Steel News

Chinese Steelmaker Could Become the World’s Largest Producer

06 January 2020 - China Baowu Steel Group could potentially surpass ArcelorMittal as the world’s largest steelmaker if it completes a deal to take a controlling stake in Chongqing Iron and Steel.

Worthington Acquires Majority Stake in Samuel Steel Pickling Co.

06 January 2020 - Steel processor and cylinder manufacturer Worthington Industries is rolling a newly acquired facility into its sheet processing joint venture with Samuel, Son & Co. and has taken the majority stake in the business.

Nucor SBQ Mill to Receive New Processing Line

03 January 2020 - Special bar quality maker Nucor Steel Memphis Inc. is investing approximately US$10 million in a new heat treat line at its bar mill in Tennessee, reports the Daily Memphian.

POSCO Developing Precision Location Tag

02 January 2020 - A POSCO research and development subsidiary is partnering with two tech firms to develop a location-tracking tag to be used in its plants.

Monnet Ispat Eyes Restart

02 January 2020 - Indian steelmaker Monnet Ispat & Energy is to resume steel production this month following an extended outage for maintenance and upgrades, according the Business Standard newspaper.

Waelzholz Group Looks to Grow Sales in China, Mexico

30 December 2019 - German cold roller Waelzholz Group is expanding its cold mill in China and has established a Mexican sales subsidiary, the company reports.

MORE Technology Selected for Planned EAF

30 December 2019 - Italian EAF specialist MORE S.r.l. will be outfitting a new furnace in Ohio with a number of technology packages, the company has announced.

Nippon Steel Nisshin to Halt Blast Furnace

26 December 2019 - Nippon Steel Nisshin Co. Ltd. plans to bank a blast furnace in southern Japan next year, saying that a slowing market and other factors necessitated the move.

Liberty Steel to Acquire Bankrupt Bayou Steel for US$28 Million

26 December 2019 - Sanjeev Gupta’s Liberty Steel Group has been named the preferred buyer for bankrupt long products maker Bayou Steel Group, which suddenly halted operations this fall and laid off more than 400 people.

U. S. Steel Accelerates Best of Both Strategy

20 December 2019 - United States Steel Corporation plans to indefinitely idle parts of its Great Lakes Works in Michigan next year as it advances its “best of both” strategy, through which it intends to narrow its operational focus to a few core integrated assets and expand into electric arc furnace steelmaking.

ArcelorMittal Agrees to Continue Ilva Negotiations

20 December 2019 - ArcelorMittal and the Italian government have reached a non-binding agreement on a new path forward for the Ilva steel works and will continue to negotiate a new industrial plan, the company said Friday.

Sandvik Acquires Stainless Tube Maker

20 December 2019 - Sweden’s Sandvik Group is acquiring Summerill Tube Corp., a Pennsylvania-based manufacturer of high-precision stainless and nickel alloy tubes, for an undisclosed amount.

Danieli Lands Order for Bar Mill Caster, Secondary Metallurgy Station

19 December 2019 - Nucor Corp. has chosen Danieli to provide a new 4-strand billet caster and secondary metallurgy station for its Kankakee bar mill in Bourbonnais, Ill., USA, the equipment supplier has announced.

Nucor to Add Paint Line to Arkansas Mill

19 December 2019 - Nucor Corp.’s board of directors has greenlighted installation of a new coil paint line at its Arkansas sheet mill, an addition that will allow it to compete in new markets.

ArcelorMittal Nippon Steel India Establishes Board and Executive Management

18 December 2019 - The newly established joint venture between ArcelorMittal and Nippon Steel, ArcelorMittal Nippon Steel India (AMNSI), has announced its management structure, according to news site SteelGuru.

Stelco CFO to Step Down in January

18 December 2019 - Stelco has announced that its chief financial officer (CFO) Don Newman will resign from his position on 5 January 2020, citing personal family reasons.

SSAB Americas to Introduce Fossil-Free Steel to North America

17 December 2019 - SSAB Americas is aiming to produce fossil fuel free steels at its U.S. mills by 2026, and its Montpelier, Iowa, USA, facility already is on track to be completely by renewable energy by 2022, the company has said.

Steel Demand Intact, But SDI Expects Lower Q4 Profits

17 December 2019 - Planned outages, lower prices and seasonally lower shipments are likely to offset Steel Dynamics Inc.’s fourth-quarter profits, the company has said.

ArcelorMittal, Nippon Steel Look to Expand Essar Steel

16 December 2019 - ArcelorMittal and joint venture partner Nippon Steel Corp. have finalized their acquisition of Essar Steel India Ltd., completing a deal that gives both a foothold in the growing Indian steel market.

NLMK Lights Rebuilt Blast Furnace

16 December 2019 - NLMK has blown in a rebuilt blast furnace at its Lipetsk plant, concluding a project that began in May, the project contractor has announced.