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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
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.
NLRB: Allegheny Technologies Bargained in Bad Faith
15 February 2016 - America's National Labor Relations Board (NLRB) has filed a formal complaint against stainless manufacturer Allegheny Technologies Inc., accusing it of bargaining in bad faith with the United Steelworkers union.
U.S. Stainless Producers Launch Trade Case Against China
12 February 2016 - Four U.S. stainless sheet and strip producers have filed a trade complaint against China, alleging that their overseas counterparts are dumping steel and undercutting domestic prices.
Texas, Louisiana Mini-Mills on the Sales Block, ArcelorMittal Confirms
08 February 2016 - In addition to its U.S. rail mill in Steelton, Pa., ArcelorMittal has put two other long products mini-mills on the market – its Vinton mini-mill near El Paso, Texas, and the other in LaPlace, La.
Harsco Signs $125M Agreement with Chinese Plate Mill
05 February 2016 - Harsco Corp. has landed a 15-year, US$125 million contract to provide additional mill services at Hebei Iron & Steel Group’s Tangshan plate mill, the company has announced.
ArcelorMittal Posts US$7.9B Loss in 2015
05 February 2016 - ArcelorMittal, the world’s largest steelmaker, lost US$7.9 billion in 2015 on lower prices and large write-downs in its iron ore business.
Write-downs, Restructuring Costs Help Push Tata Steel's Q3 Earnings into the Red
04 February 2016 - Tata Steel Ltd. lost Rs 2,127 crore in its third quarter as it continues to face low prices and competition from imports.
As Power Prices Rise and Steel Prices Fall, ArcelorMittal Considers Future of South African Mill
04 February 2016 - ArcelorMittal’s South African division said it expects to record a headline loss of 1,250 cents per share in 2015 and is rethinking its investment in its ultrathin hot rolled coil mill along the country’s west coast.
Steel Shortage Forces Toyota to Temporarily Halt Production in Japan
03 February 2016 - The world’s leading automaker plans to halt all of its domestic assembly lines next week because of a parts shortage, which was brought on by an accident at an affiliated steel mill.
ArcelorMittal Might Part With U.S. Rail Mill and Other Long Products Facilities
03 February 2016 - ArcelorMittal, the world’s largest steelmaker, is considering a sale of its Pennsylvania, USA, rail mill, along with other U.S. long steel assets.
Upgrades to ThyssenKrupp Hot Strip Mill Pass Acceptance Test
02 February 2016 - ThyssenKrupp Steel Europe AG has signed off on upgrades to the intensive cooling section at a hot strip mill in Germany.
United Steelworkers Rank-and-File Accept Labor Agreement With U. S. Steel
01 February 2016 - The United Steelworkers union has ratified a three-year labor contract with United States Steel Corporation, the union has announced.
Japan's No. 1 Steelmaker Looks to Acquire Rival Nisshin Steel
01 February 2016 - Two of Japan’s largest steelmakers are planning to combine as they try to ride out the low prices brought on by excess capacity.
Nucor 2015 Profits Fall; Underperforming Joint Venture Contributes to 4Q Loss
29 January 2016 - U.S.-based Nucor Corp. saw its 2015 profits fall 39 percent on account of lower prices and declining shipments.
U. S. Steel Posts US$1.5B Loss in 2015
27 January 2016 - 2015 will go down as a significant year for United States Steel Corporation, but for the wrong reasons: the integrated steelmaker posted a net loss of US$1.5 billion on the year, illustrating the difficult market conditions the company and other steelmakers are facing.
Accounting Charges, Mill Idling Costs Help Sink AK Steel's 2015 Earnings
26 January 2016 - Although sales and shipments rose in 2015, U.S.-based AK Steel Corp. lost US$510.7 million on the year after writing off investments in its iron ore and incurring costs to idle its Ashland, Ky., steel works, the company has announced.
Steel Dynamics, Mississippi Officials Mark Start of Plant Expansion
25 January 2016 - U.S.-based Steel Dynamics Inc. (SDI) has broken ground on the company’s new paint line and Galvalume production facility at its Columbus, Miss., USA, plant.
Quebec Considers Public Investment in Tata Steel Ore Project
22 January 2016 - The Canadian province of Quebec has signed an agreement in principle with Tata Steel to buy into the company’s direct shipping ore project in the Labrador Trough, reports La Presse Canadienne news service.
India Steps Back From POSCO Mill Project
22 January 2016 - The Indian government has set aside plans to establish a steel mill in partnership with South Korea’s POSCO, and will now focus on other projects with ArcelorMittal, reports The Times of India.
Environmental Concerns Prompt Closure of Major Iron Ore Terminal in Brazil
22 January 2016 - A Brazilian court has ordered one of the world’s primary iron ore import-export terminals to shut down owing to recurring pollution problems.
