Steel News

Commerce Department Proposes Big Countervailing Duty on Chinese-Made Plate

08 September 2016 - The U.S. Commerce Department has set preliminary countervailing duties of 210.5 percent on Chinese-made cut to length plate, ruling that producers there have been benefitting from unfair government subsidies.

voestalpine Looks for Additional Operational Savings

08 September 2016 - voestalpine chief executive Wolfgang Eder said the company is planning to undertake additional measures aimed at improving operational efficiencies, reports the Reuters news service.

G20 Nations Pledge to Address Excess Steel Capacity

06 September 2016 - Leaders at the G-20 summit in China have agreed to create a group that will promote discussion and cooperation amongst nations on the world’s excess steelmaking capacity.

Blaming Soft Plate Market, Essar Algoma Cuts Workforce

06 September 2016 - Canada’s Essar Steel Algoma is laying off more than six dozen employees owing to weakness in the plate markets, reports the online SooToday.com.

AK Steel Finishing Up Work on New R&D Center

02 September 2016 - AK Steel Corp. is nearing completion on its US$36 million research center in Ohio and expects to begin moving in employees this fall, reports the Dayton (Ohio) Daily News.

U.S. Trade Commission OKs Duties on Cold-Rolled Imports

02 September 2016 - The U.S. International Trade Commission has affirmed the imposition of anti-dumping duties on cold-rolled steel from four countries, but has declined to apply them to Russian imports.

thyssenkrupp Engages Labor on European Steel Restructuring

01 September 2016 - thyssenkrupp and labor representatives have agreed to establish a task force that is to discuss, among other things, whether the company needs to merge steelmaking operations with others, according to the Reuters.

Danieli to Upgrade Turkish Meltshop

31 August 2016 - Turkey’s Kroman Çelik Sanayil is upgrading the injection system and installing Danieli’s Q-Melt Automatic EAF technology in its meltshop, Danieli has announced.

For Dongkuk Steel, The Technology Race Comes to a Photo Finish

31 August 2016 - South Korea’s Dongkuk Steel said it has developed inkjet printing technology designed specifically for printing on steel sheets, reports BusinessKorea.

Workers Protest Potential Merger of thyssenkrupp, Tata European Operations

31 August 2016 - Steel workers at Germany’s thyssenkrupp staged a rally on Wednesday to protest the potential merger of the company’s European steel division with Tata Steel’s European unit, reports the Reuters news service.

Steel Not on the G-20 Agenda for China

30 August 2016 - China is keen on discussing its financial reforms during the upcoming Group of 20 summit – and less so on talking about the world’s excess steelmaking capacity, reports The Nikkei Asian Review.

Hebei Iron & Steel Begins Boosting Sales, Production at Serbian Mill

30 August 2016 - Nearly two months after acquiring Serbia’s ailing Železara Smederevo steel works, Hebei Iron & Steel has managed to lift the facility’s monthly sales and is targeting 1.7 million tons of production in 2017, reports Xinhua, China’s official news agency.

Vietnamese Steelmaker Announces Plans for Mammoth US$10.6B Works

30 August 2016 - Vietnam’s Hoa Sen Group plans to build a giant US$10.6 billion steel works whose targeted capacity would exceed the country’s total production in 2015, reports the online VN Express News.

Steel Distributor Expands Into Southwestern U.S. With New Facility

30 August 2016 - Flat rolled distributor Lex Holding Co. has opened a facility in Houston, Texas, USA, expanding its market reach into the southwestern United States and Mexico, the company has announced.

POSCO Product Wins Top Government Honor

29 August 2016 - A POSCO product designed to cut noise between floors in apartment buildings has been recognized with a Jang Young Sil award, South Korea’s top honor for industrial technology.

Magnetation Planning to Wind Down Operations

29 August 2016 - AK Steel Corp. will pay up to US$37.5 million to end its pellet supply agreement with its joint venture pellet producer, Magnetation LLC, which will begin to wind down its remaining operations unless it finds a buyer or new financing.