Steel News

Judge Confirms U.S. Steel Debt Claims Against Former Canadian Subsidiary

01 March 2016 - An Ontario judge has sided with United States Steel Corporation, agreeing that the steelmaker is indeed owed more than $2.2 billion from its former Canadian subsidiary, U. S. Steel Canada (USSC).

Ohio Electrode Manufacturer Adjusts Organizational Chart, Launches Strategic Review

01 March 2016 - Graphite electrode manufacturer GrafTech International Ltd. plans to realign its two business units and is considering a sale of one of them, the Ohio-based company has announced.

ATI Labor Deal Includes Profit-Sharing Plan and Health Insurance Contribution

29 February 2016 - Unionized workers at specialty steelmaker Allegheny Technologies Inc. will have to pay more for their health insurance but could share in the company’s profits, under the terms of a tentative, four-year labor deal, reports the (Pittsburgh) Tribune-Review newspaper.

CONSOL Energy Sells Metallurgical Coal Mine in Virginia

29 February 2016 - Coal and natural gas producer CONSOL Energy Inc. has agreed to sell its only operating metallurgical coal mine and other reserves for US$420 million, plus potential royalties, the company has announced.

ArcelorMittal Shutters Indiana Aluminizing Line

26 February 2016 - ArcelorMittal has closed the No. 1 aluminizing line at its Indiana Harbor West plant in Indiana and is shifting production elsewhere, according to reports.

Rolling Mill Manufacturer Sets Up North American Subsidiary

26 February 2016 - France’s REDEX Group has established a North American subsidiary in an effort to improve customer service and develop new business, the company has announced.

Steelmaker Taps Primetals for New Ladle Furnace

25 February 2016 - Russia’s Severstal has ordered a new twin-ladle furnace for its Cherepovets steel works, according to the vendor on the project.

Brazilian Specialty Steelmaker Fires Up New EAF

23 February 2016 - Brazil’s Villares Metals has signed the final acceptance certificate for a 25-ton electric arc furnace at its mill in Sumare, Sao Paulo, according to the vendor on the project.

Allegheny Technologies, United Steelworkers Shake Hands on Tentative Labor Deal

23 February 2016 - Union negotiators have reached a tentative, four-year agreement with specialty steelmaker Allegheny Technologies Inc., the United Steelworkers union and the company have announced.

Romanian Tubemaker Adding Heat Treatment Line to Mill

22 February 2016 - Romania’s TMK-ARTROM has awarded a contract to the SMS group for a new heat treatment line, according to SMS.

Two JSW Steel Blast Furnaces Returned to Service

22 February 2016 - India’s JSW Steel has re-commissioned two idled blast furnaces and is preparing to relight a third, according to reports.

U.S. ITC Retains Duties on Certain Chinese-Made Pipe

19 February 2016 - The U.S. International Trade Commission has agreed to retain anti-dumping and countervailing duties on seamless pipe from China.

Ukraine's No. 1 Exporter Is a Steelmaker

19 February 2016 - Forbes Ukraine magazine has named ArcelorMittal Kryvyi Rih as the country’s leading exporter during 2015.

Gerdau Gives a Thumbs Up to a New Rolling Mill, Plans to Begin Plate Production This Summer

19 February 2016 - Long steel maker Gerdau has issued the final acceptance certificate for its new Steckel mill at its Ouro Branco plant in the Brazilian state of Minas Gerais, according to the vendor on the project.

Coke Plant on Order at Chinese Steel Works

18 February 2016 - SMS group's Paul Wurth subsidiary will oversee engineering of a coke plant at a new steel works in China, the company has announced.

TimkenSteel Moves to Recapture a Piece of a Specialized Tube Market

18 February 2016 - U.S.-based TimkenSteel is re-entering the market for the specialized tubing needed to make a widely used type of plastic and has taken its first order, the company announced.

ArcelorMittal Workers in Canada Accept New Labor Deal

17 February 2016 - Unionized steelworkers at ArcelorMittal's Canadian long products division have ratified a six-year labor agreement, the company has announced.

Citing Losses, Australian Steelmaker Says It May Partially or Fully Close Its Integrated Steel Works

17 February 2016 - Arrium, an Australian iron ore miner and steel producer, posted an AU$235.8 million loss in the first half of fiscal 2016 and said it needs to find AU$60 million in cost savings or it will idle all or part of its integrated Whyalla works.

SDI Co-Founder Richard Teets Calls it a Career and Announces March Retirement

17 February 2016 - Steel Dynamics Inc. co-founder and former AIST board president Richard P. Teets Jr. has announced he’ll retire in March, bringing to an end a nearly 40-year steelmaking career and prompting the company to reorganize its management structure.

Saudi Arabia, Russia Agree to Hold the Line on Oil Production, But With A Catch

16 February 2016 - Russia and Saudi Arabia have agreed to freeze oil production, but only if other major producers do so as well, according to media reports.