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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
New Ownership Taking Over Unfinished Minnesota Taconite Project
27 April 2017 - A Virginia billionaire and partners who include the United Kingdom’s Liberty House Group submitted the winning bid for the former Essar Steel Minnesota on Wednesday, offering to buy the half-finished taconite mine and pellet plant for US$550 million, reports the Minneapolis Star Tribune.
U. S. Steel to Restart Idled Tube Mill
26 April 2017 - United States Steel Corp. said it is restarting an idled electric-weld tube line in Texas and has reconsidered the closing of a pipe processing line in Ohio.
U. S. Steel Speeds Up Mill Upgrades at the Expense of Near-Term Earnings
26 April 2017 - United States Steel Corp. shares slid nearly 27% on Wednesday after the integrated steelmaker posted an unexpected US$180 million loss and said an accelerated plan to rehab its mills would cut into future earnings.
U.K. Steelmaker to Acquire American Rod Mill
21 April 2017 - Liberty House Group, a commodities trader and steelmaker that has cobbled together a portfolio of U.K. production facilities, has a deal to acquire a shuttered mill in the United States.
Stelco Sale Wins Support of Salaried Employees
20 April 2017 - A Canadian steelmaker said it now has handshake agreements with salaried employees and retirees on a proposed acquisition plan.
Tenova Wins Order for Reheat Furnace
20 April 2017 - NLMK has awarded a contract to Tenova for a new walking beam furnace at its Lipetsk, Russia, mill.
Investigation to Assess National Security Risks of Steel Imports
20 April 2017 - The Trump Administration has opened an investigation into whether steel imports are threatening national security, invoking a seldom-used, 55-year-old law that gives the president the right to restrict imports due to national security concerns.
Steel Dynamics Sees Increase in Demand, Profits
20 April 2017 - Improving steel demand and rising prices allowed Steel Dynamics Inc. to more than double its first-quarter profits, the company said on Wednesday.
U.S. Trade Officials Initiate Wire Rod Investigation
19 April 2017 - The U.S. Department of Commerce has launched a dumping investigation into carbon and alloy wire rod from 10 countries.
Plans for Giant Steel Plant Put on Hold
18 April 2017 - Vietnam’s prime minister has stopped Hoa Sen Group’s massive $10.6 billion integrated steel plant to allow more time to study its feasibility and environmental impacts, reports Vietnam’s VnExpress newspaper.
Russian Steelmaker Looks to Sell Long Products onto Europe
18 April 2017 - The Russian government is extending an RUB 300 million to Mechel PAO, which plans to expand its Chelyabinsk Metallurgical Plant for the export structurals market.
TimkenSteel Gains API Quality Management Certification
13 April 2017 - TimkenSteel has been awarded the American Petroleum Institute’s Q1 quality management certification and has been granted a license to apply the institute’s registered certification mark on certain products, the steelmaker has announced.
Russian Steelmakers Invest More than US$200 Million in Environmental Initiatives
13 April 2017 - Russia’s NLMK Group increased spending on environmental projects and controls by 12% in 2016, the steelmaker reported.
Two Look to Acquire Bankrupt Essar Steel Minnesota
11 April 2017 - Iron ore miner and an investor group are making competing bids for the former Essar Steel Minnesota, the half-built taconite mine and processing plant in Minnesota’s Iron Range, reports the Minneapolis Star Tribune newspaper.
Rebuilt Converter Resumes Production at POSCO Mill
11 April 2017 - POSCO has restarted a LD (BOF) converter at its Gwangyang plant following a project to modernize the approximately 30-year-old unit.
Swedish Steelmaker Wins Multimillion Order for Umbilical Pipe
11 April 2017 - Sweden’s Sandvik Materials Technology has bagged a SEK400 million (US$44.2 million) exclusive order for stainless umbilical tubes to be used in the offshore Leviathan natural gas field, the company said on Tuesday.
Thyssenkrupp joint venture would be 'high risk,' labor union says
11 April 2017 - Germany’s largest labor union is voicing disapproval of a potential joint venture between thyssenkrupp AG and Tata Steel, the Bloomberg news service reports.
AK Steel Celebrates Opening of New Research Center
07 April 2017 - AK Steel officially opened its US$36 million Research and Innovation Center during a ribbon-cutting ceremony on 7 April. More than 100 people, including local, state and federal officials, and AK Steel staff and managers, attended.
To Drive Sales, British Steel Invests in New Rail Facility
05 April 2017 - British Steel has opened a new long-rail logistics center in northern Italy to support sales in that country.
Aperam Finalizes Divestment of French Welded Tube Business
05 April 2017 - Stainless and specialty steel producer Aperam has the completed the sale of its French welded stainless tube business, the company has announced.
