Steel News

Report: Tata Steel, thyssenkrupp Might Bring European Operations Together

01 April 2016 - As India’s Tata Steel looks to exit the United Kingdom, it’s reportedly considering a new direction for its other European assets.

Primetals, Iran to Collaborate on Nearly EUR2 Billion in New Steel Projects

01 April 2016 - Primetals Technologies and Iran’s Fakoor Sanat Teheran Engineering Co. have signed an agreement to collaborate on a variety of steel-related projects estimated to be worth more than EUR1.8 billion, the company has announced.

With Profits Scarce, Steelmaking Has Entered an Ice Age, Says Producer

31 March 2016 - The world’s steel companies have entered an “ice age,” a Chinese steelmaker said in announcing a US$710 million net loss in 2015, reports BloombergBusiness.

Steel Technologies Expands Footprint, Announces New Tennessee Facility

31 March 2016 - Flat rolled processor Steel Technologies LLC plans to invest US$18 million in a new facility housing a slitting line and a 1,000-ton blanking press, the company has announced.

Tubemaker Snags Record OCTG Order

30 March 2016 - French tubemaker Vallourec has won an order for nearly 100,000 tons of oil country tubular goods (OCTG) from Abu Dhabi National Oil Co., Vallourec has announced.

Indian Officials Extend Safeguard Duty for Two More Years

30 March 2016 - India is extending a six-month safeguard duty it imposed last year on hot rolled coils, the Central Board of Excise and Customs has announced.

Nine Years and Billions of Dollars Later, Tata Steel Calls it Quits in the United Kingdom

30 March 2016 - After spending billions to buy Anglo-Dutch steelmaker Corus in 2007, and then losing millions more on the investment, India’s Tata Steel has announced plans to sell its U.K. business, leaving thousands of jobs at risk.

Steel Industry Vets Investing Nearly US$37 Million in North America's 'Most Advanced' Cold Finished Bar Mill

29 March 2016 - A start-up company has selected Valparaiso, Ind., as the home of what it says will be North America’s most advanced cold drawn bar mill and plans to begin operations in 2017.

Commercial Metals' Second-Quarter Sales Drop, But Profits Increase

28 March 2016 - U.S. recycler and long products producer Commercial Metals Co. saw its second-quarter profits increase despite a decline in sales, the company reported.

Further Investigation into Stainless Imports from China Warranted, U.S. Trade Commission Rules

28 March 2016 - The U.S. International Trade Commission has issued a preliminary ruling in a trade case involving stainless steel sheet and strip from China, saying that it appears overseas producers are undercutting prices and have harmed the U.S. industry.

Builder of Unfinished Taconite Facility Looks to Restructure Millions in Debt

28 March 2016 - Essar Steel Minnesota, the company building Minnesota’s first new taconite facility in years, owes approximately US$1 billion and has hired advisers to help it restructure its debt, reports the Reuters news service.

What's in a Name? For This Business, Its Purpose

28 March 2016 - Nalco, an Illinois-based water and process services business, has changed its name to Nalco Water, the company has announced.

Metals Trading Firm Expands Steelmaking Holdings

24 March 2016 - Tata Steel has reached an agreement to sell two affiliated plate facilities in Scotland, the company has announced.

Investment Firm Acquiring ArcelorMittal Long Products Facilities (Updated)

24 March 2016 - ArcelorMittal is selling three of its U.S. long products mills to a private investment firm for an undisclosed amount, the company has announced.

AISI: Steel Industry is in Critical Time

23 March 2016 - Leaders at the American Iron and Steel Institute have called upon the U.S. government to vigorously enforce its trade laws and to deny China market economy status as a member of the World Trade Organization.

AK Steel, Auto Workers Reach New Labor Pact

23 March 2016 - Hourly production and maintenance employees at AK Steel Corp.'s Coshocton Works in Ohio have ratified a new labor agreement, according to the company.

China Steel, Coal Sectors Owe More Than US$1T

23 March 2016 - China’s efforts to cut excess coal mining and steelmaking capacity could be thwarted by the US$1.56 trillion in debt being carried by those sectors and others, according to the Reuters news service.

Reports: Deal Close for Tata Steel Mills in Scotland

22 March 2016 - Sanjeev Gupta, founder and executive chairman of a metals trading firm that partially re-opened an idled steel mill last year, is close to adding two other facilities to the company’s production portfolio, reports The Guardian newspaper.

SES Strikes Up Supplier Partnership With Machine Tool Maker

22 March 2016 - U.S.-based SES LLC is adding bar turning and burnishing/straightening machines to its product lineup through a new strategic partnership, the company has announced.

Japanese Steelmaker Restarts Damaged Bar Mill

22 March 2016 - Toyota-affiliated Aichi Steel Corp. has restarted a bar mill that was damaged by a gas explosion earlier this year, the company has announced.