Steel News

Liberty House Adds Four European Steel Plants to Growing List of Assets

12 October 2018 - Sanjeev Gupta’s Liberty House Group has signed an agreement to buy four ArcelorMittal facilities in Europe, an acquisition that will double its rolling capacity to more than 15 million metric tons annually.

United Steelworkers Ratify Cleveland-Cliffs Labor Deal

12 October 2018 - Union workers at iron ore miner Cleveland-Cliffs Inc. have ratified a four-year labor agreement with the company.

Primetals Technologies Announces Improvements to Michigan Service Shop

12 October 2018 - Primetals Technologies has upgraded its Benton Harbor, Mich., USA, service workshop, making enhancements that will allow it meet increased demand for continuous caster mold refurbishments.

U. S. Steel Blast Furnace Once Again Making Hot Metal

11 October 2018 - Roughly four months after restarting the B furnace at its Granite City Works in Illinois, United States Steel Corporation has brought back up the facility’s A furnace.

Paul Wurth Completes Expedited Repair of Italian Blast Furnace

09 October 2018 - Blast furnace specialist Paul Wurth recently completed a fast-track repair at the Arvedi Group’s Siderurgica Triestina plant in Trieste, Italy.

Motion Industries Closes on Deal to Acquire Hydraulics Distribution Business

09 October 2018 - Industrial parts supplier Motion Industries Inc. has completed its acquisition of hydraulics and pneumatics distributor Hydraulic Supply Co., the company said on Monday.

Revamped Cold Mill Runs Its First Coil

08 October 2018 - China’s Masteel has completed upgrades to a reverse cold mill at its Maanshan plant in the Anhui province and has begun producing coils, reports the equipment supplier on the project.

SSAB to Revamp Tube Operations

05 October 2018 - SSAB Europe will close one tube mill and upgrade another as part of a plan to reposition its tube business, the company said on Friday.

USW Members Approve Labor Contract at Universal Stainless Mill

05 October 2018 - Hourly employees at Universal Stainless & Alloy Products Inc.’s Bridgeville, Pa., USA, mill have ratified a new labor agreement, the steelmaker has announced.

SMS group Receives Final OK on Bar Mill Improvements

05 October 2018 - Spain’s Sidenor Aceros Especiales has signed the final acceptance certificate on upgrades to a bar mill at its Basauri plant, reports the equipment supplier on the project.

Nucor Retrofits Overhead Cranes with Emergency Brakes

05 October 2018 - Industrial brake manufacturer Pintsch Bubenzer recently has received several orders from Nucor Corp. for retrofit emergency brakes on electric overhead traveling cranes, the company has said.

Swedish JV Picks Tenova Technology for Planned Hydrogen-Based DRI Plant

03 October 2018 - A joint venture that is building a pilot-scale, hydrogen-based steel mill has selected Tenova to supply key components for the facility’s direct-reduction plant.

Tata Steel Hopes to Boost Production at Former Bhushan Steel Plant

02 October 2018 - Tata Steel is aiming to lift the capacity utilization of a newly acquired integrated sheet mill by at least 14% over the next six months.

Primetals Technologies Wins Contract for SBQ Mill Upgrades

27 September 2018 - Gerdau Special Steel North America has chosen Primetals Technologies to modernize the electric arc furnace at the steelmaker’s plant in Monroe, Mich., USA, and install a new twin-ladle furnace there.

Tata Expands Capacity With Usha Martin Acquisition

24 September 2018 - Indian wire rope manufacturer Usha Martin Ltd. is divesting its special steel plant and other upstream assets to Tata Steel for the equivalent of between US$589.6 million and US$644.5 million, the company has announced.

China Steel Executive Expects to See Iron Ore Demand Flatten Due to Scrap Displacement

21 September 2018 - China bought more than 1 billion metric tons of iron ore last year, but demand will likely plateau as a governmental push to reduce pollution drives a conversion in production routes, the Reuters news service reports.

Salzgitter Plate Mill Marks the Start of Work on New Processing Line

19 September 2018 - Salzgitter AG subsidiary Ilsenburger Grobblech GmbH has broken ground on a EUR150 million heat treat line, marking the start of a project that Salzgitter says is the single largest investment in the heavy plate mill’s history.

Zekelman Industries Halts Initial Public Offering

19 September 2018 - Pipe and tube maker Zekelman Industries has postponed its planned US$750 million initial public offering, saying that its shares weren’t fetching the price it had hoped for, reports the Windsor (Ontario) Star.

South Korean Steelmaker Slates Bar Mill Improvements

18 September 2018 - South Korea’s Daehan Steel Co. Ltd. has contracted SMS group to replace a bar mill quenching line at its Sinpyeong works and make other improvements, the equipment supplier has announced.

Steel Dynamics Takes the Keys to Closed Bar Mill, Eyes November Restart

18 September 2018 - Steel Dynamics Inc. has finalized its acquisition of shuttered Kentucky Electric Steel for US$5 million and plans to reopen the facility in November.