Steel News

ArcelorMittal Shutters Indiana Aluminizing Line

26 February 2016 - ArcelorMittal has closed the No. 1 aluminizing line at its Indiana Harbor West plant in Indiana and is shifting production elsewhere, according to reports.

Gerdau Attorney: 'There Was No Tax Evasion'

26 February 2016 - Federal authorities questioned Gerdau SA chief executive André Gerdau Johannpeter for about two hours Thursday as part of an investigation into a suspected tax evasion scheme, The Wall Street Journal reported.

Police Search Gerdau Offices; CEO Summoned for Questioning in Widening Tax Evasion Probe

25 February 2016 - Brazilian federal police have raided Gerdau SA headquarters and other offices in the country and summoned chief executive Andre Gerdau Johannpeter to testify as part of an investigation into a bribery and tax dodging scheme, according to reports.

Steelmaker Taps Primetals for New Ladle Furnace

25 February 2016 - Russia’s Severstal has ordered a new twin-ladle furnace for its Cherepovets steel works, according to the vendor on the project.

Tata Steel Europe's Chief Executive Departs for Another Position

25 February 2016 - Tata Steel Europe, which is in the midst of talks to sell its long products business, now finds itself undergoing a leadership change.

Ford Engineer Named to U. S. Steel Board

25 February 2016 - A retired Ford Motor Co. executive has been elected to United States Steel Corporation's board of directors, the company has announced.

Brazilian Specialty Steelmaker Fires Up New EAF

23 February 2016 - Brazil’s Villares Metals has signed the final acceptance certificate for a 25-ton electric arc furnace at its mill in Sumare, Sao Paulo, according to the vendor on the project.

Report: Tata Steel Preparing to Restructure India Operations

23 February 2016 - India’s Tata Steel is planning to restructure its domestic operations in a bid to cut costs and boost productivity, reports The Economic Times.

Allegheny Technologies, United Steelworkers Shake Hands on Tentative Labor Deal

23 February 2016 - Union negotiators have reached a tentative, four-year agreement with specialty steelmaker Allegheny Technologies Inc., the United Steelworkers union and the company have announced.

Two JSW Steel Blast Furnaces Returned to Service

22 February 2016 - India’s JSW Steel has re-commissioned two idled blast furnaces and is preparing to relight a third, according to reports.

Ukraine's No. 1 Exporter Is a Steelmaker

19 February 2016 - Forbes Ukraine magazine has named ArcelorMittal Kryvyi Rih as the country’s leading exporter during 2015.

Usiminas' Controlling Shareholders Considering Support for the Ailing Business

19 February 2016 - The joint controlling shareholders of Brazilian steelmaker Usinas Siderurgicas de Minas Gerais SA are trying to settle on a way to prop up the ailing business, which is struggling to make it through some of the worst times in Brazil’s steel industry in years.

Gerdau Gives a Thumbs Up to a New Rolling Mill, Plans to Begin Plate Production This Summer

19 February 2016 - Long steel maker Gerdau has issued the final acceptance certificate for its new Steckel mill at its Ouro Branco plant in the Brazilian state of Minas Gerais, according to the vendor on the project.

TimkenSteel Moves to Recapture a Piece of a Specialized Tube Market

18 February 2016 - U.S.-based TimkenSteel is re-entering the market for the specialized tubing needed to make a widely used type of plastic and has taken its first order, the company announced.

ArcelorMittal Workers in Canada Accept New Labor Deal

17 February 2016 - Unionized steelworkers at ArcelorMittal's Canadian long products division have ratified a six-year labor agreement, the company has announced.

Citing Losses, Australian Steelmaker Says It May Partially or Fully Close Its Integrated Steel Works

17 February 2016 - Arrium, an Australian iron ore miner and steel producer, posted an AU$235.8 million loss in the first half of fiscal 2016 and said it needs to find AU$60 million in cost savings or it will idle all or part of its integrated Whyalla works.

SDI Co-Founder Richard Teets Calls it a Career and Announces March Retirement

17 February 2016 - Steel Dynamics Inc. co-founder and former AIST board president Richard P. Teets Jr. has announced he’ll retire in March, bringing to an end a nearly 40-year steelmaking career and prompting the company to reorganize its management structure.