Steel News

U.S. Manufacturers Benefiting From Factory Construction

08 May 2023 - Inflation and rising interest rates are top of mind for many businesses, but U.S. steel producers and other manufacturers have another concern — just keeping up with orders.

Forecast: Global Steel Demand to Rise 2.3% in 2023

19 April 2023 - The World Steel Association (worldsteel) has revised up is bi-annual demand outlook, saying that global demand is expected to reach 2.3% this year.

Borusan Mannesmann Looks to Expand OCTG Market Share Through U.S. Acquisition

13 April 2023 - U.S. large-diameter line pipe maker Berg Pipe has been sold to Turkey’s Borusan Mannesmann for US$162 million, according to an announcement Thursday.

Survey: North American Steel Demand Expected to See Modest Gains

12 April 2023 - Steel industry senior executives believe demand will increase modestly over the next three to five years, inflation to moderate, and imports volumes to remain more or less the same, according to an annual survey conducted by corporate finance and strategic advisory firm Headwall Partners.

EVRAZ North America Announces H2 Line Pipe Qualification

11 April 2023 - EVRAZ North America (ENA) has received qualification for a high-strength, high-frequency welded (HFW) line pipe designed for hydrogen transmission, the company has announced.

New CMC Micro-Mill Nears Start of Commissioning

06 April 2023 - Commercial Metals Company (CMC) is set to begin commissioning its new Arizona micro-mill later this spring and anticipates receiving a key environmental permit for its planned West Virginia mill in the coming months, according to chief executive Barbara R. Smith.

U. S. Steel Returns Idled Blast Furnace to Service

20 March 2023 - Improving demand and rising prices have prompted United States Steel Corporation to restart an idled blast furnace.

Nucor Anticipates Profitable Q1

16 March 2023 - Nucor Corp. is expecting a softer first-quarter profit, but said its steelmaking, steel products and raw materials businesses are nevertheless off to a strong start in 2023.

OECD Steel Committee: Big Capacity Growth, but Little Demand Growth in 2023

15 March 2023 - Global steel demand will grow by a mere 1% in 2023, far outpaced by growth in steelmaking capacity, according to the Organisation for Economic Co-operation and Development (OECD)’s steel committee.

Steel Dynamics Sees Healthy Steel Demand, Expects Profitable Q1

15 March 2023 - Steel Dynamics Inc.'s first-quarter earnings are likely to dip roughly 3%, but the company says demand in its steel, scrap and fabricated products businesses remains strong.

The World’s No. 2 Met Coal Exporter is Spinning Off Its Coal Mines. Here’s Why.

23 February 2023 - Canadian miner Teck Resources Ltd. is splitting off its metallurgical coal business into a separate public company that will be owned in part by two of its biggest steelmaking customers, the company has announced.

U. S. Steel Restarts Idled Mon Valley Works BF

06 February 2023 - Increasing demand has prompted United States Steel Corporation to restart the No. 3 blast furnace at its Mon Valley Works in Pennsylvania.

The World Made Less Steel in 2022. Here’s How Much Output Fell.

01 February 2023 - Global crude steel production declined 4.2% in 2022, according to the World Steel Association (worldsteel).

Swedish Producer Restarts Blast Furnace

01 February 2023 - SSAB has joined the list of European steel producers who have relit idled blast furnaces in recent weeks, reports Fastmarkets MB.

SDI Achieves Record Profitability in 2022

25 January 2023 - 2022 was a banner year for Steel Dynamics Inc. as the U.S. steelmaker posted record net sales, profits and shipments.

CMC Sees Spring Start for Arizona Micro-Mill

12 January 2023 - Long products maker Commercial Metals Company (CMC) is building out crews and training them as it begins commissioning equipment at its new Arizona micro-mill, the company’s chief executive said Monday.

Lower Prices, Shipments Likely to Dent Algoma Q3 Earnings

11 January 2023 - Canada’s Algoma Steel Inc. said Tuesday it expects to report a fiscal Q3 adjusted loss before interest, taxes, depreciation and amortization of between CA$35 million and CA$45 million due to lower plate shipments, softer steel prices and routine, seasonal maintenance work.