Steel News

Report: Tata May Have Hard Time Finding Buyer for U.K. Business

07 April 2016 - After Tata Steel announced that it would look to divest its U.K. business last week, the hope has been for a quick sale to a buyer with a turn-around plan.

Australian Steelmaker Placed into Administration

06 April 2016 - Saddled with AUD$2.8 billion in debt, Australian iron ore miner and steelmaker Arrium has been placed into administration, according to reports.

Tata Steel to Start Formal Sales Process for U.K. Business Next Week

06 April 2016 - Tata Steel will launch the formal sales process for is ailing U.K. business on 11 April, according to a U.K. official.

U. S. Steel Is Letting Go of One-Fourth of its Nonunion Workforce in U.S.

06 April 2016 - United States Steel Corporation is cutting 25 percent of its nonunion payroll in the U.S., the steelmaker has confirmed.

Nucor Plans Upgrades to Alabama Sheet Mill

05 April 2016 - Nucor Corp. is spending approximately US$4.4 million to upgrade the pickling line at its Decatur, Ala., sheet mill, according to reports.

Chinese Steelmaker Bids on Serbian Mill

05 April 2016 - China's Hebei Iron & Steel Group has submitted a US$52.2 million offer for a nationalized steel mill in Serbia, according to Reuters news service.

AK Steel Wins Safety Honors from Ohio Workers' Compensation Bureau

04 April 2016 - The state of Ohio has recognized AK Steel Corp.’s Zanesville Works for its safety performance during the previous 13 years, the company has announced.

Voestalpine Signs Another Customer for its Texas HBI

04 April 2016 - Voestalpine has found another taker for the hot briquetted iron it will be producing at its new direct reduction plant in Texas.

Could Two of Canada's Biggest Steelmakers Join Forces? Possibly, Newspaper Says

01 April 2016 - Preliminary bids are due today, 1 April, from investors interested in Essar Steel Algoma, a Canadian plate and sheet producer that entered creditor protection last year.

Report: Tata Steel, thyssenkrupp Might Bring European Operations Together

01 April 2016 - As India’s Tata Steel looks to exit the United Kingdom, it’s reportedly considering a new direction for its other European assets.

South Korean Steelmaker Completes Upgrades to Reversing Mill

31 March 2016 - Hyundai Steel Co. has restarted a tandem reversing mill at its Pohang works following a monthlong outage for a modernization project.

Nine Years and Billions of Dollars Later, Tata Steel Calls it Quits in the United Kingdom

30 March 2016 - After spending billions to buy Anglo-Dutch steelmaker Corus in 2007, and then losing millions more on the investment, India’s Tata Steel has announced plans to sell its U.K. business, leaving thousands of jobs at risk.

Steel Industry Vets Investing Nearly US$37 Million in North America's 'Most Advanced' Cold Finished Bar Mill

29 March 2016 - A start-up company has selected Valparaiso, Ind., as the home of what it says will be North America’s most advanced cold drawn bar mill and plans to begin operations in 2017.

Commercial Metals' Second-Quarter Sales Drop, But Profits Increase

28 March 2016 - U.S. recycler and long products producer Commercial Metals Co. saw its second-quarter profits increase despite a decline in sales, the company reported.

Builder of Unfinished Taconite Facility Looks to Restructure Millions in Debt

28 March 2016 - Essar Steel Minnesota, the company building Minnesota’s first new taconite facility in years, owes approximately US$1 billion and has hired advisers to help it restructure its debt, reports the Reuters news service.

Metals Trading Firm Expands Steelmaking Holdings

24 March 2016 - Tata Steel has reached an agreement to sell two affiliated plate facilities in Scotland, the company has announced.

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.