09 Nov 2016 -
German roller bearings manufacturer Schaeffler said it plans to lay off 500 people and consolidate plants in Europe and the Americas as part of an expanded cost-cutting effort.
08 Nov 2016 -
Indonesia’s Krakatau Steel and South Korea’s POSCO are thinking about expanding their steelmaking assets in the Indonesian province of Banten, possibly adding 3 million to 4 million tons of capacity, reports the The Jakarta Post.
07 Nov 2016 -
Some Chinese mills are throtling back production and taking early maintenance outages on account of a rally in coal and coke prices, reports the Reuters news service.
02 Nov 2016 -
Eight months after acquiring it, Union Electric Steel Corp. and parent Ampco-Pittsburgh have given notice that they might idle parts of the Åkers National Roll Co. plant in Pennsylvania due to market conditions.
31 Oct 2016 -
TimkenSteel is keeping its vertical jumbo-bloom caster as busy as possible, with about 45% percent of the steel melted at its Faircrest, Ohio, mill being cast on the machine, TimkenSteel chairman and chief executive Tim Timken said on Friday.
27 Oct 2016 -
Latin America’s steel consumption is expected to drop 6.5% this year, but is forecast to partially rebound in 2017 on growth in its major markets, according to the Latin American Steel Association.
27 Oct 2016 -
Specialty metals producer Allegheny Technologies Inc. is permanently closing two idled mills in southwestern Pennsylvania, marking its exit from the grain-oriented electrical steel market and a step back from the commodity stainless market.
24 Oct 2016 -
A Canadian parliamentary committee is undertaking a study of the factors that are hindering the country’s steelmakers from competing internationally, including unfair trade.
21 Oct 2016 -
Nucor Corp. is prepared to battle start-up Big River Steel, and, in fact, believes it has the upper hand on its new competitor, Nucor chief executive John Ferriola said Thursday.