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Developments that could increase or decrease steel production and shipments around the world.

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Nucor Plans US$180 Million Investment in Illinois Bar Mill

16 Nov 2017 - Nucor Corp. said it selected a site for its planned merchant bar expansion, choosing its Bourbonnais, Ill., USA, rebar plant for the US$180 million investment. 

China's Steel Capacity Forecast to Fall Below 1 Billion Tons

08 Nov 2017 - China’s government-mandated production curtailments are forecast to reduce hot metal production by 41 million net metric tons and coke demand by 18 million net metric tons, according to an estimate from commodities consultancy CRU.

Chinese Province Cuts Steel, Coal Capacity

03 Nov 2017 - The Hebei province in China has cut 46.2 million metric tons of iron and steel capacity and 10.5 million metric tons of coal capacity, meeting its mandated reduction target, according to Xinhua, China’s state news agency.

New Cold Mill Put Into Service at Turkish Mill 

24 Oct 2017 - Turkish joint venture producer Tosyali-Toyo Celik has fired up a new rolling complex that is producing cold-rolled tinplate and hot-dip galvanized and painted sheets. 

China Records Monthly Steel Production Decline

19 Oct 2017 - China saw its September steel production slide as mills began reducing output in keeping with government orders to reduce air pollution.

Steel Imports, Refinancing Mute Steel Dynamics' Q3 Profits

19 Oct 2017 - Third-quarter profits at Steel Dynamics Inc. slipped 2.5% on costs associated with debt refinancing and competition from imports, which limited price increases, the company announced Thursday. 

Fake Quality Data Could Cost Kobe Steel More than Money

11 Oct 2017 - About a third of the value in Kobe Steel Ltd. shares has been wiped out after the Japanese steelmaker disclosed that some employees falsified inspection certificates on copper and aluminum products and may have falsified data on powdered iron. 

U.S. Graphite Electrode Plants Sold to Japanese Manufacturer

04 Oct 2017 - Graphite electrode manufacturer Tokai Carbon Co. Ltd. has acquired SGL Carbon’s U.S. graphite electrode business for about US$114.4 million, giving the Japanese manufacturer a production presence in North America. 

Salzgitter to Expand Galvanizing Capacity

29 Sep 2017 - Salzgitter AG supervisory board members have given the go-ahead to the installation of a third galvanizing line at Salzgitter Flachstahl, the company announced on Friday. 

U. S. Steel to Expand Ohio Galvanizing Plant

26 Sep 2017 - United States Steel Corp. and joint venture partner Kobe Steel Ltd. are investing US$400 million in a new continuous galvanizing line to meet rising demand for advanced high-strength steels.

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