Steel News

ArcelorMittal Might Part With U.S. Rail Mill and Other Long Products Facilities

03 February 2016 - ArcelorMittal, the world’s largest steelmaker, is considering a sale of its Pennsylvania, USA, rail mill, along with other U.S. long steel assets.

Upgrades to ThyssenKrupp Hot Strip Mill Pass Acceptance Test

02 February 2016 - ThyssenKrupp Steel Europe AG has signed off on upgrades to the intensive cooling section at a hot strip mill in Germany.

United Steelworkers Rank-and-File Accept Labor Agreement With U. S. Steel

01 February 2016 - The United Steelworkers union has ratified a three-year labor contract with United States Steel Corporation, the union has announced.

Japan's No. 1 Steelmaker Looks to Acquire Rival Nisshin Steel

01 February 2016 - Two of Japan’s largest steelmakers are planning to combine as they try to ride out the low prices brought on by excess capacity.

Nucor 2015 Profits Fall; Underperforming Joint Venture Contributes to 4Q Loss

29 January 2016 - U.S.-based Nucor Corp. saw its 2015 profits fall 39 percent on account of lower prices and declining shipments.

U. S. Steel Posts US$1.5B Loss in 2015

27 January 2016 - 2015 will go down as a significant year for United States Steel Corporation, but for the wrong reasons: the integrated steelmaker posted a net loss of US$1.5 billion on the year, illustrating the difficult market conditions the company and other steelmakers are facing.

Accounting Charges, Mill Idling Costs Help Sink AK Steel's 2015 Earnings

26 January 2016 - Although sales and shipments rose in 2015, U.S.-based AK Steel Corp. lost US$510.7 million on the year after writing off investments in its iron ore and incurring costs to idle its Ashland, Ky., steel works, the company has announced.

Steel Dynamics, Mississippi Officials Mark Start of Plant Expansion

25 January 2016 - U.S.-based Steel Dynamics Inc. (SDI) has broken ground on the company’s new paint line and Galvalume production facility at its Columbus, Miss., USA, plant.

Quebec Considers Public Investment in Tata Steel Ore Project

22 January 2016 - The Canadian province of Quebec has signed an agreement in principle with Tata Steel to buy into the company’s direct shipping ore project in the Labrador Trough, reports La Presse Canadienne news service.

India Steps Back From POSCO Mill Project

22 January 2016 - The Indian government has set aside plans to establish a steel mill in partnership with South Korea’s POSCO, and will now focus on other projects with ArcelorMittal, reports The Times of India.

Environmental Concerns Prompt Closure of Major Iron Ore Terminal in Brazil

22 January 2016 - A Brazilian court has ordered one of the world’s primary iron ore import-export terminals to shut down owing to recurring pollution problems.

EU Takes Belgium, Italy to Task for State Support of Steelmakers

21 January 2016 - The European Commission has ordered Belgium to recover EUR211 million in aid it granted to steel companies in the Duferco group, saying the assistance distorted competition and violated EU state aid rules.

Improved Metal Spreads Lift Insteel Industries Q1 Profits

21 January 2016 - U.S.-based Insteel Industries Inc.’s first-quarter profits rose nearly 62 percent to US$6.7 million, the company reported.

U. S. Steel Warns of More Job Cuts at Lone Star Plant

20 January 2016 - United States Steel Corporation is planning to curtail production and lay off nearly 700 employees at its Lone Star tubular plant in Lone Star, Texas.

Fourth Quarter Impairment Charges Cost Allegheny Technologies US$267M

20 January 2016 - Specialty steelmaker Allegheny Technologies Inc. said its fourth-quarter earnings will take a US$267 million hit from inventory charges, write-offs, and costs associated with layoffs and mill idlings.

Hyundai Steel Starts Up Caster, Bar Rolling Mills at New Plant

19 January 2016 - A bloom caster, a large-bar rolling mill, and a combination small-bar and wire rod mill have been started up at Hyundai Steel’s new special steel plant in South Korea.

Commercial Metals Names New Chief Operating, Financial Officers

19 January 2016 - U.S.-based Commercial Metals Company (CMC) has promoted its chief financial officer as its new chief operating officer, the company has announced.

Tata Steel to Let Go More Than 1,000 at UK Mills

18 January 2016 - Tata Steel UK Ltd. is laying off 1,050 people, mostly from its integrated Port Talbot mill in Wales, on account of continued pricing pressure from low-cost imports, the company has announced.

AUMUND Wins Order for Conveyor at New DRI Plant in Algeria

15 January 2016 - Germany’s AUMUND Fördertechnik GmbH is building a 116-meter conveyor that will link a new hot direct reduced iron plant to a meltshop at the Tosyali Holding AS mill in Algeria.

French Rod Mill Upgrades Coil Handling System

15 January 2016 - French stainless steel wire rod producer Ugitech has awarded a final acceptance certificate on upgrades to the compacting and coil handling system in the company’s rod mill, according to the supplier, Primetals Technologies.