Steel News

Japanese Steelmaker Says It Has Created a New Steel That's 25% Stronger

07 July 2016 - Japan’s Nippon Steel & Sumitomo Metal Corp. says it has developed an automotive sheet steel with a tensile strength of 1,470 megapascals, stronger than any similar product on the market at present, reports the Nikkei Asian Review magazine.

In India, A New Steel Mill Comes to Life

06 July 2016 - Steelmaking facilities at Tata Steel’s new integrated mill in India have been successfully commissioned, according to machine and mill builder SMS group.

Essar Steel Minnesota Mineral Leases in Jeopardy

06 July 2016 - Essar Steel Minnesota has missed a deadline to reimburse the state of Minnesota US$66 million in incentives related to its stalled taconite mining project and now could lose its public mineral leases, reports the Minneapolis Star Tribune.

Nucor Awards US$900M Material Handling Contract

06 July 2016 - Kinder Morgan Inc. has signed a US$900 million agreement to provide bulk material handling services at five Nucor Corp. facilities, the company has announced.

Break-Up of Brazil's Usiminas an Option, Says Executive

06 July 2016 - One way to end the dispute between Brazilian steelmaker Usiminas’ controlling shareholders might be break apart the company, a top executive of one the shareholders said, according to the Reuters news service.

'Brexit' Puts the Brakes on Sale of Port Talbot Works

05 July 2016 - The uncertainty arising from the U.K.’s Brexit vote is prompting Tata Steel to pause the sale of its Port Talbot works, reports The (London) Sunday Times.

Lenders to Begin Looking at Restructuring Essar Steel Ltd. Debt

05 July 2016 - India’s indebted Essar Steel Ltd. has failed to find a taker for a majority stake in the business, and now its lenders are moving to begin debt restructuring talks, reports Indian business publication Mint.

SMS Company Tapped to Upgrade HDGL Line at Alabama Plant

01 July 2016 - SMS group’s Drever International has won a contract for upgrades to a steel finishing plant in Alabama, the company has announced.

World's Biggest Steelmaker Looks to Become Even Bigger

30 June 2016 - ArcelorMittal and Italy’s Marcegaglia SpA have put down an offer on the country’s troubled Ilva steelworks in the city of Taranto, ArcelorMittal has announced.

Steel Dynamics Expands SBQ Finishing Capabilities Through US$126M Deal

30 June 2016 - U.S.-based Steel Dynamics Inc. is acquiring America’s largest maker of threaded rod for US$126 million, the company announced on Thursday.

Report: USSC Rejects Essar Global Offer, Two Remain in the Running

28 June 2016 - Essar Global, which last month was disqualified to bid on Canada’s Essar Steel Algoma, reportedly has been dropped as a U.S. Steel Canada suitor as well, according to The Hamilton Spectator newspaper.

Workers Return to Idled U.S. Steel Corp. Mill

28 June 2016 - Steadily improving market condtions have allowed United States Steel Corp. to recall most of the laid-off employees at its East Chicago tin mill in northwest Indiana, reports The Times newspaper.

Proposed 10M-Ton Mill Wins Environmental Approval

27 June 2016 - The Indian government has given environmental clearances to an integrated steel plant that JSW Steel is proposing to build in the state of Jharkhand.

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.