Steel News

Losses Continue to Mount for United States Steel Corp.

26 April 2016 - United States Steel Corp. posted a first-quarter net loss of US$340 million on Tuesday and announced that it filed a Section 337 petition seeking to bar unfairly traded, Chinese-made steel products from entering the country.

Quad Infotech Commissions New Manufacturing Software at Virginia Mill

25 April 2016 - Software engineering and design firm Quad Infotech Inc. has completed commissioning of its QMOS manufacturing execution system at Gerdau’s large section plant in Petersburg, Va., USA, the company has announced.

Nucor's First-Quarter Sales Slide, But Sees Better Times Ahead

22 April 2016 - Nucor Corp. saw its first-quarter sales decline by 16 percent, but the steelmaker said the market has begun to improve and is expecting much better results this quarter.

Improvements in Flat Rolled Market Help Boost Steel Dynamics' Q1 Profits

21 April 2016 - U.S.-based Steel Dynamics Inc. doubled its first-quarter profits on greater shipments and improving market conditions, especially in its flat rolled business, the company reported Thursday.

Steel Developer Enters the AHSS Ring

21 April 2016 - An advanced materials company has delivered its first advanced high-strength steel (AHSS) to General Motors for initial testing, the company has announced.

ArcelorMittal Unveils Belgian Plant Upgrade

21 April 2016 - With the help of Belgian government leaders, ArcelorMittal ceremonially inaugurated a new EUR49 million walking beam furnace at its Gent facility.

Salzgitter Bags Order from Offshore Gas Pipeline

20 April 2016 - Germany’s Salzgitter Group has won an order for 71,000 metric tons of large-diameter pipe from the Trans Adriatic Pipeline project, the company has announced.

Allegheny Technologies Sheds 250 White-Collar Jobs

20 April 2016 - Specialty steelmaker Allegheny Technologies Inc. is laying off roughly one-third of the salaried employees in its flat rolled division, lopping 250 positions from its payroll, the company has announced.

POSCO to Open Wire Rod Processing Plant in Indiana

19 April 2016 - South Korea’s POSCO plans to build a US$19 million wire rod processing plant along the Ohio River in Indiana, according to an announcement by the state.

SSAB Revises Portfolio, Adds New Products

18 April 2016 - Sweden’s SSAB is revising its product portfolio, introducing new products and rolling out five new brand families that group products by their use.

Chinese Steelmaker Signs Agreement to Buy Serbian Mill

18 April 2016 - China’s Hebei Iron and Steel Group has signed an agreement to buy an unprofitable steel mill in Serbia, according to reports.

ThyssenKrupp CEO: We Want to Be a Part of European Steel Consolidation

15 April 2016 - If thyssenkrupp chief executive Heinrich Hiesinger had his druthers, the company would take part in a consolidation of Europe’s steel industry, perhaps getting together with Tata Steel’s European operation.

ArcelorMittal, voestalpine Teaming Up to Market New Automotive Steel

15 April 2016 - Voestalpine and ArcelorMittal have signed an agreement to jointly market a new line of galvanized press-hardened steels intended for hot-formed automotive components, ArcelorMittal has announced.

Kentucky Hopes to Prompt AK Steel to Relight Ashland Blast Furnace

15 April 2016 - Kentucky Gov. Matt Bevin has signed a bill meant to entice flat rolled maker AK Steel Corp. to relight the blast furnace at its Ashland Works, according to the Associated Press.

The Techs Engineer Named ASTM Committee Chair

15 April 2016 - Margaret A. Farabaugh, a technical services engineer for hot-dipped galvanizer The Techs, has been named chairperson of ASTM international committee A05 on metallic-coated iron and steel products, the standards maker has announced.

Voestalpine Commissions New Sound-Based Monitoring System

14 April 2016 - Austria’s voestalpine has installed a new acoustic-based monitoring system at a secondary dedusting plant at its Linz mill, the vendor on the project has announced.

Minnesota Governor Threatens To Take Away Mineral Leases From Startup Iron Ore Miner

14 April 2016 - Minnesota Gov. Mark Dayton has issued an ultimatum to would-be iron ore producer Essar Steel Minnesota, telling the company that if it doesn't line up the funding to finish its new taconite mine and processing facility, the state won't renew mineral leases.

U.K. Government Might Consider Investment in Tata Steel Sale

12 April 2016 - The U.K. government might “co-invest” with whomever acquires Tata Steel’s U.K. operation, according to reports.

Essar Steel 'Confident' It Can Finish New Iron Ore Mine, Pellet Plant

12 April 2016 - Essar Steel Minnesota chief executive Madhu Vuppuluri said he and the company are “optimistic” that they’ll raise the rest of the money needed to finish building a new taconite mine and processing facility in northern Minnesota, according to the Duluth News Tribune newspaper.

Thousands of German Steelworkers Take to the Streets, Protesting Imports, Potential Consolidation

11 April 2016 - Thousands of German steelworkers staged nationwide protests Monday, demanding more action against Chinese imports -- and a seat at the table in any discussions about possible industry consolidation.