Steel News

Optima Specialty Steel Exits Chapter 11 Bankruptcy

17 November 2017 - Optima Specialty Steel Inc., a U.S.-based manufacturer of special bar quality steel, cold-drawn pipe and tube and other specialty products, has emerged from Chapter 11 bankruptcy with a new executive at the helm and a new name.

Cleveland-Cliffs COO Announces December Retirement

17 November 2017 - P. Kelly Tompkins, chief operating officer at iron ore miner Cleveland-Cliffs Inc., has announced that he will retire at the end of the year.

Steelworkers Again Reject TimkenSteel Labor Agreement

17 November 2017 - Union employees at TimkenSteel Corp.’s Canton, Ohio, USA, facilities have rejected a tentative labor agreement for the second time in as many months.

Nucor Plans US$180 Million Investment in Illinois Bar Mill

16 November 2017 - Nucor Corp. said it selected a site for its planned merchant bar expansion, choosing its Bourbonnais, Ill., USA, rebar plant for the US$180 million investment.

TimkenSteel, United Steelworkers Reach Tentative Labor Deal

13 November 2017 - Three weeks after unionized workers at TimkenSteel’s Canton, Ohio, USA, facilities rejected a four-year labor agreement, the company and union negotiators have come to terms on a revised deal.

Healthier Markets Push Up Gerdau's Q3 Profits

13 November 2017 - Rising shipments and increased and sales, along with a companywide effort to reduce costs, lifted Gerdau SA’s third-quarter profits by 53%, the company reported.

ArcelorMittal Allots Nearly US$300 Million for 2018 Capital Projects

13 November 2017 - ArcelorMittal USA is budgeting for US$276 million in capital spending for next year, with much of that being set aside for its integrated mills in northern Indiana, reports The Times newspaper of northwest Indiana.

Improved Market Lifts ArcelorMittal's Q3 Profits

10 November 2017 - The world’s largest steelmaker saw its third-quarter profits rise 75% on higher sales and shipments, ArcleorMittal reported on Friday.

SunCoke Energy Appoints Seasoned Steel Executive to its Helm

10 November 2017 - A veteran steel industry executive will succeed SunCoke Energy Inc. chairman and chief executive Frederick “Fritz” A. Henderson, who announced on Friday that he will retire at the end of the month.

Competition Worries Prompt EU to Take Closer Look at ArcelorMittal-ILVA Deal

08 November 2017 - Competition regulators at the European Commission are taking a closer look at ArcelorMittal’s plan to acquire Italy’s ILVA, fearing that the deal may lead to higher prices for hot-rolled, cold-rolled and galvanized flat products, especially in southern Europe.

TimkenSteel Puts New Heat Treat Facility Into Service

03 November 2017 - Ohio-based TimkenSteel has commissioned its new US$40 million heat treat plant and has begun processing orders, the company has announced.

Stelco Makes Stock Market Debut

03 November 2017 - Canada’s Stelco returned to the public markets on Friday and raised the equivalent of US$157 million through its initial public offering, according to the Bloomberg news service.

Allegheny Technologies Establishes Stainless Sheet Joint Venture

02 November 2017 - U.S.-based Allegheny Technologies Inc. (ATI) is forming a joint venture with the world’s largest stainless producer to make and distribute 60-inch stainless sheet in North America.

U. S. Steel Reports Third Quarter Profit of $147M

02 November 2017 - United States Steel Corp. nearly tripled its third-quarter profits on higher average prices and improved shipments, the company reported.

Sandvik Hires a New President, Divests Welding Wire Business

30 October 2017 - Sandvik Materials Technology has named a current executive as its new president, the company said on Monday.

Nucor Wins High-Level Supplier Recognition from Customer

30 October 2017 - Heavy equipment manufacturer Caterpillar Inc. has given Nucor Corp.'s special bar quality mill in Tennessee its highest rating under its supplier quality program, the steelmaker said on Monday.

Commercial Metals Expands Product Lineup Through Acquisition

27 October 2017 - Commercial Metals Company (CMC) has acquired MMFX Technologies Corp., which licenses proprietary rebar grades, for an undisclosed amount.

ArcelorMittal Awards Contract for Caster Rebuild

27 October 2017 - SMS group has won a contract to rebuild the No. 2 slab caster at ArcelorMittal Asturias’ plant in Avilés, Spain, the equipment supplier has announced.

New Cold Mill Put Into Service at Turkish Mill

24 October 2017 - Turkish joint venture producer Tosyali-Toyo Celik has fired up a new rolling complex that is producing cold-rolled tinplate and hot-dip galvanized and painted sheets.

Danieli Contracted for Slab Caster Upgrade

24 October 2017 - Danieli has been awarded a contract to overhaul the No 2. slab caster at ArcelorMittal Tubarão, the steelmaker’s flat-rolled plant in Serra, Brazil.