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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
EVRAZ Begins Work on New Blast Furnace in Russia
15 July 2016 - Russia’s EVRAZ has begun building a US$170 million blast furnace at its Nizhny Tagil steel works, the company has announced.
Essar Minnesota Names New Chief Executive
15 July 2016 - Essar Steel Minnesota has named a new chief executive to help guide the company through Chapter 11 bankruptcy and to help it complete its US$1.9 billion taconite mine and pellet plant, reports the Minneapolis Star Tribune.
NAFTA Panel Mostly Rejects Mexican Challenge to U.S. Duty Order on Rebar
14 July 2016 - A North American Free Trade Agreement review panel has generally upheld a finding that U.S. producers had been harmed by unfairly traded Mexican rebar exports.
Investment Firm Drops Plan to Acquire Canadian Steelmakers
14 July 2016 - A New York-based private equity firm has backed out of a deal to buy Canada’s Essar Steel Algoma and reportedly has dropped a separate bid for another major Canadian steelmaker, U. S. Steel Canada.
Better Margins, Prices Expected to Boost BlueScope's Bottom Line
14 July 2016 - Australia’s BlueScope Steel Ltd. said it expects to beat its second-half earnings guidance due to higher margins in its U.S. businesses and greater Asian steel prices.
Brazil's CSN Looks to Part Ways With Usiminas
13 July 2016 - Brazil’s Cia Siderúrgica Nacional SA said it will sell its stake in rival Usiminas, but only after it minimizes losses on its investment in the business, the company said Wednesday, reports the Reuters news service.
Steelworkers Union Rebuffs Would-Be Acquirer of Essar Algoma, Backs Competing Offer
12 July 2016 - The United Steelworkers union said it will not support Essar Steel Algoma’s tentative sale to a private equity firm and instead is pushing for an alternate deal, one with the steelmaker’s former owner.
Essar Minnesota Still Plans to Complete Minnesota Taconite Mine
12 July 2016 - Essar Steel Minnesota, which last week lost the public mineral leases related to the taconite mine and processing plant it has been building and filed for Chapter 11 bankruptcy, isn’t throwing in the towel.
No Guarantees That Port Talbot Works Will Be Saved, Says Tata Executive
11 July 2016 - Tata Steel cannot guarantee that the U.K.’s largest steelmaking facility has a future ahead of it, even if it is able to sign a joint venture agreement for its strip business, reports The Guardian newspaper.
Essar Steel Minnesota Loses Mineral Leases, Files for Bankruptcy
08 July 2016 - Essar Steel Minnesota, which had been building Minnesota’s first new taconite facility in years, filed for Chapter 11 bankruptcy on Friday, according to reports.
Tata, thyssenkrupp Discussing Joint Venture for European Strip Businesses
08 July 2016 - Tata Steel has suspended the sale of its U.K. business and is now thinking about putting its strip operation into a joint a venture with other steelmakers, including Germany’s thyssenkrupp AG, Tata announced on Friday.
BlueScope Takes Union to Court Over Walk-Out
08 July 2016 - Australia’s BlueScope Steel Ltd. is suing a labor union for conducting a one-day walk-out in May, reports Australian public broadcaster ABC.
A Few Key Investments Allowed TimkenSteel's Return to High-Pressure Tubing Market, Company Says
07 July 2016 - TimkenSteel, which is re-entering the market for a type of high-pressure tubing necessary to make a plastic, says the move was made possible by a few key investments over the last 10 years.
Japanese Steelmaker Says It Has Created a New Steel That's 25% Stronger
07 July 2016 - Japan’s Nippon Steel & Sumitomo Metal Corp. says it has developed an automotive sheet steel with a tensile strength of 1,470 megapascals, stronger than any similar product on the market at present, reports the Nikkei Asian Review magazine.
In India, A New Steel Mill Comes to Life
06 July 2016 - Steelmaking facilities at Tata Steel’s new integrated mill in India have been successfully commissioned, according to machine and mill builder SMS group.
Essar Steel Minnesota Mineral Leases in Jeopardy
06 July 2016 - Essar Steel Minnesota has missed a deadline to reimburse the state of Minnesota US$66 million in incentives related to its stalled taconite mining project and now could lose its public mineral leases, reports the Minneapolis Star Tribune.
Nucor Awards US$900M Material Handling Contract
06 July 2016 - Kinder Morgan Inc. has signed a US$900 million agreement to provide bulk material handling services at five Nucor Corp. facilities, the company has announced.
Break-Up of Brazil's Usiminas an Option, Says Executive
06 July 2016 - One way to end the dispute between Brazilian steelmaker Usiminas’ controlling shareholders might be break apart the company, a top executive of one the shareholders said, according to the Reuters news service.
'Brexit' Puts the Brakes on Sale of Port Talbot Works
05 July 2016 - The uncertainty arising from the U.K.’s Brexit vote is prompting Tata Steel to pause the sale of its Port Talbot works, reports The (London) Sunday Times.
Lenders to Begin Looking at Restructuring Essar Steel Ltd. Debt
05 July 2016 - India’s indebted Essar Steel Ltd. has failed to find a taker for a majority stake in the business, and now its lenders are moving to begin debt restructuring talks, reports Indian business publication Mint.
