Steel News

Steel Dynamics Acquires Scrap Yards in Tennessee, Mississippi

15 August 2016 - Metals recycler Sims Metal Management Ltd. has divested certain scrap yards in the eastern United States, selling them to Steel Dynamics Inc. for an undisclosed amount, according to reports.

U.S. Is Vigorously Enforcing Trade Laws, Says Commerce Department Secretary

12 August 2016 - U.S. Commerce Department Secretary Penny Pritzker said that with 161 steel-related trade cases now on the books, the government is fully committed to enforcing trade laws.

German EAF Mill Commissions New Furnace Manipulator

12 August 2016 - German specialty steelmaker BGH has commissioned an automatic temperature and sampling manipulator on an electric arc furnace at its Freital facility, according to the vendor on the project.

Primetals Technologies Secures Order for Rolling Equipment

12 August 2016 - Czech steelmaker Třinecké železárny has awarded a contract to Primetals Technologies for a new billet stand and a combination saw for its plant in Třinec, Primetals has announced.

UAW Ratifies Labor Agreement with AK Steel

10 August 2016 - The United Auto Workers union has ratified a new labor agreement at AK Steel Corp.’s Butler, Pa., USA, facility, the company has announced.

Scientist Suggests a New Steelmaking Ingredient: Used Tires

10 August 2016 - A scientist at the University of New South Wales in Australia says she has come up with a new use for old tires: grind them up and inject them as carbon into electric arc furnaces.

U. S. Steel Canada Declines New Offer From Essar Global

10 August 2016 - U. S. Steel Canada has rejected a new buyout offer from Essar Global, saying that its new bid is substantially similar to one that was proposed -- and rejected -- earlier this year, according to reports.

Hyundai Steel Signs Off on Bar Mill Upgrade

10 August 2016 - South Korea’s Hyundai Steel has issued the final acceptance certificate for a new 3-roll sizing mill at its bar mill in Pohang, according to the contractor on the project.

Regulators OK Sale of Terex Material Handling Division

09 August 2016 - European and U.S. regulators have approved the proposed sale of Terex Corp.’s material handling and port solutions business to Finland’s Konecranes, the companies have announced.

A New Offer Emerges for U. S. Steel Canada

09 August 2016 - An entity that includes shareholders of India’s Essar Global said it has made a formal, binding offer for U. S. Steel Canada, which is operating under creditor protection while it attempts to find a buyer.

Commerce Department Sets Duties on Hot Rolled Coil Imports

08 August 2016 - The U.S. Commerce Department will impose anti-dumping duties of between 3.7 and 34.3 percent on hot rolled coil from seven countries, the department has announced.

Keystone Acquires South Carolina PC Strand Manufacturer

08 August 2016 - Keystone Consolidated Industries Inc. has acquired pre-stressed concrete (PC) strand maker Strand-Tech Martin Inc. for an undisclosed amount.

India Extends Import Protections on Certain Steels for Another 60 Days

08 August 2016 - The Indian government has extended its import price floor for certain steel products by an additional two months, reports The (India) Economic Times.

Chinese Steelmaker Acquires Castrip License

08 August 2016 - North Carolina-based Castrip LLC has licensed its casting technology to a Chinese steelmaker, marking the first time Castrip technology will be employed in an overseas facility.

Primetals Bags Contract for New BOF in Germany

04 August 2016 - ArcelorMittal’s Ruhrort plant in Germany has ordered a new basic oxygen furnace (LD converter) from Primetals Technologies. According to Primetals, the 150-metric-ton converter will replace an existing converter, designated as K2.

EU Sets Duties on Cold Rolled Imports

04 August 2016 - The European Union is imposing anti-dumping duties on cold rolled steel from China and Russia, reports The Wall Street Journal.

Report: China Weighing Plan to Combine Steelmakers

02 August 2016 - Chinese officials are thinking about consolidating some of the country’s largest steelmakers into two behemoth companies, according to the Bloomberg news service.

New Monitoring System Could Generate Better Steel Import Policies, Officials Say

02 August 2016 - U.S. officials stopped at ArcelorMittal Cleveland’s integrated mill on Monday to publicize an expanded steel trade monitoring system, a new tool meant to aid in the fight against unfairly traded imports.

Steel Dynamics Completes US$114M Vulcan Acquisition

02 August 2016 - Steel Dynamics Inc. has finalized its acquisition of threaded rod manufacturer Vulcan Threaded Products Inc., the company has announced.

Reliance Steel Moves in Alaskan Distribution Market

02 August 2016 - Reliance Steel & Aluminum Co. has acquired Alaska’s largest steel distributor for an undisclosed amount, the company has announced.