.jpg?lang=en-US&ext=.jpg)
-(1).gif?width=220&height=200&mediaprotectionhash=8011a71ede637cd523c67b1296fc49e6151560fde821a46f29cc85998cc76615&ext=.gif)
Producers
The latest news on the companies producing steel or raw materials used in the iron- and steelmaking process.
Latest News
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.
Steel Dynamics Expects Profitable Second Quarter on Improvements in Flat Rolled Market
13 June 2016 - U.S.-based Steel Dynamics Inc. expects to nearly double its second-quarter profits over the first quarter due to better metal spreads and increased shipments, the company said on Monday.
LNG Terminal Selects Outokumpu Stainless Rebar for Project
10 June 2016 - Finnish stainless producer Outokumpu supplied approximately 10 metric tons of stainless rebar for a liquefied natural gas project along the North Sea coast, the company said on Friday.
ArcelorMittal Plans to Overhaul Continuous Casters at Spanish Mill
10 June 2016 - SMS group has won a contract to overhaul two continuous slab casters at an ArcelorMittal sheet mill in Spain, the company has announced.
Primetals, AIC Win Order for 500K Rebar Mill
09 June 2016 - Filipino rebar maker Capitol Steel Corp. has awarded a contract for a new bar rolling mill to Primetals Technologies and partner Automazioni Industriali Capitanio S.r.l. (AIC), according to Primetals.
Report: Tata Pushes Back Decision on Sale of U.K. Business
09 June 2016 - Tata Steel apparently is going to give itself more time to consider the fate of its struggling U.K. business, extending the timeline for naming a preferred bidder for the operation, reports the (London) Financial Times.
Nucor Joint Venture Eyes Mexican Auto Market
09 June 2016 - Nucor Corp. plans to build a US$270 million galvanized sheet mill in central Mexico through a new joint venture, the company has announced.
