Steel News

Electrode Maker Establishes Sales Office in Canada

22 April 2016 - Graphite electrode manufacturer SANGRAF International is opening a Canadian sales office and has hired an industry veteran to call on the electric arc furnace shops there, the company has announced.

Improvements in Flat Rolled Market Help Boost Steel Dynamics' Q1 Profits

21 April 2016 - U.S.-based Steel Dynamics Inc. doubled its first-quarter profits on greater shipments and improving market conditions, especially in its flat rolled business, the company reported Thursday.

Allegheny Technologies Sheds 250 White-Collar Jobs

20 April 2016 - Specialty steelmaker Allegheny Technologies Inc. is laying off roughly one-third of the salaried employees in its flat rolled division, lopping 250 positions from its payroll, the company has announced.

POSCO to Open Wire Rod Processing Plant in Indiana

19 April 2016 - South Korea’s POSCO plans to build a US$19 million wire rod processing plant along the Ohio River in Indiana, according to an announcement by the state.

Kentucky Hopes to Prompt AK Steel to Relight Ashland Blast Furnace

15 April 2016 - Kentucky Gov. Matt Bevin has signed a bill meant to entice flat rolled maker AK Steel Corp. to relight the blast furnace at its Ashland Works, according to the Associated Press.

Minnesota Governor Threatens To Take Away Mineral Leases From Startup Iron Ore Miner

14 April 2016 - Minnesota Gov. Mark Dayton has issued an ultimatum to would-be iron ore producer Essar Steel Minnesota, telling the company that if it doesn't line up the funding to finish its new taconite mine and processing facility, the state won't renew mineral leases.

China Agrees to End Subsidy Program; Steel Executives Press for Aggressive Enforcement of Trade Laws

14 April 2016 - The U.S. has signed an agreement with China to end a disputed program that subsidized Chinese exports from seven sectors, one of which includes specialty steel.

Mill Steel Names New President

12 April 2016 - U.S.-based steel distributor Mill Steel Co. has promoted Pam Heglund as president, the company has announced.

Steelmakers Suggest Ways to Fight Excess Capacity During Hearing

12 April 2016 - Steelmakers, labor representatives and community leaders were in Washington, D.C., Tuesday to offer testimony about the impact of the world’s excess steel capacity and to suggest ways to combat the problem.

Essar Steel 'Confident' It Can Finish New Iron Ore Mine, Pellet Plant

12 April 2016 - Essar Steel Minnesota chief executive Madhu Vuppuluri said he and the company are “optimistic” that they’ll raise the rest of the money needed to finish building a new taconite mine and processing facility in northern Minnesota, according to the Duluth News Tribune newspaper.

Steel of West Virginia Awarded Specialty Manufacturing Certification

08 April 2016 - Maritime standards maker Lloyds Register has certified Steel of West Virginia Inc. as a producer of steel “bulb flats,” a specialty product used in shipbuilding, the company has announced.

Midrex Names New President, COO

08 April 2016 - Midrex Technologies Inc. veteran Stephen Montague has been named president and chief operating officer, the company has announced.

U. S. Steel Is Letting Go of One-Fourth of its Nonunion Workforce in U.S.

06 April 2016 - United States Steel Corporation is cutting 25 percent of its nonunion payroll in the U.S., the steelmaker has confirmed.

Nucor Plans Upgrades to Alabama Sheet Mill

05 April 2016 - Nucor Corp. is spending approximately US$4.4 million to upgrade the pickling line at its Decatur, Ala., sheet mill, according to reports.

'Several' Bids Made for Essar Steel Algoma

04 April 2016 - Canada’s Essar Steel Algoma said it is entering the second phase of its sales process with “several” preliminary bids on the table.

AK Steel Wins Safety Honors from Ohio Workers' Compensation Bureau

04 April 2016 - The state of Ohio has recognized AK Steel Corp.’s Zanesville Works for its safety performance during the previous 13 years, the company has announced.

Voestalpine Signs Another Customer for its Texas HBI

04 April 2016 - Voestalpine has found another taker for the hot briquetted iron it will be producing at its new direct reduction plant in Texas.

Could Two of Canada's Biggest Steelmakers Join Forces? Possibly, Newspaper Says

01 April 2016 - Preliminary bids are due today, 1 April, from investors interested in Essar Steel Algoma, a Canadian plate and sheet producer that entered creditor protection last year.

ArcelorMittal Idles Indiana Hot Strip Mill

01 April 2016 - In the latest of it capacity-cutting efforts, ArcelorMittal has shut down the 84-inch hot strip mill at its Indiana Harbor facility in Indiana, a union official tells The Times newspaper of northwest Indiana.

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.