Steel News

Hyundai Steel Signs Off on Bar Mill Upgrade

10 August 2016 - South Korea’s Hyundai Steel has issued the final acceptance certificate for a new 3-roll sizing mill at its bar mill in Pohang, according to the contractor on the project.

A New Offer Emerges for U. S. Steel Canada

09 August 2016 - An entity that includes shareholders of India’s Essar Global said it has made a formal, binding offer for U. S. Steel Canada, which is operating under creditor protection while it attempts to find a buyer.

Commerce Department Sets Duties on Hot Rolled Coil Imports

08 August 2016 - The U.S. Commerce Department will impose anti-dumping duties of between 3.7 and 34.3 percent on hot rolled coil from seven countries, the department has announced.

Keystone Acquires South Carolina PC Strand Manufacturer

08 August 2016 - Keystone Consolidated Industries Inc. has acquired pre-stressed concrete (PC) strand maker Strand-Tech Martin Inc. for an undisclosed amount.

Primetals Bags Contract for New BOF in Germany

04 August 2016 - ArcelorMittal’s Ruhrort plant in Germany has ordered a new basic oxygen furnace (LD converter) from Primetals Technologies. According to Primetals, the 150-metric-ton converter will replace an existing converter, designated as K2.

Report: China Weighing Plan to Combine Steelmakers

02 August 2016 - Chinese officials are thinking about consolidating some of the country’s largest steelmakers into two behemoth companies, according to the Bloomberg news service.

Steel Dynamics Completes US$114M Vulcan Acquisition

02 August 2016 - Steel Dynamics Inc. has finalized its acquisition of threaded rod manufacturer Vulcan Threaded Products Inc., the company has announced.

Baosteel Starts Up Continuous Galvanizing Line

28 July 2016 - A new continuous galvanizing line at China’s Baosteel Zhanjiang Iron & Steel Co. Ltd. has processed its first coil.

U. S. Steel Records Another Loss, But Sees Better Results Ahead

27 July 2016 - United States Steel Corp. lost US$46 million in the second quarter due in part to losses in its tubular division, but the steelmaker said it expects conditions to continue to improve for its other businesses during the second half of the year.

ArcelorMittal Names New North American Chief Executive

27 July 2016 - ArcelorMittal veteran Robrecht Himpe has been named chief executive of ArcelorMittal North America, the steelmaker has announced.

Commerce Department Clears the Way for Anti-Dumping Duties on Cold Rolled Steel

22 July 2016 - The U.S. Commerce Department has set final anti-dumping margins of between 1 percent and 35.4 percent on cold rolled steel from five countries – Brazil, Korea, Russia, India and the United Kingdom.

ArcelorMittal Awards Contract for Coke Oven Rebuild

22 July 2016 - Engineering firm Paul Wurth has been tapped to rebuild the coking plant at ArcelorMittal’s integrated Gijon works in Spain, the company has announced.

POSCO Earnings Miss Analysts' Estimates

22 July 2016 - POSCO recorded an operating profit of US$597.7 million between April and June, falling short of analysts’ expectations, according to the Reuters news service.

Nucor Executives See Much Potential in Texas Plate Mill Acquisition

21 July 2016 - Nucor executives are upbeat about the company’s US$29 million investment in a Texas plate mill, saying it is a well-run, well-equipped facility that will give Nucor access to new value-added niche markets.

U. S. Steel Revises Injury Reporting Policy

21 July 2016 - United States Steel Corp. is changing its injury-reporting policy to allow workers to give notification after they’ve realized an injury has occurred, the United Steelworkers union has announced.

Nucor's Profits Rise in Second Quarter

21 July 2016 - Nucor Corp.’s second-quarter profit rose to US$233.8 million on and improving supply-side conditions, the company reported Thursday.

Nucor Expands Plate-Making Capabilities Through Acquisition

20 July 2016 - Nucor Corp. is acquiring a plate mill from a mining equipment manufacturer for about US$29 million, the steelmaker announced on Thursday.

British Steel Names Industry Veteran as Top Executive

20 July 2016 - Roland Junck, who once oversaw ArcelorMittal, has been named executive chairman of the new British Steel, the U.K. steelmaker announced on Thursday.

SDI Looks for New Paint Line to Start in Early 2017; Wins Quality Certification for Premium Rail

19 July 2016 - Construction of a new paint line at Steel Dynamics Inc.’s Columbus, Miss., plant is on budget and on schedule, chief executive Mark Millet said on Tuesday.

Big Data Yields Bigger Savings for Russia's MMK

19 July 2016 - A data science firm said it has helped Russia’s Magnitogorsk Iron and Steel Works (MMK) save more than 3 million annually in steelmaking costs by applying predictive analytics to years of production data.