Steel News

Steelworkers Union Rebuffs Would-Be Acquirer of Essar Algoma, Backs Competing Offer

12 July 2016 - The United Steelworkers union said it will not support Essar Steel Algoma’s tentative sale to a private equity firm and instead is pushing for an alternate deal, one with the steelmaker’s former owner.

Essar Minnesota Still Plans to Complete Minnesota Taconite Mine

12 July 2016 - Essar Steel Minnesota, which last week lost the public mineral leases related to the taconite mine and processing plant it has been building and filed for Chapter 11 bankruptcy, isn’t throwing in the towel.

U.S. Imposes Countervailing Duties on Stainless Sheet; Lifts Some Duties on Stainless Wire Rod

12 July 2016 - Chinese producers of stainless sheet and strip have been unfairly benefiting from government subsidies, the U.S. Commerce Department has ruled.

Tenaris Cuts the Ribbon on New Service Center

12 July 2016 - Tenaris ceremonially opened its first service center in Thailand on Tuesday, marking the start of operations at a facility meant to support Chevron’s offshore production.

No Guarantees That Port Talbot Works Will Be Saved, Says Tata Executive

11 July 2016 - Tata Steel cannot guarantee that the U.K.’s largest steelmaking facility has a future ahead of it, even if it is able to sign a joint venture agreement for its strip business, reports The Guardian newspaper.

Forecast: Basic Oxygen Furnaces May Lose More Ground to Their Electric Counterparts

11 July 2016 - The American steel industry’s energy consumption likely will decline over the next 25 years, and steelmaking will tip even more toward electric arc furnaces, according to a long-range forecast from the U.S. Energy Information Administration.

Tenaris Announces Job Cuts at Arkansas Mill

11 July 2016 - Oil country tubular goods maker Tenaris is laying off approximately 100 people at its welded pipe mill in Arkansas, the company has announced.

Essar Steel Minnesota Loses Mineral Leases, Files for Bankruptcy

08 July 2016 - Essar Steel Minnesota, which had been building Minnesota’s first new taconite facility in years, filed for Chapter 11 bankruptcy on Friday, according to reports.

Tata, thyssenkrupp Discussing Joint Venture for European Strip Businesses

08 July 2016 - Tata Steel has suspended the sale of its U.K. business and is now thinking about putting its strip operation into a joint a venture with other steelmakers, including Germany’s thyssenkrupp AG, Tata announced on Friday.

Royal Tractor Sold to Wisconsin Manufacturer

08 July 2016 - Royal Tractor Co. Inc., a Kansas-based manufacturer of materials handling equipment, has been sold for an undisclosed amount.

A Few Key Investments Allowed TimkenSteel's Return to High-Pressure Tubing Market, Company Says

07 July 2016 - TimkenSteel, which is re-entering the market for a type of high-pressure tubing necessary to make a plastic, says the move was made possible by a few key investments over the last 10 years.

In India, A New Steel Mill Comes to Life

06 July 2016 - Steelmaking facilities at Tata Steel’s new integrated mill in India have been successfully commissioned, according to machine and mill builder SMS group.

'Brexit' Puts the Brakes on Sale of Port Talbot Works

05 July 2016 - The uncertainty arising from the U.K.’s Brexit vote is prompting Tata Steel to pause the sale of its Port Talbot works, reports The (London) Sunday Times.

SMS Company Tapped to Upgrade HDGL Line at Alabama Plant

01 July 2016 - SMS group’s Drever International has won a contract for upgrades to a steel finishing plant in Alabama, the company has announced.

Illinois Pipemaker Adopts a New Name

01 July 2016 - Chicago-based pipe and tube maker JMC Steel Group Inc. has changed its name to Zekelman Industries Inc., the company has announced.

World's Biggest Steelmaker Looks to Become Even Bigger

30 June 2016 - ArcelorMittal and Italy’s Marcegaglia SpA have put down an offer on the country’s troubled Ilva steelworks in the city of Taranto, ArcelorMittal has announced.

Steel Dynamics Expands SBQ Finishing Capabilities Through US$126M Deal

30 June 2016 - U.S.-based Steel Dynamics Inc. is acquiring America’s largest maker of threaded rod for US$126 million, the company announced on Thursday.

Workers Return to Idled U.S. Steel Corp. Mill

28 June 2016 - Steadily improving market condtions have allowed United States Steel Corp. to recall most of the laid-off employees at its East Chicago tin mill in northwest Indiana, reports The Times newspaper.

China Says It Might Challenge U.S. Import Duties

28 June 2016 - China’s commerce ministry, which has said America’s imposition of import duties on certain steel products is protectionist, now says it might sue the country through the World Trade Organization, according to the Reuters news service.

Proposed 10M-Ton Mill Wins Environmental Approval

27 June 2016 - The Indian government has given environmental clearances to an integrated steel plant that JSW Steel is proposing to build in the state of Jharkhand.