Steel News

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.

NLRB: Allegheny Technologies Bargained in Bad Faith

15 February 2016 - America's National Labor Relations Board (NLRB) has filed a formal complaint against stainless manufacturer Allegheny Technologies Inc., accusing it of bargaining in bad faith with the United Steelworkers union.

U.S. Stainless Producers Launch Trade Case Against China

12 February 2016 - Four U.S. stainless sheet and strip producers have filed a trade complaint against China, alleging that their overseas counterparts are dumping steel and undercutting domestic prices.

Texas, Louisiana Mini-Mills on the Sales Block, ArcelorMittal Confirms

08 February 2016 - In addition to its U.S. rail mill in Steelton, Pa., ArcelorMittal has put two other long products mini-mills on the market – its Vinton mini-mill near El Paso, Texas, and the other in LaPlace, La.

Harsco Signs $125M Agreement with Chinese Plate Mill

05 February 2016 - Harsco Corp. has landed a 15-year, US$125 million contract to provide additional mill services at Hebei Iron & Steel Group’s Tangshan plate mill, the company has announced.

ArcelorMittal Posts US$7.9B Loss in 2015

05 February 2016 - ArcelorMittal, the world’s largest steelmaker, lost US$7.9 billion in 2015 on lower prices and large write-downs in its iron ore business.

Write-downs, Restructuring Costs Help Push Tata Steel's Q3 Earnings into the Red

04 February 2016 - Tata Steel Ltd. lost Rs 2,127 crore in its third quarter as it continues to face low prices and competition from imports.

As Power Prices Rise and Steel Prices Fall, ArcelorMittal Considers Future of South African Mill

04 February 2016 - ArcelorMittal’s South African division said it expects to record a headline loss of 1,250 cents per share in 2015 and is rethinking its investment in its ultrathin hot rolled coil mill along the country’s west coast.

Steel Shortage Forces Toyota to Temporarily Halt Production in Japan

03 February 2016 - The world’s leading automaker plans to halt all of its domestic assembly lines next week because of a parts shortage, which was brought on by an accident at an affiliated steel mill.

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.