Steel News

TMK IPSCO Launches IPO, Aims to Raise More than US$465M

30 January 2018 - The American arm of Russian tubemaker PAO TMK has launched its initial public offering at US$20 to US$23 per share.

Gerdau Upsizes Blooms at Michigan Mill

29 January 2018 - In an effort to improve steel cleanliness and better serve customers, Gerdau’s special bar quality mill in Monroe, Mich., USA, plans to begin producing 240-mm square blooms this fall.

Swiss Steelmaker Makes Prevailing Offer for Troubled French Company

29 January 2018 - A Swiss specialty long steel manufacturer has been named the preferred bidder for France’s Ascometal, according to the Reuters news service.

Iranian Pipe Mill Calls on SMS group for Upgrades

29 January 2018 - SMS group has signed a signed a comprehensive service and modernization contract with Sadid Industrial Group’s Mahshahr pipe mill, the equipment supplier has announced.

Report: Steel Giants Team Up in Bid for Indian Manufacturer

29 January 2018 - Nippon Steel & Sumitomo Metal Corp. and ArcelorMittal are going in together on a bid for India’s Essar Steel, reports The (India) Economic Times.

Steel Association Hopes for Quick Decision on Section 232 Action

25 January 2018 - The Steel Manufacturers Association is urging U.S. President Donald Trump to make a speedy decision on the course of action he’ll take relative to the Commerce Department’s Section 232 investigation.

ATI Joint Venture Initiates Sheet Production

25 January 2018 - Stainless and specialty alloys manufacturer Allegheny Technologies Inc. (ATI) has made some early production runs of stainless sheet produced through its joint venture with China’s Tsingshan Group.

Canadian Plant Targets 100K Ton Lift in Capacity Through Capital Upgrades

25 January 2018 - ArcelorMittal Long Products Canada will invest nearly CA$70 million (approximately US$56.8 million) in its Contrecoeur, Que., facilities over the next three years, the company has announced.

World Steel Association: Global Production Rose in 2017

24 January 2018 - Global crude steel production rose 5.3% in 2017, according to preliminary data from the World Steel Association.

U. S. Steel Sued Over Chromium Discharges

24 January 2018 - The city of Chicago has sued United States Steel Corporation in federal court over two accidental discharges of chromium into Lake Michigan.

JSW Steel Awards Furnace Contract to Fives

24 January 2018 - Industrial engineering firm Fives has bagged an order for two high-capacity reheat furnaces from India’s JSW Steel, the firm reported on Wednesday.

Gerdau Shakes Up North American Leadership

23 January 2018 - Gerdau and the president of its North American long steel division have parted ways.

Steel Dynamics Had a Great Year. Here's Why.

23 January 2018 - Steel Dynamics Inc. had a banner year in 2017 as the company set new records for steel shipments, sales and safety, it said on Tuesday.

Tata Steel on the Hunt for New Assets

23 January 2018 - Tata Steel has plans to expand its new Kalinganagar Works, but will look to add capacity through acquisition, managing director TV Narendran tells The (India) Economic Times.

General Carbide Acquires Specialized Auto Tool and Die Business

23 January 2018 - Pennsylvania-based tooling maker General Carbide Corp. has acquired Only Tool, a tooling manufacturer that serves automotive suppliers.

Chinese Steelmaker Lights New Blast Furnace

22 January 2018 - China’s Shandong Steel Group Rizhao has blown in a new blast furnace and tapped the first batch of hot metal, reports SMS group’s Paul Wurth unit.

Fire Damages AK Steel Mill

22 January 2018 - AK Steel Corp. has begun repairing the steel shop at its Middletown, Ohio, mill after molten steel escaped from a ladle and damaged the facility.

Report: China Dismisses Trump Administration's Potential Trade Action as a Bluff

19 January 2018 - The Trump administration is expected to soon make decisions on several significant trade actions – moves to restrict imported steel in the name of national security among them.

Offers for Bhushan Steel Stack Up

19 January 2018 - The interest in India’s ailing Bhushan Steel Ltd. appears to be piling up.

Commercial Metals Company to Launch Branded Rebar Production at South Carolina Mill

19 January 2018 - Commercial Metals Company (CMC) is gearing up its Cayce, S.C., USA, rebar mill to produce the ChrōmX line of rebar acquired through its purchase of MMFX Technologies Corp.