Steel News

Universal Stainless' Net Sales Expected to Drop 19 Percent

16 October 2015 - Specialty steelmaker Universal Stainless & Alloy Products Inc. said that it expects to record a third-quarter loss of US$2.40 to US$2.45 per share, partly on account of costs associated with throttling back production.

AK Steel Temporarily Idles Kentucky Steel Works

16 October 2015 - U.S.-based AK Steel Corp. is idling the blast furnace and other steelmaking operations at its Ashland Works in Kentucky, the company has announced.

Court to Reconsider Whether 'Secret' Deal Between U. S. Steel, Canadian Government Can Be Made Public

15 October 2015 - The Canadian courts will be taking a look at whether a 4-year-old deal between United States Steel Corporation and the Canadian government can remain confidential.

SSAB Rolling Out New Advanced Steels

14 October 2015 - SSAB is introducing several new steel grades intended for the automotive industry, the Swedish steelmaker has announced.

Out of Money and Out of Time, British Steel Works Shuts Down

13 October 2015 - The coke ovens and blast furnace at Sahaviriya Steel Industries’ (SSI)idled Redcar works in England are being shut down permanently, bringing to an end to nearly 100 years of steelmaking at the site.

Indian Blast Furnace Restarted Following Accident

12 October 2015 - JSW Steel’s Salem works in Mecheri, Tamil Nadu, India, has restarted operations after being ordered closed following an accident in September, according to reports.

Judge OKs U. S. Steel's Divorce From Its Canadian Operation

12 October 2015 - A Canadian judge has approved the split between United States Steel Corporation and its Canadian subsidiary, U. S. Steel Canada Inc. (USSC).

Italian Steelmaker Accepts Furnace Efficiency Upgrade

09 October 2015 - Italy’s Industrie Riunite Odolesi SpA has signed off on upgrades to an electric arc furnace, the vendor on the project has announced.

Analyst: Despite Cost-Cutting Measures, Steel Works Unlikely to Remain Open

09 October 2015 - Wage freezes and layoffs will delay, but likely won’t prevent, the eventual closure of BlueScope Steel Ltd.’s Port Kembla works, according to a Deutsche Bank analyst.

ArcelorMittal Plans Upgrades to Canadian Bar Mill

09 October 2015 - ArcelorMittal Montreal will spend CA$27 million to update the finishing line at its Longueuil bar mill, boosting the mill's capacity by 25%, the company has announced.

Research Team Awarded Inaugural T.C. Graham Prize

08 October 2015 - A team of Canada-based researchers has been awarded the Association for Iron & Steel Technology’s inaugural T.C. Graham Prize, the association has announced.

U. S. Steel Canada May Be Split From American Parent

08 October 2015 - U. S. Steel Canada Inc. (USSC) may once again become an independent business, if an Ontario court approves an agreement on the future of the former Stelco operation.

New BOF Put Into Service at JSW Steel Works

08 October 2015 - India’s JSW Steel Ltd. has installed a new basic oxygen furnace (LD) at its Vijayanagar works in Toranagallu, Karnataka, according to the contractor on the project.

Unions Agree to Wage Freeze, Job Cuts at Australian Steel Works

08 October 2015 - Employees at an Australian steel works have accepted concessions in a bid to keep the operation afloat.

Bull Moose Tube Undertakes Second Round of Expansion at U.S. Mills

07 October 2015 - U.S.-based Bull Moose Tube Co. is expanding capacity at sprinkler pipe mills in Ohio and Arizona, the company has announced.

ArcelorMittal Transferring Algerian Operations to State-Owned Company

07 October 2015 - The world’s largest steelmaker is exiting Algeria and handing over its shares in steel mills and mines there to the Algerian government.

U. S. Steel Considers Idling Flat Rolled Plant

07 October 2015 - United States Steel Corporation is thinking about consolidating its North American flat rolled division and has given notice that it may temporarily idle its Granite City Works in Illinois, according to reports.

U. S. Steel Canada Can’t Afford Pension Contributions, Court Monitor Says

06 October 2015 - The court-appointed monitor in U. S. Steel Canada's (USSC) creditor protection case is supporting the company's request to halt pension plan contributions and retiree benefits, but is opposing parent United States Steel Corporation's request to cease providing ministrative and support services for the company.

Thailand’s SSI Enters Bankruptcy, Liquidates British Steel Works

06 October 2015 - Thailand's top steelmaker has declared bankruptcy as it liquidates its U.K. steel division.

Danieli Wins Order for Pakistani MicroMill

05 October 2015 - A Jordanian steel company has placed an order for a Danieli MicroMill as it looks to expand in the Asian markets, Danieli has announced.