Steel News

To Protect Steelworks, Australian Union Willing To Discuss Concessions

02 September 2015 - The Australian Workers' Union says it will support BlueScope Steel's effort to cut costs in order to preserve the remaining blast furnace at the company's Port Kembla steelworks, reports The Sydney Morning Herald.

Russian Coal and Steel Producer Refinances Nearly US$2 Billion in Debt

01 September 2015 - Russian mining and metals company Mechel OAO has restructured nearly US$2 billion worth of loans with Gazprombank, the company has announced.

ArcelorMittal South Africa To Close Facilities, Lay Off 400

31 August 2015 - ArcelorMittal South Africa is planning to close parts of one steel works and has begun studying whether to restructure another, the company said in a statement.

BlueScope Port Kembla Works Being Set Up For Failure, Union Says

31 August 2015 - The Australian Workers’ Union is calling an on-site meeting at BlueScope Steel’s Port Kembla works this week to figure out a way to save the operation, reports The Sydney Morning Herald.

Steelworkers Union Says It Will Continue Bargaining With ArcelorMittal

31 August 2015 - With its contract set to expire 1 September, the United Steelworkers union said it will remain at the table with ArcelorMittal and continue negotiating.

South Africa Introduces Tariff on Imported Steel, But With Conditions

28 August 2015 - South Africa's trade and industry minister has approved a 10-percent protective tariff on certain steel products, looking to shield domestic steelmakers from Chinese imports.

Austrian Strip Mill Places Order For Primetals' Eco Slide discs

28 August 2015 - Primetals Technologies has won an order to outfit two coilers at an Austrian strip mill with side guiding beams and its Eco Slide wear discs, the company has announced.

voestalpine CEO: China Plant Construction Might Be Delayed

26 August 2015 - Austria's voestalpine might be hitting the pause button on plans to build a specialty steel mill in China, although it remains interested in expanding operations there, according to a Reuters interview with CEO Wolfgang Eder.

With Import Protections In The Offing, SAIL Considers Price Hike

26 August 2015 - Anticipating the imposition of a 10 percent protective duty on steel imports, Steel Authority of India Ltd. may raise prices early next month, according to Bloomberg TV India.

Tata Steel Halting Production at U.K. Strip Mill; 250 Jobs To Be Lost

26 August 2015 - Tata Steel's U.K. strip steel division is idling parts of a Welsh mill, blaming a surge of unfairly traded imports.

China Moves Forward On Second Round Of Construction on Steel Works

25 August 2015 - In spite of lower demand and ample supply, China has begun the second phase of construction on a large, coastal mill in northern Hebei province, according to Reuters.

Report: Plant Fire Appears To Be Accidental

25 August 2015 - A large fire that broke out at an idled Japanese mill on 24 August may have been caused by workers who were using gas burners to dismantle the facility, reports Singapore’s The Straits Times newspaper.

U. S. Steel Corp. Moving Non-Union Employees To Defined Contribution Retirement Plans

24 August 2015 - United States Steel Corp. is freezing pension benefits for non-union employees and intends to move them onto a 401(k) plan, the Pittsburgh Business Times reports.

SSI's UK Slab Mill Faces Uncertain Future, Executive Says

24 August 2015 - Falling demand and prices have plunged the future of SSI UK Ltd.’s integrated slab mill in Teesside, England, into doubt, an executive at the company has warned.

Firefighters Summoned to Blaze At Japanese Steel Plant

24 August 2015 - A large fire broke out at an idled steel pipe plant in Kawasaki City, Japan, on 24 August, according to news reports.

BlueScope Steel To Lay Off Workers, Mulls Plant Shutdowns

24 August 2015 - Against the backdrop of plummeting steel prices, Australia's BlueScope Steel Ltd. has undertaken a review of its Australian and New Zealand plants and may wind up shuttering them, according to The Wall Street Journal.

BlueScope Steel Chairman To Retire in November

21 August 2015 - The chairman of Australia's BlueScope Steel Ltd. is retiring and will step down from the company's board before the end of the year, the company has announced.

Indian Ferrochrome Joint Venture Merges With Sponsor

21 August 2015 - The board of directors at India's VISA Steel Ltd. has approved a deal in which the company will fold a joint venture business with China's Baosteel Resources Co. Ltd. into itself, the company said in a press release.

Steel Processor Pushes Back Plant Closure

21 August 2015 - Cold-finished steel bar manufacturer Niagara LaSalle Corp. has postponed the closure of its Buffalo, N.Y., USA, facility until the end of August.

Big River Steel Names New Chairman, CEO

20 August 2015 - Big River Steel, the new company building a US$1.3 billion mill in Arkansas, has named a new board chairman and appointed a new CEO following the sudden death of founder John Correnti, who held both of those positions. It also has named a new board director, the company has announced.