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Billions of Rupees Committed to a New Mill, Plans for Another Set Aside

26 Aug 2016 - India’s JSW Steel plans to commit the equivalent of US$7.5 billion to build a large steel works in the state of Odisha, reports the Business Standard newspaper.

JFE Steel, thyssenkrupp to License Each Other's Sheet-Forming Technology

25 Aug 2016 - Japan’s JFE Steel Corp. and thyssenkrupp Steel Europe AG have signed an agreement to cross-license each other’s flangeless automotive sheet-forming technologies, the steelmakers have announced.

Temporary Mill Shutdowns in China May Halt Advancing Iron Ore Prices

25 Aug 2016 - Amid reports of orders for Chinese mills to shut down during the G20 summit in Hangzhou early next month, iron ore traders are likely to be keeping a close eye on the markets for signs of a retreat in prices.

Konecranes Says Its Hoist Business Can Stand on Its Own Financially

24 Aug 2016 - Had it been a stand-alone entity, Konecranes’ STAHL CraneSystems business would have posted earnings of EUR30 million before interest, taxes, depreciation and amortization in 2015, the company said on Thursday.

Report: Nippon Steel Looking for Advice on Splitting Brazil's Usiminas

24 Aug 2016 - Japan’s Nippon Steel & Sumitomo Metal Corp. is looking for help on drafting plans to split Brazil’s Usiminas between itself and Usiminas’ other controlling shareholder, Techint Group, reports the Reuters news service.

Tata Steel Initiates Exports of New Iron Product

24 Aug 2016 - Tata Steel said its new Kalinganagar steel works in India shipped its first export batch of an alternative iron product called Tata Ferroshots.

Arrium Goes Out on the Road in Search of a Buyer

23 Aug 2016 - Executives of Australian steelmaker and iron ore miner Arrium are in Asia this week, shopping around the debt-laden business in advance of the release of the formal sale documents, reports The Australian Financial Review.

BlueScope Steel Exits Castrip Joint Venture

23 Aug 2016 - Australia’s BlueScope Steel Ltd. has divested its stake in Castrip LLC, its thin strip casting technology joint venture, for US$20 million, the steelmaker disclosed on Monday.

Wire Rod Manufacturer Restarts Upgraded Mill

23 Aug 2016 - SMS group has successfully completed upgrades to a German wire rod mill, the equipment maker has announced.

South African Steelmaker Agrees to US$110M Fine for Price Collusion

23 Aug 2016 - ArcelorMittal’s South African unit has agreed to pay the equivalent of US$110 million in fines to settle accusations that it had colluded to fix steel and scrap prices, according to reports.

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