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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.
Essar Algoma Lenders, Bondholders Set Recapitalization Plan

23 Sep 2016 - A majority of Essar Steel Algoma’s term lenders have settled on a recapitalization plan with the company’s bondholders, the Canadian steelmaker has announced.

'It's Never Easy to Resolve This Issue,' Says OECD Steel Committee Chairman

23 Sep 2016 - The outgoing chairman of the Organisation for Economic Co-operation and Development’s steel committee says “many difficulties lie ahead” as the world looks for agreements to bring steelmaking capacity in line with demand.

Chinese Steelmakers Trying to Evade U.S. Import Tariffs, American Steelmakers Allege

23 Sep 2016 - Several U.S. steelmakers are accusing their Chinese counterparts of circumventing newly imposed tariffs on cold-rolled and corrosion-resistant steels by diverting products into another country before exporting them.

New Cold Mill to Expand Nucor's Lineup of Specialty Steels

23 Sep 2016 - Nucor Corp. will add a US$230 million cold-rolling mill to its Arkansas sheet mill, giving it the ability to make some new, higher-value products, the company has announced.

Investment Firm Takes a Step Toward Acquiring U.S. Steel Canada

23 Sep 2016 - The Ontario provincial government and an American investment firm have set broader terms of a restructuring plan for U. S. Steel Canada Inc., which has been operating under creditor protection for two years.

Boasteel Merger May Just Be the Beginning of Chinese Steel Industry Consolidation

20 Sep 2016 - The merger of China’s Baosteel and Wuhan Iron and Steel Group might be the first of several mergers among the country’s steel producers, reports the Bloomberg news service.

Steel Dynamics Forecasts Rising Q3 Profits

20 Sep 2016 - U.S.-based Steel Dynamics Inc. said it expects to double its third-quarter per-share profit due to a widening gap between average steel prices and scrap costs.

Report: Proposed Merger of China's Baosteel, Wuhan Iron and Steel Wins Regulatory Approval

19 Sep 2016 - A plan to merge two of China’s largest steelmakers into a single entity with more than 60 million tons of capacity has received regulatory approval, reports Caixin magazine.

Harsco Wins US$40 Million Contract with South American Steelmaker

19 Sep 2016 - Mill contractor Harsco Corp. has signed a new US$40 million agreement with Chile’s largest steelmaker, CAP Huachipato, Harsco announced on Monday.

Union Workers at Republic Steel Ratify Labor Agreement

19 Sep 2016 - Members of the United Steelworkers have ratified a new, three-year labor agreement with Republic Steel, the union has announced.

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