Steel News

Tata Steel Acquires Iron Ore Processor

27 December 2016 - Tata Steel has an agreement to acquire an iron ore pellet maker that will its new Kalinganagar works in the Indian state of Odisha.

China Deals Out Punishments to Officials for Allowing Mill Restarts

27 December 2016 - Two provincial officials in China are being handed “administrative punishments” for allowing shuttered steel mills to restart, reports the Reuters news service.

New BOF on Order for Chilean Steel Mill

27 December 2016 - Chile’s Compania Siderurgica Huachipato S.A. has ordered a new basic oxygen furnace (LD converter) for its Talcahuano facility from Primetals Technologies.

Danieli Tapped for Pickling Line Upgrade

27 December 2016 - Danieli Service has won a contract to revamp the entry section of the pickling line at ArcelorMittal’s Fos-sur-Mer sheet mill in France, the company has announced.

With Approvals in Hand, Konecranes Plans to Finalize Terex Deal in Early 2017

22 December 2016 - The European Commission has given the green light to a deal in which Finnish crane manufacturer Konecranes plc will sell its hoist and crane components business to an American company. The approval clears the way for Konecranes to finalize the sale of its port solutions and material handling business to U.S.-based Terex Corp.

Texas Rebar Mill Sold to Japanese Steelmaker

22 December 2016 - Japan’s Kyoei Steel Ltd. has acquired a Texas rebar mill for approximately US$52 million, the company said on Thursday.

MMK Locks In Four-Year Supply of Iron Ore

22 December 2016 - Russia’s OJSC Magnitogorsk Iron and Steel Works (MMK) has signed a long-term iron ore supply agreement with the Eurasian Resources Group, contracting for more than 30 million metric tons over the next four years.

Sweden's SSAB Contracts for Automation System Upgrade

22 December 2016 - SSAB Europe has awarded a contract to Primetals Technologies for a new automation system at its mill in Raahe, Finland.

AK Steel Awarded Grant to Support Electrical Steel

21 December 2016 - AK Steel Corp. has been awarded a US$1.8 million federal grant to help it develop new grades of electrical steels, according to The Cincinnati (Ohio) Enquirer newspaper.

SDI Starts Up New Paint Line at Mississippi Sheet Mill

21 December 2016 - Steel Dynamics Inc. has finished installing a new continuous paint line at its Mississippi sheet plant and coated its first coil there, according to the vendor on the project.

SMS Completes First Round of Upgrades to Exhaust System at Swedish Mill

21 December 2016 - Swedish tool steel maker Uddeholm AB is modernizing the EAF offgas system at its Hagfors site and has completed the first phase of work, according to the vendor on the project.

U.S. Steel to Close Tube Lines at Ohio, Texas Plants

21 December 2016 - United States Steel Corp. is permanently closing one of the two seamless tube mills at its Lorain, Ohio, plant and a welded tube mill at its Lone Star, Texas, plant, reports The Times newspaper of northwest Indiana.

Nucor to Buy Republic Conduit, Pushing Recent Pipe and Tube Investments to Nearly US$1B

15 December 2016 - Nucor Corp. has signed an agreement to acquire Republic Conduit from Luxembourg-based Tenaris S.A. for US$335 million, the steelmaker said on Thursday.

Tenova Combining Three North American Units Into One

15 December 2016 - Tenova is merging three North American units into a single entity called Tenova Inc., the equipment supplier announced on Thursday.

Acquisition Expands Texas Service Center's Processing Capabilities

15 December 2016 - North Shore Steel, a steel service center in Houston, Texas, has acquired the operating assets of Houston Blow Pipe, a 100-year-old plate processor, the company has announced.

Seasonal Declines Expected to Dampen Nucor Earnings

15 December 2016 - Nucor Corp. expects to post weaker fourth-quarter earnings due to the typical end-of-year slowdown, the company said on Thursday.

Big River Rolls Out Its First Coil

14 December 2016 - Big River Steel has fired up the meltshop and hot mill at its US$1.3 billion facility and has produced its first coil, the steelmaker announced on Wednesday.

Reports: Theft Ring Lifted 55 Tons of Nickel from Pennsylvania Mill

14 December 2016 - Criminal charges have been filed against eight people who allegedly stole 55 tons of nickel from ArcelorMittal’s plate mill in Coatesville, Pa.

U.S. Steel to Restart Idled Strip Mill

13 December 2016 - United States Steel Corp. said it will bring back up the idled hot strip mill at its Granite City Works in Illinois to maintain production as other mills undergo maintenance outages, the steelmaker announced on Tuesday.

Synalloy Acquiring Stainless Pipe and Tube Operation

13 December 2016 - A subsidiary of Virginia-based Synalloy Corp. is acquiring the stainless pipe and tube operations of Marcegaglia USA for US$15 million to US$16 million, the company announced on Tuesday.