Steel News

U.S. Trade Commission Upholds Duties on Corrosion-Resistant Steel

27 June 2016 - The U.S. International Trade Commission has affirmed that domestic producers are being harmed by imports of corrosion-resistant steel from five countries, including China.

Brexit Leaves Fate of Tata Steel U.K. All the More Uncertain

27 June 2016 - The United Kingdom’s vote to secede from the European Union will complicate Tata Steel's efforts to sell its U.K. strip business and may, in fact, give the company more of a reason to hold on to the business, according to reports.

Steelworkers Accept Three-Year Labor Agreement with ArcelorMittal

23 June 2016 - The United Steelworkers union has ratified a three-year labor deal with ArcelorMittal USA, the union announced on Thursday.

U.S. Cold Rolled Producers Injured by Imports, U.S. Trade Commission Finds

22 June 2016 - American producers have been harmed by unfairly traded imports of cold rolled sheet from China and Japan, the U.S. International Trade Commission ruled on Wednesday.

U.S. Steel Canada, Essar Algoma Mills Won't Shut in Proposed Merger, Says Investment Firm

22 June 2016 - The investment firm planning to buy Canada’s Essar Steel Algoma has confirmed that it also is bidding on U.S. Steel Canada and intends to merge the two steelmakers, reports The (Toronto) Globe and Mail newspaper.

Nippon Steel Marks Start of Construction on U.S. Processing Plant

22 June 2016 - Nippon Steel & Sumitomo Metal Corp. has broken ground on a US$50 million wire rod processing plant in the state of Indiana.

Tata Steel Might Break Up U.K. Business

20 June 2016 - Tata Steel announced in March that it would look to exit the United Kingdom and sell its strip business there, saying that it no longer saw a profitable future for the operation. Later, though, reports emerged that it may hold onto the business after all.

Report: Investment Firm Hopes to Merge the former Stelco, Essar Steel Algoma

20 June 2016 - A New York-based private equity firm has plans to acquire two ailing Canadian steelmakers and merge the businesses, reports The Hamilton Spectator newspaper.

ArcelorMittal Exploring Divestment of French Steel Businesses

20 June 2016 - ArcelorMittal is looking at selling a stake in a French subsidiary while it explores a sale of a wire unit, which also has operations in the country, according to the Reuters news service.

South Korean Steelmaker Completes Blast Furnace Rebuild

17 June 2016 - POSCO has relit the No. 5 blast furnace at its Gwangyang works following a 112-day refurbishment, the company has announced.

Commercial Metals Sells Off the Last of Its Australian Distribution Business

17 June 2016 - Commercial Metals Co. has found a buyer for the last of its Australian steel distribution assets, the U.S.-based company has announced.

China Acquisition of Unprofitable Serbian Mill Undermines Efforts to Reduce Global Overcapacity, Says EUROFER

17 June 2016 - As Chinese President Xi Jinping visits Serbia this week, the European Steel Association is raising objections over the sale of Serbia’s largest steel mill to a state-owned producer in China.

Investors, Steelmakers Express Early Interest in Australia-Based Arrium

16 June 2016 - POSCO and several investment firms from the U.S. and the U.K. reportedly are kicking the tires on Australia’s Arrium Group, which was placed into voluntary administration earlier this year.

Allegheny Technologies JV Orders New Cold Mill to Make Super Thin and Very Wide Strip

15 June 2016 - Shanghai STAL Precision Stainless Steel Co. Ltd. has awarded a contract to the Fives industrial engineering group for a cold rolling mill capable of rolling ultra-thin stainless strip at full commercial widths, the company has announced.

Two Potential Buyers Said to Have Bids on U. S. Steel Canada

15 June 2016 - A private equity firm and an industrial conglomerate have entered the final stage of bidding for U. S. Steel Canada, which is operating under creditor protection as it seeks a buyer, reports The Hamilton Spectator newspaper.

Nucor Forecasts Higher Profits in Second Quarter

15 June 2016 - Nucor Corp. expects its second-quarter earnings to increase 66 percent, if not more, on rising shipments and prices, the steelmaker said on Wednesday.

Contract Award Probably Spells the End for Essar Steel Minnesota Project

13 June 2016 - ArcelorMittal’s new long-term pellet supply agreement with iron ore miner Cliffs Natural Resources is likely the "final nail in the coffin" for the Essar Steel Minnesota taconite project, says a columnist for the Minneapolis Star Tribune.