Steel News

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.

Report: Overseas Bidder Looking at U.S. Steel Canada, Essar Algoma

18 July 2016 - A metals trading firm that seems to have lost out on its bid to acquire all of Tata Steel’s U.K. business is turning its attention to overseas targets, reports The (London) Financial Times.

Improving Flat Rolled Market Lifts Profits at Steel Dynamics

18 July 2016 - Steel Dynamics Inc. saw its second-quarter profits more than double due in part to improving conditions in the flat rolled sector, the company said on Monday.

Rotek Expands Seamless Ring Capacity

18 July 2016 - Thyssenkrupp’s Rotek Inc. said the installation of a new ring mill at its Aurora, Ohio, plant is on schedule and expects to put it into service on 1 September.

EVRAZ Begins Work on New Blast Furnace in Russia

15 July 2016 - Russia’s EVRAZ has begun building a US$170 million blast furnace at its Nizhny Tagil steel works, the company has announced.

Essar Minnesota Names New Chief Executive

15 July 2016 - Essar Steel Minnesota has named a new chief executive to help guide the company through Chapter 11 bankruptcy and to help it complete its US$1.9 billion taconite mine and pellet plant, reports the Minneapolis Star Tribune.

NAFTA Panel Mostly Rejects Mexican Challenge to U.S. Duty Order on Rebar

14 July 2016 - A North American Free Trade Agreement review panel has generally upheld a finding that U.S. producers had been harmed by unfairly traded Mexican rebar exports.

Investment Firm Drops Plan to Acquire Canadian Steelmakers

14 July 2016 - A New York-based private equity firm has backed out of a deal to buy Canada’s Essar Steel Algoma and reportedly has dropped a separate bid for another major Canadian steelmaker, U. S. Steel Canada.

Better Margins, Prices Expected to Boost BlueScope's Bottom Line

14 July 2016 - Australia’s BlueScope Steel Ltd. said it expects to beat its second-half earnings guidance due to higher margins in its U.S. businesses and greater Asian steel prices.

Brazil's CSN Looks to Part Ways With Usiminas

13 July 2016 - Brazil’s Cia Siderúrgica Nacional SA said it will sell its stake in rival Usiminas, but only after it minimizes losses on its investment in the business, the company said Wednesday, reports the Reuters news service.

Steelworkers Union Rebuffs Would-Be Acquirer of Essar Algoma, Backs Competing Offer

12 July 2016 - The United Steelworkers union said it will not support Essar Steel Algoma’s tentative sale to a private equity firm and instead is pushing for an alternate deal, one with the steelmaker’s former owner.

Essar Minnesota Still Plans to Complete Minnesota Taconite Mine

12 July 2016 - Essar Steel Minnesota, which last week lost the public mineral leases related to the taconite mine and processing plant it has been building and filed for Chapter 11 bankruptcy, isn’t throwing in the towel.

No Guarantees That Port Talbot Works Will Be Saved, Says Tata Executive

11 July 2016 - Tata Steel cannot guarantee that the U.K.’s largest steelmaking facility has a future ahead of it, even if it is able to sign a joint venture agreement for its strip business, reports The Guardian newspaper.

Essar Steel Minnesota Loses Mineral Leases, Files for Bankruptcy

08 July 2016 - Essar Steel Minnesota, which had been building Minnesota’s first new taconite facility in years, filed for Chapter 11 bankruptcy on Friday, according to reports.

Tata, thyssenkrupp Discussing Joint Venture for European Strip Businesses

08 July 2016 - Tata Steel has suspended the sale of its U.K. business and is now thinking about putting its strip operation into a joint a venture with other steelmakers, including Germany’s thyssenkrupp AG, Tata announced on Friday.