Steel News

Saudi Arabia, Russia Agree to Hold the Line on Oil Production, But With A Catch

16 February 2016 - Russia and Saudi Arabia have agreed to freeze oil production, but only if other major producers do so as well, according to media reports.

Danieli Lands Contract for Vietnamese Cold Rolling Mill

15 February 2016 - Danieli has won an order for a 2-stand cold reversing mill and a hot-dipped galvanizing line from Vietnamese galvanizer Ton Dong A.

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.

Paul Wurth Wins Order for Blast Furnace Equipment

12 February 2016 - SMS group subsidiary Paul Wurth has won a contract for two of its Bell Less Top charging systems, which are to be installed at a new Chinese ironmaking plant.

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.

Italy's Riva Group Moves to Block Sale of its Former Steel Facilities

08 February 2016 - The company that owned Europe’s largest steel works is trying to stop a government sale of the facility and others, according to Italian news agency ANSA.

Primetals to Supply Stainless Bar and Rod Mill

08 February 2016 - China’s Yongxing Special Stainless Steel Co. Ltd., has awarded a contract for a combination bar and wire rod mill to Primetals Technologies, the company has announced.

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.

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.

Acquisition Expands U.S. Galvanizer's Midwest Presence

02 February 2016 - U.S.-based AZZ Inc. is expanding its galvanizing capacity, acquiring Alpha Galvanizing Inc. for an undisclosed amount.

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.

EU Announces Anti-Dumping Duties on Chinese-Made Rebar

01 February 2016 - The European Commission is planning to impose anti-dumping duties of 9.2 and 13 percent on imports of Chinese-made, high-fatigue performance (HFP) rebar.

Steel Manufacturers Association Names New Board Leaders

29 January 2016 - Commercial Metals Co. senior vice president Tracy Porter has been elected chairman of the U.S.-based Steel Manufacturers Association.

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.

Mexican Steelmaker Orders Acid-Free "Pickling" Line

28 January 2016 - Mexico’s Talleres y Aceros has ordered an Eco Pickled Surface (EPS) descaling line to round out operations at its new mini-mill in the state of Veracruz.

More Layoffs Planned at Kentucky Tube Mill

28 January 2016 - TMK IPSCO has given notice that it intends to lay off 126 employees at its Wilder, Ky., tube mill.