.

Canadian Pipe Mill Undertakes Short-Term Layoffs

03 May 2016 - Evraz North America is laying off 90 employees at its 24-inch pipe mill in Regina, Canada, and may send home 49 others at its mill in Calgary, reports the Regina Leader-Post newspaper.

ArcelorMittal Plans Upgrades to Rail Mill

02 May 2016 - ArcelorMittal is modernizing its rail rolling mill in Spain in a bid to improve its flexibility and efficiency, the vendor on the project has announced.

Vallourec Completes Sale of Heat Exchanger Tube Business

02 May 2016 - French tubemaker Vallourec has closed on its divestment of its heat exchanger tube business, the company has announced.

Halliburton, Baker Hughes Call Off the Wedding

02 May 2016 - Oilfield services companies Halliburton and Baker Hughes Inc. have called off their multibillion merger amid the energy slump and opposition from regulators.

SSAB Trims Payroll In Sweden, Pares Office Jobs

02 May 2016 - Swedish steelmaker SSAB has concluded negotiations with employees over proposed layoffs and will cut 262 office jobs from its Nordic operations, the company has announced.

Cliffs Natural Resources, Essar Steel Reach Settlement

29 Apr 2016 - Canada’s Essar Steel Algoma has settled its dispute with iron ore miner Cliffs Natural Resources over their pellet supply agreement, the steelmaker has announced

Commercial Metals Marks Start of Oklahoma Mill Construction

29 Apr 2016 - U.S.-based Commercial Metals Co. broke ground on its new micro-mill in Oklahoma on Friday, kicking off a project that will help the company expand into five states.

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