Steel News

JSW Acquires 111 Million MT in Iron Ore Reserves

07 October 2016 - India’s JSW Steel has won an auction for five iron ore mines in the state of Karnataka, reports the Business Standard newspaper.

Worthington Steel Replaces Rolling Mill Gauges

06 October 2016 - IMS Systems Inc., a maker of x-ray, isotope and optical measuring systems, has installed two thickness gauges on the 56-inch cold reversing mill at Worthington Steel’s facility in Cuyahoga Heights, Ohio, the company has announced.

SMS Opens New U.S. Service Center, Dedicated Roll Shops

06 October 2016 - SMS Technical Services has opened a new repair and maintenance shop in Arkansas to serve the Big River Steel facility and other regional steelmakers, the company has announced.

Independence Tube Acquisition Might Spark Needed Consolidation of Structural Tube Producers, Says Zekelman Industries CEO

05 October 2016 - Nucor Corp.’s acquisition of Independence Tube will benefit the structural tube sector and will likely lead to additional acquisitions within the segment, Zekelman Industries executive chairman and chief executive Barry Zekelman said on Wednesday.

With Low Oil Prices, U.S. Mills Lose Relative Energy Advantage

04 October 2016 - Not only have falling oil prices lowered the demand for steel pipe and tube, they’ve dulled a cost advantage U.S. steel producers had over their counterparts elsewhere in the world, according to an industry consultant.

Analyst: Expect Tighter Competition in U.S. Sheet Market

04 October 2016 - Supply-side competition in the U.S. sheet market is likely to stiffen in the year ahead as new players enter the market and others become more aggressive, according to one analysts.

Steelworkers Approve New Labor Agreement With Cliffs Natural Resources

30 September 2016 - Members of the United Steelworkers union have ratified a three-year labor agreement with iron ore producer Cliffs Natural Resources, the company announced on Thursday.

Taiwanese Rebar Maker Equipping Itself for Continuous Rolling

30 September 2016 - Taiwan’s Tung Ho has ordered a new continuous billet welder for its Taoyuan bar mill, enabling the facility to operate in endless rolling mode.

Steel Company Revives Scottish Plate Mills

28 September 2016 - Liberty Steel has recommissioned two affiliated plate mills in Scotland and is looking to eventually increase production to 500,000 metric tons annually, according to the Reuters news service.

Researchers Developing High Silicon Steel That's Less Brittle -- And Less Expensive

28 September 2016 - The U.S. Department of Energy has awarded a US$3.8 million grant to a research team that is helping to create smaller and more powerful electric motors based on a developmental electrical steel.

Chilean Steelmaker Produces First Heat of Nanotech Rebar Steel

27 September 2016 - MMFX Technologies Corp. has established a production partnership with CAP Steel, which has produced its first heat of MMFX’s ChrōmX 9100 concrete-reinforcing steel at its Huachipato plant in Talcahuano, Chile, according to announcement.

POSCO Trades the Safety Goggles for Electronic Goggles Through Virtual Tours

27 September 2016 - Using some emerging technology, POSCO is giving its customers a chance to see its steel plants without having to travel to them.

Steelmaker Completes Improvements to Furnace Emissions System

26 September 2016 - Italy’s Acciaierie Bertoli Safau SpA has upgraded its emissions treatment capabilities, adding a system to better control the release of dioxins.

Tata Steel Opens Pension Talks with Labor Representatives

26 September 2016 - Tata Steel executives are meeting with labor leaders at its U.K. steel works as the steelmaker looks for an agreement on changes to its pension plan, according to reports.

Kito, Konecranes Ending Alliance, But Not Relationship

26 September 2016 - Japan’s Kito Corp. is dissolving its strategic alliance with Konecranes so that it can bid on Konecranes' hoist and crane components business, which is being divested as part of a separate deal, the companies have announced.

Essar Algoma Lenders, Bondholders Set Recapitalization Plan

23 September 2016 - A majority of Essar Steel Algoma’s term lenders have settled on a recapitalization plan with the company’s bondholders, the Canadian steelmaker has announced.

Chinese Steelmakers Trying to Evade U.S. Import Tariffs, American Steelmakers Allege

23 September 2016 - Several U.S. steelmakers are accusing their Chinese counterparts of circumventing newly imposed tariffs on cold-rolled and corrosion-resistant steels by diverting products into another country before exporting them.

New Cold Mill to Expand Nucor's Lineup of Specialty Steels

23 September 2016 - Nucor Corp. will add a US$230 million cold-rolling mill to its Arkansas sheet mill, giving it the ability to make some new, higher-value products, the company has announced.

Investment Firm Takes a Step Toward Acquiring U.S. Steel Canada

23 September 2016 - The Ontario provincial government and an American investment firm have set broader terms of a restructuring plan for U. S. Steel Canada Inc., which has been operating under creditor protection for two years.

Harsco Wins US$40 Million Contract with South American Steelmaker

19 September 2016 - Mill contractor Harsco Corp. has signed a new US$40 million agreement with Chile’s largest steelmaker, CAP Huachipato, Harsco announced on Monday.