Steel News

Coil Exports Begin Shipping From New Tata Steel Works

16 September 2016 - Tata Steel’s new Kalinganagar works has reached another milestone as ramps up operations, shipping its first hot-rolled coils for the export market.

Nucor Forecasts Rising Third-Quarter Earnings

15 September 2016 - Nucor Corp. said it expects to report third-quarter net earnings of between US$0.85 and US$0.90 per diluted share partly on account of improved profitability at its sheet mills and lessening pressure from imported products.

Amid Recession, Long Products Maker Gerdau Sending More Flat Steel Overseas

15 September 2016 - With the Brazilian economy in a deep recession, Gerdau SA is looking to sell flat steel into foreign markets, and is finding success.

Tyasa Puts New Cold-Rolling Mill on Order

13 September 2016 - Mexico’s Talleres y Aceros S.A. de C.V. has awarded a contract to Primetals Technologies for a new reversing cold rolling mill at its Ixtaczoquitlan, Veracruz, mini-mill.

Johnstown Wire Names New Chief Executive

12 September 2016 - A manufacturing executive with more than 30 years of experience has taken the helm of Johnstown Wire Technologies Inc.

Tata Steel Records First-Quarter Loss

12 September 2016 - Tata Steel lost US$475 million in the first quarter of its fiscal year, weighed down by a steep loss on its discontinued European long products business, which it sold earlier this year, the (London) Financial Times.

U.S. Announces Preliminary Duties on Stainless Sheet, Strip

12 September 2016 - The U.S. Commerce Department has set has set preliminary anti-dumping duties of 63.9 and 76.6 percent on stainless sheet and strip from China.

SAIL Records Fifth Straight Quarterly Loss, Forecasts Increasing Steel Demand

09 September 2016 - India’s largest steelmaker lost US$81 million in the first quarter of its fiscal year, but is forecasting increasing demand and is advancing plans to boost capacity, reports the Bloomberg news service.

Commerce Department Proposes Big Countervailing Duty on Chinese-Made Plate

08 September 2016 - The U.S. Commerce Department has set preliminary countervailing duties of 210.5 percent on Chinese-made cut to length plate, ruling that producers there have been benefitting from unfair government subsidies.

voestalpine Looks for Additional Operational Savings

08 September 2016 - voestalpine chief executive Wolfgang Eder said the company is planning to undertake additional measures aimed at improving operational efficiencies, reports the Reuters news service.

AK Steel Finishing Up Work on New R&D Center

02 September 2016 - AK Steel Corp. is nearing completion on its US$36 million research center in Ohio and expects to begin moving in employees this fall, reports the Dayton (Ohio) Daily News.

thyssenkrupp Engages Labor on European Steel Restructuring

01 September 2016 - thyssenkrupp and labor representatives have agreed to establish a task force that is to discuss, among other things, whether the company needs to merge steelmaking operations with others, according to the Reuters.

For Dongkuk Steel, The Technology Race Comes to a Photo Finish

31 August 2016 - South Korea’s Dongkuk Steel said it has developed inkjet printing technology designed specifically for printing on steel sheets, reports BusinessKorea.

Workers Protest Potential Merger of thyssenkrupp, Tata European Operations

31 August 2016 - Steel workers at Germany’s thyssenkrupp staged a rally on Wednesday to protest the potential merger of the company’s European steel division with Tata Steel’s European unit, reports the Reuters news service.

Hebei Iron & Steel Begins Boosting Sales, Production at Serbian Mill

30 August 2016 - Nearly two months after acquiring Serbia’s ailing Železara Smederevo steel works, Hebei Iron & Steel has managed to lift the facility’s monthly sales and is targeting 1.7 million tons of production in 2017, reports Xinhua, China’s official news agency.

Vietnamese Steelmaker Announces Plans for Mammoth US$10.6B Works

30 August 2016 - Vietnam’s Hoa Sen Group plans to build a giant US$10.6 billion steel works whose targeted capacity would exceed the country’s total production in 2015, reports the online VN Express News.

POSCO Product Wins Top Government Honor

29 August 2016 - A POSCO product designed to cut noise between floors in apartment buildings has been recognized with a Jang Young Sil award, South Korea’s top honor for industrial technology.

Magnetation Planning to Wind Down Operations

29 August 2016 - AK Steel Corp. will pay up to US$37.5 million to end its pellet supply agreement with its joint venture pellet producer, Magnetation LLC, which will begin to wind down its remaining operations unless it finds a buyer or new financing.

ArcelorMittal Plans Improvements to Jumbo Beam Mill

29 August 2016 - Danieli has won an order for upgrades to the finishing end of ArcelorMittal’s jumbo beam mill in Luxembourg, the equipment manufacturer has announced.

Cliffs Natural Resources, Steelworkers Shake Hands on New Labor Agreement

26 August 2016 - North American iron ore miner Cliffs Natural Resources Inc. has reached a tentative labor agreement with the United Steelworkers union, the company announced on Friday.