Steel News

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.

The Gears Turn, and TimkenSteel Unveils a New Line of Steel

24 October 2017 - TimkenSteel has introduced a new line of special bar quality steels that combine strength and toughness.

Sandvik Lands Order for Offshore Tube

24 October 2017 - Sweden’s Sandvik has bagged an order for 250 km worth of undersea tubing to connect a development area to an offshore platform.

Imports Dampen Nucor Earnings

20 October 2017 - Nucor Corp. saw its third-quarter profits reduced by 12% as import pressures prevented it from recovering rising raw material costs, the steelmaker said Thursday .

SSAB Leaving the Rust Belt for the Sun Belt

19 October 2017 - Swedish steelmaker SSAB will move its North American headquarters from the U.S. state of Illinois to Mobile, Ala., bringing it closer to its plate mill there, the company announced Thursday.

Steel Imports, Refinancing Mute Steel Dynamics' Q3 Profits

19 October 2017 - Third-quarter profits at Steel Dynamics Inc. slipped 2.5% on costs associated with debt refinancing and competition from imports, which limited price increases, the company announced Thursday.

U.S. Government Makes Inquiry Into Kobe Steel Scandal

18 October 2017 - The Kobe Steel quality-data scandal has caught the attention of the U.S. Justice Department, which has requested records related to any defective material sold in the U.S., according to The New York Times.

JSW Steel Eyes Italian Long Products Producer

18 October 2017 - India’a JSW Steel Ltd. is in the market for European opportunities and may be lining up to buy Italy’s Aferpi.