Steel News

Tata Steel Might Be Considering Blast Furnace Reline at Welsh Plant

13 February 2018 - Tata Steel reportedly is considering a GBP75 million reline of a blast furnace at its Port Talbot Works in Wales, reports The (London) Telegraph.

Essar Steel Attracts Offer from World's Leading Steel Producer

12 February 2018 - ArcelorMittal has laid an offer on the table for distressed flat-rolled producer Essar Steel India, the company disclosed on Monday.

ArcelorMittal Awards Strip Mill Contract to Primetals Technologies

09 February 2018 - Primetals Technologies has won an order for a hot strip mill and a hot skinpass mill from ArcelorMittal Mexico, the equipment supplier has announced.

Florida County Approves Tax Abatement for US$227 Million Nucor Project

08 February 2018 - Nucor Corp. has been awarded a local property tax exemption for a US$227 million project, according to The (Lakeland, Fla.) Ledger.

Severstal to Light a New Blast Furnace in 2022

07 February 2018 - Russia’s PAO Severstal said it plans to build a RUB28 billion (approximately US$486.6 million) blast furnace at its Cherepovets steel works.

Report: ArcelorMittal Divests Stake in Indian Steelmaker

07 February 2018 - ArcelorMittal is cashing out its stake in India’s Uttam Galva, freeing it to bid on troubled steel assets elsewhere in the country, reports India’s Business Standard.

thyssenkrupp Workers OK Joint Venture Labor Deal

06 February 2018 - Rank-and-file members of German labor union IG Metall have overwhelmingly approved a labor agreement on the proposed joint venture between Tata Steel’s European strip business and thyssenkrupp’s steelmaking business.

U. S. Steel Sets Temporary Leadership for Tubular Business

05 February 2018 - United States Steel Corporation has named senior vice president Douglas R. Matthews as the interim head of its tubular business.

Europe Has a Big Overcapacity Problem, voestalpine Executive Says

05 February 2018 - About 20% of Europe’s steelmaking capacity is redundant, and companies should look to close mills while re-orienting themselves toward greater production of higher-end steel, voestalpine AG chief executive Wolfgang Eder tells The (London) Financial Times.

Report: Nucor Eyes Sunshine State for US$227 Million Investment

05 February 2018 - Nucor Corp. reportedly is considering building a US$227 million facility in central Florida, according to The (Lakeland, Fla.) Ledger.

ANDRITZ Accepts Order for French Galvanizing Line Furnace

05 February 2018 - ArcelorMittal Atlantique & Lorraine S.A.S. has ordered a direct-fired furnace from the ANDRITZ technology group in support of a EUR67 million coating line conversion.

U. S. Steel Posts Quarterly, Yearly Profit

01 February 2018 - United States Steel Corporation returned to full-year profitability in 2017 as the iconic Pittsburgh steelmaker recorded net earnings of US$387 million.

AK Steel Completes Mill Upgrades, Explains Cause of Steel Spill

31 January 2018 - AK Steel recently completed US$26 million in upgrades to its Mansfield and Middletown works in Ohio, bringing the projects in on time and without incident, executives reported on Tuesday.

GrafTech Names U. S. Steel SVP as Chief Executive

31 January 2018 - Steel industry veteran and United States Steel Corporation executive David J. Rintoul has been named president and chief executive of electrode manufacturer GrafTech International Ltd.

Gerdau Reaches Deal to Sell Texas Mill

31 January 2018 - Looking to focus more on its value-added business, Gerdau SA said Wednesday that it is divesting its Beaumont, Texas, USA, wire rod mill and two downstream facilities.

Nucor Earnings Rise on Increased Shipments, Prices

30 January 2018 - Nucor Corp. saw its full-year profits rise 66% to US$1.3 billion, owing in part to higher steel prices and increased shipments, the steelmaker reported on Tuesday.

Gerdau Upsizes Blooms at Michigan Mill

29 January 2018 - In an effort to improve steel cleanliness and better serve customers, Gerdau’s special bar quality mill in Monroe, Mich., USA, plans to begin producing 240-mm square blooms this fall.

Report: Steel Giants Team Up in Bid for Indian Manufacturer

29 January 2018 - Nippon Steel & Sumitomo Metal Corp. and ArcelorMittal are going in together on a bid for India’s Essar Steel, reports The (India) Economic Times.

ATI Joint Venture Initiates Sheet Production

25 January 2018 - Stainless and specialty alloys manufacturer Allegheny Technologies Inc. (ATI) has made some early production runs of stainless sheet produced through its joint venture with China’s Tsingshan Group.

Canadian Plant Targets 100K Ton Lift in Capacity Through Capital Upgrades

25 January 2018 - ArcelorMittal Long Products Canada will invest nearly CA$70 million (approximately US$56.8 million) in its Contrecoeur, Que., facilities over the next three years, the company has announced.