Steel News

GFG Alliance Completes Deal for U.S. Wire Rod Manufacturer

03 January 2019 - GFG Alliance has finalized its US$320 million acquisition of Keystone Consolidated Industries (KCI), a move that will help clear the way for a planned initial public offering, the company has announced.

Despite Uncertain Times, There's Still a Place for Port Talbot Works, Tata Steel Executive Says

03 January 2019 - Tata Steel Europe head Hans Fischer said he believes there is a future for the United Kingdom’s largest steel works, even after the country leaves the European Union, but cautioned that more work is needed to turn around the integrated facility.

Scrap Metal Services Establishes Partnership With Texas Mill

27 December 2018 - Mini-mill operator Optimus Steel has contracted Chicago-based Scrap Metal Services LLC (SMS) and its mill services division, SMS Mill Services, to provide on-site scrap management.

SSWI Appoints New General Manager at Niagara LaSalle Plant

19 December 2018 - Specialty Steel Works Inc. (SSWI) has named an industry veteran to lead its Niagara LaSalle cold-finished bar plant in Hammond, Ind., USA, the company said on Wednesday.

NLMK Commences Work on Blast Furnace Rebuild

19 December 2018 - NLMK Group has begun rebuilding the No. 6 blast furnace at its Lipetsk plant in Russia, a project that will increase its ironmaking capacity by 8% to 3.4 million metric tons.

After Nearly a Decade in Mothballs, This EAF is Throwing Sparks Once Again

18 December 2018 - JSW Steel has restarted the meltshop at its Mingo Junction, Ohio, mill, bringing back to life a furnace that has been idled for more than nine years.

Nucor, Steel Dynamics Forecast Record 2018 Earnings

18 December 2018 - Nucor Corp. and Steel Dynamics Inc. expect to report record full-year earnings in 2018 owing to the underlying strength in the steel markets and other factors, and both are looking for continued profitability in 2019, the companies have said.

Here's Who Tata Steel and thyssenkrupp Have Named to Lead Their European Joint Venture

17 December 2018 - Tata Steel and thyssenkrupp have assembled the senior leadership team for their planned European joint venture, naming a thyssenkrupp executive to oversee an entity that will be Europe’s second-largest steelmaker.

Chinese Steelmaker Signs On for US$4.4B Investment in the Philippines

17 December 2018 - China’s HBIS Group Co. Ltd. and others have signed a memorandum of understanding on a plan to build a US$4.4 billion integrated steelworks in the Philippines.

Kobe Steel Targets Increased Wire Rod Processing Capacity in China

17 December 2018 - Kobe Steel Ltd.’s joint-venture wire rod processing business in China will invest 900 million yen (about US$8 million) to expand capacity there, its fifth such capacity expansion since 2009.

GFG Alliance Lays Out an Ambitious Plan to Build a Very Large Steel Works

13 December 2018 - The Gupta family’s GFG Alliance is committing more than AU$600 million toward upgrades to its iconic steelworks in Whyalla, Australia, and is planning construction of a massive steelmaking plant at the site, the company has announced.

JSW Executive Discusses Plans for Ohio Mill

13 December 2018 - JSW Steel’s Mingo Junction plant in Ohio has restarted its electric arc furnace, is bringing the caster on-line and plans to have as many 1,000 people eventually working on site, reports The (Wheeling, W.Va.) Intelligencer.

SSAB Wraps Up Pickling Line Upgrade

13 December 2018 - Swedish steelmaker SSAB has completed a SEK370 million (US$40.9 million) project to modernize the entry section on its Hämeenlinna Works pickling line, the company said Thursday.

JSW to Pushes Forward on Meltshop Restart

12 December 2018 - JSW Steel reportedly is planning to run a test on the caster at its Mingo Junction, Ohio, plant as it looks to restart the facility's meltshop.

Ovako Upgrades EAF With Spray-Cooled Roof

12 December 2018 - Swedish steelmaker Ovako has commissioned a new roof on the electric arc furnace at its Horfors plant, according to the equipment supplier on the project.

Mittal Calls for Green Tax on Steel Imported Into Europe

11 December 2018 - ArcelorMittal executives on Tuesday said Europe ought to tax imported steel under the terms of its Emissions Trading System as a way to prod foreign producers into reducing emissions and maintain a level playing field for domestic producers.

Algoma Exits Creditor Protection, Sets CA$300M Reinvestment Plan

06 December 2018 - Canadian steelmaker Algoma Steel Inc. has emerged from creditor protection as an independent entity, ending three years of uncertainty about its future.

Primetals Technologies to replace a second CAP ACERO converter

06 December 2018 - Compania Siderurgica Huachipato S.A. (CAP ACERO) has awarded Primetals Technologies a follow-up order to replace LD (BOF) converter #1 in its Talcahuano, Chile works following Primetals Technologies’ successful start-up of converter #2 in May 2018.

Synalloy Signs Deal to Acquire American Stainless Tubing Inc.

06 December 2018 - Stainless pipe maker Synalloy Corp. is acquiring North Carolina-based American Stainless Tubing Inc. (ASTI) for US$27 million to US$28 million, Synalloy has announced.

Nucor Acquires Precision Castings Company in Mexico

05 December 2018 - Nucor Corp. is acquiring Mexican precision castings maker Corporacion POK S.A. de C.V. for an undisclosed amount, the steelmaker has said.