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The latest news on the companies producing steel or raw materials used in the iron- and steelmaking process.

Latest News

ArcelorMittal to Expand Auto Steel Capacity Through European Investment

28 July 2017 - ArcelorMittal is planning expand its advanced automotive steel capacity through an investment of approximately US$112.8 million at two of its French mills. 

Kobe Steel Sets Up Southeast Asia Subsidiary

27 July 2017 - Japan’s Kobe Steel Ltd. has established a new subsidiary serving south and southeast Asia and will open its regional headquarters in Thailand next month, the company has said. 

German Steelmaker Lays Claim to World's Thickest Slab

27 July 2017 - Germany’s Dillinger Hütte said it set a new world record on Tuesday, casting a slab with a thickness of 600 mm, or more than 23.5 inches. 

U. S. Steel Posts US$162 Million Profit in Second Quarter

26 July 2017 - United States Steel Corporation swung to profitability in the second quarter on higher average steel prices. 

AK Steel Sets Maintenance and Project Outages at Mansfield, Middletown Facilities

26 July 2017 - AK Steel said it is investing US$26 million in the third quarter in upgrades to its Mansfield and Middletown Works in Ohio.  

Finnish EAF Puts New Sampling Manipulator Into Service

26 July 2017 - Ovako has commissioned an automatic electric arc furnace (EAF) temperature and sampling manipulator at its Imatra plant in Finland. 

Vietnamese Steelmaker Orders Two New Converter Shops

26 July 2017 - A consortium made up of SMS group and WISDRI Engineering & Research Inc. Ltd. has won an order for two steel shops from Vietnam’s Hoa Phat Group, SMS group has announced. 

Allegheny Technologies Signs Supply Agreement for Specialty Aerospace Materials

26 July 2017 - Aircraft engine manufacturer Pratt & Whitney has signed a long-term purchase agreement with Allegheny Technologies Inc. (ATI) for isothermal forgings and nickel-based powder alloys, materials for its next-generation jet engines. 

Report: thyssenkrupp CEO Wants Tata Deal By September

26 July 2017 - thyssenkrupp chief executive Heinrich Hiesinger is looking to strike a deal on merging the company’s steelmaking operations with Tata Steel’s European strip business by September, according to the Reuters news service. 

Nucor CEO: It's Time to Support the American Steel Industry

25 July 2017 - As Nucor Corp. chairman and chief executive John Ferriola sees it, the United States is in a trade war. And it’s losing. 

Danieli Wins Order for Two Galvanizing Lines

24 July 2017 - India’s JSW Steel has ordered two hot-dipped galvanizing lines from Danieli, the equipment supplier has announced. 

Hyundai Steel Turns to SMS group for New Straightener

24 July 2017 - South Korea’s Hyundai Steel Co. has ordered a new horizontal roller straightener from SMS group, the equipment supplier has announced. 

The Systems Group Lands Order for EAF Roof

24 July 2017 - The Systems Group has won an order for a new electric arc furnace (EAF) roof, the company has announced. 

Nucor Approaches 2 Million Tons of Auto Steel Shipments

21 July 2017 - Nucor Corp. is closing in on its goal to ship 2 million tons of automotive steel annually, chief executive John Ferriola has said. 

Steel Dynamics Takes One to the Snout

21 July 2017 - A bad line component forced Steel Dynamics Inc.’s (SDI) new Galvalume and paint lines to go down in the second quarter, contributing to an estimated US$30 million impact on earnings, SDI chief executive Mark Millett said on Thursday.  

Nucor Awards Galvanizing Line Contract to SMS group

20 July 2017 - Nucor Corp. has awarded the contract for its planned US$176 million Kentucky galvanizing line to SMS group, the equipment supplier said on Thursday. 

Higher Steel Prices Boost Q2 Profits at Steel Dynamics

20 July 2017 - Steel Dynamics Inc. saw its second-quarter profits rise 8.5% on higher average prices for its steel. 

This Is Heavy News: Mechel Casts a 50-Metric-Ton Ingot

20 July 2017 - Mechel PAO’s Chelyabinsk works in Russia has cast its first 50-metric-ton ingot, officially marking its entry into the oversized special steel market. 

Steelmakers Nearing Agreement on Establishing New Cold Mill

20 July 2017 - The Steel Authority of India (SAIL) and ArcelorMittal are closing in a joint venture cold mill that would produce automotive steel, reports the Press Trust of India.  

New Owner of Australian Steel Works Promises Big Investment

19 July 2017 - Steel entrepreneur Sanjeev Gupta said he and his family plan to invest nearly US$780 million in Australia’s integrated Whyalla steel works, according to reports.