Steel News

Cleveland-Cliffs Acquires Full Stake in Iron Ore Mine, Pellet Plant

02 October 2017 - Iron ore producer Cleveland-Cliffs Inc. has bought out its joint venture partner in a Michigan mine, the company said on Monday.

Ternium to Build New Plants in Mexico, Colombia

02 October 2017 - Latin American steelmaker Ternium is investing more than US$1 billion in a new hot rolling mill in Mexico and a new rebar mill in Colombia, each of which are intended to displace imports into the countries.

Nippon Steel President Doesn't Discard Possibility of New Asian Integrated Plant

02 October 2017 - Although Nippon Steel & Sumitomo Metal Corp. president Kosei Shindo has said the company would stay away from building new integrated plants, it isn’t ruling out the possibility.

Report: In Tata-thyssenkrupp Combination, the Hammer Might Fall Hard on Port Talbot Works

02 October 2017 - As Tata Steel moves to combine its European strip operations with Germany’s thyssenkrupp, Tata’s integrated Port Talbot Works is likely to bear the brunt of cost reductions through the merger and in the event of an industry downturn, reports the Reuters news service.

Report: Stelco Hopes to Raise CA$150 Million Through IPO

29 September 2017 - Three months after emerging from creditor protection, the new owner of Canada’s Stelco will look to take the company public.

ArcelorMittal Allocates US$1B for Improvements to Mexican Operations

29 September 2017 - ArcelorMittal said it plans to invest US$1 billion over the next three years to expand and modernize its Mexican operations.

Steelworkers Approve New Labor Deal With EVRAZ North America

29 September 2017 - Members of the United Steelworkers union have ratified a five-year labor agreement with EVRAZ North America’s Pueblo, Colo., USA, plant.

Salzgitter to Expand Galvanizing Capacity

29 September 2017 - Salzgitter AG supervisory board members have given the go-ahead to the installation of a third galvanizing line at Salzgitter Flachstahl, the company announced on Friday.

U. S. Steel to Expand Ohio Galvanizing Plant

26 September 2017 - United States Steel Corp. and joint venture partner Kobe Steel Ltd. are investing US$400 million in a new continuous galvanizing line to meet rising demand for advanced high-strength steels.

POSCO Opens U.S. Wire Rod Processing Plant

25 September 2017 - POSCO and officials from the state of Indiana gathered Friday to ceremonially open the company’s new U.S. wire rod processing plant at the Port of Indiana-Jeffersonville.

ArcelorMittal Taps SMS group for New Ladle Furnace

25 September 2017 - SMS group has won an order from ArcelorMittal Temirtau in Kazakhstan for a new 290-ton ladle furnace, the equipment supplier has announced.

Explosion at Gerdau Mill Injures Four

21 September 2017 - Gerdau has halted operations at its Wilton, Iowa, USA, mini-mill following a Wednesday night explosion that injured four people.

JSW Steel Awards Converter Shop Contract

21 September 2017 - SMS group has won an order to outfit a new converter shop at JSW Steel’s Dolvi facility in India, the equipment manufacturer has announced.

SAIL to Regain Position as India's Leading Producer

21 September 2017 - The Steel Authority of India (SAIL) is preparing to blow in its newest blast furnace – and reclaim its spot as the country’s No. 1 steel producer, reports the Business Standard newspaper.

Romanian Mill Adds Coating Line

21 September 2017 - Romanian steelmaker ArcelorMittal Galati has completed EUR15 million upgrades to its facility, allowing it to produce a new family of organic coated coils.

Steel Dynamics' Third-Quarter Earnings Expected to Miss Forecast

20 September 2017 - Steel Dynamics Inc. said it expects to report third-quarter earnings of between 61 cents and 65 cents per share, missing analysts’ expectations.

Tata, thyssenkrupp Set Framework for Combining Steel Operations

20 September 2017 - Tata Steel and thyssenkrupp have signed a preliminary agreement to combine their European steel operations, creating a 50-50 joint venture that would be Europe’s second-largest steelmaker behind ArcelorMittal.

ArcelorMittal to Cease Rolling Plate at U.S. Mill

19 September 2017 - ArcelorMittal USA said it will idle the plate rolling line at its Conshohocken, Pa., mill sometime in the next year on account of low demand and competition from unfairly traded imports.

Ovako Launches New Line of Steels

18 September 2017 - Swedish special bar quality maker Ovako has introduced a new family of steels that it says combines the characteristics of tool steel, maraging steel and stainless steel with the production economy of special bar quality steel.

Nucor Mill Signs Off on EAF Upgrade

18 September 2017 - Nucor Steel Seattle Inc. has granted final acceptance of a newly installed water leak detection system on the plant’s electric arc furnace.