Steel News

Investment Firm Acquiring ArcelorMittal Long Products Facilities (Updated)

24 March 2016 - ArcelorMittal is selling three of its U.S. long products mills to a private investment firm for an undisclosed amount, the company has announced.

AK Steel, Auto Workers Reach New Labor Pact

23 March 2016 - Hourly production and maintenance employees at AK Steel Corp.'s Coshocton Works in Ohio have ratified a new labor agreement, according to the company.

Japanese Steelmaker Restarts Damaged Bar Mill

22 March 2016 - Toyota-affiliated Aichi Steel Corp. has restarted a bar mill that was damaged by a gas explosion earlier this year, the company has announced.

Evraz Plans Further Curtailments at Colorado Mill

21 March 2016 - After announcing plans to indefinitely idle the seamless tube mill at its Colorado plant, Evraz North America has said it will temporarily halt steelmaking and idle the rail mill there as well, according to reports.

Two AK Steel Engineers Promoted as Vice Presidents

21 March 2016 - Two AK Steel Corp. veterans have been promoted to the Ohio-based steelmaker’s executive team, the company has announced.

1.4 MT Rebar Plant Opens in Oman

21 March 2016 - Jindal Shadeed Iron and Steel has inaugurated a new rebar mill at its plant in Sohar, Oman, according to reports.

Big River Begins Switching On Production Lines at New Mill

18 March 2016 - Big River Steel has commissioned its batch anneal furnaces and skin pass mill and has begun processing steel at its new mill in Arkansas, the company announced.

Primetals Completes Capacity-Boosting Project at Aperam Mill

18 March 2016 - Primetals Technologies has finished upgrading an annealing and pickling line at a stainless sheet mill in Belgium, the company has announced.

U. S. Steel Idling Tube Mills, Laying Off Nearly 800

18 March 2016 - United States Steel Corporation is temporarily idling tube mills in Texas and Alabama and laying off nearly 800 salaried and hourly employees, reports the Pittsburgh Post-Gazette.

Ford, GM Name ArcelorMittal as a Top Supplier

18 March 2016 - Ford Motor Co. and General Motors have each recognized ArcelorMittal as a top supplier for developing automotive products and devising solutions.

Danieli Wins Order for Canadian Bar Mill Upgrades

17 March 2016 - Danieli has been awarded a contract to install a new finishing end at ArcelorMittal’s Longueuil bar mill in the Canadian province of Quebec, the mill builder has announced.

JSW Steel Lights Rebuilt Blast Furnace

16 March 2016 - SMS group subsidiary Paul Wurth group has finished rebuilding a JSW Steel blast furnace, concluding a project that nearly doubled the furnace’s annual production capacity.

Steel Dynamics Sees Some Market Improvement, And Profitability

16 March 2016 - U.S.-based Steel Dynamics Inc. said some market aspects have improved and expects to report first-quarter earnings of between 22 and 26 cents per diluted share, exceeding analysts’ estimates.

Strike Ends at ArcelorMittal Steel Works

15 March 2016 - ArcelorMittal has reached an agreement with striking workers at its Lazaro Cardenas steel works in Mexico, according to reports.

Falling Prices, Shipments Push U. S. Steel Canada Deep Into the Red

15 March 2016 - U. S. Steel Canada (USSC) posted a CAD144 million (US$107.8 million) operating loss in 2015 due to lower shipments and declining prices, according to a court filing.

AK Steel CEO: We're Focused on Idea Generation

15 March 2016 - How do you win a down market? AK Steel Corp.’s new CEO has five ways.

Steel Imports Have Declined Slightly, Market Has Improved Modestly, Nucor Says

15 March 2016 - Nucor Corp. said its mills are benefiting from “modest” market improvements and expects to post a first-quarter profit of between 20 and 25 cents per share later this spring.

Tata Steel Eyes September Commissioning for New Steel Works

14 March 2016 - India’s Tata Steel is bringing up its new Kalinganagar steel works in the state of Odisha and plans to have it fully commissioned by September, company officials said.

Jindal Steel Looks to Monetize Assets and Pay Down Debt

11 March 2016 - Indian steelmaker Jindal Steel and Power Ltd. plans to sell stakes in some of its steel businesses as a way to raise money and pay off debt, according to livemint.com.

Deadline Nearing for Sale of Tata Steel Europe Long Products Business

11 March 2016 - Talks between investment firm Greybull Capital and Tata Steel over the sale of its European long products business are continuing, but the steelmaker is sticking to a self-imposed deadline to strike a deal, reports the U.K.’s Mirror tabloid.