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Producers
The latest news on the companies producing steel or raw materials used in the iron- and steelmaking process.
Latest News
TimkenSteel, Union Again Reach Tentative Contract
27 November 2017 - TimkenSteel Corp. and union negotiators representing employees at its Canton, Ohio, USA, facilities have reached a third — and reportedly final — tentative labor agreement.
PCI Units at Russian Blast Furnace Meet Performance Expectations
22 November 2017 - New pulverized coal injection plants added to the Nos. 6 and 7 blast furnaces at NLMK Group’s Lipetsk plant in Russia have passed performance guarantee tests, the equipment supplier on the project has announced.
One Person Killed in Coke Plant Explosion
22 November 2017 - ArcelorMittal is investigating the cause of a coke plant explosion that killed one person and injured two others on Monday.
SSAB Introduces Water-Quenchable Steel Grade
22 November 2017 - Sweden’s SSAB has begun selling a new type of steel than can be quenched in water, but doesn’t need to be immediately tempered, it has announced.
Report: ArcelorMittal, SAIL Nearing Agreement on JV Cold Mill
21 November 2017 - The Steel Authority of India Ltd. and ArcelorMittal are preparing to sign a memorandum of understanding to establish a cold rolling mill capable of producing 1.5 million tons annually, according to the Press Trust of India news agency.
Nucor Doubles Down on Micro-Mill Investment
21 November 2017 - Nucor Corp. has chosen the U.S. state of Missouri as the home of its proposed US$250 million micro-mill and revealed that it will look to build a second one somewhere in the Southeast.
Optima Specialty Steel Exits Chapter 11 Bankruptcy
17 November 2017 - Optima Specialty Steel Inc., a U.S.-based manufacturer of special bar quality steel, cold-drawn pipe and tube and other specialty products, has emerged from Chapter 11 bankruptcy with a new executive at the helm and a new name.
Cleveland-Cliffs COO Announces December Retirement
17 November 2017 - P. Kelly Tompkins, chief operating officer at iron ore miner Cleveland-Cliffs Inc., has announced that he will retire at the end of the year.
Steelworkers Again Reject TimkenSteel Labor Agreement
17 November 2017 - Union employees at TimkenSteel Corp.’s Canton, Ohio, USA, facilities have rejected a tentative labor agreement for the second time in as many months.
Nucor Plans US$180 Million Investment in Illinois Bar Mill
16 November 2017 - Nucor Corp. said it selected a site for its planned merchant bar expansion, choosing its Bourbonnais, Ill., USA, rebar plant for the US$180 million investment.
TimkenSteel, United Steelworkers Reach Tentative Labor Deal
13 November 2017 - Three weeks after unionized workers at TimkenSteel’s Canton, Ohio, USA, facilities rejected a four-year labor agreement, the company and union negotiators have come to terms on a revised deal.
Healthier Markets Push Up Gerdau's Q3 Profits
13 November 2017 - Rising shipments and increased and sales, along with a companywide effort to reduce costs, lifted Gerdau SA’s third-quarter profits by 53%, the company reported.
ArcelorMittal Allots Nearly US$300 Million for 2018 Capital Projects
13 November 2017 - ArcelorMittal USA is budgeting for US$276 million in capital spending for next year, with much of that being set aside for its integrated mills in northern Indiana, reports The Times newspaper of northwest Indiana.
Improved Market Lifts ArcelorMittal's Q3 Profits
10 November 2017 - The world’s largest steelmaker saw its third-quarter profits rise 75% on higher sales and shipments, ArcleorMittal reported on Friday.
SunCoke Energy Appoints Seasoned Steel Executive to its Helm
10 November 2017 - A veteran steel industry executive will succeed SunCoke Energy Inc. chairman and chief executive Frederick “Fritz” A. Henderson, who announced on Friday that he will retire at the end of the month.
Competition Worries Prompt EU to Take Closer Look at ArcelorMittal-ILVA Deal
08 November 2017 - Competition regulators at the European Commission are taking a closer look at ArcelorMittal’s plan to acquire Italy’s ILVA, fearing that the deal may lead to higher prices for hot-rolled, cold-rolled and galvanized flat products, especially in southern Europe.
TimkenSteel Puts New Heat Treat Facility Into Service
03 November 2017 - Ohio-based TimkenSteel has commissioned its new US$40 million heat treat plant and has begun processing orders, the company has announced.
Stelco Makes Stock Market Debut
03 November 2017 - Canada’s Stelco returned to the public markets on Friday and raised the equivalent of US$157 million through its initial public offering, according to the Bloomberg news service.
Allegheny Technologies Establishes Stainless Sheet Joint Venture
02 November 2017 - U.S.-based Allegheny Technologies Inc. (ATI) is forming a joint venture with the world’s largest stainless producer to make and distribute 60-inch stainless sheet in North America.
U. S. Steel Reports Third Quarter Profit of $147M
02 November 2017 - United States Steel Corp. nearly tripled its third-quarter profits on higher average prices and improved shipments, the company reported.
