Steel News

World Steel Dynamics: The Blast Furnace Isn’t Dead Yet

18 June 2019 - As U.S. mini-mills install new capacity that will allow them to produce high-quality steels, some might argue the integrated producers are doomed. But that’s not necessarily so, said World Steel Dynamics founder and managing partner Peter Marcus.

In Electric Vehicles, There's A Case to Be Made For — And Out of — Steel

17 June 2019 - As the number of battery electric vehicles begins to increase, steel might have a new opportunity in one critical component: battery boxes, Steel Market Development Institute vice president Jody Hall said on Monday.

Plant Builder Expects Shift in Mill Investments

17 June 2019 - The North American steel industry has seen an extraordinary level of mill investment in the past two years, but the biggest of the capex announcements are likely behind, according to an executive at plant builder SMS group.

Nucor Forecasts Lighter Q2 Profits

17 June 2019 - Nucor Corp. expects its second-quarter earnings to fall approximately 42% as service centers draw down inventories, the company said on Monday.

Liberty Steel Acquires Pennsylvania Wire Maker

13 June 2019 - Pennsylvania-based Johnstown Wire Technologies (JWT) has been sold to Sanjeev Gupta's Liberty Steel USA for an undisclosed amount, the company has announced.

SDI Draws Near to Site Decision on New Sheet Mill

13 June 2019 - The Texas Comptroller’s office has ruled that Steel Dynamic Inc.’s proposed southwest flat-rolled mill qualifies for local tax breaks, a decision that potentially opens the door to an agreement on economic incentives for the mill – and possibly a final decision on its location.

Steel Industry Could See Uptick in Mergers

13 June 2019 - Senior steel executives remain optimistic about their prospects for near-term growth and are looking to mergers and acquisitions as a key driver of that growth, according to an annual survey from corporate finance and strategic advisory firm Headwall Partners.

Big River Steel Has Finalized Financing for Its Mill Expansion. Here’s How Much.

04 June 2019 - Big River Steel has lined up US$777 million in financing for the planned expansion of its flat-rolled mill in Osceola, Ark., USA, the company has said.

Danieli Receives Additional Order Tied to Sheet Mill Overhaul

04 June 2019 - Nucor Corp. has contracted Danieli to build a new emissions control system for its Gallatin sheet mill, a follow-on order arising from the steelmaker’s overhaul of the Kentucky facility.

ATI Divests Indiana, Kentucky Forges

04 June 2019 - Allegheny Technologies Inc. has sold two closed-die forging facilities to a Chicago private equity firm for US$37 million in cash, the company said.

Lab Equipment Maker Expands Product Portfolio Through U.S., Japan Acquisition

04 June 2019 - Laboratory and analytical instruments manufacturer Verder Group is expanding its product portfolio in particle and surface analysis equipment, acquiring Microtrac Inc. and MicrotracBEL from Nikkiso Co. Ltd.

UAW OKs Labor Agreement With AK Steel

04 June 2019 - Union workers at AK Steel Corp.’s Zanesville, Ohio, mill have ratified a three-year labor agreement with the company.

Furnace Services Provider Opens New Tech Center

30 May 2019 - AMI Automation, a provider of meltshop optimization solutions, has opened a new tech center that serves customers who subscribe to certain service packages, the company has said.

Vallourec Sees Early Results in Furnace Optimization Project

30 May 2019 - Pipe and tube maker Vallourec is collaborating with GE Digital on a project designed to reduce power-on times and variability and boost productivity of its Youngstown, Ohio, electric arc furnace.

United Steelworkers Union Names New Leadership Team

29 May 2019 - The United Steelworkers union is changing up its leadership team as four of its principals, including union president Leo Gerard, plan to retire over the next two months.

Danieli Lands U.S. Rail Mill Contract

28 May 2019 - Danieli has been chosen to build EVRAZ North America’s planned rail rolling mill for its Pueblo, Colo., facility.

AHMSA Signs Acceptance Certificate on New Vacuum Degasser

23 May 2019 - Primetals Technologies has received the final acceptance certificate on a twin RH vacuum degasser it built for Altos Hornos de Mexico S.A.B. de C.V., the company has announced.

No Infrastructure Deal? No Surprise There.

23 May 2019 - President Trump’s meeting with Democratic leaders on Wednesday to discuss an infrastrucure plan ended in but a few minutes, and that’s not much of a surprise, reports Politico.

Nucor Contracts Danieli for Water Treatment Systems

22 May 2019 - Nucor Corp. has selected Danieli to provide the water treatment plants for its new micro-mills in Sedalia, Mo., and Frostproof, Fla., according to the equipment supplier.

Lifting Steel Tariffs Necessitates Continued Vigilance, SMA Says

20 May 2019 - The Steel Manufacturers Association hopes that the removal of the Section 232 tariffs on Canadian and Mexican steel will clear the way for a new North American free trade agreement, but said that close monitoring of steel imports is still needed.