Steel News

AK Steel: Acquisition Will Bring It Even Closer to Auto Customers

07 July 2017 - AK Steel’s announced acquisition of tooling and stamped components manufacturer Precision Partners will give the steelmaker a fully integrated downstream platform, one that will allow for closer collaboration with its automotive customers, said AK Steel chief executive Roger Newport.

Italian Steelmaker Upgrades Bar-in-Coil Line

06 July 2017 - Italy's Acciaierie Bertoli Safau is upgrading its Danieli bar-in-coil line to increase size capabilities and realize the line’s full production capacity.

GFG Alliance Prevails in Effort to Buy Australian Steelmaker

05 July 2017 - After revising an earlier offer, metals entrepreneur Sanjeev Gupta and his family’s alliance of businesses have landed a binding agreement to acquire Australian iron ore miner and steelmaker Arrium.

Steel Dynamics to Add Rebar Capabilities to Indiana Mill

05 July 2017 - U.S.-based Steel Dynamics Inc. plans to add a US$75 million rebar line to its structural and rail mill in Columbia City, Ind., the steelmaker announced on Wednesday.

Tata, thyssenkrupp Leaders to Meet on Potential Steel Merger

05 July 2017 - thyssenkrupp chief executive Heinrich Hiesinger plans to meet with Tata Sons chairman Natarajan Chandrasekaran this month to see if the two companies can put together a deal on merging their European steel operations, according to the German business newspaper Handelsblatt.

Stelco Completes Sale and Exits Creditor Protection

03 July 2017 - U.S. investment firm Bedrock Industries has closed on its acquisition of Canada’s Stelco, officially bringing to an end a decade of United States Steel Corporation ownership and nearly three years of uncertainty under creditor protection.

AK Steel Acquiring Stamped Components Manufacturer

03 July 2017 - AK Steel is setting its sights downstream, announcing Monday that it is acquiring a Canadian tooling and stamped components manufacturer for US$360 million in cash.

Australian Steelmaker Starts Up Modified Furnace

03 July 2017 - Australia’s OneSteel has added a new sidewall injection system to an electric arc furnace at its Laverton mill in Melbourne.

Russian Pellet Plant Hits Its Stride

03 July 2017 - NLMK Group’s new pelletizing plant has reached a production milestone, producing its 3 millionth metric ton since its November start-up.

Charter Steel Contracts With Tenova for EAF Modification

30 June 2017 - Tenova Inc. has won a contract to retrofit a Wisconsin electric arc furnace with its Consteel metallic charging system, the equipment supplier has announced.

Danieli Wins Order for Caster Upgrade

30 June 2017 - The Steel Authority of India has awarded a contract to Danieli for improvements to a bloom caster at its Durgapur facility, the equipment supplier has announced.

Universal Stainless Says No to Merger Offer

29 June 2017 - Universal Stainless & Alloy Products Inc. has rejected an unsolicited merger offer from Synalloy Corp., saying that the proposed deal held no merit, the company said on Thursday.

Commercial Metals President Barbara Smith Adds CEO to Title

29 June 2017 - Commercial Metals Company is promoting its chief operating officer to the helm.

Commercial Metals Sees Third-Quarter Profits Rise

22 June 2017 - Stronger shipments of scrap and mill products helped advance Commercial Metals Company’s third-quarter profits, which rose to US$39.3 million, the company said Thursday.

Egyptian Rebar Producer Upgrades Rolling Mill Controls

22 June 2017 - Danieli Automation recently completed upgrades to a rolling mill control system at an Ezz Steel facility in Egypt.

Texas HBI Plant Passes Performance Tests

21 June 2017 - The world´s largest single-module hot briquetted iron plant successfully completed its performance-guarantee tests, reports the facility’s technology supplier.

To Survive, thyssenkrupp Turns Toward Another Business

21 June 2017 - Germany’s biggest steelmaker has a strategy that it hopes will allow it to succeed in a world awash in low-cost steel: make something other than steel.

JSW Steel's U.S. Operation Wins Conditional Approval to Upgrade Plate Mill

19 June 2017 - JSW Steel’s board has given the preliminary go-ahead to a plan to modernize the steelmaker’s plate mill at its Baytown, Texas, USA, facility, the company announced Monday.

South Korean Consortium Prevails in Bidding on Australian Steel, Iron Ore Producer

16 June 2017 - A consortium led by a South Korean private equity firm has been declared the preferred bidder for Australian iron ore miner and steelmaker Arrium, the company’s financial administrator has announced.

ArcelorMittal, Italy Reach Binding Agreement on ILVA Acquisition

16 June 2017 - ArcelorMittal and partner Marcegaglia said on Friday that they have reached a binding agreement with the Italian government on a plan to acquire ILVA.